Chin Strain Posted 21 January, 2012 Share Posted 21 January, 2012 Option 5, preparing to liquidate the 'asset' before it burns more cash. Chinny and Gaydaboy have their security already. Why would Chinny pay £12m per annum to collect at most £8m for next two years minus football debt? As it stands I truly believe the club is worth more to him dead than alive. I agree. I think if he could find a mug to pay him a pile of cash up front for the club, he'd take it and get shot of it once and for all. I can't see why he would want to step in as 'owner' again though. That would be madness. Link to comment Share on other sites More sharing options...
dronskisaint Posted 21 January, 2012 Share Posted 21 January, 2012 Does it look like this one by any chance? Brilliant! Link to comment Share on other sites More sharing options...
holepuncture Posted 21 January, 2012 Share Posted 21 January, 2012 Is it my borthday today? A toast to HMRC, time to dust off those winding up orders again... ive said it before and il say it again - Moneyfields Shalala Link to comment Share on other sites More sharing options...
pedg Posted 21 January, 2012 Share Posted 21 January, 2012 Suspect given the financial arguments against buying them there appear to be only a few reasons why someone would. 1) Illegal activity such as money laundering were you accept less money out than you put in. 2) Being a fan such as Brian Howe where you are more likely to let your heart rule your head. Think 1 may be drained dry so I would go for 2 as their only option. Link to comment Share on other sites More sharing options...
dronskisaint Posted 21 January, 2012 Share Posted 21 January, 2012 In other news, linking irrelevantly to a different thread http://www.telegraph.co.uk/news/worldnews/middleeast/iran/9027424/Iran-cracks-down-on-Barbie.html Bang goes the IAM job then... Link to comment Share on other sites More sharing options...
krissyboy31 Posted 21 January, 2012 Share Posted 21 January, 2012 It's incredible how they have let themselves get back into this problem...Whatever happened with 'learn from your mistakes'?You're falling into the same trap the football authorities have by not distinguishing between accidental and deliberate acts. Link to comment Share on other sites More sharing options...
los_saint Posted 21 January, 2012 Share Posted 21 January, 2012 I would imagine the Inland Revenue will probably resume legal action against the club. Link to comment Share on other sites More sharing options...
Spudders Posted 21 January, 2012 Share Posted 21 January, 2012 Oh, and for info, PO have a whole thread on the post MLG made on this thread: http://www.pompeyonline.com/forums/index.php?threads/most-sad-obsessed-scummer-2012-get-a-life-award.59683/ Is this worth registering on to a skate forum? In fact why do I even ask, yet more chance to laugh at them has got to be worth it Link to comment Share on other sites More sharing options...
andysstuff Posted 21 January, 2012 Share Posted 21 January, 2012 Cant understand what the 'fight' refers to in The News' headline. They've not paid the HMRC, they admit that. Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 January, 2012 Share Posted 21 January, 2012 I would imagine the Inland Revenue will probably resume legal action against the club. I really only have one comment, Why is it a FIGHT? Just that headline alone. It is NOT a negotiation you morons, it is a LEGAL RESPONSILITY. You're not having a scrap outside a nightclub for it. Link to comment Share on other sites More sharing options...
los_saint Posted 21 January, 2012 Share Posted 21 January, 2012 Exactly. My wanting them punished due to rivalry ended years ago. Now it's 90% as a taxpayer and 10% as a football fan tired of seeing them set our game back years. This club in its current form must die, now. I'd have far more respect for their fans and wish them well if they'd already got AFC Pompey going. Stupid thing is, with a hardcore 8,000 fans or so they'd do well quickly and no doubt enjoy rising through the leagues. Would finally put an end to all the corruption and mess of recent years. Any spirit their club had died long ago, I've no idea what they're trying to save now. Great post. Link to comment Share on other sites More sharing options...
