rallyboy

the really funny bit is if the taxman overturns the football creditor rule then all creditors get equal payouts. If you want the golden share you need to pay 100% to everyone so the criminal 4p a year suddenly becomes £130M in cash on the table before you can kick a ball again! HMRC winning that very winnable case would surely liquidate Pompey the same day. But AA sails on regardless spouting rubbish, pretending there isn't a herd of elephants sat in the room with him. There are 589 pages here explaining how serious their situation is but there are still many in the few who believe the hype and are looking forward to a return to the Prem. Wakey wakey!

I'm getting a bit bored with AA. First we had Storrie talking rubbish, then Grant started chipping in and it was a great comedy act. They lost it a bit when Storrie went quiet but AA really picked up the pace, he has been hilarious at times and there were few things funnier than AA and Grant doing their Pete and Dud motivational monologues. But now he seems to be out of material, it's the same tired old gags and claims, overpriced players, building a promotion team, insults to the taxman and the jokes about ignoring all the football rules, he needs a new act. Maybe Lloyd can inject some fresh laughs into this show, but AA is out of ideas - we've heard all of his one liners before. He needs to give up the comedy and start something completely different - like administrating on behalf of creditors.

that's proper tyre-kickers at work! I didn't think Nugent could become less mobile as a striker but it seems likely that he will be when they return from their holiday.

they can take the entire squad, liquidate them, convict some of tax evasion and bar others from being directors ever again.... but they will never break their spirit! One out of five isn't bad......... that's 4-1. 4-1?....Mmm, rings a bell, oh yeah, one billionaire : four crooks.

the business is terminally damaged, the fans want answers - so the players are being paid to go on an all expenses holiday in the states, AA is charging for an all expenses holiday in Greece, can we assume Storrie is being paid to be somewhere else? It's the gravy-train-crash that just keeps on giving! Why would a single fan give them money at the moment? As Blackadder once said, I would rather entrust my genitals to a madman with a pair of scissors.

Chanrai came on the scene through greed - a big loan with big interest, a chance to grab a slice of a Premier League cash cow, and he was promised the January tv money. That went pear-shaped and he was conned into further loans, all with big guarantees that haven't really happened. All his investments would be covered in the worst case scenario by the £38M squad and the parachute payments..... But the transfer income won't cover the wages, he has funded the admin but even his little puppet AA can't get the parachute money off the football creditors. Surely Chanrai must now see that there's no profit to be made in this business, and it hasn't hit rock bottom yet - more High Court action, the tax evasion cases, and that's before any irregularities pop up all over the shop. And I can see Cotterill getting them out of this division at the first attempt! As an aside, he was an idiot to take the job - see Grant's ridiculous quotes about the ignorance of any money problems... Time to cut your losses Mr Chanrai, dump AA with unpaid fees and leave him to prepare the footings for your open air leisure park incorporating social housing and a supermarket. Today could well prove to be the worst day in the 10 year history of Portsmouth FC. I see no way forward. And to sum up this historic day a guy I saw tonight had his Fratton season ticket through the post today, great timing - and he had to pay the extra postage. Really! You can't make these up.

How is AA's plan of continually flicking the Vs in the taxman's face going? He's been prodding the tiger with a stick and he's only just sussed that he's in the cage with it - it's going to be a bloodbath and it was totally avoidable. They have done everything to antagonise HMRC and other creditors, they have gambled everything at every opportunity so I do hope there is no whingeing when they lose the lot. At some point soon that 1-0 win over a bankrupt mid-table championship side might not seem worth it anymore. And as for the day at St Marys, that was a great opportunity to see an illegal side first hand and to look into the crossed-eyes of the few for the last time. Ted is properly waving now!! and let's see which simpleton posts this as hot news 12 hours after everyone else - why do people do that without reading the thread, oh well.

Yo! Get in there my son!!

I don't see how AA thinks these young overpaid hopeless cases are only be surplus to requirements now it suits. Surely they should have been first out of the door and off the wagebill when the business went into admin, or when the club so obviously breached all Prem and FA rules by trading insolvently from about October last year. If he thinks he's going to take the p-ss out of the FL by being 'clever' with the squad numbers, the goon with the frontal combover is in for a mighty big shock... Those crazy feckers at the FL will nail him to a tree, if the taxman doesn't do it first - and rightly so!

cometh the hour, cometh the taxman. AA must be wriggling on the hook tonight, and he'll never get the rest of those wiggly worms back in the can. It will take a very good administrator or a dim taxman and another lenient court to get them out of this hole. What a mess.

