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Pompey Takeover Saga


Fitzhugh Fella

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Mate of mine on FB just heard something on Solent about the 'other' Rupert Lowe being part of the (or a) consortium - guess same guy mentioned a few pages back.

 

Also....the few have spoken. Bless....but I don't think AA really gives a sh1t, but nice try.

 

http://www.pompeytrust.com/index.php?option=com_content&view=article&id=360:pst-statement-18012012&catid=34:demo-category

 

They're conveniently forgetting that AA is not administrator of Pompey, and his only duty of care lies to the creditors of CSI. PFC is nothing more a headache to get off CSI's books...

 

Telling the FL they have a duty of care? Hope the FL tells them where to go.

 

It's literally unbelievable that they do not see the link between their current hardships and the brief flirtation with success that they enjoyed last decade.

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I just hope they have checked that Southsea Common is free on the glorious day as where else could you find room for all the loyal,faithful fans that have turned up in such numbers to support their plucky little team through thick and thin,awh bless.

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Pompey’s assets lie in its support and potential, but they hardly have a tangible financial value, and, I would guess, be unattractive to the average Wall Street trader.

 

:lol::lol:

 

On a website which looks like a teenager’s GCSE project gone wrong, Cala outlines his plans to sell his cruise ships for $600m a piece.

 

:lol::lol:

 

After using the personal 100m euro fortune he claims to have to wipe out the club’s debts, he will float Pompey on the New York Stock Exchange.

 

 

:lol: enough! you're killing me :lol::lol:

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They're conveniently forgetting that AA is not administrator of Pompey, and his only duty of care lies to the creditors of CSI. PFC is nothing more a headache to get off CSI's books...

 

Telling the FL they have a duty of care? Hope the FL tells them where to go.

 

It's literally unbelievable that they do not see the link between their current hardships and the brief flirtation with success that they enjoyed last decade.

 

The trouble is, Pompey is CSI. There's nothing else.

 

Also, the Pompey Trust need to realise that if the FL block all the chancers, loan sharks and criminals, there will be nobody to buy the club.

 

Boom. Toast.

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All, as funny as naming or hinting about the identity of our Pet Skate must be for you all I'd ask that you refrain.

 

This thread has benefited from his insane fingers in ears delusion for the past 958 pages and kept us in lols during the lulls. I'd hate to think we'd miss any scoops that he has gleaned from his contact high up in the club who he sees socially every fortnight as a result if we drove him away.

 

Back to the thread, I see that another Thursday has passed with no new owner.

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All, as funny as naming or hinting about the identity of our Pet Skate must be for you all I'd ask that you refrain.

 

This thread has benefited from his insane fingers in ears delusion for the past 958 pages and kept us in lols during the lulls. I'd hate to think we'd miss any scoops that he has gleaned from his contact high up in the club who he sees socially every fortnight as a result if we drove him away.

 

Back to the thread, I see that another Thursday has passed with no new owner.

 

Can I borrow your time machine to find out the lottery numbers ;)

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more bad news, after a recount it seems The News has decided the bestest weren't quite as bestest as they thought they were prior to the mass abandoning of the sunken ship....

 

It was a moment witnessed by an estimated 80,000 Pompey fans crammed onto Southsea Common.

 

Where have the other mythical 170,000 gone?

Presumably to the same place as the £35M playing squad and the £130M debt.

 

Funny how none of the figures stack up these days.

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All it needs is the 200,000 fans to meet again on Southsea common clutching a £20 note to donate to the club. Just to clarify, that's £20 each not between them.:lol:

 

Apparently that wouldn't even cover the wages for 8 of their players until the end of the season - gonna have to do better than that.

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It's hard to believe it could be true. 1000th page by the end of the month, anybody?

My own little conspiracy theory remains that Cala will buy on HP again from Chinny at exorbitant interest rates, he will spunk what little he has on some new & overpriced players for his shot at the big-time, & when it inevitably goes t1ts up, it will emerge that Chinny still has a charge over everything, so yet again the unsecured creditors will get screwed, and Handy Andy will reappear, 'desperately' searching for a new owner to take the club forward. Then the whole process will be repeated until the PPs have run out & he lets them die. Hell - 1000th page, we're talking 2K at least on this saga.

