Chin Strain

Evra is a knob, he was at the centre of the French player's "strike" at the last World Cup. If Evra is involved in it you can expect knobbish behaviour.

Agreed, and he would have had more class to have just walked away after the game....but his knobishness pales into insignificance compared to Liverpools and Suarez'

Suarez is a fool he could have finished this sorry episode today with a simple hand shake, he chose to re-ignite the issue, & Dalglish has proved with his after match interview that he is just as big a tool as Suarez. Just what he see's in his futile attack on Sky today is totally ridiculous. Evra's celebration was over the top, & somewhat foolish, but you can understand it when he probably went against his own feelings towards Suarez by offering his hand. only to have it thrown back in his face.

Dalglish has been a monumental embarrassment over this whole affair. The way he's defended and defended Suarez to the hilt, even raising that 'he shouldn't have been banned' AGAIN after his comeback last week, and the cringeworthy t'shirts. The Liverpool board should have pulled him in right at the start of this affair, and told him to STFU. You get the impression that he's completely untouchable at Anfield.

Is it any great surprise that they've had two high profile racist incidents in the crowd so far this year. That alone should have made the penny drop with all at Liverpool. Suarez should have been on a 3 line whip to close this down today. Effectively, he has just booked his ticket out of the Premier League. Being cynical, maybe that was the plan.

That's fcking embarrassing. A protest against WHAT?! It's too late, the only worthwhile protest would have been to learn from mistakes and object to the club continuing to spend spend spend after the last administration. If that were my club there's no way I could join in with those 'protests', I'd just want it all sorted one way or another, a line drawn under it (a blue line I assume) and finally get to move on with some scrap of a club that might actually mean something.

 

PS. All marathon donations from Pompey fans happily accepted xx

They should have been protesting against the child maimer, and the FAPPT, when they had 250,000 on Southsea Common...oh, they weren't fussed then, were they.

The bloke on the football league show has just said (in front of Dean Saunders) 'I'm sure nobody in football wants to see Pompey deducted points that they've already won'....

I half expected Dean Saunders to tell him that he can't wait, and that they'd been cheating with players they couldn't afford.

Honestly, FFS, do they have to remove these peoples brains before you stick them in front of the tv cameras?

Edit: Dean Saunders just said 'I love playing football, I'd have played for nothing'. A quicker presenter would have said 'I've got just the club for you then...'

An ex Saint friend of mine slagged him as a manager at the time and also told me Bond was a terrible coach. When he asked Bond why they don't practise defending from free kicks he was told to mind his won business.

I heard this from a player who was at the club at the time too. The coaching staff were all completely disinterested - he thought it was shocking

We shouldn't have been relegated with the team we had. He may have bought the odd good player in, but he also was responsible for Davenport and Bernard. Two of the worst signings I've ever seen. He had one important position to fill - a strong no nonsense centre half to fill Michael Svensson's boots. He brought in Davenport.

Believe it was £80m or so, but that included football creditors who should have been paid by now from PP so won't still be a factor.

In the last CVA, AA knocked down HMRCs claim from £37m to £24m for the purpose of the CVA vote. £24m was a little over 18% of the CVA. Football creditors would have been paid, and creditors now should just be the £1.5m (1 months wages). I'm not sure if AA can use the value of their contracts, or just what's currently owed (the latter I think)....not that AA seems to be particularly interested in saving the clubs bacon this time around.

I remember reading somewhere that if they fail to pay the CVA it is cancelled and debts revert to what they originally were (£100mill+). Dunno if that is true or not though.

 

I can see them getting away with it again. They will get -10 and stay up because they kept their best players instead of bothering to try and pay their debts off. Cheating ****s.

I'm not sure. I reckon everything hinges on whether they get the Parachute Payment advanced. If not, they can't fund administration. If they do, the CVA won't be able to be serviced, which opens a whole new can of worms...

If the PP is advanced they'll end up needing to find more money later to fund the CVA, making it much harder to sell the club. If the PPs aren't advanced, will they even be allowed to go into admin?

I wonder if the few are up to date with their police bills....oh, wait, they cant be if the accounts are frozen. Oh well, behind closed doors is coming....Pack the Park'? Maybe not.

http://www.northants.police.uk/default.aspx?id=9205&datewant=yes&utm_medium=twitter&utm_source=twitterfeed

Dont forget bagpuss's cut, he still gets 10%??? surely

I didn't miss it - penultimate line!

