Faz

There's a shock......

Exchange of Contracts by itself means very little. It might be conditional upon Robinson getting FP. We shall see.

Do a swap with Puncheon. Arsene will go for that I'm sure.

Just watching Gary Nev's destruction of Reading, and comparing it to his rather benign analysis of our defending against Arsenal earlier In the seasonseason. Essentially our defence was properly set up, with people in the right places, being outdone by brilliance or bad luck (slipping). Reading are a train wreck.

How did Preston get on in their cup final?

Liverpool have said Downing can leave in Jan. Just saying.

Geek

Really?

Then surely the game is up? Somewhere along the line there is another £2m secured by Chinnery's floating charge. The initial budget published by the PST was thin at best, this decimates it. Just waiting for the PST spokesman in January - "This is a great result, we wanted liquidation all along......"

I was there when Franny scored. Ha.

How many players will turn up on the 1st Jan after December Salaries have not been paid (due to a bank error, no doubt)?

Why would it be anything to do with the trust? It's Birch v Chinnery isn't it?

I'm upper class. I look down on him.

Yep. Immense.

Feel free to munch away. You know who you are......

He isn't allowed to incur debt, but he sure as hell can munch his way through plates full of Parachute Payments what with all that legal advice and court costs and everything. The only real issue is heather they can make it to CVA III without paying a penny of CVA I or CVA II.

I'm no expert, its just my reading of it. PKF have, for some reason, stated that the PDT offer will be put to the FL only if they own the land. All that I've read is about PKF/PDT establishing a value for the land. The Administrator is (as we know from past experience on this thread) quite powerful in thta he can choose whichever offer he deems to be in the best interest of the creditors. I guess his view is that to meet their longer term commitment under the CVA the PDT must have control of the Freehold. There is absolutely no reason for the football club not to continue if they don't own the land, but they have no control over the rent which Chinnery will set. The PDT don't want to play that game because they forsee profit in the re-development. I guess the Court could set what they deem to be fair value and then make an order allowiing Chinnery a share of the profit on any development which would make life even more interesting. But now I'm straying even further outside my limited knowledge base. Edit: Torres managed ot say the same thing in fewer words.

The amount of Chinnery's debt is irrelevant largely to these Court proceedings I believe. As Administrator PKF are effectively the owners of the land and can sell it if they choose to. Chinnery has a debenture to secure his debt, and is entitled to the sale proceeds up to the level of his debt. The court case is more about PKF setting a fair price for the land so that Chinnery has no comeback against them by claiming it was sold under value. Chinnery will still be owed what is left of his debt once the land is sold, just unsecured (or at least only secured by any remaining assets). I'm not sure the Court can, or will, order that it be sold to the PDT. What will be interesting is if once the Court agrees a value Chinnery offers more than that to buy it from the Administrator (don't know why he would, but he might if he perceives it has more value as a ransom strip than he pays the Administrator - which afterall is the whole concept behind the PDT).

Every player has his price.

At my signal, unleash hell.

This will be interesting. I would expect them to archive well over 50% of their target in te first couple of weeks. This is not the type of thing that picks up momentum as time goes on.

So, over a week n from the launch, I expected to have an update on the number of pledges converted. If you are minded to convert, the chances are you will do it sooner rather than later. Unfortunately for them, the offer is so flawed I do not expect a significant take up. One thing I haven't been able to establish is what happens if the PST raise £1m? Do they press on regardless with a minority stake?

It did seem that yesterfday the full backs were not such an integral part of our attacking options as earlier in the season. I suspect Shaw was told not to run himself ragged with no ready made sub on the bench, but Clyne was more subdued attacking wise too.

Do we think the added responsibility of having a young full back to protect has influenced AL's game?

It is much more important to play with pace, than to have "pace2 per se. Football in becoming a much ore technical sport. Although not a direct comparison, when you look at Rugby union, it is much ore difficult to score when teams are set up defensively, and the majority of scores come from when possession is turned over. At that point the attckijg n team is out of postion defensively, and an attack with pace can exploit it. Once teams in this division have their two banks of 4 (or 4 & 5 ) it is difficult to score.