Fans sign conditional agreement to buy Pompey

Fratton Park

Fratton Park

First published in Sport

Portsmouth's administrators have signed a conditional agreement to sell the League One club to the Pompey Supporters' Trust.

Trevor Birch, of administrators PKF, confirmed today they have signed an agreement with the PST which is subject to receiving permission to sell Fratton Park.

The move comes after the administrators withdrew preferred bidder status from Portpin, the largest creditor in the Portsmouth Football Club (2010) administration, more than three weeks ago and named PST as the preferred bidders.

''We can confirm that we have signed a sale agreement with the PST to acquire the business of Portsmouth Football Club,'' Birch said in a statement.

''Portpin has rejected the Trust's offer for Fratton Park, so the sale has to be conditional on receiving the Court's permission to sell the ground. We are therefore in the process of submitting an application to the Court.

''I'm sure every member of staff, every player and every supporter will join with me in wishing to see a speedy resolution of what has been a protracted administration.

''Everyone involved in the transaction has worked incredibly hard to get the deal to this stage and, although there is still much that needs to be done, today's announcement marks what is hopefully the beginning of the end of the process.''

Comments (35)

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9:48am Thu 15 Nov 12

Little Hitler says...

Where's the granny?
Where's the granny? Little Hitler
  • Score: 0

9:48am Thu 15 Nov 12

mack chinnon says...

This ones going to run and run.
Come on Donny.
This ones going to run and run. Come on Donny. mack chinnon
  • Score: 0

9:51am Thu 15 Nov 12

mack chinnon says...

"Theres still much that needs to be done"
Your not kidding.
HA HA HA HA HA HA HA HA.
Come on Donny.
"Theres still much that needs to be done" Your not kidding. HA HA HA HA HA HA HA HA. Come on Donny. mack chinnon
  • Score: 0

9:58am Thu 15 Nov 12

costa gaz says...

How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA.

The tiger (Chanrai) is wounded but now at his most dangerous.
Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered.
This will go on for a lot longer than the blue few think.
How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA. The tiger (Chanrai) is wounded but now at his most dangerous. Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered. This will go on for a lot longer than the blue few think. costa gaz
  • Score: 0

10:00am Thu 15 Nov 12

Sussex Saint says...

I understand all those signatures were actually "X's" they could find anyone that could actually spell their own name
I understand all those signatures were actually "X's" they could find anyone that could actually spell their own name Sussex Saint
  • Score: 0

10:28am Thu 15 Nov 12

randre says...

Well, they need to get it sorted... There is a nice -10 wind chill coming their way.
Well, they need to get it sorted... There is a nice -10 wind chill coming their way. randre
  • Score: 0

10:39am Thu 15 Nov 12

Seedhouse the Unrepentant says...

I was in favour of their attempt to buy their own club. However, the last few weeks has seen their fans try and mess our forum up, it is driving decent sensible posters away.

I hope this drags on and on. I hope Chainrai stiffs it out until the end with some brilliant delaying tactics. I hope Birch continues to run up massive administration bills. I hope the Few continue to in fight. And last but most certainly not least I hope they go out of business for good.
I was in favour of their attempt to buy their own club. However, the last few weeks has seen their fans try and mess our forum up, it is driving decent sensible posters away. I hope this drags on and on. I hope Chainrai stiffs it out until the end with some brilliant delaying tactics. I hope Birch continues to run up massive administration bills. I hope the Few continue to in fight. And last but most certainly not least I hope they go out of business for good. Seedhouse the Unrepentant
  • Score: 0

10:50am Thu 15 Nov 12

Sir Alan Knight says...

Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.
Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong. Sir Alan Knight
  • Score: 0

11:04am Thu 15 Nov 12

randre says...

Sir Alan Knight wrote:
Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.
Yep, still in the Premiership, thats where we will be on Saturday, regardless of the result. So I congratulate you, you are correct, the Premiership IS where we belong, as you rightly say.

However you will be one league above where you rightly belong... But it won't last!!
[quote][p][bold]Sir Alan Knight[/bold] wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.[/p][/quote]Yep, still in the Premiership, thats where we will be on Saturday, regardless of the result. So I congratulate you, you are correct, the Premiership IS where we belong, as you rightly say. However you will be one league above where you rightly belong... But it won't last!! randre
  • Score: 0

11:12am Thu 15 Nov 12

Costa Baz says...

