rallyboy

this hilariously drawn-out tale of delusion and stupidity is starting to have a dark feeling to it, a sort of climatic, last chopper out of the last chance saloon, terminal edge about it... If they are approaching the end of this five year train crash, who is most to blame? Storrie and Redknapp for living a crazy dream? Mandaric for overspending to get out of the championship and setting the benchmark? Football itself for being unrealistic and encouraging debt? Mandaric for selling to unsuitable owners? The arms dealer for pretending he didn't own the club so he could clean money? The deluded fans for ignoring the alarm bells and behaving like mentally-scarred abuse victims by welcoming any dubious stranger who showed them affection? AA for lining up unsuitable owners? AA for lining up owners that didn't exist? Chanrai for taking advantage of an injured business in need of loans? Three times. The Russians for turning out to be linked to criminal activity when all we knew about them prior to them buying was that they were linked to criminal activity? The football authorities for allowing dodgy owners in? Lampitt for continuing to overspend money he knew they would never have? They all have their part to play and despite the blatant mistakes made by Lampitt, AA, Chanrai and some minor characters I would imagine the business was terminally damaged around the time that Mandaric sold. No clean owners could be found at that point and massive amounts of arms cash was needed to stabilise the club. When it became apparent that the house built on sand was actually a rickety shed built on a bloody heap of children's amputated limbs there was no way back. The last two or three years have been mainly about trying to sell a wheezy tortoise with a gammy leg as a racehorse, so if we were looking at who was responsible for this farce I would suggest that perhaps Mandaric, Storrie and Redknapp started the ball rolling, and it hasn't stopped yet. That trio might be in court for tax offences related to the club but IMO they should be in court for damage to the club, it started on their watch. In may be over soon, it may not, but in all fairness the club won't be lost this year because of the appalling decisions by Lampitt and AA, it was fatally damaged several years back, but no one would admit it. And please don't tell me that all was well until the child-maimer's money was suddenly frozen, the train was clearly de-railed before that. If you get in bed with arms dealers or sharks, don't moan when you get bitten or shot. The last couple of years has seen a variety of fire-fighting methods to try and save the business, but idiotic ones at every turn - quality over quantity caused massive damage, and when a lunatic like Cala points out the wages problem you know it was a stupid plan. Cala could be the final nail in the coffin, he's clearly a potless fantasist and as he appears to be mentally ill I would feel uncomfortable laughing at him. Briefly.

I'm surprised at Cala's claim of eight players' earnings amounting to £1.1 a month. If true that's crazier than any of us thought. I guess with the NI etc and win bonuses it could be possible. It would also mean that Lampitt has been spending money on wages at a ridiculous rate as half of those would have been agreed under his watch, the 'legacy issues' claim has run out of time, it's the current management who are responsible. I've often wondered how they've been allowed to outbid other teams while trading insolvently or actually in administration. Call me Mr Picky as that's a minor crime by their standards, but it must annoy other clubs. but we didn't cheat bleat the few... Being unable to service debts when they are due = insolvency. Paying money you don't have to gain a sporting advantage = cheating. I would chuckle if Ipswich take two of their youngsters in return for one overpaid old bloke.

yeah, Madonna mentioned you two had been bothering her.... while some of us have been out working I see the resident comedians have been messing with another webchat....asking those awkward questions in the style of deluded simpletons. You realise they only do the webchats for us now? There's none of the few on there, the extra thumbs make it difficult to type. That and the leaving school at six to pursue a career in the fairground/heather distribution trades. Loved the sharp Corrie/train crash link - the best comedy on here is generated when AA is at the peak of his powers, the bloke's an inspiration. And if he introduces Cala later this week as their saviour I'll have to either pay a fiver or write a screenplay, we'll have way too much material not to publish something on undersea casinos and preachers in their Ferraris. Unlike Heather Mills, this recently labelleddead in the water thread has plenty of legs.

though I still suspect there must be better than Cala waiting in the wings, from Chanrai's point of view, what more damage could the bloke do to his little project? AA will make him sign his life away, Chanrai will retain control and Marine Boy can mess about for a few months buying time to the all important parachute payment. Bring it on, I want to see this underwater Ferrari of his firing up.

