Lord Duckhunter

Saw this post on another forum. Dont know how true it is, but it seems pretty genuine to me. "For my sins, Insolvency is my line of work. Lots of points have been raised on here which, when looked at logically would seem to hold water but are in fact incorrect. When an entity enters into a formal arrangement, in this case a CVA, the purpose is to deliver a clean slate. This is delivered by structuring an agreed schedule of repayments for the benefit of all creditors. In any business other than football, the principle of Pari Passu is used meaning that each creditor gets paid precisely the same percentage of what they are owed. Of course in football, all football related debts are satisfied in full first (wrong but irrelevant here). So, the debts that the CVA cover effectively disappear. This means that PFC had no debts whatsoever as soon as the CVA was agreed. However, they also had no assets either as these would all have formed a part of the CVA as security against it failing so those who have said that assets would be sold prior to liquidation are in theory correct - the trouble is, there are none any more as they are already "owned" by existing creditors. As the club started with a clean slate but no assets and very little working capital, it was clearly living hand to mouth; in much the same way as most households live from pay-day to pay-day. So, now that NICS have gone down the pan, there simply isn't another pay-day on the horizon. If you consider that higher rate income tax runs at 50%, then an unpaid tax bill of £800k relates to a wage bill of only £1.6m. That really isn't an excessive salary bill for a Championship team - until you run out of cash of course! That said, the situation is tremendously serious for two reasons. The first is that the CVA will have to be paid monthly. If there isn't enough cash to pay the £800k tax, there's no way there will be enough to pay an extra £1.2m for that unless someone with heavyweight cash gets involved. If the CVA fails, a term of it will be the winding up of the business. The second is that there is an extremely aggressive creditor involved in the form of HMRC. In my entire career, they are still the only creditor that I have seen take action on principle. In other words, deliberately take steps to close a firm even if it means they lose out on cash. They already have the bit between their teeth, hate the football rules and are looking to set an example."

How would people feel if when their MP died, he was replaced by his/her first born? In what other walk of life would we accept this? Just because Queenie's relatives were the Gaddafi's of their time, we're expected to just smile, wave, bow and let their future blood line "rule over us"for ever and a day.What a strange type of democracy that is.

That's what I thought, it says "there will be no ticket sales available online and by telephone (via Ticketmaster)". I bet Ticketmaster areb still selling all their other tickets.

Could do with Cardiff winning Semi Final, take their mind off the league for a bit.

Dont know if this has been posted yet, but ticket sales are cash only from Tues. It's an "essential system upgrade". http://www.portsmouthfc.co.uk/LatestNews/home/Essential-Ticket-Sales-Work-3042.aspx

Sky sports news reporting a new signing.

There are republican's in Parliament, so there are republican MP's from the main parties (granted I doubt whether there's many Torys that fall into that category). Comparing what republican's want to the USA president( as some have done in this thread) is misleading and wrong. The US is a Federal Govt, and the president plays a political role in that. Nobody I've seen is advocating that to replace the Royals.It is more in line with the Irish, where The president is a mainly ceremonial office.The Taoiseach is the Prime Minister who runs the country. The Royal supporters keep telling us the The Queen would never use her powers, is a ceremonial role, and is not political.They then use the counter arguement that we dont want a politican as head of state, and that it will be a minefield replacing her constitutionally.It can't be both, if she is just a figure head who would never weald any real power, then she should be easy to get rid of. I believe that every British person is born equal, you clearly dont.

So you're happy for our head of state to be just one big tourist attraction. An upmarket Mickey Mouse, rather than the head of a modern 21st century Country. A Country I may add ,that goes around bombing, lecturing and generaly feeling smug in the name of "democracy". Whilst we bow and suck up to the Royals, we go around telling Iraqi's, Afghan's and Libyan's who should or should not be their head of state. I find the whole thing a bit strange. It what other walk of life would people accept Heredity sucession. What would we say if Nigel Adkin's first born automatically became Saints Manager, upon Nige's retirement?

