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Pompey or Saints - Is their current financial position worse than ours was?

lordswoodsaints

By lordswoodsaints,
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SaintRichmond

SaintRichmond

Posted
Posted
Yeah and his dastardly plan to destroy Southampton FC for ever and ever, was thwarted once and for all :rolleyes:

 

Dear me you really do have a vendetta against the man don't you?

 

Of course I far prefer Liebherr and Cortese (thus far) to Lowe, I am a big critic of Lowe and have been for a very long time. But to imply the club's failings in the last 10 years is all down to Lowe and he was "all bad" is very delusional. Michael "we got our club back" Wilde did more damage to this club than Lowe. But no, not one mention of Wilde, Crouch, Askham etc.etc. It's all Lowe's fault, I bet you blamed Lowe last time you burnt your dinner in the oven.

 

I have NEVER liked the man from Day one, and made that clear at the time

 

Thanks for answering my post, point by point, I therefore do not know if you agree or disagree with them

 

I agree that Wilde, Crouch and Askham all played a part in the decline of Saints, though not so much Crouch as, IMHO, he DID try to help

For Judas Wilde though, no excuse. He was the one that let Lowe back in

I would point out that I did state "Lowe's Tenure", which did not include Messrs Wilde, Crouch and Askham, Askham being a miserable Leech IMHO

 

I never blamed Lowe for my burnt dinners. As my wife trained at The King Alfred School of Unedible Disasters, even I cannot crown him with that Crown:rolleyes::D

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Chez

Chez

Posted
Posted
http://www.portsmouth.co.uk/frattonlatest/Al-Fahim-plans-to-give.5955480.jp

 

now they are trying to give the club away !!!!!!!!

 

giving the club to the fans,

 

if that happens and some fan is put forward to the board was a representative of the trust ould they then become liable (as a company director) should the club be found to be trading when insolvent?

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JRM

JRM

Posted
Posted
if that happens and some fan is put forward to the board was a representative of the trust ould they then become liable (as a company director) should the club be found to be trading when insolvent?

 

 

that would be superb, especially if it is the prat with the bell

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ringwood

ringwood

Posted
Posted
can`t see any ref to this on net???????

 

link?

 

Sky Sports News' chief news reporter Bryan Swanson understands there are "no immediate prospects" for the embargo to be lifted and the Premier League is expected to use the club's £7m of latest television monies to pay off the club's debt to other top-flight sides.

 

http://www.skysports.com/story/0,19528,11661_5832704,00.html

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Faz

Faz

Posted
Posted
Sky Sports News' chief news reporter Bryan Swanson understands there are "no immediate prospects" for the embargo to be lifted and the Premier League is expected to use the club's £7m of latest television monies to pay off the club's debt to other top-flight sides.

 

http://www.skysports.com/story/0,19528,11661_5832704,00.html

 

Presumably this is the money against which other short-term loans were arranged. I wonder of it also includes money owed to Lens.

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martel

martel

Posted
Posted
They failed to pay the players again today.

 

SSN now saying it will be tomorrow.

 

I wonder what morewhingy would do if they were in the FL as opposed to the premiership, I really cannot see a way forward for them, the whole thing seems to be a financial deadlock.

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ken

ken

Posted
Posted

Not a great advert for the FA Premier league to have one of their clubs going bust so I expect the FA will do everything possible to suppport Pompey. There will of course be a limit to what they can do and like a lot of these things the longer it goes on the harder the fall. I do wonder if they are trading illegally, nothing to do with football rules this, I thought it was illegal to trade when you are knowingly inslovent, that is the reason we couldn't sell season tickets before we were taken over by ML.

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ken

ken

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Posted

Just going on from that illegal trading I don't think the FA could afford to get involved in anything like that so they will have to look at the situation very closely. Pompey need to go into admin now and take the 9 point deduction and certain relegation, they appear to be hanging on as long as poss presumably so that those who have invested money in them can get something back by trying to find another investor. Can't see that happening myself and it gets more remote with every passing day, that is exactly what RL did with us, he made business decisions to try to recoup his money which eventually failed, that was a business decision that wasn't in the best interests of SFC. Same happening down the road now.

