Jump to content

Recommended Posts

Wave 105 ‏@wave105radio

NEWS: While in #portsmouth the #DuchessofCambridge was given a #pompey shirt & a sailing t-shirt for Prince George.

 

B9pwyezIcAAkkfM.jpg:large

 

Captions gratefully received...

 

'whilst we appreciate the thought, hes actually just grown out of nappies'

Link to post
Share on other sites
It might show a modest profit if there telling Peter stores, or sum uver c**t as fawked out for the Bar Tab,

 

Is this the accounts for the Trust, not the Club, so I can't see how it is not profitable unless it is proper champers McInnes drinks and not Tesco Spumante.

 

Apparently one of the conditions for their new Supermost Tesco/Morrisons/LIDL/ALDI being approved is that it shall be well stocked with bubbly :mcinnes:

Link to post
Share on other sites

If there are any "shockers" they'll be about the structure of the relationship between the Trust and the Club. It won't be about the Trust finances, they don't actually do anything, do they?

 

The devil (if there is one) will be lurking in the auditor's notes, and unless we get our hands on a copy we won't know what is stated in the notes. Although if the auditors have qualified their report somebody might pick that up, it would be front page, rather than buried in the notes at the back.

Edited by hutch
Link to post
Share on other sites
In which case, I wonder why they are so late in being presented if there's nothing complex about them?

 

I may be wrong but I'm pretty sure the delay in producing the trust's accounts is due to a delay in the club publishing theirs - not sure why they would need to be so intricately linked but I'm sure it was posted on here as the reason for the delay....

Link to post
Share on other sites
In which case, I wonder why they are so late in being presented if there's nothing complex about them?

 

Because they're a bunch of amateurs. That's the point, they're incompetent and proud. What single useful thing have the Trust actually done apart from designing that nice fence?

Link to post
Share on other sites
Lord T is quite dedicated, he'll be back from the meeting soon....

 

Have they kidnapped him,are they Holding him to ransom.where is lord. T with the answers. It seems a bit quiet, I would have thought if there was good news they would shouting it from the roof tops.

Link to post
Share on other sites
Lord T is quite dedicated, he'll be back from the meeting soon....

 

Have they kidnapped him,are they Holding him to ransom.where is lord. T with the answers. It seems a bit quiet, I would have thought if there was good news they would shouting it from the roof tops.

Link to post
Share on other sites

From pol don't know how to do the quote thingy !!

 

Well it was all very ordinary in the end. No fuss, no drama, no discrepancies.*

 

The delay in preparing them in the end turned out to be due to the different deadlines between club and trust and a misunderstanding on whether the trust accounts could be finalised before the club's.*

 

The trust as at 30 June 2014 was in a healthy state, with approx £2.5m in shares in the club and a further £32k approx due to be purchased, which was completed in the following (current) period. It had a healthy surplus in the year due to the share donations and also income from other events. It has a decent cash balance as well.*

 

If any of you see the accounts you will note the the trust owes £13k to creditors. This is nothing to be concerned about as it is the accumulated value of the £100 deposits that were not converted into full share donations. Since the period end these are being either refunded or combined into full shares according to the wishes of the individuals.*

 

To answer LT I don't honestly remember the £2900, don't have the accounts in front of me now. Didn't ask as it's well below a materiality threshold for me in the context of the whole accounts.*

 

However what I was pleased to see was a full detailed income and expenditure statement well above the minimum required by law.*

 

So all in all the only error was that there wasn't in the event any need for the delay. But I guess it's a learning curve that won't be repeated.*

 

Good to meet Mick, Sue and other exec members.

Link to post
Share on other sites

Oops more fall out from POL

 

Banker said:*↑

 

Come on LT, spill the beans

 

Well its not who the Trust owes money to but rather who owes money to the Trust. In this instant, £2990.*

 

Now a Trust can make loans if in accordance with its FSA regulations but no such agreement or approval exists. Rather circ £3k has been gifted to an individual. That they have 'agreed' to pay this sum back is purely on a moral basis rather than a legal one.

 

Hence recording the £3k as a debt owed is somewhat dubious.

 

?

Link to post
Share on other sites

The Trust held a shareholding of 48.6 per cent of the club as of June 30.

 

That was before a property developer chipped in another £50K to cover the fact that the training ground fundraiser had failed.

Did he do that out of love, or for another little chunk of control?

 

Fan owned? :lol:

Link to post
Share on other sites
It's the hope that kills them. Little by little.

Yep. No problem with them winning today. Keeps them in the sweet spot of utter mediocrity in the bottom division. A genuine fight/great escape from relegation could give their fans a(nother) badge of honour and another chapter in their mythology, seeing it as some kind of victory for "real" football, and an "I was there" day for the (s)crapbook.

 

Bimbling around nowhere near anything at 15/16/17th ish is 100% solid tin irrelevance. Just total nothingness. Well done today lads. 1-0 eh.

Link to post
Share on other sites

A plucky, 91st minute winner. Probably the bestest 91st minute winner of all time no doubt. From the super Jed Wallace, the saviour and upcoming STAR rated at millions by the bestest.

 

Good result today seeing as Exeter were in their cup final with 10,000 of the most passionate fans (who never boo) roaring Pompey to victory. And awful Andy stays in his job for another week. Glorious stuff.

Link to post
Share on other sites
Simon Peach (@SimonPeach)

10/02/2015 20:06

"Premiership & you f***** it up," sing the #DagRed fans at #Pompey. A chant then repeated with Championship, League One & League Two.

 

Now that's good.

 

Newport County fans sang it at them in December 2013, I know because I took a video of it.

Link to post
Share on other sites

Fan-funder match report

 

"On a day that traditionally celebrates relationships, there could be no sight more fitting than a late Jed Wallace strike as Portsmouth dismissed visitors Exeter City by a goal to nil."

 

Indeed, what could be more fitting. Chocolates? Roses? A romantic dinner? Nah... an hour and a half at the cesspit watching abysmal football in the freezing gloom with a pie at half time. :mcinnes:

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})