Skates latest takeover - good for them?

[NickG]

Just looked on their message board and they are in discoland celebrations over latest takeover being confirmed tonight on sky - and substantial investment to follow.

 

Anyone know much about them and whether it is looking good for them?

[mack rill]

A lot of us creamed our nicks over the last heavy dipper from the land of sand,

A bit like the (let's go wild party you boys had). Might be wise to just sit back and see how this one pans out, A nick.

[NickG]

think our current one looks a bit more transparent - clear wealth and no wild plans.

 

how rick are your latest ones? Enough to clear debts + stadium + players?

[John Boy Saint]

There will be a Nodding Donkey in the middle of the pitch by Christmas.

 

Good for them. Also good that we won't have to go in search of new arch rivals in Football.

[Clapham Saint]

On the face of it, good fo them.

 

I still don't see the logic in buying them, even if for a quid, rather than another club (such as Newcastle) though.

 

Then again I doubt the skates much care what I think if everything goes through

[hamster]

Any new owner would surley have to either sell EVERY seat from now until the end of the season just to pay wages or sell even more players, which they can not do before January and furthermore who is going to offer them top dollar when the players may well be able to claim breach of contract and tear their contarcts up anyway. I am worried for them now, i really am.

[S-Clarke]

Any new owner would surley have to either sell EVERY seat from now until the end of the season just to pay wages or sell even more players, which they can not do before January and furthermore who is going to offer them top dollar when the players may well be able to claim breach of contract and tear their contarcts up anyway. I am worried for them now, i really am.

 

They're fine now. the people that have taken over have serious dosh behind them.

 

billions in fact. everyone will be paid and they'll get a fair few bob to spend in january.

 

let's just hope they're adrift by jan eh

[Micky]

Any new owner would surley have to either sell EVERY seat from now until the end of the season just to pay wages or sell even more players, which they can not do before January and furthermore who is going to offer them top dollar when the players may well be able to claim breach of contract and tear their contarcts up anyway. I am worried for them now, i really am.

 

Strange argument given that their new owner, like ours, is a billionairre. He won't need to sell anybody, so will just have to hope that they can hang on to the shirt tails of those at the bottom until the next window opens and then invest heavily to preserve their premier league status.

 

Given that there are some pretty poor teams in the Premiership this year - there is a very good chance that they will survive.

[Delmary]

I'm not convinced this is the real deal. Google 'Al-Faraj family' and you'll find diddly squat. Nothing! Nothing on the Forbes rich list. A big surprise when you consider they're claiming to be one of the wealthiest families in Saudi Arabia. You don't become a billionaire on the secret in the modern multi-global business world. Let's give it a few months to see how it all pans out. I predict we are witnessing the start of Al-Fahim mark II?

[hamster]

Strange argument given that their new owner, like ours, is a billionairre. He won't need to sell anybody, so will just have to hope that they can hang on to the shirt tails of those at the bottom until the next window opens and then invest heavily to preserve their premier league status.

 

Given that there are some pretty poor teams in the Premiership this year - there is a very good chance that they will survive.

 

But their only asset is that they are currently in the Prem, it would be a crazy gamble for anyone to hope that the rubbish squad and manager that they have bought is the rubbish that has to cling on until Jan. I would not be surprised if this was not just another nail in the coffin. Someone somewhere is taking the **** out of them royally.

[Micky]

But their only asset is that they are currently in the Prem, it would be a crazy gamble for anyone to hope that the rubbish squad and manager that they have bought is the rubbish that has to cling on until Jan. I would not be surprised if this was not just another nail in the coffin. Someone somewhere is taking the **** out of them royally.

 

I would agree with you that it is a very strange choice of clubs to invest in give it's current assets, there are (I believe) much better options out there, who are currently actively seeking investment.

 

Perhaps it is that one jewel (The Premiership) that has clinched it for them though - it is not an easy place to get, right now, they are there - and as I said before, I think they will stay up.

 

I really cannot believe that they have drawn another dud, the fake sheik was a complete farce - lightening couldn't strike twice, surely.

 

Personally - I think they will be ok now. Oh and I hope that Paul Harte keeps his job too, because irrespective of his results, he has remained pretty dignified and boyant throughout the whole nightmare - fare play to him.

[hamster]

/\

Don't get me wrong Micky, I too want Paul Harte to remain as their manager, I think most saints fans would agree with me on that.

