dubai_phil Posted 19 May, 2011 Share Posted 19 May, 2011 a thread was started on the main board saying that the Russians had pulled out of buying Pompey, nothing on here about that. Anybody seen anything on those lines today? Yes. On the main board. HTH (ain't nowhere else though) yet maybe Link to comment Share on other sites More sharing options...
rallyboy Posted 19 May, 2011 Share Posted 19 May, 2011 no indication of the Russians pulling out anywhere, other than one random comment - that's if they were ever really in. Finally Steve Cotterill is making sense! - Without our fans behind us we would have really struggled. They weren't behind you Steve. You really struggled. Link to comment Share on other sites More sharing options...
Wes Tender Posted 19 May, 2011 Share Posted 19 May, 2011 Apparently the Skates have a pre-season friendly against Chelski, at Krap Nottarf on July 16th. Does anybody seriously believe that the Skates will be able to field a team by then? What is the purpose of this little exercise from the Chelski perspective? Do they reason that when they beat the Skates by a hefty margin, that team confidence will receive a massive boost? Or will Chelski just use it as an outing for their reserves and youth team? Link to comment Share on other sites More sharing options...
Colinjb Posted 19 May, 2011 Share Posted 19 May, 2011 Apparently the Skates have a pre-season friendly against Chelski, at Krap Nottarf on July 16th. Does anybody seriously believe that the Skates will be able to field a team by then? What is the purpose of this little exercise from the Chelski perspective? Do they reason that when they beat the Skates by a hefty margin, that team confidence will receive a massive boost? Or will Chelski just use it as an outing for their reserves and youth team? Surely both. Link to comment Share on other sites More sharing options...
Dr Who? Posted 19 May, 2011 Share Posted 19 May, 2011 http://boards.footymad.net/forum.php?tno=424&fid=203&sty=2&act=1&mid=2117476248 Link to comment Share on other sites More sharing options...
LGTL Posted 19 May, 2011 Share Posted 19 May, 2011 If then Russians had anything about them it would have been completed weeks ago. Look how quickly and quietly we were taken over. It's been (another) total joke from start to finish! Link to comment Share on other sites More sharing options...
Gemmel Posted 19 May, 2011 Share Posted 19 May, 2011 Apparently the Skates have a pre-season friendly against Chelski, at Krap Nottarf on July 16th. Does anybody seriously believe that the Skates will be able to field a team by then? What is the purpose of this little exercise from the Chelski perspective? Do they reason that when they beat the Skates by a hefty margin, that team confidence will receive a massive boost? Or will Chelski just use it as an outing for their reserves and youth team? Actually it is a good friendly for both teams and at 20 quid on the day, it is a good fixture for chanarai. Quite what their squad will look like remains to be seen, but I can't help feeling, this thread is either coming to an end or is simply at the begining. The next 8 weeks will shape the next 10 years of their existence (Or not). Are the russians serious? Do they have the money? Will they get a points deduction? What happens if the russians don't follow through? Will Chanarai continue to fund things? What will happen if they don't meet the CVA requiements? Where are they with the forensic dive into what has gone on? What is happening with the independant insolvency commission investigation? Without the season ticket money how can they meet their business plan with the FA? What sanctions will the FA impose if they don't abide by their own business plan? .................and so on and so on. Link to comment Share on other sites More sharing options...
dubai_phil Posted 19 May, 2011 Share Posted 19 May, 2011 http://boards.footymad.net/forum.php?tno=424&fid=203&sty=2&act=1&mid=2117476248 Lol. looks like southseasteve's source is someone who reads this forum. Think we pretty much said all of that about 30 pages ago. but Gemmel is so right, this story is now right back up in the air, so many possible plot twists and turns still. One thing will not change though, The Russians will only buy if it is a great deal. Think we have understood for almost 40,000 posts that it is anything but! Link to comment Share on other sites More sharing options...
dronskisaint Posted 19 May, 2011 Share Posted 19 May, 2011 At the risk of being called a spelling/grammar - whatever - snob...how 'high' is the IQ level on that board? It's ignorant in content, spelling, grammar, knowledge and just general level of any kind of common politeness. I'm so glad we're so refained! Link to comment Share on other sites More sharing options...
miserableoldgit Posted 19 May, 2011 Share Posted 19 May, 2011 At the risk of being called a spelling/grammar - whatever - snob...how 'high' is the IQ level on that board? It's ignorant in content, spelling, grammar, knowledge and just general level of any kind of common politeness. I'm so glad we're so refained! !:) Link to comment Share on other sites More sharing options...