yes Andrew,you made the Liebherr deal happen, through a third party!.... The Truth Option One. Mark Fry comes down to breakfast one morning and finds the mysterious Mr Cortese sat in his lounge, with a white cat on his lap and a briefcase full of cash. Option Two. Some random bloke hears Cortese loudly announcing his friend's business intentions in a pub. He then tells his mate AA, who then tells Mark Fry that there is a bloke interested. That's a difficult one, what seems more likely?.... And for those who are trying to keep up with the rallying bit, AA has indeed converted the North One '£30M asset' into a company owed £3M by CSI. So instead of selling their image rights to finance pompey, he actually needs to sell pompey to pay off North One. AA has also dumped another company in it by refusing to negotiate on timing equipment. Boss of NO explained how in future businesses should check this thread before making rash decisions - "We spent fortunes on due diligence while we were going through the sales process, so did the FIA. The Premier League and the Football League did the same because Portsmouth [Football Club] was involved; every single one of those came up independently clean. We were all taken for a ride, which is very disappointing. Adding, had I looked on Saints Web I would've heard alarm bells within ten minutes as those bed-wetting smug bastards always seem to know best - or maybe they just have a search engine.

why do they need to replace a bloke who isn't playing? It must be a simple move to save wages, offload an injured pensioner and use his wages to pay off creditors. Well done Lampitt, you are now running it a little bit like a business.

it looks a bit like puppetboy Andrew is just escorting the club back under the control of the loan shark. Chinny dreams of parachute payments on the distant horizon and his little eyes twinkle like Avram's brake lights in Derby Road. He must see a payoff somewhere down the line, it just seems that he'll have to pay out loads to get there. If he can get mad Joe to conjure up some funding for a month or two it's a bonus, and let's face it, Cala does look stupid enough to sign anything and take on the CVA for no apparent reason. But there must be another consortium, AA must have something up his sleeve. I note that Cala has opened his first undersea casino off Italy this weekend but I still don't think it'll take off as a an idea.

it will be a blow when Herman leaves. I've always thought the quality over quantity plan with half of your top earners never getting on the pitch is one of the schemes that has put them in with a good chance of getting out of the championship this season. Respect to Lampitt. Be interesting to see what sort of wages are offered for any new 'stars'. It must also be time to send Ben Haim back to train with the.....oh hang on, they don't have reserves, perhaps just make him run up and down the.....oh....there isn't a training ground..... Maybe just get him to walk up and down the Eastern Road with a wheelbarrow full of dirty cash and a cheeky grin, he'll be happy doing that. Must have been confusing for him yesterday as no one seemed to know which of the two clubs had his registration last year, turned out to be a simple banking error.

if Howe has some backing, why has AA ignored him? Could it be that Chanrai is the only game in town and his little puppet won't let anything else get in the way? It's also fair to assume that Wolanin didn't get rich by investing in lost causes so that could be a stumbling block to a proper deal, and I say proper as Cala is so obviously a clown that even AA won't unleash him on the remains of the club. In the meantime I guess we have to say, play up pompey! Ouch, that hurt, but it had to be done. To hope that West Ham beat pompey would be the definition of madness itself so don't ven consider it.....

The only reason I can see for the share issue idea would be as a clumsy way of trying to avoid the FaPPT. Club floats, dirty money from all over the world floods in on the back of promises to clean it, gangsters lose their money in some crazy undersea resort. Cala ends up floating face down. The End. Some seem to think this ridiculous guy is assisting the process by pushing the negotiations with a real consortium. Yes, I recall how well the involvement of a 2nd group helped the Liebherr bid............... Joke Cala is just delaying, confusing, and complicating any real deal - but he is very entertaining! Meanwhile AA is currently dealing with serious legal issues between North One and the rally timing company, handling the fallout with the FIA, selling off all of those quality companies in the CSI stable and if he has time I guess he'll be looking at the pompey situation too, mainly the repayment of the £10.8M. Him and his mate certainly haven't got time to spend all day sorting out pompey, and if AA is as sharp as we think, he won't let his colleagues near the books he conjured up last time and will have to handle that side of the CSI job personally. There might not be enough hours in the day to charge for all of that. And let's take it easy on Rory, he could do without too much flak at the other end of the M27, the best undercover agents don't advertise.

45 bloody minutes! That's how long it's just taken me to catch up on today's postings, and people ask me why I don't register and post more. I think I waste enough of my life on here without getting obsessed! Anyway, the real bombshell I spotted is that Cala isn't a tyre-kicking waste of space filling time while AA tries to conjure up a real owner, he's the man who discovered Lionel Messi.... According to him. After all this time we may have discovered the real star of all these takeovers, Joe is obviously as mad as a box of frogs. Give him a microphone, I want to hear more of his plans...

