Pompey Takeover Saga

I believe some of those plucky heroes are on the payroll until 2016.

 

We might reach that dangerous area pretty soon where that small fraction of the historical debt still needs servicing, but the all-encompassing parachute payments have finished and have already been spent on shiny tat and prostitutes.

I expect they knew the increased PPs were coming, so were already factored into the budgets. However the loss will be nearer to half a million once they realise there are 12 whole months in every year, and would have been around a million without the increased equity.

 

But don't forget that by the magic of Pompey maffs, that 11 month period will actually cover TWO seasons worth of [season] ticket sales! They didn't sell any last season until they 'owned' the club which is when they started their books and will definitely include the early bird season ticket sales for this season!

Help fund the greatest, bestest and only ever virtual community penalty spot on the surface of the moon. We realize you may not have any money, but don't despair, this doesn't stop you giving us your possessions! Who knows, that stuff in the loft you nicked from a skip might actually turn out to be a priceless relic of the great Pompey Victory board room. We still haven't recovered the box that held the dusters - it's got to be out there somewhere.

 

http://www.portsmouthfc.co.uk/news/article/donate-items-to-help-pompey-academy-1777539.aspx

A little over £150,000 to raise and 18 days left. Looks like they are slipping behind the curve now.

 

 

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I still think it's a little tasteless that they cosy up to genuine charities and split a donation with them.

Do other football clubs beg for themselves using another cause as a selling point?

It follows on from the charity bike ride.

 

But in the wake of failing to pack-the-park and the gobbing at the board, Mr Hall's repeated claim about having the best fans in the world is now just plain embarrassing! #puddingbasinhaircut #deluded

poor old Jack Sims and Oakley Smith will have to wait a bit longer for their life saving operations.

 

Those penalty spots don't paint themselves you know.

They need more presidents, yours for just £50K.

 

http://www.portsmouth.co.uk/sport/pompey/pompey-searching-for-new-recruits-1-6197104

They need more presidents, yours for just £50K.

 

http://www.portsmouth.co.uk/sport/pompey/pompey-searching-for-new-recruits-1-6197104

 

Regardless, Catlin insists presidents have a wide range of benefits for their investment, while those investing £100,000 or more are entitled to sit on an advisory board which meets quarterly.

 

 

Would love to know what this would be, a virtual seat in the directors box perhaps? a virtual bottle of champers?

They need more presidents, yours for just £50K.

 

http://www.portsmouth.co.uk/sport/pompey/pompey-searching-for-new-recruits-1-6197104

 

A couple of observations.

 

Right now they have 12 "Presidents". This £50k offer to add to their ranks has been open since before April and, as far as I can tell, the number has stayed at 12 the entire time. They havn't sold a single "Presidents" package. I doubt that will change in the next 7 days.

 

Also, I love their liberal attitude towards deadlines:

 

Yet that is now drawing to a close in its existing form, as July 31 approaches.

 

That can be re-opened, however, although it may be in an altered form.

 

So the deadline isn't actually a deadline at all?

 

This on top of announcing "better than expected revenues" for the 11 months they were generating income, not including the quietest month of the year for a football club (June) of course, that included 2x season ticket sales and extra parachute payments.

 

This shambles of a fan ownership is going to end in tears. God help 'em if they don't get promotion this season!

But don't forget that by the magic of Pompey maffs, that 11 month period will actually cover TWO seasons worth of [season] ticket sales! They didn't sell any last season until they 'owned' the club which is when they started their books and will definitely include the early bird season ticket sales for this season!

If they are doing their accounting properly ( ), the season ticket money for the forthcoming season won't have been included in the profit/loss calculations for last season, regardless of when the money was received. Or at least that's what my Accounting A-Level told me 14 years ago.

Of course it's a proper deadline.

 

Just like the others were before this one.

.... those investing £100,000 or more are entitled to sit on an advisory board which meets quarterly.

 

So you'd hand over one hundred thousand pounds and in return you'd get tea and biscuits with anyone else as stupid as you 4 times a year.

 

My word....

So you'd hand over one hundred thousand pounds and in return you'd get tea and biscuits with anyone else as stupid as you 4 times a year.

 

My word....

the tax man and charities etc didnt even get that

http://www.portsmouth.co.uk/sport/pompey/pompey-squad-to-invest-in-trust-1-6199779

 

So the squad have clubbed together to buy A share. Not one each, A share.

 

'Also contributing are all registered Academy players, along with backroom staff at both first-team and youth levels.'

 

Wasn't there 27 at the last count? Add in the academy and backroom staff and it must anount to about twenty quid each. Just revel in that.

http://www.portsmouth.co.uk/sport/pompey/pompey-squad-to-invest-in-trust-1-6199779

 

So the squad have clubbed together to buy A share. Not one each, A share.