Colinjb Posted 19 May, 2011 Share Posted 19 May, 2011 At the risk of being called a spelling/grammar - whatever - snob...how 'high' is the IQ level on that board? It's ignorant in content, spelling, grammar, knowledge and just general level of any kind of common politeness. I'm so glad we're so refained! Satire isn't dead. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 19 May, 2011 Share Posted 19 May, 2011 At the risk of being called a spelling/grammar - whatever - snob...how 'high' is the IQ level on that board? It's ignorant in content, spelling, grammar, knowledge and just general level of any kind of common politeness. I'm so glad we're so refained! Refained? I love it! Refined? Restrained? Link to comment Share on other sites More sharing options...
dronskisaint Posted 19 May, 2011 Share Posted 19 May, 2011 Refained? I love it! Refined? Restrained? Think phonetic guys... Link to comment Share on other sites More sharing options...
Mister Neil Posted 19 May, 2011 Share Posted 19 May, 2011 Think phonetic guys... see http://www.bookrags.com/tandf/refained-or-refayned-tf/ Link to comment Share on other sites More sharing options...
Wes Tender Posted 19 May, 2011 Share Posted 19 May, 2011 A post on The News' article: http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/get_set_for_the_south_coast_derby_again_1_2688310 59 pompey-gob Thursday, May 19, 2011 at 08:25 AM They say that as part of any organisation there are those who make things happen, those that watch things happen and those that haven't a clue what is happening. The majority of Skate contributors on these threads fall into the last group because not only do they not know what is hapening if they did they are not articulate enough to tell anyone. Then thankfully there are the intelligent ones like trueblueinkiwiland. Someone with enough sense to get out of Portsmouth and live as far away from the place as is humanly possible but also with enough gumption to be able to see from the other side of the world what the illiterate morons who live in that dreadful part of Hampshire can't see even though it is staring them in the face. You all may be in denial and refuse to face up to the truth but that wont help. Listen to the one Skate with brains even if he lives in New Zealand for he knows the truth and recognises the reality of your situation. You think you are going to beat the Saints? Don't make me laugh. Remember the words of our new song "We are coming for you. We are coming for you. You dirty Skate b............s We are coming for you". Absolutely brilliant! Link to comment Share on other sites More sharing options...
Wes Tender Posted 19 May, 2011 Share Posted 19 May, 2011 Another 24 carat nugget from a brain-dead Skate:- 50 Jägermeister Wednesday, May 18, 2011 at 05:06 PM AOCwasaSK8butheoknow--- Your club will be bust as the owners want out and no one wants to buy it. LOL On the plus sign you may get more than 9000 average attendance next season as all the pretend football fans will go to the odd game. Least we have 12000 at least at every game with an average of 17343 per game and our city is a 14 the size of your **** hole. Imagine if Pompey were as big in land size we would fill 70000 stadium week in week out. Somehow he is privvy to information that the club is up for sale and that nobody wants to buy it. Of course, a billionaire bought us when we were a less attractive proposition than we are now, up a division closer to the promised land, whereas who bought them recently? Oh yes, a fake sheik, somebody who apparently doesn't exist, gun runners, loan sharks and now they are attracting the Russian Mafia. Our average attendance last season was greater than the capacity of their entire stadium. But if Skatesmouth was bigger, then somehow they would manage to fill a 70000 stadium. It's a wonderful thing, isn't it, this care in the commnuity scheme? Link to comment Share on other sites More sharing options...
