dubai_phil Posted 20 January, 2012 Share Posted 20 January, 2012 Cala or the abyss hahahahahahahahahhahahahahahahahhahahahahahahhahah ahahahhahahahahhahaaaaaaaaahahahahahahahahaha Frankly I'd take the abyss http://www.youtube.com/watch?feature=player_detailpage&v=lJyRF0Fzl9Y Hahaha The man with Undersea Casino's and The Abyss Link to comment Share on other sites More sharing options...
Torres Posted 20 January, 2012 Share Posted 20 January, 2012 "Mr Cala revealed that if he takes over the club he plans to merge Pompey with a company in the USA. Mr Cala said the merged company will operate as Pompey. But he added he could not legally disclose the private firm he plans to merge with." Could that legal reason be that it doesn't actually exist other than in his crazy head? And the idea of Brian Howe demanding an investigation into AA's conduct - investigation by who, exactly? Link to comment Share on other sites More sharing options...
sussexsaint Posted 20 January, 2012 Share Posted 20 January, 2012 (edited) not the precious attendances! Surely they will attract a whole new audience though Edited 20 January, 2012 by sussexsaint Link to comment Share on other sites More sharing options...
Sevvy Posted 20 January, 2012 Share Posted 20 January, 2012 "Mr Cala revealed that if he takes over the club he plans to merge Pompey with a company in the USA.Mr Cala said the merged company will operate as Pompey. But he added he could not legally disclose the private firm he plans to merge with." Could that legal reason be that it doesn't actually exist other than in his crazy head? And the idea of Brian Howe demanding an investigation into AA's conduct - investigation by who, exactly? Fantasy island or disney land, Link to comment Share on other sites More sharing options...
OldNick Posted 20 January, 2012 Share Posted 20 January, 2012 Talk of the devil... @pn_Rory_McKeown: Joseph Cala tells The News he is holding a conference call meeting with the Football League today. Hold tight folks....I've got a hunch it's going to be 'one of those days'.... I suspect he will be saying that you waive the points penalty or he pulls out and then the club will go out of business. It is how the club have operated for the last couple of years. They know that the PL and FL will do anything to stop a club going out of business during a season as that causes chaos. Like ESB , and now Steve Wilson I have also banged on about the football authorities not wanting the can of worms opened. The tentacles of corruption and cash payments could go to the most senior people in world football. Too much money went missing. Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 Why would Bad Company want to put good money into JoCa's sinking funds ? Might be worth a quick check to see if there's a "Mr Howe" on the list of Cala Corporation shareholders...I don't recall seeing as such when having a butcher's at Cala's SEC reports but you never know... Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 Was anyone thinking that this Cala malarkey wasn't rocket science? Well, you'd be mistaken.... http://www.spaceref.com/news/viewpr.html?pid=2732 World's Leading Space Engineer, Maxwell W. Hunter, to Serve as Chairman of Advisory Board for Cala Corporation's Undersea Hotel Project Posted Monday, October 2, 2000 John P. Del Favero, President of the Advisory Board for the Undersea Hotel Project of the Cala Corporation announced today that he has recruited Maxwell W. Hunter to serve as Chairman of the Advisory Board for Cala Corporation's Undersea Hotel Project. Hunter's initial objective will be ``to guide the recruiting efforts to build a team of world-class experts from various engineering and scientific disciplines for service on the Advisory Board.'' When asked why the world's leading rocket designer and space engineer would join an undersea hotel and resort project as he nears his retirement years, Hunter said: ``I spent four decades cultivating project development money from U.S. Presidents and the Congress in order to build advanced space systems designed to protect our American way of life and to explore the vast ocean of space. ``At this stage in my life -- and the state of the world -- I am quite content to assume a leadership role in an international, pro-environment, marine-tourism project that can spread the word about the beauty of earth's oceans and allow tourists to enjoy the exploration of marine life in a fascinating new way.'' Maxwell W. Hunter spent over four decades in the aerospace industry, during which he was a Presidential Advisor on U.S. National Space Policy and the recipient of a NASA Public Service medal for ``the definition and promotion of the Space Shuttle and its utilization.'' During two decades of work at Douglas Aircraft Company, as Chief