Gemmel 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. I think cara thought all the figures quoted were in Lira and the 20 million lira he has proof of funds for, actually equates to four pounds and fifty pence. Link to comment Share on other sites More sharing options...
Danish Saint Posted 20 January, 2012 Share Posted 20 January, 2012 How long untill pay-day? :-) This really feels like the end of PFC. They really need a 11th hour saviour right now, but with all the debts and outstanding loans and previous owners hanging around the carcass, the only people mental enough to even look at Portsmouth are the ones without any money, but only a desire to get their name in the papers. All this coming from AA at the moment, is nothing but b*llocks. He's stalling for time and trying to keep the few hoping for a solution. No-one in their right mind, would throw that much money into such a dying club. Just to clear the debts to previous owners is a herculian task at best, not to mention you'll be dealing with Gaydamack and Chanrai, who are only interested in getting paid. It's time to dismantle Fratton Park, sell what remains and look to a new beginning at Moneyfields. Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 Link to comment Share on other sites More sharing options...
Saint-scooby Posted 20 January, 2012 Share Posted 20 January, 2012 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 AA is a "fica", and well dodgy. ....... Link to comment Share on other sites More sharing options...
holepuncture Posted 20 January, 2012 Share Posted 20 January, 2012 How long untill pay-day? :-) This really feels like the end of PFC. They really need a 11th hour saviour right now, but with all the debts and outstanding loans and previous owners hanging around the carcass, the only people mental enough to even look at Portsmouth are the ones without any money, but only a desire to get their name in the papers. All this coming from AA at the moment, is nothing but b*llocks. He's stalling for time and trying to keep the few hoping for a solution. No-one in their right mind, would throw that much money into such a dying club. Just to clear the debts to previous owners is a herculian task at best, not to mention you'll be dealing with Gaydamack and Chanrai, who are only interested in getting paid. It's time to dismantle Fratton Park, sell what remains and look to a new beginning at Moneyfields. Good point well made Bacon. Why would somebody with an honest fortune hand it all over to Chainrai and Gadymack and then have to pump in millions after millions to sevice a crumbling liability of a stadium? Why would a good person do that? If you had 10/20/40 million £££s, would you give it all to a bunch of crooks with seriously shady backgrounds just for the pleasure of burning cash at Fratton. Pompeys only solution is a reverse takeover from an underwater casino (that dont exist), that has just merged with some has-been band member - this solution will will lump another £14m of the crusty krabs debt onto the skates Looking back on the Russian mafia, you can see why that may have been pompeys last chance to survive in the NPC without going bust again. As mentioned above, the only kind of people that would hand over a fortune to shady characters with seriously dodgy backgrounds are people who are shady characters with seriously dodgy backgrounds! ie, the only kind of cash that worked was criminal proceedings - stolen money from the lithuanian and latvian public this time round. and have the charities and sub £2.5k creditors seen a penny yet? NO, and that is very telling. So Moneyfields really is the only way pompey fans can have a fresh start and a bright future - tough, but fair. I have proof of funds ready for my conference call, look ... its 5pm and I dont own plucky pompey, somebody else can turn out the lights PMSL Link to comment Share on other sites More sharing options...
tony13579 Posted 20 January, 2012 Share Posted 20 January, 2012 (edited) Italian businessman Joseph Cala says AA is a "fica", and well dodgy. ....... http://en.wiktionary.org/wiki/fica =c*nt , Pu$$y Edited 20 January, 2012 by tony13579 Link to comment Share on other sites More sharing options...