OldNick Posted 19 May, 2011 Share Posted 19 May, 2011 Another 24 carat nugget from a brain-dead Skate:- 50 Jägermeister Wednesday, May 18, 2011 at 05:06 PM Somehow he is privvy to information that the club is up for sale and that nobody wants to buy it. Of course, a billionaire bought us when we were a less attractive proposition than we are now, up a division closer to the promised land, whereas who bought them recently? Oh yes, a fake sheik, somebody who apparently doesn't exist, gun runners, loan sharks and now they are attracting the Russian Mafia. Our average attendance last season was greater than the capacity of their entire stadium. But if Skatesmouth was bigger, then somehow they would manage to fill a 70000 stadium. It's a wonderful thing, isn't it, this care in the commnuity scheme? that is a saints fan pretending to be a Skate and so i don't think it is too much to laugh at. Lol Link to comment Share on other sites More sharing options...
Wes Tender Posted 19 May, 2011 Share Posted 19 May, 2011 that is a saints fan pretending to be a Skate and so i don't think it is too much to laugh at. Lol Really? Then that is also brilliant! Well done, Jagermeister. A superb parody of your typical Skate. Link to comment Share on other sites More sharing options...
JackFrost Posted 19 May, 2011 Share Posted 19 May, 2011 The other factor to consider if this takeover drags on and on. Didn't Chainrai supposedly up his demands significantly about a month after the Russians first became interested, and it implied that the club was haemorraging £3 million a month? Link to comment Share on other sites More sharing options...
Gemmel Posted 19 May, 2011 Share Posted 19 May, 2011 (edited) Where are they with the forensic dive into what has gone on? Apologies for quoting myself, but we have an update; http://www.businessweekly.co.uk/legal/11861-norwich-law-firm-aids-portsmouth-fc-probe Someone is putting an awful lot of money into this (I assume HMRC)..... they don't just do this for fun. Edited 19 May, 2011 by Gemmel Link to comment Share on other sites More sharing options...
pedg Posted 19 May, 2011 Share Posted 19 May, 2011 Apologies for quoting myself, but we have an update; http://www.businessweekly.co.uk/legal/11861-norwich-law-firm-aids-portsmouth-fc-probe Someone is putting an awful lot of money into this (I assume HMRC)..... they don't just do this for fun. The liquidators have identified significant issues that require detailed investigation. Surely not!!! Link to comment Share on other sites More sharing options...
dubai_phil Posted 19 May, 2011 Share Posted 19 May, 2011 Apologies for quoting myself, but we have an update; http://www.businessweekly.co.uk/legal/11861-norwich-law-firm-aids-portsmouth-fc-probe Someone is putting an awful lot of money into this (I assume HMRC)..... they don't just do this for fun. Oh sweet. So the Insolvency specialists called in another more specialist specialist whose expertise covers.... Nick Oliver, who heads the insolvency team, is a specialist in forensic insolvency investigations and fraud-related insolvency issues Well, now there's a surprise..... Link to comment Share on other sites More sharing options...
BigShadow Posted 19 May, 2011 Share Posted 19 May, 2011 Apologies for quoting myself, but we have an update; http://www.businessweekly.co.uk/legal/11861-norwich-law-firm-aids-portsmouth-fc-probe Someone is putting an awful lot of money into this (I assume HMRC)..... they don't just do this for fun. Interesting that a) the liquidators have identified significant issues (no surprise) and, b) the issues are of such complexity that Baker Tilly need to call in additional forensic experts. How ya feeling Mr Storrie???? Link to comment Share on other sites More sharing options...
dubai_phil Posted 19 May, 2011 Share Posted 19 May, 2011 The other factor to consider if this takeover drags on and on. Didn't Chainrai supposedly up his demands significantly about a month after the Russians first became interested, and it implied that the club was haemorraging £3 million a month? 1mil a month is more likely, Think it was about 3 months from the statement of interest to the running away because "the Price had gone up". That of course was a month ago. And they don't have any more matches until.... And their season ticket sales are going soooooooooo well Link to comment Share on other sites More sharing options...