positivepete Posted 21 January, 2012 Share Posted 21 January, 2012 Heh, some fans complaining that Andronikou should have known what was going on with Pompey not paying tax... The two companies might be so linked that the administrator uses 'CSI' and 'Pompey' interchangably, but Pompey the football club technically aren't in administration. Yet. So it was entirely down to them, and entirely their fault that they didn't pay the tax. As for administration not being on the cards, of course it's not. They haven't even started paying the last CVA yet, no court in the land would grant the protection of a CVA under those conditions, it'll be liquidation. Endgame now, barring a last minute billionaire coming to the rescue for them and immediately paying everything off. It surely has to be liquidation, you can only go into administration if you are a going concern with cashflow problems and protection from your existing creditors will enable you to survive. Presumably that is why AA is using the language that he is. No way are they a going concern, and as administrator for CSI it is his duty to get the £10.8 million back for the creditors of CSI, not to extend the life of PFC by not seeking repayment of the loan. This is where the involvement of Chinney and his liens on both companies becomes very messy. Link to comment Share on other sites More sharing options...
sussexsaint Posted 21 January, 2012 Share Posted 21 January, 2012 I really only have one comment, Why is it a FIGHT? Just that headline alone. It is NOT a negotiation you morons, it is a LEGAL RESPONSILITY. You're not having a scrap outside a nightclub for it. It's this sort of b ollocks that really ****es me off, it makes the cheating scum out to be fighting some sort of noble fight. I pay my taxes because it's the right thing to do and I bloody well have to. They cheat and lie and effectively steal from every rit minded person in this country. It has gone way beyond a football rivalry this is wrong on so many levels. If anyone is relegated at the expense of them this season it will be a travesty. Link to comment Share on other sites More sharing options...
BigShadow Posted 21 January, 2012 Share Posted 21 January, 2012 I would imagine the Inland Revenue will probably resume legal action against the club. This is a difficult one for HMRC - if they force administration - they not only risk the £1.6m owed now, but also the £6m due on the never, never under the CVA. Chances are they will never see either getting paid, but might cause them to think twice before pulling the trigger. As for the Football League - WAKE UP!!! Link to comment Share on other sites More sharing options...
Chin Strain Posted 21 January, 2012 Share Posted 21 January, 2012 This is a difficult one for HMRC - if they force administration - they not only risk the £1.6m owed now, but also the £6m due on the never, never under the CVA. Chances are they will never see either getting paid, but might cause them to think twice before pulling the trigger. As for the Football League - WAKE UP!!! They don't care about that. It's about sending a message to the rest of football. £7.6m is small beer to them, and if it drives home the message to other clubs / companies that they pay their tax, and they pay their tax first, it's a loss well worth writing off. Link to comment Share on other sites More sharing options...
krissyboy31 Posted 21 January, 2012 Share Posted 21 January, 2012 Great post.Mero was in 100% agreement last night. Pity he is very much in the minority when it comes to the blue few. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 21 January, 2012 Author Share Posted 21 January, 2012 Any time now I expect Lampitt to "accidentally" fall into a lifeboat. This post deserves to be aired again - nice one Faz Link to comment Share on other sites More sharing options...
positivepete Posted 21 January, 2012 Share Posted 21 January, 2012 When this thread finally comes to an end, it would be fitting if Fitzhugh Fella could write a eulogy as the final post Link to comment Share on other sites More sharing options...
S-Clarke Posted 21 January, 2012 Share Posted 21 January, 2012 When this thread finally comes to an end, it would be fitting if Fitzhugh Fella could write a eulogy as the final post FF should publish a book on this when it's all over! I reckon it'll be a best seller... Link to comment Share on other sites More sharing options...
saintmatt Posted 21 January, 2012 Share Posted 21 January, 2012 I really only have one comment, Why is it a FIGHT? Just that headline alone. It is NOT a negotiation you morons, it is a LEGAL RESPONSILITY. You're not having a scrap outside a nightclub for it. Completely agree, poor form from the local media to encourage such an attitude. I hate to think how much that "club" have taken from the public purse, I don't think it's too sensationalist to emphasise that this is money which could have been put toward hospitals, emergency services etc and perhaps saved one or two more lives. Link to comment Share on other sites More sharing options...