[Arizona]

Putting all bias aside for a moment, I just don't get it. How do Pompey keep finding rich foreigners seeminly willing to p*ss hundreds of millions up the wall, then sell up a few years later.

 

Mandaric I can understand. Buy a struggling Old Div 1 club for peanuts, spend a few million on players to get them into the club, then run a shrewd business spending just enough to stay up.

 

But Gaydmak spent tens of millions buying the club, what must be near £100m on players over the years, massive wages on players like Crouch, Defoe and Campbell. Net result, he loses £20m odd a year, has to sell the players to service the debts and ends up selling up for no more than he bought it for. Now Pompey have supposedly found a consortium willing to do the same all over again. Kudos to them I guess.

[skintsaint]

They will be so far adrift at the bottom of the league come the new year, who the hell would want to join them to make them avoid relegation? They will end up buying players like Oliver Bernard etc

[Rusty]

They will be so far adrift at the bottom of the league come the new year, who the hell would want to join them to make them avoid relegation? They will end up buying players like Oliver Bernard etc

Depends on the Al Faraj way of doing things I suppose. There is (sadly) only one motivation for the modern day footballer.

[GenevaSaint]

Well I think we and they should wait and see to be honest. Reading the Independant today and no one can actually clarify how much money this fella actually has! I can't believe they'd find another chancer and this fella was recommended by the Story teller.

[NickG]

Dr on Solent now - club was in more debt than he thought and has given away 90% for nothing!

[skintsaint]

Dr on Solent now - club was in more debt than he thought and has given away 90% for nothing!

 

What was his lawyers etc doing for 6 months trying to get the deal sorted? Didnt they look at the books?

[dellgirl]

So do we think the lumps of land around the ground have been bought now and no longer belong to the former owner ? The new lot must be looking at a much larger development programme as they would appear to have property development credentials. Have they really looked at Portsmouth as a whole,it has always been a dump and a few upmarket flashy executive houses surrounded by dross isn't really going to work and the development of the football club as a jewel in their crown can only mean that Mr come again Rednapp,sniffing carelessly accounted wonga will be back as their saviour,and so much closer to home. Thank our lucky stars daily that we have Markus as ours.

[KK the 2nd]

There will be a Nodding Donkey in the middle of the pitch by Christmas.

 

Good for them. Also good that we won't have to go in search of new arch rivals in Football.

Bringing Adams back then??

[dubai_phil]

Putting all bias aside for a moment, I just don't get it. How do Pompey keep finding rich foreigners seeminly willing to p*ss hundreds of millions up the wall, then sell up a few years later.

 

Mandaric I can understand. Buy a struggling Old Div 1 club for peanuts, spend a few million on players to get them into the club, then run a shrewd business spending just enough to stay up.

 

But Gaydmak spent tens of millions buying the club, what must be near £100m on players over the years, massive wages on players like Crouch, Defoe and Campbell. Net result, he loses £20m odd a year, has to sell the players to service the debts and ends up selling up for no more than he bought it for. Now Pompey have supposedly found a consortium willing to do the same all over again. Kudos to them I guess.

 

Been on about this before, bang in 100 mil of hhhhmmmm money, get 60mil clean money tax free as it was a loan back. Good business

 

Next up, define Billionaire? The US version of 100mil or 1000mil?

 

Is that Pound Sterling?

US Dollars?

or more likely Saudi Riyals (at around 6.5 to one pound)

 

So a Riyal billionaire is worth possibly 170mil quid. Not enough to fund them for very long, so back to leveraged debt. Where from? Ain't gonna be from Saudi banks, they're all bust after the Saad/Al Gosaibi screw up I posted on another of the many threads

[saintds]

I'm not convinced this is the real deal. Google 'Al-Faraj family' and you'll find diddly squat. Nothing! Nothing on the Forbes rich list. A big surprise when you consider they're claiming to be one of the wealthiest families in Saudi Arabia. You don't become a billionaire on the secret in the modern multi-global business world. Let's give it a few months to see how it all pans out. I predict we are witnessing the start of Al-Fahim mark II?

 

Someone else has been investigating this

[JonnyLove]

Been on about this before, bang in 100 mil of hhhhmmmm money, get 60mil clean money tax free as it was a loan back. Good business

 

Glad I am not the only who has spotted that Football nowadays is a very good way of running a laundry business.

