Channon's Sideburns Posted 17 January, 2012 Share Posted 17 January, 2012 Brian Howe just made this comment on facebook: Looking ever more likely its Cala Brian Howe Portsmouth Football club update...Vince and I have been waiting since last week for paperwork we required to make an educated bid for the club. From what I understand a deal has now been done with the preferred bidder. I might suggest that the person/people concerned were the only bidders as I don't think anyone else was sent the required paperwork either. I am a Pompey fan first and foremost and I am worried that there never was a chance of anyone really buying the club unless Mr Chanrai was involved. I hope I am wrong but I am looking into it...stay tuned. Oh dear. Mr Andronikou not being 'open and transparent' to all parties to ensure the correct deal for Chin...sorry CSI?! Link to comment Share on other sites More sharing options...
dubai_phil Posted 17 January, 2012 Share Posted 17 January, 2012 This thread really screws you up. Just blagged my way in to Matt Prior's Press Conference (see Gen Sports) When the PR girl said anyone have any other questions.... I REALLY had to bite my lip to stop asking his opinion on the skates live on SSN et al. Jeez, time to take a day off from here methinks Link to comment Share on other sites More sharing options...
Guided Missile Posted 17 January, 2012 Share Posted 17 January, 2012 This thread really screws you up. Just blagged my way in to Matt Prior's Press Conference (see Gen Sports) When the PR girl said anyone have any other questions.... I REALLY had to bite my lip to stop asking his opinion on the skates live on SSN et al. Jeez, time to take a day off from here methinks I know what you mean, Phil. I was just talking to Jeremy Paxman for Newnight and while I was giving my opinion on the chances of the Greeks defaulting on their loans, Gary Lineker phones me and wants to know who is going to buy Pompey. I was about to tell him to do one, when I remembered that I am caddying for him at Wentworth this weekend and had better be nice to him, so I just told him to read this thread. (Read my daily blog in the Name Dropping section, for those interested in just how important I am...) Link to comment Share on other sites More sharing options...
rallyboy Posted 17 January, 2012 Share Posted 17 January, 2012 yeah, Madonna mentioned you two had been bothering her.... while some of us have been out working I see the resident comedians have been messing with another webchat....asking those awkward questions in the style of deluded simpletons. You realise they only do the webchats for us now? There's none of the few on there, the extra thumbs make it difficult to type. That and the leaving school at six to pursue a career in the fairground/heather distribution trades. Loved the sharp Corrie/train crash link - the best comedy on here is generated when AA is at the peak of his powers, the bloke's an inspiration. And if he introduces Cala later this week as their saviour I'll have to either pay a fiver or write a screenplay, we'll have way too much material not to publish something on undersea casinos and preachers in their Ferraris. Unlike Heather Mills, this recently labelleddead in the water thread has plenty of legs. Link to comment Share on other sites More sharing options...
Gemmel Posted 17 January, 2012 Share Posted 17 January, 2012 Administrator Andrew Andronikou says he still hopes to complete the sale of Portsmouth by the middle of the week. Pompey's parent company, Convers Sport Initiatives entered administration in November, forcing the Championship club to search for new owners. A preferred bidder has been identified, contracts are in place and the next few days are pivotal, Andronikou said. There is an urgency to complete a deal, as investment is needed if Portsmouth are to meet ongoing running costs. Surely not aa, surely not Link to comment Share on other sites More sharing options...
TopGun Posted 17 January, 2012 Share Posted 17 January, 2012 More from the News posters: RHS Tuesday, January 17, 2012 at 03:09 PM Middle of the week is tomorrow Wednesday, and therefore they have passed the FL fppt etc so i expect the beans spilled tomorrow, ie Cala or Branson, so i would pick urm not sure! DIS Link to comment Share on other sites More sharing options...
pedg Posted 17 January, 2012 Share Posted 17 January, 2012 More from the News posters: RHS Tuesday, January 17, 2012 at 03:09 PM Middle of the week is tomorrow Wednesday, and therefore they have passed the FL fppt etc so i expect the beans spilled tomorrow, ie Cala or Branson, so i would pick urm not sure! DIS Do they really think Richard Branson is going to buy their club?! I assume it would be renamed to "Virgin Ontherediculous" if that happened. Link to comment Share on other sites More sharing options...
