benjii

We didn't concede a late goal but neither did we score one. :confused: So does this mean we are average at sports psychology and fitness or does it mean we are good and bad at both at the same time? Can anyone confirm?

I've been working! We can't all swan around the desert playing golf, drinking and posting on t'interwebs!

Thank you, that's very sweet.

Although Dune rants a bit, he is right about Brown and Labour.

Fighting over land is so passe.

Pretty much. On the other hand, if he hadn't loaned them all that money they would've folded months ago.

Oh, ok!

I'm not trying to start an argument but how exactly do you know this?

Yep. They have a long period of embarrassment and grief ahead IMO.

WOW!! DP in posting oblique statement that is very likely to be true in some respect then bigging himself up later! WOW!!! What a guy.

Unacceptable. Solent out!!

WTF are those idiots up to?

No, no, no.... If they go into admin he loses control. However, as the only secured creditor (maybe) he would be at the forefront of the administrator's responsibilities. As for returning shares... it's a moot point. Someone will either buy the shares to get them out of admin, or someone will agree a deal with the creditors and buy the assets of the business in which case the shares become pointless anyway. I agree with your final paragraph though!

Some IMO and some just good 'ole facts!

Fine, that may be the case but I repeat, it has nothing to do with PFC (IMO). PFC never has owned that land AFAIK. It was Miland Developments who owned it historically and then Gaydamak bought it (or bought Miland, can't remember). Either way, it's not related to any assets or liabilities of PFC.

They can't!! IMO. Some numpty at Solent has misinformed you (IMO).

Yes, quite. All the skates that think they will come out of this smelling of roses like we did are very wide of the mark. Charai has them over a barrel, with the stadium freehold, unless someone wants to pay his loan back to him in full. The alternative is developing a new ground which leads you all the way back to the "why Pompey?" question. The skates will be suffering from this for many years IMO (assuming they do make it out of admin).

It's not uncommon for all manner of long-obsolete charges to remain registered with Companies House. Barclays are not relevant IMO. If they were they would have played a role already in this end-game. Blimey, do you not think they would have recalled all uncommited facilities by now? They did... and were paid off, like Standard Bank (at the expense of everyone else).

Guys, if you have anything like this, you should seek medical acystance.

when he was younger! What a chutney ferret.

They can, generally, make a contract subject to whatever governing law they feel like. If they're trying to undertake a transaction in respect of the land though, they would have to follow the procedures for transactions of land under UK law for it to be valid.

The company can't put itself into administration without applying to the court. "The company" is the directors. A holder of a qualifying floating charge can appoint an administrator. Chanrai is, evidently, a qualifying floating charge holder.

What's the relevance of that to PFC? PFC don't own the land. Plus, we were told a couple of months ago that Gaydamak paid off the Barclays overdraft. I suspect there is a debenture registered that secured a revolving credit facility or overdraft that PFC used to have with Barclays. That has since been paid off and no one has bothered to have the debenture released formally. I know PFC have been run terribly but the likes Al-Fahim, Chanrai etc. have all been advised by very reputable law firms and wouldn't have made such a rudimentary mistake if this charge was relevant.

See my post above.

This is most likely ********. Barclays may still have a qualifying floating charge showing as registered at Companies House but we have repeateadly been told that Pompey owe no money to any bank. If Baclays aren't owed money then they can't exercise security. It's likely that the charge simply hasn't been discharged. Not likely to be relevant at all IMO.