[NickG]

Someone else has been investigating this

 

prefer the easy to google Liebherr

[Ponty]

Next up, define Billionaire? The US version of 100mil or 1000mil?

 

 

The US version is 1000,000,000 or a thousand-million, the UK version (which is now antiquated to the point that the Bank of England no longer uses it) is 1,000,000,000,000 or a million-million.

[Merovingian]

I'm not convinced this is the real deal. Google 'Al-Faraj family' and you'll find diddly squat. Nothing! Nothing on the Forbes rich list. A big surprise when you consider they're claiming to be one of the wealthiest families in Saudi Arabia. You don't become a billionaire on the secret in the modern multi-global business world. Let's give it a few months to see how it all pans out. I predict we are witnessing the start of Al-Fahim mark II?

 

lol - utter tripe, you do realise that permission has to be given to go on the forbes list ? And show me the statement where they - the Al Faraj brothers have stated they are one of the wealthiest families in saudi ? You will notice Man City's owner is not on the forbes list, most saudi royals also do not allow themselves on it - something to do with privacy and security. So based on your argument, because you cannot find anything about them they are obviously skint. lol - good one, you do realise they have a consortia behind them aswell?

______________________________________________________________________

Peter Storrie today welcomed Ali Al Faraj as the club’s new owner.

 

Pompey’s chief executive officer said: “Naturally I am delighted personally as I had backed Mr Al Faraj’s bid initially.

 

“However, all along the most important factor has been to make sure the club is financially secure and can move forward to ensure our Premier League survival.

 

“I have been very impressed with Mr Al Faraj, his people and their commitment. They are very professional in their approach to the business and I believe that we will have some exciting plans ahead once again for this football club.

 

“Ali is a passionate follower of the Premier League and wants Portsmouth to remain in the best league in world football. There will be money to spend in January to make sure we do not lose our coveted place in the top flight.

 

“Most of all I am pleased for the fans who have stuck by us through this very difficult period and also the staff who have continued to go about their business under trying circumstances.”

 

Mark Jacob, Al Faraj’s lawyer and new Portsmouth Football Club board member, said: “There is going to be substantial investment.

 

“We were ready to invest and push things forward six weeks ago so that was a missed opportunity. However, there will be funds available in January to ensure we are not at the wrong end of the table come the end of the season.”

 

Jacob said the first priority was to pay the players and executive board who had not received their September salaries.

 

He added there was a commitment to continue with plans for a new training ground at Gosport and build a larger stadium for the Pompey faithful.

 

“Both are part of our plans but the most important thing after this difficult period for everyone at the club is to achieve some stability,” he said.

 

“We will be working closely with the executive board and senior management on all aspects of the club’s infrastructure and our goal is to improve every area of the business both on and off the pitch.”

 

http://www.portsmouthfc.co.uk/index....html&cms_id=78

[Kadeem Hardison]

Putting all bias aside for a moment, I just don't get it. How do Pompey keep finding rich foreigners seeminly willing to p*ss hundreds of millions up the wall, then sell up a few years later.

 

Mandaric I can understand. Buy a struggling Old Div 1 club for peanuts, spend a few million on players to get them into the club, then run a shrewd business spending just enough to stay up.

 

But Gaydmak spent tens of millions buying the club, what must be near £100m on players over the years, massive wages on players like Crouch, Defoe and Campbell. Net result, he loses £20m odd a year, has to sell the players to service the debts and ends up selling up for no more than he bought it for. Now Pompey have supposedly found a consortium willing to do the same all over again. Kudos to them I guess.

 

Perhaps they get a cut of the car boot sale money? It seemed to be doing good business last Sunday held in the ground's car park.

[benjii]

Basically, no one has a clue who he is or where any money (if there is any - he has probably acquired the stake for £1, after all Al-Fahim doesn't want the blood on his hands when admin happens) is coming from.

 

We don't know that he's bought any of the assets Gaydamak retained.

 

It's the same as the last take-over at the moment except this guy isn't famous. It might turn out to be good, it might not, but all we have are a few comments from some bloke involved.

 

He only surfaced when they appeared at death's door and Storrie was frantically trying to get some investors together. Now could he be an opportunist taking a relatievly cheap punt.... er, yes he could. Could he be a mega-wealthy dream-owner... er, yes he could. Does anyone know? No.

[Jimmy_D]

does anyone else get the feeling we've seen this before?