pfc123 Posted 17 January, 2012 Share Posted 17 January, 2012 Let's go with the track record shall we...? I predict many more pages of fun here as your unprincipled new principals stack up the ammunition for us Dear oh dear, is that the best you can come up with? Link to comment Share on other sites More sharing options...
derry Posted 17 January, 2012 Share Posted 17 January, 2012 Pompey can't be sold cos we haven't reached a thousand pages on here yet:lol: Link to comment Share on other sites More sharing options...
dronskisaint Posted 17 January, 2012 Share Posted 17 January, 2012 Dear oh dear, is that the best you can come up with? I'm not the one on somebody else's website failing to find information or land any blows on the p*sstakers. My reason for being here is to mock your excuse for a club and those like you who provide the cannon fodder...what's your excuse? Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 17 January, 2012 Share Posted 17 January, 2012 Dear oh dear, is that the best you can come up with? LOl. Is JoCa the best you can come up with? Link to comment Share on other sites More sharing options...
sussexsaint Posted 17 January, 2012 Share Posted 17 January, 2012 LOl. Is JoCa the best you can come up with? .. some people call him Maurice Cause' he speaks of the pompey few with love. Link to comment Share on other sites More sharing options...
tony13579 Posted 17 January, 2012 Share Posted 17 January, 2012 (edited) If we posted that a mad Italian with no tracable assetts, who wanted to be the preist of a underwater casino harbour dome cathedral and get Pompey floated on the US stock market in the next three weeks and get you in the prem next season..... you could not make it up.... Edited 17 January, 2012 by tony13579 Link to comment Share on other sites More sharing options...
saint si Posted 17 January, 2012 Share Posted 17 January, 2012 Cala is the best possible result for all concerned. Pompey get to keep their club (for a few more weeks at least) and we get to keep our thread. Everyone's a winner! Link to comment Share on other sites More sharing options...
trousers Posted 17 January, 2012 Share Posted 17 January, 2012 Pompey can't be sold cos we haven't reached a thousand pages on here yet:lol: Can't we just do what we did the last 4 times and keep the thread open pending the next takeover? Link to comment Share on other sites More sharing options...
mack rill Posted 17 January, 2012 Share Posted 17 January, 2012 Chinny will be named (the new Boss again) on Fridee, Link to comment Share on other sites More sharing options...
buctootim Posted 17 January, 2012 Share Posted 17 January, 2012 Chinny will be named (the new Boss again) on Fridee, Doh. Now you mention it, he is the only credible person with a reason to take the club on. Link to comment Share on other sites More sharing options...
Sevvy Posted 17 January, 2012 Share Posted 17 January, 2012 Chinny will be named (the new Boss again) on Fridee, Why am i not surprised at that, any thing not to get -10 Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 17 January, 2012 Share Posted 17 January, 2012 Chinny will be named (the new Boss again) on Fridee, Yes, but if CSI never paid him anything (which surely was the reason he put them into Admin to secure what he was owed) - how can he become the 'new' owner? Surely he's always been the owner? Link to comment Share on other sites More sharing options...
Waterside.saint Posted 17 January, 2012 Share Posted 17 January, 2012 Why am i not surprised at that, any thing not to get -10 "Meet the new boss Same as the old boss" The Who, Won't Get Fooled Again Link to comment Share on other sites More sharing options...
mack rill Posted 17 January, 2012 Share Posted 17 January, 2012 Yes, but if CSI never paid him anything (which surely was the reason he put them into Admin to secure what he was owed) - how can he become the 'new' owner? Surely he's always been the owner? yes! a bit like the old Wurrzall Gumidge toy you could stick a dozen heads on it. Last one was aunt Sally i think, Link to comment Share on other sites More sharing options...
sussexsaint Posted 17 January, 2012 Share Posted 17 January, 2012 The same Chinny ho wants nothing to do with the club and put it into administration? *gets popcorn and large foam finger* Link to comment Share on other sites More sharing options...
pedg Posted 17 January, 2012 Share Posted 17 January, 2012 Chinny will be named (the new Boss again) on Fridee, So Chinny who sold PFC to CSI and is owed money on that from AA the CSI administrator is buying pompey (surely the other creditors would complain if he was just given the one remaining CSI asset?) so that some of that money can go to him and some to North One? Unless he pays enough to cover both his debt from CSI and that of North One then CSI will only pay a certain amount in the pound? Question is what proportion of CSI debt is to chinny as from this thread long long ago we know that you need the agreement of a certain percentage of the debt holders to pass such an agreement. 'If' Chinny takes over its going to interesting to see how he deals with the other CSI debts that for certain. Link to comment Share on other sites More sharing options...
