trousers

It's a shame that 99% of Pompey fans in Twitterland haven't grasped that fact yet. They're all still cock-a-hoop that the Trust's bid now (seemingly to them) has the green light...

I see today is the anniversary of the Battle of Parsalus....Pompey lost that particular battle... http://en.wikipedia.org/wiki/Battle_of_Pharsalus Some interesting modern day comparisons to be had there...

Accused of being a 'nutjob' or 'obsessed' is a compliment. We know we're pretending to be looking at the bigger picture when in reality this thread is as long as it is BECAUSE it's Pompey. To suggest we don't know how it comes across is missing the point... (that said, there is a moral side to it all the same, but, yes, that's not the MAIN reason this thread is as long as it is)

BBC Solent Sport ‏@solentsport Trevor Birch speaks to @bigadamsport about #pompeytrust loan, Liam Lawrence latest, & Portpin on @audioboo http://boo.fm/b914841 "Any new owner will have to honour deferred player wages" "The Trust are a fallback position and will only be considered if Portpin drop out"

Adam Blackmore ‏@bigadamsport Just had a good chat with Trevor Birch, who summarised the #pompey situation going forward - will put it up @solentsport ASAP

http://www.pafc.co.uk/news/article/fans-re-re-united-301720.aspx

Penny Mordaunt MP ‏@PennyMordauntMP Great news! Portsmouth city council has approved a bridging loan to #Pompey. So the PST bid can move forward. Super result and well done PST

Pompey girl ‏@Supermum0239PFC PCC loan #Pompey 1.45 mil ABSOLUTELY RIDICULOUS WASTE OF TAXPAYERS £. PCC CUT VITAL SERVICES FOR MY DISABLED KIDS!

Bradley Stratton ‏@BradStrat Football League Agent Fees report '11-12 makes interesting reading. #WHUFC spent £4.3m - more than L1 & L2 combined! Top 5 clubs in terms of money spent on agents: #WHUFC £4.3m, #LCFC £1.8m, #RFC £1.6m, #CPFC £1.1m, #CCFC £927k Other clubs of interest to some: #BHAFC £786k, #Saints £833k, #Pompey £748k,

So, given it's Birch's job to choose the 'best' deal for the creditors and we now have two "identical" bids on the table (indentical in terms of what is being offered to the creditors), what does Birch do? Toss a coin? Or go back to the creditors and say: "Ok, you choose who you think will honour the CVA..."?

http://www.portsmouth.co.uk/news/politics/open-letter-from-councillor-backing-pompey-supporters-trust-s-bid-1-4146791

Jake Woods ‏@JakeWoodss HAHAHAHA a Bournemouth fan calling #Pompey fans 'skates'. You wish you were our rivals! #WhoAreYouAgain?!

Joe Nimmo ‏@PN_Joe_Nimmo Unanimous vote in favour of providing the loan. No one dissenting. #pst Cheers and claps from the gallery from Pompey fans. #pst So, what happens next fellow nutjobbers?

Joe Nimmo ‏@PN_Joe_Nimmo All three parties giving the trust their backing and praising their efforts in putting a bid together. #pst Tory Ken Ellcome is the last councillor to speak before the leader sums up and a vote is taken. #pst He doesn't think the risk is as big as many believe it is, he thinks fans will return to Fratton Park. #pst

Joe Nimmo ‏@PN_Joe_Nimmo The trust has told councillors the chance of the loan being repaid is 90 per cent. #pst

Joe Nimmo ‏@PN_Joe_Nimmo He urges members to 'put aside personal feelings and realise the trust's bid is the only way to save the club'. #pst Cllr Jason Fazackarley has asked what happens to the council's loan if Portpin buys the club. #pst City solicitor Michael Lawther answers that the loan is meant for this urgent situation and will not just be made regardless. #pst

Joe Nimmo ‏@PN_Joe_Nimmo Tory Cllr Donna Jones says she is a strict custodian of public money, but estimates the economic impact of Pompey is more than £300m. #pst Cllr Jones says she is glad to hear the trust will be pay the £45-50,000 interest which the loan could cost the council. #pst She continues that £1.45m is a good price for Fratton Park should the council ever need to repossess it. #pst Cllr Steve Wemyss says if the council doesn't agree to make the loan it will have effectively killed the club. #pst

Ah, so THAT's why Birch has dragged this out to the next Parachute Payments date....figures....

Joe Nimmo ‏@PN_Joe_Nimmo Tory group leader Simon Bosher says the hearts of councillors want to support the trust, but their heads are urging caution. #pst He adds 'we all bask in reflected glory when our club is doing well' and says it's time to draw a line under Pompey's troubles. #pst

Joe Nimmo ‏@PN_Joe_Nimmo The leaders of the Lib Dems and Tories are agreed that option two in the report is their preferred option. #pst

Joe Nimmo ‏@PN_Joe_Nimmo Cllr Gerald Vernon-Jackson says they are trying to avoid the prospect of liquidation and all the councillors want the club to survive. #pst He says it is a very difficult decision and the city council would have to make cuts to services if the loan was not repaid. #pst Cllr Vernon-Jackson says this is a 'bad day for Portsmouth, because football finance is run so badly'. #pst He says he thinks the council should offer the trust a lifeline and safeguard Pompey's survival. #pst Why are they seemingly ignoring the fact that Chainrai is already waiting in the wings to 'save' them? They're talking as if the Trust are the only show in town...

Joe Nimmo ‏@PN_Joe_Nimmo Council finance officer Chris Ward says the Premier League has agreed in principle to assigning parachute payments to the council. #pst WTF?!

Joe Nimmo ‏@PN_Joe_Nimmo Council chief executive David Williams is introducing the report on the trust's request. #pst He has reminded members of their responsibility to protect public money and the £56m they have to save over the next three years. #pst

Joe Nimmo ‏@PN_Joe_Nimmo Deputations are over and the council is about to debate whether they should provide loan support to the trust. #pst

Meanwhile, back at the council meeting.... Joe Nimmo ‏@PN_Joe_Nimmo A member of the Portsmouth Youth Parliament says this generation will miss out if Pompey goes under. #pst Julian Wadsworth from the Respect programme says he could never have started working with young people if Pompey hadn't existed. #pst Mr Wadsworth says he has worked with serious young offenders to turn their lives around thanks to the power of the Pompey brand. #pst He says without the football club we will lose a massive part of what the city is about at a crucial time for sport in the UK. #pst Northcote Hotel landlord Barry Kewell has said if Pompey is liquidated it will cost the city hundreds of jobs and thousands of pounds. #pst Trust board member Mark Trapani has said they 'want to put the club back in the community where it quite rightly belongs'. #pst Mr Trapani says he was overwhelmed when an 86-year-old woman gave him a £200 check yesterday 'to save Pompey'. #pst