If it was just about money, why dont we let Bill Gates pay £1billion a year into the coffers and let him be King. After all it'll be much cheaper than what we have at present. As for President Kinnock ect, you appear to be saying that the British people are so stupid that we can not allow them to have a vote. We bombed the hell out of Libya, killed millions of Iraqi's to despose of leaders who came to power in exactly the same way as our Royals did. Perhaps we should have advised the Libyan's to stick with Gaddafi as it will cost less than having elections and a democracy. They may also vote for a leader that you dont want, we cant have that now can we?

Just spoke to my Hudders supporting mate, he reckons if Rhodes signs for us, he's going to run naked from Hudders to St Mary's.He said it is not going to happen. Pretty sure he'll stay till end of season, but if not, there are clubs higher in the food chain he'll sign for. As a footnote the thought of a 60 year old bloke running naked has put me off this signing once and for all.

Clotterill quoted in the paper today talking about Forest "Can I sort it out? I had a similar thing at Portsmouth last season, didn't have enough players, but signed 3 or 4 and had a break in the sunshine, and kept us up". The interesting thing is, he then went on to say "I dont have the scope to do that at this club". Forest can't afford 3 or 4 players or a break in the sunshine, so dont sign them or go. Those cheating ****s down the road, dont care, they just do it anyway and stayed up.

You either believe that everyone is born equal or you dont. It is a principle that should not depend on the cost, what power they use or whether they are "good" or "bad". We invade Countries and bomb Gaddafi to impose democracy on his Country, yet fawn over a family like we're some sort of 3rd world nation. A family whose forefathers were every bit as evil as Gaddafi or Hitler,but we excuse it because it happened hundreds of years ago . Surely in the 21st Century it's time to choose our own head of state, and that they can be any sex, religion, or colour.

I love this football clip, half time at Orient. Classic line "I'll take you on, you two can pair up, bring someone else if you want, bring your dinner". Dont quite know what "bring your dinner" means, but it made me laugh when I saw it on TV 20 odd years ago and thanks to utube it still makes me laugh. http://www.youtube.com/watch?v=obixCOVTVwY

Makes me laugh that people are getting their knickers in a twist over a tax payer funded Royal Yacht, as if that's the only expense to us. It's like, "you can live rent free in our great houses, we'll fawn over you, pay all your useless kids and family to do **** all, you can even dissolve our Parliament, but there's no way we're paying for your Yacht". A Royal Yacht is a drop in the ocean compared to what the Royals have cost us over the years. If any other German family came here, lived off the welfare state & rent free, with rights far above anything that the normal public have, people like Dune's blood pressure would explode.

True story, The same thing happened to me. Playing for an under 18 side the Manager took us to games in a mini bus. After a poor performance one evening (it was an end of season game) he wouldn't let 4 of us get back on. Told us to run home as we had plenty of energy left. It's slightly different in that we were 17/18, were only about 3 miles from home and it was about April time, but I still remember it clearly. One of the guys Dad's went round and had it out with the Manager, but my Dad just said "you're an adult now", before saying that perhaps I should have worked harder on the pitch.

3 boys and 1 girl, plus 1 step son as well. Would love more, but Mrs Duck has put her foot down. Girl is harder work than all the boys added together, but with 4 older brothers I'm sure we'll manage to keep the toe rags away, when she gets older.

I love The Who, but I am a bit uncomfortable regarding Townsends admission that he paid for child porn sites "purely to see what was there". He was cautioned by police in 2003 and placed on the sex offenders register for five years and admitted using his credit card to view images on a child porn website.

My 12 year old has just got a Blackberry curve 8520 and I'm having a problem with the WI FI As he does not have a lot of minutes for internet under his plan, he wants to be able to connect to the home network when at home. I have set the WF FI up and it all works ok. The problem is that the phone automatically defaults to gprs everytime and only connects to the WI FI if I disconnect all his phone services. My daughter has a phone which defaults to WI Fi, if available, but I cant for the life of me see where that's an option on the Blackberry. I have googled it, but that's confussed me even more, with some articles saying that it's impossible to do. The phone shows the home network on the screen, shows WI FI symbol, but always connects to gprs. Any help would be greatly appricated.

