rallyboy

more likely to beTrust and bust.

I think this case is quite different to previous ones. There should be little emotion in this one, there's no pleading for the plucky club's life, this is just about a bit of land. There will be a judge who probably doesn't even know what football is, he or she will be presented with valuations of a bit of land. The result of their decision is of no interest to them, they just need to rule on a value. If the Trust has done all their calculations on the land's value with a football club, then they have dropped a big clanger. All potential uses and values will be considered before a value is set, and if the court wants to lean towards a middle ground figure then they should have offered £300K! And the court doesn't care what their budget or funding is. The only thing that matters is the commercial value of the ground. Cross-eyed mudlarks pleading for yet another 'last chance' will be ignored on this occasion as they are irrelevant.

The PDT can spin this as a rubber-stamping gig all they want, they're trying to convince themselves. In previous court cases where they've been up to their tits in steaming pig's sh!t but come up smelling of roses, pompey have had Chinny on THEIR side.... I don't know if anyone else has noticed, but he's more slippery than a greased-up slippery thing on St Slippy's Day. So I'm sure he and AA have some good stuff up their sleeves - and even if Chinny loses the case, he'll probably just ignore the judgement and hold them to ransom! - either way, he won't be walking. As for the Trust claims about a settlement. Most lawyers always fancy their chances shortly before massive defeats. Lawyers love taking high risks, at other people's expense! It's like Birch, he drives the bus over yet another cliff but walks away and leaves others to sort out the wreckage. So their legal advice is probably very encouraging, in fact, as very encouraging as the other sides'. The nutjob feeling today seems to be towards some sort of additional payout to Chanrai on top of the base price - that could seriously derail the property developers who are blatantly trying to drive into ownership dressed as a fan buyout. If the court decides that a significant future chunk should go to the loan shark it would reduce PDT profits, perhaps make the development unworkable, render the Trust deal even more underfunded, and derail the whole rickety house of cards. And it's pretty rickety already. Despite Farmboy's confidence, I'll be more open-mouthed than a Horton Heath masseur if Chanrai is consigned to pompey history before Christmas.

dear Nicola, my club has a proud history of thieving charity cash, money-laundering, stealing from pensioners and war veterans, spending season ticket money on prostitutes, and using blood money from child-maiming to fund madly unsustainable growth. We are currently trading insolvently while trying to con a court that we're not property developers, and if we succeed we will be shafting taxpayers, local businesses, and former players alike. You may recall that we came round to your club and behaved like animals, don't forget that we also regularly insult the memory of your best friend by accusing him of being a Nazi, and we often spread malicious rumours about yourself, and the business. We know that you have a thriving foundation that is doing great work and that all the clubs' efforts are concentrated on that, but we think you should make an exception for us, especially as we currently have the fewest organised criminals and loan sharks within our boardroom for a decade. So give us money! yours sincerely random pompey fan.

that is one busy fence! First we had the Great Wall of China, then The Maginot Line, now the Fence of Unpledged Cash. It replaces the hanging gardens of Babylon in the all time wonders list, they were relegated after losing a vital playoff in Stonehenge's rather dated and cosy stadium.

Presumably the Trust's dream scenario is that the judge finds in favour of their property developers and it's go, go, go! Birch then asks them to put the cash on the table - and that might be a problem. Their big weekend fundraiser sounded like a bit of a damp squib from the credit union press release published on the News site. I particularly liked the links - Get your loan here! By now they should have their finance in place and be leaning on Birch and the court to let them get on with it. At the moment the only people benefiting are property developers and a loan company. But I guess it's been that way for a decade. If you've taken out a loan and the takeover doesn't happen, can you cancel it?... It is definitely time for a new club. As for the cashflow, a fortnight without a game and Trev's fees keep ticking along... He's gobbling up the Trust's future funding like a rampant pig in a sticky bun shop. Go on Trev, fill yer boots!

