Gingeletiss

Guess he will be there then!!!!! http://www.fansonline.net/portsmouth/mb/view.php?id=230616

As someone else has posted...this may have happened, because the invisible man was going to seek an administration order, and that may have spoilt the plan!!!!!! So the end game nears, my bet is on Col Mustard, with the lead pipe, in the lounge

it seems that either they can't afford newspapers, or they can't read, BWTF, they they don't know the half of it. http://www.fansonline.net/portsmouth/mb/view.php?id=230408

nick, they're expected to beat us, they're PL, we are Div 1. However, they will be bricking it, the thought of being turned over by us!!!!!, it is a win/win for us nick, fearnot;)

The other way round...he was fronting the Chinarai takeover, when SG allowed in the Fake Sheiks

http://www.fansonline.net/portsmouth/mb/view.php?id=230395 Are they at last begining to get it?????

Just showed 'Tells porkies' on SSN (oct 2009), saying how Chain reaction wants to build a new training ground/stadium etc....still brings tears to my eyes:D

So....the Notts county takeover has collapsed. SSN today.

The trouble with you and your 'facts' John, is that you only believe one side, and that's the one against the club......still, no shocker there!!!! I have a bottle on ice, for the day you post something in support of the Saints, I wonder how old it will get???.

Lol...........I haven't chuckling. http://www.fansonline.net/portsmouth/mb/view.php?id=230283

Can we asume that you will now attend matches in a tall red and white hat, big red shoes, and carrying a bell????

Good questions, I have always held the view that they are still buddies, and this is all a big play, it's all about money. They have had the PL over, but I just don't know how, that is me, the HMRC/goverment the PL/FA/UAFA/FIFA, the fans/media, and the football world in general. I'll add a question...how can he just take control, without passing the PL's fantastic and fact findind F & PPT. Ten years ago anyone!!!!!!!!!!