Missiles Design Engineer and, later, Chief Engineer of Space Systems, he was responsible for the design of the Thor and Nike-Zeus rockets, as well as the engineering of all Douglas space efforts, including the highly reliable Delta launch vehicle and the Saturn S-IV stage of the Apollo moon rocket program. Hunter later spent more than two decades working for Lockheed Missiles and Space Company, where he was the program manager of the Hubble Space Telescope during the creation of the design. In the early 1990's, Hunter was instrumental in convincing the White House and Congress to finance the development of an operational prototype of the world's first fully reusable rocket, the DC-X, which was successfully flown a dozen times at White Sands, New Mexico, by the McDonnell Douglas Corporation. Hunter briefly commented on the economic prospects of the Cala Corporation Undersea Hotel Project. ``Adventure tourism and eco-tourism are emerging growth areas on the leading edge of the global tourism industry. This type of marine tourism experience combines the best of both of these fast-growing tourism markets. This is a savvy business move by a proven businessman with experience in developing and profitably operating five-star hotel and resort properties in Europe, America, and the Pacific Rim, Mr. Joseph Cala.'' Hunter's legendary design philosophy of elegant simplicity came through in his comments on the engineering challenges faced by this advanced marine tourism project: ``There are intriguing parallels between engineering orbital life support structures and an undersea resort complex. Both involve designing habitats for securely sustaining human life in a sealed pressure environment. In both cases, one needs to design prefabricated components that need to be transported to the local environment and then modularly connected in a pressure medium that requires maximum safety measures during construction. ``These operating habitats also require dynamic station-keeping mechanisms to maintain the location and equilibrium of the structures in the face of gravitational and dynamic external forces. Lastly, in both marine and space habitats, it is imperative to build-in redundancy and operational safety in all vital structural and life support systems.'' Hunter added: ``What I bring to the Cala Undersea Hotel Project is good ol' fashioned American ingenuity and the cold-blooded engineering rationality that a project with this type of risk-reward ratio requires. I'm confident that the Advisory Board we build can effectively counsel the designers, engineers, and contractors on this project to foresee and work around the inevitable trouble spots of such a novel project. ``The synergy created by having an optimal mixture of world-class marine and space engineers from various disciplines will provide tremendous guidance to this project.'' Hunter concluded with some thoughts on the role of the Undersea Hotel Project Advisory Board: ``Our prime objective will be to produce a futuristic tourism experience that will ensure the safety and pleasure of both our human and marine visitors as well as a uniquely profitable investment experience for Cala Corporation's shareholders.'' Hunter graduated with an A.B. degree in Physics and Mathematics from Washington and Jefferson College and an M.S. degree in Aeronautical Engineering from the Massachusetts Institute of Technology. He also attended the Advanced Management Program of the Harvard Business School. He is Phi Beta Kappa, Tau Beta Pi, and a Fellow of the American Institute of Aeronautics and Astronautics, the American Astronautical Society, and British Interplanetary Society. He is also a member of the International Academy of Astronautics and an honorary member of the Japanese Rocket Society. He also received the Werhner von Braun Memorial Award of the National Space Society for ``lifelong contributions to the fields of rockets, missiles and spaceflight.'' He has authored over five dozen technical papers, including ``Are Technological Upheavals Inevitable?,'' published in the Harvard Business Review, and a rocket propulsion textbook titled ``Thrust Into Space.'' About Cala Corporation Cala Corporation is an expanding global hospitality company headquartered in San Francisco/Silicon Valley with offices in Oklahoma City. For more information about the Cala Corporation, visit http://www.calacorporation.com or call 405/235-4960. The information in this news release includes certain forward-looking statements as defined in the ``Safe Harbor'' provision of the Private Securities Litigation Reform Act of 1995. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. Contact: Cala Corporation, Oklahoma City 405/235-4960 www.calacorporation.com Link to comment Share on other sites More sharing options...