Am I right in thinking the money obtained from selling the ground would then be passed on to Portpin, to clear his debenture?

Well, I hope the best bid the trust have received, for the ground, has been made by a company that has it's roots in Portpin.

Chanrai paying himself to go away, but actually tightening his grip on the scabby little club???

Now that WOULD make me laugh.
Am I right in thinking the money obtained from selling the ground would then be passed on to Portpin, to clear his debenture? Well, I hope the best bid the trust have received, for the ground, has been made by a company that has it's roots in Portpin. Chanrai paying himself to go away, but actually tightening his grip on the scabby little club??? Now that WOULD make me laugh. Costa Baz
  • Score: 0

11:12am Thu 15 Nov 12

GX Saint says...

So alost 2 hours after this story goes up I'm the 10th comment. Speaks volumes for the level on interest.

Main light at the end of the tunnel for me is the -10. Apart from that I couldn't give a t0ss what happens down there.
So alost 2 hours after this story goes up I'm the 10th comment. Speaks volumes for the level on interest. Main light at the end of the tunnel for me is the -10. Apart from that I couldn't give a t0ss what happens down there. GX Saint
  • Score: 0

11:15am Thu 15 Nov 12

GX Saint says...

GX Saint wrote:
So alost 2 hours after this story goes up I'm the 10th comment. Speaks volumes for the level on interest. Main light at the end of the tunnel for me is the -10. Apart from that I couldn't give a t0ss what happens down there.
almost
[quote][p][bold]GX Saint[/bold] wrote: So alost 2 hours after this story goes up I'm the 10th comment. Speaks volumes for the level on interest. Main light at the end of the tunnel for me is the -10. Apart from that I couldn't give a t0ss what happens down there.[/p][/quote]almost GX Saint
  • Score: 0

11:26am Thu 15 Nov 12

saint63 says...

Why not -20 pts all the other clubs ie Luton were hammered by the FL , this club is an embarrasment to all things ethical about running a business , how the Poopey trust are going to fulfill this is quality just lay down and start again from the bottom COYR
Why not -20 pts all the other clubs ie Luton were hammered by the FL , this club is an embarrasment to all things ethical about running a business , how the Poopey trust are going to fulfill this is quality just lay down and start again from the bottom COYR saint63
  • Score: 0

11:34am Thu 15 Nov 12

saint63 says...

Sir Alan Knight wrote:
Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.
We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR
[quote][p][bold]Sir Alan Knight[/bold] wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.[/p][/quote]We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR saint63
  • Score: 0

11:34am Thu 15 Nov 12

saint63 says...

Sir Alan Knight wrote:
Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.
We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR
[quote][p][bold]Sir Alan Knight[/bold] wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.[/p][/quote]We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR saint63
  • Score: 0

12:18pm Thu 15 Nov 12

City Saint says...

There will be appeal atfter appeal from whoever loses the first court battles over the shed they call a ground. Time is not on the club's side. My understanding is that the league would not allow them to play two consecutive seasons in administration.

So if no deal on the shed by August 2013, p*mpey goes pop.
There will be appeal atfter appeal from whoever loses the first court battles over the shed they call a ground. Time is not on the club's side. My understanding is that the league would not allow them to play two consecutive seasons in administration. So if no deal on the shed by August 2013, p*mpey goes pop. City Saint
  • Score: 0

12:42pm Thu 15 Nov 12

on the ball city never mind the danger says...

saint63 wrote:
Sir Alan Knight wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.
We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR
will be visiting little india ( st marys ) on the 28th november 2012 for norwich game hope the southampton defence is still sleeping that night

on this subject about portsmouth & southampton the biggest club is the one who has won more league titles more fa cups more noisy fans from a norwich fans point of view portsmouth will always be the NO1

super grant holt is better than lambert proven
[quote][p][bold]saint63[/bold] wrote: [quote][p][bold]Sir Alan Knight[/bold] wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.[/p][/quote]We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR[/p][/quote]will be visiting little india ( st marys ) on the 28th november 2012 for norwich game hope the southampton defence is still sleeping that night on this subject about portsmouth & southampton the biggest club is the one who has won more league titles more fa cups more noisy fans from a norwich fans point of view portsmouth will always be the NO1 super grant holt is better than lambert proven on the ball city never mind the danger
  • Score: 0

12:54pm Thu 15 Nov 12

SO50 Saint says...