Joey-deacons-left-nut Posted 20 January, 2012 Share Posted 20 January, 2012 A businessman trying to buy Portsmouth has threatened to withdraw from the process by the end of the day in a dispute over the terms of the sale. Italian businessman Joseph Cala says AA is a "fica", and well dodgy. ....... I don't care about any of that, who the hell is that in your avatar and has she made any films??? Link to comment Share on other sites More sharing options...
buctootim Posted 20 January, 2012 Share Posted 20 January, 2012 (edited) http://en.wiktionary.org/wiki/fica =c*nt , Pu$$y So Cala thinks AA is a cu nt. This guy is sharper than we've given him credit for.... or maybe he means "dish, babe, fox, doll". Edited 20 January, 2012 by buctootim Link to comment Share on other sites More sharing options...
RedWillie Posted 20 January, 2012 Share Posted 20 January, 2012 and this character is the 'preferred' bidder. Poor Old Pomp*y Link to comment Share on other sites More sharing options...
RedWillie Posted 20 January, 2012 Share Posted 20 January, 2012 Fratton park is falling down, falling down, falling down Fratton park is falling down Poor old Pompey ! Link to comment Share on other sites More sharing options...
RedWillie Posted 20 January, 2012 Share Posted 20 January, 2012 build it up with Red & White...... Link to comment Share on other sites More sharing options...
sussexsaint Posted 20 January, 2012 Share Posted 20 January, 2012 build it up with Red & White...... Link to comment Share on other sites More sharing options...
dubai_phil Posted 20 January, 2012 Share Posted 20 January, 2012 and this character is the 'preferred' bidder. Poor Old Pomp*y Yeah, another of the reasons we had to close this thread some 100 pages back.... Great isn't it. Meanwhile back at the game.. So I fancy owning a football club. I've got 5 or 10 mil. Poopey is now an easy game. I wait and wait and wait and wait and then boosh buy them for a pound, pay Chinny & Sacha nothing and go Ground share with Brighton (at the Withdean obviously due to the fantastic support) Simples. Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 matthewbrown Matthew Brown Joseph Cala has withdrawn his bid to buy #Pompey via @pn_rory_mckeown. More soon at Portsmouth.co.uk 1 minute ago Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 pn_neil_allen Neil Allen So Cala has pulled out. Never convinced anyway on paper and in speech. Question remains - who will buy #Pompey instead? Sale needed soon. 5 minutes ago Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 :lol: Which is why Andronikou was trying to discredit Cala earlier. It isn't rocket science. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 @pn_Emma_Judd Emma Judd Calling all local business people. Got a few million to spare? Community football club needs your help. #Pompey A FEW MILLION?! Christ on a bike. Nothing like overlooking when the car's got a seized engine. Yes my dear, the same 'community club' that screwed local traders and charities. On yer bike. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 Andrew Andronikou's watching this right now, looking for tips on how he can present Poopey's future. http://www.youtube.com/watch?v=zJv5qLsLYoo Link to comment Share on other sites More sharing options...
sussexsaint Posted 20 January, 2012 Share Posted 20 January, 2012 They really are royally f*cked now aren't they? Adds yet more credence to the skate poster who said that the preferred bidder had pulled out earlier in the week due to problems with the land and ground, leaving just the JoCa left. I presume the FL meeting is still going on re the 10 points - fingers crossed as that really would be the final final nail in the coffin Link to comment Share on other sites More sharing options...
Kingsland Red Posted 20 January, 2012 Share Posted 20 January, 2012 The News has caught up: http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_withdraws_his_bid_to_buy_pompey_1_3442323 Link to comment Share on other sites More sharing options...
tony13579 Posted 20 January, 2012 Share Posted 20 January, 2012 '''' Link to comment Share on other sites More sharing options...
