pedg Posted 12 January, 2012 Share Posted 12 January, 2012 Yet another organisation that doesn't read the SWF.... :-) If I was any of these organisations that had paid for due diligence investigations I would be looking if there was actually information in the public domain (rumafia?) that means CSI should not have passed due diligence. I suspect the companies paid to do the investigations are a bit nervous right now. Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Share price suggests the company is worth a shade less than £400,000. And guess who owns most of those shares.... And I wonder when they'll start paying dividends... Link to comment Share on other sites More sharing options...
Red and White Army Posted 12 January, 2012 Share Posted 12 January, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_declares_i_want_to_buy_pompey_1_3409244 Worth 100M Euros apparently.......... My God.. he wants to buy it and float it on the US stock exchange within 3 weeks? What kind of exchange would let a cesspit like PFC be floated? Pump and dump ? Link to comment Share on other sites More sharing options...
sidthesquid Posted 12 January, 2012 Share Posted 12 January, 2012 Oh God, please let it be him that Andy Android has been drooling over. HIs comedy potential is even greater than old Suleiman the Cornetto salesman. On a slightly more serious note, it did occur to me that this is all part of Chinny and Andy's masterplan. Get a buyer in (source of money optional - eg Antonov) on an HP basis at high interest rates, let them spunk some cash on a half-decent squad and see if they get to the Prem. If they do, everyone is a winner. If they go kaput, take the 10 point hit, as they are probably good enough to stay up anyway, and start again. This Cala guy can probably raise a £5 mill down-payment from somewhere, spend a bit on players and with a half-decent manager they are in with a shout. If it fails, Chinny has still got the down-payment and some interest, he still has the club, and he awaits another chancer ready to blow his wad on a chance of the big-time. Poopey could be quite a good money-spinner for Chiny unless the FL ever get the b@lls to stop him. Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Anyway, I'm sure it's one huge coincidence that this story of a potential new owner has broken in the very same 24 hour period that the Football League are having a meeting to review the Pompey takeover situation.... And to think AA was trying hard to keep it all secret... Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Oh God, please let it be him that Andy Android has been drooling over. HIs comedy potential is even greater than old Suleiman the Cornetto salesman. On a slightly more serious note, it did occur to me that this is all part of Chinny and Andy's masterplan. Get a buyer in (source of money optional - eg Antonov) on an HP basis at high interest rates, let them spunk some cash on a half-decent squad and see if they get to the Prem. If they do, everyone is a winner. If they go kaput, take the 10 point hit, as they are probably good enough to stay up anyway, and start again. This Cala guy can probably raise a £5 mill down-payment from somewhere, spend a bit on players and with a half-decent manager they are in with a shout. If it fails, Chinny has still got the down-payment and some interest, he still has the club, and he awaits another chancer ready to blow his wad on a chance of the big-time. Poopey could be quite a good money-spinner for Chiny unless the FL ever get the b@lls to stop him. As they say in the trade..."you couldn't make it up".... ;-) Link to comment Share on other sites More sharing options...
sussexsaint Posted 12 January, 2012 Share Posted 12 January, 2012 Couple of points "He rubbished rumours claiming he was heading a consortium backed by investors from Abu Dhabi." So all the money is coming from his personal wealth of 100m euros of which he is going to spunk "Mr Cala said around £33m of debts will need to be paid back to creditors and around £10m is needed to run the club for a year." And this is before a penny is spent on transfers, new toilets etc So thats half his alleged fortune pretty much gone then and still no obvious way to increase revenue, other than all those americans who will be frantically buying shares in these economically bouyant times on a team noone knows for a sport they have no interest in. How can it possibly fail Link to comment Share on other sites More sharing options...
JackFrost Posted 12 January, 2012 Share Posted 12 January, 2012 Couple of points "He rubbished rumours claiming he was heading a consortium backed by investors from Abu Dhabi." So all the money is coming from his personal wealth of 100m euros of which he is going to spunk "Mr Cala said around £33m of debts will need to be paid back to creditors and around £10m is needed to run the club for a year." And this is before a penny is spent on transfers, new toilets etc So thats half his alleged fortune pretty much gone then and still no obvious way to increase revenue, other than all those americans who will be frantically buying shares in these economically bouyant times on a team noone knows for a sport they have no interest in. How can it possibly fail Bear in mind 100 million euros is around £82.5 million at current rates so that'll be over half his alleged fortune gone Link to comment Share on other sites More sharing options...
