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I'm sure it'll be exactly the same rubbish in The News after the Walsall game, and after the Oldham game. "Smash and grab, didn't deserve it, it's their cup final, Pompey dominated, keeper had the game of his life"

 

It's actually f()cking frightening how deluded they are.

 

And the ref was in awe as he has never reffed such a massive club

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I'm sure it'll be exactly the same rubbish in The News after the Walsall game, and after the Oldham game. "Smash and grab, didn't deserve it, it's their cup final, Pompey dominated, keeper had the game of his life"

 

It's actually f()cking frightening how deluded they are.

 

"we saw the lads celebrating in the tunnel after the game as if they had just won the league." FAF.

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As usual, the Pompey fan I know is streets ahead. He wanted liquidation already in January and he has put a question mark over Appy's quality. He desperately wants the trust to succeed but acknowledges that they are underfunded.

 

He's probably in a minority of sensible Pompey fans though :-/

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Pol.....

PompeyMart

"

some players need to decide whether they want to play for this club or not, if they do then put a dam sight more effort in than you are, if not stick the kids in at least they will try for 90 mins and not only when 2-0 down or in the last 5 min. " ;)

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Pol.....

PompeyMart

"

some players need to decide whether they want to play for this club or not, if they do then put a dam sight more effort in than you are, if not stick the kids in at least they will try for 90 mins and not only when 2-0 down or in the last 5 min. " ;)

 

Jeesh!

 

Anyone would think they're just there for the money ;)

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play the kids!, they screamed from the deserted Fatpipe End

And down on the hallowed turf, goalscorer and pompey reject Ritchie could only gasp at the irony of the lockable stable door concept being suggested - long after the horse has not only bolted, but lived a long and happy life, sired grandchildren, retired to the country, passed away peacefully, and been consumed by Harry's thieving dog, with a side order of Winalot.

 

 

 

 

Cotterill was a legend for keeping up the most expensive squad in the division and then launching them to the exit, Avram was even more of a legend for relegating one of the highest paid squads in the division.

 

So I see no reason why Appy can't confirm his own legendary hero status by matching our record of getting out of two divisions in consecutive seasons.

Back-to-back Appy!

 

Meanwhile, where are we on these players now?

They were heroes for going on a free holiday, and even more heroic for snubbing less money at bigger clubs.

 

But tonight we've established that many were rejected from Fleetwood to Barnet for good reasons, so have one or two of them slipped across the border from HeroTown to VillainVille yet?

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Can the media wake up, smell the coffee and cut the crap with this "amazing support" b/s they dish up EVERYTIME poopey are mentioned ?

12,000 today for a (fairly) local derby, in ideal weather conditions for watching football, and that includes probably 2000 Swindon fans.

 

Like everything else connected with that sorry excuse for a football club its all lies, smoke screens, and a trick of the light :-)

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Can the media wake up, smell the coffee and cut the crap with this "amazing support" b/s they dish up EVERYTIME poopey are mentioned ?

12,000 today for a (fairly) local derby, in ideal weather conditions for watching football, and that includes probably 2000 Swindon fans.

 

Like everything else connected with that sorry excuse for a football club its all lies, smoke screens, and a trick of the light :-)

 

It's probably the closest we are going to get for a like for like comparison of fixtures.

 

Swindon at home, when we were on -10 in the league and needing to get going. 22,000 attended.

 

Skates at home, on the verge of -10 but not yet and looking to get going. 12,000 attended.

 

Assume that the away end was the same for both, 2000.... Then when the chips are down and it's just about the core of the fanbase needing to get behind their team when they need it..... we have double the equivalent fanbase.

 

Is this too simplistic a calculation? Probably. But once again the overbaring evidence is there that there is not that many of them.

Edited by Colinjb
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It's probably the closest we are going to get for a like for like comparison of fixtures.

 

Swindon at home, when we were on -10 in the league and needing to get going. 22,000 attended.

 

Skates at home, on the verge of -10 but not yet and looking to get going. 12,000 attended.

 

Assume that the away end was the same for both, 2000.... Then when the chips are down and it's just about the core of the fanbase needing to get behind their team when they need it..... we have double the equivalent fanbase.

 

Is this too simplistic a calculation? Probably. But once again the overbaring evidence is there that there is not that many of them.

