hypochondriac

LOL Just got out from the meeting. In quick summary, not a great deal of new stuff other than £50M will be with us in 3 to 4 weeks. Present for us: RubiconCSL and Mr Nuts Present for PFC: Peter Storrie, Lucius Beart plus other directors and Johnny Moore. SAF arrived a bit late and the meeting started around 7:45. SAF first read out a statement. Apologised for the initial cancellation of the meeting. quotes about administration are incorrect, misleading and damaging to the club. Also have made it more difficult to secure finance. He has secured £50M which will arrive in the next 3 to 4 weeks. Finances at the club will be fully stabalised in the next four weeks - creditors paid off. He is committed to take us forward. He will invest in players. We must increase revenue coming in - more seats, academy, developing the land we have around the stadium (hotels). We then moved on to questions and answers; most of which I have captured here. The £50M has been obtained via loans with international institutions, which will be injected into the club as a directors loan. In one way I guess, this is robbing peter to pay paul, but as I see it, this is then his loan, not the clubs. If the loans get called in, then they are after him, not the club. That is positive as no owner so far while PS has been here has done that. PVA: "Keep PS at PFC" SAF: PS is the biggest asset PFC has; don;t want to lose him. PVA:Why wasn't the loan sorted out BEFORE you bought the club, so we could buy players last simmer? SAF: Cannot get finaince until after Due Diligence, no-one will lend before that has finished. SAF then made a comment that he doesn't always want 100% of the club - which was sort of mentioned again a few times later. He wants other investors inthe club, but doesn't have any yet. PVA: what about the 48 page document? SAF: he ditthered a bit really on this . Something about it being published when its ready and something about someone having exclusive rights to it or something like that. PVA (our very own Mr Nuts): Are we seting ourselves up ready for the Championship? SAF: no-one at the club wants championship football. PH needs time to get the team to settle and gel. Support him, don't give him a hard time. "No plans to remove PH in the next few games" - read in to that what you will PVA: Are ALL ownership papers with the Premier League? PS: Yes and have been for some time now. PVA: How much time have you spent with PFC employees so you can get to know how things work over here? SAF: I have spent time....blah, blah..... I didn't really understand what he gabbled on about then, sorry. SAF made another mention here about wanting other investors. PVA: What's all this about a 40k seater eco-stadium? I really wasn't sure where the conversation went here. He did re-iterate later that he is interested in an eco/green stadium. There are a lot of possible government grants of you do apparently and he has lots of experience with his property business in building green buildings. PVA: Can the Al Faraj brothers still join in? SAF: Have met one of them before the buy out. The board wanted them involved. They were emailed "you are welcome to come and invest in the club". SAF has no objection. No idea what happened next though i.e. why they hadn't then joined in the party? PVA:When will Sasha be out of the frame? SAF/PS: Sasha still involved due to loans. When they are paid off (with the £50M) he will be totally out of the picture - should be November, although they can leave it until January (legally I think that meant) PVA: When will the training ground start? SAF: When the £50M arrives and the debts are paid off, the board will decide where the rest of the money goes - could be players, ground or training ground. PVA: How far will the £50M get us before we need more? SAF: ??? maybe 1yr. Need more investers. PVA: You said you want UAE players to join the club? SAF: I would love to see my fellow countrymen playing in the prem, whether at PFC or other clubs. However, that cannot happen, as they are not in the top 70 FIFA ranked countires. PVA: when is the earliest we will see a larger capacity ground - wherever it is. SAF: Cannot answer now. I want another meeting in early November where he will be able to answer more questions. SAF: Finally a question for you. May I come to the game tomorrow? PVA: Yes, but stay in the directors box and wear a suit! SAF: The reason I wore the shirt is because in my country it is a mark of respect to the team to wear the kit. PVA: Over here it just looks cheap! SAF:Okay, I'll wear a suit Meeting closed. SAF then mingled with various groups. I'll post again when I get home or in the morning. Mr Nuts will also add his comments. Overall, not much new I guess, but at least he met us and seemed ok - if perhaps a little naive with some things e.g. the English press. PUP!!