The taxman looks set to appeal against Pompey's Company Voluntary Agreement (CVA). The News understands Her Majesty's Revenue and Customs will lodge an appeal with the High Court on Thursday against the club's deal to offer creditors 20p in the pound. Let's all have a disco etc......

on a general note, I've been down there today and there's no doubt, it's a city for 'local people'.... I walked up North End and it was like a freak show convention was in town, odd eyes and extra thumbs all over the place. Presumably those of the few that post on here have the ability to operate keyboards so they may be the sharper tools in that box (!) but even they must admit that there are some very odd folk down that way. Fresh blood needed asap, the gene pool is too shallow, it's all going a bit Deliverance..... I finally understand why some media refer to their fans as 'special'.

as AA has made it quite clear that the americans are meeting the full cost of this tour and will want to recoup their outlay, I think they will be worried if a team of no hopers appears. That won't fill seats, in fact it will be like a home game for them! Or maybe I don't believe AA's claim about the cost of the US jolly not coming out of Pompey coffers, I would wager it's just another insult to creditors. No doubt Storrie and AA will be topping up their tans in the states, unless they need to fly to Rome or Monaco for more urgent talks...the gravy train is still a rumbling on.

so as I said then, they would need to sell Torres, and they are only looking at paying that for a player much better than Boateng - on top of that, that article is rumour-based on what Hodgson 'might do' presumably lifted from some of his tv punditry - 'what do you think of him Roy?' - 'Great player'....rumour launched. There has been no bid for anyone, Liverpool are skint. So I stand by exactly what I said, Liverpool have no budget, they need to sell first. And any Torres deal might involve him being able to walk at the medical.

Liverpool have no budget. They would have to sell Gerrard and Torres before starting to offer money like that for a world class player, let alone an overpaid thug who can't walk up the street without vandalising parked cars. That article has the correct date on it but the factual content falls away dramatically after that. Can we assume that Pompey have priced him at £4M then realised they owe £3M and expect someone else to settle their problem? Surely they have more chance of playing in the Europa League this year than getting £7M for Boateng, even Man City would consider that laughable.

so the money they've taken for Diop will now be needed to pay Belhadj for the time he's on holiday until he decides where he fancies. AA must be finding this whole running a football business malarky a bit complex, his maths is certainly suffering, it must be time for a rallying call, a big press release about 'Havant and Waterlooville couldn't break our spirit in a friendly' - or anything to distract from the fact that the ship is clearly holed beneath the waterline. This is now the least successful firesale in history and Storrie's legacy makes Peter Ridsdale look like a cautious businessman with excellent financial judgement - and some fish.

just to take an updated look at the detail of the AA plan to make the business viable - Roughly he needs to reduce the wagebill from £40M to £13M - a saving of more than half a million, a week! If he is serious that means he needs to offload everyone we have heard of. To put it into context, if he offloads Belhadj (£3.5M less fees, add ons), then Boateng and James, he will still only raise approx 20% of his wages reduction target and 35% of his transfer target, the whole first team has to go. There's no way either of his targets are possible, so there's no way he can honour the CVA - any creditor who voted for this deal because they thought it would work is an idiot. I'm guessing he's likely to fall £6M short on transfers and £1M a month short on the wages, meaning the CVA (if passed) will fail without delay and unless Chanrai wants to stump up approx £25M (leaving him owed approx £50M) to buy and run this great business model and get them to Christmas, we are back to square one.

some might observe that Chanrai has never properly owned the company. He only took control as an unpaid debt-collector but has clearly maintained ultimate control throughout the entire administration process. Maybe he missed a few episodes of his Open University course on company law.

So they've pulled back the curtain and AA was just a puppet being operated all along, polite applause..... How much does Chanrai want to risk before he gives up on any return? It owes him maybe £30M in loans with interest payments PLUS the cost of running the club through admin. He'd have to find another £15M immediately? £45M for a business in that state with pending 'issues', and with the initial parachute payments destined elsewhere?? Even Noel Edmonds couldn't get you to deal for that. It's a long wait for a return, and during that time you wouldn't want to put anything in, it would just be a case of keeping it trading on life support until the final tv money appears. No, the figures still don't add up.

yes, and Portsmouth gave their ground to a charity shop who showed it to Cash in the Attic. They didn't want it. Storrie sold it at a car boot sale for £12.

congratulations to the thread, it's grown and become a beast to control - it's quiet at the moment but you just know that if you wave a stick at it and let it off the lead it will be off again all over the show. Takeover? What a crazy idea, should have been locked on day one. I think the taxman needs to give it a special birthday present....

Jimmy was last sighted driving around Hedge End with two Gary Glitter tribute artists (possibly Jedward) in a BMW concept-derivative proto-type.

8,000 season tickets for a business that might not see Christmas is quite impressive. But for a club on the up and about to exit administration it is less so - it depends on how realistic the punters want to be and I certainly wouldn't believe any talk of 'ringfencing' season ticket money - Chanrai has had it away already. With their reduced prices that must mean we have comfortably overtaken them with regard to matchday income. It's clear that Saints are much better supported but their Prem pricing meant that all of the former owners had a nice slush fund on the go every summer. That cash is greatly reduced so in tandem with the least successful firesale in history I'm not sure how they will be able to honour this cva should it escape the attentions of the taxman. The noose is tightening and the expenditure continues every day.

as far as squad strength and fundraising goes that's a double disaster. Suggestion was that he could have been a great player for them at that level and was highly valued, presumably Wigan's alleged £500K interest was a feeble attempt to start a bidding war? Does this expose the fact that Pompey have no power to make offers or to retain anyone? Hamburg have just driven a bus through AA's ****y claims about a promotion push, the dismantling will continue. roll up, it's bargain time, everyone must go, and if the taxman reappears the future will look very bleak indeed.

I thought he was an excuse for a manager.