Jump to content

Recommended Posts

Yeh I don't get this, the court case is to set the agreed value of Fratton park and to see if PKF can force the sale of it without Chinny agreeing to the sale price isn't it?

 

 

I think the court case has 2 questions to determine : (1) what is a 'fair' price for fatpipes ?, and (2) can the preferred bidder afford it ? It would be lax of the court to say that the selling price should be fixed at £3Mill if the PST can't meet that, ( despite being 'fully funded' ). It seems that without the PFA's agreement to further deferral, the PST cannot pay the 'fair' price.

Link to post
Share on other sites
200px-Pukka_Pies_normal.jpgAdam Blackmore ‏@bigadamsport

For those criticising my belief that footballers should be paid no more than other creditors, stop being one-eyed about it - it's about more than inter-club rivalry; people's livelihood's have and are being lost - people who can't afford to do a deal, like well-off players

 

 

Can someone remind big adam that no-one is standing up and saying 'those poor footballers', they are infuriated that not only have 'good ol' pompey' not paid any money owed to any creditor (despite the heavily reduced sums) through two admins, and they continued to not only 'pay' transfer fees they couldn't afford, they are now trying to justify not giving those players the wages they earned during matches to keep them up/down!

 

They bang on forever about the need for fairness and keeping integrity by being 'competitive', but they shaft all creditors to do it, then don't pay up anyway. This is ALWAYS ignored by journalists, broadcasters and political figures, leading the blue few to feel like they are justifed in their whining, which pays their pathetic mewling over being 'punished for the same crime twice' and 'punishing the fans, not the criminals' even more detestable! What they actually mean is they have been given lenient points penalties, which have yet to may any impact on their survival in the instances it has occurred.

 

Bunch of Cunts.

Link to post
Share on other sites

I just cant believe how clueless people are down there, including the local MP.

 

Yes, footballers are rich and most can afford to take a haircut on what they're owed, but that's not the point. The Football creditors rule is there to ensure that clubs don't go round buying players that they cant afford (don't laugh). How many other clubs would do a Pompey if they knew that they only had to pay players X amount in the £ if it all went tits up. If there's no football creditors rule, what's to stop clubs buying players and knocking the selling club? Selling clubs would then be forced into admin, because other clubs had refused to pay. It would be like a house of cards with one clubs admin bringing 5/5 clubs down with it.

Link to post
Share on other sites
I think the court case has 2 questions to determine : (1) what is a 'fair' price for fatpipes ?, and (2) can the preferred bidder afford it ? It would be lax of the court to say that the selling price should be fixed at £3Mill if the PST can't meet that, ( despite being 'fully funded' ). It seems that without the PFA's agreement to further deferral, the PST cannot pay the 'fair' price.

 

I think the case is actually to allow PKF to force Portpin to accept £3 million (now) as payment for its (£18 million) charge over Fratton. So the case cannot go ahead if PKF are not in a position to give Portpin that £3 million within a short time of the decision, and of course PKF are relying on the trust to give them the money as part of the overall sale, so if they haven't got the money to hand, PKF cannot force the issue.

Link to post
Share on other sites
I think the case is actually to allow PKF to force Portpin to accept £3 million (now) as payment for its (£18 million) charge over Fratton. So the case cannot go ahead if PKF are not in a position to give Portpin that £3 million within a short time of the decision, and of course PKF are relying on the trust to give them the money as part of the overall sale, so if they haven't got the money to hand, PKF cannot force the issue.

 

It's like a Sunday Ref trying to give a team time to equalise at the end of a match, but it's looking more like they'll concede at the moment.

Link to post
Share on other sites

Emma Judd ‏@pn_Emma_Judd

Just spoken to Gordon Taylor, chairman of @pfa, and will shortly be updating #pompey story to include his views.

 

Phil Whyte ‏@TheFootyPoet

Nice one @pn_Emma_Judd - quick one liner clue here?

 

Emma Judd ‏@pn_Emma_Judd

Um...@TheFootyPoet...I am upset.

 

oh dear lol

Link to post
Share on other sites

http://www.portsmouth.co.uk/sport/pompey/pompey-court-date-postponed-again-1-4784819

 

Mr Taylor said: ‘I’m quite upset about what’s happened, and it’s quite unfair to be critical of the PFA and the players.