There's obviously a pile of crap out there and always has been. Freddie and the Dreamers anyone......... But the most over rated, and therefore in my eyes the worst "serious" band of all time has to be Queen. I just dont get the hero like status they seem to endure. Slade were 100 times better,so even in their "peak" they were shiete.As for bohemian rhapsody, dont even get me started, the most pretentious load of ******** ever written and people study it like it's some sort of great work of art. Dont like U2, but can see why people do. Worst artists; Jackson-Cant understand how he's got away with it. Should have been locked up years ago, in the Glitter file in my opinion. Kylie-Nice arse, but no talent. Sting (last 10 years) A complete and utter plum..........

If he was with Luton Towns academy I would try and get in contact with Matty Holmes, who runs football out of Ferndown Leisure Centre and is something to do with Bournemouth's acdemy as well. Failing that, Tony Funnel runs the nippers for Poole Bourough but it's at Carter school, which is quite a way from there. My nipper plays for one of Wimborne sides and they're pretty decent, but I dont know what the younger age groups are like.Poole Town also have a lot of youth sides, but I'm not sure how conected they are to the club. If I was you I would ring Ferndown Leisure Centre and try and get a number for Matty Holmes. Good luck with the move, you've chosen a nice area move to.

The Band..........

It is his job to express an opinion, but not the same thing over and over and over again. On Saturday the two of them were like those 2 blokes in the muppets, waffling on and agreeing with each other. They cant even get simple facts right, kept banging on about Lambert missing the Cardiff game. Same with Brighton game, kept banging on about Morgan Schneiderlin not being in the squad. It took a listener to text in to tell them he was suspended.Whilst Sky and even the BBC have moved on, with people like Claridge, Souness and even Gary Neville giving real insights into the game,Solent is moving more and more towrads Partridge teritory every year. It's getting like Partridge commentating with Ron Manager as the co commentater.

The last thing that the SNP want is an in/out vote, as they'll lose it.If the Scots thought that a vote for the SNP would automatically lead to independence, they would be nowhere near power. The Scots could vote for Salmon, safe in the knowledge that it'll never happen, so for the SNP to claim a mandate on this is just false. There are loads of questions that need answering. What happens to the currency-Are they going to join the Euro, have their own, or keep the £. Surely keeping the £ is down to the rest of the UK to decide, not them.If they want to join the Euro will the Scots accept the tough new rules written by The French and Germans. Will Salmon not be swapping an English lead UK Monetary policy for a Franco German led EU one? What happens to the pension provisions of the public sector workers in Scotland. Does the UK pick up the liabilities of pensions earnt whilst working as part of the UK, or does the new state honour these? What happens to Scottish members of the armed forces. Are they going to have their own forces, or continue in the UK's. If they want to remain part of our's then surely it's for the UK to decide whether Scots should serve in OUR forces, and how much are they going to contribute towards the cost? What about our AAA crdit rating, I presume Scotland would have to borrow money at the rate set by the markets and could not borrow it at our cheap rate. How much are the Scots going to pay the UK for bailing out their banks? RBS & HBOS were bailed out by the UK, therefore any tax revenues collected from them should be distributed back to the tax payers of the UK as well as Scotland. How much will Scotland contribute to NATO and the EU? Are they still going to have the Queen as head of their state? If so, how much are they going to contribute towards the civil lists and the people who work for her? Personally, my view is that a federal UK is the best way forward.

Which politicans were critised in the report into RBS? Who set up the FSA, instead of the BoE policing the banks? Who knighted Sir Fred Goodwin? Was it the Americans?

I've nothing against Dave and I'm well aware of his part in the history of our club. I just dont think he's a very good expert on the radio. It's nothing to do with who people play for or how much they love the club, one of the best about is Steve Claridge IMO, and he's a Skate. What gets on my wick is him banging on and on about width and the shape, and then the other bloke parroting his words and seemingly encouraging him to constantly repeat them. They also annoy me when they waffle on over and over about players being left out, it was Forte and Holmes today, the other day it was Barnard. I manage to get to most matches, so dont have to liten to them that much, but if I had to listen every week, I think I'd go mental...........