pedg

I am sure that next up will be a clairvoyant claiming to be passing on supportive comments.

only after she has bought me my bucket!

What's that coming over the hill? Is it the cavalry coming to the rescue? No it 'hero' Avram! http://www.portsmouth.co.uk/sport/pompey/pompey-past/avram-s-message-to-appy-1-4057006

They have already made a start on avram

http://www.portsmouth.co.uk/sport/pompey/pompey-past/futacs-makes-foxes-switch-1-4057007 Sounds more like to me that pompey went back on their agreement as it appears they did not give him an extra year on his initial agreement but instead offered him reduced terms which, one would assume, would mean a new contract? Suspect Leicester could easily challenge any compensation claim.

Next scenario is if someone else buys pompey... In this instance I think it comes down to what veto, if any, does chinny has over the sale? The CVA was agreed by the creditors, including chinny, and it was also agreed, I think, that the administrator was allowed to accept a better offer? But one assumes chinny, at that point, was confident that his secured debt would roll over to the new club? Now to have a viable club with a golden share the secured debt has to be drastically reduced. That is what the league insists on but how would that work in the real world? One would assume that just because the league ask for it £13 million in secured debt is not going to go quietly into the night? So what would happen if someone, trust or a new buyer, came in promising a bit more on the CVA, could chinny block it?

So trying to get my puny human brain around this... At the moment chinny has about 16 million in secured debt against pompey such that if they go bust he basically gets everything (except the players and the parachute payments). In reality that really just FP? If he goes through with the CVA he has to pay half a million on the CVA and pay off ALL the football creditors but can only hold a charge over the club equivalent to the value of FP? To be in a better position than on liquidation he then has to hope that within a short time frame the position improves so he can sell it for at least as much as he paid to the football creditors plus £0.5M CVA plus what he would have got for selling FP?

No leave it here as you have to be registered to use the main board and we would not want to restrict the readership.

I am going to get the disappointment of being wrong out the way and go for a week today, i.e. the 20th.

You have forgotten the trust and their high net worth individuals or, to give them their full titles, new director, new manager, new striker, new midfielder and new goalie.

Reality only appears to sink in a certain distance. Those accepting they have to start again from scratch still think they will be playing at fratton park.

They HAD to pass him for the FAPP test as it is very specific about what rules people out and if they had failed him on that they would find themselves on the wrong end of a legal case. What they require to get hold of the golden share is however anything they care to come up with and is not open, as far as I am aware, to any legal challenge.

http://www.portsmouth.co.uk/sport/pompey/pompey-past/appy-to-leave-it-late-naming-spanish-tour-party-1-4052100 . I hope that where they are staying and where they are training have been warned that they should request cash in advance.

Just can't read the statement from the FL past the bit where it first mentions the points deduction can they? Going on about how "They don't want us" and "they don't like us" whereas the statement is very clear that the penalty is due to initial CVA being rolled into the new one.

http://www.mirror.co.uk/sport/football/news/pompey-crisis-four-years-after-1141253 By jove I do believe they have got it.

Why all the moaning about the points penalty when its the other constraints that will more likely kill off a chainrai takeover?

you turn you back for one minute....

How much is it reckoned that Mullins has deferred up till now?

I am certain that Birch will be at the door giving him a cheque for all his outstanding wages. Just a pity he will probably get the date wrong or forget to sign it.

New tourist slogan .. "Come to Nigeria, its safer than Portsmouth"

There are a number of very good keyboard replacements in the android market. I use swiftkey 3 (https://play.google.com/store/apps/details?id=com.touchtype.swiftkey&hl=en) and find it very good.

Last I heard from Kanu in Nigeria was that he was going to return 10 million pounds to pompey but that to do this he was requesting Birch send him a million pounds as an enabling fee.

I just want to spend the least amount time parking and un-parking the car rather than any concern over the entry or exit.

Mullins allegedly very close to a move to Birmingham http://www.birminghammail.net/birmingham-sport/birmingham-city-fc/birmingham-city-fc-news/2012/07/11/birmingham-city-lee-clark-swoops-for-hayden-mullins-97319-31377453/ The tension on who will go first is becoming unbearable.

Personally never seen the point in reversing into a parking spot. In many cases you find the car opposite has gone when you leave so you can just go out forwards and if not both options take some reversing and as long as the car park is not super busy I feel it takes less time to reverse out of a parking spot than to reverse into one.