rallyboy Posted 5 December, 2009 Share Posted 5 December, 2009 who takes responsibility for the repayment of £50M-£100M of debt without even looking at the books?... Or is it just another implausible storrie. Link to comment Share on other sites More sharing options...
bridge too far Posted 5 December, 2009 Share Posted 5 December, 2009 I wonder what this latest 'short term loan' is secured against? Link to comment Share on other sites More sharing options...
ChrisPY Posted 5 December, 2009 Share Posted 5 December, 2009 I wonder what this latest 'short term loan' is secured against? 45% weekly interest from a loan shark? Link to comment Share on other sites More sharing options...
ohwhenthesaints Posted 5 December, 2009 Share Posted 5 December, 2009 I hope the Premier League are keeping track on where these loans are coming from. In true Portsmouth style there is probably something fishy going on. After all, who in their right mind would loan them money when they are still to pay so many other debts back? Link to comment Share on other sites More sharing options...
OldNick Posted 5 December, 2009 Share Posted 5 December, 2009 is it an emergency loan from the PFA? I think they have done something on those lines before. Link to comment Share on other sites More sharing options...
miserableoldgit Posted 5 December, 2009 Share Posted 5 December, 2009 (edited) Not according to this:- http://www.dailymail.co.uk/sport/football/article-1233267/Portsmouth-chief-Peter-Storrie-confirms-players-paid-wages-full.html Edited 5 December, 2009 by miserableoldgit Link to comment Share on other sites More sharing options...
Verbal Posted 5 December, 2009 Share Posted 5 December, 2009 Not according to this:- http://www.dailymail.co.uk/sport/football/article-1233267/Portsmouth-chief-Peter-Storrie-confirms-players-paid-wages-full.html So the only thing anyone knows for certain about the mysterious and elusive Faraj is that he has no money. Brilliant! Link to comment Share on other sites More sharing options...
rallyboy Posted 5 December, 2009 Share Posted 5 December, 2009 now that the club is primarily financed by regular loans shouldn't the league be doing a fit and proper person test on ALL of these generous businesses? An investor would have to pass, why not people who are lending? It looks like a simple scam to bypass the regulations. £10M of drug money to launder? Lend it to Pompey, get a bit of land in return when they default. Come on Prem officials, wise up, they are taking the mick out of you again. Link to comment Share on other sites More sharing options...
Verbal Posted 5 December, 2009 Share Posted 5 December, 2009 now that the club is primarily financed by regular loans shouldn't the league be doing a fit and proper person test on ALL of these generous businesses? An investor would have to pass, why not people who are lending? It looks like a simple scam to bypass the regulations. £10M of drug money to launder? Lend it to Pompey, get a bit of land in return when they default. Come on Prem officials, wise up, they are taking the mick out of you again. Can't - because it's a test for owners only. Although how on earth they're going to do a 'fit and proper' test on the invisible Faraj seems a pretty big question. The PL seem to be dodging that in the doomed hope that this mess unravels in a way that doesn't embarrass them. In the meantime, of course, they're simply failing to apply their own rules. Link to comment Share on other sites More sharing options...
Elmore Posted 5 December, 2009 Share Posted 5 December, 2009 Its in a number of football club's and agent's financial interests that Portsmouth escape relegation. I bet they stay up. Link to comment Share on other sites More sharing options...
Thorpe-le-Saint Posted 5 December, 2009 Share Posted 5 December, 2009 Dear o dear, a MASSIVE relegation 6 pointer and there are plenty of empty seats at Notarf Krap Link to comment Share on other sites More sharing options...
Um Bongo Posted 5 December, 2009 Share Posted 5 December, 2009 Plenty of empty seats at Fratton today if anyone want's a laugh. Link to comment Share on other sites More sharing options...
S-Clarke Posted 5 December, 2009 Share Posted 5 December, 2009 Plenty of empty seats at Fratton today if anyone want's a laugh. looks like a v small attendance to me, and burnley should be a goal up. we probably had slightly more attendance in midweek - a freezing home game against Wycombe in L1. Link to comment Share on other sites More sharing options...
Thedelldays Posted 5 December, 2009 Share Posted 5 December, 2009 fletcher just missed a golden chance...**** Link to comment Share on other sites More sharing options...