So by the way you are talking that means Ipswich are by far the bigger team in East Anglia.
So by the way you are talking that means Ipswich are by far the bigger team in East Anglia. SO50 Saint
  • Score: 0

12:57pm Thu 15 Nov 12

Saintcosser says...

This still won't save The Skates from League 2 football and then the Conference. I did chuckle at the losing to QPR comment from Alan Knight. Sounds like his been drinking............
.again.
This still won't save The Skates from League 2 football and then the Conference. I did chuckle at the losing to QPR comment from Alan Knight. Sounds like his been drinking............ .again. Saintcosser
  • Score: 0

12:59pm Thu 15 Nov 12

Saintcosser says...

Ipswich are bigger than Norwich. However, Norwich fans have more fingers and toes than Ipswich fans.
Ipswich are bigger than Norwich. However, Norwich fans have more fingers and toes than Ipswich fans. Saintcosser
  • Score: 0

1:14pm Thu 15 Nov 12

Little Hitler says...

on the ball city never mind the danger wrote:
saint63 wrote:
Sir Alan Knight wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.
We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR
will be visiting little india ( st marys ) on the 28th november 2012 for norwich game hope the southampton defence is still sleeping that night on this subject about portsmouth & southampton the biggest club is the one who has won more league titles more fa cups more noisy fans from a norwich fans point of view portsmouth will always be the NO1 super grant holt is better than lambert proven
Oh yes the fish fiddlers are known across the land for being the bestist supports in the land. What with the 7,000 or so who turn up at Farton Krap and the 100 or so who went to Bury recently and left at half time.

I believe they HAVE won more trophies but if you did some investigation you'll find that the 2 league titles were mainly due to the fact that they reaped the benefits of players from around the country being based in Fishville during the war. The most recent FA Cup win was purchased using daddy's credit card but then they couldn't be bothered paying the bill!

Anyway, the here and now should be the measure of the biggest club (whatever that is). If we use your logic then we could argue that Greece is the best country in the world and Liverpool the best football club. Now that's OBVIOUSLY right!

Holt better than Lambert = LOL
[quote][p][bold]on the ball city never mind the danger[/bold] wrote: [quote][p][bold]saint63[/bold] wrote: [quote][p][bold]Sir Alan Knight[/bold] wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.[/p][/quote]We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR[/p][/quote]will be visiting little india ( st marys ) on the 28th november 2012 for norwich game hope the southampton defence is still sleeping that night on this subject about portsmouth & southampton the biggest club is the one who has won more league titles more fa cups more noisy fans from a norwich fans point of view portsmouth will always be the NO1 super grant holt is better than lambert proven[/p][/quote]Oh yes the fish fiddlers are known across the land for being the bestist supports in the land. What with the 7,000 or so who turn up at Farton Krap and the 100 or so who went to Bury recently and left at half time. I believe they HAVE won more trophies but if you did some investigation you'll find that the 2 league titles were mainly due to the fact that they reaped the benefits of players from around the country being based in Fishville during the war. The most recent FA Cup win was purchased using daddy's credit card but then they couldn't be bothered paying the bill! Anyway, the here and now should be the measure of the biggest club (whatever that is). If we use your logic then we could argue that Greece is the best country in the world and Liverpool the best football club. Now that's OBVIOUSLY right! Holt better than Lambert = LOL Little Hitler
  • Score: 0

1:22pm Thu 15 Nov 12

on the ball city never mind the danger says...

Saintcosser wrote:
Ipswich are bigger than Norwich. However, Norwich fans have more fingers and toes than Ipswich fans.
the lifeboat crew
because its fullof women & kids
[quote][p][bold]Saintcosser[/bold] wrote: Ipswich are bigger than Norwich. However, Norwich fans have more fingers and toes than Ipswich fans.[/p][/quote]the lifeboat crew because its fullof women & kids on the ball city never mind the danger
  • Score: 0

1:49pm Thu 15 Nov 12

on the ball city never mind the danger says...