Now this below, is one of the replies to the above article....very well thought out. A Crap Lungs moment!!!!! 2010, 1:34AM I disagree with the description of "haemorrhaging spending" that David Conn uses to describe the finances of Portsmouth Football Club. This requires context. In August 2009, PFC paid the outstanding monies owed to Standard Bank which was in the region of £30m using transfer income, sky money and season ticket income. This had the effect of hollowing out the finances of the club and meant that the business had a cashflow problem. Any purchaser of the club would (or should) have been aware of that from any due diligence on the club. There were income streams but the timing of these were not conducive to running a business smoothly. Anybody aware of running a business knows that cashflow problems can easily kill a business. So when Al Fahim took control of PFC, there was around £50m of debt. Half of which was owed to Sacha Gaydamak (£28m) which was agreed to be paid in two instalments: January 2010 then the rest in 2012. The club had an overdraft facility with Barclays at £10m which was guaranteed by Gaydamak with agreed payment schedules. HMRC were owed around £10m, mostly generated by the transfer sales which had kept the club above water. In August 2009, HMRC would have agreed to a payment schedule which could be timed with the income streams of PFC. Then you have the running costs associated with a premier league club. The playing staff wage bill had been considerably reduced by departures and although there were still a few players earning exceptional wages, the squad salary total was more in line with the lower half of the Premier League and the quality considerably reduced. So although the playing side of the squad was compromised by the delay in the takeover, the financial side wasn't as desperate as journalists made it out to be. It required some investment and liquidity to survive as a club. However that never occurred. The six/seven weeks under the control of Al Fahim can only be described as bizarre. Despite the obvious problem of cashflow, Al Fahim never addressed it. He went round the world looking for £50m when I believe that £10m would have allowed the club breathing room up to the January window. So the cashflow problem resulted in September's wages not being paid. This allowed Falcondrone to get a foothold in PFC through a £5m loan and with the help of Peter Storrie stirring up the supporters, Al Fahim was forced to sell 90% of the club in October. What has happened since beggars belief. One of the more interesting pieces of information that has come out is that between the takeover in October and today, the club has received in excess of £50m of income. Mark Jacob confirmed that prior to the January Sky monies and sales of Kaboul and Begovic, the club has received £40m of income. Half of which is the Chainrai loans - charged against the club as David Conn wrote, the rest have come though gate receipts, transfer fees payments etc. So where has the money been going? Not to outgoing transfer fees as the Premier League have had to freeze money in order to pay these. Some £4m has been paid to HMRC according to Jacob. Some £7.5m went to Barclays (more on this below). Wages have been paid eventually (approx £8m I think). However other running costs haven't been paid on time and creditors have only received money through legal action or camping themselves out in the reception room at Fratton Park. The Barclays Bank case is particularly curious. As I said above, the bank had a guarantee from Sacha Gaydamak using assets worth £2.5m as collateral. One of the first actions of Falcondrone ownership was to default the schedule of payments on the overdraft. The assets used by Gaydamak were seized by the bank and the account facilities frozen. Falcondrone paid the remaining £7.5m but PFC do not have an overdraft facility. The winding up order from HMRC have placed further restrictions on the bank account which creates further cashflow problems. The club have been cutting costs - for example the academy have seen its satellite facilities removed, staff sacked, bills have not been paid. The youth team coaches were repossessed last month. The training ground kitchen facilities have also been repossessed due to non-payment. The finance director resigned her directorship and become an employee. She was complaining last week of not being given money to pay day-to-day bills in her new role as finance manager. In short, the club is being driven into the ground and is operating as a zombie club while Daniel Azougy, the three times convicted fraudster, operates as the de facto owner of PFC. And then there is the maths. If the club has received £50m in the 13 weeks since the takeover, why is it in the crises it is where day-to-day payments can't be made? Something stinks rotten at the heart of PFC. David Conn, your article merely touches the surface. One more reply that is interesting and needs a 'bump' http://www.guardian.co.uk/football/blog/2010/jan/10/portsmouth-wages-waste-of-money "Utaka...is an ongoing liability who arguably represents the worst piece of transfer business ever conducted by Portsmouth's chief executive Peter Storrie and the club's former manager Harry Redknapp." http://www.independent.co.uk/sport/football/news-and-comment/tax-authorities-to-grill-redknapp-over-payments-from-portsmouth-1797791.html Redknapp received a sum of around £100,000. He said: "I got a percentage of sell-on [fees] in my contract if I sold a player. Ever wondered why Rednapp is always looking to buy more and more players? Speculate to accumulate. Or accumulate to speculate.

The Hong Kong businessman Balram Chainrai, who has links with the Israeli businessmen connected to Faraj, has loaned what the club said amounted to £20m and has two mortgages over the club. One, registered on 6 October, gives Chainrai's company Portpin, which is registered in the British Virgin Islands tax haven, security over Fratton Park. The other, registered on 7 January, secures for Portpin "the whole of [Portmouth's] undertaking and all its property and assets". Thus, the circle is complete, now we know why there has been no panic stations down Farten way. They have the club and stadium, all parcelled up....'bring on administration' they cry ' liquidate us' they challange, because it matters not, they have it all. It seems that the 10 year cycle is upon us, and MM passed on a few good tips to SG.

Works for me nick......here's their main site. http://www.fansonline.net/portsmouth/mb/index.php

I think some of them smell something fishy!!!!!...they are beging to catch on. http://www.fansonline.net/portsmouth/mb/view.php?id=229760

A response from the PL to an e-mail sent by a Skate.... bish Posted on 02/02/2010 14:52 PL response Email Message To A Friend | Reply To Message For what its worth below is a response I received from the PL to an email I sent them the other day, at least they responded. Thank you for your email. We cannot comment on Club specific matters, but as the rules state any transfer dealings must be signed off by an authorised signatory. All decisions regarding the setting of the Rules are taken by a vote of the Chairman of all 20 Clubs and not by Premier League staff. The role of the Board is to implement the Rules on behalf of the Clubs once they have been set. The Premier League Board has followed the Premier League Rule Book to the letter in terms of the player registration embargo imposed on Portsmouth Football Club and the withholding of broadcast monies in order to pay overdue football creditors, including both domestic and overseas clubs. Further to your question regarding the Fit and Proper Persons Test - The Fit and Proper Persons Test is an objective test that looks at whether an individual is allowed to become a Director of a Premier League Club. The test does not focus on finance but checks that any individual looking to become an owner/director of a Club has not been convicted of an offence that has led to a 12 month prison sentence in the UK (or overseas in a country where an equivalent legal system exists). You may also be interested to know that we strengthened the FAPPT last summer, and added a new rule meaning that all Clubs must publicly disclose any individual that has a 10% or more stake in a Club. This was introduced so that fans above and beyond any requirements by UK Company Law and are, to our knowledge, some of the sternest in place in any UK industry. We understand that Portsmouth supporters will have concerns about the difficult position in which the club now finds itself. The Premier League Board continues to work with the officers of Portsmouth Football Club to ensure that arrangements are in place to settle all club liabilities as and when they become due. Thank you for taking the time to contact us. Kind regards, Communications Team