S-Clarke Posted 5 December, 2009 Share Posted 5 December, 2009 fletcher just missed a golden chance...**** great play by the saints lad though, elliot. how the **** are burnley not winning this. Link to comment Share on other sites More sharing options...
S-Clarke Posted 5 December, 2009 Share Posted 5 December, 2009 lol @ didanne...... justice IMO, it was never a penalty. Link to comment Share on other sites More sharing options...
Um Bongo Posted 5 December, 2009 Share Posted 5 December, 2009 lol @ didanne...... justice IMO, it was never a penalty. I hope he gets banned, Elliot was nowhere near him. And what a pooor penalty. Link to comment Share on other sites More sharing options...
Thedelldays Posted 5 December, 2009 Share Posted 5 December, 2009 disgraceful dive....hope he gets slaughtered by the press for it Link to comment Share on other sites More sharing options...
warsash saint Posted 5 December, 2009 Share Posted 5 December, 2009 lol @ didanne...... justice IMO, it was never a penalty. The P*mpey Ali-Dia:D Link to comment Share on other sites More sharing options...
Thorpe-le-Saint Posted 5 December, 2009 Share Posted 5 December, 2009 I'm actually really starting to tire with all this. The PL and the FL should pull their ****ing fingers out and simply ask the question "What the **** is going on here?!" But, knowing that lot, they will proabably get bailed out at the last minute and then we will once again have to hear the ramblings of deluded mad-men and their eto'o et al transfer stories. Link to comment Share on other sites More sharing options...
benjii Posted 5 December, 2009 Share Posted 5 December, 2009 Can't - because it's a test for owners only. Although how on earth they're going to do a 'fit and proper' test on the invisible Faraj seems a pretty big question. The PL seem to be dodging that in the doomed hope that this mess unravels in a way that doesn't embarrass them. In the meantime, of course, they're simply failing to apply their own rules. People seem to misunderstand the "fit and proper test". To pass it you have to: have not been involved in a [or is it two? can't remember] football related insolvencies; and not be a criminal. That is it. Link to comment Share on other sites More sharing options...
Verbal Posted 5 December, 2009 Share Posted 5 December, 2009 People seem to misunderstand the "fit and proper test". To pass it you have to: have not been involved in a [or is it two? can't remember] football related insolvencies; and not be a criminal. That is it. No, I'm well aware of how wafer-thin the test is. I just assume that your identity has to be known and face put to the name before you can be passed. I'm also aware that Thaksin was given a clean bill of health, despite the corruption case in Thailand outstanding at the time, and that Gaydamak passed despite continuing suspicion that he was fronting for his dad, who would not have passed even the FA's pathetic requirements. The football 'fit and proper' test in this country is generally pathetic. The front company that's taken over Notts Co also tried to move into F1, but the FIA banned them. So there you have it: the FIA has more of a moral compass than the FA and FL. Amazing. Link to comment Share on other sites More sharing options...
Master Bates Posted 6 December, 2009 Share Posted 6 December, 2009 http://www.newsoftheworld.co.uk/sport/631301/HARRY-REDKNAPP-HITS-BACK-IN-TAX-ROW.html Link to comment Share on other sites More sharing options...
Made in Southampton Posted 6 December, 2009 Share Posted 6 December, 2009 http://www.newsoftheworld.co.uk/sport/631301/HARRY-REDKNAPP-HITS-BACK-IN-TAX-ROW.html Quote-"The pair strongly deny wrongdoing and have had their bail extended until the middle of December as officials investigate around £10,000 in potentially unpaid tax on an account set up in Monaco". Are you kiddin me? Is this all over 10k? It's probably costing 1000x that to investigate the issue. Link to comment Share on other sites More sharing options...
saint lard Posted 6 December, 2009 Share Posted 6 December, 2009 http://www.dailymail.co.uk/sport/football/article-1233567/Portsmouth-owe-2m-sale-Lassana-Diarra-Real-Madrid-FIFA-investigation-pending.html?ITO=1490 Link to comment Share on other sites More sharing options...
