Oh Happy Day - PFC takeover does not collapse

[hypochondriac]

Well dont we all feel a little silly now.

 

http://www.arabianbusiness.com/56258...c-deal-is-done

[INFLUENCED.COM]

The Arabian news could be being fed similar to that Jewish Chronicle !!

[sotonjoe]

Has an announcement been made "at around ten am" then?

[Master Bates]

It's gone 10am and no announcement. I'm also going grey

Edited 21 July, 2009 by Master Bates

[Saint Fan CaM]

It's been all over Solent news this morning and the FA have stated there's no problems. To think the Skates deal would go t*ts up was pie in the sky stuff - doesn't mean they will not go belly up in the league this year though ala Newcastle.

[Fergie]

pretty sure we are still richer though...

 

althogh not sure how much this arab guy is worth!

[DrZuess1979 the 2nd]

The deal is no longer being done through Al Fahim’s investment vehicle, Al Fahim Asia Associates. Instead, the UAE national will personally finance the takeover, believed to be valued at around £60m ($98m).

 

 

Is that Poopy value or the investers

[stevegrant]

There's no way he's paying £60m. He'll be paying a nominal value and assuming control of the remaining debt.

[merrimd]

Didn't Mikey F pass the fit and proper test?????? Is that the actual news thats being reported i wonder.

 

Interesting how the price has remained the same (£60m) despite £30mill odd of players have managed to escape!

[SFC Forever]

I am quite pleased because that means they will have no excuses when we give them the stuffing they deserve in the near future. Our time is coming.

[thorpie the sinner]

Good luck to them! look forward to a ding dong game in the Premiership in 5 years if they stay there!!

[Clapham Saint]

Still no announcement...

 

For a publicity seeker Dr Al is being very slow to shout the news.

[SFC Forever]

It is done and dusted now.

[rallyboy]

So he's scraped his pennies together then, though I note that the league has approved him but have said they will be monitoring any changes....meaning they will be asking questions if his legal problems escalate, or if perhaps a mystery investor suddenly pops up in the background thinking the coast is clear.

 

I wonder if the non-doctor may be on his credit limit without the torturer's backing, it should be an enlightening transfer window.

If he doesn't spend within a week then we will all know that the game is up - he doesn't have the finance for the team or a ground, but if he does spend, then we know that he can clear the debt and move the club forward.

And he needs to spend BIG if he is serious about keeping them in the Prem.

 

Either way, we will be reunited soon!

[Clapham Saint]

It is done and dusted now.

 

An agreement in principle is NOT done and dusted.

 

It's close but it's not finished.

 

By the look of it it may complete (which I previously said I though was unlikely) but it still doesn't seem "right" to me.

 

Either taken over or in admin by the end of the week.

[Clapham Saint]

An agreement in principle is NOT done and dusted.

 

It's close but it's not finished.

 

By the look of it it may complete (which I previously said I though was unlikely) but it still doesn't seem "right" to me.

 

Either taken over or in admin by the end of the week.

 

So he's scraped his pennies together then, though I note that the league has approved him but have said they will be monitoring any changes....meaning they will be asking questions if his legal problems escalate, or if perhaps a mystery investor suddenly pops up in the background thinking the coast is clear.

 

I wonder if the non-doctor may be on his credit limit without the torturer's backing, it should be an enlightening transfer window.

If he doesn't spend within a week then we will all know that the game is up - he doesn't have the finance for the team or a ground, but if he does spend, then we know that he can clear the debt and move the club forward.

And he needs to spend BIG if he is serious about keeping them in the Prem.

 

Either way, we will be reunited soon!

 

My money is on Dr Al being a gimp to try and get around the fit and proper test.

[notnowcato]

Shhhhh.... don't tell the blue few but it's actually Craig David's dad - we are about to exact our revenge on the Agent Redcrack debacle!

[INFLUENCED.COM]

An agreement in principle is NOT done and dusted

 

Would suggest this has been released to try and quell the negative rumours

[Clapham Saint]

Would suggest this has been released to try and quell the negative rumours

 

Or as an attempt to pacify and buy time from the Bank who are asking for their money back...

[INFLUENCED.COM]

Or as an attempt to pacify and buy time from the Bank who are asking for their money back...

 

Would that work if 'a demand' has already been put in ?

[stardustonmyfeet]

Why do we care so much?

[Kadeem Hardison]

Why on earth are there Pompey threads on our main board?

[Rogerfryisalegend]

Not related i know, but interesting news for Notts County http://news.bbc.co.uk/sport1/hi/football/teams/n/notts_county/8160968.stm How mad is that...

 

Pompey get Paul Heart, Sven could go to Notts County.

[Clapham Saint]

Would that work if 'a demand' has already been put in ?

 

If the bank has formally demanded its money back it doesn't automatically start any form of insolvency procedure.

 

The bank would need to appoint an administrator, which, assuming that Std Chartered are the QFC they can do very quickly.

[dubai_phil]

Amazing what you can use airmiles for these days