$1 trillion global market demands would be an impressive statement if it didn't come from a company with $14K in the bank and massive debts. The guy is obviously clueless, and funny as it's been today, and it has been funny, there must be a more sensible option up AA's sleeve. And if there isn't then this comic masterpiece has found a new peak. I'm out and about tomorrow so on my return I look forward to another rush of pages as the bloke with an unpopular coffee shop lays out his plans for the future. It's Storrie's fault, there's nothing like a Harbourdome built on someone's else's land and the sea to attract a nutter with similar ideas. It''ll be gold from sea water next, or perhaps a nugget of the purest Green.... Say one thing for AA, he makes Ken Dodd look lightweight when it comes to offering value for money in comedy.

you bunch of cruel ba$tards! I do hope you won't hijack a perfectly good newspaper website chatroom just for cheap laughs. Is it really that funny to post deluded comments and pretend you have extra thumbs and no grasp of reality?....please don't start talking about big money signings or how Man Utd have debt and they are allowed to continue. As was pointed out a few weeks back you are a gang of bed-wetting 'so-called experts' trying to tell us that pompey have problems when it's quite clear that they have new and impressive owners about to steer them back to glory. I just hope you'll all be able to admit you got it wrong when they step out for their first game at the Maradona Harbourdome incorporating HMS Cala, the undersea holiday resort that includes a casino complex, money-laundering boutique hotel, the only underwater Saab dealership in the world, a Horton Heath Massage Parlour and the league's first fishery-petting centre. On that day you will look a right gang of muppets! They're toast squealed the girls, well who looks silly now! I can see that director's box already, just in front of the Storrie Hospitality Suite, there will be Chinny, the child-maimer, some bloke pretending to be a Sheik, an ice cream seller in a child's replica kit, Vlad fresh from his legal appeal and Lampitt, all waving to the 70,000 people who didn't get locked out for the first Champion's League game at the new ground. Like the wise man said, there is nothing to laugh at here, just close the thread.

Mr Andronikou said he hoped money from the potential sale of NOS would be pumped into Pompey’s running costs. Peter Kubik, joint-administrator of CSI, said NOS’ collapse will ‘not have a negative effect on Pompey’. 1. NOS owe a million pounds to the timing company. 2. The only NOS asset may be the archive and website. 3. Any proceeds from that company are nothing to do with pompey. And Mr Cala looks like he fits the bill - Previously known as Magnolia Foods, Inc., Cala Corporation is a company in its development stage. Headquartered in Houston, Texas, its main alleged focus is on the creation and implementation of undersea resort projects. So far CCAA has failed to file its 10-Q report for the third quarter ending Sep. 30, 2010. Neither has it submitted any reports for Q1 and Q2. It managed, however, to submit the 10-Q report for Q2 of 2009 on Dec. 17, 2010.(!) Therefore, the most 'recent' financial data stretch back to June, 2009. For a company pretending to deal with projects worth billions, such negligence could guarantee anything else but success. Being secretive about what should be revealed in public is a strategy doomed to failure. This rule of thumb refers to any company, regardless of its scale. CCAA must keep that in mind in case its management should want to earn the respect of market players.

I did see the paper and the headline in that is the slightly more damning 'portsmouth yet to honour vow to repay their debts to charities'. Ouch. Hindsight is a great thing but I do like the rather hollow sounding pre-match battle cry - "We are like a wounded animal," said Westwood. "When we have our backs to the wall, it makes us stronger. All the pressure is on Chelsea. We can't lose and there could be an upset''. Maybe John, though in reality your brave and plucky boys got wiped off the pitch bigtime by a half-hearted, misfiring bunch of overpaid lowlife - in front of the bestest half-allocation of away supporters since mighty Wigan hit town.

It's very simple. All CSI businesses were entirely reliant on CSI funding and were not making money. (there may be obvious reasons for why that was acceptable to the owners...) When the CSI cash injections abruptly stopped, every subsidiary became insolvent the same day. Only two of those businesses were of any consequence. North One has closed. pompey* struggle on. CSI did have a portfolio of businesses, but they all relied on CSI funding for day-to-day running so there is the link and a points penalty is clearly due. AA has to find loans or investment to pay wages and transfer fees this month or they will be exposed as blatantly insolvent. Again. *You have to earn respect, I don't think the club deserves a capital letter, I'll reinstate it when they pay their debts.

the plucky little undeveloped sleepy giant did manage three shots on target. So that was good. Cue cliched stories of brave pompey going head to head with one of the biggest clubs in the world, giving them a scare but being unlucky as superior quality showed through in the end. Now it's back to the league programme with extra confidence and new owners ready to hit the launch button for a new era of south coast dominance... OR pompey's last chance to stave off financial armageddon went pear-shaped as a bunch of cockneys tore them a new one.

