Gemmel

Was it you that posted something to the effect that assets couldn't change hands or charges placed on assets, whilst a WUP was in progress? Does that still hold water, or is HMRC likely to just go with the administration route

Had the same conversation a couple of days ago. Apparently we weren't allowed. Not sure if that is 100% correct...... if not blame Granty

You'd assume so. It would take that reveune stream / asset off the books, but if it funded the administartion then I'm sure he could de a deal with teh administrator. (I'm sure Leon's money to fund our wage bill would have been guranteed against something)

Forget your windows, you need to clean your glasses. Did you watch Leeds vs Carlise Did you watch Saints vs Norwich It looked like they took it very serioulsy to me

Wasn't last year due to administration? I'd be amazed if there wasn't some sort of incentive scheme and beleive you can buy some cheap shirts at the moment.

Storrie Teller to do a cover version;

They would still need a CVA, however a CVA is granted on a 75% agreement of the total owed is required, so on the basis that they are around 65 million in debt, which is around 48 million Chanrai + Gadamak = ..... you guessed it 48 million, so they will probably get their CVA

To be fair if you watched on tghe news last night, it was quality TV.......and when they panned over to the president, there's an argument to say he got it spot on

That's not a bad shout Nick

I'm sure someone will buy pompey. What they get as part of that purchase remains to be seen. The whole thing stinks and I suspect far to messy and dirty for anybody to ever get to the bottom of. You are right about the additional points deductions and the club will continue to decline for a few years yet. You once mocked me for saying that simply surviving in top flight football for 25 years + was an incredible acheivement for club like Saints, given the way money had taken over the game etc. You lasted 5 and it has bust, broken and ripped you apart.

Supposedly actual exchanges, but I suspect a couple are made up....... Actual exchanges between pilots and control towers: Tower: "Delta 351, you have traffic at 10 o'clock, 6 miles!" Delta 351: "Give us another hint! We have digital watches!" ************************************************************************************************* Tower: "TWA 2341, for noise abatement turn right 45 Degrees." TWA 2341: "Center, we are at 35,000 feet. How much noise can we make up here?" Tower: "Sir, have you ever heard the noise a 747 makes when it hits a 727?" **************************************************************************************************** From an unknown aircraft waiting in a very long takeoff queue: "I'm f...ing bored!" Ground Traffic Control: "Last aircraft transmitting, identify yourself immediately!" Unknown aircraft: "I said I was f...ing bored, not f...ing stupid!" ************************************************************************************************ O'Hare Approach Control to a 747: "United 329 heavy, your traffic is a Fokker, one o'clock, three miles, Eastbound." United 329: "Approach, I've always wanted to say this..........................I've got the little Fokker in sight." ************************************************************************************************ A student became lost during a solo cross-country flight. While attempting to locate the aircraft on radar, ATC asked, "What was your last known position?" Student: "When I was number one for takeoff." *************************************************************************************************** A DC-10 had come in a little hot and thus had an exceedingly long roll out after touching down. San Jose Tower Noted: "American 751, make a hard right turn at the end of the runway, if you are able If you are not able, take the Guadeloupe exit off Highway 101, make a right at the lights and return to the airport." **************************************************************************************************** A Pan Am 727 flight, waiting for start clearance in Munich , overheard the following: Lufthansa (in German): " Ground, what is our start clearance time?" Ground (in English): "If you want an answer you must speak in English." Lufthansa (in English): "I am a German, flying a German airplane, in Germany. Why must I speak English?" Unknown voice from another plane (in a beautiful British accent): "Because you lost the bloody war!" ************************************************************************************************ Tower: "Eastern 702, cleared for takeoff, contact Departure on frequency 124.7" Eastern 702: "Tower, Eastern 702 switching to Departure. By the way, after we lifted off we saw some kind of dead animal on the far end of the runway." Tower: "Continental 635, cleared for takeoff behind Eastern 702, contact Departure on frequency 124.7. Did you copy that report from Eastern 702?" BR Continental 635: "Continental 635, cleared for takeoff, roger; and yes, we copied Eastern... we've already notified our caterers." ************************************************************************************************ One day the pilot of a Cherokee 180 was told by the tower to hold short of the active runway while a DC-8 landed. The DC-8 landed, rolled out, turned around, and taxied back past the Cherokee. Some quick-witted comedian in the DC-8 crew got on the radio and said, "What a cute little plane. Did you make it all by yourself?" The Cherokee pilot, not about to let the insult go by, came back with a real zinger: "I made it out of DC-8 parts. Another landing like yours and I'll have enough parts for another one." ************************************************************************************************ The German air controllers at Frankfurt Airport are renowned as a short-tempered lot. They not only expect one to know one's gate parking location, but how to get there without any assistance from them. So it was with some amusement that we (a Pan Am 747) listened to the following exchange between Frankfurt ground control and a British Airways 747, call sign Speedbird 206. Speedbird 206: “Frankfurt, Speedbird 206 clear of active runway." Ground: "Speedbird 206. Taxi to gate Alpha One-Seven." The BA 747 pulled onto the main taxiway and slowed to a stop. Ground: "Speedbird, do you not know where you are going?" Speedbird 206: "Stand by, Ground, I'm looking up our gate location now."! Ground (with quite arrogant impatience): "Speedbird 206, have you not been to Frankfurt before?" Speedbird 206 (coolly): "Yes, twice in 1944, but it was dark, -- And I didn't land." ************************************************************************************************ While taxiing at London 's Gatwick Airport , the crew of a US Air flight departing for Ft. Lauderdale made a wrong turn and came nose to nose with a United 727. An irate female ground controller lashed out at the US Air crew, screaming: "US Air 2771, where the hell are you going? I told you to turn right onto Charlie taxiway! You turned right on Delta! Stop right there. I know it's difficult for you to tell the difference between C and D, but get it right!" Continuing her rage to the embarrassed crew, she was now shouting hysterically: "God! Now you've screwed everything up! It'll take forever to sort this out! You stay right there and don't move till I tell you to! You can expect progressive taxi instructions in about half an hour, and I want you to go exactly where I tell you, when I tell you, and how I tell you! You got that, US Air 2771?" "Yes, ma'am," the humbled crew responded. Naturally, the ground control communications frequency fell terribly silent after the verbal bashing of US Air 2771. Nobody wanted to chance engaging the irate ground controller in her current state of mind. Tension in every ****pit out around Gatwick was definitely running high. Just then an unknown pilot broke the silence and keyed his microphone, asking: "Wasn't I married to you once?