St Columb Saint Posted 12 January, 2012 Share Posted 12 January, 2012 AA has obviously shown him all those fans on Southsea common who would be willing to sink thier wealth into buying shares. Boy is he in for a shock Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Link to comment Share on other sites More sharing options...
tony13579 Posted 12 January, 2012 Share Posted 12 January, 2012 Click on the '5 year' button to see their spectacular perormance over the past 5 years http://www.nasdaq.com/symbol/ccaa/interactive-chart?timeframe=1y&charttype=line Good greif, I have heard of penny shares but $0.002 each! You get 764.87 shares to £1 You can buy a million shares for £1308 Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Good greif, I have heard of penny shares but $0.002 each! You get 764.87 shares to £1 You can buy a million shares for £1308 Check out the cashflow (2006 - 2009).... http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=CCAA:US&dataset=cashFlow&period=A¤cy=native Link to comment Share on other sites More sharing options...
tony13579 Posted 12 January, 2012 Share Posted 12 January, 2012 He never replied to me when I suggested he had no money and a criminal record! Hold on! I posted the fed story on 40year old fake money conviction for a guy with the same name. The news claims he is only 50. which if true means he us unlikly to be the same guy. To be fair I am also 50 and I dont look that old.... do I? Link to comment Share on other sites More sharing options...
andysstuff Posted 12 January, 2012 Share Posted 12 January, 2012 Hold on! I posted the fed story on 40year old fake money conviction for a guy with the same name. The news claims he is only 50. which if true means he us unlikly to be the same guy. To be fair I am also 50 and I dont look that old.... do I? Christ if he's 50 i think i can get away with about 25 then! Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Good greif, I have heard of penny shares but $0.002 each! You get 764.87 shares to £1 You can buy a million shares for £1308 They also pay their court fines in shares.... http://www.sec.gov/Archives/edgar/data/794107/000127351511000055/cala2010q3v2.htm (Page 11) NOTE 10- LEGAL MATTERS On January 20, 2009, a complaint was filed against the Company in the Superior Court of California case # CIVWS09-0049 terminating the lease at 500 Bollinger Canyon Way, San Roman, CA due to subleasing the premises without consent of the landlord. A judgment was entered giving the landlord possession of the premises with no monetary amount awarded. On February 18, 2009, the Company received a letter demanding payment on the deficiencies of two notes the Company issued totaling $125,000. Subsequent to this, an action was originated in the District Court of Jefferson County Texas (case # A-183,766). The Plaintiff contends the Company has not paid the principal or interest on the promissory notes issued in 2004. In 2005, the Company issued stock of 3,400,000 and 2,500,000 shares to the plaintiff in full payment of the outstanding notes and interest. As of September 30, 2010, the Company maintains the notes and interest were paid in full by the issuance of Company stock for payment of the notes and the Company has no further liability and there has been no activity in the suit. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 12 January, 2012 Share Posted 12 January, 2012 FFS! Now it's the Italians making the corpse look like a complete and utter tool - is there no end to this guys international notoriety! I mean, it was only last week, or the week before, that the Corpse was on here telling us we were all bed wetting conspiracy theorists and that Pompey were in fact, contrary to our beliefs, a sustainable, cash making, profit turning, not linked to their parent company in any way, really cracking buy for anyone wishing to invest in the last un-developed club in the South. A true 'sleeping giant'! Today we have a public statement from what appears to be a truly honest, smart, not old at all, certainly no more than 50 years old, definitely not the same person who was busted for fraud 40 years ago [when he can only have been 10 years old tops], intelligent, truly awesome businessman, who has got through all the doors and is knocking on the front door of Pompey where he'll be the first one in every morning to turn the lights on and the last one out to turn them off again. And he's telling us that they owe in total 33 MILLION pounds worth of money to other people. Not only that, but he states that the club will need and ADDITIONAL 10 MILLION pounds to get it through to the end of May!!! Sorry corpse, but one of you is telling porkies, and from what I've read spouted from both of you - thanks trousers for the links - I'm slightly more inclined to believe the Italian! Link to comment Share on other sites More sharing options...