North One paid for the rights for 2011 with CSI money. This year like pompey they lost their funding and had to seek Qatar money, but couldn't agree terms. Details are sketchy but the FIA had no choice if neither the 2012 coverage agreed nor the money appeared, so North One breached contract. Perhaps AA could have spent his time trying to save North One? Or perhaps his lingering presence in the background worried Qatar investors and killed the deal? After all they were being offered the chance to invest in a company under his control. It's similar to pompey, North One were playing in the last chance saloon by seeking funding from afar. But while North One have realised the game is up now the Lithuanian pension money is gone and are closing due to insolvency, pompey continue to promise new funding is around the corner and plod on regardless.

breaking administration news - and it's interesting, but you'll have to concentrate! My understanding is that North One the CSI company that owns the WRC image rights has this evening lost them. This may be because of a default on payment by CSI to the FIA, or failure to supply the coverage agreed. The significance of this is that this afternoon AA was trying to sell that great CSI asset, tonight it is worthless. Watch this space, developing all the time, but all noises from rallying are that North One are disbanding their rally operation having failed to gain funding from Qatar, and Eurosport are filming the Monte. What does this mean for pompey? The CSI portfolio has just taken a massive hit - their only remaining asset is a football club.

Ho asked what club you could get for the same money. Blackburn Rovers. Premier league winning club with own ground went for £20M plus £20M of debt to address, and they still can't make the figures stack up with massive TV income, so they'll take an offer. That puts into context where investors are with pompey. Ouch said the Ho.... That free tickets thing is getting better, we were giving away 13,000 every game last time I heard Portsea pub myth no.74, and we didn't own the ground, the council were going to evict us for non-payment etc. I'm sure there are people posting crap on here about pompey , the difference being, if I said pompey are giving away 8,000 tickets a game or that Lampitt's grandfather ran a deathcamp I would be asked for a bottle of sauce. Over there it seems that any old myth dreamt up in a Paulsgrove bedroom is taken as gospel truth. I had a bloke assuring me a year ago that Cortese had already sold the club and had shafted everyone, we were heading back into administration and Lambert had agreed terms with pompey. Haven't bothered to speak with him since as his knowledge of football is obviously zero. Over to the deluded and simple east he'd been seen as ITK and carried aloft for his great insight - if there were enough left to carry him.

The 10-week project has been jointly-organised by Affinion International, which specialises in preventing ID fraud, and the Pompey Study Centre. Do your own punchlines. I still chuckle at this idea of some well-meaning fan group or ego-driven simpleton buying the club for £1 and thinking it's a bargain. Wakey wakey, that pound makes you responsible for millions of pounds of debt - and when you read the small print you'll find that Chanrai still has control of all assets and future income. It's not so much an administration that AA is operating, it's a financial mantrap - he's just waiting for a greater fool to wander in and lose a leg.