 

Yep, that's it in a nutshell.

 

Sad, isn't it?

 

:lol:

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And there Ladies and Gentlemen you have it.

 

Proof (once again) that since the summer the posters n this thread have been RIGHT.

 

Despite all the statements, despite Lampitt's appointment, and DESPITE THE FL OVERSEEING THE CLUB CLOSELY - an admission in Public that the club HAS been run in a way that it has NOT been under wise Financial Stewardship - AGAIN.

 

Proof that they still spent money that they did not have UNLESS CSI gave it to them.

 

But again - Joe baby. You CANNOT simply tear up footballers contracts. Those liabilities will stay with you for YEARS. You think a 10 point penalty is a problem? Hell you tear those up and you won't be embargoed, or deducted you'll simply be banned AND still taken to court for the full amounts due.

 

Dear Mr. JoCa,

 

Please ignore the deluded ramblings from the golfer in Dubai. Most of us here think you ideas are brilliant. The undersea casino idea is genius, but you've topped yourself with the plan of getting rid of Cheats FC's 8 highest earners. Who could possibly argue that that would help make the club healthy again?

 

We're behind you 100%, and we wish you every success in your endeavors to become their 6th owner in the last couple of years. And if you do, we are confident that your visions will make the achievements of the past owners pale in comparison.

 

Love,

The PTS Nutjobs

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I don't know what I would prefer now, a Cala takeover or liquidation? They deserve to go pop but for comedy value I'd love to see the fish fancying loon take charge.

 

"Pompey's going down like a hotel submarine"

 

Say what you will about Cala (and the guy is clearly either barking mad or a Chinny patsy), but this quote of his stands out:

 

“I will not come in and spend money just to prove I have it. I say to the fans, trust me, I will spend what we earn.”

 

Its about the most realistic and achievable ambition to have come out of that shambles in years.

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Memo: note to Football League. This is how to deal with cheats

 

http://www.guardian.co.uk/football/2012/jan/18/neuchatel-xamax-swiss-league-allegations

Sort of sums up my thoughts on Rallyboy's earlier post asking who is to blame.

 

My votes go to:

 

1. Mawhinney (for retiring too soon)

2. Storrie

3. The FL board

 

in that order.

 

You can't expect the league to take decisions on who can or can't own or invest in football clubs. But you can expect them to manage the league, and punish indiscretions.

 

-10 points for insolvency is all well & good, but mostly too late. What about:

 

-3 for failing to file your accounts on time

-5 for presenting inaccurate, incomplete or misleading financial details to the league

-3 for paying wages late

-3 for paying your taxes late

-3 for late payment due to other clubs for transfer fees or loans

+10 for not paying agents ;)

 

It wouldn't keep the crooks out, but it would make life much more difficult for them once they were in.

 

And that magic number 48 that causes them so much difficulty down there. Their views on 48 hours to salvation and how to spend the rest of the £48m parachute payments makes me think of a Zimbabwean bungee cable.

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Can I borrow your time machine to find out the lottery numbers ;)

 

You don't need to be Nostradamas to work out that no new owner today. Happy to ne wrong if it is Cala.

 

Predictive text on my phone gives 'calamity' when you type 'Cala', how apt.

 

Sent from my HTC using Tapatalk

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...if AA does a deal with Joseph cala and Pompey agree as well then they will sign their own death warrant

 

Yeah, that's the spirit! Pompey should just refuse to be sold to someone they don't like!

 

:lol:

Edited by Torres
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this hilariously drawn-out tale of delusion and stupidity is starting to have a dark feeling to it, a sort of climatic, last chopper out of the last chance saloon, terminal edge about it...

 

If they are approaching the end of this five year train crash, who is most to blame?

Storrie and Redknapp for living a crazy dream?

Mandaric for overspending to get out of the championship and setting the benchmark?

Football itself for being unrealistic and encouraging debt?

Mandaric for selling to unsuitable owners?

The arms dealer for pretending he didn't own the club so he could clean money?

The deluded fans for ignoring the alarm bells and behaving like mentally-scarred abuse victims by welcoming any dubious stranger who showed them affection?

AA for lining up unsuitable owners?