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carljack

carljack

Posted
Posted
http://www.portsmouth.co.uk/frattonlatest/Al-Fahim-plans-to-give.5955480.jp

 

now they are trying to give the club away !!!!!!!!

 

giving the club to the fans,

 

It has served its purpose,PFC was used as a Giant washing machine to legitimise vast amounts of dirty money,anybody who says otherwise is a Fool or dishonest,Mandabich Gaylord Lifelong Pompey Fans? FFS. Harrys Envelopes? Storrieteller still spinning S@ite unpaid Taxes players etc etc.And I thought we have had it Rough!

 

Saint till I die!

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carljack

carljack

Posted
Posted
Not a great advert for the FA Premier league to have one of their clubs going bust so I expect the FA will do everything possible to suppport Pompey. There will of course be a limit to what they can do and like a lot of these things the longer it goes on the harder the fall. I do wonder if they are trading illegally, nothing to do with football rules this, I thought it was illegal to trade when you are knowingly inslovent, that is the reason we couldn't sell season tickets before we were taken over by ML.

 

If you have not scrutinised the credentials of one of your members it is in your interest to paper over the cracks when they start to appear but someone please tell the FA there is an Elephant in the room.This is just the begining.

 

Saint till I die!

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CB Fry

CB Fry

Posted
Posted
Not a great advert for the FA Premier league to have one of their clubs going bust so I expect the FA will do everything possible to suppport Pompey. There will of course be a limit to what they can do and like a lot of these things the longer it goes on the harder the fall. I do wonder if they are trading illegally, nothing to do with football rules this, I thought it was illegal to trade when you are knowingly inslovent, that is the reason we couldn't sell season tickets before we were taken over by ML.

 

 

There is no such thing as the FA Premier League. The FA do not run the Premier League and even the name FA Premier League was phased out after about three years.

 

And being that the League is essentially the twenty clubs in it, why would the other 19 bail out a club that has basically cheated their way through its competition over the last four or five years. Why would Bolton, West Ham, Blackburn, Wolves and the rest support that?

 

The League can get plenty of positive PR by letting Pompey suffer because they can grandstand and preach and say "never again". But what the League want is that lot to struggle on for long enough to be the Football League's problem next season.

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Kingsland Red

Kingsland Red

Posted
Posted
Well can't see how the £9m can be paid now they have lost the TV money, unless of course they get another loan, I'm losing count!

 

If he doesn't get the money then I expect he keeps the land.

That would cause a major problem if the club went into administration as any potential buyer would still have the balance to pay to get back the land.

Complicated or what?

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CB Fry

CB Fry

Posted
Posted (edited)
(1) As opposed to their "Spiritual Home" of the old Gasworks ??? Not many knew of that site until the Gas Company made it available

(2) Was it only 25K ?? It could easily have been made bigger

(3) Cinema ?? Don't think so, but there were other "business" options which would have supplemented running a Football Club

(4) Don't just pick a FEW words CB, I mentioned ALL the infrastructures, Road, Rail, Airport, and general accessibility

For example, from Millbrook to Stoneham would have been circa 10 minutes max, which is quicker than Millbrook to St Mary's

(5) I have more of a clue than you my friend. All you can do is to insult when you do not agree with someone else

 

So, with a name like yours, I suggest you go back to cricket:cool:

 

 

1) Errr - St Mary's Stadium is really rather near the spot the original club was formed, but no, you're right, an industrial estate just outside Eastleigh is where the soul of the club really is. And I don't think anyone was advising knocking down St Mary's Church to build a ground, so the Gasworks site was a sensible option was it not? you have no clue and never have.

 

2) Yes it was 25k. What is the point of building a 25k stadium that "could be expanded" in the middle of nowhere when you can have a 32k stadium actually in the bloody city the club is from. We are Southampton Football Club. For the city of Southampton. For the people of Southampton. You have no clue and never have.

