aintforever

I wouldn't worry about it, as long as you keep paying the mortgage they won't give a sh!te what you do with it.

It is madness, this country should be investing in this sort of industry. Even if they cost more to build here the benefit to the economy as a whole would make it worthwhile. Just giving it to the cheapest bidder is short-sighted and retarded.

Apparently this is AA's version of the debacle down the road (dunno if genuine or not (from a skate site)): "Ok here we go : for the record I stopped reading blogs and twitter and Facebook accounts two years ago - so I don't know what is written but this is my account and you can post it anywhere ! I and UHY were brought into help pfc in feb 2010 .... The club was in a desperate shape and in financial shamble with debts exceeding 100 million and cash burning at about 3.5 million a month ... Without going into any more detail we got a CVA approved against the wishes of HMRC and left the club owing creditors under the CVA anything between 5 and 16 million - this figure was supposed to be worked on by Baker Tilly the liquidators appointed by HMRC - but two years later nothing has been agreed. The only other creditor left was Portpin in the sum of 17 million secured on the assets of the club. If you remember we tried to sell the club to various parties during the close season and the summer of 2010 but ignoring the tyre kickers no one came forward. As the last resort Portpin purchased the club in September 2010 in order to secure its position . After the sale we had very little to do with the Club and intact I remember that the last time I visited the Club was in January 2011 after which we vacated as Administrators . Several months later Portpin with the help of Seymour Pearce found CSI as a potential purchaser. PKF were CSIs auditors and advisors. UHY had nothing to do with this transaction. PKF undertook the due dilligence and confirmed Portpins security! And eventually helped Antonov and CSI to buy the Club in June 2011. Portpin were not paid any money - but received a bank guarantee from Snoras Bank to be repaid 17 million in two years time .. In the meantime portpin was to receive quarterly interest payments at 8% per annum: Portpin were paid one quarters interest payment before the fateful november 2011. Between June and November 2011 CSI injected about 11 million into the Club with the full knowledge of PFK ... This money was not used by the board to repay creditors under the CvA but used and invested in the playing squad, increasing its financial commitments, exacerbating it's financial demise. In November after the unprecedented demise if Snoras Bank, UHY were called in to advise on CSI and the financial commitment under the bank guarantees to Portpin loan of 17 million. We decided that in order to protect CSi from the claims from the governments of Lithuania and Latvia that it should go into Administration. PFC was a subsidiary along with 7 other businesses. When we looked at PFC we discovered that nothing had been learned from the previous years and that the Club needed continued investment to keep it alive; approximately 5 million to fund it until June 2012 and another 7 million the following year . CSI had no money so we tried to find a buyer : we had numerous parties come forward : we even tried to sell other CSI assets to create working capital to preserve the Club . By December the club had all but run dry of money to au wages so we convinced Portpin to inject a further 250 k to pay the payroll - but on the basis that the board sold players in the January window to provide the necessary cash to keep the Club alive : portpin pledged to inject a £1 for every £1 generated in that window... We tried every angle to generate interest in our players to keep the Club alive : the board and I. In particular Mr Lampitt did nothing . In the end on the last day of the window we had an offer for two of our players for just under 1 million ::: lampitt switched his phone off during the day and when I actually got through to him to arrange for the players to go and agree terms and have medicals he refused permission for the players agents to talk to the club / he effectively killed the deals knowing it was the last chance of the club to avoid Administration. For the record in our position as de facto shareholders he was put on notice that he was being dismissed for gross negligence . We therefore had no choice but to apply for administration. You will note that we did the financial modelling for the Club in Administration and we worked out that we possibly needed 500k to make sure the club had enough money to complete the season - so we asked portpin to give us a facility of 500k in case we needed it - it wasn't a bribe just a banking arrangment! As far as the security of Portpin we have never advised on it ; it was PKF funnily enough that looked at it several months ago. We didn't rely on it that's why we asked the Board to appoint us and not Portpin.. One final point - my personal opinion - Mr Lampitt - something very wrong here. He had worked tirelessly the last few months maligning me and my firm with the various supporters groups, the local council and even the local MP. His efforts proved fruitful because in the end it contributed in my firm being removed and HMRC nominated firm PKF being appointed. It is my opinion that Mr Lampitt was a major reason why the Club is now in Administration and that he was working to another agenda. I don't want to subscribe to any conspiracy theories but I think he wants the Club liquidated so that it has a fresh start - even at non league status - but with the satisfaction that Portpin loses all its money ! And why you may ask ..... Fact portpin recruited Lampittt and introduced him to us as a replacement for Mr Storrie - looked the part as he came from the FA.. Fact : Lampitt drew up a contract and demanded a commission payment from Portpin when it ever sold the Club. Fact when portpin sold the club to CSI Lampitt demanded his commission but because no monies were exchanged he became an aggressor to Portpin because they refused to pay him his 5% on 17 million .. Fact when csi fell into administration Lampitt found the opportunity to attack portpin and us in order as retribution. I only found out the financial arrangements of Mr Lampitt in the last 24 hours but it puts everything into perspective .... What a disaster and to add to this Mr Lampitt aided the appointment of HMRC own nominated administrator : PKF wouldn't you know it!