 

Schoolboy error there......down in pompeyland - it is not the attendance that matters, but the number of empty seats. Therefore, using your example above, their support is bestest because they only had 8,000 empty seats compared to our 10,000.

 

Errrrrrr......simples, innit mush. :scared:

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Portpin have issued the following statement regarding their bid:

 

Portpin have today revised their bid in response to the questions and comments received from The Football League regarding details of its bid proposal submitted last week, specifically regarding the level of debt being carried forward.

 

It is a Portpin board level decision to address and incorporate the suggestions from The Football League to ensure that the club is well-capitalised and financially solvent from day one following acquisition, and remains so throughout the business plan forecast period over the next five years. This is the long-term vision of Portpin ownership, which it is prepared to support and fund.

 

Balram Chainrai announced "We are committed to own Portsmouth Football Club and build it back up to its rightful place. This does not mean spending lavishly on short-term player contracts as the former owners did. It means stabilising the core business and rebuilding the club and its real estate so that it can trade on a financially secure footing.”

 

He went on to say "Do not judge us on our words but on our actions. Portpin is looking to take decisive steps to deliver this objective. We are offering a multi-million pound, multi-year overdraft facility to The Football League to give the business a cash flow safety net and ensure all unsecured and football creditors are paid. We are prepared to convert a materially significant amount of Portpin’s debt into equity to further capitalise the new company. We are committed to ensuring that not one penny of the parachute payments will be taken out of the club but will be used to fund the business going forwards. We strongly believe that Fratton Park and the Club must stay together as one entity. There will be no cash drain for lease payments to a third party for the use of Fratton Park’’.

 

‘’As the senior secured creditor of Portsmouth Football Club (2010) Limited in administration as well as one of the largest creditors to the club, we categorically do not want to see the business stripped of its principal asset to fund the acquisition or the day to day running of the business. This will only end in tears. Sadly it has happened before to Portsmouth under previous ownerships. Four years on and we are still trying to unravel that tangled inherited real estate web and enable the club to own all of the pieces and put them back together again. This is the reason why we have been steadfast in saying no to all of the property developers and distressed capital funds who have approached us about buying the Portpin loan. Look at what happened to Crystal Palace when their ground was stripped from the club – or Coventry City. We have always stated that the only way forward for any club is to keep the stadium and the club under common ownership. Anything short of that would be fiscal suicide for the business’’.

 

‘’We believe Portsmouth is a fantastic football club with the most passionate supporters in the land (aggghhhhhhh) and it deserves to be restored to its former glories. We want to work together with the supporters to make sure that Portsmouth never falls back into the financial black-hole of administration again. Our aim and commitment of capital is to put in place the foundations which are so desperately needed at our club. Our main objectives are:

 

· To make the club run on a sound financial base with realistic targets and objectives

 

· To ensure the Club is never put in this position again.

 

· To maintain ownership and rebuild the infrastructure of the club based on strong financial foundations – including our own training ground, a stadium fit for the future, and an academy to furnish our club with home-grown talent.

 

· To restore the community pride in Portsmouth Football Club – locally and nationally (Good luck with that!!)

 

Balram Chainrai concluded by saying, "Portpin aims to successfully finalise its discussions with The Football League and PKF without delay so that the club can exit administration and move forwards as soon as possible. Under our ownership we intend to demonstrate the same heartfelt passion and support for the club that has been shown throughout by Michael Appleton, the players, the employees and all of the loyal fans of Portsmouth FC.’’

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Schoolboy error there......down in pompeyland - it is not the attendance that matters, but the number of empty seats. Therefore, using your example above, their support is bestest because they only had 8,000 empty seats compared to our 10,000.

 

Errrrrrr......simples, innit mush. :scared:

 

Of course, my mistake to use logic. Thankyou for the correction. :)

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@pn_neil_allen: Here is tonight's Portpin statement which was initially released to Express FM. http://t.co/PNSMflB7 #Pompey

 

Portpin have announced new plans for Pompey, should they take control of the club once again.

 

 

The Blues’ former owners, led by Balram Chainrai, have vowed to ‘convert a significant amount of Portpin’s debt into equity to further capitalise the new company’ for Pompey.

 

And they have also ensure all of the club’s unsecured football creditors will be paid.

 

Their full statement read: ‘Portpin have today revised their bid in response to the questions and comments received from The Football League regarding details of its bid proposal submitted last week, specifically regarding the level of debt being carried forward.

