Jump to content

Pompey Takeover Saga


Fitzhugh Fella

Recommended Posts

Theres plenty of hand-wringing on the Snooze this evening:

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/pompey_on_the_brink_of_a_winding_up_order_1_3445646

"16 blueshirt Sunday, January 22, 2012 at 07:00 PM

let me get this straight. according to this report, we owe £1.6M to the taxman, we cant afford to pay it and among the comments made by the administrator, Mr Andronikou, "we arent fazed or worried by it" Indeed? we are on the verge of going out of existence, and if Andronikou isnt worried about that then let me tell you that I am, and so, too, I would imagine, are all true Pompey supporters everywhere........... come on Andronikou, as administrator you are supoosed to be getting us out of the mess we find ourselves in, you told us last week you'd found a preferred buyer, well, where the hell is he.......?"

Link to comment
Share on other sites

Query: does Chainrai have an incentive to keep them afloat? Sorry if this has been covered elsewhere...but if the club owes him £17m isn't he best advised to spend several £m on keeping alive the possibility that he gets some of that back?

 

E.g. if he could get them over this hurdle by spending £2m and they restructured so as to pay him back £500K a year for 34 years, isn't this a good deal for him?

 

Or are the sums needed so vast that he probably needs to take a £17m loss on the chin?

Link to comment
Share on other sites

Theres plenty of hand-wringing on the Snooze this evening:

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/pompey_on_the_brink_of_a_winding_up_order_1_3445646

"16 blueshirt Sunday, January 22, 2012 at 07:00 PM

let me get this straight. according to this report, we owe £1.6M to the taxman, we cant afford to pay it and among the comments made by the administrator, Mr Andronikou, "we arent fazed or worried by it" Indeed? we are on the verge of going out of existence, and if Andronikou isnt worried about that then let me tell you that I am, and so, too, I would imagine, are all true Pompey supporters everywhere........... come on Andronikou, as administrator you are supoosed to be getting us out of the mess we find ourselves in, you told us last week you'd found a preferred buyer, well, where the hell is he.......?"

 

It's the most sensible thing the Android has said. Of course he isn't worried about it, he doens't give a 5h1t - he isn't the administrator of PFC but of CSI. PFC isn't an asset of CSI more a liability and a drain on them. Correct me if I'm barking up the wrong tree here but as I understand it if they fold everything is sold and paid back to secured creditors first (which CSI, aka Chinny are) then unsecured creditors.

 

These Sk8's have to realise that the Android doesn't give a t0ss about PFC any more, his job is to find the best solution for all creditors of CSI.........well one creditor anyway, Chinny.

 

Once Chinny has raped & pillaged the carcass of the remains of the club to the point he know's there's not more meat left on the bones, unless there's another dumb f***wit stupid enough to part with their hard earned.....sorry, hard stolen cash he'll fold at teh first oppertunity.

Link to comment
Share on other sites

My wife has sent an e-mail to the FL - bet she does not get the answer I want.

 

Dear Sirs,

 

My husband keeps laughing at me because I support Portsmouth, guess who

he supports? I was raised in Gosport and so have supported "my local" team

for more years than I care to say. Even though we have now lived in NZ for

over 20 years I still follow Pompey.

 

He keeps saying that Pompey must get a major points deduction as they

are in Admin because of their parent company being in Admin and no money

is coming in from C.S.I. to run Pompey. He says we cheated by using money

alleged to have been stolen and we must pay that back at once and if we don't

it just proves even more that we are insolvent. He also laughs when he reads

the statements from Mr Lampitt and Mr Andronikou. He also asks how can we be

allowed to sign players when we have had to admit that we now owe H.M.R.C. at

least 1.6 million pounds for November and December let alone Januarys bill which

will be due soon as well. He also goes on and on about how we haven't even

started paying the C.V.A yet and have renegaded on our promise to pay the small

debtors and charities either, meaning that we are gaining a big advantage over other

clubs who are more careful with their money.

 

Please would you tell me he is talking rubbish about a points deduction as I think

we don't deserve one as lots of other clubs also have cash flow problems and

owe lots of money.

 

In great hope and with kind regards

Link to comment
Share on other sites

OK that was a fun diversion.

 

Now back to reality.

 

There is NOT a WUP in place at this time, as it is not yet published in The London Gazette.

 

Which leaves our Thread Insolvency & Banking Division Teams the task of monitoring said Gazette for the first Official Sign and rushing that news out to our Analytical & PR Teams...........

 

So that everyone else can finally have a total complete and utter ROFL

Link to comment
Share on other sites

My wife has sent an e-mail to the FL - bet she does not get the answer I want.

