trousers

Lenny Aidefors ‏@lfcindex If Coutinho ends up in Southampton it means he's not good enough. As soon as we are linked with a player he is suddenly a huge talent

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:35 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Martin Has the issue of this "Floating Charge" been resolved and was it 2 million? It came up in the last court case, but can't find any update on it since.[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:36 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: This is still a live court case, so I wouldn't want to prejudice it by commenting on that matter.[/TD] [/TR] [/TABLE]

FFS.... [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:32[/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Richard Hi Colin, the remaining parachute payments sem to have bee allocatd many times over to football creditors, the CVA, Chinny, Fratton, PKF and as security for a council loan - Wht is your understanding?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:34[/TD] [TD=class: chatmsgtext altcaster_text]Colin: I have not seen a recent iteration of the business plan, so can't comment directly. Again though there is always speculation which is not always accurate.[/TD] [/TR] [/TABLE]

He's "answered" (ha ha) variations on that question with the stock answer "That's between PKF and the Creditors"....

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:30 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Richard If we had one of the league lowest wage bills as has been frequently quoted and we have one of the league highest attendances, how is it that the HNW have needed to invest so much money?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:32 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: I am genuinely not sure where PFC's wage bill pitched in a L1 table. Your question is then based on a supposition. the fact of the matter we need some HNW Pompey fans to step up to the plate and they did.[/TD] [/TR] [/TABLE] He's not an "attention to detail" chap, is he?!

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:28 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Dan Colin maybe you can clear this up for us all then. Why was there a 2 days set aside in December to value fp only for the court case to be adjourned and given a 1 day session and then adjourned again and given another 1 day session, surely if it was given 2 days to start with the next time it comes to court its gonna take the same time, so why go back to court just for another date why didnt they just say right its these 2 days and thats it[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:29 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: That is a matter for the court and the judge, I'm afraid.[/TD] [/TR] [/TABLE]

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:26 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Guest Is there any negotiation with trevor birch and PKF with regards to the amount his is earning due to how long this saga is drawn out[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:26 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: PKF's fees are for the creditors, not PST.[/TD] [/TR] [/TABLE]

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:17 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Mattytaylorsrightfoot Colin, thank you for taking the time to come on here and answer questions, may I ask how much truth there is in the rumours of the PST obtaining a loan from portsmouth city council, if so this would surely mean taking the club on with debt, which goes against the trust's original plan of having no debt on taking over the club. And, if it's not the council where this extra funding re buying the club is coming from would you care to expand how this money is being obtained please?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:20 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: My pleasure. The club will have debt going forward as I have already explained. Debt is not a 'bad thing' in itself. The re-worked business plan now allows us to buy the stadium up front via a loan and pay it back over a period of time. This is affordable and secures the club's principle asset. It is a good thing.[/TD] [/TR] [/TABLE]

Wow...he's got a question right..... [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:14[/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Tom What are the chances of the -10 points being carried over to next season if this is not sorted by march the 4th (The date for the deduction being applied at the start of next season i think)[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:16[/TD] [TD=class: chatmsgtext altcaster_text]Colin: The bottom line is that this is a decision for the Football League Board. They have absolute discretion to do what they like. It's their competition. Any deadline dates are simply not relevant or true. The FL board has said the deduction will kick in when we come out of admin. If that is, say, March 1, then that would be the day I'd assume.[/TD] [/TR] [/TABLE]

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:14 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: For those asking no, I don't hate Southampton fans... ;o)[/TD] [/TR] [/TABLE]

+ £2m to Kanu (another question that goes unanswered....or is that included in the £8.5m??)

^ This

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:02 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Dan why has this taken so long. if the pst were ready to take over at the last court case 15th of jan or whenever it was was did the pst welcome the adjournment weve all read the statement which says it gives them more time to convert pledges but if theres enough money there surely this is contridictiong what they said previously[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:04 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: I'm not sure of your logic entirely here. PST were 'ready' on December 15. The issue was between our property partner and PKF. At the time it was very frustrating. However, the pause may well have worked to PFC's advantage as it is allowing different approaches to emerge which we feel are better for the club in the long run.[/TD] [/TR] [/TABLE]

Would you like a wet sponge for that?