pfc123 Posted 21 January, 2012 Share Posted 21 January, 2012 Falcon, now where have we heard that name before........Hahaha! 33 Mick2468 Saturday, January 21, 2012 at 10:11 AM Apparently the Private Equity group is holger Heims heading up Falcon Equity with Al Fahim. http:fansonline.netportsmouthmbview.php?id=401439 Holger Heims. Check..... Link to comment Share on other sites More sharing options...
sidthesquid Posted 21 January, 2012 Share Posted 21 January, 2012 This is all shaping up nicely to make page 1000 the thrilling climax of the story Link to comment Share on other sites More sharing options...
dronskisaint Posted 21 January, 2012 Share Posted 21 January, 2012 I would imagine the Inland Revenue will probably resume legal action against the club. And a bit of Bob Dylan for one of the most:lol: deluded visitors of the skate persuasion - '...and it's all over now Barbie blue' Link to comment Share on other sites More sharing options...
Colinjb Posted 21 January, 2012 Share Posted 21 January, 2012 I would imagine the Inland Revenue will probably resume legal action against the club. Even the journalists and attitude of the local media is deluded. A Tax FIGHT!? Tax is not an optional extra, it is a fact of existence in the United Kingdom. F**king vermin, parasitic vermin, the lot of them. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 21 January, 2012 Share Posted 21 January, 2012 Holger Heims. Check..... Al Fahim, check. FPMSFLMFAO Link to comment Share on other sites More sharing options...
Trader Posted 21 January, 2012 Share Posted 21 January, 2012 Holger Heims. Check..... If he wasn't interested then, why on earth would he be now? http://www.telegraph.co.uk/sport/football/teams/portsmouth/5653646/Portsmouth-takeover-in-limbo-as-Premier-League-examines-Sulaiman-Al-Fahims-plan.html Obviously a Nazi tank driver - being 45 years old has nothing to do with it. Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 January, 2012 Share Posted 21 January, 2012 3 Mick2468 Saturday, January 21, 2012 at 10:11 AM Apparently the Private Equity group is holger Heims heading up Falcon Equity with Al Fahim. http:fansonline.netportsmouthmbview.php?id=401439 Page 200 and something maybe? Falcon Investments is a vehicle for Al Fahim's mate. Surely the FL cannot be so stupid to let Bin Trump try and get his mate back iinto football (only other person in history to fail FAPPT) Oh well it's the FL so yeah - good luck to them all then, they'll fit in well - most people in his mate's home country believe he stole his wealth so par for the course. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 21 January, 2012 Share Posted 21 January, 2012 Solent have apparently got Lumpitt on live shortly.... Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 January, 2012 Share Posted 21 January, 2012 Whilst we are paused in this strange Limbo Land between Deja Vu and Oh, well, that was a surprise. Let us spare a thought for one of the mightiest brains on this thread. The Analyst who has proven with his insight time and again to have had his finger on the pulse. In fact he has been there to assure us ever since the start of this Season that poopey will not be able to engage in any financial mismanagement because they are being watched so closely by the FL and that we are deluded to keep trying to point out that the mathematics did not add up. The Troll with the train sets, got it nailed again from his contact at the club whom he sees socially every week. Oh and before I go cook dinner (Salt & Pepper Squid yum yum unusually for me this week, served with a side dish of Toast Mero. Seriously My Sympathies mate Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 21 January, 2012 Share Posted 21 January, 2012 He's just layed into the Snooze.. Also admitted they don't have the funds to pay HMRC...and that they're dependent on funding from CSI... He's bluffing...big time. Cala pulling out 'inconcequential' - 'not sure he did pull out his bid'.... 'Other interested parties' Full of Sh1t. Link to comment Share on other sites More sharing options...
sussexsaint Posted 21 January, 2012 Share Posted 21 January, 2012 Also admitted they don't have the funds to pay HMRC...and that they're dependent on funding from csi Surely to god that admission means -10 at the very least? Link to comment Share on other sites More sharing options...