I see our County neighbours are itching for a fight....some think St Mary's fits the bill!!! http://www.fansonline.net/portsmouth/mb/view.php?id=229663 DeepBlue Posted on 02/02/2010 14:19 On the pitch!!! Email Message To A Friend | Reply To Message Surely the time and place to invade the pitch is on live TV at the new skip. Let them take the fine for failing to control the crowd, we can't afford it.

Seeing where David Prutton now finds himself, has led me to think about players who thought they were better off moving from Saints. Steve Williams came to mind straight away, a great great player, but dissappeared from the scene within a couple of years, having moved to the mighty Arse nal...... So who do you recall???

"Is this unit 1...I likey"

Great post CL......this is just the post of the thread so far

Interesting!!!!!! http://www.fansonline.net/portsmouth/mb/view.php?id=229491

Um!!!!!! What could you deduce from this!! IP: Logged Blue-Smurf Posted on 02/02/2010 12:36 Bio and his email address Email Message To A Friend | Reply To Message Mark Jacob Mark graduated in government and politics from Essex university, he then proceeded to study for his common professional examination and law finals. Having qualified in 1994 Mark has specialised in commercial property and acts for property companies, high net worth individuals and foreign investors. Mark also specialises in secured lending and has acted for several major banking institutions. Away from the office, Mark is a keen footballer and keeps himself in shape by frequenting the gym at least twice a week. Mark is also a keen watcher of all sports including of course football and in particular his beloved Spurs. Indeed in 1999 Mark had a book about Spurs published which made The Sunday Times bestseller sports publications list for several weeks. markj@fuglers.co.ukIP: Logged Blue-Smurf Posted on 02/02/2010 12:38 And heres his boss Email Message To A Friend | Reply To Message Bryan Fugler Qualifying in 1970 Bryan is experienced in most aspects of commercial law - be it litigation, corporate or commercial. In the early 1990’s, Bryan became a media and sports specialist acting for the likes of Tottenham Hotspur PLC, Queens Park Rangers Football Club, Terry Venables, George Best, Jimmy White and lots of other sporting and showbiz personalities. Throughout the last 10 years Bryan has mainly devoted his time to negotiating commercial agreements and settlement of all manner of disputes and now spends most of his time as a business developer for the practice. A life long supporter and season ticket holder of Spurs, Bryan spends most of his spare time having as much fun as he can and spending time with his grandchildren. bryanf@fuglers.co.uk

Or this boy:smt036 MattG_PFC Posted on 02/02/2010 10:32 Seriously ladsEdited On: 02/02/2010 10:37 Email Message To A Friend | Reply To Message In a worst case scenario we could cease to exist. My Prediction. What I fully expect to happen is for us to go into Administration. In Admin some debts are written off, some become only 10% liable. Then a buyer will emerge getting us cheaply. We will lose 9 points, and assuming we don't get enough points to have stayed up without the deduction, that 9 point penalty will be carried over to next season in the CCC. A hardcore of about 10,000 fans will stand by the club, 16,000 for big games, and we will become an established CCC club, holding our own, maybe pushing for the Play-Offs, an ccaiasional cup run. Maybe we will become part of a PL second division if that ever happens? That is how I see it panning out for us over the next 10 to 20 years. And I for one would be happy with that.

http://www.fansonline.net/portsmouth/mb/view.php?id=229492 Tea and toast time;)