‘The goalposts of the bid have been changed again and where once the players would have been the first to have been paid, they are now the third,

‘We have absolutely no objection to the supporters’ trust.’

Mr Taylor said the postponement would allow the PFA to examine the bid and ensure the players could be kept up to date with when they could expect to get the money owed to them.

He added: ‘Please understand it is not my position, or the PFA’s, to dictate the best buyer for the club.

‘That is a matter for the Football League and the club’s administrators.’

**** of taylor you ****. Shouldnt be getting f*** all, let alone £8m of supporters money, vile little ****

 

Class

Link to post
Share on other sites

http://www.portsmouth.co.uk/sport/pompey/pompey-court-date-postponed-again-1-4784819

King Balu of Fratton

5:05 PM on 13/02/2013

I will sign much players in exchange for my friend Orville taking the Fatty Park over on renting.

I will buy Messy, Runee, Bael, Heart and many more famous player to thrill and excite the bestest of the best paying such nice gate and pie monies.

It is the new era, it is the future, it is Balu your new King. Rejoice.

 

Rejoice indeed :D

Link to post
Share on other sites

Nabil Hassan‏@NabilHassan79

 

BREAKING: PST say in statement they have secured council loan and along with Stuart Robinson can buy Fratton Park from day one. #pompey

 

 

Nabil Hassan‏@NabilHassan79

 

The PST add in their statement they have now raised around £2.5m from fan pledges and are confident of completing deal for #pompey.

Link to post
Share on other sites
The native's are not happy in down town Pompey,

 

Harry Stotle

5:39 PM on 13/02/2013

 

It seems the wheels of Chainrai have been working overtime on this one. Chainrai's links Andronikou and his with Tal Ben Haim's agent are well known so we can surmise that the pot of disquiet has been stirred amongst the ranks of past players to whom monies are owed.

Full marks to Penny for getting the first public strike in. Now it's up to show our fury en masse.

The best I could do with the PFA is the general enquiries email:

info@thepfa.co.uk

However, Gordon Taylor's personal email is likely to be g.taylor@ or gordon.taylor@ or some such like. I will try them all and see which are rejected and will post the success attempts.

Best keep your emails profanity-free.

 

Oh rly? That should work for you :D

Link to post
Share on other sites
Nabil Hassan‏@NabilHassan79

 

BREAKING: PST say in statement they have secured council loan and along with Stuart Robinson can buy Fratton Park from day one. #pompey

 

 

Nabil Hassan‏@NabilHassan79

 

The PST add in their statement they have now raised around £2.5m from fan pledges and are confident of completing deal for #pompey.

 

Actual statement says it's £2.5M in escrow from fan pledges AND individual investors.

 

They're barely covering just the missed £2M even with the HNWs.

 

As for the loan, it's still subject to the same conditions (so not actually handed over yet.)

 

http://www.bbc.co.uk/sport/0/football/21444012

 

Basically, they're in exactly the same position as yesterday, except now they've got the extra hurdle of the PFA to get past.

 

The PST is using more spin than Shane Warne at the moment.

Edited by Jimmy_D
Link to post
Share on other sites
Actual statement says it's £2.5M in escrow from fan pledges AND individual investors.

 

They're barely covering just the missed £2M even with the HNWs.

 

As for the loan, it's still subject to the same conditions (so not actually handed over yet.)

 

http://www.bbc.co.uk/sport/0/football/21444012

 

The HNW's 'pompey dream' is fast becoming something they'll need years of therapy for

Link to post
Share on other sites
Serious answer. Their attedance figures in L2 ought to be enough to comfortably support a L2 club. However , on top of all the normal expenditure, they will have to generate enough gross profit to pay back the loans they are relying on to take over. So if for once they are to be run sustainably, they will have to keep wages low, right down with those paid by the likes of tiny clubs such as Aldershot etc. This should mean they cannot expect to assemble a team that will easily get promotion. So unless they get lucky, apppointing an excellent but cheap manager for example, they will need to make do with being mid-table L2 for several years to come.

 

Once they've paid back the initial loans in say 5 years time, if they've not been tempted to put themselves in hock in some other way by then, they could then start to spend a bit more, and ought to be able to get up to the natural level for a club of their size .... probably yo-yoing between L1 and championship IMO.