Katalinic Posted 21 January, 2012 Share Posted 21 January, 2012 (edited) I would have been interested to see his face and body language during that interview - sounded as though he was squirming big time. Made me laugh that he had a dig at The News - what for? err reporting the facts. If the FA can't see that CSI and the Skates are inextricably linked after this then there is something very very wrong going on. Edited 21 January, 2012 by Katalinic Link to comment Share on other sites More sharing options...
Pugwash Posted 21 January, 2012 Share Posted 21 January, 2012 Wrong move Lumpitt criticising The News. They're one of the few friends the club has left. Link to comment Share on other sites More sharing options...
Waterside.saint Posted 21 January, 2012 Share Posted 21 January, 2012 I would have been interested to see his face and body language during that interview - sounded as though he was squirming big time. Made me laugh that he had a dig at The News - what for? err reporting the facts. If the FA can't see that CSI and the Skates are inextricably linked after this then there is something very very wrong going on. I would love to know what 'package' they offered Lumpett to prize him out of the FA. The trouble about selling your soul is that sooner or later you have to face the consequences Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 21 January, 2012 Share Posted 21 January, 2012 Big LOL at Solent for encouraging texts and tweets. Then not reading any out which criticise Pompey. Notice that Loz Herdman almost quoted the 'tax fight' headline word for word - yes that's right Loz, those tax payments which everyone in this country has to make by law. 'Plucky Pompey' still exist in the eyes of some. Link to comment Share on other sites More sharing options...
redkeith Posted 21 January, 2012 Share Posted 21 January, 2012 The problem the only assets that the Skates have as a club are the player registrations, the golden share and the parachute payments. If they get liquidated, then there is no way to use these assets to pay of the creditors, so they may limp on. However, it is coming to the point where the secured creditors are owed more than the remaining parachute payments. Also the player contracts are probably more of a liability than the transfer value of the squad. All that is keeping them alive is the distant hope that the CVA will get some of the parachute payments, so on that basis I think they will be there until the summer of 2014. Link to comment Share on other sites More sharing options...
Crab Lungs Posted 21 January, 2012 Share Posted 21 January, 2012 Skates singing about us at Cardiff... Link to comment Share on other sites More sharing options...
saintmatt Posted 21 January, 2012 Share Posted 21 January, 2012 'Plucky Pompey' still exist in the eyes of some. "Plucky P*mpey" and their "long-suffering fans"... FFS Link to comment Share on other sites More sharing options...
ooh it's a corner Posted 21 January, 2012 Share Posted 21 January, 2012 Two things I would like to see by 10am Monday morning. The Football League Board to announce a meeting for this coming week to discuss PFC's relationship with CSI and whether or not points deductions are now appropriate. More importantly, I want HMRC to phone Lampett and remind him that if he is continuing to trade, whilst acknowledging that there is no cash to pay the bills, then it is his house that will be sold and put in the pot with other company assets, for the benefit of all creditors.... Link to comment Share on other sites More sharing options...
Made in Southampton Posted 21 January, 2012 Share Posted 21 January, 2012 Oh, and for info, PO have a whole thread on the post MLG made on this thread: http://www.pompeyonline.com/forums/index.php?threads/most-sad-obsessed-scummer-2012-get-a-life-award.59683/Awwww but I don't want to make an account on that scuzzy website just to view it...... Link to comment Share on other sites More sharing options...
latter day saint Posted 21 January, 2012 Share Posted 21 January, 2012 wot better way to wind down after a crap day at work than to read the last few pages! any chance the FL will make an announcement Monday re points ? with Saggy Harry's court case starting, news of a points penalty would be the icing on the cake Link to comment Share on other sites More sharing options...