Made in Southampton Posted 6 December, 2009 Share Posted 6 December, 2009 http://www.dailymail.co.uk/sport/football/article-1233567/Portsmouth-owe-2m-sale-Lassana-Diarra-Real-Madrid-FIFA-investigation-pending.html?ITO=1490 Now that's more like it. 10k indeed pfft. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 6 December, 2009 Share Posted 6 December, 2009 http://www.dailymail.co.uk/sport/football/article-1233567/Portsmouth-owe-2m-sale-Lassana-Diarra-Real-Madrid-FIFA-investigation-pending.html?ITO=1490 Getting better every day! Link to comment Share on other sites More sharing options...
Tamesaint Posted 6 December, 2009 Share Posted 6 December, 2009 Should we have a sweepstake on when Pompey's administration will be announced?? I thought that if they had lost yesterday, thy may have announced it soon. If they had lost they would have been 7 points off safety - which is quite a lot when you ahave only gained 7 points all season !! However yesterday's result gives them more hope I suppose. I go for an admin date of 10th March. They play Chelsea the week before and Liverpool a few days later. They won't do a Rupert and wait until it is too late.If it is in March at least we get another 3 months to enjoy their plight - ie Players not being paid // Lurid newspaper headlines // Rumours // Counter rumours // Court cases // Arrests etc etc What a farce!! Link to comment Share on other sites More sharing options...
Verbal Posted 6 December, 2009 Share Posted 6 December, 2009 I'm sticking with January 31. I can't see how they can legally trade beyond that date. Link to comment Share on other sites More sharing options...
rallyboy Posted 6 December, 2009 Share Posted 6 December, 2009 sorry Verbal but I don't think 'legally trading' has been on their agenda for a year now! The business is in terminal decline yet people at the top continue to drain it of funds... The auditors and taxman are going to have a field day sometime soon and it's now making our debacle in the summer look like a minor blip. It will be the hottest ticket in town and I hope Sky cover it live - 'the full financial report on Pompey's last few years of trading' starring senior judges and financial investigators - I can't wait... Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 6 December, 2009 Share Posted 6 December, 2009 sorry Verbal but I don't think 'legally trading' has been on their agenda for a year now! The business is in terminal decline yet people at the top continue to drain it of funds... The auditors and taxman are going to have a field day sometime soon and it's now making our debacle in the summer look like a minor blip. It will be the hottest ticket in town and I hope Sky cover it live - 'the full financial report on Pompey's last few years of trading' starring senior judges and financial investigators - I can't wait... It will make War & Peace look like a newspaper insert. Link to comment Share on other sites More sharing options...
View From The Top Posted 6 December, 2009 Share Posted 6 December, 2009 Portsmouth's cash crisis has reached the point where the club left Aruna Dindane on the bench against Aston Villa on Tuesday because they did not have the cash to meet the £4m permanent transfer deal one more appearance would have triggered with French club Lens. However, Pompey renegotiated the deal in time for Dindane to appear against Burnley on Saturday. Full story: Sunday Mirror Link to comment Share on other sites More sharing options...
View From The Top Posted 6 December, 2009 Share Posted 6 December, 2009 http://www.mirrorfootball.co.uk/news/Portsmouth-s-financial-crisis-forced-club-to-bench-Aruna-Dindane-in-Carling-Cup-clash-article246147.html Link to comment Share on other sites More sharing options...
