hutch

Got my 3 in the Kingsland, so you can add another 2 to the Saffer contingent. First, and probably only, game for me this season. Can I bring my vuvuzela?

Anybody know who Steve Wilson is?

Pull out all the cables and plug them all back in again

Unless you live in Lithuania. Or Latvia. Or Newcastle.

Stinking hot here today, but cooling down a bit now it's 5.30. Those thunderstorms at Sun City haven't got here yet. 5 minutes in the pool at HT methinks. Anyway time for a quick smoke before then

I'd be disappointed not to hear at least a couple of rounds of "One Peter Storrie"

Think I'll wait for the "Just back from the game" thread

There is only one question that requires any guesswork, and that is "Will Chainrai lend them any more money?" If the answer is yes, they'll continue to "get away with it" in the same way they've been "getting away with it" for the past 2 years, and if it's no, they'll be gone within 3 months. HMRC will wind them up, and they won't get any leeway from the Courts this time round. Talk of points deductions is just a bit of fun. Their predicament is far more precarious than that. And IMO a bit of circumspection from AA wouldn't go amiss. To gloat that they're now in a far better position than they were because they've received £10.8m which was looted by a bank robber, according to press reports, doesn't do them any favours.

And when does the PAYE & NI have to be paid to HMRC?

Lived in Addis Ababa for a couple of years. It's quite common there.

FWIW, the relevant part of the CVA actually states the following, word for word: Upon the acceptance of these Proposals, by the requisite majority of creditors, the Club [thats "Oldco" to you & me] will enter a CVA for a period of nine months or such further period as creditors may allow. The nine month period should provide the Joint Supervisors of the arrangement a sufficient period of time to oversee the transfer of the business and assets of the Club into a new company ('Newco') and also to facilitate the transfer of the FL share to that entity. At the end of the nine month period the original legal entity, which traded as the Club, will be placed into Liquidation to enable the duly appointed Liquidators to begin their investigation into the affairs of the Club. Newco will continue to trade as the football club in the Championship and will be obliged to pay a contribution to enable a minimum dividend of 20 pence in the pound before costs and expenses to all unsecured creditors in full and final settlement of their debt. This obligation will be formalised by way of a binding sales and purchase agreement in consideration of the transfer of the business and assets to the Newco. Newco will be allowed a further period of 4 years and 3 months to pay the outstanding consideration into the liquidaton. The sale of the "business and assets" took place to Chainrai in October 2010, and it would seem safe to assume that the same obligation was included in the sale agreement from Chainrai to CSI, so they have until sometime between January and June 2015 (depending on how you interpret the CVA) to pay up. In answer to Holepuncture's point, Newco has to pay the CVA, not Oldco, which is was placed in Liquidation in January 2011. It is, IMHO, a disgraceful document, not least because: a) it is headed "SUMMARY OF THE VOLUNTARY ARRANGEMENT PROPOSALS", suggesting that there are actually more explicit "VOLUNTARY ARRANGEMENT PROPOSALS" lurking somewhere that haven't been filed at Court, and b) it is open to interpretation that the obligation to pay is contingent upon Newco continuing "to trade as the football club in the Championship". Suspicious minds might ponder what would happen if the football club was not in the Championship. The words "in the Championship" were included in there for a reason, because they are not necessary simply to create the obligation to pay.

Time for a nice cold glass of orange squash and a smoke

There's a complaints panel, run by three Irishmen. Gerald, Michael and Patrick. Can't remember their surnames.

Wow! that's a huge amount. Enough to pay their .....oh......

I don't think NewNick was around then, though, Phil. But you know him better than me.

Welcome NewNick. Where's OldNick? Just hypothetically, of course, but what if Chainrai was quite a clever businessmen, and had set up an arrangement so that he has registered charges over the club and it's assets such that he would get what's left (if anything) of the parachutes anyway if the club was liquidated?

Couple of bit parts up for grabs: Yer 'avin' a larf, moosh! & female motability scooter driver Any volunteers?

According to some on the main board we're all nutjobs who post on here. So here are a few rambling thoughts from a nutjob on the recent revelations: It looks very much like CSI's long-term ownership of the few is dead in the water. They appear to have purchased the club from Chainrai conditionally on making stage payments, with Chainrai retaining his lien(s) until final payment in full. My guess is that they will default on future payments. Chainrai has 3 things to consider if he decides to repossess the club: Will he be able to find another buyer? My guess there must be serious doubt about that How much more cash will he have to chuck in every month keep them afloat until he does? My guess somewhere between £250k & £500k a month How much cash will he get back if he allows them to go into liquidation? Probably not enough, but maybe it's time to cut his losses There are sounds of pennies dropping all over Portsea. But even the "enlightened" few are looking in the wrong place. Suggestions of "doing a Scum" and rebuilding from League 1 are just wishful thinking. Another relegation (or two) is the least of their problems. They really do need to take a close look at that old CVA thingy. £16m to be paid by January 2015. There is no obligation to pay a penny next year, or any time before the January 2015 deadline, but when it eventually comes I can't see them getting past that. Unless Chainrai comes riding to the rescue again, I foresee serious cashflow problems now that Antonov's monthly subs are likely to have vanished. Lumpitt seems to be a respectable man, so will he wait for another winding up petition from HMRC around February, or do the decent thing before that? Odd that in these dire circumstances their reaction is to put the blinkers back on and sign up more improvements for their squad. Or maybe not.

Last time we tried that we got Puncheon.

Is the portable drive big enough to back up the whole laptop onto? If it is, and you have Windows 7, you can create create a "system image" of the entire content of the laptop onto the back up drive. Then, after you have re-formatted and reinstalled the OS, you can "mount" the system image on the portable drive as a VHD (Virtual Hard Drive), and access anything on it to copy it back over to the laptop HDD as required. I've only done this with Win7, so don't know if it works with Vista or XP.

May 2002 & May 2004, allegedly. So, no.

Me too. McAlpines even paid me a salary for it.

I would have traded that for skittling them out for 21 yesterday, though.

I heard he's copped a plea. Voluntary Milanslaughter. More seriously, if he's cut a deal as suggested, it'll no doubt be conditional on FULL disclosure. If he fails to spill all the beans, he'll be in deep stuff. No wonder 'Arry's ticker packed up when he found out. A much better result for HMRC than a straightforward guilty verdict from a jury.

But by the same token I'm glad we don't give "exclusives" down the pub to selected journalists on the back of a promise. Keep it professional. We do press conferences (every Thursday?) open to all journalists. If you have any questions, feel free to ask.