Gemmel

5m The Person Below ‏@ImmatureStuff The person below is a ****. Retweeted by Sport Jokes Expand Collapse Reply RetweetedRetweet Delete FavoritedFavorite 13m SulaimanAlfahim ‏@TheRealSulaiman هناك أشخاص بدون قصد يجعلون يومك أسعد بلمساتهم الخاصة : ضحكة ، سؤال عن حال ،

http://www.bbc.co.uk/news/science-environment-19637073 Mind blowingly amazing

pes, I think you have worked out by now that we all pretty much want the pst to win, but as you say above, it is all down to best deal fro the creditors. With Chanrai being the largest one and offering to swap 13 million of debt for Equity, that's a lot of sofa's they will need to check the back of, to match that. Additionally, the original trust bid, wanted to offer the players under the compromise agreements 2 million of the 8.8 agreed, now apparently they have agreed to match it - Where did the other 6 million quid suddenly come from? It's been explained by the people from the trust (Without confimation) that they have adjusted the budgets to make up the short fall. So does that mean that this "Best deal for the creditors" "Community driven" pst orginally wanted to stiff the creditors AGAIN, to allow more funds to buy players and go towards player wages?????????????......... I think I've heard of a club that has done that a few times before.

The first one that springs to mind is marc Jackson - who was originally something to do with the russians when they tried to buy bompey, but the best one would have to be Cala, he was just comedy gold.

The pst cited some passage from admin law that highlighted there was additional criteria based on which bid was most likely to succeed and honour agreed payments, as well as whta was in the long term interests of the company, but it was all pretty woolly. The problem Birchy has is the additional element of risk and assumption the pst bid holds..... and that is before Portpin go to court over the valuation for fratton - But then if that happened - It would mean more fees for pkf

Ha ha - It's just getting funnier. I just wish they had gone with cala

Portco Limited??? http://www.cdrex.com/portco-limited-6209745.html

http://portco.org/ Providing oppurtunities to people with disabilities

Nabil Hassan ‏@NabilHassan79 Blimey! There is some more significant #pompey news on its way. Story should be up on the BBC Sport website soon...

Nabil Hassan ‏@NabilHassan79 Would suggest both bids have resolved outstanding issues with Football League. Although it did say Fit&Proper test yet to be done. #pompey Hassan ‏@NabilHassan79 Just had a statement from Football League which says it's now up to PKF to choose a preferred bidder before they become re-involved. #pompey Over to you Birchy .....

SulaimanAlfahim ‏@TheRealSulaiman Who is benefiting from #Portsmouth being in administration? Do you know that UK law allow 18th of administration!? Is the good doctor having a pop at birchy ???

Why would appy go for the Coventry job after he turned down all those offers in the summer :) One could only assume he has been given a steer as to who might win the bid ............

The golden share is issued by a boys club. The law has no say on what terms they wish to apply, so there is no chance of them being taken to court. I suspect though (Happy to be proven wrong) that the conversion of all debt to equity, now makes it impossible for Birch to go with anyone else..... The debt just fell by 18 million, if he goes with Portpin ( I know that there was a 5 million limit from the FA, but still removes all debt and reprsents the best deal for creditors)

I am guessing at this, but; With Chinny converting the debt to equity and commiting to the CVA and football creditors payments - This would effectively wipe out all debts (Outside any new ones created by chinnys new overdraft)..So from an adminsitrator prospective, does that mean unless pst offer chinny the full 18 million, that Birch has no other choice (Based on his remit of getting best deal for creditors) than to go with Portpin? Is the coversion of debt to equity as big as deal as I am thinking? (Bascially taking 18 million quids worth of debt off the table). Where's Clapham when you need him.....

Is it just me or are appys stats absolutely ******* useless? Considering the squads he has had, he might just be pipping old uncle avram to legend status

Not a chance. Even if he is fired, Cortese certainly won't be issuing public votes of confidence.... It's a non story

So whats that now - four bids? The Property Developers The Loan Sharks The Ice Cream Salesmen The Micky Fialka's Shame Cala hasn't thrown his hat back in the ring. I have to say for the purpose of this thread I would welcome each and every one them. The threads future is in safe hands :lol:

I'm sure the wages is just one of those pesky broken bank files..... But don't worry they've pulled a 52 card deck of aces out of their sleeve. Victory is assurred, it's just a matter of formalising the paperwork http://www.pompeyonline.com/sospompey/archives/213 Dear oh dear

All of that is based on the assumption that Brich will go to court to force the sale and the nice judge will agree. In essence what they would be asking, is to forget the guy who saved the business and make him lose a huge amount of money, so that another company can take it over - to make money. If Chinny (And I don't think he will even need to do this) offered to rent out fratton park at the same rates as the property developer, there is no judge in the country who wouldn't side with him. All chinny has to do is prove he will get / recoup more money, better return, by holding on to it. So next time you are with these very clever people from the trust, ask them what happens if chinny wins in court.

As much as I would be delighted to see the trust take over, I just can't see it. Even if birch gives them the nod, Chinny will retain fratton fat pipes if it goes to court, but still to much risk imo for birch to rely on 1,900 pikeys stumping up a grand with 3 pay packets left before Christmas.

They were just over 12 million

Chelsea's player building at Cobham cost 30 million alone

He's already done that once and from trevs report it looks like the player has taken the case to the FA

SulaimanAlfahim ‏@TheRealSulaiman Good luck to PST. we can't be ready by Trevor Birch deadline. Our account will be open next Tuesday in UK banks Ah saf say it isn't true