rallyboy

through a mix of ignoring the elephant and paying greedy players' ridiculous wages that can't be matched, they've retained enough players to overcome a minus 10, and possibly a minus 15ish, which is what will happen for a second administration - if they dodge the bigger more dangerous elephant that's waiting at court. The problem with that great plan will be the financing during adminstration - who can burn a mammoth £2M+ a month on a failed business? Chanrai fell in love with the club, but not that much, so the 12th Man group will have to run a lot of jumble sales. And the price of Lampitt's house which should soon go to creditors won't knock much off the debt. Don't know if I've mentioned it before but I'm not sure that the figures stack up.

by my reckoning, as of five minutes ago they officially started trading insolvently. They have admitted there is no money for the February wages yet they continue to employ staff and go about their daily business. The failure to raise money yesterday was a big mistake, and the two players who refused to leave have banged two nails in the club coffin. Now it's a new owner with massive funding or bust. I'd suggest the latter is more likely. What an odd way to run a business.

Legally they might like to try and disown OldCo, but the FL won't have that, and the Golden Share is more important than anything the high court says. NewCo is useless without a league to play in. They would need a shedload of parachute payment to make it to the summer, and the authorities have been keeping that back to pay football debts. If pompey went pop and had been allowed to waste future staggered transfer fees and wages, there would be clubs and players up in arms. The parachutes are a guarantee of payment for football creditors. Can't see much of that being forwarded. AA controls CSI, therefore AA controls pompey, therefore any parachute payment will be controlled by AA. He could order Lampitt to pay it directly to Chanrai. AA is also cleverly distancing himself from any insolvent trading charge by listing the directors and confirming that they are still pulling the strings, even if they aren't. It might be time for Lampitt to walk away, while he still has a house to walk home to. Either way, it MUST be firesale day today, anything else while insolvent would be bonkers and criminal.

lets be realistic, they don't have the money for the wages and the tax, this month, nor for the next few months. There is no way the CVA will get paid let alone started. Their only opportunity to reduce costs and raise capital is a one day firesale tomorrow. I think they need approx £15M to get to the summer. The only person who could get that sort of amount paid in full tomorrow is Storrie who valued the squad at some mental level back in the day. I would have some sympathy if - a. they hadn't ignored the previous administration. b. they hadn't ignored the previous transfer embargo. c. they hadn't presented false documents to a court to sign players for our cup game. d. the few didn't keep peddling ridiculous myths. e. they had learned a single lesson from previous overspending. f. they weren't still cheating. g. they had been punished. h. there were less inbreds following them. i. someone with integrity had formed a new club to chase away the crooks that have raped the sport while wearing a blue shirt. j. they hadn't been serial tax evaders. k. they hadn't been owned and funded by child-maimers. l. they hadn't been owned and funded by organised crime. m. they hadn't taken the p1ss out of children's charities. n. dirty Avram hadn't made his funny little speech. o. they admitted they are neither plucky nor the bestest. and finally, I might have some sympathy if they just stop blaming the league and the taxman for their own blatantly insolvent and criminal business practices. They have been run by crooks and idiots and the fans have loved it - Wemberly, Wemberly etc - well now it's judgement day - is that 1-0 win over a bankrupt mid-table championship side still worth it?.... It's effing ridiculous, put the poor beast down, it's terminally sick and horribly diseased, show some mercy.

I hope for their sake that Plan B is more advanced than that clip would suggest. Ground? Players? Infrastructure? Funding? No, but they have some under-priviliged kids lined up as mascots... Though it was good to see their entire fanbase in one clip. sell up pompey. Firesale, everyone must go, one day left, grab a bargain.

I think they're in a bit of a corner now over the wages - 1. Pay them, instead of paying a long overdue tax bill, yet another offence. 2. Don't pay them, and the wrath of the league comes down on them. The league rules specifically mention insolvent trading, that's covered by law and the football regulations - how long can this farce be allowed to continue? And that's glossing over the fact that they're been funded by money stolen from pensioners this season. Meanwhile the begging bowls are out for the millionaires - pack the park and buy Ben Haim some shiny bit of tat for one of his mansions. The dirty club is beyond help - form a new one.

as they are trading insolvently I find it difficult to recognise any points they are currently 'winning'. And I know that the league perhaps want to see what happens before they impose sanctions, but pompey have clearly triggered a points penalty with the current 'insolvency incident' and missed tax payments, no other clubs have been spared on these occasions so why the delay? They've already qualified for a minus 10 which won't worry them at all as they have the highest paid XI in the division and should be in the top six - is the league waiting to up that for a second administration in three years? If nothing happens then football is more bent than Quasimodo at a Twister party - a theory supported by the evidence about Harry's thieving pooch.