if Watford get hit with a points penalty for the financial irregularities from their past and pompey plough on regardless, can we can organise a joint eyebrow-raising and jaw-dropping session for followers of the Football League's decision-making process? Hopefully it won't come to that and Micah Hall's much-heralded editing and adaptation of this thread will give the authorities enough rope to dish out some justice.

if Watford get hit with a points penalty for the financial irregularities from their past and pompey plough on regardless, can we can organise a joint eyebrow-raising and jaw-dropping session for followers of the Football League's decision-making process? Hopefully it won't come to that and Micah Hall's much-heralded editing and adaptation of this thread will give the authorities enough rope to dish out some justice.

I didn't know that Olive from On the Buses had a twin brother. Anyway, calm down my little nutjob friends, I'd be surprised if the take-up is quite that low. But with no figures, no financial plans and no transparency, we can only guess. IF they really are struggling then expect to see a big media campaign next week, 'Trust or bust', 'this really is the end unless you step forward', but of course the real losers will be the property developers. Without someone giving them money and fronting their heart-tugging takeover, their profits will be limited and liquidation could be next. That would mean they'd have to pay a commercial rate for the land like other developers, rather than a 'fan's rates' price as proposed by the PDT. As Birch sets a record for the slowest administration in history and the Trust finalises their bid in the time it took a lame tortoise to join the 92 club, I'd hazard a guess that they are now just waiting on the court case. They are in limbo. Not for any good reason, they just don't seem to know the meaning of the word urgent. I know it's complex but surely by now you either give detail of your finalised bid or you withdraw, they don't seem to be doing either. Meanwhile I hear that Hearts are mounting a fan bid, so they could beat pompey to the title of the bestest ever in the world - if they too ignore Exeter etc.

the old villainherometer has just blown up - things change too fast. Keeper makes debut, gets a ride around the city on an open top bus after their draw, gets on the first train home, and as it trundles away from Fratton Station carrying him to freedom, he shouts out of the window that one day he'd like to be a club great - he just didn't say which club. Spiteful old FL making them adhere to rules again, it's not fair. And they're being punished for the same offence a third time. Though they can easily overturn the points penalty, that belongs to the other club, the old one - or the one before that. Boo, nasty authorities! They must be jealous like the rest of us.

they can't delay the court case, I've heard it on good authority that they have already won their glorious battle and will definitely have the keys before Christmas. Probably. Despite Nutjobs suggesting that the legal process can work slower than Birch on double-time after a lengthy lunch, all the PDT's chosen media partners have been assuring us that it's a done deal and is no more than a rubber-stamping event. In the meantime they've given up on packing the park and are now just trying to muster 1898 colour-blind people who need a new coat for winter. As already mentioned the club is only two years old so presumably the 1898 figure refers to the number of creditors still awaiting payment? Or is it the date when they last had a football club in the city that was trading solvently? Though I believe the full history indicates that they were involved with financial irregularities back then as well - wasn't their first attempt liquidated around the early 1900s? What a farce. As for the slowest cyclist in Europe, what a plucky little 15-year-old hero he is. His glorious effort warms the heart and restores your faith in young people and their ability to badly perform pointless lame gestures for self-promotion. Not exactly Paris-Dakar is it? It also makes you wonder what did he do with his two kids while he was out on this great adventure.

so no financial details will be offered to potential investors until after the court case.... Does that mean everything is on hold because they fear defeat in court, or do they expect people to blindly cough up money to help the property developers gain control? Any delay at this stage seems unwise. I understand they want pledges in asap, but even the dimmest person deserves to know what type of blackhole their hard-earned grand is disappearing into. Perhaps their sales drive day for the personal loan company will throw up some facts. Little info, fantasy accounting, a property developing deal dressed up as a fan buyout, a misguided media love-in and an invitation to take on personal debt - It all sounds a bit seedy and desperate. but what else can we do Rallyboy you fricking Nutjob? Turn the clock back five years and trade solvently perhaps? - or just do the time after doing the crime.