OldNick Posted 19 May, 2011 Share Posted 19 May, 2011 1mil a month is more likely, Think it was about 3 months from the statement of interest to the running away because "the Price had gone up". That of course was a month ago. And they don't have any more matches until.... And their season ticket sales are going soooooooooo well i can't fathom why a man who is so wealthy got caught first time, then must know by now he has not purchased rhino horn but a prehistoric dog turd. To then try and lever another 3m out of some other unsuspecting fools is just plain madness. Link to comment Share on other sites More sharing options...
pedg Posted 19 May, 2011 Share Posted 19 May, 2011 i can't fathom why a man who is so wealthy got caught first time, then must know by now he has not purchased rhino horn but a prehistoric dog turd. To then try and lever another 3m out of some other unsuspecting fools is just plain madness. For me it's a straight race between c*ck-up and conspiracy. Was Balram's purchase a boo boo or a carefully choreographed exercise? If the new prospective buyers were anything but Russians with dodgy connections I would go for the former but at the moment the list of cast members is pointing towards the latter? Link to comment Share on other sites More sharing options...
rallyboy Posted 19 May, 2011 Share Posted 19 May, 2011 If this was a Russian/Chanrai stitch up I think they would have the flats and shops up by now. Chanrai may have got caught because he was trying to get one over on the child-maimer - just take control of the ground and the arms dealer couldn't do anything with his land. He then discovered he couldn't do anything either. or more likely, It was greed based on poor due diligence. His loan was covered by the stadium and the parachute payments and the transfer income - he couldn't lose.... On paper that sounds plausible. Lend £17M to a business with £20M of players, £15M of ground, development opportunies, a poorly managed £50M turnover, a few small debts hanging around - what could possibly go wrong? From that prospectus there is no way you couldn't get your money back. Then it turned out the transfer income was far less than estimated and already spoken for - and the parachute was redirected to the football creditors - and those small debts turned out to be HUGE. I've never classed him as the owner, he forcibly took over a business that defaulted on his loans - no one wanted it so he took over the club in an effort to get his money back - but there was no value in it to cover his loan repayments and suddenly he was caretaker of a business worth less than it's debts, and trading insolvently (another clear breach of FA rules). I believe the term for a potential buyer in these circumstances is the greater fool, and he hasn't found one yet. Link to comment Share on other sites More sharing options...
Jimmy_D Posted 19 May, 2011 Share Posted 19 May, 2011 Apologies for quoting myself, but we have an update; http://www.businessweekly.co.uk/legal/11861-norwich-law-firm-aids-portsmouth-fc-probe Someone is putting an awful lot of money into this (I assume HMRC)..... they don't just do this for fun. The light at the end of the tunnel is an oncoming train... Link to comment Share on other sites More sharing options...
miserableoldgit Posted 19 May, 2011 Share Posted 19 May, 2011 Think phonetic guys... You say that now! Link to comment Share on other sites More sharing options...
pedg Posted 19 May, 2011 Share Posted 19 May, 2011 If this was a Russian/Chanrai stitch up I think they would have the flats and shops up by now. Chanrai may have got caught because he was trying to get one over on the child-maimer - just take control of the ground and the arms dealer couldn't do anything with his land. He then discovered he couldn't do anything either. or more likely, It was greed based on poor due diligence. His loan was covered by the stadium and the parachute payments and the transfer income - he couldn't lose.... On paper that sounds plausible. Lend £17M to a business with £20M of players, £15M of ground, development opportunies, a poorly managed £50M turnover, a few small debts hanging around - what could possibly go wrong? From that prospectus there is no way you couldn't get your money back. Then it turned out the transfer income was far less than estimated and already spoken for - and the parachute was redirected to the football creditors - and those small debts turned out to be HUGE. I've never classed him as the owner, he forcibly took over a business that defaulted on his loans - no one wanted it so he took over the club in an effort to get his money back - but there was no value in it to cover his loan repayments and suddenly he was caretaker of a business worth less than it's debts, and trading insolvently (another clear breach of FA rules). I believe the term for a potential buyer in these circumstances is the greater fool, and he hasn't found one yet. Is the pompey motto "Caveat emptor" by any chance I wonder? Link to comment Share on other sites More sharing options...