 

3) Cinema, Bowling Alley, Supermarket, whatever, the point stands. Why you are obsessed with business ventures I don't know. Stop worrying about profits and maybe concentrate on the football and the city our club represents and being in the heart of that city. That's what really matters. Not a frigging hotel or a bowling alley.Have you been to the Madjeski? Have you? And that's what you really wanted for our club and our city? Is it? You have no clue and never have.

 

4) Do you travel by Helicopter? You can't walk from Millbrook to Stoneham, but you can walk from Millbrook to town. Or hop on a bus. Or drive. It's a piece of ****. Getting to town is pretty easy and you certainly don't need a car from most parts of the city. But you would need a car to get to some godforsaken trading estate you get all dewy eyed about.

 

If your priority as a football fan is transport links then support a club with better transport links. I support a club based in the heart of the city of my birth just a stones throw away from its birthplace. What a fantastic place to be. You want it next to a branch of Lidl and a Frankie and Benny's in the middle of nowhere. Brilliant. I'm right and you have no clue and never have.

 

5) All you do is drone on about Lowe over and over and over again. You haven't got a clue and you never have. How about telling us how absolutely brilliant SISU are again, your other heroes, because Coventry are streaking up the table at the moment aren't they. Look at them go. SISU and Stoneham, the SaintRichmond "fan's first" dream ticket. You have no clue and nver have.

Edited by CB Fry
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Thedelldays

Thedelldays

Posted
Posted

even the royal navy are putting the boot into pompey..

 

seeing as the blue few simply done have any facilities, they were using HMS Collingwood to train their academy....from what I am hearing, they were told not to return after today until they pay the bill..

 

massive LOLs

progress.gif

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SaintRichmond

SaintRichmond

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Posted
1) Errr - St Mary's Stadium is really rather near the spot the original club was formed, but no, you're right, an industrial estate just outside Eastleigh is where the soul of the club really is. And I don't think anyone was advising knocking down St Mary's Church to build a ground, so the Gasworks site was a sensible option was it not? you have no clue and never have.

 

2) Yes it was 25k. What is the point of building a 25k stadium that "could be expanded" in the middle of nowhere when you can have a 32k stadium actually in the bloody city the club is from. We are Southampton Football Club. For the city of Southampton. For the people of Southampton. You have no clue and never have.

 

3) Cinema, Bowling Alley, Supermarket, whatever, the point stands. Why you are obsessed with business ventures I don't know. Stop worrying about profits and maybe concentrate on the football and the city our club represents and being in the heart of that city. That's what really matters. Not a frigging hotel or a bowling alley.Have you been to the Madjeski? Have you? And that's what you really wanted for our club and our city? Is it? You have no clue and never have.

 

4) Do you travel by Helicopter? You can't walk from Millbrook to Stoneham, but you can walk from Millbrook to town. Or hop on a bus. Or drive. It's a piece of ****. Getting to town is pretty easy and you certainly don't need a car from most parts of the city. But you would need a car to get to some godforsaken trading estate you get all dewy eyed about.

 

If your priority as a football fan is transport links then support a club with better transport links. I support a club based in the heart of the city of my birth just a stones throw away from its birthplace. What a fantastic place to be. You want it next to a branch of Lidl and a Frankie and Benny's in the middle of nowhere. Brilliant. I'm right and you have no clue and never have.

 

5) All you do is drone on about Lowe over and over and over again. You haven't got a clue and you never have. How about telling us how absolutely brilliant SISU are again, your other heroes, because Coventry are streaking up the table at the moment aren't they. Look at them go. SISU and Stoneham, the SaintRichmond "fan's first" dream ticket. You have no clue and nver have.

 

 

Am I to understand that you are at odds with my opinions CB ????:cool::D

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SaintRichmond

SaintRichmond

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Posted

1) Errr - St Mary's Stadium is really rather near the spot the original club was formed, but no, you're right, an industrial estate just outside Eastleigh is where the soul of the club really is. And I don't think anyone was advising knocking down St Mary's Church to build a ground, so the Gasworks site was a sensible option was it not? you have no clue and never have.