pompey given green light to resign the loan geezer from West Brom... If I were cynical I might remind our regular readers of the occasion when one January a terminally-insolvent club presented a blatantly false set of accounts to con the authorities into lifting a season-crippling transfer embargo....next thing they were off to Wembley and blowing the dirty cash on prossie parties behind a skip in Horton Heath. Could it be that AA's promise of the immediate arrival of new owners with massive investment could be enough to lull the comatose league into generously allowing the points penalty and transfer situation to just fade away? Fair play to AA, he has politely bent the authorities over everytime, and they've even thanked him as he zips himself back up. Funniest bit of all is it isn't even his problem this time, he's just messing about with pompey and annoying the league for his own entertainment! FC, you are pretty much there I think - 1. CSI in Admin - assets include PFC + WRC anything else? Not of any consequence. 2. CSI being placed in admin protected CSI assets from being seized by Lithianian Government if they go after Valds assets? To some extent, I'm sure there are complex legal processes that can be pursued. 3. CSI holding company for PFC but have yet to pay Chanrai for his shares? Nowt or little paid, hence the action, once again he isn't an owner, he's a reluctant landlord evicting a non-payer. 4. Pompey owe CSI 10.8 mil in loans - AA if acting in the best interests of CSI creditors (Chinney) should be looking to get this back? Priority for any normal adminsitrator. 5. Pompey were in effect running at a loss with out this CSI cash, some of it used on transfers some on wages - lets suggest PFC running about 4mil per annum short without CSI cash at least 6. Pompey new club liabilities include: 17 mil CVA payments, £X mil to gaydamark? £X mil to Chinney?, £xMill to other clubs for transfers (that we know of) Complicated! The arms dealer retained the land so he has full control of any development, he was also included in the CVA I think...Chanrai loaned approx £17M which would amount to near £24M when repaid, he has however had his sticky fingers in the pot, and looks like he is chucking some more in now, so god knows what he'll claim, but I'm sure the neutral administrator will support his claim! The £10.8M CSI debt might be negotiated down for immediate payment, but it exists. I'm sure there are transfers for loyal superstars long gone that are still due. 7. Chinney still owns ground, or is that part of the 17 mil he is owed - eg would new owner own ground if chinney gets his money back/club sold? He's so shrewd he won't let that go until he's paid in full, it's his ace, and if someone wants to develop and has done a deal with the child-maimer then Chanrai can hop aboard the development bus for further profits. 8. Gaydamrk still owns some land around the ground. yep, lots, he can veto any development. 9. No one is sure how CSI funded its assets - could have been 'borrowed' from Snoros savers etc most likely 10. PFC still owe all sub £2500 creditors or is this chinney - open to debate shouldn't be open to debate, it's all there in the deals that AA arranged so someone is responsible, they are just pretending it's complex - and for such a pitiful amount and the poor PR generated it's one of the most bonkers bits of the whole club. 11. Points deduction possibly - depends on whether FL believe financial link between CSI and PFC Clear breach of regs already proven - League bottles it when pressed by slick administrator shock.

Ho is way out, for a change! There's no way the WRC rights are worth that now Gemmel - maybe £5M tops? The price previously paid was well over the top and was using stolen money so it didn't matter to Vlad how much he coughed up for a sport he loves, if in fact he paid the lot.... WRC isn't a significant CSI asset, and the value drops with every day that passes. It's a buyer's market and the sport needs tv coverage to contractually satisfy the teams, they may even end up having to give the rights away this year just to meet their obligations. That is more common than you would think, a niche sport employs a production company to produce series coverage, that show is packaged and given to broadcasters for free, It's financed by sponsorship - do you notice all those boring features about engines, tyres, golf clubs or whatever? Those lingering shots on ad banners?....sorry if I've broken that illusion too harshly to some. North One are the CSI-owned company that is contracted to provide WRC radio and tv coverage, they are very quiet at the moment, last season the coverage had further support from Abu Dhabi, this year that sponsorship has gone as well. There's no indication in rallying that a new deal has been done and the first event is 12 days away. Failure to secure a tv deal could be a clear breach of contract and withdrawal of the rights from CSI. So that 'asset' without a deal is currently worthless. A bit like owning a football club without the golden share. And on Chinny, let's not forget that his loan of £17M was due back as approx £24M - even if some has been cleared, his interest stacks up all the time. Didn't he help himself to £4M at some point? Though if he didn't declare it, the debt is still due!

interesting from a legal point of view to see from his Facebook comment that Vlad obviously believes that he's still working for pompey. Just a pity that this thread only has ten more days to run. Nothing to see here, new owners just about to complete on the 'debt-free club that has no baggage'. AA must be pretty confident to come out and announce that timescale, thankfully he also tells us that the wages should be okay and that there will be no points penalty. He really is on top of everything, I'm sure the authorities appreciate his assistance. Though if I were cycnical I might just wonder if he can deliver on any of those bold assurances....

we have to remind ourselves that AA's job is to get the best deal for CSI creditors, he seems to be spending most of his time on one aspect of their lucrative global empire so he obviously thinks fratton is a little goldmine. To me he didn't sound that charismatic nor confident on Radio Solent, at a time when you need a Winston Churchill speech you get a John Major. Do we think they might have historic transfer fees due this month as well? I recall the detail of their proposed CVA indicated fees due for a year or two, in and out, January being one of the deadlines. But basically AA needs to convince someone to pay up the wages to look at the books or as a deposit within the next two weeks. I can't see new players being offered deals while that is ongoing. If there are past transfer fees due as well they need to complete asap bigtime. Or is Chanrai just whacking more loan/debt in there at astonishing rates? And of course AA'a legal priority should be getting the £10.8M back out of pompey to pay CSI creditors.