Jimmy_D

How bad is it for Micah Hall? Could it end up affecting the takeover?

You must have been inflating them too much... On a more serious note, if all the PFA did was ask for clarification on why the bid was turned down, who actually caused the adjourment?

http://www.bbc.co.uk/news/uk-england-tyne-21450584 That can't be helping them!

Actual statement says it's £2.5M in escrow from fan pledges AND individual investors. They're barely covering just the missed £2M even with the HNWs. As for the loan, it's still subject to the same conditions (so not actually handed over yet.) http://www.bbc.co.uk/sport/0/football/21444012 Basically, they're in exactly the same position as yesterday, except now they've got the extra hurdle of the PFA to get past. The PST is using more spin than Shane Warne at the moment.

You think it will happen eventually then!

From the PFA. 'The goalposts of the bid have been changed again and where once the players would have been the first to have been paid, they are now the third' No wonder they're worried about the PST bid.

It's like a Sunday Ref trying to give a team time to equalise at the end of a match, but it's looking more like they'll concede at the moment.

That's actually a really good move on the PST's part, if they've managed that. I'd assume that this relies on them getting the ground away from Chanrai first. Would be difficult for the council to take away the ground even if they can't keep up with repayments (politically, rather than legally). I'd be surprised if the council have agreed to that though.

There was a rumour yesterday that it had been adjourned yet again, to be announced today. Maybe it was true?

Reckon they're relying on the PPs being available as security to secure the loan from the council, and are trying to negotiate with the players to get THEM to accept being paid on the never never instead of from the PPs. If that's the case, with their recent credit history, I wouldn't be surprised that the PFA are telling them where to go.

AFC Pompey Takover Saga?

Honourable mention for Niemi's Left Glove and Right Glove.

Any particular highlights?

I may have got a little carried away heh. I'm 27, but this is the first Premier League season ticket I've had, and Man City are certainly the biggest scalp I've seen us take when I've been at the game. I've seen the JPT, the promotion deciders, and the last day escape since we were relegated from the Prem, and all of those were perhaps better atmosphere, more riding on them, but seeing us deservedly beat Man City, the current champions, is the first time I've been there to see us take a huge scalp with my own eyes.

That has to be the best game I've ever been to. Cork was immense, Yoshida was an absolute rock at the back, the whole team gave it their all out there.

That's the real damage the new bid has done. It's demonstrated that the PST had already undervalued Fratton Park by at least £250k

Says the one that started the whole bloody thing!

There's a fudge factor with administration, as it's intended to rescue a business as a going concern while acting in the interests of creditors, and maximise the return for creditors only in the event keeping the business as a going concern is impossible. Losing the golden share could be seen as the same as stopping them being a going concern, arguably, leaving the PST as the only option that leaves the possibility of carrying on as a going concern.

Wow. If the PST really is the ONLY option the FL is willing to accept... They really are screwed. The failed bid will have created evidence for a higher value for Fratton Park, for a start. Not to mention all the problems they already had. With the FL being forced into making that statement, the possibility of a white knight has been removed, and I really can't see any possible way out for them now.

Ahem...

New bid fails because of the FL. http://www.football-league.co.uk/footballleaguenews/20130207/portsmouth-statement_2293334_3068475 Also states that it REALLY IS 'Trust or Bust'

On a side note, that's feeling more and more like a bloody lucky escape.

Would think this could have a significant impact on the perceived value of Fratton Park.

Just when we thought it was all coming to an end

Has to be a wind up, surely? (No pun intended)