 

Got me there CB. Most current Saints fans must be old enough to remember the original ground at St Mary's. Do you remember when Saints played on the Varsity Ground ??? Not exactly the heart of the City. But I agree that the actual St Mary's Stadium, now right in the middle of an industrial estate, must be where the soul of the Club really is, for some. ( and I don't recollect ever suggesting knocking down St Mary's church by the way )

 

2) Yes it was 25k. What is the point of building a 25k stadium that "could be expanded" in the middle of nowhere when you can have a 32k stadium actually in the bloody city the club is from. We are Southampton Football Club. For the city of Southampton. For the people of Southampton. You have no clue and never have.

 

Was the 25K Stadium built ? No. Could the negotiations re the Stoneham project have been upgraded to 32K ? Yes. Did Lowe C*ck up the negotiations ? Yes. Was he responsible for St Mary's ending up as a FINANCIAL millstone, Yes

 

3) Cinema, Bowling Alley, Supermarket, whatever, the point stands. Why you are obsessed with business ventures I don't know. Stop worrying about profits and maybe concentrate on the football and the city our club represents and being in the heart of that city. That's what really matters. Not a frigging hotel or a bowling alley.Have you been to the Madjeski? Have you? And that's what you really wanted for our club and our city? Is it? You have no clue and never have.

 

We concentrated on a Stand alone Football Stadium at St Mary's, and when times got bad, and then worse, Revenue from the Footballl only fell away. Still, in your eyes we must stop worrying about profits eh, and concentrate on Football, just like Lowe did ?? Yes, I have been to the Madjeski, but I don't recall saying that Stoneham should be a carbon copy of it

 

4) Do you travel by Helicopter? You can't walk from Millbrook to Stoneham, but you can walk from Millbrook to town. Or hop on a bus. Or drive. It's a piece of ****. Getting to town is pretty easy and you certainly don't need a car from most parts of the city. But you would need a car to get to some godforsaken trading estate you get all dewy eyed about.

 

Hellicoptor, No. I (wrongly) gave you credit for realising that I meant Millbrook - Stoneham would have been by car on the Motorway. I'm glad you are fit enough to walk from Millbrook to town, how long would that take you ? The point was though, it is longer than Ten minutes. I travel by bus from Lordshill to the City Centre, then walk from the Royal Oak to the ground As for "God forsaken trading estate" , I thought St Mary's was in one of those. And, from the Royal Oak it's not exactly a straight line to get to is it ?

 

If your priority as a football fan is transport links then support a club with better transport links. I support a club based in the heart of the city of my birth just a stones throw away from its birthplace. What a fantastic place to be. You want it next to a branch of Lidl and a Frankie and Benny's in the middle of nowhere. Brilliant. I'm right and you have no clue and never have.

 

Good transport links DO count to a lot of people, whether you accept it or not. From the City Centre, it IS awkward to get to for a lot of Supporters. The Stadium itself is Great, I have always said that Lidl ?? Tesco surely ? ( every little 'elps )

 

5) All you do is drone on about Lowe over and over and over again. You haven't got a clue and you never have. How about telling us how absolutely brilliant SISU are again, your other heroes, because Coventry are streaking up the table at the moment aren't they. Look at them go. SISU and Stoneham, the SaintRichmond "fan's first" dream ticket. You have no clue and nver have

 

Lowe ? Yes I drone on because he nearly destroyed the Club, OUR Club People moaned at me before when I said he'd be back. Well, he did come back, thanks to Judas Wilde.

SISU ? At the time, they WERE a way out of the PLC under Lowe. Coventry may be only mid table, but they do have the minor advantage of STILL being in the CCC

The irony of all this difference of opinion is that we are BOTH Saints Fans. I've been one since 1954, 48 Years as a ST Holder, and at St Mary's, I cheer the team

Still, 56 years of not having a clue must be some sort of record don't you think CB ??

Only on this site I moan. Funny old game innit ??

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ringwood

ringwood

Posted
Posted

' From the City Centre, it IS awkward to get to for a lot of Supporters.'???????????????

 

What on earth? I drive from Dorset, park by Radio Solent and walk across the park etc, no problems except the one evening this year they decided to do road works.