tony13579 Posted 12 January, 2012 Share Posted 12 January, 2012 They also pay their court fines in shares.... http://www.sec.gov/Archives/edgar/data/794107/000127351511000055/cala2010q3v2.htm (Page 11) NOTE 10- LEGAL MATTERS On January 20, 2009, a complaint was filed against the Company in the Superior Court of California case # CIVWS09-0049 terminating the lease at 500 Bollinger Canyon Way, San Roman, CA due to subleasing the premises without consent of the landlord. A judgment was entered giving the landlord possession of the premises with no monetary amount awarded. On February 18, 2009, the Company received a letter demanding payment on the deficiencies of two notes the Company issued totaling $125,000. Subsequent to this, an action was originated in the District Court of Jefferson County Texas (case # A-183,766). The Plaintiff contends the Company has not paid the principal or interest on the promissory notes issued in 2004. In 2005, the Company issued stock of 3,400,000 and 2,500,000 shares to the plaintiff in full payment of the outstanding notes and interest. As of September 30, 2010, the Company maintains the notes and interest were paid in full by the issuance of Company stock for payment of the notes and the Company has no further liability and there has been no activity in the suit. He added all small creditors, who have been waiting for payment since the club’s administration in 2010, will be paid. ‘I have to clear the debts but I will not spend more than what comes into the club’, added Mr Cala. ‘I felt sad for the small creditors. I will pay every creditor if I am owner.’ http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_declares_i_want_to_buy_pompey_1_3409244 So he cant pay his own creditors, but he will pay BC's creditors He is perfect for them.... we should fully support this buyer Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 He added all small creditors, who have been waiting for payment since the club’s administration in 2010, will be paid. ‘I have to clear the debts but I will not spend more than what comes into the club’, added Mr Cala. ‘I felt sad for the small creditors. I will pay every creditor if I am owner.’ http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_declares_i_want_to_buy_pompey_1_3409244 So he cant pay his own creditors, but he will pay BC's creditors He is perfect for them.... we should fully support this buyer Richiamo per uccelli ? Link to comment Share on other sites More sharing options...
angelman Posted 12 January, 2012 Share Posted 12 January, 2012 ‘I felt sad for the small creditors. I will pay every creditor if I am owner.’ http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_declares_i_want_to_buy_pompey_1_3409244 He's mad as a fish. His plan is to float is and be like Juve going from £20m to £400m!!!? "If Pompey go public the entire world has access" - WTF is he on!? And then the killer - ‘Public companies are the most honest entities. ‘I believe honesty and transparency is a must, that’s why nothing will be hidden. ‘There is nothing more serious than committing fraud. If I defraud someone of $10, the US Securities and Exchange Commission will investigate and I will go to jail for 50 years.’ Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 January, 2012 Share Posted 12 January, 2012 AA Hi Joe, I need proof of funds before we continue Joe No problemo signore, here are all my share certificates I'm realy looking forward to Joe bringing World Class Catering to nottarf krap Link to comment Share on other sites More sharing options...
Winchester Red Posted 12 January, 2012 Share Posted 12 January, 2012 If he wants to chuck £50m at a football club, then why not everton? Much better bet than Pompey (they even own their own ground!) Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 January, 2012 Share Posted 12 January, 2012 From Angelman Public companies are the most honest entities. ‘I believe honesty and transparency is a must, that’s why nothing will be hidden. ‘There is nothing more serious than committing fraud. If I defraud someone of $10, the US Securities and Exchange Commission will investigate and I will go to jail for 50 years.’ Oh dear he's in for a shock then http://www.thenational.ae/sport/football/al-fahim-gives-portsmouth-shares-to-fans Al Fahim "I am very upset with the way the club is being run. It is very bad, nothing is clear, there is no transparency and everyone is working for themselves," al Fahim said."There has not been one board meeting Link to comment Share on other sites More sharing options...
