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Pompey Takeover Saga


Fitzhugh Fella

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‘I can say that the club has not got significant debts, it has significant cash flow issues.’ :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

 

Word for word what Fred Goodwin said just before the Bank of England stepped in to stop them from collapsing. So far the debt is £48billion and counting.

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How about we have a collection to help them form a new clean proper football club

 

I think we should loan them x amount through a middleman (it's not too difficult to conceal the original source of funds in football, apparently) so as to put ourselves in the decisive position when it comes to agreeing CVA mark 2 vs. liquidation. Tongue firmly in cheek by the way.

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Just for clarification, not that this site needs it, but the Board at Fratton Park obviously do..

 

Lifted from http://www.companyrescue.co.uk

 

If the company IS insolvent and if the board of the company continues to trade whilst it is insolvent, the directors of the company may become personally liable to contribute to the company's assets and help meet the deficit to unsecured creditors if the company's financial position is made worse by the directors continuing to trade, instead of putting the company immediately into liquidation.

 

In other words that veil of incorporation can be lifted and the directors’ protection removed. Then you may face wrongful trading accusations and possibly even directors disqualification

 

The site offer a few testers as to whether or not your company is insolvent. This is the first one.

 

Simply - can the company pay its debts when they fall due for payment?

 

I'm not sure if corporate finances could ever be more black and white...

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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/

 

I've won an award! \0/

 

*crys*

 

"I'd like to dedicate this award to Vladimir Antonov, Sulaiman Al-Fahim,Peter Storrie, Daniel Azougy, Ali Al Faraj, David Lampitt, Steve Cotterill, Milan Mandaric, Harry Redknapp, Avram Grant, Chris Akers, Tanya Robbins, Michael Appleton, Balram Chairai, Roman Dubov, Andrew Andronikou, Sasha Gaydamak and Arcadi Gaydamak. Without their hard work and dedication none of this would have been possible."

 

*stops crying and starts laughing*

Edited by Matthew Le God
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I've won an award! \0/

 

*crys*

 

"I'd like to dedicate this award to Vladimir Antonov, Sulaiman Al-Fahim,Peter Storrie, Daniel Azougy, Ali Al Faraj, David Lampitt, Steve Cotterill, Milan Mandaric, Harry Redknapp, Avram Grant, Chris Akers, Tanya Robbins, Michael Appleton, Balram Chairai, Roman Dubov, Andrew Andronikou, Sasha Gaydamak and Arcadi Gaydamak. Without their hard work and dedication none of this would have been possible."

 

*stops crying and starts laughing*

 

Just for those of us who even now for coemdy value cannot bring ourselves to register for fear of contamination, would you be so kind as to repost your award winning post for posterity?

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Big LOL at Solent for encouraging texts and tweets.

 

Then not reading any out which criticise Pompey.

I'm not really used to Twitter, so I'm following Solent, but all I can see is their updates, I can't see what others are asking them? What do I need to do to see the magic?

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I'm not really used to Twitter, so I'm following Solent, but all I can see is their updates, I can't see what others are asking them? What do I need to do to see the magic?

 

If they suggest a hashtag (a word beginning with # such as #pompey) then clicking on the hashtag will show all the tweets containing it or you can search for it https://twitter.com/#!/search/%23pompey. Otherwise if you search for Solents twitter id @solentsport you will see all their tweets and the ones directed at them : https://twitter.com/#!/search/%40solentsport

Edited by pedg
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I go out for a drink last night, work this morning & find another 5 pages LOL takes ages to get up to speed. Just listened to Lumpetts interview, & could some one put me right if I've mistaken what he said.

Point 1 having a dig at the News for printing anything whether true or not then clarifying that the ADMINISTRATOR had confirmed it?

Which leads nicely to Point 2 ADMINISTRATOR now call me picky if you like but I thought they were not in administration I thought it was CSI in administration?