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:59 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Mick Has PST/REL spoken with Tesco about the possibility of building a new supermarket and helping fund the re-development of FP ?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]14:00 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: I am not aware of any specific discussions with any party yet. A superstore has long been mooted for the site, subject to the club getting significant benefit (ie a new or improved stadium) as a result.[/TD] [/TR] [/TABLE] Hmmm....chose his words carefully there....

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:57 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From King Kanu How many pledges and conversions have you had? What's the total amount of money raised by supporters?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:59 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: In broad terms we have around 2000 pledgers. So far we have converted about half of them. The majority of those who haven't yet converted we've spoken to tell us they are waiting on the outcome of the court case.[/TD] [/TR] [/TABLE]

Yep, seems to be avoiding that one so far....

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:53 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Guest Any indication as to how long the HNW's are preapred to fund the club? Are they unwilling to fund everything that is required hence the current cut backs?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:55 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: PKF are making the decisions at the moment, obviously keeping PST/HNWs in the loop. Of course there is a limit to the generosity of spirit these HNW Pompey fans have shown, but we are confident an end to the process is in sight. The money they have put in so far will then be part of their investment.[/TD] [/TR] [/TABLE]

He's not answered any about the parachute payments....yet....

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:51[/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Rory How much debt is on the club? then how much do the trust feel they need to raise a season to repay that debt?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:53[/TD] [TD=class: chatmsgtext altcaster_text]Colin: There are the football creditor liabilities, which are approximately £8.5m. Then there is the settlement of the new CVA, which I can't remember how much that is off the top of my head. The evolving business plan for the club for the next 4-5 years remains robust. The more money we raise in capital, the better position the club will be in. Likewise, even if you can buy a share, buy a season ticket. All the additional revenue going into the club will be used on the club...[/TD] [/TR] [/TABLE] Can't remember how much they own local businesses, charities and taxpayers..... disgraceful....

Hmmm.... @pn_neil_allen: Well this is a first. @colinfarmery vowed to answer every #Pompey webchat comment, even from WUM & them down the road! http://t.co/7dUa5ZEn

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:48 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Guest If the judge values FP at more money than the trust can afford - what are the options left (apart from plan B) for the club[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:49 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: That is a very good question. As I said, PST's legal advice is that we have a robust case. Were that to happen, it's what Sir Alex describes as squeaky bum time...[/TD] [/TR] [/TABLE]

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:45 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From geronimo44 Colin. Wouldn`t it have been best to liquidate and spend money on a phoenix club rather than try to save what is essientially now a dead duck. The amount of "baggage" that the current club is carrying must make a clean break and a new start more attractive?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:47 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: I disagree. A phoenix club would be a hugely risky venture. Conference South at best. No stadium of its own more than likely. Saving the current PFC, even as a League 2 club is the best bet of getting at least Championship football back in the city.[/TD] [/TR] [/TABLE]

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:41 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Guest Are the PCC loan conditions able to be met?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:43 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: We are grateful for PCC's willingness make this loan. The key aspect of it was to ensure the club doesn't go into liquidation. We are in that situation at present, so it is an option for us and I feel sure we can meet the conditions if required.[/TD] [/TR] [/TABLE] So, the parachute payments will be paid directly to the council (one of their conditions)?

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:39 [/TD] [TD=class: chatmsgtext viewer_text][TABLE=width: 504] [TR] [TD][/TD] [TD]Comment From Geoff Why are the PST suddenly confident of buying Fratton Park on Day 1, when previously they were reliant on Stuart Robinson to buy it?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:41 [/TD] [TD=class: chatmsgtext altcaster_text]Colin: The business plan has been worked on continually over the past weeks and months. It was always the intention to buy FP on Day One. The cash flows have been worked on and this is now a possibility again. It is the best option from PFC's point of view.[/TD] [/TR] [/TABLE] Re-writing history....?