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Pompey Takeover Saga


Fitzhugh Fella

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So the liability for the clock repair is nothing to do with the new owners, the company that fixed it can jog on. But the clock itself is fundamental to the glorious historic club that is Pompey (see FA Cup 'win') so hand it over. Just eff off you disgusting bunch of knuckle dragging sister bothering retards. I have still yet to meet a Pompey fan with an IQ that exceeds that of a salad bowl. They have all been knobheads. Every last one.

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Bloody funny. They've been led to believe the whole point of getting into bed with a property developer was on the understanding they would get a new and improved Fratton Park as a result

 

And they end up with a food court

 

LOL

 

Im can imagine Mr Chainrai is a teeny bit f*cked off about all this... it was a scam by Robinson all along and he knew it.

 

Fair play to old Robsinson, he has played a good game in siding with the trust and its propaganda machine.. imagine the uproar by factless et al if Chinny tried to sell off all the land in exchange for some new concrete and painted lines with a burger joint dumped on top.

 

If this deal goes through the skates have condemmed themselves to fatpipes for a generation... even if a white night came in with buckets of money, they will be unable to develop the fatpipes... the land is all gone.

 

And fatpipes was used in the court to blackmail the judge, so another location is not on the agenda for the few... ala Moneyfields.

 

This Tesco deal could be the beggining of a whole new era of the pompey takeover saga.

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But none of that article is actually true, is it?

 

Pompey haven't signed any deal with Tesco. And they haven't had any good news from the High Court.

 

The concept of truth seems to be completely alien to anybody connected in any way with the club.

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Im can imagine Mr Chainrai is a teeny bit f*cked off about all this... it was a scam by Robinson all along and he knew it.

 

Fair play to old Robsinson, he has played a good game in siding with the trust and its propaganda machine.. imagine the uproar by factless et al if Chinny tried to sell off all the land in exchange for some new concrete and painted lines with a burger joint dumped on top.

If this deal goes through the skates have condemmed themselves to fatpipes for a generation... even if a white night came in with buckets of money, they will be unable to develop the fatpipes... the land is all gone.

 

And fatpipes was used in the court to blackmail the judge, so another location is not on the agenda for the few... ala Moneyfields.

 

This Tesco deal could be the beggining of a whole new era of the pompey takeover saga.

 

So true!

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Speaking of which, was the court case decision ever published? I seem to recall that the judge said it would be put into the public domain quite quickly...

There was no Court case decision. The Parties settled out of Court.

 

You're falling into the trap of believing the "we beat Chainrai in Court" crap you read in the News.

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Pompey plan Tesco deal

 

http://www.portsmouth.co.uk/sport/pompey/pompey-plan-tesco-deal-1-5228525

 

Mr Robinson is mentioned a lot

 

Pompey chairman Iain McInnes said:‘We are fully behind this scheme. If the development gets planning consent the club will receive substantial financial investment.‘In the short-term, some of that money will enable us to address a back-log of legacy planned maintenance and safety issues with Fratton Park, to ensure it is fully operational next season. 

‘We are also looking at some other improvements to make the match-day experience inside and outside the ground much better, particularly providing more comfortable and befitting facilities for disabled supporters.

‘The majority of the money we receive however will be put into a ring-fenced account to be used to help kick-start our fund for improvements to the stadium. The club is well aware of the need to improve the Stadium’s facilities if we are to fulfil our potential as a club.

‘In the next 12 months we will separately be undertaking a feasibility study to explore ways we can finance a phased re-development of Fratton Park. This is a project of the highest priority for the Board and the fans. 

‘To achieve it will require realistic, measurable timescales, communicated effectively and aggressively pursued. The money we will receive from Point Estates will give us a solid platform for the short term improvements and to begin the search for other sources of funding to finally deliver the improved facilities our fans deserve.’