dubai_phil Posted 20 January, 2012 Share Posted 20 January, 2012 "Mr Cala revealed that if he takes over the club he plans to merge Pompey with a company in the USA. Ha we didn't see that one coming either. Poopey to join MLS as first European Expansion Franchise. Wonder how many they'll take to their away games? FL will be OVERJOYED to be rid of them Link to comment Share on other sites More sharing options...
tony13579 Posted 20 January, 2012 Share Posted 20 January, 2012 or he could own/buy a shell company for a reverse takeover ... http://www.mergernetwork.com/index/public-shell-companies-for-sale/ Link to comment Share on other sites More sharing options...
Joey-deacons-left-nut Posted 20 January, 2012 Share Posted 20 January, 2012 Ha we didn't see that one coming either. Poopey to join MLS as first European Expansion Franchise. Wonder how many they'll take to their away games? FL will be OVERJOYED to be rid of them It's just a way to float the club more easily.. Link to comment Share on other sites More sharing options...
dubai_phil Posted 20 January, 2012 Share Posted 20 January, 2012 It's just a way to float the club more easily.. Was just wishful thinking.... You can see Beverly Hills finest turning up with the Galaxy spectators and saying...... WTF Link to comment Share on other sites More sharing options...
eurosaint Posted 20 January, 2012 Share Posted 20 January, 2012 In the News article previously quoted, they make no secret of the fact that Cala is negotiating directly with Portpin http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_to_meet_with_football_league_over_pompey_deal_1_3438794?commentssort=1&commentspage=3#commentsSection. I may be naive but surely Chanrai is purely a creditor of CSI (albeit with a charge over some of it's former assets!) and if his company is negotiating separately, this demonstrates that Portpin is being shown favour over all other parties ! This cannot be legal, surely ?? Link to comment Share on other sites More sharing options...
Torres Posted 20 January, 2012 Share Posted 20 January, 2012 Portpin retained a charge over PFC even after they were "sold" to CSI (even though our resident toy salesman swore blind that wasn't the case) so I guess it's possible that any potential owner may well be dealing with Portpin... Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 http://www.corporationwiki.com/Florida/Fort-Myers-Beach/playuppompey-llc/36085124.aspx Link to comment Share on other sites More sharing options...
Wibble Posted 20 January, 2012 Share Posted 20 January, 2012 Just sent a text to AA's mobile ( 07899792504) "Hi Mr Andronikou, please tell me that PFC will be saved by Mr Cala soon - I might be the only one but I like his vision for PFC or are there others interested? Thanks" Got an instant reply saying "Doing our very best" Link to comment Share on other sites More sharing options...
dubai_phil Posted 20 January, 2012 Share Posted 20 January, 2012 http://www.corporationwiki.com/Florida/Fort-Myers-Beach/playuppompey-llc/36085124.aspx Dude. You are totally wasted in Banking Link to comment Share on other sites More sharing options...
Lord Duckhunter Posted 20 January, 2012 Share Posted 20 January, 2012 Sky sports news reporting a new signing. Link to comment Share on other sites More sharing options...
