trousers

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:49 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Traftragen You said that "the would-be owner has to make an offer which can then form the CVA". Could you explain this please? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:50 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: Moneys paid by a new owner would be put into a pot to pay a dividend to the creditors. That's how I see it working. The creditors would then have to vote on whether to accept [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:44 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From BigLuca So let me get this straight...... We are £50 odd million in debt but if someone offers £6m to buy us that would be used to pay the debt if the creditors agree to it and there would be no debt after that???? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:45 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: Correct, Big Luca [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:40 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Brendon What is the situation regarding the remaining parachute payments? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:41 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: At the moment we have two years worth - £14m, including £2m assigned back to the old company for the benefit of Mr Gaydamak [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:38 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Albert Road Surely the fans trust buyout scheme will not be able to raise more money than the creditors would get from liquidation? If so it's hopeless isn't ? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:38 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: Not necessarily. I think you are being unduly pessimistic [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:36[/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From a tru blu Have the FL actually told you, that there will be points deductions for failing to honour CVA1?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:36[/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: No[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] That question was missing a "no" surely? (as in "no points deduction")?

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:33[/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Nedrack Seen your report. So does this mean that Portpin did fund Pompey with £250k after CSI collapse? And how much do Pompey owe CSI, £10m or £20m?[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:34[/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: They injected money to fund the December payroll[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:34 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: CSI is owed £10m[/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:32 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Andy You have previously been quoted as saying the club is only worth what someone is prepared to pay for it. How does this deal with the 'secured' debt of Messrs Chainrai and Gaydamak? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:32 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: Because as administrator, I have the power to sell the secured assets. By the way, Mr Gaydamak is not a secured creditor in this administration [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:30 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Phil OMac On what date does the company cease to exist if no new funding is forthcoming? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:31 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: You cannot put a date on it. But we need to find a solution in my opinion before June 2, which is the date of the AGM of the Football League [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:19 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Jane from OPL Hi Mr Birch, as one of your creditors (OPL - owed £5k) I must say how frustrated I am that the club has let me down so badly, only for you to flippantly brush off debt 'like a dividend'... You owe me five thousand pounds and that amount could destroy my family business, but you carry on signing players eh? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:20 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: I feel incredibly sorry for creditors and I didn't in any way try to be flippant. I was just trying to state what I think might happen and stick to the facts without any emotion. But it is just terribly sad for those affected [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:15 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From shaun so how much are you realisticly looking to sell the club for 5-10 million. [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:15 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: It will probably be in that region [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:13 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Fred Surely reneging on the old CVA will cost us another points deduction? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:13 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: Another good question. It's not certain, but I don't think so. It will be up to the Football League board [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] Hmmm....that's less definitive than he said before....

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:11 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From zorro in germany will chanrani accept less than his supposed 17mil [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:12 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: He will have to [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:09 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From Mike Will Chanrai, CSI and Gaydamak still be due their full amount even after the new CVA? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:09 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: No [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

I don't think this one will get through somehow: "What's worse? Coming out of administration with a CVA that you never end up honouring or not coming out of administration with a CVA at all?"

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:05 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From PompeyMad You say the debt is written off but what about the £58m of debt that was revealed this week? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:05 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: It will be written off in the prospective CVA by way of a dividend [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:03 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From PompeyMad Will the selling of players provide some money for the next season? Or will it all go straight into paying off creditors? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:03 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: We can't get into next season without a new owner [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

[TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]12:59 [/TD] [TD=class: chatmsgtext viewer_text, bgcolor: #FFFFFF][TABLE=width: 100%] [TR] [TD][/TD] [TD]Comment From King With this big debth - how much money will it cost to buy the club? [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE] [TABLE=width: 100%] [TR] [TD=class: chatmsgtime, bgcolor: #F6F6F6]13:00 [/TD] [TD=class: chatmsgtext altcaster_text, bgcolor: #FFFFFF][TABLE] [TR] [TD][/TD] [TD]Trevor: The debt is written off, so it is whatever a buyer is willing to pay for the club and then the old debt will just receive a dividend, like the old CVA [/TD] [/TR] [/TABLE] [/TD] [/TR] [/TABLE]

Right then.....all set for the web chat with Mr Bicrh? http://www.portsmouth.co.uk/sport/pompey/webchats T minus 1 minute....

My laptop's 'copy and paste' buffer isn't big enough....

Anyone know what the whispering game that the team were playing in training yesterday is all about?! Footage on Saints Player: http://www.saintsfc.co.uk/articles/20120412/gaffer-looks-to-rumble-royals_2264122_2732694/0,,10280~2732694~1,00.html (Apologies if already discussed elsewhere)

Anyone here in the car rental trade or knows someone that is...? I'm looking to hire an MPV (e.g Ford Galaxy) for two weeks in August to drive from the UK to Italy and back. Best price I can get online is £1,155 at http://www.rentalcars.com Anyone know of anywhere cheaper? Cheers

Are there any horses left in the stable?

As my kids would say... "Awesome!"

Reminder: Web chat with Trevor Birch at 1pm today. Pick a creditor, any creditor....

Don't know about O2 but I've stuck with BT Broadband and recently upgraded to their fibre optic service. It's the dog's wotsits. Downloads a song in the blink of an eye (for example) and 100% reliable thus far.