Point 3 we haven't payed HMRC as we are having cash flow problems due to the fact that CSI have gone into administration & we were relying on them to keep the cash flowing, is that not admitting being inextricably linked?

Point 4 Also if they know they are having cash flow problems WHY oh WHY are they continuing to add to those cash flow problems by bring new players in DFSCB's.

If Lumpett knows all this & admitting it live on the radio, he is walking a dangerous line. As this all sounds like they are trading insolently, although I could be mistaken :rolleyes:

 

This is just getting surreal now, Lumpett has basically admitted that they are INSOLVENT, they have an ADMINISTRATOR, they are INEXTRICABLY linked to CSI. Or have I completely got the wrong end of the stick.

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If they suggest a hashtag (a word beginning with # such as #pompey) then clicking on the hashtag will show all the tweets containing it or you can search for it https://twitter.com/#!/search/%23pompey. Otherwise if you search for Solents twitter id @solentsport you will see all their tweets and the ones directed at them : https://twitter.com/#!/search/%40solentsport

Ah thank you sir!:toppa:

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Just for those of us who even now for coemdy value cannot bring ourselves to register for fear of contamination, would you be so kind as to repost your award winning post for posterity?

 

It is about this...

 

http://www.saintsweb.co.uk/showthread.php?35291-The-Football-League-owe-Southampton-and-Cortese-some-answers!

 

Which a mod moved into the Pompey Takeover Saga a few pages back. I haven't actually posted it on Pompey online, I'm not a member so can't even read what they have said about it. Can anyone summarise for me? :D

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It is about this...

 

http://www.saintsweb.co.uk/showthread.php?35291-The-Football-League-owe-Southampton-and-Cortese-some-answers!

 

Which a mod moved into the Pompey Takeover Saga a few pages back. I haven't actually posted it on Pompey online, I'm not a member so can't even read what they have said about it. Can anyone summarise for me? :D

 

If you take away the insulting, hysterical and wrong parts - its pretty brief....

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So if I knew there was some cash due (parachute payment or new owner arrives) fairly soon but I had no cash in the bank to pay an outstanding bill, perhaps selling an asset or two to tie things over would be the ideal solution (eg Surman for us). But no, twenty days into the window and the best they can do is get the wage bill down a bit.

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It is about this...

 

http://www.saintsweb.co.uk/showthread.php?35291-The-Football-League-owe-Southampton-and-Cortese-some-answers!

 

Which a mod moved into the Pompey Takeover Saga a few pages back. I haven't actually posted it on Pompey online, I'm not a member so can't even read what they have said about it. Can anyone summarise for me? :D

 

 

Not sure this is worth quoting as essentially it's just mindless Skate-talk... but what the heck... (NB, last post of the day):

 

BaffinsBlue Portsmouth 'til l die

 

Message Count:

400

 

I want to put in an early vote for this chap who tonight at 8.51 chose to put this amount of effort into a post on Saintsweb about us. No wonder it has over 200,000 posts. Amazing :picard:

 

Matthew Le God

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Join Date

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FM2012 Southampton Researcher

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Pompey Takeover Saga

 

 

 

I seem to recall the last time Pompey went into admin in 2010, Southampton chairman Nicola Cortese said... [rest of your post]

 

 

Today 08:58 PM

 

BaffinsBlue, Yesterday at 10:07 PM Report

#1 Like Reply

FM_Researcher Well-Known Member

 

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Hes the Southampton researcher for FM

 

FM_Researcher, Yesterday at 10:11 PM Report

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PFC Exile Double Award Winner 2007

 

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pony fiddling ****

 

Once a scummer, always a scummer

 

PFC Exile, Yesterday at 10:12 PM Report

#3 Like Reply

PFC Exile Double Award Winner 2007

 

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is that £8m a year figure right?

