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So, what could be happening down the road.

 

Analysing the fact that the Russkies are Bankers, what is most likely to happen is that somehow the Russkies would pay with some form of Bank Instrument - can't see it being cash, they wouldn't need to move that.

 

So Chinny gets some form of paper that he can then place into a bank and have converted maybe a Bond? he gets a piece of paper, gets that turned into his money then steps back and walks away thinking "that was a close one".

 

Maybe that paper has some time line on it, certain things have to happen in certain order - no idea but watching the Banks send us all boobs up I'm sure it's all paper to start with, so maybe Chinny keeps his hand on the mortgage deeds (more paper)

 

Anyway the thing is some bank moves a piece of paper to another bank and Chinny gets the equivalent of a loan fully guaranteed by the piece of paper.

(ie walks away with cash no questions asked)

 

Move a piece of paper worth 30 mil out of Russia. Not that hard for these experts I would guess.

 

4 weeks later sell the club for 3mil cash to a scrap dealer. Perfect. They've turned a piece of paper into cash thank you very much and can afford to fill their McLaren F1 motor up with gas for another year.

 

Won't be how it is but won't be far off conceptually. All we need now is someone on here who understands global banking systems and tradeable papers.

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Phil, I think you should be OK. After all it's on football-rumours and they are about as a reliable source as my dog.

 

So think I mention some time ago was getting IP advice on stuff from future son-in-law.

 

Found out today what really "important" job a good industry mate of his is now doing :rolleyes:

 

Must buy extra beers when I see him next week :suspicious:

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CSI announce 'meeting/presss conference' next week........on facebook page....from POL....

 

@mayfield

 

yeah just had a look

 

"If everything goes smoothly, we will have press conference next week, but now, feel free to post your questions in comments to this post, it will give us a picture of what fans what to know. We won't answer then now, but you will get some answers during that conference. =)" they are even doing smilies ffs are these people for real?

 

 

Made me chuckle,just lovin' those smilies!!!lol.

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I'm curious to see exactly what they have bought....

 

Loan sharks don't lend interest free for a year or two then surrender all gambling cards without a decent payday.

If the figure of £15M is accurate it really wouldn't surprise me if he has held onto the ground and is renting it to them.

That was his original golden ticket to halt the child-maimer's plans, without the ground he has no control over his business enemy, nor the new owners.

With it he has full control of all - and the opportunity to ask top dollar for it down the line.

 

I can't see why he would include it for less than £20M - or has he still got first claim on transfers in?

There must be some little gem in the small print if he sold 'the club' for £15M.

 

 

Let's remember that any allegations aside, and there are a lot of them, these are the guys that couldn't produce enough funds to impress Bournemouth enough to even start negotiations.

 

To do all they want they need £100M to start with.

Their personal wealth isn't big enough to buy Bournemouth.

 

So, did I mention? - the figures don't stack up.

 

i have it on very good authority, that the sum paid by the russians, is in fact

 

 

 

 

 

less than £100

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I see that Pompey are entitled to 50% of any fee for Jason Pearce of Bompey. Would this money go to the creditors as the deal was done by the old company and is a football debt which must be paid in full. Or would the new company get the fee of course the ew company don't need it as their all billionaires.

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i have it on very good authority, that the sum paid by the russians, is in fact

 

 

less than £100

 

If that is the case then it makes more sense. I presume that that sum does not include Fratton Park. If it all goes tits up then they haven't lost much and could liquidate the company and walk away. They would have to do it early on so as not to be struck off as directors of their other businesses in this country if they were to trade while insolvent.

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"If everything goes smoothly, we will have press conference next week, but now, feel free to post your questions in comments to this post, it will give us a picture of what fans what to know. We won't answer then now, but you will get some answers during that conference. =)"

 

Sort of begs the question, exactly how unsmooth does it have to get to not be able to arrange a press conference?

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If that is the case then it makes more sense. I presume that that sum does not include Fratton Park. If it all goes tits up then they haven't lost much and could liquidate the company and walk away. They would have to do it early on so as not to be struck off as directors of their other businesses in this country if they were to trade while insolvent.

 

I'm sure they won't worry about a minor detail like that !!

:)

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Extract from the Land Registry entry:

 

Proprietorship Register

 

Title Absolute

 

(10.01.2011) PROPRIETOR: PORTSMOUTH FOOTBALL CLUB (2010) LIMITED (Co. Regn. No. 07264768 ) of Fratton Park, Frogmore Road, Southsea, Hants PO4 8RA.