Goalie66 Posted 20 January, 2012 Share Posted 20 January, 2012 I think this guy has got it spot on from the "News" bluelagoon Friday, January 20, 2012 at 09:36 AM Our Pompey was wounded by former owners, but supporters didn't want to believe how badly - we thought it could possibly be saved by a new and decent owner. In fact it was probably wounded too deeply, like a ship on which they are still singing and dancing, but which is massively holed beneath the waterline. It has taken a few years fro the full extent of the damage to become evident. What we are now seeing is a plan to re-organize the deck-chairs by a would-be new master who is haggling with Portpin over their price. Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 (edited) Dude. You are totally wasted in Banking Not completely wasted....I did get a knighthood out of it... Yours F. Goodwin (Sir) Edited 20 January, 2012 by trousers Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 20 January, 2012 Author Share Posted 20 January, 2012 In the News article previously quoted, they make no secret of the fact that Cala is negotiating directly with Portpin http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_to_meet_with_football_league_over_pompey_deal_1_3438794?commentssort=1&commentspage=3#commentsSection. I may be naive but surely Chanrai is purely a creditor of CSI (albeit with a charge over some of it's former assets!) and if his company is negotiating separately, this demonstrates that Portpin is being shown favour over all other parties ! This cannot be legal, surely ?? I think your last sentence sort of sums up this whole thread in a nutshell Link to comment Share on other sites More sharing options...
SNSUN Posted 20 January, 2012 Share Posted 20 January, 2012 You'd have a hard job finding a decent picture of this sh1thole. SOmething like this would work... Link to comment Share on other sites More sharing options...
Gingeletiss Posted 20 January, 2012 Share Posted 20 January, 2012 Not completely wasted....I did get a knighthood out of it... Yours F. Goodwin (Sir) I hear not for much longer, just Freddie Link to comment Share on other sites More sharing options...
Gemmel Posted 20 January, 2012 Share Posted 20 January, 2012 I understand that the football leagues meeting is today. Fingers crossed. Link to comment Share on other sites More sharing options...
Joey-deacons-left-nut Posted 20 January, 2012 Share Posted 20 January, 2012 Do you reckon , Cala will be dialing in, with all the football league bods sat round a table, giggling like school children? Link to comment Share on other sites More sharing options...
Ken Tone Posted 20 January, 2012 Share Posted 20 January, 2012 Do you reckon , Cala will be dialing in, with all the football league bods sat round a table, giggling like school children? He is Scilian isn't he? I think that as long as he offers them a free holiday in an underseas hotel, they'll all smile sweetly and agree to whatever he wants. Especially if he mentions concrete boots in the same context. Link to comment Share on other sites More sharing options...
Gemmel Posted 20 January, 2012 Share Posted 20 January, 2012 I would imagine the Fl, will force Cara to put funds into an escrow account or something similar.... that shoudl scupper the deal Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 Solent Sport just tweeted that Cala's pulling out unless it's completed by 5pm today. More brinkmanship with the Football League.... They'll be chewing on their gills down Poopey Way... Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 More from Solent... Italian businessman Joseph Kala tells us that a planned conference call with Football League has been postponed until Monday Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 20 January, 2012 Share Posted 20 January, 2012 Solent Sport just tweeted that Cala's pulling out unless it's completed by 5pm today. More brinkmanship with the Football League.... They'll be chewing on their gills down Poopey Way... Lol. Since there are NO other bidders, that just leaves Chinny to take over the reins again or toast it is! However, I once told Mrs WSS that I was gonna pull out, but that was a lie too Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 More from Solent... Joint-administrator Andrew Androniku says cashflow at club remains a grave issue and the short term is critical. Get the bread out... Link to comment Share on other sites More sharing options...
Torres Posted 20 January, 2012 Share Posted 20 January, 2012 Cashflow a grave issue? I for one am surprised at this news. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 Hahaha...you couldn't make it up. More Solent... Administrator Andrew Androniku says Joseph Kala's decison to go public on bid to buy club is 'extraordinary' and 'disappointing' Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 BBC Solent Sport (@solentsport) 1/20/12 12:00 PM #pompey Administrator Andrew Androniku says Joseph Kala's decison to go public on bid to buy club is 'extraordinary' and 'disappointing' Link to comment Share on other sites More sharing options...
