St Chalet

I seriously doubt it. It's the polite business way of saying thanks but no thanks. If thjey wanted to keep him on that salary, they would have retained him full time.

+2.

If we were really in trouble, Tommy Forecast?

Very funny comeback, fairplay fella!

Potentially the first ever thread to be moved from The Lounge to the Main Board! IMHO, nice to see the club has ambition.

http://www.skysports.com/story/0,,12040_6018319,0.html AA has clearly allowed Storrieteller to fall on his sword and exit with some 'dignity'. Suits all parties as AA cuts him of the wage bill and Storrie avoids a binning. Actually quite gutted the c*** has gone as he was so bad for them!

Squaddie in **** behaviour shocker.

At least in your dream we don't concede a late goal for someone to moan about for weeks afterwards.

and not 1 Internal Auditor I bet.

And they never will. They and their now Persil smelling money are long gone.

Personally, and if you have no kids to transport or luggage to haul, I would say get yourself that Boxster.

Could I venture, just potentially, that maybe, it might be, possibly Fuglers?

Papa 5!

Andy in the Western Cape, and I'll be drinking Dom Perignon if we make the play-offs.

Being really selfish I'd love a 4th so I can go to bed. am +2 GMT and have to be up at 0630 for Golf tomorrow :-)

Yep, working fine for me.

Off topic, our sub scoring 100 in the Hampshire League at age of 12 is fecking impressive!

Bugger, nearly 4

At risk of sounding optimistic that has moved our GD past Uddersfield.

Loving this. However commentator has just cursed it by saying it could be 10. It could also be Leeds or Tranmere ****wit!

Back on track, proceed to 20k please.

I was going to say that the film was 'braethtkaing' but realised I am in The Lounge not the TMS.

It would be a real shame for this thread to get locked for going off topic when we had all invested so much of our lives into it!

Ok, my take on today from having read the judges statement and some of the esteemed prosecution council on here. The salient points: Tania Robins gave evidence that the money was loaned to Falcondrone, and not PCFC. No evidence has been provided that Portpin have injected any money into PCFC to justify their charge on Fratton Park, thus making them a secured creditor. Normal administrations are funded by selling the assets to repay the admin fees to restructure the business. Nothing was stated to say the club could currently function without a prop, thus we can deduce that on their own they are insolvent. If the loan was to Falcondrone then it is fair that Portpin could register a charge against FP. I have seen the document filed at Companies House and apart from the potential conflict of interest on Fuglers part it checks out. The Loan instrument GM alluded to is not available for public download (or simply not available). Enter our hero SAF. Imagine you owned a car with a friend 50/50. It cost you £10k to buy and your mate took a £10k loan out against it using the car as security then defaulted. Would it be right that he could use the full value of an asset as security, knowing that if he defaulted you would lose your half of the car - in essence it is something that he couldn't agree to and I suspect the loan company couldn't enforce if it was shown as a joint asset. Back to SAF, if he owned 10% of PCFC did he ever get £1.7m of the £17m loan, same principle should apply as above. It is complicated by the fact that PCFC have other assets (no really, they must have) but you get my drift. In a normal company, it would have been very easy for the admin team to have proved the loan from baloo to the club. I suspect as they were using the bank of Fuglers the statements are not as regular or obtainable as a high street bank, none the less they should have been able to shed light on that shadow there and then. Congrats to Baloo on being the first of the muppets to have any money! I would venture he has £15m in the bank because he doesn't plough it into dodgy business ventures. As others have noted, why not use it earlier to make the asset more saleable and keep it in the prem? As my learned friend would say, all conjecture of course.

The other interesting piece is that Fuglers, on the document, appear to be acting for Portpin Ltd. They use their registered address as the c/o for Portpin. Now at the time wasn't Jacobs work for Ali and therefore PCFC. A conflict on interest? Feel free to forward this to Charlie Sale