 

(05.11.2009) RESTRICTION: No disposition of the registered estate by the proprietor of the registered estate is to be registered without a written consent signed by the proprietor for the time being of the charge dated 6 October 2009 in favour of Portpin Limited referred to in the Charges Register or without a certificate signed by each conveyancer of the Charge that the provisions of the Charge have been complied with or that they do not apply to the disposition.

 

(10.01.2011) The price stated to have been paid on 7 December 2010 was £7,042,000.

 

Charges Register

 

(03.06.2011) Proprietor: CONVERS SPORTS INITIATIVES PLC (Co. Regn. No. 07375628 ) of 2nd Floor, 159A Chase Side, Enfield, Middlesex EN2 0PW.

 

So, it looks to me as if the ground belongs to PFC, but has a mortgage against it; this mortgage being held by CSI. I'm not a property lawyer, so if anyone on here can interpret this further PM me and I'll send you the full LR copy.

 

Interesting, CSI have taken little time to get a charge registered on the property, and Gaydemak seems to have disappeared completely along with any previous mortgages - but interestingly if CSI (who presumbably own PFC 2010 now) want to do anything then they still have to get the ok from Portpin (Chainrai).So who is still in charge here?

 

and who valued the ground at £7m in December 2010 - that's a whole lot of scrap!!!

 

Ps Fowllyd - I'd be interested in seeing the original, if you can PM me that would be fantastic. I used to deal with this all the time a few years ago so will dust of the brain cells!

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Interesting, CSI have taken little time to get a charge registered on the property, and Gaydemak seems to have disappeared completely along with any previous mortgages - but interestingly if CSI (who presumbably own PFC 2010 now) want to do anything then they still have to get the ok from Portpin (Chainrai).So who is still in charge here?

 

and who valued the ground at £7m in December 2010 - that's a whole lot of scrap!!!

 

Ps Fowllyd - I'd be interested in seeing the original, if you can PM me that would be fantastic. I used to deal with this all the time a few years ago so will dust of the brain cells!

 

I expect the Russians as individuals own Portsmouth Football club now as shareholders as you cannot complete a mortgage over your own property. I expect to the encumberance listed by Baloo is probably no longer valid since the takeover and probably it is too early to show the lifting on the Land Register. I also seem to recall that the Football Stadium and the Car Park were owned by different individuals and it was Gaydamak who owned the car park. This is probably the reason why Gaydamak's name does not appear as the Mortgage by CSI is only on the Stadium.

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I expect the Russians as individuals own Portsmouth Football club now as shareholders as you cannot complete a mortgage over your own property. I expect to the encumberance listed by Baloo is probably no longer valid since the takeover and probably it is too early to show the lifting on the Land Register. I also seem to recall that the Football Stadium and the Car Park were owned by different individuals and it was Gaydamak who owned the car park. This is probably the reason why Gaydamak's name does not appear as the Mortgage by CSI is only on the Stadium.

 

Wow .... these guys are going to be mightily p!ssed off - they think they are getting an ARENA

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Interesting, CSI have taken little time to get a charge registered on the property, and Gaydemak seems to have disappeared completely along with any previous mortgages - but interestingly if CSI (who presumbably own PFC 2010 now) want to do anything then they still have to get the ok from Portpin (Chainrai).So who is still in charge here?

 

and who valued the ground at £7m in December 2010 - that's a whole lot of scrap!!!

 

Ps Fowllyd - I'd be interested in seeing the original, if you can PM me that would be fantastic. I used to deal with this all the time a few years ago so will dust of the brain cells!

 

One entry I missed putting in my previous post was this one, from the Charges Register:

 

(05.11.2009) REGISTERED CHARGE dated 6 October 2009.

 

That clearly relates to the Portpin charge. It must mean that it is still current, or it wouldn't still appear. But it may be that any further changes have not yet been entered into the Land Registry data. Maybe another download in a few weeks will tell us more.

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Ad from the top of the page, did anyone else see this one?

 

http://www.fishdating.co.uk/singlescatch?utm_source=google&utm_campaign=fish+dating+picture728x90-001&utm_term=dating%20uk&gclid=CNeUwOvlpakCFcod4QodJX_oug

 

I thought it was a wind-up but having clicked on the link, it seems genuine enough, even down to the picture of the *****r on the opening page.

 

I love this thread!

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My guess, FWIW, is:

 

They've bought the club for Chainrai's debt plus the CVA. So that's around £30 - £35 million, payable roughly half now (BC) and half in 4 years time (CVA).