DS Posted 20 January, 2012 Share Posted 20 January, 2012 Hahaha...you couldn't make it up. More Solent... Administrator Andrew Androniku says Joseph Kala's decison to go public on bid to buy club is 'extraordinary' and 'disappointing' He forgot to add 'hilarious'. Link to comment Share on other sites More sharing options...
pedg Posted 20 January, 2012 Share Posted 20 January, 2012 Cashflow a grave issue? I for one am surprised at this news. my guess is there are currently surviving on their share of the FA cup match against Chelsea Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 solentsport BBC Solent Sport #pompey Joseph Cala, the Italian planning to buy the club has threatened to pull out unless a deal can be struck by 5pm on Friday 56 seconds ago Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 From Tony Husband... The pivitol 48 hours from Monday now appears to extend into next week. Administrator now saying more than one bidder still at table. From Loz Just spoken to CSI administrator Andrew Androniku. No preferred bidder to buy #football club. Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 More from Solent... Joint-administrator Andrew Androniku says cashflow at club remains a grave issue and the short term is critical. Get the bread out... I still fail to understand how a company (let's call them 'Portsmouth Football Club 2010' for argument's sake) that one minute is totally fine financially and then suddenly and coincidently becomes financially 'critical' straight after its parent company goes into administration. Doesn't that suggest that it was totally reliant on its parent company, i.e. "one economic entity"...? (That was a question posed by the 'Scratched Record Rhetorical Question' Party) Link to comment Share on other sites More sharing options...
Guided Missile Posted 20 January, 2012 Share Posted 20 January, 2012 The news just keeps getting better and better.... [h=3]Harry In Court Monday - Maximum Penalty? Life Imprisonment[/h] Redknapp is to face trial accused of tax evasion relating to his time as manager of Portsmouth Football Club. The trial is due to start Monday 23rd January, and is likely to last for two weeks. Two payments totalling $295,000 (about £183,000) were allegedly made by Mr Mandaric to a Monaco bank account opened by Mr Redknapp, apparently linked to a bonus scheme where Redknapp was given a small percentage of any profits from transfers... the moral implications notwithstanding, that last bit isn't actually linked to the charge. The prosecution allege that these payments were concealed in order to avoid the income tax and national insurance contributions for which the club was liable, as his employer, to pay. Redknapp has entered a plea of not guilty. When dealing with serious tax evasion, the CPS often prefer to charge a suspect with the common law offence of cheating the public revenue. Cheating the public revenue must be tried in the Crown Court and cannot be tried in the magistrates’ court. On conviction, the maximum penalty that can be imposed is life imprisonment and/or an unlimited fine. Any sentence or fine is based on the seriousness and amount and is decided upon by the judge, but imprisonment of around two years is apparently the likely outcome as for the past few years the CPS have been cracking down on this offence and preferring jail time over fines. If however he is found guilty and given a fine instead of jail, would his position as Tottenham manager become untenable? Levy has always declined to comment on the matter, saying that it is a private matter, but it would be hard to imagine Levy wanting the media spearhead of Tottenham Hotspur to be one with a criminal record. It might make his job of acquiring funding for the new stadium that little bit more difficult. Of course, the outcome, sentence and implications for Spurs is all conjecture and Harry is innocent until proven guilty. So let's hope he's proven innocent and continues to take us onwards upwards, because whatever you think of Redknapp, there is no doubt that removing him from the managers position will have a serious effect on the morale of our team and key players who have cited Redknapp as the key to their enjoyment of football at Spurs. I'd hate our title charge to stay alive on the pitch only to be torn apart off it. Link to comment Share on other sites More sharing options...
dubai_phil Posted 20 January, 2012 Share Posted 20 January, 2012 Tick tock Now, which Friday was that 5PM on? Or should we read that as - "Look, do the deal now before the FL have had time to read that TSW thread and learn more about me" Link to comment Share on other sites More sharing options...
