Jump to content

Recommended Posts

From Micah Hall:

 

Belbin the how began putting their money in on October 18th and stopped on Jan 7th. PKF released the players THEY SIGNED and brought the club back to break even. They did so because they were talking to portpin about another bid - hence the adjournments.

 

PST bid is on the table - money in escrow. And now mr Harris wants to ram to the trust about us using that money to help fund his lease scheme - so can we use fans money to pay Chainrai an uneconomic rent so he can own the stadium and Harris can own the club? Think the word is NO.

Link to post
Share on other sites

7 February 2013: Trevor Birch, PKF partner and joint administrator of Portsmouth Football Club (2010) Ltd, said:

 

“We can confirm that we have received another offer for Portsmouth Football Club. This offer has been made by Keith Harris, a former chairman of the Football League, together with Pascal Najadi, deputy chairman of the investment bank AIAK Group, and Alan Hitchins, a professional investor. Keith Harris has indicated that he would like to meet with the PST to discuss a stakeholding and participation in the club going forward.

 

“We believe this offer is worthy of consideration and could be completed without the need for a court case.

 

“As officers of the Court, the administrators are charged with securing the best return for all creditors and therefore have to consider the offer.

 

“We will need to discuss the terms of the deal with the PFA and the Football League, and also plan to consult the Creditors’ Committee as a matter of urgency.

 

“This has been a complex administration and we are doing all we can to resolve the situation as quickly as possible. We will provide an update as soon as we have further news.”

Link to post
Share on other sites
@NabilHassan79: The PST respond to PKF statement by saying they have "increased its bid for Fratton Park to make our package even more attractive." #pompey

 

But if the others offer more then surely pkf are duty bound to accept or they will get sued? As well as sued about the floating charge that was missed. If they go with Harris though then all this just goes away...

Link to post
Share on other sites
@NabilHassan79: The PST respond to PKF statement by saying they have "increased its bid for Fratton Park to make our package even more attractive." #pompey

 

Wow, and there was me thinking they were confident their valuation of FP was fair and reflected market rate.

Link to post
Share on other sites
@NabilHassan79: The PST respond to PKF statement by saying they have "increased its bid for Fratton Park to make our package even more attractive." #pompey

 

So if this new bid comes to nothing and pkf continue with the court case how on earth are they going to convince a judge that their valuation is fair if they are prepared to offer more this time. You can just see Farmery and his mates stomping around like little children ' it's not fair, I want a club to play with, make them go away Trev"

Link to post
Share on other sites
PST must have spent a busy morning on the phone - wonga, ocean finance etc

 

Probably the HNW suckers. If the PST bid goes through they get equity for what they have put in, if the other bid wins I suspect they will get diddly squat.

Link to post
Share on other sites

I suspect PKF can't believe their luck. They've been running scared of Chinny for a couple of months now, so a new bid that satisfies his remit as administrator to get the best deal for the creditors tied with Chinny pulling all legal action if it goes through must be like manna from heaven. At this point I don't think for one minute they care about the long term future of PFC.

Link to post
Share on other sites

@NabilHassan79: Worth noting Stuart Robinson has not yet bought Fratton Park land, only exchanged contracts, expected to complete deal by mid Feb. #pompey

 

@NabilHassan79: @mattslaterbbc He has put down a sizeable non-refundable deposit of several hundred thousands pounds though so not expected to pull out.

Edited by trousers
Link to post
Share on other sites
From Micah Hall:

 

PST bid is on the table - money in escrow. And now mr Harris wants to ram to the trust about us using that money to help fund his lease scheme - so can we use fans money to pay Chainrai an uneconomic rent so he can own the stadium and Harris can own the club? Think the word is NO.

 

Then you'd better start refunding those pledges...

Link to post
Share on other sites
@NabilHassan79: Creditors of #pompey are meeting today to approve/discuss Harris bid, while Football League are also expected to meet today to ratify deal.

 

++++ me, the FL are meeting today to ratify the deal? Someone is moving pretty sharpish. As someone has said I think this is Trevor's way of wriggling off a nasty hook. He has stitched Farmery and his merrie men big time! The PST and HNW must be livid.

Link to post
Share on other sites
++++ me, the FL are meeting today to ratify the deal? Someone is moving pretty sharpish. As someone has said I think this is Trevor's way of wriggling off a nasty hook. He has stitched Farmery and his merrie men big time! The PST and HNW must be livid.

 

Especially the HNWs. At least the trust will get most of their money back eventually.

 

These gullible HNWs on the other hand have arpparently spent several hundred thousand thinking they were about to become chairman/directors and heroes of Dr Moreau's island, but in fact just to pay some useless mercenary footballers for a few months, to allow Harris to come in and use future gate receipts etc to pay chainrai off via rent, whilst they disappear back into obscurity.