Wes Tender Posted 17 January, 2012 Share Posted 17 January, 2012 More from the News posters: RHS Tuesday, January 17, 2012 at 03:09 PM Middle of the week is tomorrow Wednesday, and therefore they have passed the FL fppt etc so i expect the beans spilled tomorrow, ie Cala or Branson, so i would pick urm not sure! DIS Typo, I'm afraid. He meant this:- http://www.bringoutthebranston.co.uk/ I think that he was trying to convey the message that they would be in a pickle whether they chose Cala or not. It all stacks up, as you will see that they do baked beans too. Link to comment Share on other sites More sharing options...
70's Mike Posted 17 January, 2012 Share Posted 17 January, 2012 your owner is your creditor your administrator is your banker it is the pompey family Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 17 January, 2012 Share Posted 17 January, 2012 we know that you need the agreement of a certain percentage of the debt holders to pass such an agreement. 'If' Chinny takes over its going to interesting to see how he deals with the other CSI debts that for certain. I THINK it was divided up as percentage of how much you were owed so as Chinny seems to be owed at least 80% he can't be outvoted as it only needs a 75% in favour?? Link to comment Share on other sites More sharing options...
pedg Posted 17 January, 2012 Share Posted 17 January, 2012 we know that you need the agreement of a certain percentage of the debt holders to pass such an agreement. 'If' Chinny takes over its going to interesting to see how he deals with the other CSI debts that for certain. I THINK it was divided up as percentage of how much you were owed so as Chinny seems to be owed at least 80% he can't be outvoted as it only needs a 75% in favour?? Remember some of Chinnys debt is with pompey not CSI (I think). North one are owed £3 so for them to have less that 25% of the debt chinny must be owed over £9 million by CSI and there to be no more creditors. Any reliable figures anywhere about what his debt from CSI actually is? Link to comment Share on other sites More sharing options...
Winchester Red Posted 17 January, 2012 Share Posted 17 January, 2012 I'd have thought Chinny would only be taking possession of / buying PFC. Don't think NOS or any of the other crap related to CSI will be anything to do with him will it? I wonder if AA might even find a way to shift some of PFC's debt onto CSI? ........I wonder if that was always the plan...... Link to comment Share on other sites More sharing options...
angelman Posted 17 January, 2012 Share Posted 17 January, 2012 There is an urgency to complete a deal, as investment is needed if Portsmouth are to meet ongoing running costs. Surely not aa, surely not Really? I thought that we were being told by The Few that Poopey were making a day to day operating profit. Is AA really saying that they aren't self sustainable? I am truly shocked. Link to comment Share on other sites More sharing options...
Clapham Saint Posted 17 January, 2012 Share Posted 17 January, 2012 I know what you mean, Phil. I was just talking to Jeremy Paxman for Newnight and while I was giving my opinion on the chances of the Greeks defaulting on their loans, Gary Lineker phones me and wants to know who is going to buy Pompey. I was about to tell him to do one, when I remembered that I am caddying for him at Wentworth this weekend and had better be nice to him, so I just told him to read this thread. (Read my daily blog in the Name Dropping section, for those interested in just how important I am...) Very good. :lol: Link to comment Share on other sites More sharing options...
COMEONYOUREDS Posted 17 January, 2012 Share Posted 17 January, 2012 i know what you mean, phil. I was just talking to jeremy paxman for newnight and while i was giving my opinion on the chances of the greeks defaulting on their loans, gary lineker phones me and wants to know who is going to buy pompey. I was about to tell him to do one, when i remembered that i am caddying for him at wentworth this weekend and had better be nice to him, so i just told him to read this thread. (read my daily blog in the name dropping section, for those interested in just how important i am...) pmsl! Link to comment Share on other sites More sharing options...
Joey-deacons-left-nut Posted 17 January, 2012 Share Posted 17 January, 2012 Why not just drop "takeover" from the thread title ?? Link to comment Share on other sites More sharing options...
Jonnyboy Posted 17 January, 2012 Share Posted 17 January, 2012 Really? I thought that we were being told by The Few that Poopey were making a day to day operating profit. Is AA really saying that they aren't self sustainable? I am truly shocked. So CSI are in administration and Pompey are making a loss yet still operating? Hmmmm Link to comment Share on other sites More sharing options...