 

‘It is a Portpin board level decision to address and incorporate the suggestions from The Football League to ensure that the club is well-capitalised and financially solvent from day one following acquisition, and remains so throughout the business plan forecast period over the next five years. This is the long-term vision of Portpin ownership, which it is prepared to support and fund.

 

‘Balram Chainrai announced “We are committed to own Portsmouth Football Club and build it back up to its rightful place. This does not mean spending lavishly on short-term player contracts as the former owners did. It means stabilising the core business and rebuilding the club and its real estate so that it can trade on a financially secure footing.”

 

‘He went on to say “Do not judge us on our words but on our actions. Portpin is looking to take decisive steps to deliver this objective. We are offering a multi-million pound, multi-year overdraft facility to The Football League to give the business a cash flow safety net and ensure all unsecured and football creditors are paid. We are prepared to convert a materially significant amount of Portpin’s debt into equity to further capitalise the new company. We are committed to ensuring that not one penny of the parachute payments will be taken out of the club but will be used to fund the business going forwards. We strongly believe that Fratton Park and the Club must stay together as one entity. There will be no cash drain for lease payments to a third party for the use of Fratton Park.

 

“As the senior secured creditor of Portsmouth Football Club (2010) Limited in administration as well as one of the largest creditors to the club, we categorically do not want to see the business stripped of its principal asset to fund the acquisition or the day to day running of the business. This will only end in tears. Sadly it has happened before to Portsmouth under previous ownerships. Four years on and we are still trying to unravel that tangled inherited real estate web and enable the club to own all of the pieces and put them back together again. This is the reason why we have been steadfast in saying no to all of the property developers and distressed capital funds who have approached us about buying the Portpin loan. Look at what happened to Crystal Palace when their ground was stripped from the club – or Coventry City. We have always stated that the only way forward for any club is to keep the stadium and the club under common ownership. Anything short of that would be fiscal suicide for the business.

 

“We believe Portsmouth is a fantastic football club with the most passionate supporters in the land and it deserves to be restored to its former glories. We want to work together with the supporters to make sure that Portsmouth never falls back into the financial black-hole of administration again. Our aim and commitment of capital is to put in place the foundations which are so desperately needed at our club. Our main objectives are:

 

- To make the club run on a sound financial base with realistic targets and objectives

 

- To ensure the Club is never put in this position again.

 

- To maintain ownership and rebuild the infrastructure of the club based on strong financial foundations – including our own training ground, a stadium fit for the future, and an academy to furnish our club with home-grown talent.

 

- To restore the community pride in Portsmouth Football Club – locally and nationally.”

 

‘Chainrai concluded by saying: “Portpin aims to successfully finalise its discussions with The Football League and PKF without delay so that the club can exit administration and move forwards as soon as possible. Under our ownership we intend to demonstrate the same heartfelt passion and support for the club that has been shown throughout by Michael Appleton, the players, the employees and all of the loyal fans of Portsmouth FC”.’

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Balram Chainrai announced "We are committed to own Portsmouth Football Club and build it back up to its rightful place. This does not mean spending lavishly on short-term player contracts as the former owners did. It means stabilising the core business and rebuilding the club and its real estate so that it can trade on a financially secure footing.”

 

The same status as Preston North End then.

 

Core fanbase of about 10k? Check

Proud History? Check

Could only compete in recent years by unsustainably overspending? Well, we'll let Preston off that one.

Edited by Colinjb
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Went to the match at Fatpipe Park this evening (have family who follow Swindon). Strange match, town should have been out of sight by half time and continued to dominate into the second half. Only Howard and the keeper looked good for them. Pompey's main tactic seemed to be to lull swindon into a false sense of security by being abysmal and then suddenly try to take advantage in the last 10 mins. Unfortunately a couple of skates didn't read the whole memo and wasted some glorious chances late on.

 

atmosphere was fairly muted, no singing from the side stands and generally all you could hear was the drum and tcwtb. There was a mass rush to the exits when the board for injury time went up and chants of "appt sort it out" during the match - and we're told that Pompey fans are always behind their team!

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http://m.portsmouth.co.uk/sport/pompey/pompey-past/ritchie-nets-on-return-as-pompey-lose-at-home-again-1-4275062

 

What do people expect ? Don't be a blind idiot!!! MA is clueless!!!! as are you!!!

 

1 up front? we don't need an owner to improve on his clueless tactics!!!