 

City centre means I can drive, catch a train, hop on a bus, I have a choice of food outlets, I can decide to come in early and shop, whereas an out of town stadium does nothing for the city. Most people appear to have two legs and seem to have mastered the art of putting one in front of the other and walking.

 

Being in town also encourages the casual walk up supporter who see's people moving towards the ground and decide to go to the game, unlikely you'd get much walk up from the airport or motorway

 

This of course has little to do with the comparison between the state of the two clubs lowest points

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sidthesquid

sidthesquid

Posted
Posted
How has this thread degenerated into a pointless slanging match about Lowe/St Marys/Stoneham. Can we get back to laughing our ar$es off at Sh!t City please?

 

Totally agree - who cares about Stoneham? It's about as relevant as discussing whether the captain of the Titanic should have turned left, not right, & missed the iceberg. It's done, finished & consigned to history, just like our fishy friends soon will be, but that is happening now.

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Paul75

Paul75

Posted
Posted

Not sure how old this is, but worth a laugh

 

Players from Portsmouth FC visited sick children at the Children’s Hospital over the Christmas period.

 

"It's nice to put a smile on the faces of those who are worse off than we are and who are facing a long uphill struggle," said David, aged 6.

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CB Fry

CB Fry

Posted
Posted (edited)
Totally agree - who cares about Stoneham? It's about as relevant as discussing whether the captain of the Titanic should have turned left, not right, & missed the iceberg. It's done, finished & consigned to history, just like our fishy friends soon will be, but that is happening now.

 

 

Richmond seems obsessed with not having the club there.

 

I love the fact our stadium is in the heart of the city it serves, seconds away from where it was formed and right on top of the streets and houses of one of the oldest areas of the city in its working class heartland.

 

Some people still mourn the fact we're not in a souless out of town trading estate outside the city in the middle of nowhere. In a stadium much smaller than the one we have.

 

I think almost every rational fan breathing air would say that the stadium we have and the location it is in is fantastic.

 

But some folks just aint rational.....

Edited by CB Fry
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hackedoff

hackedoff

Posted
Posted

Are people aware that one of football,s most colourful characters,John ( Portsmouth FC ) Westwood will be visiting SMS this coming Saturday. Hoping to highlight the plight of Portsmouth and as it,s the season of good will, he will be collecting money from neighbouring club supporters to help pay the Pompey wage bill.

Dressed in his full Pompey attire,he will be available to pose with rival fans for a small fee - (form an orderly queue ladies ).

John will be by the Ted Bate,s statue from 12pm up to kick-off for anyone interested in fund raising or for a general chat about all things PFC.

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ringwood

ringwood

Posted
Posted

Quote:

Originally Posted by Tac-tics View Post

Evening guys, No pming tonight, I've been up at hospital, found a chap out for the night in the snow!!!!

Turned out to be my part-time bosses hubby!!!!

 

Nothing new to report, just a bloody scary night.

 

http://www.ccfc.co.uk/page/CoachingS...664275,00.html

 

This is the chap I imagine Eric is talking about, sorry I got the second name wrong, I imagine saint devo is ready to pounce.

 

But however he did appear to have a history at Palace, so I am 110% behind this chap.

 

Only phone calls and I wont be in office tomorrow, I have text him asking to let me know any news, hopefully the snow has'nt held it up.

Steve Harrison, famous for his practical jokes. I remember reading an article on him once where a Club director heard a commotion coming from a hotel room where the team was staying. He entered the room to find Harrison sat on top of a wardrobe aiming a turd into a cup sat on the floor below...apparently!! He promptly got the sack.

 

 

Perhaps Mr Westwood should get Steve Harrison help him fill his bucket!!!!!

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mcjwills

mcjwills

Posted
Posted
Are people aware that one of football,s most colourful characters,John ( Portsmouth FC ) Westwood will be visiting SMS this coming Saturday. Hoping to highlight the plight of Portsmouth and as it,s the season of good will, he will be collecting money from neighbouring club supporters to help pay the Pompey wage bill.