 

Cheers. That's if they survive next season in League Two of course... Plenty of teams have been relegated from League One only to struggle the following season. If there's no improvement from their team, they're destined for non-league.

Link to post
Share on other sites

“The Harris bid would have left creditors marginally better off but would not have required court approval. But the Football League have made their statement and we are ploughing on with the PST offer,” he said.

 

That's a quote from Trevor Birch. I thought his job was to do the best deal possible for the creditors. Not the club but the creditors. If that means the club loses its golden share then so be it. How can he justify, therefore, 'ploughing on with the PST' when he has confirmed the Harris deal is bet for creditors?

 

I must be missing something

Link to post
Share on other sites
So on the same day the skate council announce funding cuts of £9M, they also approve a loan to those cheating bastards. Couldn't make it up.

 

£17m according to this.... http://www.portsmouth.co.uk/news/politics/portsmouth-councillors-approve-budget-cuts-of-17m-1-4781897

 

So they're having to cut c.30% of the amount of tax that Pompey failed to pay during two admins. Splendid.

Edited by trousers
Link to post
Share on other sites
“The Harris bid would have left creditors marginally better off but would not have required court approval. But the Football League have made their statement and we are ploughing on with the PST offer,” he said.

 

That's a quote from Trevor Birch. I thought his job was to do the best deal possible for the creditors. Not the club but the creditors. If that means the club loses its golden share then so be it. How can he justify, therefore, 'ploughing on with the PST' when he has confirmed the Harris deal is bet for creditors?

 

I must be missing something

 

I'm guessing Harris wouldn't bother going ahead with the bid without the Golden Share.

Link to post
Share on other sites

Speaking to a Skate supporting colleague today. He does actually have a sensible head that he wears and as a welathy businessman, does have strong links with Trust members.

 

His words to me were; "I've paid my thousand pounds but the Trust hasn't got the money. Birch will only sell to the Trust if they have the money and he's giving them every chance, which is why there have been these adjournments (he was obviously unaware the PFA had caused the latest one).

 

"But I think it's getting close to the end. Birch has asked Ashley Harris if they have the money to go immediately, and Harris told Birch he could not put his hand on his heart and say in all honesty that they have."

 

Make of that what you will.

Link to post
Share on other sites

Meanwhile Joseph Cala is back in town

 

He wants to buy Fatpipe Park and construct a large multi floored building out of wood recycled from the centuries old terracing soon to become available, baseing his design on plans drawn up by that well known saviour of animals and other species, Noah.

 

However, this time, his aim is to save a particular specimen of fish for future generations of Portsea Islanders and honour one of the Pompey greats.

 

The splendid edifice will be known as.. Cala's Multi Storrie Carp Ark...

Link to post
Share on other sites

I also LOVE how they are bigging up penny the belly, for calling for the PM to condemn the PFA for 'promising one thing then doing another'.

 

The fact that the PFA were promised one thing than told another after the agreement was made, seems to have gone over their heads (unlike a sticky bun, she would have reached up to grab that).

Link to post
Share on other sites

The little bit that the media is glossing over -

 

The money needed to pay this debt will be GIVEN to pompey, specifically for this purpose.

But some greedy mismanaging thieving inbreds want to keep it for themselves. :o

 

Unbelievable.

 

F)ck me I'm boring myself now, how many times does this need explaining to the dim of Portsea and beyond?

Or is it the shortfall that worries them?

£8.5M +Kanu to pay but only £8M to come?

 

Meanwhile we have to suffer the mock indignation of Penny Piglet and weirdy beard.

 

I expect it from those two clowns but for Big Adam to take that stance is a surprise, I thought he had a basic grasp of the situation, from his Tweets it appears that he doesn't.

If he really wants to campaign for ALL creditors to have equal rights I fully agree - let's see the Trust cough up £220M to clear all creditors...that would be the fair price to buy the club history.

 

 

Greedy PFA? You are fricking joking?

Yeah, those ba$tard villain players who heroically walked away and allowed the club to survive are now being pressured again, even though the club, ironically, doesn't have to find a penny. :?

 

The Trust are now doing a very good impression of the last few owners, but with less realistic plans.

Living off debt and dodging bills - it's just business as usual.