Frank's cousin Posted 20 January, 2012 Share Posted 20 January, 2012 Solution? Best one I can see is if Limpett calls in the administrators and PompeyNew Co goes into admin... -20 odd points probably but its the only way to get rid of some of the debt... Pompey New co only owe CSI 10.8mil, - if in admin that would be reduced under a new CVA. The parachute payments will just about cover the existing CVA, so we can forget about that. As CSI did not pay Chinny his 17 mil, in effect Chinney now owns Pompey... but that 17 mil is not really a pompey debt I would imgaine as its the money CSI should have paid Chinney for PFCnewCo and not loans from Chinney to PFC? (Pls correct if i am wrong) So Chinney would be left with a club not worth very much and looking to sell, he might get a pound. That leave Gaydamrk and his few mil owed ? how much in total as a secured creditor from the last admin? So, realistically, Admin would at least mean Chinney has to accept alot less and teh debt burden would be reduced, provided they can get CSI to agree to 20p in the pound... they could get out of it with only having debts of around 4-5 mil, albeit in L1, and with no squad... but it would be better than liquidation... question is how much dioes chinney want and what would he be prepared to accept to walk away once and for all... ...whatever the truth, its a right feckin mess... but as they used to say in primary school, ''cheats seldom prosper''... Link to comment Share on other sites More sharing options...
Gemmel Posted 20 January, 2012 Share Posted 20 January, 2012 I think that signing yesterday (eithu or whatever) was lumpitts last defiant stand against chanarai. I think he will be gone soon. Just out of interest, can lumpitt call in the adminsistrators as a non shareholder? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 Solution? Best one I can see is if Limpett calls in the administrators and PompeyNew Co goes into admin... -20 odd points probably but its the only way to get rid of some of the debt... Pompey New co only owe CSI 10.8mil, - if in admin that would be reduced under a new CVA. The parachute payments will just about cover the existing CVA, so we can forget about that. As CSI did not pay Chinny his 17 mil, in effect Chinney now owns Pompey... but that 17 mil is not really a pompey debt I would imgaine as its the money CSI should have paid Chinney for PFCnewCo and not loans from Chinney to PFC? (Pls correct if i am wrong) So Chinney would be left with a club not worth very much and looking to sell, he might get a pound. That leave Gaydamrk and his few mil owed ? how much in total as a secured creditor from the last admin? So, realistically, Admin would at least mean Chinney has to accept alot less and teh debt burden would be reduced, provided they can get CSI to agree to 20p in the pound... they could get out of it with only having debts of around 4-5 mil, albeit in L1, and with no squad... but it would be better than liquidation... question is how much dioes chinney want and what would he be prepared to accept to walk away once and for all... ...whatever the truth, its a right feckin mess... but as they used to say in primary school, ''cheats seldom prosper''... My Saints Hero from childhood, when talking about himself in the Official History of Saints video - said this, and I think it applies to Pompey. 'If they were a horse, they'd shoot 'em' Link to comment Share on other sites More sharing options...
pfc123 Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... Link to comment Share on other sites More sharing options...
buctootim Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... I got tweedle dum and tweedle do, whose the third? Link to comment Share on other sites More sharing options...
Gemmel Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... Corp hos mate, doesn't count Bad company (The clues in the name) Whose the third pfc123?? An hour ago aa said there were 2 or 3 bidders, one has just dropped, is there a new skate in town Link to comment Share on other sites More sharing options...
OldNick Posted 20 January, 2012 Share Posted 20 January, 2012 it still amazes me that they are in this position and can turn down £1m offers. The 2 don't add up, but nothing does with Pompey. We did it the honorable way and sold our assets, somehow they keep getting away with it. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... Cuthbert, Dibble and Grubb? Launder, Bodgit and Leggitt? Link to comment Share on other sites More sharing options...
Frank's cousin Posted 20 January, 2012 Share Posted 20 January, 2012 Just out of interest, can lumpitt call in the adminsistrators as a non shareholder?...not sure, but I would imaginethat anyone with Fionancial control (there's a laugh) in a company, eg FD or CEO etc, is legally obliged to notify teh relevent authorities when the business becomes insolvent, shareholder or no... I am sure the books would substatiate such a claim....? Link to comment Share on other sites More sharing options...
badgerx16 Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... Bill, Ben, and Looby Loo ? Link to comment Share on other sites More sharing options...