OldNick Posted 20 January, 2012 Share Posted 20 January, 2012 they turned down £1m for 2 players a few days ago. They cannot be that close to folding. It is all a game to get the FL to waive the points penalty. They have them by the short and curlies, they know that if 10 points is deducted the club will be double worthless. The league will argue that it is the 'football family' lol and so we have to stand together etcetc etc Link to comment Share on other sites More sharing options...
tony13579 Posted 20 January, 2012 Share Posted 20 January, 2012 Lets face it the club will be worth nothing in a few days. BC wants his money back , but he will have to take a reduction or it will go the way of north one sport. The only "assett" will disapear into nothing. PFC newco will have to go into admin to protect them from thier creditors and if they hit the courts they could be wound up. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 The news just keeps getting better and better.... [h=3]Harry In Court Monday - Maximum Penalty? Life Imprisonment[/h] Redknapp is to face trial accused of tax evasion relating to his time as manager of Portsmouth Football Club. The trial is due to start Monday 23rd January, and is likely to last for two weeks. Two payments totalling $295,000 (about £183,000) were allegedly made by Mr Mandaric to a Monaco bank account opened by Mr Redknapp, apparently linked to a bonus scheme where Redknapp was given a small percentage of any profits from transfers... the moral implications notwithstanding, that last bit isn't actually linked to the charge. The prosecution allege that these payments were concealed in order to avoid the income tax and national insurance contributions for which the club was liable, as his employer, to pay. Redknapp has entered a plea of not guilty. When dealing with serious tax evasion, the CPS often prefer to charge a suspect with the common law offence of cheating the public revenue. Cheating the public revenue must be tried in the Crown Court and cannot be tried in the magistrates’ court. On conviction, the maximum penalty that can be imposed is life imprisonment and/or an unlimited fine. Any sentence or fine is based on the seriousness and amount and is decided upon by the judge, but imprisonment of around two years is apparently the likely outcome as for the past few years the CPS have been cracking down on this offence and preferring jail time over fines. If however he is found guilty and given a fine instead of jail, would his position as Tottenham manager become untenable? Levy has always declined to comment on the matter, saying that it is a private matter, but it would be hard to imagine Levy wanting the media spearhead of Tottenham Hotspur to be one with a criminal record. It might make his job of acquiring funding for the new stadium that little bit more difficult. Of course, the outcome, sentence and implications for Spurs is all conjecture and Harry is innocent until proven guilty. So let's hope he's proven innocent and continues to take us onwards upwards, because whatever you think of Redknapp, there is no doubt that removing him from the managers position will have a serious effect on the morale of our team and key players who have cited Redknapp as the key to their enjoyment of football at Spurs. I'd hate our title charge to stay alive on the pitch only to be torn apart off it. This is relevant...come on HMRC!!!! http://www.sportingintelligence.com/2012/01/13/hmrc-aim-to-give-elite-football-%E2%80%9Ca-good-kicking%E2%80%9D-on-tax-after-evasion-tip-off-130101/ Link to comment Share on other sites More sharing options...
Torres Posted 20 January, 2012 Share Posted 20 January, 2012 (edited) At the point in time that CSI were placed into Admin, PFC and CSI were not inextricably linked as single economics entities. CSI owning a NOS was enough to show that. The subsequent collapse of NOS and PFC's current financial situation doesn't change that. That's why we haven't yet seen a points deduction because of CSIs Admin. However, it seems clear that if PFC don't get some cash in pretty bloody quickly, they'll have an "Insolvency Event" event all of their own and will see their points tally rapidly reduced. Of course, all this is written with the fact in mind that the FL can pretty much do as they please - they always have the threat of withdrawing the golden share to dissuade any legal challenge to any decision they make. Edited 20 January, 2012 by Torres Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 This is relevant...come on HMRC!!!! http://www.sportingintelligence.com/2012/01/13/hmrc-aim-to-give-elite-football-“a-good-kicking”-on-tax-after-evasion-tip-off-130101/ "Next week sees HMRC take on Glasgow giants Rangers in court over previously used employee benefits trusts (EBT) to pay players. In what is seen as a test case, HMRC are aggressively chasing £35m from the club. If they lose the three-day case, Rangers face a potentially crippling bill of £49m (including penalties), while the taxman would effectively be given a green light to chase other clubs who have used the tax avoidance scheme." They forgot to add....."But on past experience (Porstmouth Football Club) HMRC will clutch defeat from the jaws of victory thus leaving the club to get away with it" Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 TonyHusbandTV Tony Husband #pompey Pivotol 48 hours from Monday now appears to extend into next week. Administrator now saying more than one bidder still at table. 30 seconds ago Link to comment Share on other sites More sharing options...
