trousers Posted 6 February, 2013 Share Posted 6 February, 2013 Surely not 'I'm a photocopier salesman by trade' Jackson. I wonder what happened to him and that tool Saint David? :-) Link to comment Share on other sites More sharing options...
so22saint Posted 6 February, 2013 Share Posted 6 February, 2013 ibase has yet to file any accounts - please let them get involved Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 6 February, 2013 Share Posted 6 February, 2013 As Orville used to say: "they're all laughing at me". Link to comment Share on other sites More sharing options...
Waterside.saint Posted 6 February, 2013 Share Posted 6 February, 2013 As Orville used to say: "they're all laughing at me". Once you've been had by Keith Harris and been seen to tolerate his taking of personal liberties with you in public, its hard to maintain a dignified posture Link to comment Share on other sites More sharing options...
trousers Posted 6 February, 2013 Share Posted 6 February, 2013 So....Phil was right all along...? Link to comment Share on other sites More sharing options...
TopGun Posted 7 February, 2013 Share Posted 7 February, 2013 Surely not 'I'm a photocopier salesman by trade' Jackson. I wonder what happened to him and ?that tool Saint David that tool Saint David... I'd forgotten about him. He was a classic. Link to comment Share on other sites More sharing options...
SaintBobby Posted 7 February, 2013 Share Posted 7 February, 2013 I wish I could fly high up the leagues, but I can't You can I can't. Link to comment Share on other sites More sharing options...
Brizzie Saints Posted 7 February, 2013 Share Posted 7 February, 2013 I say bring back "Dell Boy" the Leather Jacket man, at least he was creditable Link to comment Share on other sites More sharing options...
SaintBobby Posted 7 February, 2013 Share Posted 7 February, 2013 The Pompey Trust website http://www.pompeytrust.com/ still has as one of their "NEWS HEADLINES" stories, the tale of a teenage boy who did a sponsored cycle ride to raise £1,150. In May 2012. Yep. That really is one of their selected top 5 stories. It's beneath pathetic. Link to comment Share on other sites More sharing options...
St Jim Posted 7 February, 2013 Share Posted 7 February, 2013 Would think this could have a significant impact on the perceived value of Fratton Park. How appropriate the popcorn is held in red and white stiped boxes Link to comment Share on other sites More sharing options...
St Jim Posted 7 February, 2013 Share Posted 7 February, 2013 (edited) ''I am sercure' date=' I will get my money back''[/quote'] Edited 7 February, 2013 by St Jim Link to comment Share on other sites More sharing options...
dubai_phil Posted 7 February, 2013 Share Posted 7 February, 2013 (edited) They were indeed retained by Saints and from memory only bought SISU to the taable. The bid at end claiming to offer more than Markus and threatening legal action was something to do with (I think) marc jackson They were involved in a bid just before we went into Admin. The buyer did not prove funds in an acceptable manner at the time and tried to make a late comeback. MJ did not have any involvement (in that project) & certainly did not threaten any legal action after the Pinnacle Exclusivity came to an end. HTH Oh and a buyer has emerged. Well that is a surprise. Think this is a good day to bugger off to Abu Dhabi & play golf (Just checking out the Yas Island facilities for future TSW vacationers) Edited 7 February, 2013 by dubai_phil Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 Penny's fairminded defence of the PST bid continues, apparently her greatest concern is to protect the creditors http://www.portsmouth.co.uk/sport/pompey/city-financier-in-pompey-takeover-bid-reports-1-4760962 "So I would ask the administrator to take a more long-term view and consider what is the best bid for the club and to see creditors are going to be dealt with fairly." Link to comment Share on other sites More sharing options...
pedg Posted 7 February, 2013 Share Posted 7 February, 2013 http://news.sky.com/story/1048595/city-financier-harris-kicks-off-pompey-bid I have learnt that Mr Harris, whose stockbroking firm Seymour Pierce is itself fighting for survival, is working with a team of experienced football executives including Steve Hamer, a former chairman of Swansea City, and John Redgate, an ex-Portsmouth finance director, on a possible deal. It was unclear on Wednesday night who Mr Harris's financial backers are. People close to the situation said that if his bid was successful, Mr Harris would be installed as Portsmouth's chairman. Link to comment Share on other sites More sharing options...