 

When Chainrai's been paid, his fixed and floating charges, which were transferred over to the new Co. by the administrator, will be removed. Chainrai's looking for £15 - £20 million, so that will either be cash up front, or some of Phil's magical "instruments" which may be either payable on demand or future-dated (irrevocable but payable on a date some time in the future). The charge over Fratton Park will stay until all of the instruments have been cashed.

 

Any deal over the adjacent land for redevelopment or expansion is nothing to do with Chainrai. They will need a separate deal with Gaydamak. There is no word on whether they have one or not.

 

All of that is done and dusted for the next few years. The current issue is how much more actual cash are they going to put in every month from now onwards.

 

They need around 15 new players. If they're happy to aim for another absolutely brilliant season by just avoiding relegation, then that's an average of, say, £5k a week each (£500k a month incl. PAYE/NI). If they want to be competitive, make that average £10k (£1 million a month incl. PAYE/NI). Conservatively the 8 players thay have on their books at the moment are probably costing them around £100k a week + PAYE/NI (£650k a month). So that's a (player) wage bill of somewhere between £1.1 and £1.6 million a month next season.

 

On the assumption that the parachute payments have already been spoken for, the UHY cash flow from last year shows that they generate around £1.3 million a month from normal operatons, and have expenses of around £550k a month. That leaves £750k for players wages & PAYE/NI. They appear to be short of somewhere between £350k and £850k a month, depending on the quality (cost) and quantity of their new signings.

 

I guess that's the conversation Mr. Lampitt will be having with CSI Portsmouth in Cyprus this week.

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I'm getting "Sorry, that page doesn’t exist" on that twitter link. What does/did it say? Cheers

 

Try it again trousers, it still works for me.

 

Basically it says that Peter Storrie is making a return to football, suggesting pompey. He then qualifies it by stating he didn't say what club.

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Saints hero Peter Storrie is back in football...ish - on the committee at Liss and currently on a campaign to become chairman.

Lucky Liss.

 

And there are murmourings once again about the safety certificate on the Fratton Pk arena - that's a couple of very wooden stands, and there's a limit to how many times you can chuck flameproof paint on them and get away with it.

They have two big ticking timebombs awaiting massive investment.

 

I know they can shut half the ground and still get everyone in but it's not an ideal scenario.

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Saints hero Peter Storrie is back in football...ish - on the committee at Liss and currently on a campaign to become chairman.

Lucky Liss.

 

And there are murmourings once again about the safety certificate on the Fratton Pk arena - that's a couple of very wooden stands, and there's a limit to how many times you can chuck flameproof paint on them and get away with it.

They have two big ticking timebombs awaiting massive investment.

 

I know they can shut half the ground and still get everyone in but it's not an ideal scenario.

 

Funny you say that, I was driving on the motorway between Liss and Liphook the other day and could have sworn Carlos Tevez overtook me in a Bentley Continental

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Ad from the top of the page, did anyone else see this one?

 

http://www.fishdating.co.uk/singlescatch?utm_source=google&utm_campaign=fish+dating+picture728x90-001&utm_term=dating%20uk&gclid=CNeUwOvlpakCFcod4QodJX_oug

 

I thought it was a wind-up but having clicked on the link, it seems genuine enough, even down to the picture of the *****r on the opening page.

 

I love this thread!

 

My lad got dumped the other evening - his Poopey mate said, 'Don't worry there's plenty more fish in the sea.......' Sick b@st@rd

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Try it again trousers, it still works for me.

 

Basically it says that Peter Storrie is making a return to football, suggesting pompey. He then qualifies it by stating he didn't say what club.

 

Cheers - yep, works on my laptop but not on my wonderous gadget they call the iPhone....

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Christ is this thread still going?

I look forward to some summer entertainment.

I am meeting my original informer who gave me the info to start this thread tomorrow for a pint. I am sure he will have some more revelations.

 

Anything to report from your meeting last week FF? Cheers

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I see Storrie and Milan are up to witness 6 in their court case. It seems a bit drawn out and in depth seeing as they on several occasions tried to get the charges dropped and the case thrown out.

 

Any ideas on if they will be bricking it yet or not?

Edited by saintjay77
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My guess, FWIW, is:

 

They've bought the club for Chainrai's debt plus the CVA. So that's around £30 - £35 million, payable roughly half now (BC) and half in 4 years time (CVA).

 

When Chainrai's been paid, his fixed and floating charges, which were transferred over to the new Co. by the administrator, will be removed. Chainrai's looking for £15 - £20 million, so that will either be cash up front, or some of Phil's magical "instruments" which may be either payable on demand or future-dated (irrevocable but payable on a date some time in the future). The charge over Fratton Park will stay until all of the instruments have been cashed.