 

Once a scummer, always a scummer

 

PFC Exile, Yesterday at 10:13 PM Report

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buschman Super Moderator

 

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FM_Researcher said: ↑

 

Hes the Southampton researcher for FM

 

Have a word then;)

 

I walked into a fancy dress shop and asked for a vampires out fit, she goes out the back and comes back with a Scum kit. I said you mis-heard me, I said I want to look like a count!

buschman, Yesterday at 10:14 PM Report

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LandportBlue Well-Known Member

 

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Maybe you could explain to the thick pony pumper then, that 1 CSI was a fully operational chain of businesses BEFORE they purchased PFC, 2 CSI WASNT setup to avoid getting a points deduction and 3. CSI had more than just a f***kin donkey sanctuary as its other business FFS

 

Dont make me angry, you wouldnt like me when i'm angry..................:stomp:

LandportBlue, Yesterday at 10:15 PM Report

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MiltoninLA, Lost Transport and buschman like this.

PFC Exile Double Award Winner 2007

 

Message Count:

8,097

 

scummer scummer scummer scummer

 

Once a scummer, always a scummer

 

PFC Exile, Yesterday at 10:19 PM Report

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Equinox Super Moderator

 

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fair play to the lad, however

 

we try to play our football on grass, not paper.

 

we're coming to your place scummers................

 

"We are just trying to stay focused on what happens on the pitch rather than off it. I said the other week, and I was half serious, that it helps having a couple of players who aren't the brightest because they can't think about it." M Appleton

Equinox, Yesterday at 10:21 PM Report

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bare_bones PFC on Portsea Island

 

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Could this be the first person to have ever based an argument on quotes from Calamity!

 

I did wonder what type of person might be roped into investing in some undersea casinos. Think we've found that scummer.

 

bare_bones, Yesterday at 10:21 PM Report

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Christchurchblue Keep your Passion

 

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I really cant be arsed reading all that toss.

The football league have shown they had no patience for teams in admin they will not help they will allow them to drop out of the league. If the stupid scummer thinks they'll treat us any different to them, or Luton or any of the others they are even more mentally ill than we thought they were.

 

Christchurchblue, Yesterday at 10:45 PM Report

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Johnny Lager Saturday Night Alkeee

 

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The difference is scums holding company was specifically set up for the club, the dopey ******* ****

 

Johnny Lager, Today at 12:57 AM Report

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Johnny Lager Saturday Night Alkeee

 

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The administrator now admits the club doesn't have funding for the rest of the season. It was clearly dependant on more external money being put into it in order to pay wages and debts for the rest of the season. "Inextricably linked"?

 

 

 

Yeah of course scum don't have any external money supply FFS

 

Johnny Lager, Today at 1:01 AM Report

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Mike PFC Well-Known Member

 

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Every village has one , we`ve just found Scum`s.

 

 

They say football is a game of two halves. Not for me it isn't. I regularly down eight or nine pints whilst watching a live game on Sky TV in my local.

Mike PFC, Today at 1:24 AM Report

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nitro5912 time to start again

 

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Scum leisure holdings had no other assests when they went into administration, that company was purely setup to try to avoid admin if it occurred.

 

CSI were already a buisness prior to buying into us, now the Chris Akers point is interesting,

 

Was it CSI money that was used by the club or personal wealth of vladimirs?

 

Fire brigade rings Nidel Adkins to tell him St Fairies is on fire...

'The cups! For God's sake the cups!' Adkins replies.

'Err, its alright Sir, the fire hasn't spread to the canteen yet...' :)

nitro5912, Today at 12:05 PM Report

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Lost Transport Thoroughly Depressed

 

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nitro5912 said: ↑

 

now the Chris Akers point is interesting,

 

Was it CSI money that was used by the club or personal wealth of vladimirs?

 

PFC used CSI money - Antonov investment was in CSI. Two degrees of relationship.

 

Lost Transport, Today at 1:00 PM

 

 

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I go out for a drink last night, work this morning & find another 5 pages LOL takes ages to get up to speed. Just listened to Lumpetts interview, & could some one put me right if I've mistaken what he said.