Torres Posted 7 February, 2013 Share Posted 7 February, 2013 Penny's fairminded defence of the PST bid continues, apparently her greatest concern is to protect the creditors http://www.portsmouth.co.uk/sport/pompey/city-financier-in-pompey-takeover-bid-reports-1-4760962 "So I would ask the administrator to take a more long-term view and consider what is the best bid for the club and to see creditors are going to be dealt with fairly." I have just choked on my own teeth. Link to comment Share on other sites More sharing options...
sidthesquid Posted 7 February, 2013 Share Posted 7 February, 2013 From the Snooze comments - quite interesting nagoyablue 7:36 AM on 07/02/2013 Okay - remember back in December when the original 2-day hearing to determine the value of Fratton Park was adjourned? Remember Portpin mentioning the floating element of the charge over PFC 2010 Ltd had been forgotten by PKF? This is important. You also have to take into account the litigious nature of those that make up Portpin. They spend lot of time in court having arguments, its a second home for them. So PKF and the Trust have a deal agreed to purchase Portsmouth Football Club & Fratton Park. There's a fixed price that the PST will pay. So they go to the court to have the charge lifted from Fratton Park enabling the Trust to own the club and ground without any attachment from Portpin. Unfortunately, while the court case would enable the Trust to be free of Portpin, the floating charge still applies to PFC 2010 Ltd that PKF are responsible for. Now the fixed price the PST will pay will cover the CVA, PKF's fees and Portpin's compensation for the ground sale. What it won't necessarily do is cover the value of the floating charge as well (this is dependant on there not being a significant difference between what the PST have agreed to pay for Fratton Park and what the Judge decides the valuation should be in fairness to Portpin) so you have potentially around £1.5m that needs to be found out of the fixed price that been agreed. The only obvious point in order to maintain a CVA is PKF fees (capped at £2.5m). PKF have spent a lot of money on specialist legal advice and other items from equally expensive London firms so a long drawn out legal battle with Portpin over the floating charge element could leave them significantly out of pocket. Portpin, being the litigious creatures that they are, have been placing all sorts of pressure on PKF making their underwriters run away and hide in darken rooms. If PKF bite the bullet and sell to the Trust, they still have to deal with Portpin afterwards and accept the risks involved in that. If the business goes into liquidation, there is significant reputation damage caused and potential legal action from the HNWI of the Trust. Nobody else but a Portpin Trojan horse would touch PFC because of the problems involved (i.e. Portpin). Portpin have agreed to wave all action against PKF if the Harris bid is successful Suzie MacAggnan (sp) works for Keith Harris. Funnily enough she used to work for Portpin. Apparently she likes to also talk on the phone to the fan in the stand. Who leaked the story to Sky. Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 From the Snooze comments - quite interesting nagoyablue 7:36 AM on 07/02/2013 Okay - remember back in December when the original 2-day hearing to determine the value of Fratton Park was adjourned? Remember Portpin mentioning the floating element of the charge over PFC 2010 Ltd had been forgotten by PKF? This is important. You also have to take into account the litigious nature of those that make up Portpin. They spend lot of time in court having arguments, its a second home for them. So PKF and the Trust have a deal agreed to purchase Portsmouth Football Club & Fratton Park. There's a fixed price that the PST will pay. So they go to the court to have the charge lifted from Fratton Park enabling the Trust to own the club and ground without any attachment from Portpin. Unfortunately, while the court case would enable the Trust to be free of Portpin, the floating charge still applies to PFC 2010 Ltd that PKF are responsible for. Now the fixed price the PST will pay will cover the CVA, PKF's fees and Portpin's compensation for the ground sale. What it won't necessarily do is cover the value of the floating charge as well (this is dependant on there not being a significant difference between what the PST have agreed to pay for Fratton Park and what the Judge decides the valuation should be in fairness to Portpin) so you have potentially around £1.5m that needs to be found out of the fixed price that been agreed. The only obvious point in order to maintain a CVA is PKF fees (capped at £2.5m). PKF have spent a lot of money on specialist legal advice and other items from equally expensive London firms so a long drawn out legal battle with Portpin over the floating charge element could leave them significantly out of pocket. Portpin, being the litigious creatures that they are, have been placing all sorts of pressure on PKF making their underwriters run away and hide in darken rooms. If PKF bite the bullet and sell to the Trust, they still have to deal with Portpin afterwards and accept the risks involved in that. If the business goes into liquidation, there is significant reputation damage caused and potential legal action from the HNWI of the Trust. Nobody else but a Portpin Trojan horse would touch PFC because of the problems involved (i.e. Portpin). Portpin have agreed to wave all action against PKF if the Harris bid is successful Suzie MacAggnan (sp) works for Keith Harris. Funnily enough she used to work for Portpin. Apparently she likes to also talk on the phone to the fan in the stand. Who leaked the story to Sky. :suspicious: Link to comment Share on other sites More sharing options...
hypochondriac Posted 7 February, 2013 Share Posted 7 February, 2013 Already posted by myself above... Link to comment Share on other sites More sharing options...
