rallyboy

Yes I thought that when we swept them aside the other week, it was really humbling. Maybe you should beware of the ones they call Brighton, they're coming your way with their new stadium and their solvent trading, in fact they might swap places with you at this rate. If we look along the whole south coast between Plymouth and Brighton, there's only one club being left behind.

can't be that much of a problem, Chanrai was a couple of days from passing the FaPP test a few months back, a formality AA said. So must be true. What became of the additional paperwork the FL requested to approve the CVA? Has it gone the same way as the European appeal? Perhaps even AA has had enough of his puppet master. Tell you what Andy, you dance when I say and bring me the club on a plate.....actually, not sure I want it anymore, looks a bit pricey....

AA's cva plans for the wages are hilarious! It looks like between AA, Chanrai and the money launderer they may well have cooked up a 'special' relationship. Arms dealer supports the cva knowing it is irrelevant to him, that shafts the taxman and a few others, he then produces his secured creditor status stay out of jail free card. Between them they've seen off a lot of the debt, a benefit to them all, but it leaves AA with a club that suddenly owes £25M-30M more than it did. Meanwhile the child-maimer still controls the land, Chanrai owns the players, they both have security on anything that isn't nailed down so they will always get something back. If the landmine-peddler proves secured status the business is unviable in the extreme. A new owner would need to find approx £25M for daddy £15M for Chanrai £10m for balance of cva £3M for AA £24M a year overheads? £50 for someone to burn the accounts dept down to avoid further charges £100 a week for dirty sex behind a skip on an industrial estate The parachute payments will clear the football creditors. Income? Not a lot. The cost of running a post-admin, debt-dodging Championship club in need of a new ground and training facility - approx £100M over the next two years? Only after you have paid for the honour of owning said 'business'. Bet they're glad they cleared all that debt and have a fresh start.

I can see how the delay Could leave them facing a penalty next season but surely they have escaped this season? (tax evasion aside) Remaining in administation is probably different to going into it after the cut off - isn't it August they need to worry about....? Not sure how the FL can be happy with what looks like an immediate change of plan. Wasn't it meant to be - exit admin with cva asap as the new owner was waiting in the wings clutching his cheque book, 9 month delay, liquidation of old company. I'm sure they didn't mislead the court and FL, maybe they both misunderstood AA's claims of a new owner? Is it the £3M initial payment to exit admin they can't afford?? AA's invoice will match that by March - it will cost a new owner £6M just to sign the contract, and their four top earners will have cost the club another £3M by then as well. As Gwen Guthrie sang, there ain't nothing going on but the overheads. Expensive business, in every way - can't see the dim creditors waiting that long for their first 3p.

from AA's latest report my understanding is that the cva only commences when they exit admin, and that will only happen when an owner buys the club. So I think they are a long way off having to pay a penny. I'm sure there are experts who can correct me - and AA!

They really should consider getting a new owner! Living in the Nomansland of semi-administration with a creditor who is convinced that he is the owner isn't a healthy place to be. They can't start the cva, they can't get FL approval, they can't meet the overheads, tis a slippery slope to Bankruptshire. It doesn't matter how many goals you bang past the worst ten players in the division, AA should be out there earning his money and selling the club, even if he doesn't care about the creditors. How long before creditors start complaining about lack of activity? My money is on the taxman to take action first, if his bottom has recovered from the last court trip.

how about Saints 1970 v Arsenal 2010? I think Wenger might have something to say afterwards, if it went the distance! I fancy us for a knockout or too many red cards by half time, or for them to get trench foot in the ruts. It's a different sport now, the state of the pitches back then, and tackling has changed even in two years, if you block the ball cleanly and fairly with the sole of the boot now you are asking for trouble. Grumpy old men thread!