Smaller clubs than pompey don't take that many to Coventry. You can mock the photo but that's more people than you realise - don't forget that their ground holds 180,000. West Ham took 170 when they last went, Leeds 234, we only managed 38 - and this season I hear that Sheffield Utd sent ALL of their tickets back as none of their fans were deemed passionate enough to attend. So pompey might not have a very big following from that photo, but they sold out their allocation with ease - in fact there was a bit of a riot when Liam Lawrence put up the sold out signs, they had to turn away thousands, the locals were revolting. That big empty space around them is called segregation, the police kept them kettled to prevent the Coventry fans becoming jealous like us - but it didn't work, they now have their own micro-thread on the bestest. In technical terms, if you look carefully, I think they grade that fixure as a four steward job.

you might be surprised to know that those plucky few huddled together in some souless, fat-free, safety-aware, fire-resistant, flat-pack stadium, are all unique customers. None of them have ever supported pompey before, thus making the club a sleepy giant like no other. I've got a bit of paper that says it's so. The PDT will be quids-in when they pick up those keys, it's a little goldmine - the only undeveloped club ever, anywhere, probably. And my son Rotterdam Trixibelle Bootlid agrees.

I'm sure they announced that the club generates £300M a year for the city and that all the shafted creditors and the taxman should pray for their continued support. Just another blatant myth that went unchallenged on the Isle of Fatpipe. No one batted an eyelid, it was like a practical joke, a competition to see who could keep a straight face the longest. Avram Grant won. Sadly it wasn't just his gravedigger face that he kept straight. I know Micah Hall loves running the glory leg after Nutjobs have done the research so perhaps he could look into that ridiculous claim after he's asked someone sensible like Frank Zappa or Bob Geldof to rename the kids for him.

a pompey fan lecturing football on financial planning, honesty and integrity? Perhaps they'd like to have a pop at people who utilise tax-avoidance schemes too. Up next, Peter Sutcliffe explains how women deserve respect and equality in the workplace, whatever their job, while on BBC2 you can see a repeat of the Panorama special exposing how famous people abuse their positions, a hard-hitting documentary presented by Jimmy Savile. Later, John Terry uses his opportunity presenting the MOBO awards to campaign for the rights of disabled drivers, and launches an attack on unfaithful husbands.

I do hope that this incoming championship striker is as good as that Premiership midfielder they had, the one who was going to rip up League One, show those lower league peasants how the game should be played, and lead the sport into a new era. Though I guess he got his dream move to a bigger club - pompey gave him the opportunity, but you can't hold onto your great players when the European giants like Barnsley come calling with their tempting offers to pay your wages on time, not racially abuse you if you play badly, and not introduce you to more new players every week. A neutral might suggest that their recruitment policy looks a little chaotic at the moment. I know they are restricted, but they have clearly overspent on shiny tat. Along with Rocha that would be two players they have taken on who are not match fit and have just used pompey as a well paid training camp - like that summer holiday, but with less daytrips to see monkeys on rocks. It's funny how things go. The club future is in the balance, but the season has to stumble on. They've moved a stage beyond rearranging Titanic furniture - as the icy waters lap around the musicians' ankles they're now choosing which cushions go with the deckchairs.