 

when Crouch/Wilde took over here... everyone was hailing it as a new dawn for the club, but Lowe was still in and around the club, and we all know how it turned out for us...

 

Not saying that's necessarily the case with them, but it draws parallels at least...

[Gingeletiss]

Jacob said the first priority was to pay the players and executive board who had not received their September salaries.

 

He added there was a commitment to continue with plans for a new training ground at Gosport and build a larger stadium for the Pompey Faithful.

 

Firstly.......it's not surprising that Peter the Storyteller wanted money to pay wages.....his must be the biggest wage there.

 

Secondly.....Larger 'stadium for the faithful fans'......I think a new training ground will cover both those issues...don't you think;)

[dubai_phil]

I believe that all Saints fans everywhere should take a moment to stand up and applaud Al Fahim for a job well done.

 

.....Mark Jacob, Al Faraj’s lawyer and new Portsmouth Football Club board member, said: “There is going to be substantial investment.

 

“We were ready to invest and push things forward six weeks ago so that was a missed opportunity. However, there will be funds available in January to ensure we are not at the wrong end of the table come the end of the season.”

So he wasted 6 weeks that means that he blocked any chance they had of signing players in the transfer window. Well done.

 

Secondly, just one other eensy weensy small point...

 

It took us 6 weeks to start playing football this season with all our new players. It took us around 6 weeks to start playing in GB's 2nd year with half a new team.

 

Spending a bunch of money on players in the transfer window will not gel into a new team playing competitive football in one day.

[Dimond Geezer]

So do we think the lumps of land around the ground have been bought now and no longer belong to the former owner ? The new lot must be looking at a much larger development programme as they would appear to have property development credentials. Have they really looked at Portsmouth as a whole,it has always been a dump and a few upmarket flashy executive houses surrounded by dross isn't really going to work and the development of the football club as a jewel in their crown can only mean that Mr come again Rednapp,sniffing carelessly accounted wonga will be back as their saviour,and so much closer to home. Thank our lucky stars daily that we have Markus as ours.

 

Nobody else has gone for it so I will:

 

"As a hole Portsmouth is one of the best"

 

Taxi...........

[Merovingian]

 

It took us 6 weeks to start playing football this season with all our new players. It took us around 6 weeks to start playing in GB's 2nd year with half a new team.

 

Spending a bunch of money on players in the transfer window will not gel into a new team playing competitive football in one day.

 

 

a certain manager has done it for us before.

 

surely the point is though Phil at least we will be in a position to spend in January which previously we were not, we were days from admin and sure fire relegation, so at present its looking a world better than it was.

 

I will settle for the training ground being built and the stadium being sorted even if it means we go down in the short term, we NEED that infrastructure for the good of the club in the long term.

[rpb]

Is this Al-Faraj?

http://en.wikipedia.org/wiki/Abu_Faraj_al-Libbi

[View From The Top]

a certain manager has done it for us before.

 

But you haven't got him and loathe as I may, he does attract players and they do play for him.

 

Can Hart do that? I doubt it.

[Merovingian]

money talks - I actually think we have a reasonable side aswell compared with others in a our div. if we spent 10M in Jan I reckon we would be ok

[Delmary]

lol - utter tripe, you do realise that permission has to be given to go on the forbes list ? And show me the statement where they - the Al Faraj brothers have stated they are one of the wealthiest families in saudi ? You will notice Man City's owner is not on the forbes list, most saudi royals also do not allow themselves on it - something to do with privacy and security. So based on your argument, because you cannot find anything about them they are obviously skint. lol - good one, you do realise they have a consortia behind them aswell?

______________________________________________________________________

Peter Storrie today welcomed Ali Al Faraj as the club’s new owner.

 

Pompey’s chief executive officer said: “Naturally I am delighted personally as I had backed Mr Al Faraj’s bid initially.

 

“However, all along the most important factor has been to make sure the club is financially secure and can move forward to ensure our Premier League survival.

 

“I have been very impressed with Mr Al Faraj, his people and their commitment. They are very professional in their approach to the business and I believe that we will have some exciting plans ahead once again for this football club.

 

“Ali is a passionate follower of the Premier League and wants Portsmouth to remain in the best league in world football. There will be money to spend in January to make sure we do not lose our coveted place in the top flight.

 

“Most of all I am pleased for the fans who have stuck by us through this very difficult period and also the staff who have continued to go about their business under trying circumstances.”