As it is in many Muslim countries.

Just popped down, they told me to f*ck off because I'm Jewish.

Christianity and Islam are backwards IMO. Muslim countries are undoubtably more so. It's a bunch of ****ed up fairy-tales anyway. All the people I know who go to church admit it's all b*ll*x when you drill down into what they actually believe.

There has to be a fair chance of the FL just keeping them going to the end of the season. It's too much of a headache having them go pop now and all the results expunged. It won't matter one bit in the summer if they die.

Sheanne: Fans are talking about ways to fill the ground on match day PMSL

Blimey, Corp's back. Last time he showed his boat on here CSI were reputable bankers!

Maybe because he could trust AA not to liquidate?

I would be amazed if Chainrai left himself open to that, he's a money lender.

Just the skates. If they don't go down then it's the clearest case of financial cheating ever seen in British football.

Great team performance, great to have Lallana back to his best.

Nice read but I don't agree. Portsmouth will always have a football club even if they are liquidated. They will just start up again in some local league and work their way back up. It's just like being relegated 4 or 5 times so it's a bit hypocritical to say you want them relegated but no liquidated.

I think the Bournemouth and Rotherham punishments were for not exiting admin with a CVA, they were docked 15 points plus another two for being their second admin. I expect the skates will get away with it again, -10 wont send them down this year because Doncaster, Coventry and Forest are so ****e. But there is a chance of pompey being hit with -17 or more again if they fail to service their current CVA or don't get a CVA from this admin or exit before the start of next season. Ideal scenario would be relegation this year, fail to get a CVA in the summer and starting next year on -20 in league 1.

But doesn't the ownership change when in admin? I thought the shares became worthless?

Making AA administrator would be a bonkers decision.

But he didn't so Fry made a correct call.

From his point of view it actually was, he got Leon Crouch to chuck a six figure sum in the bucket to pay the wages while he drew a fat salary before Marcus saved us.

Matthew 7 24 “Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock.25 The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock. http://www.saintsfc.co.uk/page/NewsDetail/0,,10280~2613018,00.html 26 But everyone who hears these words of mine and does not put them into practice is like a foolish man who built his house on sand.27 The rain came down, the streams rose, and the winds blew and beat against that house, and it fell with a great crash.” http://www.bbc.co.uk/sport/0/football/17067079

Is there actually any laws against people doing this? Scum that post vile stuff like that should be banged up. I wonder what would happen if someone sued Twitter over this sort of thing, they are broadcasting what is being said so should take some responsibility.

They will be just as easy to hate when they are in the Evo-Stick South Premier. If you miss derby days that much just pop down to Totton when they play them. I for one couldn't give a monkeys, I find the derby games just alot of hassle, the games are usually poor as well.

Like every other skint club has had to. The arrogance of the skates is astounding, they seem to think they have a god given right to field a strong first eleven regardless of the financial state of the club. We went into a game against Man Utd with Mat Paterson up front FFS, we were actually TRYING to pay our debts.

Surely they must receive an extra points deduction for having the parachute money early? It's a clear advantage over the other clubs in the division that don't have the same payments.

Can you be administrator of 2 different companies at the same time?