Torres Posted 7 February, 2013 Share Posted 7 February, 2013 This from my favourite Skate Spaz on twitter: Olly Birch @ollybirchpfc Portpin are blackmailing PKF into accepting their preferred bid from Harris FACT Probably true Olly. Funny, isn't it? Link to comment Share on other sites More sharing options...
Torres Posted 7 February, 2013 Share Posted 7 February, 2013 Lots of questions about whether Orville's bid has any money behind it and they're missing the point - if they have money and they're serious then they'll blow the PST bid out of the water and if they don't, Chinny will still use the bid in court to ensure he sets the price he wants for Fatpipes Park. Either way, the PST are sinking fast. Link to comment Share on other sites More sharing options...
pedg Posted 7 February, 2013 Share Posted 7 February, 2013 Do we know if the loan from the council that appears to be central to the PST bid is still dependant on them being the only party? I was for the original loan but I thought it had changed into a more short term loan to buy fatpipes so maybe that condition has changed? Link to comment Share on other sites More sharing options...
Torres Posted 7 February, 2013 Share Posted 7 February, 2013 The original loan was also dependant on the PL agreeing to pay PPs direct to the council to repay the loan should the PST fail to do so. That wasn't possible yet the loan still appears to be on offer, so the terms have clearly changed. I don't think the new terms have been published. Link to comment Share on other sites More sharing options...
Torres Posted 7 February, 2013 Share Posted 7 February, 2013 BTW - plenty of people now threatening to boycott Fatpipes Park if Orville's 'bid' is successful. The question is, would anyone notice? Link to comment Share on other sites More sharing options...
pedg Posted 7 February, 2013 Share Posted 7 February, 2013 BTW - plenty of people now threatening to boycott Fatpipes Park if Orville's 'bid' is successful. The question is, would anyone notice? So can expect lots of moans from them about how the official attendance includes season ticket holders even if they don't go and that it does not show the correct attendance? Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @NabilHassan79: Updated @BBCSport story on Keith Harris' #pompey takeover bid, including full reaction from the PST to the news: http://t.co/sFibivdO Link to comment Share on other sites More sharing options...
Wurzel Posted 7 February, 2013 Share Posted 7 February, 2013 BREAKING NEWS : Residents of Portsea Island awake to discover large wooden horse outside derelict stadium Link to comment Share on other sites More sharing options...
fanimal Posted 7 February, 2013 Share Posted 7 February, 2013 Did anyone catch the Solent version at 720 this morning? I was also told on Monday night by a PFC employee that a new 'bid' was happening. Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 The original loan was also dependant on the PL agreeing to pay PPs direct to the council to repay the loan should the PST fail to do so. That wasn't possible yet the loan still appears to be on offer, so the terms have clearly changed. I don't think the new terms have been published. This. The council would have to go public on changing the conditions, and it hasn't. So both the 'no other bid' and 'PPs direct to us' conditions must still apply Yet the trust keep saying their finances are sorted. Yeah, right. Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 Surely, the most sensible option for the Trust and Pompey fans now is to say to Chainrai & co....."ok, Fratton Park is all yours...but you won't have a football club to play there as we're taking the heart and soul of the club with us and creating a phoenix club in the lower leagues..... enjoy the empty stadium....bye" No? Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 "As a creditor we remain agnostic about the source of the solution and welcome an approach from any credible group that might finally lead to the club coming out of administration," added the Portpin source What a curious use of the word 'agnostic'. I know Shankly said football was more important than religion, but even so. Link to comment Share on other sites More sharing options...