 

appleton is useless and if he was half the man you say he is ,he would come out and shoulder some of the blame himself.plenty bigger boys waiting in the wings to take over.if it wasnt for ownership issues he would have been dismissed long ago.

 

appleton is destroying the fratton fortress reputation.swindon were the home team and beat us up in the first 10 mins,cos appleton tactics so negative.swindon deservedly went aheadbefore half time.appleton decided to attack in the last 10 mins -he should of attacked from minute 1.ma now blaming ownership as reason for poor performances-causing pressure for players....b---ollocks.appleton not strong enough or good enough or experienced enough for the job

 

SURELY IT CAN,T GET WORSE.CAN,T REMEMBER IN 50 ODD YEARS SUCH A CLUELESS LOT IN A BLUE SHIRT. AS FAR AS APPY IS CONCERNED HE LEAVES ME FAR FROM HAPPY. NO FIGHT ,NO NERVE, NO HOPE. NO CHANCE ON SELLING SEASON TICKET ON EBAY AT THE PRESENT.

 

evola

A dismal performance. Appy is clueless and we are losing fans weekly.12k tonight and a fair few of them were Swindon. The longer it goes on the less likely we will get a buyer. We cant rely on the delusional

"Trust" bid.

 

the excuses for appleton must stop.he is not stirring the city and certainly not inspiring fans to invest in the trust.his presentation is below average,his tactics are fearful-1 up front-failing to utilise the 12th man (the great fratton fans) frankly i think he is thick just like the lumpitt that employed him.he has gotta go its just a case of when.the rubbish i heard on solent b4 i got to the game from him and his pal was just insulting to the normal intelligent fan

 

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Swindon were always a bit of a jinx team to us in the lower divisions.

 

But you have two oneder how many Charlie Austin would have scored against them if he was still there.

He got a hat-trick for Burnley down there in a 5-1 win last season, if I remember correctly :o

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What a shyt club and support.... It really is a league 1 outfit

 

That's a bit unfair way to describe League 1.

 

Good to see the esteemed local journo is remaining independent of any bid...

 

@pn_neil_allen: RT @SOSPompey: Before people jump to Bassini's defence, he's been advised by Andronikou who doesn't particularly need any introduction. Trust or bust

Hmmm. Let me think for a moment which one it'll be .... 39.gif

 

 

Selma-Blair.jpg

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Portpin have issued the following statement regarding their bid:

 

Portpin have today revised their bid in response to the questions and comments received from The Football League regarding details of its bid proposal submitted last week, specifically regarding the level of debt being carried forward.

 

It is a Portpin board level decision to address and incorporate the suggestions from The Football League to ensure that the club is well-capitalised and financially solvent from day one following acquisition, and remains so throughout the business plan forecast period over the next five years. This is the long-term vision of Portpin ownership, which it is prepared to support and fund.

 

Balram Chainrai announced "We are committed to own Portsmouth Football Club and build it back up to its rightful place. This does not mean spending lavishly on short-term player contracts as the former owners did. It means stabilising the core business and rebuilding the club and its real estate so that it can trade on a financially secure footing.”

 

He went on to say "Do not judge us on our words but on our actions. Portpin is looking to take decisive steps to deliver this objective. We are offering a multi-million pound, multi-year overdraft facility to The Football League to give the business a cash flow safety net and ensure all unsecured and football creditors are paid. We are prepared to convert a materially significant amount of Portpin’s debt into equity to further capitalise the new company. We are committed to ensuring that not one penny of the parachute payments will be taken out of the club but will be used to fund the business going forwards. We strongly believe that Fratton Park and the Club must stay together as one entity. There will be no cash drain for lease payments to a third party for the use of Fratton Park’’.

 

‘’As the senior secured creditor of Portsmouth Football Club (2010) Limited in administration as well as one of the largest creditors to the club, we categorically do not want to see the business stripped of its principal asset to fund the acquisition or the day to day running of the business. This will only end in tears. Sadly it has happened before to Portsmouth under previous ownerships. Four years on and we are still trying to unravel that tangled inherited real estate web and enable the club to own all of the pieces and put them back together again. This is the reason why we have been steadfast in saying no to all of the property developers and distressed capital funds who have approached us about buying the Portpin loan. Look at what happened to Crystal Palace when their ground was stripped from the club – or Coventry City. We have always stated that the only way forward for any club is to keep the stadium and the club under common ownership. Anything short of that would be fiscal suicide for the business’’.