HILARIOUS!!! Just got out from the meeting. In quick summary, not a great deal of new stuff other than £50M will be with us in 3 to 4 weeks. Present for us: RubiconCSL and Mr Nuts Present for PFC: Peter Storrie, Lucius Beart plus other directors and Johnny Moore. SAF arrived a bit late and the meeting started around 7:45. SAF first read out a statement. Apologised for the initial cancellation of the meeting. quotes about administration are incorrect, misleading and damaging to the club. Also have made it more difficult to secure finance. He has secured £50M which will arrive in the next 3 to 4 weeks. Finances at the club will be fully stabalised in the next four weeks - creditors paid off. He is committed to take us forward. He will invest in players. We must increase revenue coming in - more seats, academy, developing the land we have around the stadium (hotels). We then moved on to questions and answers; most of which I have captured here. The £50M has been obtained via loans with international institutions, which will be injected into the club as a directors loan. In one way I guess, this is robbing peter to pay paul, but as I see it, this is then his loan, not the clubs. If the loans get called in, then they are after him, not the club. That is positive as no owner so far while PS has been here has done that. PVA: "Keep PS at PFC" SAF: PS is the biggest asset PFC has; don;t want to lose him. PVA:Why wasn't the loan sorted out BEFORE you bought the club, so we could buy players last simmer? SAF: Cannot get finaince until after Due Diligence, no-one will lend before that has finished. SAF then made a comment that he doesn't always want 100% of the club - which was sort of mentioned again a few times later. He wants other investors inthe club, but doesn't have any yet. PVA: what about the 48 page document? SAF: he ditthered a bit really on this . Something about it being published when its ready and something about someone having exclusive rights to it or something like that. PVA (our very own Mr Nuts): Are we seting ourselves up ready for the Championship? SAF: no-one at the club wants championship football. PH needs time to get the team to settle and gel. Support him, don't give him a hard time. "No plans to remove PH in the next few games" - read in to that what you will PVA: Are ALL ownership papers with the Premier League? PS: Yes and have been for some time now. PVA: How much time have you spent with PFC employees so you can get to know how things work over here? SAF: I have spent time....blah, blah..... I didn't really understand what he gabbled on about then, sorry. SAF made another mention here about wanting other investors. PVA: What's all this about a 40k seater eco-stadium? I really wasn't sure where the conversation went here. He did re-iterate later that he is interested in an eco/green stadium. There are a lot of possible government grants of you do apparently and he has lots of experience with his property business in building green buildings. PVA: Can the Al Faraj brothers still join in? SAF: Have met one of them before the buy out. The board wanted them involved. They were emailed "you are welcome to come and invest in the club". SAF has no objection. No idea what happened next though i.e. why they hadn't then joined in the party? PVA:When will Sasha be out of the frame? SAF/PS: Sasha still involved due to loans. When they are paid off (with the £50M) he will be totally out of the picture - should be November, although they can leave it until January (legally I think that meant) PVA: When will the training ground start? SAF: When the £50M arrives and the debts are paid off, the board will decide where the rest of the money goes - could be players, ground or training ground. PVA: How far will the £50M get us before we need more? SAF: ??? maybe 1yr. Need more investers. PVA: You said you want UAE players to join the club? SAF: I would love to see my fellow countrymen playing in the prem, whether at PFC or other clubs. However, that cannot happen, as they are not in the top 70 FIFA ranked countires. PVA: when is the earliest we will see a larger capacity ground - wherever it is. SAF: Cannot answer now. I want another meeting in early November where he will be able to answer more questions. SAF: Finally a question for you. May I come to the game tomorrow? PVA: Yes, but stay in the directors box and wear a suit! SAF: The reason I wore the shirt is because in my country it is a mark of respect to the team to wear the kit. PVA: Over here it just looks cheap! SAF:Okay, I'll wear a suit Meeting closed. SAF then mingled with various groups. I'll post again when I get home or in the morning. Mr Nuts will also add his comments. Overall, not much new I guess, but at least he met us and seemed ok - if perhaps a little naive with some things e.g. the English press. PUP!!

Oh do give it a rest.

No you can't you would have to buy it again.

Like closing the Itchen North you mean? If you move the away fans to the itchen corner then it's hardly any season ticket holders who will have to move.

Fair enough but I think in the past you have been guilty of not getting your views accross particularly well. The way you have repeated that point has made it look like you are not supportive of the new regime. I can accept though that this is not how you meant it. I don't want to be associated with OB either. I don't agree with his views generally and I don't think there is any problem with this thread.

Well Cortese is looking at it. If he believes there is a value in doing it which outweighs the potential costs then it is going to happen.

They are winning now.

I want Pompey to win because it will mean that their manager will keep his job. 2-1 Skates.

Yep that's what Cortese basically said to me. He said it would depend on the crowd figures. It annoys me because I want my seat back but not a lot we can do!

Bournemouth not doing bad for themselves.

I can see how once bitterne could come to the conclusion that he did based on previous posts. Not the original post on this thread though it has to be said.

I think it is more the fact that you have brought it up many many many times. Once Bitterne is totally correct in that the ownership has not actually changed much from what it was before.

No they didn't. The fans had no idea who the swiss lot were.

I think people wanted to show their appreciation. The atmosphere in the room was really good actually and made a refreshing change. The two idiots aside it was really good.

It does unless the Itchen North is closed...

Yep that was my best bit as well.

Were you at the pub with the disabled kid swearing at skates? That was hilarious.

how is ben?

I was at the pub in Charlton. That was brilliant.

Do you mean the deposit? If so you are wrong.

Oh yeah McMillan wanted to change the price of a pint of guinness. Having said that I thought that bit was quite amusing. It was all the other rubbish that made no sense.

It would only appeal to certain people. I think with the economy how it is at the moment it would put people off and many people don't like investing in football. Many people don't mind paying extra for the premiership title. I think ML can see how much more rewarding it is to build up a big club which has fallen on hard times. For the price I think we were unique in this way.

Everyone was asked whether they thought that 5 years was a reasonable time for promotion to the premiership and everyone said yes except McMillan who went off on some diatribe about how Southampton is a massive club and how Yoevil looked at us in awe when they came here. He really was a numpty. Some people also went on about how long they had been a season ticket for. How is that relevant to any question? It just ate into the precious time we had and irritated me.

May well have. I can see the attraction though. The potential is great and was the biggest bargain for any football club at the price.