Point 1 having a dig at the News for printing anything whether true or not then clarifying that the ADMINISTRATOR had confirmed it?

Which leads nicely to Point 2 ADMINISTRATOR now call me picky if you like but I thought they were not in administration I thought it was CSI in administration?

Point 3 we haven't payed HMRC as we are having cash flow problems due to the fact that CSI have gone into administration & we were relying on them to keep the cash flowing, is that not admitting being inextricably linked?

Point 4 Also if they know they are having cash flow problems WHY oh WHY are they continuing to add to those cash flow problems by bring new players in DFSCB's.

If Lumpett knows all this & admitting it live on the radio, he is walking a dangerous line. As this all sounds like they are trading insolently, although I could be mistaken :rolleyes:

 

This is just getting surreal now, Lumpett has basically admitted that they are INSOLVENT, they have an ADMINISTRATOR, they are INEXTRICABLY linked to CSI. Or have I completely got the wrong end of the stick.

 

I thought at first I had spotted a typo:

'sounds like they are trading insolently'

but in fact I think the OP has it right 1st time:

http://www.thefreedictionary.com/insolent

'in·so·lent (ns-lnt)

adj.

1. Presumptuous and insulting in manner or speech; arrogant.

2. Audaciously rude or disrespectful; impertinent.

Spot on.

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Someone needs to let Pompey Online know that Southampton Leisure Holdings was set up 7 years before the Football League wrote their rules on points penalties and insolvency events. Their argument that SLH was set up to avoid a points penalty is nonsense, unless Rupert Lowe was able to predict rules written 7 years into the future.

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I thought at first I had spotted a typo:

'sounds like they are trading insolently'

but in fact I think the OP has it right 1st time:

http://www.thefreedictionary.com/insolent

'in·so·lent (ns-lnt)

adj.

1. Presumptuous and insulting in manner or speech; arrogant.

2. Audaciously rude or disrespectful; impertinent.

Spot on.

 

LOL well spotted have to admit to typo, but will leave as is. After your post. :lol:

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Hope the next time, if there is one, someone from solent or whoever interview Lampett they just ask "Is Portsmouth currently trading whilst insolvent as all evidence currently points to that being the case?". The level of wriggling after that question should be something to behold.

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Dont know if this has been posted yet, but ticket sales are cash only from Tues.

 

It's an "essential system upgrade".

 

http://www.portsmouthfc.co.uk/LatestNews/home/Essential-Ticket-Sales-Work-3042.aspx

 

Thats such a cover up. The big issue with this is that the same company cover about 99% of the premier league and football league ticketing system for online, phone and at the ticket office sales it all goes through the same system.

 

So if this was true it would be every club that would have to alert it's fans and not just Pompey.

 

I give it till Wednesday until their placed in admin and about 2 weeks later at most before their liquidated.

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Thats such a cover up. The big issue with this is that the same company cover about 99% of the premier league and football league ticketing system for online, phone and at the ticket office sales it all goes through the same system.

 

So if this was true it would be every club that would have to alert it's fans and not just Pompey.

 

I give it till Wednesday until their placed in admin and about 2 weeks later at most before their liquidated.

 

That's what I thought, it says "there will be no ticket sales available online and by telephone (via Ticketmaster)". I bet Ticketmaster areb still selling all their other tickets.

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From The Snooze

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/andronikou_says_pompey_face_fight_with_the_taxman_over_1_6m_unpaid_bill_1_3443262?commentspage=0

"173 Toast of Fratton

Saturday, January 21, 2012 at 04:51 PM

 

How can our requirement to pay the tax bill be described as a fight with the tax man. I have to pay my taxes in full and on time why cant Pompey. We apparently have enough money to turn down offers for players and to buy and pay for new ones. I am sick to the core of the people who come along and ruin our club. Ever since we paid for players to win the FA cup when we could afford them, we've been in this mess. Will anyone come along and sort us out. PUP"

 