Gingeletiss Posted 12 January, 2012 Share Posted 12 January, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_declares_i_want_to_buy_pompey_1_3409244 Worth 100M Euros apparently.......... ‘I believe honesty and transparency is a must, that’s why nothing will be hidden. ‘I have been an officer of public companies in the USA for 25 years. I believe in transparency because if you are dishonest the truth comes out. Mr Cala said around £33m of debts will need to be paid back to creditors and around £10m is needed to run the club for a year. He added all small creditors, who have been waiting for payment since the club’s administration in 2010, will be paid. ‘I have to clear the debts but I will not spend more than what comes into the club’, added Mr Cala. What a larf!! Link to comment Share on other sites More sharing options...
badgerx16 Posted 12 January, 2012 Share Posted 12 January, 2012 Not sure if anybody else has linked this ( so much fun was had yesterday ) : http://www.portsmouth-mad.co.uk/news/tmnw/who_is_joseph_cala_722433/index.shtml "Early impressions of Pompey's possible latest owner are that he seems to be Sulaiman Al-Fahim (pipe dreamer), Ali Al-Faraj (defaulting on payments) and Vladimir Antonov (alleged criminal) all rolled into one! Still, it is early days yet and the more investigative journalists/Pompey fans may well dig up some more dirt on Cala, or at least find some information to give us a crumb of hope because at the moment, this chancer sounds even worse than the previous owners!" Link to comment Share on other sites More sharing options...
buctootim Posted 12 January, 2012 Share Posted 12 January, 2012 (edited) So what has happened at Salernitana? This real live Italian football club is probably his blueprint for Pompey. Seems like Cala was booted out as President in February this year after 7 months. Cala doesnt appear to have invested as he promised. Lots of vids on the web which appear to be critical, but my Italian isnt up to working out what has gone on. Cala new President press conference: Cala: I dont have 16m of debts. http://www.resport.it/lega_pro/salernitana_cala_non_ho_16_milioni_debiti_lombardi_scorretto.aspx Edited 12 January, 2012 by buctootim more info Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 (edited) http://www.portsmouth-mad.co.uk/news/tmnw/who_is_joseph_cala_722433/index.shtml Who Is Joseph Cala? By Jim Bonner Updated Wednesday, 11th January 2012 A little background reading on Pompey's prospective new owner. The latest name to be linked with a takeover of Portsmouth Football Club is that of Joseph Cala, an entrepreneur based in Italy and the USA. The News reported today that Cala was rumoured to be the frontman for a consortium based in Abu Dhabi, but News journo Neil Allen has been in contact with him since and it seems that Joseph intends to be the sole owner as he has no backing from foreign investors. But who is Joseph Cala? Reliable information about the man is scarce, but he seems to be a slightly deluded daydreamer who has ambitions of creating an undersea resort complete with the biggest casino and spa in the world. He has past history of owning a football club. All 11 days of it. Apparently, his time at Salerno Calcio (now playing in Serie D) was cut extremely short due to a "non-compliance" arrangement, with Cala failing to pay the bills despite promising a so-called "40 million euro investment" and an ambition for Salerno to become a Serie A club once again. Doing a quick google search of his name also brought up this interesting page relating to a conviction for attempting to defraud for one Joseph Cala back in 1972. Perhaps this is a different man to the one that Andrew Andronikou is supposedly talking to about taking over our club, perhaps not. Early impressions of Pompey's possible latest owner are that he seems to be Sulaiman Al-Fahim (pipe dreamer), Ali Al-Faraj (defaulting on payments) and Vladimir Antonov (alleged criminal) all rolled into one! Still, it is early days yet and the more investigative journalists/Pompey fans may well dig up some more dirt on Cala, or at least find some information to give us a crumb of hope because at the moment, this chancer sounds even worse than the previous owners! It would seem they're keeping up for change... (Edit: just seen Badger has just posted this link too) Edited 12 January, 2012 by trousers Link to comment Share on other sites More sharing options...
