Clapham Saint

Or indeed a turd post... ;-)

The quote is even worse when you see the gesticulation which accompanied it. I saw him on the news last night and everything about his response to the question looked like he'd planned how he should react and practically screamed "I'M LYING!"

I have 6 halogen lights (I think 50w) linked in pairs to a single transformer (with 3 outputs). The transfermoer has blown and I'm buggered if I can find the same one on-line ( it was already installed when we bought the house a year ago). I also don't seem to be able to find a alternative trasformer with multiple outputs that doesn't cost an absolute arm and a leg. Does anybody have any recomentadions? If I get 3 transformers can i split the input cable easily enough? I've never tried to play wit my electrics before (just incase my lack of knowledge wasn't totally obvious). Thanks in advance as always, CS

Exactly

I suspect it will take until next closer season before we hear anything but that is a bit finger in the air. Unfortunately its a bit "how long is a piece of string?" The investigations won't affect the current trading entity (or are very very very unlikely to anyway) and any action is likely to be against the individuals involved (the directors). Any impact on the club as it stands now is more likely to come from the fa.

It would also be interesting to know the full structure of the deal through which the russians bought the club. I'm happy to be corrected but I think that they/chainarai/both have confirmed that at least a large chunk, if not all of the amount they are to pay has been deferred. If they have paid nothing up front they could have nothing to lose if the cva and with it the business fails. It wouldn't surprise me if chinny has accepted fully deferred consideration but retained his security over the ground (I think somebody confirmed this a few pages back?). If so they russians take a punt on promotion and an uplift in value but take no risk as they never actually paid for anything and chinny gets to sell the stadium to tesco but still remain "the man who tried his best to save the club".

Wow. This thread has really picked up speed in the last couple of days. Without bothering to respond directly quoting each post there are a couple of points. An administrator/liquidator will publish a summary of receipts and payments. This is all that really matters in a formal process and is NOT an indication of profit as would be stated in a set of annual accounts. Poopey ARE currently servicing the CVA, primarily because the servicing cost to date has been £nil. It will be interesting to see what happens in april, however without a significant change in fortunes I'd be amazed if they get to the end of the CVA. The events constituting a failure of the CVA will be specified in the CVA doc (I havn't trawled through it) as well as the resulting implications however long story short and in practical terms I expect them to default on payments sooner or later and be placed back into administration again. This would be a new administration process as the old one ended when the cva began. I still think it will end in tears (theirs not ours)

Thanks guys. I think it's fairly clear that although I did need the guy to come and put the socket in, we've been done. Does anybody know what the cause of the bad reception might be? It does seem strange that it can be perfect for days and then totally unusable one morning for no obvious reason before then getting back to normal.

I hope that somebody on here knows about these things and can offer some advice but... Up until a couple of weeks ago we were receiving perfect reception on an old analogue aerial. There were 3 sockets in the house (2 in use). After badgering from the Mrs “we” decided to get an additional socket installed in the top bedroom which we currently use as an office. A chap came round a quoted £85 to put the new socket in and hook everything up. All fine so far. An installer came round a few days later (whilst I was at work) and persuaded Mrs CS that we needed a booster unit because 4 sockets was too many to run from the aerial and was “diluting” the signal. He also persuaded her that the old aerial was loose and that although it wasn’t strictly required she would be better off getting a digital aerial. This ended up costing £200 but the reception was awful and genuinely unwatchable (all aside from the fact that anybody competent enough to give a quote should have spotted the issue before hand). After an unimpressed phone call the guy came back and this time persuaded Mrs CS to part with another £50 (yes I know) for a splitter box (or something very similar) to split the cable properly (apparently the pervious set up was just a bunch of cables taped together). Now the signal in the main is fine, however intermittently it still goes through periods where it is impossible to watch anything at all. I thought this might be weather related but it happened again yesterday when there was no wind/rain to speak of at all. Anyway, I’ve thrown a tantrum and the guy is coming back again on Wednesday when I will be here. I suspect that the reception at the time will no doubt be fine making my argument difficult but I need to get this sorted. Does anybody know enough about aerials to be able to make suggestions as to what the problem might be? If he can’t fix it them I’ll write a letter of complaint, copy in the credit card company etc to try and get some money back but right now I just want a tv that doesn’t become unusable once every week. Thanks in advance guys, CS

Lol. Maybe.