St. Neil Posted 17 January, 2012 Share Posted 17 January, 2012 Vultures are circling http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/ipswich_chase_pompey_duo_1_3428030 Link to comment Share on other sites More sharing options...
sidthesquid Posted 17 January, 2012 Share Posted 17 January, 2012 Vultures are circling http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/ipswich_chase_pompey_duo_1_3428030 I know it will probably never happen but there would be a certain irony in the Skates losing their two best young pros to Ipswich after heavily outbidding them on wages to steal Norris away Link to comment Share on other sites More sharing options...
dubai_phil Posted 17 January, 2012 Share Posted 17 January, 2012 I know what you mean, Phil. I was just talking to Jeremy Paxman for Newnight and while I was giving my opinion on the chances of the Greeks defaulting on their loans, Gary Lineker phones me and wants to know who is going to buy Pompey. I was about to tell him to do one, when I remembered that I am caddying for him at Wentworth this weekend and had better be nice to him, so I just told him to read this thread. (Read my daily blog in the Name Dropping section, for those interested in just how important I am...) Yeah totally know where you're coming from. But trust me, slapping myself for THINKING of it while in the room was funnier Link to comment Share on other sites More sharing options...
Jonnyboy Posted 17 January, 2012 Share Posted 17 January, 2012 Yeah totally know where you're coming from. But trust me, slapping myself for THINKING of it while in the room was funnier Who's the depressed femme? Link to comment Share on other sites More sharing options...
Essruu Posted 17 January, 2012 Share Posted 17 January, 2012 Who's the depressed femme? If you were the PR girl and recognised the big fat Brit golf groupie from previous events, wouldn't YOU look depressed at the thought of him asking some dumb questions or trying to get his thumbs up photos with the players? Link to comment Share on other sites More sharing options...
Tokyo-Saint Posted 17 January, 2012 Share Posted 17 January, 2012 Who's the depressed femme? Phil was telling her a golf story minutes earlier, ungrateful *****! Link to comment Share on other sites More sharing options...
Wes Tender Posted 17 January, 2012 Share Posted 17 January, 2012 Vultures are circling http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/ipswich_chase_pompey_duo_1_3428030 This particular idiot amused me:- 20 12 Tuesday, January 17, 2012 at 08:38 PM "The parachute payments are earmarked for the CVA settlement, and yes, that's a "legal thing". Can't be changed all the time the club continues to survive" - The CVA was placed on Portsmouth City FC Ltd, that business was liquidated in Feb 2011 at the wish of the creditors so that it could be investigated for illegal activities. CVAs are not transferable so PFC 2010 PLC does not have one. Brilliant ploy that, to liquidate the old club so that the new one wouldn't have the CVA. So they can't be docked points for not exiting the CVA. Genius! And do the creditors realise that by agreeing to liquidate old co, they have done themselves out of any prospect of ever seeing any of their debts repaid, not even the 20% over 5 years? Is his user name his IQ? Or is it one of our lot on a wind-up? Link to comment Share on other sites More sharing options...
Dark Munster Posted 18 January, 2012 Share Posted 18 January, 2012 trousers, this link has everything you want to know about cala .....seems they have finally woken up down the wrong end of the M27 http://www.fansonline.net/pompey-fans/article.php?id=395 At least one of the few seems to have finally learnt from the old adage: fool me 5 times, shame on you, fool me 6 times shame on me. "All in all, if Mr Cala wants to get (back) into football, I think I would prefer that he picked a club 17 miles west to start with." Link to comment Share on other sites More sharing options...