Ken Tone Posted 20 January, 2012 Share Posted 20 January, 2012 I think that signing yesterday (eithu or whatever) was lumpitts last defiant stand against chanarai. I think he will be gone soon. Just out of interest, can lumpitt call in the adminsistrators as a non shareholder? Who is a shareholder? Presumably all owned by CSI, put in admin by chainrai. So if admin for the football club would mean a real loss for chanirai ,he won't push for admin. Surely the only way forward is for PFC 2010 to default on some payment, eg to bank, and admin to follow from that? So I imagine the wage payment date will be the crunch time. It really irritates me that BBC and all the media keep saying that 'investment' is needed to cover their running costs. That's not investment --' investment' implies some hope of a return, preferably a profit. This would be a gift, or a loan with no security, at best. Link to comment Share on other sites More sharing options...
saint si Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... Bidders?! You really think there is a competition here? Link to comment Share on other sites More sharing options...
benjii Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... at skates. Thank you for the laughs. Link to comment Share on other sites More sharing options...
sussexsaint Posted 20 January, 2012 Share Posted 20 January, 2012 I got tweedle dum and tweedle do, whose the third? take your pick mate Link to comment Share on other sites More sharing options...
Ken Tone Posted 20 January, 2012 Share Posted 20 January, 2012 it still amazes me that they are in this position and can turn down £1m offers. The 2 don't add up, but nothing does with Pompey. We did it the honorable way and sold our assets, somehow they keep getting away with it. They can trun them down now, but maybe not on pay day. Brinkmanship all round I reckon. Pompey hanging on grimly till the inevitable and Ispwich trying to get players on the cheap. The day before pay day these players may well suddenly go, maybe for even less than £1million if no one else wants them enough to bid against Ipswich. Link to comment Share on other sites More sharing options...
pedg Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... Is it on ebay? Link to comment Share on other sites More sharing options...
Tamesaint Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... Oh thats all right then. I suppose this thread will be shut in a couple of days as there will be nothing untoward going on in Pompey. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 20 January, 2012 Share Posted 20 January, 2012 I have a plan. I've already bought a EuroMillions ticket for tonight, and the jackpot is £40M. IF I were to win, in the spirit of fair play, I'd give AFC Pompey some money to get started as long as they publically denounced PCFC 2010. Fair? (probably irrelevant I grant ya, seeing as some Northern Waster will win who 'won't let it change their life' but still). Link to comment Share on other sites More sharing options...
Tamesaint Posted 20 January, 2012 Share Posted 20 January, 2012 I wonder where our favourite toy salesman has gone. I would have thought he would have been able to keep us informed as to what is going on at the club. I suppoe he is busy working. After all mid January must be one of the busiest times of the year for the toy market. Link to comment Share on other sites More sharing options...
Huffton Posted 20 January, 2012 Share Posted 20 January, 2012 PLease let them keep going until the end of the season. I want their last memory of us to be Rickie smashing in the 8th goal, confirming their mathematical relegation, to a resonding chorus of 'Sha la la la la la la la, who the f**k is laughing now' Link to comment Share on other sites More sharing options...
sussexsaint Posted 20 January, 2012 Share Posted 20 January, 2012 Frankly I'll take them being liquidated and us losing just the one point Link to comment Share on other sites More sharing options...
warsash saint Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... it's the hope that kills yer Link to comment Share on other sites More sharing options...
