hutch

According to the OS in May, he agreed 18 months ago to sign a Pro contract when he turns 17 his month. I expect he's going to feel some heat in the next 10 days. If the "agreement" from 18 months ago is in anyway binding, then that's not really fair to a 16 year old. But that's agents for you.

Ah, that explains why he got so many England caps.

The spin doctors are having a field day down there. I chuckled last week when I read that the match against Gibraltar is the centrepiece of their upcoming Spanish tour:rolleyes:. Being their only game, it's also the leftpiece and the rightpiece. Now I read that the earlybird discount on season tickets will last until less than a week before their first league fixture. So it's also the ontimebird and the latebird discount as well. At the end of April we were told that the whole of the first team squad would be leaving except Etuhu and Futacs, who would be given new contracts and would be staying. Fast forward to July, and the whole of the first team squad are staying, except Etuhu and Futacs, who are leaving.

"Trevor, we've been told by the FL that we can't use that £30k prize money to subsidise the season tickets" "Oh, OK then. Use it to subsidise the school kids tickets instead" "Right oh, boss"

But Gretna only participated in ”non-league” football in England. Berwick Rangers are a proper league club in Scotland, and have been for as long as I can remember. And everybody knows Wales isn't really a proper Country;)

The border is there for a reason. Scottish clubs play in the Scottish leagues, and English clubs play in the English leagues. Except Berwick, of course. If Rangers were hellbent on playing their football in the English league, I don't see how it could be prevented. There are too many precedents. The only issue is which league would they start in, and when. They would, of course, have to fight it out for English slots in Europe.

In 3 words. Future parachute payments. Without them to come, they would be long gone.

In their terms, and using CVA1 as the model, they're right. They have a CVA, they just don't have any money to pay it. But that's never stopped them before, has it?

My reading of the CVA proposal is that it also involves an "OldCo-NewCo" arrangement, for the following reasons: TB describes Chainrai's bid as: and In the CVA the Club is defined as: The Club's business is defined as: The assets are anybody's guess, but probably limited to FP and any remaining PPs. No suggestion anywhere there that Chainrai is buying the Company which is in administration, he is buying it's assets. I would guess therefore that if and when he does, that Company will be liquidated. It seems to me a deliberate attempt to blur the clear distinction between the football club and the company that owns it. Wouldn't it have been more straightforward to define PFC (2010) Ltd. as "the Company"? The following Condition in the CVA: suggests that it won't be PFC (2010) Ltd. that will be asking for the golden share, but some as yet unknown NewCo. So not really very far from the situation at Rangers.

For half a million quid Chainrai gets the freehold of FP and 4 or 5 million from the PP's. What have the Trust got to offer him? If the players won't walk, he gets the freehold on liquidation.

The CVA clearly lists the PFA claim as £0. There are 4 “Professional Football Players Claim Elements” listed totalling £26m, and these are referenced ”c/o PFA”, but that's not quite the same thing is it? I guess the PFA are acting as ”agents” on behalf of the players, rather than claiming themselves. I'm not convinced the players won't get their money from the PP's if the club is liquidated. We've only got TB's word for that, AFAIK. The PL rules aren't clear on the issue, and I doubt they were written with this scenario in mind. It's never happened before. If the full value becomes due at the point of liquidation, then depending on who is liable to pay, they could get their money. The FL, for example, is defined as a football creditor in that situation. So, as I see it, if the FL have to cough up if they are liquidated, they could get the money back from the PP's. As I say it hasn't come up before, but I doubt that the PL would redirect remaining PP's back to PL clubs while FL football creditors go unpaid.

Page 63 of TB's CVA proposal, which is probably more accurate than The News

The PFA claim isn't £20m, it's £0. The £20m+ claim is described as Professional Football Players Claim

Anybody seen the video interview with TB just put up on the BBC sports Site? Watch the body language, particularly the eyes. It's Chainrai or bust. He's humouring the Trust.

They've got far more important things to think about

Or the last? From the BBC this afternoon:

On second thoughts UWS, you might have a point. Birch's CVA proposal (2.4) says: That might be the bit the FL don't like.

Wouldn't that be a condition rather than an amendment?

I can help with the first question. From published documents by Andrew Andronikou and Trevor Birch, the HMRC situation is: CVA1 HMRC claimed £37,768,387.13 Andronikou "accepted" £23,895,044.67 Baker Tilley will ultimately decide on the correct amount, and they will be due, at 2% of 20%, between £151,073.55 and £95,580.18 CVA2 Birch "accepted" £2,929,243.66 so they will be due £58,584.87 So the total loss to the taxpayer is somewhere between £26,670,123.28 and £40,487,972.37, depending on Baker Tilley's decision on the correct amount owed to HMRC in CVA1.

It's their dogged perseverance in raising money from charities that makes them stand out from the crowd.

The easiest way to make the point is to ask them if they know what a CVA is. If they do ask them why bankrupt clubs need them. Then ask them why Saints didn't have one. QED

So the quote from the taxi firm owner that they lied to him was removed, and the section at the end about the PST bid was added.

Could we set up an online blind dating agency? "Meet you at turnstile No2" sort of thing.

Are we surprised that the phew are finding it difficult to grasp the concept of the players being prepared to honour the legally-binding contracts that they signed with the club? One side IS doing the honourable thing, but I don't think they realise which side it is.

Simplest solution, if your finances have truly gone Pompey-wise, is to get one af the site admins to sort it out for you at 2c in the $.