AA for lining up owners that didn't exist?

Chanrai for taking advantage of an injured business in need of loans? Three times.

The Russians for turning out to be linked to criminal activity when all we knew about them prior to them buying was that they were linked to criminal activity?

The football authorities for allowing dodgy owners in?

Lampitt for continuing to overspend money he knew they would never have?

 

They all have their part to play and despite the blatant mistakes made by Lampitt, AA, Chanrai and some minor characters I would imagine the business was terminally damaged around the time that Mandaric sold.

No clean owners could be found at that point and massive amounts of arms cash was needed to stabilise the club.

 

When it became apparent that the house built on sand was actually a rickety shed built on a bloody heap of children's amputated limbs there was no way back.

 

The last two or three years have been mainly about trying to sell a wheezy tortoise with a gammy leg as a racehorse, so if we were looking at who was responsible for this farce I would suggest that perhaps Mandaric, Storrie and Redknapp started the ball rolling, and it hasn't stopped yet.

That trio might be in court for tax offences related to the club but IMO they should be in court for damage to the club, it started on their watch.

 

In may be over soon, it may not, but in all fairness the club won't be lost this year because of the appalling decisions by Lampitt and AA, it was fatally damaged several years back, but no one would admit it.

 

And please don't tell me that all was well until the child-maimer's money was suddenly frozen, the train was clearly de-railed before that.

If you get in bed with arms dealers or sharks, don't moan when you get bitten or shot.

The last couple of years has seen a variety of fire-fighting methods to try and save the business, but idiotic ones at every turn - quality over quantity caused massive damage, and when a lunatic like Cala points out the wages problem you know it was a stupid plan.

 

Cala could be the final nail in the coffin, he's clearly a potless fantasist and as he appears to be mentally ill I would feel uncomfortable laughing at him.

 

 

 

Briefly.

 

Excellent precis (can't do accents) Really should be on the minutes of the FL meeting tomorrow. There could be a pile of incriminating documents taller than that elephant in the room!

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I don't know what I would prefer now, a Cala takeover or liquidation? They deserve to go pop but for comedy value I'd love to see the fish fancying loon take charge.

 

"Pompey's going down like a hotel submarine"

 

I can just hear that being sung at SMS. You might be onto something. Lol

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Listened to Solent this morning. In short they know absolutely nothing, and AA would not answer their calls yesterday afternoon and evening. They even resorted to re-playing the interview with Colin Farmery (who seems to be one of the few decent blue few) from the night before. He is just a fan, who presumably gets most of his info from the media, such as Solent!

 

It's now somehting like 14 days since AA said new owner in 7-10 days ,or even 48 hours, and also that money was needed in time to pay January wages. Does anyone know if the rumour about Chainrai lending even more is true? If so, was that to cover wages this month? Because the wage bill payment seems to me to be the big crunch time. If they can't pay, the FL will have to take action surely? I'm surprised the yhaven't so far. Compared with what they did to Bournemouth and even more so to Luton, they seem to be being surprisingly tolerant towards Pompey.

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Missed this little nugget in that 'exclusive'...

 

“In the 1980s I was a broker between banks and developers in Hawaii and I operated on a fee of 30 per cent of equity on successful projects. I was involved in major hotel developments including the Grand Wailea and the Western Maui.”

 

Come on money men, really!, 30% brokering fees!!

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Listened to Solent this morning. In short they know absolutely nothing, and AA would not answer their calls yesterday afternoon and evening. They even resorted to re-playing the interview with Colin Farmery (who seems to be one of the few decent blue few) from the night before. He is just a fan, who presumably gets most of his info from the media, such as Solent!

 

It's now somehting like 14 days since AA said new owner in 7-10 days ,or even 48 hours, and also that money was needed in time to pay January wages. Does anyone know if the rumour about Chainrai lending even more is true? If so, was that to cover wages this month? Because the wage bill payment seems to me to be the big crunch time. If they can't pay, the FL will have to take action surely? I'm surprised the yhaven't so far. Compared with what they did to Bournemouth and even more so to Luton, they seem to be being surprisingly tolerant towards Pompey.

 

And that, in a nutshell, is what most on here find so puzzling!

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