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latest skates - got to read this!


NickG
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So let me get this right now is that a short term loan to pay off the other short term loan that Al Faraj has just taken out to pay off the loans & monthly wages that Al Faraj paid Fahim's loans off off with, or is this a short term loan to pay off some of their other loans they owe.

Can anyone help as I'm becoming confused with all these short term loans they currently have at the moment. ;)

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Funny that Fahim keeps saying he has the right to buy the land.

 

Sounds to me like Gaydamak still owns that then or else has a charge over it to cover money still owed to him by PFC.

 

Makes you wonder what exactly the Faraj lot have bought. Must just be the club and maybe the stadium. Well, I suppose they might get their £5m back one day... if they're lucky.

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Funny that Fahim keeps saying he has the right to buy the land.

 

Sounds to me like Gaydamak still owns that then or else has a charge over it to cover money still owed to him by PFC.

 

Makes you wonder what exactly the Faraj lot have bought. Must just be the club and maybe the stadium. Well, I suppose they might get their £5m back one day... if they're lucky.

 

 

Its propably still owned by Venables.

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Funny that Fahim keeps saying he has the right to buy the land.

 

Sounds to me like Gaydamak still owns that then or else has a charge over it to cover money still owed to him by PFC.

 

 

Well spotted.

I think the most pertinent part of the article is.....

 

"He added that he still has the right to buy land around Fratton Park that may be pivotal in any proposed redevelopment of the stadium for the city's 2018 World Cup bid".

 

There is an interesting snippet in the latest Private Eye on this very subject.

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