How bizzare.....pick the bones out of that one

It's fantastic Weston Saint - But been posted before

Next season will undoubtley come with extra pressure and that's no bad thing. The key will be keeping as much of the squad together as we can and replacing those that leave, as early as possible. I've enjoyed the seaosn to date and we are all learning what life is about in League 1. Pardew will get his 18 months to prove himself and whilst not even Fergie could guarantee promotion, with the odd tweak here and there, we will have a squad, manager and fan base as well prepared as any club could be to go for it. Of course if it doesn't happen there will be blood, but i have every faith that next year we will be promoted and pass our neighbours by on the way. This is my 34th year of supporting Saints and looking forward to my 2nd ever trip to Wembley to see Saints play, so if it only comes round every 17 years, please don't shoot me for thinking thiings arent so bad this season.

OUCH http://www.guardian.co.uk/football/2010/feb/23/portsmouth-administration-points-deduction

1) Will the court approve the request for administration 2) Will HMRC rubber stamp the transfer of assets to Chainrai, whilst under a WUP 3) What relevance is the Barclays Charge on the land 4) As mentioned by Mcjalliss (Think that's right) if the CVA's are valid or based on future revenue for 5 years, will the parachute payment money be distributed amoungst creditors over a period of time (This could really screw them) 5) Does Chainrai really own EVERYTHING 6) Will the PL advance cash to fund administration 7) Is that the end of Storrie If football debts take priority, do they have to be paid in full, to avoid future points deductions 9) If administration is granted, what becomes of the SOA 10) How does this benefit the gun runners.

LOL..... AFC portsmouth offering Storrie job as the mascot

Having read the morning reports, my take is that Chainrai, has left Storrie, to his own devices with the South Africans. (As in he doesnt think they will come through) Chainrai quotes talk about him speaking to investors, not new owners, which could mean a chunk of money from "A" another fron "B" etc etc, hoping to put togther enough to save them. That minimises their outlay and one would assume that Chainrai moves in the right circles to have those conversations. Ultimately though, I think they will press the "Admin" button on Thursday or Friday. Inbetween times, Storrie teller will keep us all updated to just how close a deal is.

Don't fret Glasgow Saint, Malsquiney will get them big time. ....Just hope he doesn't leave before he can whack them with a minus 25 (Which is my guestimate of what they are looking at)

Yes, if they go into administration, they will be protected from liquidation for however long they stay in it. However, they will need to find an administrator prepared to take them on and with such high monthly costs, and no other source of income outside of ticket sales, it is unlikely that an administrator would be able to keep them afloat very long. It was the same in our case, where Leon had to pick up the wage bill as there was nothing left.

As someone who was not a fan of lowes, he always seemed to negociate good contracts for the club. Certainly not wishing him back, but appreciate him a bit more now, when compared to the storrie teller

Chanrai, only converted 10 million of the 17 million owed. He is still owed 7 million

Indeed... The thread has been fun, they have looked totally stupid and will be relegated. Saints are on the up and we will pass them on their way down. A good result all round.

The parachute payments are made in line with the same way that sky payments are made. It certainly isn't 33 million in one hit, it is 33 million over 24 months, split betweeen 4 payments. There is no listing of any rule that says they dont get it, if they go into admin. However if you are correct, it would explain why admin has not been an option.