a normal business could use the last week or two before court to negotiate with the taxman over selling assets. But the transfer window rules mean that Lampitt needs to be having that last resort strategy conversation NOW, like in the next two days - I'm not sure that's dawned on him yet. If they insist on grimly hanging onto their ridiculous squad so they can cheat other more stable clubs like the Peterboroughs of this world out of three points, they are reducing their options, raising the stakes, and jogging further up the liquidation cul-de-sac. It always has to be gamble the lot with pompey, they can't resist a punt. The only guarantee with all addicted gamblers is....one day their luck will run out and the whole lot will come crashing down....

less of this celebrating, let's get to some facts. AA told us he had some people negotiating last week, I'm sure he said he had a couple of groups - at least one was completing two weeks ago. Where are they? And where is AA? Has he gone on holiday? Has Lampitt been abducted? His silence is deafening. Appleton, despite having a face like a Horton Heath prossie's arse is the only sensible one down there. He inherited a ridiculous playing squad and has been the only one who seems to realise that the ship is holed beneath the waterline. He's also the only one at the club on a sensible wage. But it was a madhouse when he took the job, so it's his own fault. A bit like Nugent. In a stadium of 20K there will be some nutters. If you run up to nutters all aggresive inviting them to give you abuse, don't act all hurt when they give you that abuse. He made it quite clear on several occasions during the game that he would take anyone on, and he didn't give a sh!t. Now he's moaning. If you don't want to get into dialogue with loonies, don't run up and introduce yourself you tweeting t0sser.

I'm just going out and we are one Redknapp courtroom clanger away from three pages of frantic activity so I'm going to miss the great moment... Happy 1000th page to all nutjobs and bed-wetters everywhere. x

half of the great comedy on this thread has been supplied by delusion from the east so I say keep it as it is. Who can read some of Ho's classic and keep a straight face? I'm sure he's not for real, he's just toying with us - that U-turn on the land value was a trolling mistake - one minute it's £3M/£4M, next minute it's a Tesco new town coming in at £20M. Either way we should accept other fans as long as they behave, which they seem to do, once they've been identified. Anyway, I want to hear more about Jo Cala opening the world's first underwater petting and detention centre for dogs convicted of fraud, or the great ITK stuff from the son of the kitman - classic! Every day another Portsea pub myth. I thought the golden era was coming to an end when Avram shuffled back to his club-financed car and driver with his tracksuit trousers around his ankles and little Avram pointing the way like a tiny flagless linesman signalling offside, but no, the hilarity continues. And just as a minor point, if my club had used my season ticket money to pay for whores, rather than applauding the prossie-bothering serial relegation-monger, I think I might have asked what the feck was going on. Nasty league, naughty owners - poor old bestest plucky few, innocent victims, every one of them. One Peter Storrie, one Peter Storrie, ad lib and fade....

A lot of defensive body language around that table, no one showing leadership qualities, apart from the guy demanding to know who has stolen Sooty. In London it sounds like his accountant and the dog have run this scam together, I hope they both get long sentences as a result, and pay poor old Harry some compensation for dragging him through court. In cash. Hang on, let's just hear that Oxford bit again - did we have an instance there of a club manager holding a significant financial stake in another club? Mmmm. And Ho is so obviously like his club, on a wind-up. £20M from Tesco? Yeah Is that from the kitman's son's dog that he walks socially every few weeks?

My understanding is this - North One agreed to buy the rights to WRC 2012 (at a crazy price, outbidding others - familiar?) As with pompey they lost their funding and defaulted on payment, also they couldn't deliver the contractual TV coverage required by the sport. The sport retained the rights as they hadn't been paid, making CSI's only other asset worthless. Well done rallying, I'm proud of you! Local MP sells soul to win votes in grubby and clumsy PR campaign shock - so Penny old girl, which votes are worth more to you, the football ones, or the local people whose relatives have to die at home because tax-related cuts have closed the vital ward at QA? Your choice! - I guess the vote of football fans has more longevity than the vote of the terminally ill. Nice work. Perhaps you'd like to go and tip a few kids out of wheelchairs while you're at it, they're below voting age - go on, get on the pitch, take their giant cheque off them, use it to clean your moat or treat yourself to a duckhouse. Local MP supports tax evasion and charity-shafting company - even Han**** has been shrewd enough to keep quiet this time, and he has very little self control.

given the choice between informing his own staff, The Football League, AA, Lampitt, or even the media I would imagine that Chanrai will have gone out of his way to make sure the kitman's children are first to know of any major developments. I realise that this is the kitman who was earning more than our manager at one point but I'm pleased that he's still in the loop with all matters financial. Perhaps the kitman's son might like to advise his good friend Chanrai that next month he could head off a massive amount of bad publicity by paying it three weeks earlier. And by his job title I guess he's basically responsible for making sure the club 'washing machines' have been able to cope with anything that has passed through them in the last decade. Busy man, no wonder he was so well paid - and such a close friend of Chanrai. Any other pressing matters he can advise on?

how is the supporters' trust getting on with that sponsored walk and jumble sale fundraiser? Have they reached the £40M mark yet? .....Just accept it's over and form a proper club. And congrats should be in order to new Ho, more polite and less abusive by far. Still a little bit on the deluded side but hey ho. And what ever happened to Hot Wheels? They were great.