 

Any deal over the adjacent land for redevelopment or expansion is nothing to do with Chainrai. They will need a separate deal with Gaydamak. There is no word on whether they have one or not.

 

All of that is done and dusted for the next few years. The current issue is how much more actual cash are they going to put in every month from now onwards.

 

They need around 15 new players. If they're happy to aim for another absolutely brilliant season by just avoiding relegation, then that's an average of, say, £5k a week each (£500k a month incl. PAYE/NI). If they want to be competitive, make that average £10k (£1 million a month incl. PAYE/NI). Conservatively the 8 players thay have on their books at the moment are probably costing them around £100k a week + PAYE/NI (£650k a month). So that's a (player) wage bill of somewhere between £1.1 and £1.6 million a month next season.

 

On the assumption that the parachute payments have already been spoken for, the UHY cash flow from last year shows that they generate around £1.3 million a month from normal operatons, and have expenses of around £550k a month. That leaves £750k for players wages & PAYE/NI. They appear to be short of somewhere between £350k and £850k a month, depending on the quality (cost) and quantity of their new signings.

 

I guess that's the conversation Mr. Lampitt will be having with CSI Portsmouth in Cyprus this week.

 

And on top of this there would be costs such as transfer fees, signing on fees, agent's fees, etc.

 

As rallyboy keeps teling us, the sums just don't add up!

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Post 106 is more worrying - looks like we are going down the pan fast.

 

106.At 13:20 8th Jun 2011, The _Real_Truth wrote: southampton built a new stadium on the back of them going into administration and are again doing into debt. At the current rate it will only be a matter of time before they do the same again.

 

 

 

Dear Lord how to these people manage to even type?

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Dear Lord how to these people manage to even type?

 

106.At 13:20 8th Jun 2011, The _Real_Truth wrote: southampton built a new stadium on the back of them going into administration and are again doing into debt. At the current rate it will only be a matter of time before they do the same again.

 

He is right though, apparently it is only a matter of time before we build (yet another) new stadum... ;)

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Still going on in Southwark Crown Court 7 tomorrow.

http://www.courtserve.net/courtlists/current/crown/sthwk_T110608.01.htm

 

 

Monday (6th) there seemed to be some sort of issue with the servers (?) or something because the all the cases seem to start at exactly 13:28 whereas most had started earlier.

The only entry from "InCourts" was a repeat of the final entry from Friday

(http://incourts.co.uk/Daily/Monday/Southwark.html)

 

so I think that might be residual info from friday http://incourts.co.uk/Daily/Friday/Southwark.html

 

 

Today (7th) didn't start until 11:00 and "Lawpages" had something strange, it produced 2 entries for the same Court 7 case ?

Which at one stage this afternoon said something about Witness 4.

 

However there is another entry (with only PS) that just says Witness 6 has been sworn in this morning.

 

http://www.thelawpages.com/court-hearings-lists/Southwark-crown-court.php

 

So I am not sure what is going on.

? Some of those entries could be the missing ones from Monday??

? Why is there a entry for Storrieteller on his own (both were at court today I believe PS at 10:07 & MM at 11:08 ) ??? (MM changes sides ??, MM case dropped ??, Computer Error ??)

 

I am led to believe a jury member did not turn up on one of the days. On the other day a witness, who lives abroad, could not connect via their web-link, so their evidence has been thrown out (after various attempts to connect) and they have refused to come to England for the case.

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Storrie is not going back to Pompey any time soon. For starters, his court case is due to last 8 weeks.

 

I thought this thread getting to 40K threads or 2M views might coincide with the result of that case but I suspect not now.

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Well, I've found a few of my previous efforts that I thought I'd lost somewhere in the 796 pages of this thread. Still gives me a chuckle, and I hope it does you too - enjoy;

 

5f5c19bba6ed4f31be34ba6z.jpg

 

pompeylol.png

 

armadrome.jpg

 

pompeysite.jpg

 

portsmouthresize.jpg

 

whereswhereskaliniccopy.jpg

 

peterstorrietellerpart1.jpg

 

And of course, a couple of pics of the world's best fans travelling away;

 

Sunderland

 

sundg.jpg

 

Wigan

 

pompeyp.jpg

 

 

"Blue Army!"

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It will take the rest of the night, to stop laughing..........top post.

 

Thanks... I guess I had a lot of time on my hands! I know I intended to write more but I just got bored, I think. Still, it appears the material keeps coming so I may revisit it again in the future!

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