Link to post
Share on other sites
Not sure how PST can say that PFA members wil get diddly if pompey go into liquidation - I thought the PPs would go traight to PFA in that case anyway?

 

So obvious that for the PST bid to work they need to get the PP payments as cash - to underwrite the Council loan (possibly why coucil solicitor is requiring adjournment as risk has increased if PFA not going to gove up PPs)... in effect using some to buy stadum and some as operating cash with football creditors being paid a reduced amount on a reduced amount for them to survive....

 

Now correct me if I am wrong, but surely whether the football creditors accept less once, twice or 3 times should be irrelevent. The SPIRIT of the rule is they should be paid in FULL. Because those players who turned up at pompey gave them an unfair competitive advantage and would not have turned out for pompey had they known what little worth their contracts were - even if they agree to now acept 40-60% it should make feck all difference, They still benefitted from players who would not have signed under the current compromise. players better than their competition was able to afford and all we hear is this constant frickin bleating about how unfair it all is.... THAT is why I have no sympathy, they simply DO NOT get it - This can only lead to the conclusion that they really ARE ALL thick as shiedt down that way - because its not jsut jingoistic fans, but 'journo's, MPs and councilors... none of whom have demanded that the simple acknowledgemnet, that if they want to come out of this with any integrity, they MUST frst stop trying to constantly get away with not paying anyone.... they have done thsi for the last 5-6 years and look where its got them... how the feck can that fat MP say those things... complete lack of integrity.... fits right in with that crowd donw there.

 

I think if a club is due PPs and is liquidated anything outstanding is divided between the clubs.

Link to post
Share on other sites
Meanwhile Joseph Cala is back in town

 

He wants to buy Fatpipe Park and construct a large multi floored building out of wood recycled from the centuries old terracing soon to become available, baseing his design on plans drawn up by that well known saviour of animals and other species, Noah.

 

However, this time, his aim is to save a particular specimen of fish for future generations of Portsea Islanders and honour one of the Pompey greats.

 

The splendid edifice will be known as.. Cala's Multi Storrie Carp Ark...

 

You clearly have too much time on your hands (but glad to see it wasn't being wasted......)

Link to post
Share on other sites

It won't matter who is in charge down there, they do not expect to need to be able to play by any kind of honour, of rule, or even common decency.

 

All must be subservient to the football club, the tax dodging, cheating, self righteous football club. Vermin, they truly are vermin, regardless of ownership.

 

They will never learn.

Edited by Colinjb
Link to post
Share on other sites
Can someone remind big adam that no-one is standing up and saying 'those poor footballers', they are infuriated that not only have 'good ol' pompey' not paid any money owed to any creditor (despite the heavily reduced sums) through two admins, and they continued to not only 'pay' transfer fees they couldn't afford, they are now trying to justify not giving those players the wages they earned during matches to keep them up/down!

 

They bang on forever about the need for fairness and keeping integrity by being 'competitive', but they shaft all creditors to do it, then don't pay up anyway. This is ALWAYS ignored by journalists, broadcasters and political figures, leading the blue few to feel like they are justifed in their whining, which pays their pathetic mewling over being 'punished for the same crime twice' and 'punishing the fans, not the criminals' even more detestable! What they actually mean is they have been given lenient points penalties, which have yet to may any impact on their survival in the instances it has occurred.

 

Bunch of Cunts.

very good summary IMO
Link to post
Share on other sites
You clearly have too much time on your hands (but glad to see it wasn't being wasted......)

 

Sid,

 

Guilty as charged my friend.

 

Perhaps I am being unfair here but I suspect there may not be too many who have the intellect (as you have) to pick up on this crafted post!!!!.

 

Of course others may throw their collective hands up in horror at such a lame attempt at humour at the expense of our well respected neighbours.

Link to post
Share on other sites

I would have thought that if the administrators job was to get the best deal for the creditors he should have wound them up some time ago when there was not only the asset of the football club, but players to sell and future Pp's. surely that would have left 10-20 m in the pot

Link to post
Share on other sites
The way this is going if they manage to retain the Golden Share they are looking more and more likely to end up in non League, which is the punishment they should have got some time ago anyway. Far more fun watching it this way though. WTFILN
no i think they should go bust and start up has a new club with no history myself.
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})