trousers

^ 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....?

[TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:27 [/TD] [TD=class: chatmsgtext viewer_text][TABLE] [TR] [TD][/TD] [TD]Comment From Zorba Are PKF owed all of their fees (est 2 mill) or have they been paid some already? If so, how much is still owed?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 576] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:29 [/TD] [TD=class: chatmsgtext altcaster_text][TABLE] [TR] [TD][/TD] [TD]Colin: That is probably a question for PKF. I don't have any information on the sums involved, but this is directly a matter for the creditors, not PST.[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] Do what? How on earth can the Trust come up with a meaningful business plan if they don't have a scooby how much PKF will sting the available funds for? Sorry but that's just unbelievable...

Bugger....been so distracted by the Pochettino new manager malarkey that forgot there was a webchat today. What was that you were saying about Pompey becoming irrelevant RallyBoy?

Yep, agree with that. I guess the publicity issue doesn't arise in my dull IT world analogy. In this scenario it would be perfectly normal for me to be called into the Programme Manager's office on the same morning that the new project manager arrived on the scene and be told I was no longer on the job. I guess that's the bit Cortese perhaps doesn't appreciate - that he's conducting "normal" business practises in the full glare of the world's media.

Pretty much I reckon.

Yes, I've understood it from the beginning, hence last Friday's events not surprising me in the slightest. One thing that struck me in Pochettino's first interviews after joining was the regular reference to "the project"....which is a good way of looking at it. I work in the IT world and you generally work to c.5 year programmes and each programme will be comprised of several projects. It's common practice for project managers to specialise in different phases of a given programme. Nigel Adkins got assigned the "Get us to the premier league" project, or 'phase' of the programme. Pochettino is now managing the next phase....call it the "Take us into Europe" phase, or "project", if you will. When people and the media look at Adkins being "sacked" and question the madness of the timing of it, what they are not doing is seeing the bigger picture IMO. It's quite clear to me that Cortese would have planned for the next "project manager" to have taken over from the previous project manager in the summer, as that was the natural delimiter between the two phases. But, what if the best project manager wasn't available to take over at that time? What do you do? What would we do in the IT world equivalent? We'd do exactly what Cortese did....in the interests of continuity you would get the previous phase project manager to assume temporary control of the early stages of the next phase until your man became available. I'm pretty sure Nigel knew WHAT was going to happen - quite possibly from the day he joined - I'm pretty sure he would have been expecting to go in the summer when 'his' project was successfully delivered. We'll never know for sure if Cortese handled the eventual "exit day" with any sensitivity towards Adkins or not, but maybe that's the wrong way of looking at it. If this was an IT work stream / programme and I was in the Adkins roll of 'phase 1 project manager' I would know that there would come a day where, all of a sudden, the next project manager would become available and I would move on to something else. So, what might seem like a callous hatchet job to the outside world might actually just be a perception issue. Anyway, rambling on a bit there, but the bottom line is that I 100% get Cortese's "Project" concept....perhaps its the football world that needs to catch up with successful business methodologies being used in an "old fashioned industry" such as football. Ok, shoot me down....

http://www.gazzetta.it/Calciomercato/23-01-2013/inter-paulinho-prezzo-aumenta-coutinho-southampton-rilancia-913953049876.shtml

http://sportwitness.ning.com/forum/topics/southampton-have-offered-more-than-liverpool-for-coutinho-and-int

David Anderson ‏@MirrorAnderson Southampton are trying to nick Coutinho from under Liverpool's noses. They will pay £10m. Liverpool £8m. David Anderson ‏@MirrorAnderson No word yet on which club Coutinho would prefer. Does he really want to join a relegation fight at Saints or does the money mean more?

@officialsaints: Great hospitality from @FCBarcelona in welcoming us this morning. Hopefully we'll be back in the future! #saintsfc

Totally agree - the right to vote should be predicated by an IQ test