To be fair, if a player doesn't ask for a transfer and is sold there IS a payment due but usually it's around 10% of the fee he's beeing sold for, not the value of the contract that's being terminated by the selling club.

The tricky part from Pompeys perspective though is that the wages you're paying the likes of Kitson, Halford, Lawrence, Norris etc are far in excess of what any other club will pay them. So:

Pompey: New club want to buy you Liam for £1m

Liam: Thank feck for that, what are they paying?

Pompey £15k a week

Liam: No ta, I'm on £21k plus bonuses and image rights for another 2.5 years

Pompey: Look, do one will you, we're going under

Liam: OK, but you need to make up the difference of £6k a week plus bonuses for 2.5 years

Pompey: Oh, FFS...OK...we make that c. £750k.

Liam: OK..I also haven't asked for a transfer

Pompey: Oh...'kin hell...10% you say? That's another £100k

Liam: Cheers, that'll be £850k

Pompey: Do you take a cheque?

Liam: Er, no. Cash please. Used notes.

Pompey walk with £150k less agents fees, a slice for 'Arry (he's probably still collecting). That'll bring it down to nothing then.

So, Pompey get £0 from a £1m deal.

Also, of course we were in League One at the time, all those above us (& the Skates) were in the Championship.

And a lot of clubs restricted the numbers we could take (Brentford, D&R etc)

Anders Svensson has been very positive about 'Arry. He said: "A nice guy yes, but I never noticed himhaving any tactical knowledge"

 

http://www.aftonbladet.se/sportbladet/fotboll/landslagsfotboll/ovrigalandslag/article14342509.ab

Me neither!

He's had 20 months longer than he should have had after the mess that was WC2010

Just on SSN

Kingsworthy Foundary nr Winchester have lots of log burners. They don't fit, but have a company that they suggest. As most have said, it's the lining that costs a fortune. We've left our open fireplace as it has a Victorian surround so it beats out the heat. The only downside is that it can be a bit messier than a woodburner....and you need to watch out for the sparks!

On a similar vein...does anyone know of any decent log suppliers around Chandlers Ford area? Cheers

Hi Weston....I'll give it a go!

 

For me its not that I hate him as a person... afterall I dont know him, so make a judgement on that. However, the way he maipulates the media, (his 'i'm just stupid guv, cant write or whatever' court room diatribe was enough to make me puke...the fact that there are people out tehre stupid enough to be taken in by it is another matter), is cringeworthy - he is good copy which is why the media flatter him, knowing he is as tehy say up here a good 'rentagub'...

 

But for me its the fact that he represents so much that is wrong with the game right now...yet does not even have the balls to acknowldge it... (maybe he lacks the self awareness or is really that stupid) - buy that I mean: He has indeed benefitted from the transfer system, albeit within teh legal allowances - yet is it ethicakl or moral and what does it say about the game. 'Broken Dreams' (sorry 'arrow' was that film) revealed the extent of the shear volume of transfers in and out of clubs he has been at, transfers where for the most part the players never made a 1st team appearance - including the classic Swedish player for whom WHU paid over 3 million for, yet the selling club got around 800k - and the rest where did it go? It may be legal, but is right? - the relationships he has with agents etc... is that right?

 

Then he has the barefaced cheek to suggest in the media that Spurs dont do what they do at the top clubs with huge spending - well..how does taht sit with the relative spending at West Ham or Porstmouth or even Spurs - now Spurs may not be in the 30mil+ for one player league, but it seems for 'arry its mpore about numbers of players in and out. Also he says that for him its about coaching and spending - well why teh Feck did he moan then when he came to us and had the transfer purse shut? That squad was NOT in the relagtion zone when he took over with 20 games to go and was easily not the worst - it should have been good enough to survive yet he just bad mouthed them in media 'not good enough' - when confidence and form was the problem, not the quality - and yet the majority of teh media and neutral fans still want him for the England job?

 

Seriously, Yes Spurs are doing good, but look at the resurces and the fact that Bale has come on etc... he forgets that its not jsut avout buying players that are worth 40mil, but being able to hold on to them - but as we saw he likes to get in first and tell the media he will be off if his best players are sold...

 

Just beacuse we have a policy in this country of allowing managers to benefit financially from transfers, profits or otherwise, does mean they should do it if they want to be taken seriously... and that whinging 'cant text' nonsense...really was cringeworthy and enbarrassing...