hutch Posted 18 January, 2012 Share Posted 18 January, 2012 This particular idiot amused me:- Brilliant ploy that, to liquidate the old club so that the new one wouldn't have the CVA. So they can't be docked points for not exiting the CVA. Genius! And do the creditors realise that by agreeing to liquidate old co, they have done themselves out of any prospect of ever seeing any of their debts repaid, not even the 20% over 5 years? Is his user name his IQ? Or is it one of our lot on a wind-up? To be fair to the idiot, Wes, what he says is actually correct. PFC 2010 Ltd (Newco) doesn't have a CVA, PCFC Ltd (Oldco) does. What Newco does have, as part of the agreement for Oldco to exit admin with it's CVA and then transfer it's "golden share" to Newco, is a legally-binding obligation to pay money to the liquidator of Oldco (Baker Tilley) to enable Baker Tilley to make the CVA payments to the creditors. At least that's how I see things. The interesting thing will be what happens if Newco doesn't make the scheduled payments to Baker Tilley on time. As I recall Baker Tilley were appointed at the insistence of HMRC. If, as the phew think, those payments will be made directly to BT from "ringfenced" parachute payments, then there is no problem (and, of course, no urgent need to find "new investment" before the deadline). All they would need is somebody to chuck in a few grand every now and then to make up any small shortfall that might arise in their monthly cashflow. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 18 January, 2012 Share Posted 18 January, 2012 To be fair to the idiot, Wes, what he says is actually correct. PFC 2010 Ltd (Newco) doesn't have a CVA, PCFC Ltd (Oldco) does. What Newco does have, as part of the agreement for Oldco to exit admin with it's CVA and then transfer it's "golden share" to Newco, is a legally-binding obligation to pay money to the liquidator of Oldco (Baker Tilley) to enable Baker Tilley to make the CVA payments to the creditors. At least that's how I see things. The interesting thing will be what happens if Newco doesn't make the scheduled payments to Baker Tilley on time. As I recall Baker Tilley were appointed at the insistence of HMRC. If, as the phew think, those payments will be made directly to BT from "ringfenced" parachute payments, then there is no problem (and, of course, no urgent need to find "new investment" before the deadline). All they would need is somebody to chuck in a few grand every now and then to make up any small shortfall that might arise in their monthly cashflow. Me thinks the blue few think that the parachute can be used for multi-tasking - e.g CVA after they've spunked it all on players. Again. It's what I like to call delusional behaviour. Such fun. Link to comment Share on other sites More sharing options...
trousers Posted 18 January, 2012 Share Posted 18 January, 2012 Me thinks the blue few think that the parachute can be used for multi-tasking - e.g CVA after they've spunked it all on players. Again. It's what I like to call delusional behaviour. Such fun. Has anyone got access to the Premier League rules for parachute payment utilisation? In other words, does the PL have strict regulations as to what a club can use the payments for or is it a 'no strings attached' arrangement? MLG? Link to comment Share on other sites More sharing options...
Gemmel Posted 18 January, 2012 Share Posted 18 January, 2012 The rest of the article......(it is early! lol).............Andronikou has confirmed he is hopeful of completing a deal soon, but would not specify with whom. If it is Cala, his involvement is likely to spark questions among Portsmouth’s embattled supporters. Cala’s publicly visible business record is not overwhelmingly successful, with the undersea casino project the most eye-catching of a number of ventures. On his website www.undersearesort.com, Cala claimed that his “undersea residences” would transform leisure travel. “The change will be so dramatic that it will be compared to the Wright Brothers and the birth of aviation,” he writes. The idea was to bring visitors face-to-face with the marine environment in $500 million (£325 million) luxurious glass-bottomed boats equipped with spas and casinos. Investors appear to have been less certain about the project’s potential than Cala. The Cala Corporation’s most recent filings to the Securities and Exchange Commission, filed in August last year, show an accumulated deficit of $14.3 million (£9.3 million) and raised “substantial doubts” about the company’s ability to operate as a going concern.” On Tuesday night, Cala dismissed concerns about his business background, claiming to have private wealth dating from his involvement in Japanese-backed hotel projects in Hawaii in the 1980s. Cala also said Chainrai would not have let negotiations reach such an advanced stage if he did not have the money to pay him off. “The undersea resorts was never more than a research and development project,” he said. “I do have money, I will be the sole investor in Portsmouth, and I have provided proof of funds of more than £20 million to the administrator. “In the 1980s I was a broker between banks and developers in Hawaii and I operated on a fee of 30 per cent of equity on successful projects. I was involved in major hotel developments including the Grand Wailea and the Western Maui.” Cala, who claims to have played for Inter Milan’s academy side before his family left Italy for the US, warned that he still has reservations about the Portsmouth deal, principally the wages paid to leading players. He said he would undertake massive cost-cutting exercise if he takes control, and will live and work full-time in Portsmouth as chief executive and president. “I am 90 per cent certain [about the deal] but I do have some reservations, mainly about the player contracts. It is my desire to close the deal as soon as possible. “Portsmouth have eight players who earn £1.1 million a month between them. That is in a league with an average budget of £8 million a year,” he said. “Without these eight players the club is healthy, in fact it would be profitable. “I will not come in and spend money just to prove I have it. I say to the fans, trust me, I will spend what we earn.” After five owners in less than 30 months, Portsmouth’s fans will reserve judgment. On Tuesday night Ashley Brown, the chairman of the Pompey Supporters Trust, said: “After everything that has happened to Portsmouth I would trust that the administrator and the Football League are able to do their due diligence so that we get a trustworthy owner at Fratton Park. That owner should have a clear and successful business background so that we understand how and where they made their money.” Link to comment Share on other sites More sharing options...