I've always felt guilty about going to the Antarctic, there we were, high up in the league and going well, Jan 04. When we got back to mainland Argentina ten days later I logged on in the one internet cafe and discovered we had lost at home to Newcastle (3-0?), the whole thing fell apart from that week and here we are fifty odd league places lower than we were then, all because I went to the Antarctic. Then again it was my wife's fault we lost at Fratton because she switched the car radio on in Wiltshire. Makes sense to me. And the thieving baggage handlers had three Boca juniors shirts out of my luggage.

yeah, fair play to Mack. Interesting to see in the paper today that Liverpool could face administration over £282M bank debts but they wouldn't suffer a points penalty because it's their parent company, a company that only has one asset, the club, and the club is trading solvently - apparently! Are we to see the red and blue of Hampshire united in attacking a league that makes up it's rules as it goes along and looks after the big clubs? If they do go into administration and no points penalty is levied it will be scandalous. Then again the americans should get an award for managing to drive a huge and previously successful business into the ground in such a short space of time, makes Storrie look sharp.

just seen the highlights - very dodgy red card, stupid penalty, comedy defending, nice finish from Kitson, a deflected free kick, Nugent needed two attempts to hit a cow's arse - not sure that Pompey have turned a corner, but it certainly looks like Leicester have - spineless and unlucky, not a good combination. Cotterill's plucky crew are now the second worst team in the division - fire up the open-topped bus and pop the champagne!

few notes from a quick read through - better people than me can analyse in detail later! page 23 - nine and a half million owed to agents?? I note the story of Chanrai having paid off the creditors owed £2.5K and less and the charities has turned into, 'he will if the sale goes through'. Kept them off the vote though. And to clarify, the cva hasn't started as it relies on a new owner coming in, it's nine months from there that they go for liquidation, those dim creditors are still waiting for their first 3p. They are still deep in administration. squad of 30 listed 27 owned, 3 in on loan, 4 out on loan. There's some lengthy expensive looking contracts on there. Has he tried to hide the £2.4M accrued bonuses away from the salaries for potential buyers trying to see overheads?! reading this is very boring, someone else can take over, which funnily enough is what Chanrai said when he let his right to buy agreement expire!

The man from the FA at the helm, Spurs and Leicester City given full access to the books, third party clubs getting payments from transfers - they really are a community club, everyone gets involved! Solent also reported the little gem that Chanrai's agreement to buy has expired.... Does this mean he's had a closer look and decided that the bargain doesn't look as attractive as it did when the parachute money wasn't being diverted? If he's going off the whole idea it leaves the way open for that bankrupt northern child to have another crack at whacking even more debt into the black hole. Why else would he allow his hold on the club purchase to expire, he's either haggling very hard. or walking away. We weren't far out on the admin costs so far, AA is looking to get that up to about £3M by the time the club is finished, I mean, he's finished.

perhaps Genoa have forwarded the money to the likes of Udinese and some of the other ripped off creditors, or is offering them 3p in the pound this year? A business that kept a taxbill for £25M on the desk unpaid for a year, moaning about late payers.....a new comedy avenue opens up. Luckily AA'a cashflow preditictions are realistic and not in any way the work of a fantasist, so I can't see that a wait for a million quid will cause problems, his business model isn't that fragile is it?.... Poor plucky pompey.

in our case, history would suggest that the bookies know something the stats don't. On your analysis Gemmel - do you reckon they can cover cva and outgoings by using anything other than advanced parachute? I thought that Chanrai's only cheer is that money, but it's being directed to football creditors or needed to meet cva. Yes they have a strong championship 11 who seem incapable of playing together at the mo (they can't carry on this badly, can they?), so if they stay injury/suspension-free I can see them creeping up the table, but I reckon the real trouble is still in the accounts.

I wasn't impressed with two fat blokes screaming over the top abuse at Cortese at the final whistle, they obviously felt that Adkins reign of 90 minutes was enough time to turn things round and it was time to demand answers. Even if this behaviour was deeply rooted in their frustration at failing to get women, they shouldn't bring it into the Northam. And the 'over here' chants are I believe a nod to Dell history and earn their place in the setlist on tradition grounds.