Waterside.saint Posted 20 January, 2012 Share Posted 20 January, 2012 The News has caught up: http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_withdraws_his_bid_to_buy_pompey_1_3442323 Can you spot the hacked text? "By Rory McKeown Published on Friday 20 January 2012 14:07 Sicilian American businessman Joseph Cala has told The News he has withdrawn his bid to buy Pompey. Only yesterday Cala said he was ‘95 per cent sure’ to take over at Fratton Park. The 50-year-old, who founded an underwater hotel firm, said discussions with former owner Balram Chainrai’s company, Portpin, over future securities were holding up the completion of a takeover deal. But speaking to The News the businessman admitted his bid to buy the south coast club was over. He said: ‘I am very sad. I will have to take a sabbatical. ‘Pompey for me was the name itself. It’s something I have always loved. When I thought of Pompey, I thought oft Pompeii, one of my favourite cities in the world. ‘What really touched me was when I went to the stadium and was watching the fans before the match and they were really behind the club all the way. ‘And when Southampton scored the goal first they never called the players losers. It was really fun.’ CSI administrator Andrew Andronikou said: ‘I am not concerned. ‘I am glad we are out of him. ‘We have got other people and we want have to waste any more time with individuals that want to generate column inches.’" Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 Can you spot the hacked text? "By Rory McKeown Published on Friday 20 January 2012 14:07 Sicilian American businessman Joseph Cala has told The News he has withdrawn his bid to buy Pompey. Only yesterday Cala said he was ‘95 per cent sure’ to take over at Fratton Park. The 50-year-old, who founded an underwater hotel firm, said discussions with former owner Balram Chainrai’s company, Portpin, over future securities were holding up the completion of a takeover deal. But speaking to The News the businessman admitted his bid to buy the south coast club was over. He said: ‘I am very sad. I will have to take a sabbatical. ‘Pompey for me was the name itself. It’s something I have always loved. When I thought of Pompey, I thought oft Pompeii, one of my favourite cities in the world. ‘What really touched me was when I went to the stadium and was watching the fans before the match and they were really behind the club all the way. ‘And when Southampton scored the goal first they never called the players losers. It was really fun.’ CSI administrator Andrew Andronikou said: ‘I am not concerned. ‘I am glad we are out of him. ‘We have got other people and we want have to waste any more time with individuals that want to generate column inches.’":lol: Link to comment Share on other sites More sharing options...
BigShadow Posted 20 January, 2012 Share Posted 20 January, 2012 Isn't the PAYE/NI for December due to be paid today? Wonder if it has been. Surely HMRC would be quick to act if it was not paid. Link to comment Share on other sites More sharing options...
badgerx16 Posted 20 January, 2012 Share Posted 20 January, 2012 When I thought of Pompey, I thought of Pompeii, /QUOTE] Pompeii : Pompey : Easy mistake to make. Link to comment Share on other sites More sharing options...
trousers Posted 20 January, 2012 Share Posted 20 January, 2012 Ok, so that leaves three bidders left then... Link to comment Share on other sites More sharing options...
saintjay77 Posted 20 January, 2012 Share Posted 20 January, 2012 Who is a shareholder? Presumably all owned by CSI, put in admin by chainrai. So if admin for the football club would mean a real loss for chanirai ,he won't push for admin. Surely the only way forward is for PFC 2010 to default on some payment, eg to bank, and admin to follow from that? So I imagine the wage payment date will be the crunch time. It really irritates me that BBC and all the media keep saying that 'investment' is needed to cover their running costs. That's not investment --' investment' implies some hope of a return, preferably a profit. This would be a gift, or a loan with no security, at best. I know its a different league n all but how many paydays did Hearts miss before the SPL finally had a word? Didnt Pompey pay a few wages late in their previous yet drawn out mess? TBH didnt get paid for months!!!! So payday may highlight what a mess they are in but I doubt it will cause any of them to declare they need the help of administration. No doubt they will use the wage money to pay for another signing or something daft. Just think, if they had kept the wage bill down and played the kids they could be looking at the edge of a relegation battle all season but be safe in the knowleged that there are worse teams that are almost garaunteed to go down ahead of them. Now they may end up with a 20 pointer which saves the Clot and Forrest. lol Link to comment Share on other sites More sharing options...
Gemmel Posted 20 January, 2012 Share Posted 20 January, 2012 Ha ha quality Link to comment Share on other sites More sharing options...
Recommended Posts