OK own up - who is agent 'Toast of Fratton'? Well done whoever you are

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From The Snooze

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/andronikou_says_pompey_face_fight_with_the_taxman_over_1_6m_unpaid_bill_1_3443262?commentspage=0

"173 Toast of Fratton

Saturday, January 21, 2012 at 04:51 PM

 

How can our requirement to pay the tax bill be described as a fight with the tax man. I have to pay my taxes in full and on time why cant Pompey. We apparently have enough money to turn down offers for players and to buy and pay for new ones. I am sick to the core of the people who come along and ruin our club. Ever since we paid for players to win the FA cup when we could afford them, we've been in this mess. Will anyone come along and sort us out. PUP"

 

OK own up - who is agent 'Toast of Fratton'? Well done whoever you are

 

Joking aside, it's a f()cking sad state of affairs when your rivals are the ones making the most sensible and articulate of comments.

 

Shameless football club.

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Having caught up with today's latest antics, read andriods statement and listened to lumpitts interview, the thing that strikes me most, is that these guys could be setting themselves up for a legal fall, based on what they have said (I'm no expert) I would have imagined there is a half decent case of going after the directors for knowingly trading whilst insolvent.

android has said there is enough to pay Janaurys wages..... so the money is there, they just dont want to give it to HMRC.

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Lampitt is playing a dangerous game. When he was appointed there were many on here who were naturally suspicious that he was an "FA Plant" given that he was Head of Integrity at the FA. I suspect the reason for takiing the position was that the FA were, perhaps, pleased to see him go as he may not have had all the attributes for such a position.

 

Given the fact that his new employer had previously deprived the public purse of up to £37 million and several ex employees (alegedly) have comitted crimes of fraud and were supposedly closely monitored by the Football League, he has a fudiciary responsibility to ensure that taxes are paid. If, as, he has now admitted, he knowingly, allowed the company to trade whilst insolvent then he should have resigned to protect his own INTEGRITY. Clearly he has none. He is just as much a cheat as his predecessors but then this bunch of criminals masquerading under the bannner of Sport would know no better. They are morally bankrupt like their club. I really do want them to die so their remaining decent fans can create a phoenix club.

 

However, equally disgusting is the total ineptidude of the Football League to do nothing as they were supposed to have thoroughly investigated the accounts to ensure that CSI and their ADMINISTRATION are not linked financially. That forensic examination MUST have revealed that the VAT has not been paid. In my view they are just as culpable. Clearly they are breathing the same poluted air that eminates from Portsea Island and have become intoxicated by inertia

Edited by Goalie66
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Went to the rugby today to watch my home town side Worthing play Launceston in National League 2 South which, if you don't know, is at level 4 in the rugby hierarchy. Here's an interesting comparison to see how the RFU deals with clubs in financial difficulty. Last season Launceston went into admin and were docked 20 - TWENTY - points which resulted in their relegation from National League 1. They were only relegated becaus eof this points deduction.

And to show even further how the RFU has the b@lls to deal with this sort of thing in 1999 Richmonf RFC, one of the top sides and the first to embrace the new professional era in rugby, went into admin when their major backer pulled out. As a result of this they were relegated NINE, yes NINE tiers down having to start again at a VERY low level. They are now also in the same league as Worthing and are currently top of NL2S having fought their way back from virtual oblivion.

 

Why, one asks, do not the EPL and FL have the b@lls to do the same thing ?

 

Oh, by the way Worthing won 24 - 16 having been 16 - 12 down until 2 minutes from time. It was a good afternoon.

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From The Snooze

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/andronikou_says_pompey_face_fight_with_the_taxman_over_1_6m_unpaid_bill_1_3443262?commentspage=0

"173 Toast of Fratton

Saturday, January 21, 2012 at 04:51 PM

 

How can our requirement to pay the tax bill be described as a fight with the tax man. I have to pay my taxes in full and on time why cant Pompey. We apparently have enough money to turn down offers for players and to buy and pay for new ones. I am sick to the core of the people who come along and ruin our club. Ever since we paid for players to win the FA cup when we could afford them, we've been in this mess. Will anyone come along and sort us out. PUP"

 

OK own up - who is agent 'Toast of Fratton'? Well done whoever you are

 

It was me !!!