Joensuu Posted 6 December, 2009 Share Posted 6 December, 2009 Not according to this:- http://www.dailymail.co.uk/sport/football/article-1233267/Portsmouth-chief-Peter-Storrie-confirms-players-paid-wages-full.html Hmm, so Balram Chainrai has now loaned Pompey a second 15million in the space of 3 months. There is something strange about Chainrai's involvement that doesn't quite add up. Chainrai co-founded Ameris Holdings with Levi Kushnir. They then sold a 65% stake of Ameris to none other than Gaydamak snr (you might just remember him! http://www.premierleague.com/page/Headlines/0,,12306~1401503,00.html). The next twist came last September when Chainrai and Kushnir successfully sued Gaydamak snr for failing to buy the rest of Ameris as agreed. They won the case and were awarded about £16M damages. http://archive.globes.co.il/searchgl/Court%20orders%20Gaydamak%20to%20pay%20Kushnir,%20Chainrai%20$23m_h_hd_2L34nDZaqDbmnC30mDJ0mC34sBcXqRMm0.html So we now have a situation where the very people loaning the cash to bail out Pompey, are the people who have taken the club's former owner's father through the courts. If you throw in to the mix the rumour that the ground and surrounding land is still owned by Gaydamak Jnr, you start to build up a really complicated picture. Is Pompey actually being used as a pawn in an Israeli business power struggle? Are Chainrai and Kushnir attempting to get a hold on some of the Gaydamak assets they feel they are owed? Whatever is happening, I doubt very much that Chainrai and Kushnir have football at the top of their agenda.... Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 6 December, 2009 Share Posted 6 December, 2009 Hmm, so Balram Chainrai has now loaned Pompey a second 15million in the space of 3 months. There is something strange about Chainrai's involvement that doesn't quite add up. Chainrai co-founded Ameris Holdings with Levi Kushnir. They then sold a 65% stake of Ameris to none other than Gaydamak snr (you might just remember him! http://www.premierleague.com/page/Headlines/0,,12306~1401503,00.html). The next twist came last September when Chainrai and Kushnir successfully sued Gaydamak snr for failing to buy the rest of Ameris as agreed. They won the case and were awarded about £16M damages. http://archive.globes.co.il/searchgl/Court%20orders%20Gaydamak%20to%20pay%20Kushnir,%20Chainrai%20$23m_h_hd_2L34nDZaqDbmnC30mDJ0mC34sBcXqRMm0.html So we now have a situation where the very people loaning the cash to bail out Pompey, are the people who have taken the club's former owner's father through the courts. If you throw in to the mix the rumour that the ground and surrounding land is still owned by Gaydamak Jnr, you start to build up a really complicated picture. Is Pompey actually being used as a pawn in an Israeli business power struggle? Are Chainrai and Kushnir attempting to get a hold on some of the Gaydamak assets they feel they are owed? Whatever is happening, I doubt very much that Chainrai and Kushnir have football at the top of their agenda.... Best club to get involved in then. Link to comment Share on other sites More sharing options...
Crab Lungs Posted 6 December, 2009 Share Posted 6 December, 2009 Poor old Storrie-teller.... going on holiday whilst this colossal bugger-up of a football club sinks further. Something tells me he's sensed the **** is about to hit the fan and he's doing a runner... Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 6 December, 2009 Author Share Posted 6 December, 2009 http://www.dailymail.co.uk/sport/football/article-1233567/Portsmouth-owe-2m-sale-Lassana-Diarra-Real-Madrid-FIFA-investigation-pending.html?ITO=1490 Just when things look really dodgy Storrie is off on his hols. He looked distinctly uncomfortable yesterday when those two clowns next him tried to join in with the chanting and clapping. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 6 December, 2009 Author Share Posted 6 December, 2009 Poor old Storrie-teller.... going on holiday whilst this colossal bugger-up of a football club sinks further. Something tells me he's sensed the **** is about to hit the fan and he's doing a runner... If Joensuu is correct in his analysis (and he appears to have done some homework) then if I was Storrie I wouldn't bother coming back. I don't think Storrie will be in the director's box again. Link to comment Share on other sites More sharing options...
Saint_clark Posted 6 December, 2009 Share Posted 6 December, 2009 Surely Storrie cannot leave the country, as he is on bail? Link to comment Share on other sites More sharing options...
Red Alert Posted 6 December, 2009 Share Posted 6 December, 2009 Surely Storrie cannot leave the country, as he is on bail? Its unconditional bail as it would impede his job not being able to go abroad. What with the signing of eto'o being finalised as I type this. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 6 December, 2009 Share Posted 6 December, 2009 Its unconditional bail as it would impede his job not being able to go abroad. What with the signing of eto'o being finalised as I type this. And there was me thinking the Ho was full of sh!te. Link to comment Share on other sites More sharing options...
benjii Posted 6 December, 2009 Share Posted 6 December, 2009 If Storrie is put on gardening leave to concentrate on his defence will Mrs Storrie punch Al-Faraj? Link to comment Share on other sites More sharing options...
hutch Posted 7 December, 2009 Share Posted 7 December, 2009 We should cut them some slack. They've had a good weekend, by their standards. They won a game. They scored a couple of good goals. They kept a clean sheet. They finally moved off the bottom of ..... Oh, no, wait a minute ....... And they've got a few easy fixtures coming ...... Oh, no, wait another minute ...... Maybe not. I'm banking on us meeting them in the CCC next season. Would be disappointed if they don't come down and join us. Link to comment Share on other sites More sharing options...
