rallyboy

so, all of you financial experts out there, let's get into the nitty gritty as the year of implosion is now upon them. Admin seems inevitable, how is it likely to pan out on the practical side? If I'm the man with a loan secured against the ground, what happens in admin? Do I get the ground on the back of my loan agreement or do I have to wait for Mr Fry and friends to sell it and he decides who gets what? Can we then expect potential new owners to gather at the closing down sale and try and pick up the land etc to recreate a future going concern or do we think all secured assets will have been scattered across creditors by then?

I couldn't handle the hilarity of going back to the start of the thread, is it possible to pull a bladder muscle?... Been talking to my mates from the darkside today, they are resigned to relegation, angry at the criminal owners, and rightly concerned about the future. I took it easy on them but the cross-eyed, sister-bothering Bates abusers might like to note that Ted is still stood there, dignified, correctly-proportioned and do you know, he's looking out across the water to the east and waving goodbye to someone. It might have been noisy for him that night but boy has it gone quiet now! And the arms dealer's nipper has got some cheek raising questions over the true identity of the owners!!

whatever happens there will be a Portsmouth FC in 2010, the question is what division/league they will be playing in a year from now. Worst case scenario from their point of view - full financial crash, new club, no ground, Blue Square? Best case - new funding in January and they stay in the Prem. not really, there is no best case! I reckon they will end up in the championship facing continued financial woes and an inevitable relegation battle.

even when they're facing the prospect of the taxman closing the business, we still get lies and garbage as an official response. It's insulting to their dwindling fanbase who at least need someone to admit that the room is indeed full of elephants. The running of Portsmouth FC has been criminal and in weaker moments I feel that maybe sympathy should be in order....but I shrug it off quite comfortably when reminded of the arrogant abuse directed west and the hilarity of the world cup harbour stadium and Maradona fiascos. We are living through a golden era - 104 pages and counting. If Pompey go out of business and this thread ends, I'll miss the thread.

Any proper experts out there who can give us some detail on where this is likely to go? It must be a serious development, don't other creditors now have the opportunity to join the revenue's action and increase the pressure to pay? They could then need to find £30M by Feb....

please don't slag off the architecture of our stadium, you know it hurts. I remember when Crouchie rolled that penalty in, I couldn't fully celebrate knowing that the exterior of the ground was rather plain.

when Pompey doubled Crouchie's wages to get him away from a club that had massive Champions League income, the alarm bells should have been a ringing. The upcoming doomsday outcome has been entirely predictable from the first time they signed a contract they couldn't afford. Because someone is a ceo or a businessman you assume they have some credibility or skill - but this debacle, like our own, has obviously been driven by idiots of the highest order. Rivalry aside, when the dust settles someone needs to have a forensic look at their books. I was never fully convinced by the explanations for our own financial 'hiccup', one might observe that if Pompey go under, someone somewhere will have some serious questions to answer and perhaps some charges to face. I cannot believe the amount of money that seems to have washed out of the club in the last year and is now 'missing'.

January should see a few creditors getting annoyed, that's if the wages have been paid. Maybe Storrie will ride back into town with that elusive billionaire on his arm before it all gets too much and the house of cards comes down. And for the people who were saying admin will be 'a nice fresh start' - technically yes, but this specific fresh start will require a new ground for starters, the old one will have gone to creditors, as will the rest of the assets, and Fratton will be worth more as a development project than to hire to a new owner for football purposes. There will be no fresh start with a clean slate and unpaid creditors, they are all lining up ready to strip every last asset out of the remains of the football club should the bills remain unpaid. Lessons in life no 574. Don't get into bed with and then cross a man who sells landmines and machine guns for a living, one day he will want his money back, and he might just dump your torso in the Solent.

