Winchester Red

That's one scenario I've tried to ignore because the difficult to predict becomes impossible to predict. If that scenario is an open possibility then you could well have your answer as to why there has been no FL action. They all have families and friends they no doubt care about (possibly, maybe, whatever)

My 'give it away' comment was probably a bit flippant. He's never going to do that, he'll try and sell it, but consider this..... How do you fancy negotiating with Chinney for the club and the ground, and with Sacha for the land around it. Without all of it it's both worthless and pointless. You'll either have to pay well over the odds or they'll be strangling you forever. We're not talking about tired ex-owners here who want rid (ie, majeski). We're talking about a loan shark and a gun runner. The best interests of PFC aren't high on their agenda! Even now PFC are just one of a hundred items in Chinneys portfolio and f*ck knows if sacha even gives the land he owns a second thought.

Particularly as PL clubs won't want to sign them because they won't be able to play them and FL clubs won't be able afford them. I can't see what Chinney can say to the players that will make (the majority of) them move before the summer. Maybe it's his intention to just get them to 1 April and pocket the £8m, liquidate and then sell nottarf cr*p? If he intends to run a skeletal PFC through the 2012/13 and 2013/14 seasons on nothing squads in order to get the final payments and then liquidate or give it away, it's going to be painful watching (or amusing depending on how you look at it!) I refer you back to my previous posts this evening. The 'phew' had better get motoring with Plan B!

I think it's still the case that the players will get a better pay day by having their contracts cancelled and then getting a signing on fee and a fresh contract from a new club rather than a deal in which PFC get some kind of fee. If that's the case then the players are still better off staying put.

Didn't know that. I assumed that football creditor were preferential regardless. Might change the picture if Chinney can persuade a few of the big earners to bog off. Not looking good for PFC from a football club perspective which ever way!

No-one knows beyond doubt. We only know that lumpitt said the next payment is the first that the club will actually receive (in cash!) (and I didn't hear that interview personally so I'm taking other poster word for that)

Unless Chinney does something very un-in-keeping with your average loan shark (or has an angle none of us have thought of, PFC are toast.) I wouldn't put it past the FL actually leading Chinney up the garden path, with him funding PFC to 1 April to get the next £8m parachute payment and then refusing to give it to him. (Watch the feathers fly then!) The FL have more brains and balls than most give them credit for. At the moment they are just hoping that PFC die on their own, but if they don't the FL will give them a good kicking to help them over the line in my opinion The FL would rather be seen as the helper of the phoenix club than the killer of the current one!

Also bear in mind Chinney doesn't get 'first dibs' of what left over, any more than the players and other football creditors. They are all secured creditors so they all get an equal share at the first level. Chinney is not preferential to the football creditors. Level at best. Unless the FL play ball big time the players will have nowhere to go, and even if they do, no one is going to take the higher earners

If the 'phew' abandoned it now and started plan B, that would go some way to screwing Chinney. It would also get them started on the road back Come on PFC supporters. Get on with it. SHOW SOME BALLS. Your vitriol towards us in the past few years shows you have enough passion to get over this and get AFCP off the ground. All you need now is some brains and I'm sure you can find some of those somewhere!!!

That works until you consider that: 1) The player's agents aren't stupid and they will advise their clients to sit tight. 2) It was the PL that agreed last time to allow sales outside the transfer widow and not the FL. The FL are far stricter and 'less caring' about giving their members a 'get out'. Although running the club at a tight (proper!) budget together with the point deductions resulting in relegation will at least go some way to them getting at least partially what they deserve. If this happened I would still expect the day after the final parachute payment will see them liquidated. (If they avoid it now) The supporters need to do Plan B now to ensure a way forward and to screw Chinney! (AND THEY REALLY OUGHT TO CARE ABOUT SCREWING THE GUY THAT SCREWED THEIR CLUB!)