Pancake Posted 7 December, 2009 Share Posted 7 December, 2009 Hmm, so Balram Chainrai has now loaned Pompey a second 15million in the space of 3 months. There is something strange about Chainrai's involvement that doesn't quite add up. Chainrai co-founded Ameris Holdings with Levi Kushnir. They then sold a 65% stake of Ameris to none other than Gaydamak snr (you might just remember him! http://www.premierleague.com/page/Headlines/0,,12306~1401503,00.html). The next twist came last September when Chainrai and Kushnir successfully sued Gaydamak snr for failing to buy the rest of Ameris as agreed. They won the case and were awarded about £16M damages. http://archive.globes.co.il/searchgl/Court%20orders%20Gaydamak%20to%20pay%20Kushnir,%20Chainrai%20$23m_h_hd_2L34nDZaqDbmnC30mDJ0mC34sBcXqRMm0.html So we now have a situation where the very people loaning the cash to bail out Pompey, are the people who have taken the club's former owner's father through the courts. If you throw in to the mix the rumour that the ground and surrounding land is still owned by Gaydamak Jnr, you start to build up a really complicated picture. Is Pompey actually being used as a pawn in an Israeli business power struggle? Are Chainrai and Kushnir attempting to get a hold on some of the Gaydamak assets they feel they are owed? Whatever is happening, I doubt very much that Chainrai and Kushnir have football at the top of their agenda.... Yep, I posted this back on page 20-something of this thread...a very tangled web! Link to comment Share on other sites More sharing options...
Joensuu Posted 7 December, 2009 Share Posted 7 December, 2009 Yep, I posted this back on page 20-something of this thread...a very tangled web! You sure did: http://www.saintsweb.co.uk/forum/showthread.php?p=489189#post489189 I searched the forum for Chainrai, but your post wasn't in the results... Link to comment Share on other sites More sharing options...
Pancake Posted 7 December, 2009 Share Posted 7 December, 2009 You sure did: http://www.saintsweb.co.uk/forum/showthread.php?p=489189#post489189 I searched the forum for Chainrai, but your post wasn't in the results... Ah page 60 odd... how times flies on this thread. Has Gaydamak Snr actually paid up what he owes to the 2 chaps? I was under the impression he (Gaydamak Snr) was on the run in Russia, so rather unlikely to sit down and wire them some money... Link to comment Share on other sites More sharing options...
rallyboy Posted 7 December, 2009 Share Posted 7 December, 2009 disappointingly it seems that Pompey may have turned a corner - it's teatime and they haven't taken out a loan yet today. Though on the upside, I guess the horrendous interest due on the rest of them is gathering momentum with every passing hour. Tick, tick, tick.... Link to comment Share on other sites More sharing options...
saint lard Posted 7 December, 2009 Share Posted 7 December, 2009 Rehash of old news really but some of the comments by supporters are worth a gander imo.....i do like the 'on the to do list' comment by Jacobs.... http://www.portsmouth.co.uk/newshome/Fresh-fears-for-Pompey-fans.5889215.jp Link to comment Share on other sites More sharing options...
S-Clarke Posted 7 December, 2009 Share Posted 7 December, 2009 Rehash of old news really but some of the comments by supporters are worth a gander imo.....i do like the 'on the to do list' comment by Jacobs.... http://www.portsmouth.co.uk/newshome/Fresh-fears-for-Pompey-fans.5889215.jp An article in today's Times suggests that PFC will incur a minus 10 point penalty from the Premier League at the end of this season, and a minus 27 point penalty at the start of next season imposed by the Football League. Has anyone else read this? It just gets from bad to worse. Wouldn't surprise me tbf, they need a proper investigation into the finances there as so much dodgy **** has gone on - surley on par with Luton. Link to comment Share on other sites More sharing options...
saint lard Posted 7 December, 2009 Share Posted 7 December, 2009 It really can't be long before a huge lump of the brown stuff hits a rather large spinning thing,and in a big way. They are surely just prolonging the inevitable. Link to comment Share on other sites More sharing options...
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