 

I may have missed it but I can't see anything in that statement about using the money to pay back creditors earlier than planned, or indeed giving them back a bit more of the c.£150m they lost. It's almost as if they want to airbrush recent events from the history books....

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Would it be wrong to each send a letter of objection to the Portsmouth Council Planning Committee stating that there are already enough supermarkets in the area and that the claimed 300 new jobs will be at the expense of independent traders who go bust? That there are concerns about the additional amount of traffic congestion that a new store would cause locally and that the land has not been allocated for retail development?

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Would it be wrong to each send a letter of objection to the Portsmouth Council Planning Committee stating that there are already enough supermarkets in the area and that the claimed 300 new jobs will be at the expense of independent traders who go bust?

 

Local businesses currently make c.£300m per annum from Pompey being in existence so there's still plenty of profit to share around.... ;)

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Would it be wrong to each send a letter of objection to the Portsmouth Council Planning Committee stating that there are already enough supermarkets in the area and that the claimed 300 new jobs will be at the expense of independent traders who go bust? That there are concerns about the additional amount of traffic congestion that a new store would cause locally and that the land has not been allocated for retail development?

 

I would do the opposite. There doesn't seem alot in this deal for PFC. They are going to box their ground in making any future expansion impossible all for the sake of a bit of car parking, disabled facilities and pedestrian access. It would also make the value of FP less should they want to sell it and move in the future.

 

If they are going to do a deal with Tescos they should at least get a whole new stand out of it IMO otherwise it seems pointless.

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I may have missed it but I can't see anything in that statement about using the money to pay back creditors earlier than planned, or indeed giving them back a bit more of the c.£150m they lost. It's almost as if they want to airbrush recent events from the history books....

 

It wasnt their fault moosh, they merely explicitly endorsed it.. nothing of the bad is allowed to stick, only the cup win stays.

 

Funny to see they are already planning to raise more debt to chuck into the crumbling wreck of the fatpipes, its a black hole!

 

Also interesting that champagne iain mentions that they have to clear the back log of planned maintenence and safety issues just so that the fatpipes are "fully operational".

 

Reading between the lines, just a little bit, suggests they are stuggling to get a safety certificate and they hugely underestimated what an abslute sh*thole fatpipes is, and that there £2-300 a week maintenence budget probably needs to increase to around £20k per week.

 

SHALALA

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As a frequent poster on this little thread, as recently as this week, I was going to post, that it was time to close it.

 

Whilst many people have lost out and only 1 point out of the 29 deducted, actually had any impact, their league position and status would suggest "justice" in some small part has been served.

 

But it would seem I was a little premature, not that administration or insolvency beckons (Just yet), but in the sense that "Karma" is still in the game and the vision of a shiny new fat pipes, has in reality, manifested itself as a brand new hot dog stand, with a few coppers chucked in to scrape fat pipes through to being allowed to open.

 

The funny thing is some nut jobs at the time suggested that the property developer was only in it for himself and would be the only winner.............. Bet they are not laughing now.............................................Oh

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I would do the opposite. There doesn't seem alot in this deal for PFC. They are going to box their ground in making any future expansion impossible all for the sake of a bit of car parking, disabled facilities and pedestrian access. It would also make the value of FP less should they want to sell it and move in the future.

 

If they are going to do a deal with Tescos they should at least get a whole new stand out of it IMO otherwise it seems pointless.

 

What the Tescos Value Stand ?

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I've slightly lost the plot on this thread (for the umpteenth time)...

 

So, to recap, when the trust put in a bid for the club last year, Stuart Robinson helped facilitate this by giving (lending?) the trust a sum of money with which to buy out Chainrai. At around the same time Robinson bought the surrounding land.

 

So, the trust bought the club and Robinson struck a deal with Tesco to develop the surrounding land.

 

What I don't get is why all that means Robinson now gives the Trust another chunk of money to improve the ground on the back of the Tesco deal? Is that just some kind of sweetener to get the planning signed off or is he so unconditionally in love with Pompey that he wants to give them cash at every available opportunity?