angelman Posted 12 January, 2012 Share Posted 12 January, 2012 Not sure if anybody else has linked this ( so much fun was had yesterday ) : http://www.portsmouth-mad.co.uk/news/tmnw/who_is_joseph_cala_722433/index.shtml "Early impressions of Pompey's possible latest owner are that he seems to be Sulaiman Al-Fahim (pipe dreamer), Ali Al-Faraj (defaulting on payments) and Vladimir Antonov (alleged criminal) all rolled into one! Still, it is early days yet and the more investigative journalists/Pompey fans may well dig up some more dirt on Cala, or at least find some information to give us a crumb of hope because at the moment, this chancer sounds even worse than the previous owners!" Not sure why Pompey-mad didn't just link to this thread! Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Anyone else convinced that this "leak" is a decoy to buy more time with the FL (who just happen to have a meeting today to discuss the Pompey situation)? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 12 January, 2012 Share Posted 12 January, 2012 haha...looks like Vince Clarke's latest transfer target has decided he'd rather go elsewhere... http://t.co/RT8MQ3fP Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 January, 2012 Share Posted 12 January, 2012 Anyone else convinced that this "leak" is a decoy to buy more time with the FL (who just happen to have a meeting today to discuss the Pompey situation)? Totally. As an example. I have spent the past 10 months working with US Corporate M&A lawyers. It takes them FOREVER due to SEC & Due Dilligence requirements. One simple and classic requirement is the need to file the last 3 years Audited Accounts as part of the Duty of Care to the Shareholders of the Acquiring Company............ Now, where did they put those? ROFL And he proposes launching on the NYSE inside 3 weeks? Link to comment Share on other sites More sharing options...
Under Weststand Posted 12 January, 2012 Share Posted 12 January, 2012 Couple of points "He rubbished rumours claiming he was heading a consortium backed by investors from Abu Dhabi." So all the money is coming from his personal wealth of 100m euros of which he is going to spunk "Mr Cala said around £33m of debts will need to be paid back to creditors and around £10m is needed to run the club for a year." And this is before a penny is spent on transfers, new toilets etc So thats half his alleged fortune pretty much gone then and still no obvious way to increase revenue, other than all those americans who will be frantically buying shares in these economically bouyant times on a team noone knows for a sport they have no interest in. How can it possibly fail Just my thought Sussex. 10-mil just for the first year, so 10 x 4-years time he will have expended his fortune! He also has to find funding for the new toilets & hot running water on top of that. Oh almost forgot the refurbishment of the clock. The gift that keeps on giving. Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 (edited) http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_declares_i_want_to_buy_pompey_1_3409244 hugo Thursday, January 12, 2012 at 10:31 AM I personally like most of what this chap has said....and if it is all genuine, i cant see much wrong with him....i think a lot of fans minds were set against him,.... rightly or wrongly ...yesterday, but you never know...this bloke could be another Milan. Copnor Blue Thursday, January 12, 2012 at 10:16 AM Cala is reputed to have a personal wealth of only 100 million euros. These guys don't use their own wealth, they borrow it or negotiate with other investors. They use their wealth as collateral. If this guy is for real he should be seriously considered and would be good for the club. Thursday, January 12, 2012 at 10:01 AM Trueblue78 What a load of total 5hite. Float us on the SE, do people think that enough people in the World will buy shares to keep us running!!! Get real people, our fanbase Worldwide can be say no more than around 2-3 million people if that. Man Utd have a fanbase of around 6 billion people. Now that is a number worth floating. This guy admits he only has 100m euros, which is worth what, £90m or so. Maybe i'm not seeing the bigger picture, but i just dont see this as a smart move for the clubs future. Edited 12 January, 2012 by trousers Link to comment Share on other sites More sharing options...
buctootim Posted 12 January, 2012 Share Posted 12 January, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_declares_i_want_to_buy_pompey_1_3409244 But Man U have a fanbase of 6 billion.... Link to comment Share on other sites More sharing options...
Under Weststand Posted 12 January, 2012 Share Posted 12 January, 2012 Anyone else convinced that this "leak" is a decoy to buy more time with the FL (who just happen to have a meeting today to discuss the Pompey situation)? Absolutely AA has a history of buying time with these type of shadow games! trousers http://www.portsmouth.co.uk/sport/po...mpey_1_3409244 Originally Posted by comments section hugo Thursday, January 12, 2012 at 10:31 AM I personally like most of what this chap has said....and if it is all genuine, i cant see much wrong with him....i think a lot of fans minds were set against him,.... rightly or wrongly ...yesterday, but you never know...this bloke could be another Milan. Copnor Blue Thursday, January 12, 2012 at 10:16 AM Cala is reputed to have a personal wealth of only 100 million euros. These guys don't use their own wealth, they borrow it or negotiate with other investors. They use their wealth as collateral. If this guy is for real he should be seriously considered and would be good for the club. For every rational one that gets it! There are probably 100 like these deluded fools. How embarrassing! Link to comment Share on other sites More sharing options...