 

Dear Sirs,

 

My husband keeps laughing at me because I support Portsmouth, guess who

he supports? I was raised in Gosport and so have supported "my local" team

for more years than I care to say. Even though we have now lived in NZ for

over 20 years I still follow Pompey.

 

He keeps saying that Pompey must get a major points deduction as they

are in Admin because of their parent company being in Admin and no money

is coming in from C.S.I. to run Pompey. He says we cheated by using money

alleged to have been stolen and we must pay that back at once and if we don't

it just proves even more that we are insolvent. He also laughs when he reads

the statements from Mr Lampitt and Mr Andronikou. He also asks how can we be

allowed to sign players when we have had to admit that we now owe H.M.R.C. at

least 1.6 million pounds for November and December let alone Januarys bill which

will be due soon as well. He also goes on and on about how we haven't even

started paying the C.V.A yet and have renegaded on our promise to pay the small

debtors and charities either, meaning that we are gaining a big advantage over other

clubs who are more careful with their money.

 

Please would you tell me he is talking rubbish about a points deduction as I think

we don't deserve one as lots of other clubs also have cash flow problems and

owe lots of money.

 

In great hope and with kind regards

 

Sorry the only thing that really hit me from that post is you married a skate, condolences :lol:

 

It tears me up but I also was born in a PO postcode but on the other side of the water, but at least moved to the border at a very young age and only ever supported the saints, strangely my wife was also born in the town we cannot mention and guess who she supports..................well obviously the mighty saints. We both followed them home and away but she never forgave me for not letting her go to the ZDT at wembley coz she was 8 months pregnant.......women :lol:

Link to comment
Share on other sites

Query: does Chainrai have an incentive to keep them afloat? Sorry if this has been covered elsewhere...but if the club owes him £17m isn't he best advised to spend several £m on keeping alive the possibility that he gets some of that back?

 

E.g. if he could get them over this hurdle by spending £2m and they restructured so as to pay him back £500K a year for 34 years, isn't this a good deal for him?

 

Or are the sums needed so vast that he probably needs to take a £17m loss on the chin?

 

That boat was missed the last time Chainrai was owner when he could have ordered a more circumspect player recruitment driver and given a decent young manager a chance. But he went short term for a chance to return to the PL or at least a quick sale on a side riding high in the Championship. That quick sale only brought Antonov, he was apparently the best of the bunch and didn't even give Chainrai any money for the club (repayment plan was reneged at the first time of asking). Currently they still have too large a wage bill to sustain on downward attendences, parachute payments that will only just cover the CVA scheduled to start in April, a wreck of a stadium which needs fixing and no chance of a change in owner type. It looks like the end game.

Link to comment
Share on other sites

Can someone please explain how a WUP can be considered "brinkmanship" instead of end game, when looking at P*mpey?

 

It's something to do with parallel universes and worm holes but I can't explain in any detail for fear of disrupting the space-time continuum

Link to comment
Share on other sites

Excellent...

 

Cala and Brian Howe having a spat on Twitter...

 

@Joseph_Cala

@brianhowe01 So you can't confirm you've got funding? And you criticise me? Good luck, but I see no point continuing this dialog. :lol:

 

Nice to see that their prospective owners are professional and discreet.

 

TBH i reckon they'll be wound up, these idiots are the only level of interest they can ever find. It's just pathetic and they need to be put out of their misery.

Link to comment
Share on other sites

 

OK that was a fun diversion.

 

Now back to reality.

 

There is NOT a WUP in place at this time, as it is not yet published in The London Gazette.

 

Which leaves our Thread Insolvency & Banking Division Teams the task of monitoring said Gazette for the first Official Sign and rushing that news out to our Analytical & PR Teams...........

 

So that everyone else can finally have a total complete and utter ROFL

 

Maybe not Phil. From the leaflet kindly posted by Delmary earlier...

 

 

The document you have is called a petition.

 

On it you will see that a date and time for the

hearing has been set.

 

 

Hearings are held at the Companies Court, Royal

Courts of Justice, Strand, London WC2A 2LL

 

Looks like they may already have their date!

Link to comment
Share on other sites

I was just thinking to myself that Pompeys behaviour over the last 10 years and this thread in particular would make a great film documentary. So come on guys, what's the title gonna be?

 

How about:

 

From the Prem to the Pritstick.

Or

Godfather parts 4,5 and 6.

Or

From FA Cup to p1ssless pot

 

The Importance of Being Honest?

Link to comment
Share on other sites

×
×
  • Create New...