Lampitt is worried, Appleton is resigned to no new players, AA has said the situation is very serious, the few are planning a new club yet Ho is quite happy that there is no problem. Say no more. The lone voice of reason in a sea of madness....must be a lonely place to be. And mind the herd of elephants on your way out, yes, about 15 of them, over there by the door... Sad to hear that little Rosie is no longer around to enjoy her wealth, I don't know how long it is since the little cutie 'passed over' but I'm guessing that she might be down to the bare bones by now.

Man's best friend?? That pesky pooch has some questions to answer! Opening offshore bank accounts behind Harry's back, signing mediocre overpaid players in bulk purely to raise personal cash that she blew on liver and rabbit in a tin? And the scabby thing is strutting as bold as brass along the beach in Sandbanks while Harry has to pick up the sh!t? And why did Storrie let Rosie do all that? Even Pete must have realised that a dog doesn't understand the intricacies of cashflow and contracts, no wonder they overspent. With Rosie and Storrie there was one poodle too many sat on Harry's lap asking for their tummy to be tickled. Paw old Harry, he can't be the first bloke whose ended up in court because he has a greedy ***** in his life. Now he's been collared he's facing ruff justice, I presume the taxman followed leads.... ruff, ruff. I'm not here all week, it just seems like it sometimes!

how funny would it be if the prosecution introduces their first witness and he looks familiar - having just been extradited from the witness protection programme in the people's republic of Hayling? And for people asking why this subject is on here, the thread has evolved and this is the place for everything dirty about pompey. I would even suggest that the takeovers and tax evasion are to quote a phrase we might hear soon from the league, inextricably linked... Could Arry's defence be that he didn't know that the tax had been avoided - leaving Mandaric as the man who paid it to take the rap...either way, I can't see how the club could not be penalised if either is found guilty.

Honey I Maimed the Kids. Four Administrations and a Liquidation. In other news, I can now see the way forward for the few.... option A Continue to defend and finance the crooks that have been raping the club and the community in the name of PFC for the best part of a decade. option B Accept that the club is a dirty and tainted animal that needs shooting and launch a new honest community club. Take 3K fans to non-league grounds, sign players on sensible contracts who want to play for the shirt, win some, lose some, give a few little teams a hammering, and have a great time watching proper football as you make your way up the league pyramid. Surely it has to be the latter? The current club is finished, it has to be - even if AA physically drags it into March the pompey brand is sport's answer to an audience with Barrymore and Glitter. I don't recognise the last cup win, I don't even accept their current league position now as it's been obtained through breaking FL rules, someone has to get some tongs and a rusty needle - just lance this festering wart on the genitals of the game. I would welcome proper local rivals who want to play on a level playing field. Big respect to anyone with the drive to launch a new clean club. So bring on PFC2012.

it never rains but it pours....Solent reporting that Portsmouth Dockyard is facing closure. Though they've glossed over the fact that the football club is on the brink. How ironic is that - the club hits the buffers just when the land they need to build the Harbourdome incorporating undersea casino, cathedral, petting aquarium and Saab dealership is up for grabs. Unlucky.

the shrewdest guys are Appleton for not believing the hype and Akers for abandoning ship before he loses his house. They have escaped from tight corners before so nothing would surprise me, but this looks worse than it has ever been. And they still worry about a game at Cardiff that was completely irrelevant to their future. WAKEY WAKEY! - the elephant in the room just had triplets, and they'll all pregnant.

I reckon AA has shown the books to a madman and that madman is now telling everyone what he's seen. The lid is off and there are worms everywhere. It even frightened the nutter into thinking that undersea casinos are a better investment than pompey. Putting aside the insolvent signing of a convicted thug, unlike Fratton, this new tax story is a massive development, the immorality just goes on and on. From a pompey fan point of view, just when you thought one of your old mates couldn't sink any lower after fiddling with kids, it's like he's just been arrested for ****ing a spaniel in a busy shopping centre. It is a dirty and diseased club, someone please put them out of their misery. It has to stop.

insolvent. Next case. And intentionally so, turning down money, directing the loan from Chanrai not to pay tax but to players, once again the priorities are all wrong. They knew that if they missed wages the league would bang in the penalty, they hoped to hush up the missed tax. Tis nearly over.

you bedwetting nutjobs have been busy while I've been out all day. Took ages to catch up - but worth it, some funny stuff there! we don't have to waste any more time with individuals that want to generate column inches muttered Adronikou as he signed autographs, posed for photos with toothless simpletons and launched his new leisurewear range. Plenty more laughs to come methinks.

more bad news, after a recount it seems The News has decided the bestest weren't quite as bestest as they thought they were prior to the mass abandoning of the sunken ship.... It was a moment witnessed by an estimated 80,000 Pompey fans crammed onto Southsea Common. Where have the other mythical 170,000 gone? Presumably to the same place as the £35M playing squad and the £130M debt. Funny how none of the figures stack up these days.