I'm not even sure how a club in administration can be offering three year contracts to players? The contracts that they offer can be fantasy anyway, pompey won't have to pay, the FL will have to bale them out and pay football creditors if it all goes wrong again (not that it's stopped going wrong this time yet!) Most insolvent clubs are polite enough to have gaps between administrations, pompey seem keen to blend the two debacles into one lengthy crash. Consolidate your bankruptcies, don't bother to exit admin, just drive the business into the ground by repeating the mistakes that got you there in the first place!!

The FL will need a a while to make sense of any business plan that indicates that the business is sustainable in its current form. If it's that good a plan perhaps Chanrai might like to release his cash flow forecasts so we can all have a good laugh. And on Cotterill's comments, it's like Grant never left! - I'm sure the likes of QPR are petrified. That's another difference between the tow clubs, both have had poor starts, I don't hear Adkins suggesting that the top teams are dreading coming to St Marys. There's a lot to be said for dignified confidence over vulgar spin for the dim.

let's see who is having the poorer season.......next goal wins.....

even the referees are against poor plucky Pompey, that's the last two games they should have won. I think the FL should give them those six points at least, it really isn't fair. I feel sorry for them, oh hang on, I've got over it!

it's more about diff settings, and some amazing throttle control. Nice.

AA knows where the bodies are buried so Harry likes to keep him sweet so Spurs do favours for pompey - O'Hara, some quick cash for players, and the rather odd £1M loan via the Kaboul deal. BUT Harry has a chairman who wants a young player to sign a contract before he goes on loan, he also wants Harry to try and keep the club solvent (for a change), and most importantly, he wants his million quid back, and he doesn't want to pay the wages of a loan player to a club that owes him money. So I don't see this loan deal happening unless they cough up the money already owed, or AA delays the payment by agreeing to double the money they will owe for the loan as Spurs know under the football creditor rules they will get it eventually, whatever happens. How long before the parachute money runs out? Advanced Prem cash must be the only thing keeping them afloat, the little comfort blanket that's supposed to keep you warm for four seasons, not one.

mmmm, poorly supported club? You may want to think of a new topic a bit sharpish to change the subject, ask the bloke sat next to you at Fratton - you might need to shout though as you've got thirty empty seats between you. I see Brighton's new 22,000 stadium is getting there. Bournemouth's ground is okay, we're well sorted....dare I ask how the Harbour Superdome financed by World Cup money is going?....

he's got a point that as a town they haven't got the monopoly on racism but the best ever had to be when the Pompey father and son were racially abusing Hislop........their own goalkeeper!.......When they were 2-0 up! Every club has a minority of idiots but Pompey is definitely, in the style of the League of Gentleman, a club for 'local people'... Look at TCWTB - says it all, and he isn't a one off, there's a whole collection of them. You can ban his bell but he's still the face of the few.

that's a worrying indicator of where the finances are if they were happy to pay £12K a week to offload their 'star striker'.... They then take the odd decision to overpay two Prem rejects. We have been in a similar squad situation and the only answer is the clear the deadwood not add to it - Kanu?! And they must have at least eight players operating above their fantasy wagecap, a limit that the likes of Blackpool must be trying to run with Prem money coming in. Can we see the figures of how many Prem clubs are operating with a wagebill lower than Pompey's? I do hope Storrie is off the bonus structure by now, though on current form it won't be a great saving. The house of cards must be rocking again soon, and not in a good way.

you shouldn't knock them, it's a huge improvement on their start last season.....and they have got two goals now in six games. And that Palace side are going to be promotion contenders! As Dean Wilkins would say, perhaps they lost the game in both boxes, but mainly their own. Pompey can't be far off a good side, if Chanrai wants to wave goodbye to another £10M in the transfer market, and if they ever exit admin and file accounts, and avoid tax evasion charges and resultant penalties - they could be challengers! Come on Cotterill, spin that result into something positive!