Dressed in his full Pompey attire,he will be available to pose with rival fans for a small fee - (form an orderly queue ladies ).

John will be by the Ted Bate,s statue from 12pm up to kick-off for anyone interested in fund raising or for a general chat about all things PFC.

 

I hope this is a **** take, because all eveyone will want to do is urinate over him to give him back what he left at St Marys

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OldNick

OldNick

Posted
Posted
Are people aware that one of football,s most colourful characters,John ( Portsmouth FC ) Westwood will be visiting SMS this coming Saturday. Hoping to highlight the plight of Portsmouth and as it,s the season of good will, he will be collecting money from neighbouring club supporters to help pay the Pompey wage bill.

Dressed in his full Pompey attire,he will be available to pose with rival fans for a small fee - (form an orderly queue ladies ).

John will be by the Ted Bate,s statue from 12pm up to kick-off for anyone interested in fund raising or for a general chat about all things PFC.

is this for real????????? Last time they were in administration they told us to f### right off when help was offered.

Ironic a Pompey fan begging by the TB statue.He was there when they disrespected the great mans name.

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Chez

Chez

Posted
Posted
Are people aware that one of football,s most colourful characters,John ( Portsmouth FC ) Westwood will be visiting SMS this coming Saturday. Hoping to highlight the plight of Portsmouth and as it,s the season of good will, he will be collecting money from neighbouring club supporters to help pay the Pompey wage bill.

Dressed in his full Pompey attire,he will be available to pose with rival fans for a small fee - (form an orderly queue ladies ).

John will be by the Ted Bate,s statue from 12pm up to kick-off for anyone interested in fund raising or for a general chat about all things PFC.

 

he will be in London on Saturday watching the skates lose to Fulham...not sure I understand your joke?

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PaulSaint

PaulSaint

Posted
Posted
is this for real????????? Last time they were in administration they told us to f### right off when help was offered.

Ironic a Pompey fan begging by the TB statue.He was there when they disrespected the great mans name.

 

He also removed his Kn*b and pee'd on our seats, he wont be getting a penny from me, Knut!

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instinct

instinct

Posted
Posted

A post on f365 forum:

 

 

The theory is that Sasha Gaydamak is still indirectly in charge of the club (using it for money laundering) and is basically withdrawing the vast majority of income from player sales, TV revenue, gate receipts etc into his own accounts, whilst using loans to pay for day-to-day expenses, thus building up the debt. This will go on until the club inevitably enters administration and in most likelihood folds completely.

 

A few things to consider –

 

- Despite all the player sales over the past year or so (Diarra, Muntari, Johnson, Defoe, Crouch, Distin, Kranjcar, Mendes) bringing in around £80m in income, plus the Sky money, ticket sales and other revenues, which must total around £150m, there is still no sign that the debt situation has changed – we’re still struggling to pay basic expenses such as the player salaries, this despite now having one of the lowest wage bills in the league. Were our debts really that big to begin with? Unlikely.

 

- Pretty much every business Sasha Gaydamak has ever owned has gone into liquidation.

 

- Ali Al-Faraj is still a complete unknown. He was a supposed “billionaire”, yet no-one had ever heard of him, even in his homeland of Saudi Arabia. He is yet to turn up to any games (not even Man Utd at home, despite word going around that he would attend) which was originally put down to permit issues, yet his “brother” has attended some games. No-one is quite sure who he is or where he got his money from, and all that has been released of him is this one photo:

 

Ali_Al_Faraj_280x39_905191a.jpg

 

Is this man in the photo Ali Al-Faraj, or just some random Arab being used as a smokescreen for Gaydamak’s cash cow scheme? Is Ali Al-Faraj even a real person, or is he completely made-up? And if he isn’t a real person, how the f**k did he pass the FA’s Fit and Proper Person Test?! Keep in mind that Al-Faraj reportedly didn’t spend a penny on buying the club; all he did was take over the clubs debts. In theory I could have done that – all I’d need to do is fool the FA into thinking that I had the financial clout required to run a football club. And as we all know, the FA are useless bunch of tossers anyway.