 

Mark Jacob, Al Faraj’s lawyer and new Portsmouth Football Club board member, said: “There is going to be substantial investment.

 

“We were ready to invest and push things forward six weeks ago so that was a missed opportunity. However, there will be funds available in January to ensure we are not at the wrong end of the table come the end of the season.”

 

Jacob said the first priority was to pay the players and executive board who had not received their September salaries.

 

He added there was a commitment to continue with plans for a new training ground at Gosport and build a larger stadium for the Pompey faithful.

 

“Both are part of our plans but the most important thing after this difficult period for everyone at the club is to achieve some stability,” he said.

 

“We will be working closely with the executive board and senior management on all aspects of the club’s infrastructure and our goal is to improve every area of the business both on and off the pitch.”

 

http://www.portsmouthfc.co.uk/index....html&cms_id=78

 

Let me help you old chat;)

http://www.portsmouth.co.uk/frattonlatest/Pompey-set-for-new-owners.5701687.jp?CommentPage=12&CommentPageLength=10

 

The takeover is subject to legal ratification but it is understood Ali Al Faraj - who is part of one of Saudi Arabia's wealthiest families and believed to have a personal holding in billion-dollar petroleum giant Sabic (Solent stated yesterday that this was not true) - has already passed the Premier League's fit and proper persons test.

 

Hope it turns out all right for you lot. But just remenber that Al Fahim arrived under a similar plaze of PR hype. What a disaster he turned out to be! Also remember it was the Indepedent who sussed out Al fahim last time and they're now also asking the same questions of Al Faraj. That should be enough to worry you! By all means gloat in six months time when Al Faraj splashes the cash modernising your team, ground and training facilities.

[dubai_phil]

Let me help you old chat;)

http://www.portsmouth.co.uk/frattonlatest/Pompey-set-for-new-owners.5701687.jp?CommentPage=12&CommentPageLength=10

 

The takeover is subject to legal ratification but it is understood Ali Al Faraj - who is part of one of Saudi Arabia's wealthiest families and believed to have a personal holding in billion-dollar petroleum giant Sabic (Solent stated yesterday that this was not true) - has already passed the Premier League's fit and proper persons test.

 

Hope it turns out all right for you lot. But just remenber that Al Fahim arrived under a similar plaze of PR hype. What a disaster he turned out to be! Also remember it was the Indepedent who sussed out Al fahim last time and they're now also asking the same questions of Al Faraj. That should be enough to worry you! By all means gloat in six months time when Al Faraj splashes the cash modernising your team, ground and training facilities.

 

Oi!

 

That was my scoop from minute one!

 

They just read this place all it needed was the "Jacko turned him down" element and that was it they had all the proof they needed

 

Meanwhile I hope that their new guy does deliver, I don't believe he will deliver Man City style, if he does anything it will be to build a sustainable football club. They'll pay the debts but the days of 200 grand a day players will be gone, these guys aren't egotists, they're businessmen, big difference.

[benjii]

I was on The Law Society website earlier so decided to quickly check out our Mr Jacob. Here he is; Mark Silas Jacob:

 

http://www.fuglers.co.uk/people.html#partners

 

He's written a book on Spurs!

 

Interesting to see he specialises in Commercial Property and secured lending.

 

Something tells me there won't necessarily be "huge" investment in the playing squad in January if certain "off-pitch" activities aren't progressing in the pipeline.

[Merovingian]

Oi!

 

That was my scoop from minute one!

 

They just read this place all it needed was the "Jacko turned him down" element and that was it they had all the proof they needed

 

Meanwhile I hope that their new guy does deliver, I don't believe he will deliver Man City style, if he does anything it will be to build a sustainable football club. They'll pay the debts but the days of 200 grand a day players will be gone, these guys aren't egotists, they're businessmen, big difference.

 

I sincerely hope it is not man city style - moulding a club on everton or aston villa is much more preferable

[hippysaint]

They will stink of fish...........what ever...........

[alehouseboys]

I sincerely hope it is not man city style - moulding a club on everton or aston villa is much more preferable

 

 

I'm sure you really meant Wigan/Blackburn.

[S-Clarke]

Explain this then Skates...

 

http://www.dailymail.co.uk/sport/football/article-1219527/EXCLUSIVE-Portsmouth-facing-financial-ruin-unpaid-tax-bill.html

 

You cannot pay the TAX up front, and you are you still trying to stagger payments, why would you do that if the guy who now owns you is full of cash?

