Gingeletiss

The council have been in discussions this week about how they can utilise tax payers money to assist the Portsmouth Trust bidding to bring Pompey out of administration. Pompey Supporters trust have turned to the council to help them complete the purchase of the club including an offer of around £2.75m for Fratton Park to Balram Chainrai who has £17.5m in loans secured on the ground. So what do you think as a local? After all it will be your money allowing this process to proceed……. The conditions surrounding the loan from the council are proposed as follows - 1. A written agreement by the Premier League, Pompey and the trust that the loan will be paid from parachute payments in August 2013. 2. The trust’s business plan is approved by the Football League. (Probably the same people who do the fit & proper test!) 3. All players must have agreed terms within the finance available in the trust’s business plan. (Do we have any left???) 4. The trust has received £3m on deposit from supporters pledges, associate directors and high net work individuals – plus £500,000 additional contingency. 5. Trust directors should take a personal charge upon their assets to a council loan to guarantee repayment, or an investor guarantee to the value of the loan. We quite agree with the Pompey Trust chairman who has commented that the council should be making as much effort to save the club as it does with the Pyramids Centre, Southsea. Surly the club and surrounding trade brings in more money to our city than the Pyramids centre currently does. This was from August last year, I wonder how much of the above criteria was met. I note No 5, should cause a few chuckles if they default!

Congrats to the both of you. A big difference is that you will have a new baby, and the older child. You must make time for both, and involve the older child as much as is practicable. Most people you meet, will tell you they don't have a favourite, but you do, just don't show it Enjoy the experience, they soon grow up.

This use of the word 'share', correct me if I'm wrong, but they do not get any 'voting rights' they will not get any 'dividends', and they will not get their money back. Is this not just a 'gift' dressed up in Poopey talk?

13:36 Comment From Phil lips What actual percentage of the club is owned by HNWS? 13:37 Iain McInnes: Phil lips, it can be absolutely determined until we close the share issue but it looks like the PST will hold the majority. Keep the shares coming in!! So there! nah nah na nah nah:smug:

13:34 Comment From blunproud why has no one from the trust thanked the rest of the country for helping buy the club, the taxpayers writing of £40m in unpaid taxes Not answered...... Yes it was..... 3:35 Iain McInnes: blunproud, by saving the club we make some element of that payment and protect revenue payments in the future. It wasnt us who didnt pay the bills!

13:21 Comment From Bluekite Firstly congratulations.. my first game was in the 50s v Man City who had Bert Trautmann in goal !... You said we start debt free... does this mean that the CVA and all of the football debts (Sol, Kanu etc) are completely covered by the parachute payments Iain McInnes: Bluekite, when we talk about debt free we mean that all old debt has been packaged up and agreements made on what must be paid and when. The number is totally in control and can be handled within our projections Debt free, and Poopey, words not to be used in the same sentence!

13:13 Comment From Dave Will any of the HNWs be taking out dividends in the future? 13:13 Iain McInnes: Dave, no dividends will be paid Really!!

3:12 Comment From Dinks The judge said that the details of PST's agreement with Portpin could be made public so why aren't they? 13:12 Iain McInnes: Dinks, they'll be made public hopefully today, check the PST website Ah, today, we await with baited breath!

13:05 Comment From Jack2 Are there any legacy issues that you've inherited (apart from CVA & Portpin payments) that could be restrictive? I'm thinking along the lines of the Kappa kit deal that didn't add much from shirt sales after the initial payment. 13:05 Howard: Very few Jack2 Oh good, very few

12:51 Comment From Steve Coe Hi Iain - BIG CONGRATS. Do you have more fundraising plans? Concerts at FP? Or a celebratory party that maybe the Council could organise say on Southsea Common? 12:51 Iain McInnes: Steve, we all love a party, lets look into it. 200,000 person party, bring it on:lol:

12:48 Comment From PaulIOW What's the main source of income for Pompey, commercial activities or investment? 12:48 Iain McInnes: Paul, it has to be tickets and commercial activities. Thats the only way we can insure survival Admin is is then:lol:

12:47 Comment From Big nudge Well to the PST!! Do you personally think we will get the points deduction this season? Honest opinion please. 12:47 Iain McInnes: Nudge, I believe we will Oh! that's ok then then

12:47 Comment From Henry Roughly speaking, do you anticipate us having a competitive budget for players next season (compared to other teams in the same league) or do you see us having to cut our cloth to begin with? Cheers. 12:47 Iain McInnes: Henry, Yes Yes, but yes to what part of the question!

12:45 Comment From Phil lips Now that the deal has been done, are you ably to let us know exactly how many £1000 pledges have been made. Presumably this is no longer commercial in confidence. 12:45 Iain McInnes: Phil, we'll try to keep you up to date over the next few weeks. What I can tell you is we've had close to 250K since the court case!! Yep! but which court case?

12:44 Comment From Darren Are you able to give any more details about the "add-ons" that were agreed between BDO and Portpin? I'm just worried that it seems odd that Portpin gave in to the Trust's demands with what appears to be a whimper. Thanks 12:44 Iain McInnes: Darren, this will be published fairly soon on the PST website Ah an answer at last

2:43 Comment From Yorkshire Blue Hi Iain, many congratulations and thanks for all your hard work in getting us to this point. Like many others, I have contributed my £1k? Will us ordinary Trust members & community shareholders get a say in decision on how things go forward? 12:44 Iain McInnes: Yorkshire, thanks for your pledge, of course we want to find a way to consult and involve fans but we have to also recognise the role of the management team who run the club on a daily basis Nope, didn't answer that one either

0 Comment From Les Hi Iain many congrats to you and the rest of the team would just like to know being a regular supporter for the past 52 years will you please push this great club on to reach its full potential which we all know could be second to none 12:40 Iain McInnes: Les, I am doing my very best. :lol:

2:39 Comment From phil Do you and the property people have a game plan for the whole of the land and when would you expect to let us in on what it contains? 12:39 Iain McInnes: Phil, planning is underway and when we have something to announce we'll do so No answer there!

2:35 Comment From frattonchorus It's great to see that you guys (and girls) have hit the ground running - are there plans in place to remedy the Training situation? 12:36 Iain McInnes: On the training situation the team have already been working at having that resolved for next season Nope! didn't answer that either.

12:30 Comment From Tom Will you be looking to keep the younger players? ie Ash Harris, Dan Butler etc 12:31 Iain McInnes: Tom, of course we want to keep hold of the youth, but we also have to listen to offers seriously. I very much hope we will start next season with all the young players who have come through this season

2:28 Comment From Andy-PFC Have the FL contacted yourselves regarding the 10 point deduction? 12:29 Iain McInnes: Andy, we're in constant dialogue with the football League, the ten point situation will become absolutely clear when the physical acquisition actually takes place in the next few days

12:24 Comment From DanDog Will it be the trusts intentions to put out contracts for things like merchandising, retail etc out to tender for local businesses in Pompey as well as further afield? 12:25 Iain McInnes: DanDog, over time we will put tenders out for certain elements of work and in fact this has already started in key areas such as ticketing and kit Not really answered that one!

12:23 Comment From frattonchorus Could you quickly outline the different roles that yourself, Ashley Brown & Mark Catlin will undertake going forward? 12:24 Iain McInnes: Frattonchorus, Ashley and Iain will be Directors of the new board whereas Mark Catlin will be the CEO and in charge of the day to day operations of the club

12:21 Comment From Kent Good afternoon and CONGRATULATIONS - a job well done. Could you tell us if there is a time limit on obtaining full shares? 12:21 Iain McInnes: The important thing is that the share offer remains open and is likely to for a while. But sign up ASAP to make sure you are a part of history

http://en.wikipedia.org/wiki/2012_Milk_Cup