The big four of 2015 - Arsenal, Saints, Notts County and QPR....debts hving crippled Utd, Liverpool and Chelsea. Though I believe county don't actually have two pennies to rub together and Bernie refuses to buy anything that doesn't improve the hospitality area so that might not happen either. As we are currently halfway down the third tier I might have to accept just Premiership consolidation in five years time. And Champions Lge glory the following year.

that legal action could signal the start of a mad scramble for the last assets. All creditors form an orderly queue please - football clubs just behind the taxman, Premier League, Championship and then Johnny Foreigner - financial institutions and landmine suppliers next, former players, brothels, Storrie Int Holdings and the Redknapp-Mandaric offshore children's charity behind them, local businesses at the back, and the agents who are part of the problem - they can just whistle. Wait up everyone, let the administrator through to the front, he gets first shout, if there is anything there at all.... It's a crazy festive firesale giveaway, everything must go! and probably will.

hello PES, I come to you from the Saints stronghold of Fareham (!). It was nice to see some Pompey shirts in town after the Liverpool game, but they do seem to have gone back in the cupboard for another four month holiday... Talking of fickle, let's not forget that in our hour of need when the club desperately needed our money we didn't fill the ground and some people booed and left when we went behind - disloyal and damaging to the awful team we had then imo. It was just a footnote in our sad recent history but presumably those deserters were at St Marys yesterday shouting about their undying loyalty - yes, all football fans are similar - 200,000 at Southsea Common for the bus trip, three cross-eyed men and a tattooed dog at Fratton Pk now. Rivalry is healthy BUT.....the Ted Bates night, that changed everything.... Add the poisonous vitriol since our decline and suddenly there is some serious humble pie to be consumed, but there are so few blue putting their heads above the battlements now that you will all have to eat a shedload. To the few genuine football fans - I wish you 'some' well - to the people who think calling strangers 'scummers' in a shopping centre is a good thing to do, enjoy your last three weeks of solvency, and for god's sake stop fiddling with your sisters. Part of me thinks there is a businessman waiting in the wings to pick up the pieces post-admin and move the club forward in some form but the cold facts of complicated ownership, debt structure, lack of assets and income, suggest the end could really be in sight. That'll never happen people say, okay, what's going to prevent it? You still need a dim billionaire who likes losing money.

so Storrie could be looking at taking a job in Australia, in the olden days we used to send our criminals there, funny how times have changed. Next thing we'll hear is that Grant wants to get involved Down Under. Thankfully he's too old to be player manager, the last thing Pompey fans would want would be Grant making his assistant pull him off at half time.

at this time of year when there should be a lull and a meeting in the middle of the battle to swap family pix with Paul McCartney, I say merry christmas to Merov and one or two other sensible folk from the wrong side of the tracks. I won't even do the obvious jokes about the rather thin calendars and diaries they will be getting tomorrow (just the one month) - as football fans I salute you in your hour of need, you are entitled to your faith, even if it is wrong, perverted, and shared by some very odd people - repent now and join us before it's too late. And in the same festive mood I say b@llox to the gobby, cross-eyed, sister-worrying, home-tattooed, Bates-abusing, horse-trading, tarmac-laying, arms dealer-embracing, bumper ride-organising, caravan-dwelling, part-time supporting, bath-dodging, brothel-funding goons who arrogantly laughed at us, abused us in the street and boasted of billionaire arabs and world cup stadiums while we took points penalties and third tier football on the chin. You bring shame on a club that has redefined the word through criminality and seedy dealing. For the first time in many years, football is good. And may Mr Liebherr, Cortese and Pardew all have a great 2010, cos if they are all doing alright, I know I am! Judged as just a footballing force or even as a business, 2010 could be the year when there will once again only be one team in Hampshire

can we just try and get to grips with the full extent of this ongoing debacle, I'm losing track. Transfer money owed Taxman owed the arms dealer owed huge loans More huge loans owed to the other bloke Sol Campbell still owed Al Fahim will want paying off The bank Horton Heath sex scandal Storrie, Mandaric and Redknapp in court that could lead to financial irregularities The new man running the finances is a convicted fraudster The 'owner' may not actually exist Have I missed anything? I'm sure there was more than that....doesn't seem so bad when you read it quickly. John Westwood must regret walking under that ladder.