Ken Tone Posted 7 February, 2013 Share Posted 7 February, 2013 Surely, the most sensible option for the Trust and Pompey fans now is to say to Chainrai & co....."ok, Fratton Park is all yours...but you won't have a football club to play there as we're taking the heart and soul of the club with us and creating a phoenix club in the lower leagues..... enjoy the empty stadium....bye" No? Isn't that what chainrai wants? Best option is someone gives him £18 million , at once or over a period of years on a 'hire purchase' arangement, but not likely. Second best option, he gets Fratton and sells it for development for as much as he can ...with no football club as tenant and therefore no planning constraint. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 7 February, 2013 Share Posted 7 February, 2013 "As a creditor we remain agnostic about the source of the solution and welcome an approach from any credible group that might finally lead to the club coming out of administration," added the Portpin source What a curious use of the word 'agnostic'. I know Shankly said football was more important than religion, but even so. It got screwed in translation ...... they meant to say " OBNOXIOUS " Link to comment Share on other sites More sharing options...
Big Bad Bob Posted 7 February, 2013 Share Posted 7 February, 2013 "As a creditor we remain agnostic about the source of the solution and welcome an approach from any credible group that might finally lead to the club coming out of administration," added the Portpin source What a curious use of the word 'agnostic'. I know Shankly said football was more important than religion, but even so. http://www.thefreedictionary.com/agnostic 2. One who is doubtful or noncommittal about something. Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 Isn't that what chainrai wants? Best option is someone gives him £18 million , at once or over a period of years on a 'hire purchase' arangement, but not likely. Second best option, he gets Fratton and sells it for development for as much as he can ...with no football club as tenant and therefore no planning constraint. Yes, if "the fans" decided to start up a new club it would have the effect of giving Chainrai what he wants....but....surely both sides getting what they ultimately want (the fans get to support a Portsmouth football club that is free from the shackles of Chainrai and Chainrai gets his money back) is better than yet another botched compromise? Ok, I know "the fans" want their cake and to eat it (a shackle free club AND based at FP with preserved league status) but surely they've now got to see what we've known all along - that the ONLY way they can truly break free is to start up again from scratch...? Link to comment Share on other sites More sharing options...
Gemmel Posted 7 February, 2013 Share Posted 7 February, 2013 Surely, the most sensible option for the Trust and Pompey fans now is to say to Chainrai & co....."ok, Fratton Park is all yours...but you won't have a football club to play there as we're taking the heart and soul of the club with us and creating a phoenix club in the lower leagues..... enjoy the empty stadium....bye" No? It is exactly this. But it won't happen. With the debt spread so thinly now, there was always the chance of another buyer coming along. It just happens that not only does it seem this lot have connections to Chanrai, it also helps Chanrai in court. Hutch made a statement on here BEFORE the last adjournment, saying he didn't expect it to ever go back to court...... There is a very good chance he was right. Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 @mickwill: PST bid offers guaranteed payment to creditors, £3M to Portpin for ground, best future for PFC & the community. We're ready to go!! #Pompey. Haven't they been "ready to go" for months now...? Link to comment Share on other sites More sharing options...
Saint Garrett Posted 7 February, 2013 Share Posted 7 February, 2013 So, I can't be arsed to go through this thread. Whats the latest with them? Are they any closer to getting out of Administration? And what happens when they come out, will they lose 10 points? 25? 30? Will this come into play this season or next if they were relegated...just like in our case. The cut off date must be coming up soon... Link to comment Share on other sites More sharing options...
eurosaint Posted 7 February, 2013 Share Posted 7 February, 2013 I wonder if Robinson has finalised his deal for the car park land ? If he has then he can hold the club to ransom over access, if he has not then he has lost out big time on surveys, legal fees etc.. Along with the other HNW's he will not be a very happy bunny if the Orville deal goes through......... I think it was Gemmell who said he was getting a bit bored with the thread, it's gathering a bit more steam now, eh ?? :) Link to comment Share on other sites More sharing options...
Torres Posted 7 February, 2013 Share Posted 7 February, 2013 @mickwill: PST bid offers guaranteed payment to creditors, £3M to Portpin for ground, best future for PFC & the community. We're ready to go!! #Pompey. Haven't they been "ready to go" for months now...? And yet every time the court case is adjourned they say The Pompey Supporters' Trust welcomes the news that the court case, scheduled for tomorrow, has been adjourned as it allows its bid to buy the club more time to be completed even though the bid is "ready". I'm confused. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 7 February, 2013 Author Share Posted 7 February, 2013 So, I can't be arsed to go through this thread. Whats the latest with them? Are they any closer to getting out of Administration? And what happens when they come out, will they lose 10 points? 25? 30? Will this come into play this season or next if they were relegated...just like in our case. The cut off date must be coming up soon... Sorry that's not how this thread works - you gotta to be arsed to get the full pleasure of this unfolding disaster. Now go back to page one and come back when you are full up to speed Link to comment Share on other sites More sharing options...