Yep, all of this and then some

Why not tak the trouble to actually read what I wrote. i didn't say there was any similarity between our owners, nor did I draw any parallels between the levels of debt. What I said was that we're in trouble because our latest owner cannot fund us to the level he agreed with the FL (see that "agreed with the FL) and that if your owners could no longer fund you then you would be in financial trouble too. Nothing about levels of debt, not comparing the owners but comparing hypothetical situation. Sorry if that's too mntally taxing for you

 

 

 

FC, I know the figures I quoted are from 2010 because those are the latest actual accounts available so anyone posting anything (you included) is hypothesising. I agree with you that your revenues for 2011 will have increased, including the money for Oxlade – Chamberlain but I still think you’re being wildly optimistic with some of your claims. The last published accounts (from your first year in L1) showed that you made losses of £7.7m on the football side of things (so whoever posted that you’ve been trading within your means since Liebherr took over was patently wrong) and overall, including everything under the holding company umbrella you made losses of £9.0m. Your turnover for that year was £14.2m. Your average gate has increased since that year (according to Granty, I haven’t checked) from 21K to 26K – so +25%. So let’s say your turnover this year will have increased by 50% from the last accounts – a generous assumption? That would give you a turnover of £21.3m.

 

Now, in the last accounts your operating costs for the year were £22m. Wages alone accounted for £12.3m and given the signings you’ve made since them plus the increases that would have been in players’ contracts for achieving promotion that figure must have increased fairly substantially. What about other operating costs? Must have increased from two years ago, wouldn’t you say? So what are they now - £25M? Pushing £30m? Not only that but the accounts showed that you needed to repay £7m to creditors last year so that’s got to be added in too. Not to mention loans from Liebherr that are eventually due totalling over £20m. Of course, you got the £12m transfer money but £3.5 - £4m of that has been spent on Fox and Sharp and Oxlade – Chamberlain would have been on low wages as a youth player, unlike the two who have come in who wouldn’t have come cheap (are those rumours about Sharpe being on £30K a week true?) so that’ yet more money onto the wage bill. What about the rest of the transfer money. You’ve no idea if it went back into the club or if the Liebherr.

 

As for your valuation of the club, do you really believe that the Liebherr’s would sell for £20 -25m when a loan that needs repaying alone is for £20.4m? I’m sure they’re lovely people but they’re not a charity. I’m pretty sure they’d be looking to make a tidy profit on their investment. So I think your valuation is woefully short of what they’d be looking for. Of course you have the stadium, academy etc. (but I must point out that you only own half your training ground), I understand all that but your price seems low.

So, do we still think you’re living within your means with no need for input from the Liebherr’s or not?

So, let me get this straight, you come up with total guesswork, based on nothing but rumours (from a Skate site no doubt) and pass it off as a vain attempt to back up your weak argument. You come up with a guess about Sharp, and lob it in there as a smoke screen - it has no substance. You have no idea whether we're living within our means or not. Absolutely no clue whatsoever.

In any case, WTF has that got to do with your club? The point is that we are infinitely more attractive to anybody looking to buy a football club. We have assets for a start - training ground, big stadium, big fanbase, land, players that we can sell (novel, isn't it). You have a run down poxy little stadium, a massive wage bill, a poor squad with little resale value and small gates. Stick in all the debt, and a string of dodgy owners and you end up in a situation where nobody in their right mid (for honest reasons) would want to buy you.

You get 3 posts a day - try sticking to responding to posters who are asking sensible questions about Pompey, that you conveniently ignore as they're obviously in the 'too difficult' pile, rather than coming up with total tripe like this.

Unless of course you have a contact at St Marys who you see socially every week or so (and I'm not talking about hookers)?

I reckon:

MM will be guilty

HR will be not guilty

HR takes over from Capello.

Everyone's happy....no, really.

It's more a case of will they ever be free of Chinney. If they form AFCP but then rent the ground from him are they actually much better off than before. I can't see how they would have enough money as a newly formed club to buy it off him (or Sacha's bit) so it's rent or nothing if they stay there. And that's before thinking about the maintenance costs.

 

They need to walk away from it and start again (moneyfields anybody?).