Wes Tender Posted 18 January, 2012 Share Posted 18 January, 2012 To be fair to the idiot, Wes, what he says is actually correct. PFC 2010 Ltd (Newco) doesn't have a CVA, PCFC Ltd (Oldco) does. What Newco does have, as part of the agreement for Oldco to exit admin with it's CVA and then transfer it's "golden share" to Newco, is a legally-binding obligation to pay money to the liquidator of Oldco (Baker Tilley) to enable Baker Tilley to make the CVA payments to the creditors. At least that's how I see things. The interesting thing will be what happens if Newco doesn't make the scheduled payments to Baker Tilley on time. As I recall Baker Tilley were appointed at the insistence of HMRC. If, as the phew think, those payments will be made directly to BT from "ringfenced" parachute payments, then there is no problem (and, of course, no urgent need to find "new investment" before the deadline). All they would need is somebody to chuck in a few grand every now and then to make up any small shortfall that might arise in their monthly cashflow. Agreed. That's how I remember it too. The idiot 12, was responding to somebody else, whose comment was the one in inverted commas. I took it to read that he thought that they did not have to pay off the CVA, because that was the obligation of Oldco. Speaking of Baker Tilley, I don't recall them issuing any report to say that the Skates had a clean bill of health in their financial dealings. As it has been almost a year since they began their investigations, why is it taking so long? Link to comment Share on other sites More sharing options...
dubai_phil Posted 18 January, 2012 Share Posted 18 January, 2012 Oh dear. So JoCa's big plan is rumbled straight away. He's going to come in and breach all known UK, EU, UEFA and FIFA regulations regarding Contracts. Someone should have a word - for the sake of the few decent fans they have left. Oh and he's got 20 million. How wonderful. Let's see. 17.8mil at Chinny's 20% interest is Oh 20mil Link to comment Share on other sites More sharing options...
Kingsland Red Posted 18 January, 2012 Share Posted 18 January, 2012 Mr Cala, if you read this thread, as I am sure all aspiring Pompey owners do to research the facts - this is a bona fide business man, read his comments about taking on football club debt: http://news.bbc.co.uk/sport1/hi/football/16597529.stm Link to comment Share on other sites More sharing options...
dubai_phil Posted 18 January, 2012 Share Posted 18 January, 2012 Ashley Brown, the chairman of the Pompey Supporters Trust, said: “After everything that has happened to Portsmouth I would trust that the administrator and the Football League are able to do their due diligence so that we get a trustworthy owner at Fratton Park. That owner should have a clear and successful business background so that we understand how and where they made their money Uh NO Sorry Ashley, not a hope in hell. The ONLY criteria will be MONEY. It CANNOT be anything else. The FL have specific published criteria in regard to their FAPPT. ANY potential investor who meets THOSE criteria and yet who the FL "don't like the look of" could sue the ass off the FL if they were barred from ownership by something that was NOT in the rules. UNTIL the FAPPT regulations are changed, it cannot happen that way (Even though of course, it SHOULD) Link to comment Share on other sites More sharing options...
saint lard Posted 18 January, 2012 Share Posted 18 January, 2012 A message from Brian Howe,one of the prospective bidders.......... Portsmouth Football club update.......Vince and I have been waiting since last week for paperwork we required to make an educated bid for the club. From what I understand a deal has now been done with the preferred bidder. I might suggest that the person/people concerned were the only bidders as I don't think anyone else was sent the required paperwork either. I am a Pompey fan first and foremost and I am worried that there never was a chance of anyone really buying the club unless Mr Chanrai was involved. I hope I am wrong but I am looking into it.........stay tuned. Link to comment Share on other sites More sharing options...
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