It's become increasingly obvious that they either have friends in high places or have been VERY lucky in their previous courtroom dealings, so I really won't be surprised if the judge finds in favour of the property developers, rather than for the loan shark property developer. BUT, Chinny is no mug, and he hasn't become rich from being nice to people. He may already have planted a high offer by Al Fahim, he can produce his own independent valuations, he has Trevor's £13M figure, and he can talk about the freedom of development without a club there. He also has AA up his sleeve. For a judge to tell the Trust they can have it for £2.75M seems pretty unlikely. I can't see why a court would present a developer with a clear profit against a commercial rival. But if he does, can anyone confirm whether Chinny can step in at that point and offer (himself) £3M? If he can, the very few are more *****ed than anyone of us ever imagined. And if Chanrai is facing a massive loss surely he goes nuclear and offers Birch more than the Trust. Birch putting his name forward to the league shouldn't be a consideration, this is about selling a business, not being a member of a private club. If they refuse his ownership he could drag it through courts for ages. Especially as he doesn't want to be in their league, he would just want to buy and liquidate - getting more from that than he would from Trust ownership. He would also get to screw the now marooned property developer who has bought next door for no reason at all. Plenty more laughs whatever the outcome in court.

that wasn't booing, it was the sound of a bulldozer firing up - or perhaps the sound of the wind whistling through 11,000 empty seats.... Maybe we'll hear no more of that nonesense about the Fortress, the big club, or the great fans - as tonight's effort has buried all the myths about support and passion. This is their hour of need, yet the park remains VERY unpacked. As for the ref, he must have been totally overawed - though he was probably more annoyed at having to go into the stands and get the ball himself for each throw-in. I think they've had better nights. Seems cruel to mock. But I'll get some rest and try again tomorrow.

my understanding has always been that Chanrai just needs to outbid any Trust offer by a pound. They can keep on upping offers but he'll only withdraw when he feels they have reached a figure that he'd accept, and as Derry says, that'll be an amount way beyond their budget - if they actually have one. I'm not sure that Birch has the power to ignore his offers? He could say it's not in the best interests of creditors, but that would take some backing up in an appeal court surely? A very technical point for hardcore Nutjobs only - Wasn't one of the key FL conditions carefully worded so that they had to lose a significant amount of historic debt and not carry it into the new company? - a stipulation included purely to prevent Chanrai maintaining a hold over the business. So now that Birch must be eating into PPs needed to cover the football creditor debt, could those debts now become a takeover issue? Previously they were covered by future PPs - they are no longer covered, and Kanu's is still unresolved. I know the FL make it up as they go, but did they specifically pinpoint Portpin charges and debt, or was it a general historic debt issue they wanted resolved? It would seem unfair with that condition imposed that a new business can't carry forward Chinny debt, but it can carry forward Kitson and Kanu's unpaid wages, with no clear strategy as to how they will be paid... Ignoring the fact that it is highly unlikely that the villainous heroes of 2011-12 will ever see a penny of their agreements! Perhaps the PDT takeover budget might suddenly require another couple of million on day one - or will the football authorities gloss over that? Or have I got my extra-tint Nutjob glasses on today and need to get out more?

So the property developers chip in £2.5M and they get a chunk of real estate worth between £5M-£10M, plus the rent on it. The fans chip in a couple of million and the get a half share in the club name, a points penalty, a handful of player registrations, and they're responsible for a mountain of historic debt. Nice deal. I'm surprised they haven't been a bit more detailed with the figures, it looks like a fantastic opportunity - compared with buying Jimmy Savile's Rolls Royce. And taking the ground out of the business is never clever. When you see what the fan in the street actually gets for his grand, I think I can now see why this has never been done before....but let them keep promoting it as a fan buyout and see how many are brave enough to query the detail.

just when you start to forget why you hate them, they re-sign a player who presumably looked at the fixtures and told everyone last week see you next Tuesday. And he is. One of the great heroes who last season sucked cash out of the club like a Horton Heath personal trainer. He must have been on £20K a week and the poor ba$tard only left because he was unlucky enough to run out of contract. His performance at SMS deserved approx three red cards, but he kindly did his bit for the rest of the season in their shocking defence, trousering the cash every week, but putting in League One performances when Championship ones were required. He was a pioneer, he blazed a trail, showing the club it's future! And now the greedy little chap is back, to suck a bit more out of the corpse. No doubt he's taken a massive wagecut to the required level of £1,500 a week. Like feck he has, he'll be on £5K and bleeding the fricking corpse even drier - and he's not even fit! Tell you what Ric, you go away for a month and prove your fitness. No, I'll tell you what - let me grab a month's wages straightaway and then I'll try to get fit on your time. What a cheek. Helps relegate them, gets paid a fortune, retires to play golf because no one wants him, comes back because his wheelbarrow of cash needs refilling - and they welcome him like a fricking messiah. What an odd island. But by signing him they have become even more unlikable - were that possible. Cue myths about him playing for nothing and dining on rodents - nope, he'll be costing a few bob! But on the bright side he's doing fine work just by hopping back aboard the Bisto Express - he's spending the Trust's much-needed capital.