 

Also, how does this fit in with the court case collapsing in December due to an issue with/from Robinson's REL company?

 

Is it Robinson that has 1 or more charges against the club?

Edited by trousers
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I've slightly lost the plot on this thread (for the umpteenth time)...

 

So, to recap, when the trust put in a bid for the club last year, Stuart Robinson helped facilitate this by giving (lending?) the trust a sum of money with which to buy out Chainrai. At around the same time Robinson bought the surrounding land.

 

So, the trust bought the club and Robinson struck a deal with Tesco to develop the surrounding land.

 

What I don't get is why all that means Robinson now gives the Trust another chunk of money to improve the ground on the back of the Tesco deal? Is that just some kind of sweetener to get the planning signed off or is he so unconditionally in love with Pompey that he wants to give them cash at every available opportunity?

 

Also, how does this fit in with the court case collapsing in December due to an issue with/from Robinson's REL company?

 

Is it Robinson that has 1 or more charges against the club?

 

It'll be within the planning application as an S106 agreement that money will be handed to the club for ground upgrades. Most developers have to pay S106 agreements to community causes / aiding the local economy etc as part of the pay off. In fact Tesco did exactly the same recently in Manchester where they paid a substantial sum to Lancs County Cricket Club to upgrade OT Cricket Ground in order to locate a Tesco Extra store nearby. This is why PFC are talking about the money being "ring-fenced". We'll have to wait to see the details of the planning application when it is submitted to Portsmouth Council.

Edited by TopGun
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So at what point will they decide the 'donation from Tesco/Robinson' is burning a hole in the pocket of the escrow account and sneak it out by a bit of creating accounting to spend on paying over-the-odds wages for a couple of players to boost their promotion chances?

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It'll be within the planning application as an S106 agreement that money will be handed to the club for ground upgrades. Most developers have to pay S106 agreements to community causes / aiding the local economy etc as part of the pay off. In fact Tesco did exactly the same recently in Manchester where they paid a substantial sum to Lancs County Cricket Club to upgrade OT Cricket Ground in order to locate a Tesco Extra store nearby. This is why PFC are talking about the money being "ring-fenced". We'll have to wait to see the details of the planning application when it is submitted to Portsmouth Council.

 

Cheers :)

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So at what point will they decide the 'donation from Tesco/Robinson' is burning a hole in the pocket of the escrow account and sneak it out by a bit of creating accounting to spend on paying over-the-odds wages for a couple of players to boost their promotion chances?

 

+ 1

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So at what point will they decide the 'donation from Tesco/Robinson' is burning a hole in the pocket of the escrow account and sneak it out by a bit of creating accounting to spend on paying over-the-odds wages for a couple of players to boost their promotion chances?

 

A very fair point. You can't see the FL being that competent at overseeing how PFC are meant to manage their money and I'd doubt Portsmouth Council will watch it that hard either.

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Dave Kitson has just signed for Oxford who happen to have pompey first game of the season, came out with this cheeky quote

 

"Oxford is the only League Two club that I considered because at this stage in my career I am looking to be part of a successful promotion campaign."

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Dave Kitson has just signed for Oxford who happen to have pompey first game of the season, came out with this cheeky quote

 

"Oxford is the only League Two club that I considered because at this stage in my career I am looking to be part of a successful promotion campaign."

 

I can't remember, is Kitson one of the players they still owe money too?

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I suggest they return the clock. Not working, of course, perhaps with the hands set at 3 o'clock. Then if the new club want it repaired they can try and find a firm who will do it for them, big deposit in advance and payment before restitution. Clock repairing can't be a very big industry: I suggest that they'd struggle to find a willing firm.

I agree. Returning all of the pieces of the clock is the only rightful thing to do.

