Ken Tone

Serious answer. Their attedance figures in L2 ought to be enough to comfortably support a L2 club. However , on top of all the normal expenditure, they will have to generate enough gross profit to pay back the loans they are relying on to take over. So if for once they are to be run sustainably, they will have to keep wages low, right down with those paid by the likes of tiny clubs such as Aldershot etc. This should mean they cannot expect to assemble a team that will easily get promotion. So unless they get lucky, apppointing an excellent but cheap manager for example, they will need to make do with being mid-table L2 for several years to come. Once they've paid back the initial loans in say 5 years time, if they've not been tempted to put themselves in hock in some other way by then, they could then start to spend a bit more, and ought to be able to get up to the natural level for a club of their size .... probably yo-yoing between L1 and championship IMO.

How is it undermining their bloody bid this week, to continue to have the same conditions in place that have been in place for months and that she and the trust have known about for months ? ... namely that the parachute payments go to their members as part of the agreement that they made to accept less than they were contractually entitled to, to guarantee they might one day actually get some money God -- that woman is annoying!

Personally I won't be happy if they lose the -10 this season, when they will be relegated anyway without the deduction. I want them to start next season in the 4th divsion, with no money and on -10 points ------- and ideally without Fratton Park, but that would be the icing on the cake.

I see that article says that tomorrow's court case is to try and force the sale. I thought it was just to set a date for the actual hearing? If they haven't got that right, you can't put much faith in the rest of what it says.

and if only the trust actually had the £3 million.

Indeed. Though you have to wonder when he is going to do something similar for the trust's inner circle? ....who also have no money and who also plan to borrow to buy the club, and some of whom also have business records that include financial troubles.

And indeed it was from a rubbish corner that they broke away and scored. Much prefer inswingers myself. But as long as we avoid ones that swing both ways, that's ok with me.

What are the chances of another court case delay? Or might they actually meet to set an actual, real date for the actual, real hearing? ...in about mid-March? I can hardly contain my excitement.

this

Personally I was surprised that Forren didn't come on at CB, with Clyde LB and Yoshida moving to RB. Thought Richardson looked a bit vulnerable at times

Actually it is very carefully worded, and really only says £2 million in pledges. I believe they only have somewhere around £1.2 to £1.5 million in hard cash from fans, leaving aside loans, HNWs, old corn flake packets, monopoly money, IOUs from the tooth fairy, etc

I spoke to an ex-colleague this morning, who as well as being a big PFC fan, is closely related to one of the trust's inner circle, so he is pretty genned up. According to him ....... 1. Robinson backed them yesterday, against Harris, even ringing PKF to say "how will the club run without a car park then ? , etc " 2. Their bid relies heavily on borrowing (gosh ..what a surprise!) 3. Robinson is lending them some cash, as well as buying the surrounding land. (Hmmmm.) 4. They are counting on the PCC loan as part of their sums, and my contact was at first very confident this was ok. However when I queried the conditions, eg in particular, re-payment via direct access to the parachute payments, he got a bit more cagey and said that negotiations were going on over this at the moment, and this is the last thing to sort out, because the PFA wanted them paid directly to the ex-players you know. (Gosh! Who'd have thought it!) Sounded as if they are hoping (no, expecting) to persuade the council to relax their conditions. (Won't that require a public whole-council decision?)

It's £3 million now. The trust upped its bid to make it more attractive. So today's farce eared Chainrai a cool extra £250,000 at any rate !

Not exactly. He is quoted as saying he "stepped down from the operating board". That only really says , 'took a back seat'

You're not cynical enough mate. Chainrai can't visibly own the club again.... FL won't allow it. So he needs someone else to own it. The plan appears to be for the club to pay chainrai his £18 million in installments in effect, via a high rent for leasing the ground. The club has to live within its means ,and find say £1 million a year rent for as long as Chainrai wants. The only bit I don't get is how the ground is actually transfered to chainrai. Up to now PKF have said grouind and club must go together.

But chainrai doesn't actually own Fratton does he. He holds a charge over it, yes, but at present it is owned by PFC. (Similar to owning your house but having a mortgage, with negative equity) So how does that work?

Anyone else wonder if Keith Harris will just be a puppet chairman? Come on. Hands up! (sorry .. just had to get some sort of Orville reference out of my system before I burst)

Thank goodness Robinson is a pompey fan and not a hard-headed business man. .. Oh!

Oh Malaysia? That's ok then. Thank goodness it's not from somewhere with any sort of dodgy financial reputation, or involvement with fixed matches, or betting scams, or corruption, .... I wonder who the foreign investor/buyer is, who is about to rescue Harris's own company?

Personally I still prefer the more traditional toast

FREE box seats

Not going to be like a house sale though is it? There will be cop out clauses, even if it does cost him a few thousand if he wants to back out

Especially the HNWs. At least the trust will get most of their money back eventually. These gullible HNWs on the other hand have arpparently spent several hundred thousand thinking they were about to become chairman/directors and heroes of Dr Moreau's island, but in fact just to pay some useless mercenary footballers for a few months, to allow Harris to come in and use future gate receipts etc to pay chainrai off via rent, whilst they disappear back into obscurity.

Blimey! That's quick.

No problem with being corrected. I was going on what the BBC said. Should have known better!