 

It still stinks, something isn't right.

[Verbal]

They'll pay the debts but the days of 200 grand a day players will be gone, these guys aren't egotists, they're businessmen, big difference.

 

But who ARE these guys? No one in Saudi seems to have heard of Al Faraj. And I know the Saudis and Israelis have always had under-the-counter dealings, but in a club whose badge is the ascending star of the Crusades over the declining crescent of Islam, how does it play in Saudi, I wonder, to have Al Faraj recommended by an Israeli agent and then appoint an Israeli DoF?

 

Maybe, suddenly, the higher-ups in Saudi have become enlightened, and they've decided to include Pompey in the Middle East peace process. Either that or the club reminds both of Beirut.

[dubai_phil]

But who ARE these guys? No one in Saudi seems to have heard of Al Faraj. And I know the Saudis and Israelis have always had under-the-counter dealings, but in a club whose badge is the ascending star of the Crusades over the declining crescent of Islam, how does it play in Saudi, I wonder, to have Al Faraj recommended by an Israeli agent and then appoint an Israeli DoF?

 

Maybe, suddenly, the higher-ups in Saudi have become enlightened, and they've decided to include Pompey in the Middle East peace process. Either that or the club reminds both of Beirut.

 

Actually Beirut is an unfair comparison, there are some pleasant places there, more like one of the Hamas refugee camps....

 

Who can tell WTF is going on? I know some senior Emiratis and Saudis who are big fans of Arsenal or Liverpool, but honestly, even if I had the creativity to have dreamt this all up and asked them to pull some strings and make all this happen, I don't see it. And no they have never heard of him either.

 

My humble opinion (as everyone keeps asking)

 

1) It is just another attempt at a Leveraged buy-out

2) It is a smokescreen

 

I do suggest that whatever happens you guys should continue to follow the no doubt blossoming career of Sultan Bin trump once he returns to his roots. I'm sure he'll go places.

 

When something smells of fish it is simply often fishy

[FMPR]

Explain this then Skates...

 

http://www.dailymail.co.uk/sport/football/article-1219527/EXCLUSIVE-Portsmouth-facing-financial-ruin-unpaid-tax-bill.html

 

You cannot pay the TAX up front, and you are you still trying to stagger payments, why would you do that if the guy who now owns you is full of cash?

 

It still stinks, something isn't right.

 

Its called business. Why pay something all up front if you can stagger payments?

 

If it is £10m interest per annum at 5% is a cool £500k. I realise you personally may be wealthy enough to just go "oh well its only half a million" but maybe the people buying Portsmouth might want to keep that money in house.

[Verbal]

Actually Beirut is an unfair comparison, there are some pleasant places there, more like one of the Hamas refugee camps....

 

Who can tell WTF is going on? I know some senior Emiratis and Saudis who are big fans of Arsenal or Liverpool, but honestly, even if I had the creativity to have dreamt this all up and asked them to pull some strings and make all this happen, I don't see it. And no they have never heard of him either.

 

My humble opinion (as everyone keeps asking)

 

1) It is just another attempt at a Leveraged buy-out

2) It is a smokescreen

 

I do suggest that whatever happens you guys should continue to follow the no doubt blossoming career of Sultan Bin trump once he returns to his roots. I'm sure he'll go places.

 

When something smells of fish it is simply often fishy

 

I can see this sailing through the 'fit and proper person' test then...

[Under Weststand]

Trying to look at this without any malice, the FA have to come out & let Pompey Fans know who has control of their club. If the FA's fit & proper person check is to be taken seriously then they have to start giving fans around the country proper information, & show they are truly being rigorous in there checks, also how they a funding the purchase, ie leaveraged Debt or actualy buying with there own money. Sultan bin Trump was a busted flush yet passed the test's, so why are pompey fans so over the moon when there seem to be more & more unanswered questions coming to light each day that passes since the new takeover. I just hope for there sake this is not another false Dawn, yet nothing seem's certain just yet. I would be very very concerned this morning if I were a pompey fan.

[View From The Top]

Its called business. Why pay something all up front if you can stagger payments?

 

The issue may well be that those owed money, including HMRC, may want their money paid off in full.

[FMPR]

The issue may well be that those owed money, including HMRC, may want their money paid off in full.

 

They might very well do. If you go to a car salesmen do you pay the first price they say?