short on facts and figures?? Look again, you must be mistaken. I've heard that the figures do stack up and that the biggest fan takeover in history is both solvent and practical. They wouldn't be celebrating and having parties if it wasn't you Nutjob. Tears of joy were shed, critics were silenced, naysayers were mocked for their stupidity - some small bar was packed and heroic people were carried shoulder-high as the final part of the deal was completed. So how can there be no figures? You must be looking in the wrong place. Keys have nearly been handed over, the loan shark has been chased away, it's now just a simple rubber-stamping job at some court and the bestest fans will be leading world football into a new era. You must be jealous, yeah, that'll be it.

They are teetering on the brink - I'm starting to feel sorry for them. Then you hear some deluded, cross-eyed, toothless, sister-bothering inbred spouting about how the scummahs at St Fairys owe the taxman a billion quid and Markus drove a tank, and the sympathy slips away faster than an aroused Avram in a police raid. Karma takes its time, but boy when it gets going the momentum is astonishing. I've asked before and been shot down, but surely, there cannot be anyone still who honestly believes that there has been NO sort of punishment dished out?? Sure they have got away with all kinds of criminality and there should be minus 30 on the way, but see the poor sick beast now, it needs shooting. Look at that feeble thing, look at the table, and tell me that they have 'got away with it'.... The weight of historic debt could still sink this business right through League Two and into oblivion. Overpaying wages last season earned a point at St Marys, insolvent trading and stealing from charities etc earned the 4-1 cup win, and the victory over Cardiff. Put those factors together and you see why the business is on its knees and facing liquidation. They are reaping now. No fans, no future - even Bournemouth can rightly no longer regard them as serious rivals. And on the club gravestone it will say, They sold their soul for three days out.

those of a nervous disposition had better brace yourselves because the Trust needs to desperately sell shares....the spinfest has gone into overdrive! That means we're going to be treated to loads of hard sell articles from their chosen media partners. MoneyfieldsPenny launched the sales campaign with her rather inaccurate rallying cry celebrating the glorious success of the Trust - trailblazing and within touching distance of glory - er no, that'll be 0 out of 2 Penny. But you never were good with figures, ask the old man, he can tell you how many wards at QA have shut thus far thanks to tax-theft that was vocally supported by you and the political DLT-lookalike. If this sort of hype makes you want to spew, you are in for a sickly few weeks. The Property Development Trust's sales campaign seems to have two main messages. 1. Gloss over the fact that a completed deal is a LONG way off. 2. Pretend that this isn't a property developer-led takeover attempt. But they might achieve their goal... If they can fool the public into believing that this is a fans buyout, and also pretend it's the biggest and bestest ever and is a blueprint for lesser clubs everywhere. And as long as no one on Portsea has a proper look at the financial details, and Chinny falls in love with the new club, they might just be able to share a level of control until the next administration. In the meantime brace yourself for myth after myth - to save time they are now rewriting history as it happens! And I apologise now for repeating this rant in a couple of weeks when the sick bucket overflows and the misleading and blatant sales campaign dressed up as editorial, gets too much. As for the Trust inviting supporters to go into debt via loan shark style interest rates, it is ironic, distasteful - and the perfect way to marry the history of this sick business with it's predictably chaotic future.