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Pompey Takeover Saga


Fitzhugh Fella

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Classy :spaz:

 

I wonder if your employer would like to know how you spend your working day

 

Not me saying it Granty but quite a few of the posters on the Pompey websites seem pretty upset with him and you know I'm not the only Pompey fan who loks at this board. Feelings are running pretty high at the moment as you'll probably understand

 

Damn. Three posts already.

 

FWIW, rumours are deal to takeover looks like going through next week. Hope that keeps your appetites whetted until then everyone

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FWIW, rumours are deal to takeover looks like going through next week. Hope that keeps your appetites whetted until then everyone

 

Due diligence done I hope, although in most proper business deals, this would take between 3-6 months, only you lot could complete that in a week, and we know why!

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His LinkedIn profile was deleted late this morning... although it is of course stilll cached on Google

 

Profile: Results driven' date=' creative individual with a proven history of achieving increased profits, sales volume and customer satisfaction.[/quote']

 

Quite some claims there!

 

Not sure which one he makes more stuff up on, this thread or his linkedIn profile :D

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On a lighter note, old Avram is off to find some backstreet activity in Belgrade! Perhaps Milan Mandaric could show him around.

 

And Lampitt is refusing to deny the Honourable Mr Calas interest in bringing more marine features to Fratton:

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/lampitt_refuses_to_confirm_cala_s_pompey_interest_1_3419031

 

Sorry skates, if it is all pie in the sky, fantasy nonsense... Lampitt would have told you, after all he is the FA Former Head of Integrity...

Edited by St Chalet
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I have 2 questions that I cant seem to get to an answer looking back.

 

1. Why would Chanrai lend them another £1m? Isnt that just adding to debt ot has it gone so far he cant back down now?

 

2. Why haven't the FL imposed the same penalty as we had for our 'parent company' administration?

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I have 2 questions that I cant seem to get to an answer looking back.

 

1. Why would Chanrai lend them another £1m? Isnt that just adding to debt ot has it gone so far he cant back down now?

 

2. Why haven't the FL imposed the same penalty as we had for our 'parent company' administration?

 

 

1. He wants them to limp on to the parachute payments in order to get his debt paid back

2. They are trying to determine whether any of pompey's debt has passed to CSI, and whether they are gaining an advantage as a result.

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I have 2 questions that I cant seem to get to an answer looking back.

 

1. Why would Chanrai lend them another £1m? Isnt that just adding to debt ot has it gone so far he cant back down now?

 

2. Why haven't the FL imposed the same penalty as we had for our 'parent company' administration?

 

Was thinking about that. The only reason I can think of is the 'good money after bad' syndrome. He would prefer some idiot to buy the club as that would give him more chance of getting his money back (now owed to him by CSI or PFC?) If the clubruns out of money in the meantime he will have much less chance of a sale. So he's lending, and no doubt secured as tightly as he can get it, the extra £1mill in an attempt to improve his chances of getting back his £17? £18? million.

 

The really inexpicable thing was is why did he get involved in the first place? I've heard people say his feud with Gaydamak may explain that, but it makes to sense to me.

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1. He wants them to limp on to the parachute payments in order to get his debt paid back

2. They are trying to determine whether any of pompey's debt has passed to CSI, and whether they are gaining an advantage as a result.

 

Thanks...but hasn't the pp already been allocated to pay off the debts?

I think they must be blind if they can't see it has ...ref The Times article today.

 

 

Thanks for answering normally dont bother with the Skates and this rivalry stuff but genuinely confused...I guess Lampitt

is the reason why its too quiet from the FL.

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Thanks...but hasn't the pp already been allocated to pay off the debts?

I think they must be blind if they can't see it has ...ref The Times article today.

 

 

Thanks for answering normally dont bother with the Skates and this rivalry stuff but genuinely confused...I guess Lampitt

is the reason why its too quiet from the FL.

 

Stories we've seen are that FL have put a team of specialist accountants onto the case.

 

Which makes sense as any decision could be challenged in the courts IF it was in anyway "subjective"

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He had a fixed and floating charge on basically everything when he owned the club, not sure what the situation is now he's not the owner. While I can see the appeal of waiting to see if another mug does come in and take over the debts, and therefore pumping another load of money in to keep things ticking over, surely there comes a time where Chainrai has to think "**** this"?

 

PS I'll have a bit of a tidy of the last few pages this evening, there's a load of stuff that's really not relevant to the thread (mostly my fault, admittedly).

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He had a fixed and floating charge on basically everything when he owned the club, not sure what the situation is now he's not the owner. While I can see the appeal of waiting to see if another mug does come in and take over the debts, and therefore pumping another load of money in to keep things ticking over, surely there comes a time where Chainrai has to think "**** this"?

 

PS I'll have a bit of a tidy of the last few pages this evening, there's a load of stuff that's really not relevant to the thread (mostly my fault, admittedly).