 

'Also contributing are all registered Academy players, along with backroom staff at both first-team and youth levels.'

 

Wasn't there 27 at the last count? Add in the academy and backroom staff and it must anount to about twenty quid each. Just revel in that.

 

And not one of them with enough backbone to tell them to stick it

http://www.portsmouth.co.uk/sport/pompey/pompey-squad-to-invest-in-trust-1-6199779

 

So the squad have clubbed together to buy A share. Not one each, A share.

 

'Also contributing are all registered Academy players, along with backroom staff at both first-team and youth levels.'

 

Wasn't there 27 at the last count? Add in the academy and backroom staff and it must anount to about twenty quid each. Just revel in that.

an easy way to get freedom of the city. A player that cares lol. I assume they took the idea from the News staff who also sometime ago threw their loose change in and bought one share

There was a time when the players were much wealthier than the supporters...that was then.

Huh. That could end up being interesting.

 

Can the owner of a club play for a different club, in the unlikely event that one of their players should want to ply their trade elsewhere?

Huh. That could end up being interesting.

 

Can the owner of a club play for a different club, in the unlikely event that one of their players should want to ply their trade elsewhere?

 

Would be interesting, if buying a "share" resulted in anything even remotely resembling ownership.

I'm going to write to Crisis and demand that I have a seat on their board following my share purchase last Christmas. At the same time I might ask why they called the share purchase a "donation". I didn't really understand at the time, and even now I guess it must be some jargon within the charitable sector.

Huh. That could end up being interesting.

 

Can the owner of a club play for a different club, in the unlikely event that one of their players should want to ply their trade elsewhere?

 

 

is this a first?

 

I can't remember, have any of their previous players purchased 'shares/donations'

 

I'm sure they would have shouted this from the roof tops.

oh,

 

and hello to page 1969. A Good Vintage page.

http://www.portsmouth.co.uk/sport/pompey/pompey-squad-to-invest-in-trust-1-6199779

 

So the squad have clubbed together to buy A share. Not one each, A share.

 

'Also contributing are all registered Academy players, along with backroom staff at both first-team and youth levels.'

 

Wasn't there 27 at the last count? Add in the academy and backroom staff and it must anount to about twenty quid each. Just revel in that.

 

Wow.

 

I would understand if it was just the 'academy' and coahes, as they wont earn much, but for the first team to offer such a small contribution, whilst the club bully and harrass normal people to hand over a grand, well thats extremely poor form.

 

 

That said, they're always good for a LOL. Connelly probably made more cash out of the skates taking a dump in the/his medical room, than he has invested in the presidents property venture.

It’s a timely gesture, with the share issue scheduled to end on Thursday, July 31.

 

No, it's a timely press release that attempts to drag the last dirty quid out of a Portsea resident who can't grasp the differences between charity, shareholding or begging.

Another question, is Tifosy like Kickstarter, in that unless the full amount is raised, the backed project doesn't get anything?

 

Or do they just hand over whatever is raised?

Heh, good question Jimmy. It also leads to asking what happens to the money raised if it is handed over but is nowhere near enough to build the extra academy pitches? Will it simply be used to plug another hole in their ongoing finance woe? To keep them ticking over for another week or two?

http://www.theguardian.com/business/2014/jul/25/supermarkets-planning-permission-cancelled-new-stores-shopping-habits-change

 

Please, please, pretty please...

http://www.property-guide.reita.org/subsection.php?ss_id=4

 

I guess that if Tesco pull out then the Spurs developer guy will be pretty miffed and might have to cut back on his contribution to the Skate begging bowl :)

I think I need an historical update here based on the Guardian article that Tesco are pulling investment plans for larger stores such as that proposed alongside Fratton Park.

 

* Who owns the car park if Robinson defaults?

* What financial machinations were agreed between Pompey, Robinson and the Council?

 

I'm sure there is more to consider.

Robinson owns the land. He bought it from the Administrator (Miland Developments or whatever it was called).

 

The land is currently not zoned for retail, and has development controls under the local plan (not, as far as we know, restrictive covenants which would be in the Deeds and a bit more cumbersome to remove). Best guess is that PCC "agreed" to relax it's controls relating to sporting use and permit retail as long as PFC don't object. PFC agreed not to object in exchange for a backhander.

 

All purely academic if Tesco don't want to build a store there. Then it just reverts back to a light industrial brownfield wasteland invaded by hooligans on a regular basis, and with "difficult" planning restrictions.