 

‘’We believe Portsmouth is a fantastic football club with the most passionate supporters in the land (aggghhhhhhh) and it deserves to be restored to its former glories. We want to work together with the supporters to make sure that Portsmouth never falls back into the financial black-hole of administration again. Our aim and commitment of capital is to put in place the foundations which are so desperately needed at our club. Our main objectives are:

 

· To make the club run on a sound financial base with realistic targets and objectives

 

· To ensure the Club is never put in this position again.

 

· To maintain ownership and rebuild the infrastructure of the club based on strong financial foundations – including our own training ground, a stadium fit for the future, and an academy to furnish our club with home-grown talent.

 

· To restore the community pride in Portsmouth Football Club – locally and nationally (Good luck with that!!)

 

Balram Chainrai concluded by saying, "Portpin aims to successfully finalise its discussions with The Football League and PKF without delay so that the club can exit administration and move forwards as soon as possible. Under our ownership we intend to demonstrate the same heartfelt passion and support for the club that has been shown throughout by Michael Appleton, the players, the employees and all of the loyal fans of Portsmouth FC.’’

 

So there you have it.

 

The club will be funded going forward by Portpin giving them a Bank Overdraft.

 

Portpin won't take any money out of the PP's, which in English means The club will of course use the PP's to pay Loan Shark rates of Interest to Chinnybank LLC of The Cayman Islands.

 

No doubt the "Deal" includes Chinnybank ensuring the club uses the overdraft to buy all the other bits of land.

 

Perfect. It will take 2 years this time, Chinny will get all the eggs back into one basket and then surprisingly the club will not be paying the interest on time when the PP's run out and Admin 4 pops the club and the surrounding land into Tesco's pocket and Chinny does get his money back

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So there you have it.

 

The club will be funded going forward by Portpin giving them a Bank Overdraft.

 

Portpin won't take any money out of the PP's, which in English means The club will of course use the PP's to pay Loan Shark rates of Interest to Chinnybank LLC of The Cayman Islands.

 

No doubt the "Deal" includes Chinnybank ensuring the club uses the overdraft to buy all the other bits of land.

 

Perfect. It will take 2 years this time, Chinny will get all the eggs back into one basket and then surprisingly the club will not be paying the interest on time when the PP's run out and Admin 4 pops the club and the surrounding land into Tesco's pocket and Chinny does get his money back

 

So do you think there's a few more pages to run here then?

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Given that every single penny of parachute payments (and more) will be needed in the football creditors are to be paid, it's easy for Chinny to say that they won't be taken out of the club but will be used to fund the business.

 

And I agree with DP above - looks like Chinny is agreeing to the FL demands that only a portion of his secured debt is transferred following his purchase. Instead, he's just going to let them rack up a whole new bunch of debt to him in the form of this "overdraft".

 

Nice move, Mr Chinny.

 

I am secured, I will get my money back.

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Oh, and if Portpin really have agreed to all the FL conditions, it's good news for the children of Portsmouth - they will get their presents this Christmas after all. Parents will be breathing sighs of relief at not having to make good on their "pledges" to the Trust.

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nice one Phil, well spotted.

 

So over the next couple of years pompey pay Chinny back his meagre £5M of carried forward debt.

They use the club overdraft to do this, thus creating a further £5M debt to Chinny.

He doubles the FL debt limit, and the interest ticks along at whatever rate he plucks out of the air.

 

If they buy the extra land in the same way and bring it all together in a simple to sell package, Chinny has his £18M - with full approval from the FL.

 

The only thing that can go wrong is the club fails to generate enough income to meet the most modest of payments and he has to cut costs and asset strip to the bone.

A further relegation and attendance drop could leave Chinny exposed to more losses.

 

Just like loan sharks everywhere, he loves taking risks, and he's all heart.

 

 

Though as Nutjobs who look for conspiracy theories at every turn, we could have it all wrong.

Maybe this time he really is falling in love with the club.

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BC is pulling the wool over the FL's eyes, not that it takes much! That statement was brilliantly put together by a PR company, telling the Pompey hoards (!) how great they are etc etc and not to be scared of the big bad wolf. It also alludes to the fact that they will not be spending much on the squad, so how he will put a team out that competes on a low budget and still keep the 'loyal fans' turning up is a bit of a trick

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