Gemmel

Well I think he is off after that. Fook the 4 3 3 on Saturday, he will go out in blaze of glory and do it his way.................. So he can look the man in the glass in the eye.

Oh appy has the bug good and proper now..... pompey play on Monday and Bournemouth play on Wednesday...... Perfectly reasonable to play two matches in 48hrs. What a bastard howe is.

How about you answer my point, about how the first thing the trust did was try and rip off football creditors who had already been ripped off? ..... Then we'll get to your question

How can they get a property loan for over 5 milllion if the ground is only worth 2 :)

There are some posts on this thread that give valid arguments as to why some people shouldn't have internet access. Seriously, some people need to get over themselves

Its not a fair point Frank. The PST like all those before, submitted a business planand propsal, that would further shaft the football creditors who had already walked away from huge amounts of money to save the club....... Leaving the pst with a wedge of cash to spend on players and wages, that they wouldn't have been abe to afford, had they honoured their debts.

With the exception of this statement, I agree by enlarge with what you said, however, a point you have continouisly ignored when it was raised before is this; The pst first bid, reduced the football creditors agreed compromised payments from 8 million to 2.75. The new bid has suddenly come up with the full 8 million (Apparently) after they were sent home with a flea in thier ear and with the PFA restating all compromise agreements, must be paid in full. So we know that this extra six million wasn't generated through another new 6,000 pledges, which suggests (And there was actually a post on here - maybe from you, breaking everything down to show how the pst bid stacked up with a 8 million pound surplus) that what in fact the pst trust was looking to do, was to further rip off the football creditors to enable the trust to have another 6 million odd to spend on players and wages, that if they had honoured there debts (And bearing in mind the 8 million was already a greatly reduced total to what was originally owed) they simply couldn't have afforded. To all those other clubs who pay their debts and honour their commitments, they could be forgiven for thinking thats cheating. It will take a long time for the football community (Not just Saints fans) to believe that things will ever change at pompey (Your current squad isn't helping - see other managers comments) and that first bid sugguests the new dawn, hasn't quite started yet.

I have an awful feeling it will be another South Coast Manager that fills that role.

Cost cutting equivalent to dinner with the chairman

Wow a genuine football debate, with varying opinions, rational explanations and no slagging off of other posters. You lot sure, you are on the right forum.

Very much down to the him and also what if anything has been discussed internally. One manager would find a particular situation untenable, another wouldn't. All we know so far is what is in the press. It might be that Cortese has already assured Adkins he will be given the season (I doubt it) but we just don't know. Harry has been linked to half a dozen clubs since he left Spurs, so its almost obvious that he will be linked with us, given the situation we are in and the amount of press we are getting on the subject.

Appy will be gone...... Ironically the first signs or loaded statements, came just after the news portpin weren't thriugh the FAPPT yet and then more so when the trsut were announced as preferred bidders............... It's almost as if he doesn't think the trust could afford the current squad :) He will no doubt know the wage budget for players from trust...... Less of course additional administration fees and legal costs. Its' all but over for appy in my opinion...... If he can get out of this with a job at Burnley, he will have done well.

Just doesn't make any sense though Jan (Just had some mates say the same thing) .... You would just be swapping one high potential manager with another. If Cortese does do anything surely the only reasoning wouldto be bring in someone with "top flight" experience.

The question is, whether the issue was resolved or did it go the same way as the chocolate bar

Hoodle doesn't want management at the moment - He is enjoying his acadmey too much

Thanks Weston. Why would portpin take pkf to court over the valuation? Surely it will be pkf, applying to the court for a compulsary purchase order at the valuation price? fratton park isn't worth 17 million and I don't think Chanrai claims that it is. The charge is for 17 million secured against the ground. Does that get taken into consideration? Also if Chanrai can prove he will get a better return by holding onto the ground - Does that hold any sway? All seems a little strange to me

Actually I completely disagree. The article is his weakest yet in my opinion. Would love Clapham Saint or any other resident experts to share thier thoughts. First of all the debenture itself. This has been ratified by two adminstrators and been through the courts more than once. If Birch thought he had a chance (And from memory it was part of his original statement that he would look into it) of getting rid of the debenture, he would have done it months ago. Additionally if you follow Micha halls articles, you find exactly where where and when Portpin, put the money in, as spelled out himself. Secondly they are two different cases. If it goes to court over the valuation, then that's one case, the idea of questioning the validity of the debenture, would be an entirely separate case. So if it went to court over the valuation, my understanding (Happy to be proved wrong) is that it is not just the value of the property, but the solution that delivers the best return for the creditor. Worth bearing in mind at this point, that Chanrai, goes to court as the victim (Regardles of what things people know or think they knwo about him) He is a 17 million secured creditor, who stands to lose 15 million pounds. The Courts first consideration, has to be to reduce his losses as much as possible. The problem that I think pkf/the trust will have, is that they are asking to reduce one secured creditors return, in favour of commercial gain for another - To me that just doesn't make any sense, I just can't see how any court would sanction that - But don't know much about these things. Finally, It a third party or Chinny himself offered a higher amount, then how could the judge refuse? Whatever the outcome, I just dont think it will be as easy as Hall has stated.

Yep, I wouldn't be too surprised either. If the exchange of the loan note to equity represented the end of financial support and possibly involvement from the family, you start looking at an exit stratergy for them. There is a lot of "ifs", "buts" and guesswork, in this, but if you follow through the familys ethos on debt etc.and the subsequent external loan, (Although appreciate there could be genuine commercial reasons why it woud be better to do it that way, as opposed to the family coughing up) I don't think it's an unreasonable assumption to to think we are now on our own. From soup to nuts, the whole thing has cost 33 million. They have honoured their Fathers wishes and seen through his vision of returning the club to the Premiership. So if there is any truth in that, it comes down to how much they sell for and to whom. 50 million would provide a healthy return and would seem about right (Thinking of the squad value and assets (And of course that's fag packet maths)) and with Cortese on board with the other parts of the family business, would surely be their first port of call. Given the increase in TV revenue next year, it wouldn't be too difficult to put together a levergaed buy out, but of course that is only really likely if we stay up this year. Pure guesswork, but as originally stated, I wouldn't be surprised at all.

Just a thought that if our owners are still listed as "The estate of Markus Liebherr", will this (By the FA, PL etc.) be allowed indefinately? Of course there wouldn't be any issues with the FAPPT and that might have been done and dusted ages ago, but with the authorities drive for transparency etc, I am surprised, there hasn't been a formal owner / owners update.

http://www.fansnetwork.co.uk/football/portsmouth/fb_news.php?storyid=18436&title=john_lish:_history_shows_its_truly_time_for_pompey_fans_to_take_control... Just incredible

If he keeps up this form (And his stats) then he will be worth a huge amount more than that.

He is our best player right now and another outstanding performance yesterday. On his current form, we couldn't replace him for 10 million

More than once?

Indeed, although I suspect that Benali can afford to take Matt out again now and cheer him up

A little theory for Trousers It will be easier to approve Chanrai, once the pst bid fails to meet required criteria.... as in paying the creditors.