Foxstone Posted 19 May, 2011 Share Posted 19 May, 2011 Is the pompey motto "Caveat emptor" by any chance I wonder? More like "Coffers Empty" I would suggest... Link to comment Share on other sites More sharing options...
dronskisaint Posted 19 May, 2011 Share Posted 19 May, 2011 You say that now! Er yes...I spelt it before for phonetic effect but I have to admit that I didn't know about Mr Neill's bookrags definition then;) Link to comment Share on other sites More sharing options...
eurosaint Posted 19 May, 2011 Share Posted 19 May, 2011 Lol. looks like southseasteve's source is someone who reads this forum. Think we pretty much said all of that about 30 pages ago. but Gemmel is so right, this story is now right back up in the air, so many possible plot twists and turns still. One thing will not change though, The Russians will only buy if it is a great deal. Think we have understood for almost 40,000 posts that it is anything but! Correction : "The Russians will only buy if it is a dodgy deal ! Link to comment Share on other sites More sharing options...
Weston Saint Posted 19 May, 2011 Share Posted 19 May, 2011 http://www.businessweekly.co.uk/legal/1 ... h-fc-probe The insolvency team from Norwich law firm Howes Percival has been called in to help the investigation into Portsmouth FC – which was the first Premier League soccer club to go into administration. The company is believed to owe creditors over £83 million, with up to £35m owed to HM Revenue & Customs. Howes Percival has been instructed by insolvency practitioners Geoff Carton-Kelly and David Hudson of Baker Tilly Restructuring and Recovery LLP, the joint liquidators of the Club. Nick Oliver, who heads the insolvency team, is a specialist in forensic insolvency investigations and fraud-related insolvency issues. He is also currently assisting the trustee in bankruptcy of Asil Nadir. Oliver said: “This is a high profile, complex case which has received worldwide media attention, primarily because Portsmouth was the first premiership football club to enter administration. “The unsecured creditors are believed to amount to in excess of £83 million, with up to £35 million owed to HM Revenue & Customs. “We will be assisting Geoff Carton-Kelly and David Hudson with their investigations into the financial collapse of the club. The liquidators have identified significant issues that require detailed investigation.” In December 2009, HMRC presented a winding-up petition against Portsmouth. In February 2010, insolvency practitioners from UHY Hacker Young LLP were appointed as administrators of the company. The club was docked nine points as a result of the administration and was subsequently relegated to the Championship. A company voluntary arrangement was ultimately agreed with creditors to enable the administrators to sell the assets and business of the football club to a new company. In February 2011 the old company, Portsmouth City Football Club Limited, entered liquidation following the completion of the sale and the termination of the administration and company voluntary arrangement. Link to comment Share on other sites More sharing options...
suewhistle Posted 19 May, 2011 Share Posted 19 May, 2011 or more likely, It was greed based on poor due diligence. His loan was covered by the stadium and the parachute payments and the transfer income - he couldn't lose.... On paper that sounds plausible. Lend £17M to a business with £20M of players, £15M of ground, development opportunies, a poorly managed £50M turnover, a few small debts hanging around - what could possibly go wrong? From that prospectus there is no way you couldn't get your money back. I don't know. How do these people get rich in the first place if they are so stupid? OK, we know they are ammoral, but they must have advisers, business instincts. Or just ask any regular on this thread FFS! Link to comment Share on other sites More sharing options...
S-Clarke Posted 19 May, 2011 Share Posted 19 May, 2011 The good thing is, the longer this uncertainty goes on the worse it'll be for them next season in terms of a playing squad. I'd love to actually do a 4-1 over them next year. Link to comment Share on other sites More sharing options...
miserableoldgit Posted 19 May, 2011 Share Posted 19 May, 2011 The good thing is, the longer this uncertainty goes on the worse it'll be for them next season in terms of a playing squad. I'd love to actually do a 4-1 over them next year. Two 4-1`s would be even better!! Link to comment Share on other sites More sharing options...
dubai_phil Posted 19 May, 2011 Share Posted 19 May, 2011 I don't know. How do these people get rich in the first place if they are so stupid? OK, we know they are ammoral, but they must have advisers, business instincts. Or just ask any regular on this thread FFS! Astonishingly the Russians appear to have an amazing trait. They are so clever that even when ask for advice from experts in a particular field (with in their case around 10 years working as back office in different football clubs, talking to former England coaching staff and some of the most experienced M&A professionals in the business). They ignored the lot of them. Why? Because they are successful so of course they know better. Most independent types like these that get to the top - they know everything and never listen. But then quite often in the loo other things float to the top. An example of know it-alls who didn't listen? The Sinclair C5 amongst many many others. No, the Russians had information that this forum is aware of from some very highly respected people at the top of football..... Link to comment Share on other sites More sharing options...