Gemmel Posted 12 January, 2012 Share Posted 12 January, 2012 It took us 3 over 3 years to float on the Nasdaq. Huge amounts of cost, infrastructure, change and roadshows. The only way this would be remotely feasible, would be if he does what we did - A reverse takover. The smaller company Cala corporation takes over pfc 2010, the only problem is both lose money and have little chance of financial growth and would start with a share price of 0.02cents................... And that is more than it is worth. Trousers has to be right, this has to be a smokescreen, although I would love it, if it wasn't Link to comment Share on other sites More sharing options...
sussexsaint Posted 12 January, 2012 Share Posted 12 January, 2012 Seriously, who will buy the shares? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 12 January, 2012 Share Posted 12 January, 2012 Seriously, who will buy the shares? Well, it's simple. Just remember to tell Sid. [video=youtube;nedVpG-GjkE]http://www.youtube.com/watch?v=nedVpG-GjkE&feature=player_embedded Link to comment Share on other sites More sharing options...
pedg Posted 12 January, 2012 Share Posted 12 January, 2012 Anyone else convinced that this "leak" is a decoy to buy more time with the FL (who just happen to have a meeting today to discuss the Pompey situation)? Expect we will get a statement soon after the FL meeting finishes from AA disclaiming Cala's involvement. Link to comment Share on other sites More sharing options...
Torres Posted 12 January, 2012 Share Posted 12 January, 2012 I hereby promise that if someone complies this thread into a book when it's all over, I will pay £100 for it. Link to comment Share on other sites More sharing options...
Sevvy Posted 12 January, 2012 Share Posted 12 January, 2012 http://www.newsnow.co.uk/A/543402750?-11209 Have a laugh gentlemen and Ladies Link to comment Share on other sites More sharing options...
Torres Posted 12 January, 2012 Share Posted 12 January, 2012 Even if this guy isn't for real (shock!) and AA is using him to convince the FL that they're about to be taken over so please don't hurt them, it still means that no real new money is any closer to materialising and they're still burning through the little cash they actually do have. Tick. And indeed, tock. Link to comment Share on other sites More sharing options...
Torres Posted 12 January, 2012 Share Posted 12 January, 2012 And as for the "Cala is a stalking horse and working no behalf on Chanrai" thing - are we seriously expected to believe that AA is not doing exactly what Chanrai wants him to do?ROFL - that's almost the most absurd thing anyone has ever said in this saga. Link to comment Share on other sites More sharing options...
stevegrant Posted 12 January, 2012 Share Posted 12 January, 2012 http://www.newsnow.co.uk/A/543402750?-11209 Have a laugh gentlemen and Ladies While for most clubs that scenario would be vaguely plausible, it still doesn't answer the question as to why any "genuine" owner would buy PFC in its current state. It literally has *nothing* going for it, no assets, a stack of debts that require paying over the next 3-4 years and a huge wage bill with players on medium-to-long-term contracts. Link to comment Share on other sites More sharing options...
angelman Posted 12 January, 2012 Share Posted 12 January, 2012 http://www.newsnow.co.uk/A/543402750?-11209 Have a laugh gentlemen and Ladies As you say, laughable as it still doesn't explain why anyone in their right mind would buy Pompey before the 20 or 30 other clubs that are more attractive. If anyone was set on living down here, so not considering the likes of Everton, Reading has been up for sale for a while. EDIT - ah ha. I see SG posted what I said just b4 me! Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 http://www.newsnow.co.uk/A/543402750?-11209 Have a laugh gentlemen and Ladies Be wary of people who post: "I found this on a rumour site" and then conveniently 'forget' to post the accompanying link to said site.... Link to comment Share on other sites More sharing options...
buctootim Posted 12 January, 2012 Share Posted 12 January, 2012 Be wary of people who post: "I found this on a rumour site" and then conveniently 'forget' to post the accompanying link to said site.... It is linked, to another discussion board. http://www.portsmouth.vitalfootball.co.uk/forum/forums/thread-view.asp?tid=14666 Link to comment Share on other sites More sharing options...
Torres Posted 12 January, 2012 Share Posted 12 January, 2012 Other than Chanrai, who are CSI's other creditors? You know, the ones on whose behalf AA is working to maximise their return. Just like he did for all the PFC creditors. Link to comment Share on other sites More sharing options...
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