I agree. They seem to think that there are two plans;

Plan A - someone with a few hundred million to burn buys them, saves them and keeps them going as they are

Plan B - start again elsewhere in non league, and leave Chinny to sort the ground out.

Why wouldn't there be a Plan C? Buy the club out of admin for peanuts, 'persuade' the high earners to kindly feck off for free or small transfer fees in order to keep the club going, fill the team with low paid players / younger players / free transfers and try and retain league status in L1 at another local ground. Would H&W be a reasonable size for a L1 team? Having been to D&R last season, it can't be any smaller than that.

SSN...'and the latest from Portsmouth where the players and staff are left waiting for their January wages'

I think they meant 'and the latest from Portsmouth where the players and staff are left waiting for their January wages, and the tax payer is left waiting for their November, December and January PAYE and NI'

So the ground has a covenant on it, does it. That's all well and good, and of course the council are making lots of noises about it staying as a football ground - it's a vote winner...it's not rocket science.

This may well be the case if there is a football club, but it's naive to believe that will be the case if there is no football club. The council may well still turn down a planning application, but any appeal will be out of their hands and go to the planning inspectorate and even up to central government. Result? Council get votes still for 'standing up to evil Chinny', Chinny gets his planning approval granted, and Tescos buy the land.

Without a football club, there's no reason to turn down a 'change of useage' planning request.

But what security do the football creditors hold?

 

My understanding was that HMRC were challenging the FCR because they (football creditors), as unsecured creditors, get preferential treatment over the other unsecured creditors when all unsecured creditors should be paid in the same way.

It's not 'secure' as in the normal sense of the word (i.e.secured against assets). The FCR just means that you have to pay all your football debts in full, or you can't play in the football league. You're right re why HMRC are challenging, but the FCR is an internal rule that you need to comply with in order to play in the FLs little club.

As far as I understand it Chinny does get preference over the football creditor because they are unsecured creditors (what security do they hold?) but wiht preferecen over all other unsecured creditors. In essence the priority would be Secured Creditors (Chinny) then Unsecurted Creditors (players & other footballing creditors first then the rest i.e. HMRC).

 

As I say this was my understanding of it so am happy to be corrected.

Players and football creditors are 'secured' if Pompey want to continue in the FL. If there is no Pompey, they stand in line with every other unsecured creditor. On the plus side, they get a free transfer elsewhere with a big signing in fee (and you'll probably find that they'll also get a pay out from some sort of PFA insurance scheme)

My 'give it away' comment was probably a bit flippant.

 

He's never going to do that, he'll try and sell it, but consider this.....

 

How do you fancy negotiating with Chinney for the club and the ground, and with Sacha for the land around it. Without all of it it's both worthless and pointless.

 

You'll either have to pay well over the odds or they'll be strangling you forever.

 

We're not talking about tired ex-owners here who want rid (ie, majeski). We're talking about a loan shark and a gun runner. The best interests of PFC aren't high on their agenda!

 

Even now PFC are just one of a hundred items in Chinneys portfolio and f*ck knows if sacha even gives the land he owns a second thought.

I agree that BC and SG won't be fussed about Pompey. It's going to be very messy from herein. Lasttime when BC took them out of admin, it was probably worth a punt on small squad, high quality - if they got back in the PL, ker-ching.This time, it's all about squeezing whatever he can get from the festering corpse....PL is a million miles away.

Having said that, he flogged the club to CSI so PPs weren't his long term plan last summer. Now, maybe that is the new plan, as I suspect he knows he won't be able to sell the club for £17m this time. If so, it's a shift change from him. I also suspect that he thought he'd get a pile of cash from the WRC rights, but the FIA played a blinder and pulled the rug from under him. One thing for sure, he won't be throwing good money after bad. Any money he puts in now won't have any security, so he'd better be certain about the PPs, and how that will play out.

It's going to be fun watching!

It still doesn't quite add up to me though. The value's still not in the squad to sell them, so the wage bill will remain high. Additionally, he'd have to keep putting off the CVA payment in order to fleece the club. I can't see that going down too well with the creditors...unless AA completely rips up the CVA and says that there will be no payments. That would cause some ructions knowing there are PPs....the FL need to keep a very close eye on this.

Plan B is a bit of a pointless exercise in your scenario - the phew would be better off sitting out the next 2 years and taking the pain...at least they'd have a club at the end of it, in whatever league it'd be in...assuming BC sold / let them have the club.