 

Alarm_clock_smashed_by_sledge_hammer_mov_75765657_thumbnail.jpg

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Pompey chairman Iain McInnes said:‘We are fully behind this scheme. If the development gets planning consent the club will receive substantial financial investment.‘In the short-term, some of that money will enable us to address a back-log of legacy planned maintenance and safety issues with Fratton Park, to ensure it is fully operational next season. 

‘We are also looking at some other improvements to make the match-day experience inside and outside the ground much better, particularly providing more comfortable and befitting facilities for disabled supporters.

‘The majority of the money we receive however will be put into a ring-fenced account to be used to help kick-start our fund for improvements to the stadium. The club is well aware of the need to improve the Stadium’s facilities if we are to fulfil our potential as a club.

‘In the next 12 months we will separately be undertaking a feasibility study to explore ways we can finance a phased re-development of Fratton Park. This is a project of the highest priority for the Board and the fans. 

‘To achieve it will require realistic, measurable timescales, communicated effectively and aggressively pursued. The money we will receive from Point Estates will give us a solid platform for the short term improvements and to begin the search for other sources of funding to finally deliver the improved facilities our fans deserve.

 

This kind of suggests that if they don't get planning they can't afford to do the necessary maintenance work.

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There was no Court case decision. The Parties settled out of Court.

 

You're falling into the trap of believing the "we beat Chainrai in Court" crap you read in the News.

 

Didn't explain very well - I meant the terms of the 'deal' that was supposed to be published 'soon'.

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It is still soon if we are talking glaciation timescales.

Give them a chance you impatient nutjob!

 

When you take over the biggest club in world football there are priorities.

They had to secure the training ground, get the shop open, unfat the pipes, release the kit, pay for the clock, post out 15,000 season tickets, sign an exclusive multi-million pound deal with Tesco to tarmac a corner of wasteland, and get the bins emptied.

 

And they've made incredible progress, probably the bestest progress ever, and now that the bins are sorted they can crack on with other pressing tasks.

 

So they will as promised release the details of the deal in this new era of transparency, but there is a slight hold-up beyond their control - they just need to cross the t's and some need to uncross their eyes.

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It is still soon if we are talking glaciation timescales.

Give them a chance you impatient nutjob!

 

When you take over the biggest club in world football there are priorities.

They had to secure the training ground, get the shop open, unfat the pipes, release the kit, pay for the clock, post out 15,000 season tickets, sign an exclusive multi-million pound deal with Tesco to tarmac a corner of wasteland, and get the bins emptied.

 

And they've made incredible progress, probably the bestest progress ever, and now that the bins are sorted they can crack on with other pressing tasks.

 

So they will as promised release the details of the deal in this new era of transparency, but there is a slight hold-up beyond their control - they just need to cross the t's and some need to uncross their eyes.

 

 

superb stuff!

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Agreed, one of rb's best. Would be tops, except he's a bit off-target, coz they ain't done none of them fings.

 

smug c**t champaign Ian has managed to pop a few Cork,s charged to expenses of coarse,

Edited by mack rill
suewhistle wants me back to scoolz on mundee
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It is still soon if we are talking glaciation timescales.

Give them a chance you impatient nutjob!

 

When you take over the biggest club in world football there are priorities.

They had to secure the training ground, get the shop open, unfat the pipes, release the kit, pay for the clock, post out 15,000 season tickets, sign an exclusive multi-million pound deal with Tesco to tarmac a corner of wasteland, and get the bins emptied.

 

And they've made incredible progress, probably the bestest progress ever, and now that the bins are sorted they can crack on with other pressing tasks.

 

So they will as promised release the details of the deal in this new era of transparency, but there is a slight hold-up beyond their control - they just need to cross the t's and some need to uncross their eyes.

 

I think you're being extremely unfair / naive RB.

 

You appear to have forgotten the hotdog stand, which undoubtedly will be the bestest hotdog stand in the history of hotdog stands and will, most likely, bring in at least another £100m to the local economy each and every year due to it's popularity.

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