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Thinking we really might be entering the end-game for our fishy friends & this mightty thread, it made me consider the history of my 'relationship' with Skates FC and how it has changed over time.

As a lad growing up in Salisbury in the seventies and on into adulthood in the eighties, Pompey really didn't register with me. Portsmouth as a town was off my radar, I never met any fans, and I genuinely felt a mild liking for them as I did all southern teams. I rember going to Nottarf Krap in about 1975 with a friend & his dad for a Boxing Day game. We drove down, paid on the day and never considered the possibility of trouble. The first time I was aware of the bitter animosity the Skates felt for us was in the 84 Cup game, which was a bit scary, and I remember them getting promoted and the 'Steve Baker' game & being vaguely aware that our unquestioned status as top dog was under threat, but they went down again & it went away for another decade or more.

Even moving to Chichester in 1991 I was still relatively unaware of them - I never did then or now (and rarely inbetween) see many Skate shirts about. Even when they came up again it looked like a short stay, but it all changed in the relegation season.

Partly it was the pain of going down and losing that assumed superiority I had taken for granted all my life. It hurt. That disgraceful game under Agent Harry hurt like every other defeat rolled into one. It wasn't just the score, it was the manner of it & life in Pentonville would be too good for that Saggy disgrace. And the Skates sealing our doom hurt too.

Maybe it was just the bitterness of no longer being top dog, but their cup win hurt. But it was also the sense that they were, if not cheating, at least buying success. It felt wrong, tainted somehow, and that was a genuine feeling, not just a bitter one, after our years of our survival against the odds in the top flight. I genuinely would not ever feel happy if success came our way by that route. (And why I am so pleased we are doing it the 'right' way.)

Our punishment for admin hurt and their gloating got to me. Skates started appearing out of the woodwork locally, taunting me, bragging about how they were going to the Champions League and we were finished. So I was bloody glad, delighted even, when they got their come-uppance. I became a devoted reader and sometime contributor to this thread. At the start of it I truly wanted them to suffer like I had.

But the last two and a half years have been as much fun supporting Saints as at any time in my life. My lad is experiencing the good times after growing up in the bad & I no longer care as a Saints fan if they live or die. I follow this thread for the fun and entertainment of it, not as a bitter vengeance seeker.

But, as a football supporter, and as a tax-payer, I still feel it is morally right that some meaningful penance should be served by the club (and their supporters) for their blatant disregard of the laws of both football and the land. If they don't, I won't get hung up about - I've got the Saints back and we are going to be permanently back in our rightful place in the local heirarchy come what may - but I will still be left with a slight nagging feeling that a cheat has been allowed to get away unpunished and I don't like that in any walk of life.

And in some ways I'd like the saga to end one way or another now, to stop me wasting so much of my life on this thread. I have read almost everything on here (apart from a few of Ho's more tedious bouts of nit-picking) & it has been a brilliant soap-opera/ fantasy drama that has drawn me in. I really don't care if they get away with it anymore - so long as we are sat above them they can have Bill Gates as their new owner for all I care.

So, in conclusion I would like to thik I will soon have the opportunity to paraphrase Douglas Adams and say - so long Skatey ones, and thanks for all the fish.

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Hudderfield fans are upset about something to do with the ownership structure they have or perhaps to do with the stadium ownership - not really sure... what I can see however is thousands of illuminous green shirts around the ground raising awareness of their displeasure - similar to the Manc UTD green and gold campaign against the glazers

 

What did the pompey fans do? Welcomed 'Judas' Redknapp back with open arms and sing 'theres only one Peter Storrie' - the only remote vocal protest was one round of 'you can stick your f*ckin arabs up your a*rse'

 

sums them up IMO

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