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Pompey Takeover Saga


Fitzhugh Fella

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I remember the poster they took to one match (or maybe more than one) towards the end of last season, which proclaimed something along the lines of:

 

For Sale - Portsmouth Football Club

World's best supporters come free!

 

So yes, they do indeed see themselves that way.

 

If anybody on here has a link to the picture (Lord Trousers perhaps?) they might like to post it...

 

4035622040.jpg

 

From News article

The Pompey Fans’ Manifesto

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Neil Allen ‏@pn_neil_allen

 

Trust offer for Fratton Park made 2 months ago. An 'acknowledgment' received by Portpin by no further progress. #Pompey #pst

 

Guessing they put a read receipt on the e-mail :-)

 

Which rather suggests that Portpin is not particularly pleased with the offer? And which therefore drives a bus through the bid (amongst the various other reasons).

 

However, i do wonder if they have looked at what Eastleigh is doing with the Rose Bowl as some sort of precedent...

http://www.dailyecho.co.uk/news/9841256.Go_ahead_to_plough___35m_taxpayers_cash_into_Ageas_Bowl/

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Neil Allen ‏@pn_neil_allen

 

Trust offer for Fratton Park made 2 months ago. An 'acknowledgment' received by Portpin by no further progress. #Pompey #pst

 

Guessing they put a read receipt on the e-mail :-)

 

So they made the offer 2 months ago, have had no response since and haven't interpreted that as a big, fat "No"?

 

That's a good definition of optimism, right there.

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LOL, theTrust expects Chinny/Portpin to take 2p in the £ on their debt!!!

 

Add this to the fact that Chinny hasn't responded to their offer of £2.75m fo Fartton Park, plus the players will get more (if paid) from Chinny, then this is game over, surely - or am I missing something?!

 

A mix of the two with Chinny renting FP to the Trust possibly?

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LOL, theTrust expects Chinny/Portpin to take 2p in the £ on their debt!!!

 

Add this to the fact that Chinny hasn't responded to their offer of £2.75m fo Fartton Park, plus the players will get more (if paid) from Chinny, then this is game over, surely - or am I missing something?!

 

A mix of the two with Chinny renting FP to the Trust possibly?

 

Just can't see the bid stacking up outside P*mpey La La land:

 

Collect in all 300 pledges in full:

 

Borrow £2.75 M from the Council;

 

Pay Balu £3.75M and 2p in the £ on his remaining debt;

 

Write of Football Creditors Debt;

 

Get back into PL in 10 years.

 

And that's without sorting out the fat filled pipes and getting the clock working again

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Current Nutjob rankings. Only 81 more posts to go, and trousers hits the incredible 3000 mark (albeit including a few dodgy "..." s).

 

[TABLE=width: 259]

[TR]

[TD]Nutjob[/TD]

[TD]Posts[/TD]

[/TR]

[TR]

[TD]trousers[/TD]

[TD]2,919[/TD]

[/TR]

[TR]

[TD]dubai_phil[/TD]

[TD]2,130[/TD]

[/TR]

[TR]

[TD]pedg[/TD]

[TD]2,020[/TD]

[/TR]

[TR]

[TD]OldNick[/TD]

[TD]1,546[/TD]

[/TR]

[TR]

[TD]rallyboy[/TD]

[TD]1,338[/TD]

[/TR]

[TR]

[TD]Gemmel[/TD]

[TD]1,236[/TD]

[/TR]

[TR]

[TD]Channon's Sideburns[/TD]

[TD]1,236[/TD]

[/TR]

[TR]

[TD]Gingeletiss[/TD]

[TD]1,095[/TD]

[/TR]

[TR]

[TD]View From The Top[/TD]

[TD]1,037[/TD]

[/TR]

[/TABLE]

 

It's been asked a thousand times before (ok, 4 times after Pompey standards), but where do you find this list?

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Have to say 3000 pledges is excellent (anything above 1000 is good imo), far better than I'd have expected. Thought GM said it was only £700k?

 

Yep it's taken a few hundred thousand posts, but the 3,000 is execellent ( I am assumming that indidvidually its about 2,000 and the 6 HNW guys make up a million or so).

 

Only problem now is collecting them. And probably worth bearing in mind they need 3 new pledges a day, for every day that Birch is there.

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* In order to buy Fratton Park medium-term loan needed. Preferred supplier would by Portsmouth City Council.

* All four high net worth individuals have deposited 6 figure sums into Trust bid, including McInnes.

* Trust have offered £2.75m to Portpin for Fratton Park.

* McInnes stresses 'right bid for football club and right bid for community and has to be run on business grounds'

* McInnes says Appleton will stay as manager with a chief executive appointed and an executive board.

* McInnes; 'Chainrai wants to take out investment, we want to put it in'.

* McInnes calls for Chainrai to meet with Trust and work together for good of the club

* Pledges from fans total £3m

* Trust offer for Fratton Park made 2 months ago. An 'acknowledgment' received by Portpin by no further progress.

*McInnes 'Plenty of people will come out of the woodwork and back the Trust if they believe we are real'

 

Yeah right, had months now of the trust 'bid' and only attracted 3000 so called fans. What planet is this muppet on if he thinks now more will pledge...... large LOL moment.

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Have to say 3000 pledges is excellent (anything above 1000 is good imo), far better than I'd have expected. Thought GM said it was only £700k?

 

My interpretation was that the "£3m" (funny, nice round number that...) pledges was the overall total including the 'high net worth' contributions. So, let say the figure is actually nearer £2.75m (to allow for creative rounding up) and then take away the 'several 6 figure donations' - round figure, say, £750k - then you're left with nearer £2m or 2,000 pledges.

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£2.75m/£18m = 15.2p in the pound

 

So the trusts plan has just been announced that they want to get a loan from the council to buy the stadium. So to rid a club of debt, they want to create more debt. Their credit rating is terrible - three administrations in recent history, why should they use council taxpayers money? Why would the council trust a three times failed business with its money during a recession?

Edited by Matthew Le God
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So the trusts plan has just been announced that they want to get a loan from the council to buy the stadium. So to rid a club of debt, they want to create more debt. Their credit rating is terrible - three administrations in recent history, why should they use council taxpayers money? Why would the council trust a three times failed business with its money?

 

Wouldn't the council be better off giving the money to the chancellor of the exchequer rather than "loaning" it to the Trust so that he can redistribute some of the £50m (or whatever it is) that the UK taxpayer as a whole has lost out on over the last few years?

Edited by trousers
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