Kingsland Red Posted 20 January, 2012 Share Posted 20 January, 2012 TonyHusbandTV Tony Husband #pompey Pivotol 48 hours from Monday now appears to extend into next week. Administrator now saying more than one bidder still at table. 30 seconds ago Ah, 'Mystery bidders pulled off the street as JoCa spends the weekend looking for some money' headline. Hang on in there Old Nick ! Link to comment Share on other sites More sharing options...
Doctoroncall Posted 20 January, 2012 Share Posted 20 January, 2012 From the beeb, with some interesting remarks: A businessman trying to buy Portsmouth has threatened to withdraw from the process by the end of the day in a dispute over the terms of the sale. Italian businessman Joseph Cala says he has yet to agree terms with the club's major creditor Portpin, controlled by former owner Balram Chainrai. Cala told BBC Radio Solent a planned conference call with the Football League today has been postponed. That call will take now take place on Monday if his bid proceeds. Meanwhile the administrator handling the sale of the club has described Cala's decision to speak publicly about his bid as both "extraordinary and disappointing." Andrew Andronikou is not expecting to finalise a deal until next week, and although earlier this week he told BBC Sport there was a preferred bidder, he now says two or three parties remain in contention. Pompey's parent company, Convers Sport Initiatives entered administration in November, forcing the Championship club to search for new owners. There is an urgency to complete a deal, as investment is needed if Portsmouth are to meet ongoing running costs. BBC South understands any purchaser would need to provide £12m as proof of funds, and assurances they could meet another £20m in repayments to former creditors, Chainrai and Alexandre Gaydamak. Only one potential buyer has gone public in the process, Italian-American Cala. Portsmouth's chief executive David Lampitt last week told BBC Radio Solent he had been left "gutted" by the club's latest financial crisis. Andronikou acted as an administrator at Fratton Park in 2010 and has been involved in a similar role with CSI. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 From the beeb, with some interesting remarks: A businessman trying to buy Portsmouth has threatened to withdraw from the process by the end of the day in a dispute over the terms of the sale. Italian businessman Joseph Cala says he has yet to agree terms with the club's major creditor Portpin, controlled by former owner Balram Chainrai. Cala told BBC Radio Solent a planned conference call with the Football League today has been postponed. That call will take now take place on Monday if his bid proceeds. Meanwhile the administrator handling the sale of the club has described Cala's decision to speak publicly about his bid as both "extraordinary and disappointing." Andrew Andronikou is not expecting to finalise a deal until next week, and although earlier this week he told BBC Sport there was a preferred bidder, he now says two or three parties remain in contention. Pompey's parent company, Convers Sport Initiatives entered administration in November, forcing the Championship club to search for new owners. There is an urgency to complete a deal, as investment is needed if Portsmouth are to meet ongoing running costs. BBC South understands any purchaser would need to provide £12m as proof of funds, and assurances they could meet another £20m in repayments to former creditors, Chainrai and Alexandre Gaydamak. Only one potential buyer has gone public in the process, Italian-American Cala. Portsmouth's chief executive David Lampitt last week told BBC Radio Solent he had been left "gutted" by the club's latest financial crisis. Andronikou acted as an administrator at Fratton Park in 2010 and has been involved in a similar role with CSI. AA's bluffing. Link to comment Share on other sites More sharing options...
Torres Posted 20 January, 2012 Share Posted 20 January, 2012 Presumably the dispute is AA/Portpin/Chanrai demanding to see that JoCa has the cash and JoCo, not surprisingly, refusing to do so. Link to comment Share on other sites More sharing options...
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