Maybe agent Lumpitt has had us fooled all along, maybe he does have a bit of integrity. Obviously not the right person for a senior management position at PFC!......... (I'm finding it so difficult to think of this guy in a decent light)

Interesting thought It could actually be that Lampitt does have some integrity and his actions in resisting mass player sales in the window was a deliberate attempt to screw Chinney's plans to recoup money personally at the expense ultimately of everyone else (typical loan shark!). Maybe lumpitt realises the game is up for PFC, but doesn't believe in the Italian Ships Captain method of dealing with catostropie! Benefit of the doubt....... maybe. The next week could be very interesting

I'm not sure that PFC have received any of the parachute payments so far. I believe that the FL have diverted all payments to date to previous existing Football Creditors

I believe that parachute payments are scheduled as follows: Year 1: 2x £8m (already received) Year 2: 2x £8m (First received, second on 1 April(?)) Year 3: 1x £8m Year 4: 1x £8m Still interested to know if anyones views on the current situation differ from this (below, originally posted earlier): --- Chinney flying over to 'sort things out' means nothing. If he pay a months wages (£1m) + associated tax (£800k) + the back tax (£1.8m), so another £3.6m, this will get them through to, say, the end of February. All he has achieved is raising his debt from, what?, £18m to £21m. For what purpose? If he thinks he's going to take the whole parachute payment of £8m on 1 April(?) he'd still need to fund another month of wages (£1.8m) and then he'd have the biggest cr*p shoot ever because the CVA would need paying and there'd be no money to do so. We don't even know what football related creditors are waiting to be paid from 31 December (stage payment transfers) so PFC may not even get the whole parachute payment given to them. And don't even get me started on points deductions for not paying the CVA. It's find a buyer (2 hopes... bob and none) or liquidate. There is no 'sorting out' that can be done. Just throw money down a black hole or lock up the shop That to me is the position. Anyone see it differently?

Read Alan Sugar's biography. I think anyone who'd choose to be a Football Chairman is nuts, let alone spend their own money in the process

I don't think the CVA payments were ever 'ring fenced'. I think it was more a case of the parachute payments being of a similar value to the CVA, so the general view was: Parachute payments = CVA payment Gate receipts + TV Revenue + Merchandising + Owner Investment = Buy and Pay Players / Run the Club Although, the parachute payments do come from the PL via the FL, so the FL can withhold them any time they like

Chinney flying over to 'sort things out' means nothing. If he pay a months wages (£1m) + associated tax (£800k) + the back tax (£1.8m), so another £3.6m, this will get them through to, say, the end of February. All he has achieved is raising his debt from, what?, £18m to £21m. For what purpose? If he thinks he's going to take the whole parachute payment of £8m on 1 April(?) he'd still need to fund another month of wages (£1.8m) and then he'd have the biggest cr*p shoot ever because the CVA would need paying and there'd be no money to do so. We don't even know what football related creditors are waiting to be paid from 31 December (stage payment transfers) so PFC may not even get the whole parachute payment given to them. And don't even get me started on points deductions for not paying the CVA. It's find a buyer (2 hopes... bob and none) or liquidate. There is no 'sorting out' that can be done. Just throw money down a black hole or lock up the shop That to me is the position. Anyone see it differently?

I'm sure this is worth discussion (well actually I'm not but you can discuss whatever you want), but why is it relevant to the PFC Takeover Saga? ;-)

Yep. Pipes installed but not linked up to anything We've only ever had one match postponed at St Marys anyway and that was due to the surrounding areas, not the pitch

Well if you're happy to 'go out' like that, then watch this space. You're about to get your wish

Using stewards only in the ground instead of police still requires 'paying your stewards'. Turning on under soil heating requires 'installing under soil heating!' HTH

David Dein is a very intelligent and astute guy. There's no way he'd get involved down there. He's not going to pour his and his associates money down a black hole

Never going to get the accounts unfrozen so didn't even bother applying I'd suspect Rivers of bull**** flowing out of there at the moment

They actually ought not to be allowed to say a sale is expected shortly when they're no where f***ing near it!

Good to hear from you Brummieinhants. How much of an impact do you think the players you lost in the transfer window will have on your team. Were they central (like Fonte and Lallana to us) or can you get by fine without them?