there may be a difference between 'playing' and just walking about in the same shirt as the others so they may be able to do that deal. Either way, Santa wears red and white and he's about to give us some big presents!

for a man whose spending his free time being chauffeur-driven at someone else's expense between sexual encounters of his choosing, Grant doesn't look very happy. They have turned into a very odd club, sleaze, corruption, tax evasion - they just need to bring Gary Glitter in to look after the youth academy and they have ticked every box. Hang on though, Rix ticked that one first - it's a full house!! Kids,the Prem, prossies, the taxman, the bank, the fans - between them the management of Portsmouth FC has now offically shafted the lot. Well done all, what a team effort.

Their appalling Hawthorns display relegated Crystal Palace, tis a well-known fact. They went on to save Fulham with a similar surrender that annoyed real football fans everywhere. Next thing we will be hearing this story about some Southampton Commercial Union who stole jobs etc in some distant strike that no one can actually recall. It's a pity that talk won't pay the debts, then again it has been incredibly quiet on here for months so that might not work either.

'I have done it before with both Sulaiman Al Fahim and then Ali being brought on board' said Mr Storrie... You certainly have Peter, keep up the good work bringing quality businessmen to the table, especially as you are on £1.3M a year and you were at the helm when the directors fees trebled while the income went through the floor. Go on, have another loan, you know you want to, and I guess it's wages week again - with the added worry of a flipping win bonus! Has Sol been paid for lifting the cup yet? It would be a bit much to go on about it when you haven't even paid the poor bloke. The soap goes on.

Benjii mate, he stamped on him, not that there is anything wrong in that but he did go over the top, but I fully support your policy of a red card for just wearing a blue shirt. Anyway, once again the weekend that Pompey have a massive result, several others gather big points too - they just can't get off the bottom. Looks like a must-must win on Boxing Day and that's before you take into account the penalties that will be flying about at some point soon. But the Liverpool result could be the one that kickstarts their season. I remember one year we were struggling in that position and then we beat Liverpool 2-0 at home and everything changed, we went on a fantastic run that carried us to safety. sort of.

not a good development for them, all they need is Mandaric's file to go to court and you have the pattern that a club's senior officers have all systematically conned the taxman = financial irregularities = huge penalty. As for yesterday, two cracking finishes but Liverpool were awaful, and for the guy on here who said that the red card was for nothing, don't think I want to play in any games he's reffing. While the off pitch gathering storm is set to rain down during January, the little business of football makes the Upton Park clash MASSIVE. If they win it they need to set their new target as midtable to wipe out an admin penalty. Are we about to witness the start of the greatest escape act of all time or will they draw 0-0 at appalling West Ham?

Great result - but their performances on the pitch are irrelevant. Unless an idiot billionaire rides in to town they are going to go pop, and quite soon.

a good effort. Could have been worse - other results were kind, Lambert could/should have been sent off, or he could have been subbed and argued with the manager on the way off prior to departing in January. And according to Radio Solent, Leeds are still running on huge budgets which is okay if you own something. They are now living the dream and trying to rent success.

another day, another problem. This is like 20 years of strife at any other struggling club all condensed into six months. I suppose it would be apt if the man who lifted the cup they purchased brings them down because they didn't pay his win bonus. Whoever's writing the script is definitely a Saints fan. And I didn't miss the Rix farce comment - too sharp (old) for most on here!

the real gem is that this development highlighted by The Sun must have shot to bits any hope of refinancing. 'Hi, I'm a serial fraudster with many convictions, I'm representing a company on the brink of implosion, can we have lots of your money please with no chance of a return or even repayment as we have no real income, and we only need your cash because someone in the office has already stolen the other £100M we had'.

That is hilarious, this is well beyond a plausible comedy now, it's gone into ludircous farce. Faraj running around with his trousers down, the vicar at the door, comical defending, it's got the lot - and more! Has it got to the point where we feel sorry for them yet, it can't go on like this. They must have technically been in admin for months, please put us all out of our misery.