Wow. This thread seems to have got a little out of hand, however... The fact that the codeword was taken from the name of a dog is interesting. The name itself can hardly be described as fundamental though. Dune, until others pointed them out to you, you don't seem to have cared at all about the numerous (deliberate) errors in the previous version of the film. To fixate upon the dog's name is frankly ludicrous. On a side note, the original film airbrushed my Great Grandfather from history. I would have thought a much more historically relevant point than the name of a dog.

Nothing wrong with that! Although it seems a long way off when you're sat in doors studying it'll be worth it in the end.

I don't think I said that... To be honest I haven't had the will to read the who CVA agreement. However I did say that, I don't think that Chinny has paid a singe penny to buy the club this time around. From what I have seen it appears to me: The current company (new co) purchased the club from the old company (old co) which had gone into administration and was subject to the CVA. The purchase price is equivalent to the payments required to service the CVA. The CVA payments have been postponed and as such b*gger all has been paid by the new co for the club.

"Pompey are still waiting for the potential takeover of the Convers Sports Initiatives group to go through to allow work to begin on recruitment, though." Wasn't this days away... weeks ago?

I'd assumed that was his daughter...

Decisions decisions... Take my wife out for our first anniversary and stay married or go to this game and risk divorce.

I'll happily donate

Quite so. However if I point this out his brain will probably melt and so I just stear clear.

I work with a Brighton fan. He is foaming at the mouth at the thought of being able to get one over on Adkins after his "we're every other team in the league's cup final" (or something very similar) comment. Even metioning the game gets him started on a 20 minute rant about how they're going to "ram it down his throat". They're also looking to reach a record points total. The fans are definately up for it. I doubt the players will be any different.

The chap walking past at the back: "Mmmm... Nice arse Nige".

Depends on how he is helping to pay the mortgage and the loan. If he is paying to you and you then paying the bank then he won't have a leg to stand on. If he pays the bank directly it becomes a bit more complicated. You'd need to work out how much of all mortgage payments have been capital and how much interest (shouldn't be too hard from the statements), and then how much capital he has paid off. Morally it depends if the intention was always for him to pay part of the mortgage or he was in efect renting half the house from you as the sole owner.

Really? You joined the forum on 14th July 2009, 6 days after Marcus bought the club from the administrator. Surely you don't have multiple accounts or god forbid have created a new account after being banned?

Woah there! Right, before I start, I've only read Steve's summary. I'll probably download a copy when I get to work tomorrow and will post if something else major comes up. I don't think that anybody thought that we are operating at a profit at the moment did they? That said £6.7m is more than I expected. Its a problem if it coninues indefinately but isn't too concerning in the short term. Nice to see cash in the bank, however given that at the end of June a fair amount of season ticket cash will have just been received so if there weren't cash in hand I'd be concerned. Yes there is debt, it is all due to the Liebherrs (or Liebherr controlled entities). Given that we have made a loss of nearly £8m we are going to have to owe somebody money (as thankfully the money chicken petting zoo never came to pass). Better that it is the Liebherrs than a bank. The debt is also not due for over 5 years indicating that there is some sort of formal agreement in place. I'd be amazed if the auditors (who are they by the way?) were prepared to sign off on them as over 5 years without seeing some formal confirmation. There are a multitude of tax reasons to put the money in as debt rather than equity. Ultimately, if the Liebherrs decide to withdraw support (which the going concern note suggests is not the case in the next 12 months at least) we have a problem but 1) we knew this anyway and 2) Its not an insurmountable one. Prior to going into admin we had a problem becuase we owed money to a 3rd party (Barclays and Aviva), who held a debenture, giving them the right to appoint an administrator and so the ability to force our hand. Now we owe money to the owner(s) who would be stupid to make any similar moves if they wanted out as it would massively reduce the value of the asset that they were trying to sell. Probably £1m p.a. plus Employers NI?

Exactly. Actually you can probably make that before.

Lol. Only just caught up on this. If the few pay by credit card and the club stops trading in the summer then they will all go straight to their card companies to get the transaction refunded. Given that Poopey will have already spent the money and there will be no way for the card company to get the money back from the club they will be left with a massive loss (as they will still refund the fans). The card providers clearly think that there is a decent risk that this could happen and so aren't prepared to hand the cash over to the club until the games are played and their exposure is removed. If the fans take out a loan from Zebra Finance to pay for their ticket and the club goes under in the summer then they will still have to make the repayments to Zebra and will have to try and get their season ticket money back from the Administrator/Liquidator. They will be unsecured creditors and I'd be willing to bet wouldn't get a penny.