Chez Posted 19 May, 2011 Share Posted 19 May, 2011 If this was a Russian/Chanrai stitch up I think they would have the flats and shops up by now. There are two relatively new blocks right next to **** park and they can't sell any of those ugly orange flats so little point in building new ones at this point. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 19 May, 2011 Share Posted 19 May, 2011 Dubai Phil will like this one... I heard this evening that Mr Chinnery has been splashing the cash - not necessarily into the Skates mind. Apparently invested $1.6M at a special event in Hong Kong. Link to comment Share on other sites More sharing options...
Dark Munster Posted 19 May, 2011 Share Posted 19 May, 2011 Two 4-1`s would be even better!! Or even better: http://www.saintsweb.co.uk/showthread.php?14620-Pompey-Takeover-Saga&p=1041819#post1041819 Link to comment Share on other sites More sharing options...
Dark Munster Posted 19 May, 2011 Share Posted 19 May, 2011 If this was a Russian/Chanrai stitch up I think they would have the flats and shops up by now. Chanrai may have got caught because he was trying to get one over on the child-maimer - just take control of the ground and the arms dealer couldn't do anything with his land. He then discovered he couldn't do anything either. or more likely, It was greed based on poor due diligence. His loan was covered by the stadium and the parachute payments and the transfer income - he couldn't lose.... On paper that sounds plausible. Lend £17M to a business with £20M of players, £15M of ground, development opportunies, a poorly managed £50M turnover, a few small debts hanging around - what could possibly go wrong? From that prospectus there is no way you couldn't get your money back. Then it turned out the transfer income was far less than estimated and already spoken for - and the parachute was redirected to the football creditors - and those small debts turned out to be HUGE. I've never classed him as the owner, he forcibly took over a business that defaulted on his loans - no one wanted it so he took over the club in an effort to get his money back - but there was no value in it to cover his loan repayments and suddenly he was caretaker of a business worth less than it's debts, and trading insolvently (another clear breach of FA rules). I believe the term for a potential buyer in these circumstances is the greater fool, and he hasn't found one yet. And the icing on the cake is that he was persuaded by Lumpitt and Stevie-boy to fund an expensively assembled "quality over quantity" squad to make a swift return to the PL. Talk about about throwing good* money after bad. * (well, dodgy maybe) Link to comment Share on other sites More sharing options...
Dark Munster Posted 19 May, 2011 Share Posted 19 May, 2011 Dubai Phil will like this one... I heard this evening that Mr Chinnery has been splashing the cash - not necessarily into the Skates mind. Apparently invested $1.6M at a special event in Hong Kong. A cement boot party, with Lumpitt and Stevie C. as guests of honour? Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 20 May, 2011 Share Posted 20 May, 2011 Astonishingly the Russians appear to have an amazing trait. They are so clever that even when ask for advice from experts in a particular field (with in their case around 10 years working as back office in different football clubs, talking to former England coaching staff and some of the most experienced M&A professionals in the business). They ignored the lot of them. Why? Because they are successful so of course they know better. Most independent types like these that get to the top - they know everything and never listen. But then quite often in the loo other things float to the top. An example of know it-alls who didn't listen? The Sinclair C5 amongst many many others. No, the Russians had information that this forum is aware of from some very highly respected people at the top of football..... Indeed, Abramovich thought he knew better than Mourinho. Link to comment Share on other sites More sharing options...