Saint Garrett Posted 7 February, 2013 Share Posted 7 February, 2013 Sorry that's not how this thread works - you gotta to be arsed to get the full pleasure of this unfolding disaster. Now go back to page one and come back when you are full up to speed I'll should make it back by the end of the season !!! Link to comment Share on other sites More sharing options...
andysstuff Posted 7 February, 2013 Share Posted 7 February, 2013 Major infighting on The Snooze site today. Lovely to watch. Link to comment Share on other sites More sharing options...
Waterside.saint Posted 7 February, 2013 Share Posted 7 February, 2013 Major infighting on The Snooze site today. Lovely to watch. Scumstomper2 10:10 AM on 07/02/2013 There is no smoke without fire. Those who knocked the Trust doubters as to the fact that there would not be any potential alternatives, aggressivley dismissing such thoughts or hopes, may have to take a deep breath....It really isn't a surprise there may be competition surely? Look at us, the club the history. Who wouldn't want a part of it, eh??? Just a case of critical timing. The next couple of months, I feel, are going to be very intersting. PLAY UP POMPEY Exactly. Just look at you Link to comment Share on other sites More sharing options...
warsash saint Posted 7 February, 2013 Share Posted 7 February, 2013 I'll should make it back by the end of the season !!! But will the Skates still be around be then ? Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 I'll should make it back by the end of the season !!! I think their false optimism is starting to rub off on you... Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 (edited) @solentsport: PKF confirm new bidder for #pompey. Keith Harris joined by Pascal Najadi - deputy chairman of AIAK Bank - and investor Alan Hitchins @NabilHassan79: BREAKING PKF: "As officers of the Court, the administrators are charged with securing the best return for all creditors." #pompey @NabilHassan79: PKF: "We need to discuss the terms of the deal with the PFA and Football League, and plan to consult the Creditors' Committee urgently." @PKF_UK: PKF confirms another offer has been made for Portsmouth Football Club - http://t.co/O1RGEYDy Edited 7 February, 2013 by trousers Link to comment Share on other sites More sharing options...
Gemmel Posted 7 February, 2013 Share Posted 7 February, 2013 Nabil Hassan @NabilHassan79 BREAKING PKF: "We believe this offer is worthy of consideration and could be completed without the need for a court case." #pompey Link to comment Share on other sites More sharing options...
Sevvy Posted 7 February, 2013 Share Posted 7 February, 2013 http://www.newsnow.co.uk/A/628162056?-11209:804 Its official PKF have announced the other bid Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 http://www.zoominfo.com/#!search/profile/person?personId=1124566722&targetid=profile Pascal Najadi is the Deputy Chairman and Deputy CEO of theAIAK Group, Malaysia. He is a former Director of Kleinwort Benson Ltd. responsible for Central Europe, Central Asia, Africa and the Middle East for Capital Markets business development. Prior to this he was Vice President of Merrill Lynch Intl. & Co., London, running the operation for Central European Debt Origination. He has been in investment banking since 1988, commencing his career at UBS in Zurich. In the Aerospace sector he was a Senior Advisor to Bombardier Aerospace for Vietnam for 2007. Mr. Najadi holds C and VSH degrees in Economics from the Rosenberg College, St. Gallen, Switzerland. As a Swiss National he has completed several military courses within the Swiss Air Force and Air Defence. Link to comment Share on other sites More sharing options...
trousers Posted 7 February, 2013 Share Posted 7 February, 2013 http://www.aiakswiss.com/ AIAK Group, consisting of AIAK Capital Ltd, Labuan (F.T.) Malaysia, and AIAK Malaysia Sdn Bhd, Kuala Lumpur, Malaysia, has over three decades of investment banking history in Malaysia, the Middle East, Europe and Asia-Pacific.AIAK (Arab Investments for Asia Kuwait Limited) founded, some forty years ago first in Kuwait, and later the firm was transferred) in 1975 by Hussain Najadi, it was the first Arabian Gulf State linked Merchant Banking holding in Malaysia via the Arab Malaysian Development Bank. Now renamed as AmBank Group, it is Malaysia's fifth largest bank, publicly listed on the Kuala Lumpur Stock Exchange since 1981.Today the AIAK Group is specializing on cross border corporate finance and M&A advisory services for Asia-Pacific, the Middle East and Europe Link to comment Share on other sites More sharing options...
Recommended Posts