pedg Posted 21 January, 2012 Share Posted 21 January, 2012 Two things I would like to see by 10am Monday morning. The Football League Board to announce a meeting for this coming week to discuss PFC's relationship with CSI and whether or not points deductions are now appropriate. More importantly, I want HMRC to phone Lampett and remind him that if he is continuing to trade, whilst acknowledging that there is no cash to pay the bills, then it is his house that will be sold and put in the pot with other company assets, for the benefit of all creditors.... Thing is they do apparently have some money as AA said (Okay not the most reliable witness) that salaries would be paid this month. That means they are paying this months salaries ahead of 2 months worth of back taxes. Surely HRMC should attempt to get at that money now before it is paid to the players? Link to comment Share on other sites More sharing options...
Tamesaint Posted 21 January, 2012 Share Posted 21 January, 2012 It's in maintanence mode. Is it worth it? Yes it is. Link to comment Share on other sites More sharing options...
saintmatt Posted 21 January, 2012 Share Posted 21 January, 2012 http://www.ebay.co.uk/itm/Understanding-Business-Accounting-Dummies-Colin-Barrow-Paperback-NEW-/190615111411?pt=Non_Fiction&hash=item2c618bc6f3#ht_825wt_1270 SaintsWeb collection to send this (or something similar) to them? Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 January, 2012 Share Posted 21 January, 2012 Someone with a UK IP address and knows Audioboo should send that snippet to the FL (think their email address has been posted on here about a thousand times) Public annoucement that the company cannot pay creditors HOW many of their players have they placed on "The Transfer List"? to raise funds to convert Assets into Cash? None So they have NO INTENTION of attempting to trade legally Link to comment Share on other sites More sharing options...
Katalinic Posted 21 January, 2012 Share Posted 21 January, 2012 Two things I would like to see by 10am Monday morning. The Football League Board to announce a meeting for this coming week to discuss PFC's relationship with CSI and whether or not points deductions are now appropriate. More importantly, I want HMRC to phone Lampett and remind him that if he is continuing to trade, whilst acknowledging that there is no cash to pay the bills, then it is his house that will be sold and put in the pot with other company assets, for the benefit of all creditors.... Perhaps that is why Akers quit a week ago? Illegal to continue to trade whilst insolvent...... Link to comment Share on other sites More sharing options...
Waterside.saint Posted 21 January, 2012 Share Posted 21 January, 2012 http://news.bbc.co.uk/sport1/hi/football/16666698.stm So strange that plucky 'sleeping giant' pompey who are also up for grabs, with all their selling points - not least their passionate and fair-minded fans, including their half-naked bell-ringer and his accolytes - have been utterly unable to attract the attention of credible investors Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 January, 2012 Share Posted 21 January, 2012 http://www.ebay.co.uk/itm/Understanding-Business-Accounting-Dummies-Colin-Barrow-Paperback-NEW-/190615111411?pt=Non_Fiction&hash=item2c618bc6f3#ht_825wt_1270 SaintsWeb collection to send this (or something similar) to them? How about we have a collection to help them form a new clean proper football club Link to comment Share on other sites More sharing options...
miserableoldgit Posted 21 January, 2012 Share Posted 21 January, 2012 Someone with a UK IP address and knows Audioboo should send that snippet to the FL (think their email address has been posted on here about a thousand times) Public annoucement that the company cannot pay creditors HOW many of their players have they placed on "The Transfer List"? to raise funds to convert Assets into Cash? None So they have NO INTENTION of attempting to trade legally I have found that this works quite well enquiries@football-league.co.uk Link to comment Share on other sites More sharing options...
Wurzel Posted 21 January, 2012 Share Posted 21 January, 2012 Let's not count our chickens. FA Cup week again next week. A good cup run with a couple of televised games might bring in enough to tide them over till the end of the season. Oh ! Link to comment Share on other sites More sharing options...
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