Doctoroncall Posted 20 May, 2011 Share Posted 20 May, 2011 The good thing is, the longer this uncertainty goes on the worse it'll be for them next season in terms of a playing squad. There is still time yet, look what happen last season, the last minute rush but they still got players in and are still in the championship. The only good point for this year is the little money they have for players (unless they can find some money down the back of a sofa) since they only have Lawrence as a saleable playing asset to raise funds. Let's see who the blue few sign first and that will show the intent of the owner/s. Link to comment Share on other sites More sharing options...
rallyboy Posted 20 May, 2011 Share Posted 20 May, 2011 Putting aside ownership and tax evasion, with pre-season starting in about five weeks, if I were Stevie boy I would be keen on gathering a team together VERY soon. I would also regard any p!ssing about in the US as a major distraction. Managers are already organising deals, the best players will be gone, and there is nothing at pompey to make a free player hold out in case they are interested - unless the madness continues. Sadly experience says that the stupid spending will carry on, I couldn't believe they carried on last year so I wouldn't be surprised if they sign someone on high wages again*. Other than one or two elderly Prem journeymen I can't see them finding enough quality to create a decent squad. The problem for the few is that they will get all excited if they sign someone like Robbie Keane or Wayne Bridge but they don't realise that it would just be Ben Haim revisited. Those sort of deals might get them 5/6 pts a season but would cripple the recovery of the business. Lawrence's wages could have generated several players from an academy over the next few years. But they made their choice and it was to pour millions of pounds into player's pockets and out of the game. Instead of young players development it has been spent on big cars, tattoos, and shiny tat. *Dave Whelan mentioned the figure of £20K a week as a Prem wagecap for solvent clubs - pompey offered two deals at that level in the championship and with massive debt - that just shows how barmy the pompey finances continue to be. Link to comment Share on other sites More sharing options...
Draino76 Posted 20 May, 2011 Share Posted 20 May, 2011 60wjd Thursday, May 19, 2011 at 09:01 AM Scummers come on here simply because there are not enough of them to have a decent conversation about their own club or alterately because there is nothing interesting to say about their club. Either way, lets do ourselves a favour and not react to their pathetic offerings. Puts face onto palm. 40Jägermeister Wednesday, May 18, 2011 at 02:47 PM LMAO Our club now makes a profit, yours doesn't and with the new fifa rules 'A CLUB CAN ONLY SPEND WHAT IT EARNS IN PROFITS' LOOKS LIKE THE SCUM WILL SPEND £ 0 LMAO Jägermeister revealyourself! Link to comment Share on other sites More sharing options...
Sevvy Posted 20 May, 2011 Share Posted 20 May, 2011 http://www.newsnow.co.uk/A/495579830?-11209 I will probably be slated by some for putting this link on here, but it is a good read lengthy though Link to comment Share on other sites More sharing options...
tony13579 Posted 20 May, 2011 Share Posted 20 May, 2011 http://www.howespercival.co.uk/people/Person.aspx?id=318 Nick has become particularly known for his contentious insolvency and fraud related work. He is regularly instructed on complex and high value insolvency related claims to advise on issues such as breach of duty by directors, preferences, transactions at an undervalue, wrongful trading and fraudulent trading. He also has considerable experience is seeking injunctive relief in relation to such claims, including freezing orders and search and seizure orders. In addition to being a founder member of FIRS (Forensic Insolvency Recovery Service) Nick was also instrumental in an initiative launched in tandem with the Insolvency Service to take civil recovery proceedings against delinquent directors on a conditional fee basis, to produce better returns to creditors. Nick is a fellow of the Association of Business Recovery Professionals (R3), to whom he has also lectured, and a member of the Insolvency Lawyers Association. I like the tone of this Link to comment Share on other sites More sharing options...
dubai_phil Posted 20 May, 2011 Share Posted 20 May, 2011 (edited) http://www.newsnow.co.uk/A/495579830?-11209 I will probably be slated by some for putting this link on here, but it is a good read lengthy though I find that article to be totally unbelievable - a Skate was supposed to have written that? C'mon.... One interesting "co-incidence" that also leapt out at the very beginning of that article Along with his partner Pierre Falcone and Christophe Mitterrand he was also accused of influence peddling and corruption] And the name Falcondrome crops up with Al Faraj every time Edited 20 May, 2011 by St Chalet Made the quote render. Link to comment Share on other sites More sharing options...
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