 

My guess is, if Tesco pull out and no other store is interested to step in, that Robinson's next best option is not to have a "football arena" as a neighbour. I wonder if they still owe him money, and what would happen if they default on their payments?

Potentially another nail in the coffin of Tesco at FP?

 

http://www.bbc.co.uk/news/business-28495631

it's funny how football's pressures change as you go through the leagues.

 

Barcelona's only acceptable season is to win EVERYTHING.

Liverpool have to win the Premier League.

Spurs MUST finish in the top four.

We are worried because we have taken about £100M in transfer fees and have yet to re-invest.

Brighton are desperate to finance a promotion challenge.

Bournemouth are gathering a squad to try and stay in the Championship.

And pompey have to decide whether they should get someone to run an iron over their press conference tablecloth, or spend the money on begging buckets.

it's funny how football's pressures change as you go through the leagues.

 

Barcelona's only acceptable season is to win EVERYTHING.

Liverpool have to win the Premier League.

Spurs MUST finish in the top four.

We are worried because we have taken about £100M in transfer fees and have yet to re-invest.

Brighton are desperate to finance a promotion challenge.

Bournemouth are gathering a squad to try and stay in the Championship.

And pompey have to decide whether they should get someone to run an iron over their press conference tablecloth, or spend the money on begging buckets.

 

Or buy some virtual paint in order to paint some more virtual penalty spots - that stuff ain't cheap you know!!

"What are the scores, George Dawes...?"

 

 

"Ebbsfleet have 3 goals, Portsmouth have 0 goals"

 

Badum tish(fish)!

 

Edited 27 July, 2014 by Matthew Le God

And pompey have to decide whether they should get someone to run an iron over their press conference tablecloth, or spend the money on begging buckets.

 

Begging buckets. It's obvious. Clearly you never studied at the LSE.

Begging buckets. It's obvious. Clearly you never studied at the LSE.

 

Just like we're investing in the future with state of the art training facilities for use by our exceptional academy, they should be investing in state of the art buckets for their exceptional beggars.

"What are the scores, George Dawes...?"

 

 

"Ebsfleet have 3 goals, Portsmouth have 0 goals"

 

Badum tish(fish)!

 

lol,I look forward to the. News putting the positive slant on that result. It will be about the brave players who gave blood on the battlefield of Ebbsfleet, The drums and bells were ringing out well into the night as the bestest fans cheered their players who gave everything off the pitch. The fans packed into the Victory lounge where the game was beamed back live sang sea shanties in honour of the narrow defeat. There are positives to be taken said Awford after the game it should have been 4or5 nil

.

What is an Ebsfleet?

Good on the main board at the mo, INNIT!!!!

Good on the main board at the mo, INNIT!!!!

 

Yeah, bickering about what the hell to do with our 100,000,000 quid begging bucket.

 

Wow! That was a lot of zeros to type! That actually surprised me! LOL

didn't know we had one!

Good on the main board at the mo, INNIT!!!!

 

Aye. It's almost as depressing as it was during our last 3 meltdowns....

Ironic isn't it.

 

pompey bought loads of players when they were skint

saints are selling ours despite being loaded

Ah, that's better. Haven't been browsing this thread for ages but after the past few months on the main board I need something to brighten my day. Amazing how quickly it happened, just reading a couple of posts here and I'm back to normal

Good on the main board at the mo, INNIT!!!!

have you lot got a forum? i thought POL had been taken down, last i heard it was because it was so lacking in members and activity that Google thought it was a dormant site.

Just as you reach a state of despair, the good old Skates always do something to bring a smile to your face. Good old Ebbsfleet, whoever they are, and just when Awful Andy looked like he might be getting their sh1t together.

Ebbsfleet (formally Gravesend & Northfleet) were the team who were bought out by My Football Club, a scheme that involved football fans from all around the world buying membership in the club in return for a say in the running.

 

http://en.wikipedia.org/wiki/MyFootballClub

 

It all went tits up.

have you lot got a forum? i thought POL had been taken down, last i heard it was because it was so lacking in members and activity that Google thought it was a dormant site.

 

How the f**k do i know was banned years a go for not toeing the party line, (got board posting to myself)

Still some good news i see you have a friendly against Blackpool on satdee,,,,,,,,,,looks like being a 5 a side match!

love to swap banter Mack but we have a few of our own little internal distractions to sort first.

 

 

 

NORMAL ABUSE WILL BE RESUMED SHORTLY

How the f**k do i know was banned years a go for not toeing the party line, (got board posting to myself)

Still some good news i see you have a friendly against Blackpool on satdee,,,,,,,,,,looks like being a 5 a side match!

I suppose having 6 toes you had a lot of chances to toe the line.

I notice that joke is on the main board