 

- Two men called Balram Chainrai and Levi Kushnir loaned us £15m in September to help with costs. These two men co-founded a company called Ameris Holdings, who sold 65% of shares to Sasha Gaydamak’s father Arcadi (who has an arrest warrant out for him in France for arms dealing during the Angolan civil war. He’s been sentenced to six years but is now hiding back in Russia as they have no extradition treaty with France) Anyway, Arcadi used to be owner of Beitar Jerusalem *****il July this year) but ran into some problems with Israeli law and had his account frozen. His business partners Chainrai and Kushnir sued Arcadi for failing to buy the rest of the shares of their company Ameris Holdings as was apparently agreed, and were awarded £16m from Arcadi’s frozen accounts. They then lend Pompey £15m for apparently no reason at all…. seems like a good way of transferring cash from one frozen bank account to another active one, no?

 

- Another face currently hanging around the club is someone called Danny Azougy, who has been brought in as a financial advisor. He is an Israeli lawyer/accountant and multi-time convicted fraudster you used to work for, yep, Arcadi Gaydamak.

 

Quote:

“Disgraced lawyer Daniel Azougy is controlling the club’s finances, despite a string of convictions for fraud dating back eight years. He was found guilty of FOUR counts of embezzling client funds in Israel in 2002. He was sentenced to five months in prison – but did not spend any time behind bars as he was allowed to do his time in community service instead. Azougy was also banned from practising law by the Israeli Bar Association for FOURTEEN YEARS. Then in March this year, Fratton Park’s new finance man was sentenced to two months’ community service and a year’s probation – and fined £25,000 – for a securities fraud resulting from a dodgy share transfer back in 1999.Azougy was found to have lied to the Israeli Stock Exchange bosses over the deal. He got off with a light sentence because the offence happened 10 years earlier.”

 

Azougy specialises in liquidation and was appointed by Arcadi to deal with the asset stripping of Beitar Jerusalem towards the end of his reign. And here he is again, no doubt appointed by the same person to do a similar job.

 

- Two other names, Roni Mana and Yoram Yosepov, have been linked as potential investors to the club. They denied it, but admitted on record that they are acting as “business advisors” to Ali Al-Faraj and claimed they persuaded him to appoint Avram Grant as manager. Type the name ‘Roni Mana’ into Google along with Gaydamak and you’ll see, unsurprisingly, they have quite a history of dealings too. The first result says Mana “has been the middleman in all of Gaydamak's recent business transactions”. It’s clear that the people being deployed by the club are Gaydamak’s people, not Al-Faraj’s, if he even exists.

 

- Where does Al-Fahim fit into this? Well, my theory is that he intended to buy the club back in May and had a serious backer lined up (probably Thaksin Shinawatra as reported) but that went down the pan. Once it became clear Al Fahim didn’t have anywhere near the required financial means on his own, and after he failed to attract other investors to pay off the remainder of Sasha’s demands, Sasha went with Plan B – Al-Faraj the mirage – and decided to rape the club for everything he could. He clearly doesn’t give a sh*t whether the club survives or goes bust, and why should he? Al-Fahim is left sat there as a non-executive chairman, owning 10% of a worthless company, with no money and no decision making authority like the useless fat ***** that he is.

 

 

So there you have it. Clearly there’s a lot of dodgy stuff going on. I’m 100% sure the Gaydamak’s are still in charge, and as they have no invested interest in keeping the club afloat, I really can’t see a happy ending to it all. No investors are going to want to buy the club – not when you consider the current league placing, shocking infrastructure and (somehow still) massive level of debt. Now the winding up order has been set, the end seems to be nigh. The club is getting f**ked up the arse and I honestly reckon we’ll be out of business in the coming months. Possibly administration as early as next month.

 

 

 

Bottom line is, Pompey look fooked.

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martel

martel

Posted
Posted
'End of the week, hopefully' SSN

 

The latest on SSN is tomorrow morning, just after the interview with Gordan Taylor, he did say that he was confident that Portsmouth would pay its players by the end of the week, however, when asked about the long term he had no answer to that question.

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