Link to post
Share on other sites

whoops.

 

 

 

HNWIs are now in too deep, some of them must have put so much in that they have to continue, or lose the lot.

I hope they like playing poker with a ruthless loan shark.

 

 

And there was us thinking that Chinny had walked away from his money....

 

 

What happens next?

The Trust continues to bid money it cannot afford, or steps back and looks to do a deal with the Orville consortium.

If Chinny is pulling these strings then he is shoving Robinson out of the box seat and taking his place as the property developing landlord partner - whilst firming up his valuation for the court.

 

 

 

 

Ten Chanrai Things You Should Never Do.

1. Cross him.

2. Borrow money off him.

3. Abuse his brother.

4. Underestimate him.

5. Play poker with him.

6. Get involved with him in a court case.

7. Shake his hand and expect to see your watch again.

8. Think he has your best interests at heart.

9. Be fooled by the scarf.

10. Ask his pet Administrator for an autograph.

Link to post
Share on other sites
++++ me, the FL are meeting today to ratify the deal? Someone is moving pretty sharpish. As someone has said I think this is Trevor's way of wriggling off a nasty hook. He has stitched Farmery and his merrie men big time! The PST and HNW must be livid.

 

Especially the HNWs. At least the trust will get most of their money back eventually.

 

These gullible HNWs on the other hand have arpparently spent several hundred thousand thinking they were about to become chairman/directors and heroes of Dr Moreau's island, but in fact just to pay some useless mercenary footballers for a few months, to allow Harris to come in and use future gate receipts etc to pay chainrai off via rent, whilst they disappear back into obscurity.

 

This is shaping up nicely, and we are in the box seats popcorn.gifpopcorn.gifpopcorn.gif

Link to post
Share on other sites

Once again I take immense joy in explaining to colleagues, friends, family and total strangers of the twists and turns of this epic saga....

 

Obviously I take a lot of pleasure in it being the Skates that are involved in this, but that has now become secondary in how I view this all. The fact that hundreds of businesses, run perfectly well but struggling under the weight of the current economic climate have failed - excepted that it wasn't meant to be/pay off who they can and put their hands up and said 'sorry, we just can't go on like this'. I hope many of these people will dust themselves off and try again, maybe learning from their mistakes and building a successful business next time around.

 

However the barstewards down the road have cheated and lied, not paid a single penny of the £120,000,000+ owed to creditors and all the while whinged and moaned about it being unfair!

 

They don't deserve any sympathy, they don't deserve any help - they should rot and die, but only after Saints get one more opportunity to beat them, humilating them and for one last time show why our club, despite our occasional problems, is a beacon of light in comparison to the Skates and their dirty insignificant existance.

Link to post
Share on other sites

Vukasin Poleksic, the Montenegrin goalkeeper, 30, banned for two years for failing to report a phone call from a criminal gang asking him to help fix Debrecen's Champions League matches against Liverpool and Fiorentina in 2009, has revealed he could have joined Portsmouth in 2007.

 

A player who would later be banned for being corrupt, could only be previously linked to one club...

Link to post
Share on other sites

From the PST:

 

PST can assure its supporters that its bid to buy Portsmouth Football Club is fully funded, ready to go and offers the best option for the creditors and for the long-term security of the club.

 

In addition PST can reveal we increased its bid for Fratton Park earlier this week to make our package even more attractive.

 

Our bid has the backing of several thousand Pompey fans, who have supported us by pledging to buy community shares, either individually or in syndicates.

 

In addition our partner high net worth investors have kept the club alive by underwriting any trading losses of the club through the autumn.

 

We have also been finalising negotiations with our property partner over access and parking to the stadium, once we takeover.

 

We have the backing of our local MPs increasesnd Portsmouth City Council. At a national level, the Department of Culture Media and Sport has recognised the merit of our bid and we have also been supported in the House of Commons by a Government Minister.

 

Supporters Direct are also fully behind our attempt to once and for all draw a line under the past problems at the club.

 

We have been made aware of a rival bid, but at the moment there is precious little detail about it.

 

It is imperative that there is full disclosure about the funding and terms of any other bid for the club.

 

As a trust we have been transparent about how our bid has been funded and structured. Fans and the wider football family and our community stakeholders can be assured we have the best interests of Portsmouth FC at heart.

 

We look forward to taking our bid forward in the very near future.

 

lolicious!!

Link to post
Share on other sites
×
×
  • Create New...

Important Information

View Terms of service (Terms of Use) and Privacy Policy (Privacy Policy) and Forum Guidelines ({Guidelines})