 

Has he taken back the club though by CSI defaulting? Is that why no FL penalty because its now owned by Chanrai who is not in admin...stupid question I know but....

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. . . . Don't you think if there was something fishy (pun not intended) with the Cala story, someone on the newsdesk might have spotted it and asked questions? :facepalm:

 

The skate reporters among them would have probably stuck their webs in their gills and performed the News Of The World routine while shouting "La la la la we can't hear you".

 

Nice to see Shop Corr back on here, just as the going got . . . err good? for the skates.

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Dunno what the excitement is about :? So you found out the identity of someone who posts on here, and lolz lolz, hes got an ordinary middle class class job with a respectable brand. Hardly worth a couple of pages is it?

 

Had you not posted it in plain english then I wouldn't have had a clue what all the fuss was about anyway. The last 4 pages have gone right over me so if there is any 'scandal' worthy of any bribary, I have completely missed the opportunity.

 

I'm afraid the thread has become all too cryptic to make any real sence of now - right out of my depth.

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I have 2 questions that I cant seem to get to an answer looking back.

 

1. Why would Chanrai lend them another £1m? Isnt that just adding to debt ot has it gone so far he cant back down now?

 

2. Why haven't the FL imposed the same penalty as we had for our 'parent company' administration?

 

 

Purely speculative, but couldn't the answer to question 1 is that if Pompey don't pay the wages then they could move into administration. Thus they would only pay their creditors a % of what they are owed ? So Chenrai could get 5p in the £1, which would be a heck of a loss. Alternatively, if they go into administration and are deducted 10 points then they also become less attractive to potential suitors, so they could go completely under and he could lose part of investment anyway.

 

Previously Chenrai had a secured loan, so he was guarenteed his money, but perhaps that situation has changed when CSI bought the club.

 

Either way, I think Chenrai has to keep Pompey alive and I wouldn't be at all surprised if he ends up as owner of Pompey again.

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It will NOT be a 10 point deduction.

 

There are harsher penalties in store for them, as it will be the second time in 2 years. I think bournmeouth had either 15 or 20.

 

Apparently it would be a 10 pt deduction - I refer you to post 46548 on this very thread.

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Stories we've seen are that FL have put a team of specialist accountants onto the case.

 

Which makes sense as any decision could be challenged in the courts IF it was in anyway "subjective"

 

I think that if they tried to challenge the FL in the courts, they would quickly find their golden share being withdrawn in much the same way as the FL threatened to withdraw ours if we took legal action against them for imposing our penalty for administration.

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He had a fixed and floating charge on basically everything when he owned the club, not sure what the situation is now he's not the owner. While I can see the appeal of waiting to see if another mug does come in and take over the debts, and therefore pumping another load of money in to keep things ticking over, surely there comes a time where Chainrai has to think "**** this"?

 

PS I'll have a bit of a tidy of the last few pages this evening, there's a load of stuff that's really not relevant to the thread (mostly my fault, admittedly).

 

Perhaps infract yourself a few times too??

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I can't say that I like Corp very much but I still feel uncomfortable that some have worked out

and virtually posted exactly who he is in real life. I am too dim to work it out for myself and sorry

but I don't want any PMs telling me thanks.

 

He shouldve stuck to his day job.

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Talking of facebook more from

 

Brian Howe

 

I am being inundated with questions about whether I am involved in negotiations with Portsmouth Football regarding taking over the club. I stated a week or so ago that I wasn't in the bidding but a lot can change in that time. I will make no statement or wild crazy crazy claims but trust me when I say that Pompey is not just a football team to me. For me to own the club and do right by it would be an honour to me. To be part of all my childhood dreams would mean more to me than any of the platinum records on my wall.

I will make no false promises but if it can be done it will be. I can't promise a top 4 premiership team or throwing countless millions into the club but I can promise you a man born and bred in Portsmouth who has attended matches since 1966, who cares about the club and the fans that have been so badly abused for years.

No promises, no silly claims but am I interested..............YES !!!

 

And then in a comment he comes out with this gem.

 

Brian Howe

 

Trevor, I have no answers for you. I have signed a confidentiality contract with the club and i am going to uphold that. Unlike somebody else.

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If people posted on the internet with the assumption that their identity was known, perhaps there wouldn't be the level of abuse that is regularly seen on this and other forums. As many of the regulars may know, I was "outed" years ago by the BBC, when I used to post on 606. Never bothered me much and I took the banter with the humour you need to be a Saints fan. Corp Ho's post and the disclosure that the young lad who reports for the News is a Saints fan has led to unwarranted abuse, none of which would be tolerated if he was black or homosexual. You only have to watch the faces in the crowd at the last derby to see what bigoted hatred can do to even the most middle class 50 year old.

 

BTW, here's the old link that outed me, together with an even older photo, just to show what a good sport I am!

 

Christ you talk some crap on there. Nice to put a face to a name though even if it looks like some dodgy back street porn fanatic. ;)

Edited by saintjay77
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