MADE IN TURKEY
MADE IN TURKEY on the ball city never mind the danger
  • Score: 0

1:50pm Thu 15 Nov 12

SO50 Saint says...

Sir Alan Knight - I believe that once the PST (Paedo's, Seniles and Trannies) Take over you will be losing 10 of your hard earned points so not quite onwards and upwards more like onwards and downwards. Enjoy your trip to Hartlepool I believe it will be a relegation 6 pointer much like our trip to QPR. When we went there first season I felt it really was a turning point for the club and a decent away win. If it's a midweek trip the town is kinda like a ghost town afterwards though
Sir Alan Knight - I believe that once the PST (Paedo's, Seniles and Trannies) Take over you will be losing 10 of your hard earned points so not quite onwards and upwards more like onwards and downwards. Enjoy your trip to Hartlepool I believe it will be a relegation 6 pointer much like our trip to QPR. When we went there first season I felt it really was a turning point for the club and a decent away win. If it's a midweek trip the town is kinda like a ghost town afterwards though SO50 Saint
  • Score: 0

2:12pm Thu 15 Nov 12

costa gaz says...

on the ball city never mind the danger wrote:
saint63 wrote:
Sir Alan Knight wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.
We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR
will be visiting little india ( st marys ) on the 28th november 2012 for norwich game hope the southampton defence is still sleeping that night

on this subject about portsmouth & southampton the biggest club is the one who has won more league titles more fa cups more noisy fans from a norwich fans point of view portsmouth will always be the NO1

super grant holt is better than lambert proven
On the ball city, glad you are looking foward to your visit to St Mary's.
Will uncle mum and auntie dad be comming with you?
No wonder you are on the side of the two toed mutants from east Hampshire.
Birds of a feather ....
High six!!!!!!!
[quote][p][bold]on the ball city never mind the danger[/bold] wrote: [quote][p][bold]saint63[/bold] wrote: [quote][p][bold]Sir Alan Knight[/bold] wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.[/p][/quote]We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR[/p][/quote]will be visiting little india ( st marys ) on the 28th november 2012 for norwich game hope the southampton defence is still sleeping that night on this subject about portsmouth & southampton the biggest club is the one who has won more league titles more fa cups more noisy fans from a norwich fans point of view portsmouth will always be the NO1 super grant holt is better than lambert proven[/p][/quote]On the ball city, glad you are looking foward to your visit to St Mary's. Will uncle mum and auntie dad be comming with you? No wonder you are on the side of the two toed mutants from east Hampshire. Birds of a feather .... High six!!!!!!! costa gaz
  • Score: 0

2:17pm Thu 15 Nov 12

on the ball city never mind the danger says...

the lovely smell of fawley
fills the scumhampton air
the lovely smell of fawley fills the scumhampton air on the ball city never mind the danger
  • Score: 0

2:22pm Thu 15 Nov 12

SO50 Saint says...

I get the feeling this bloke doesn't actually shag canaries he actually fiddles with fish
I get the feeling this bloke doesn't actually shag canaries he actually fiddles with fish SO50 Saint
  • Score: 0

3:52pm Thu 15 Nov 12

Stroppy_gramps says...

quite clearly he's not interested in discussion, he's just here to try and score cheap points by makesilly comments.

ignore the troll and it fades away.

all that matter is getting behind the Saints and cheering them all the way. Leave History to the historians and the bitter who wish to try and live upon past glories.
One point above relegation will do me nicely and the best way I can help Southampton achieve that is by singing and cheering them on as loud as I can.
quite clearly he's not interested in discussion, he's just here to try and score cheap points by makesilly comments. ignore the troll and it fades away. all that matter is getting behind the Saints and cheering them all the way. Leave History to the historians and the bitter who wish to try and live upon past glories. One point above relegation will do me nicely and the best way I can help Southampton achieve that is by singing and cheering them on as loud as I can. Stroppy_gramps
  • Score: 0

4:07pm Thu 15 Nov 12

Sir Alan Knight says...

Super Shaun Derry to score Saturday
Super Shaun Derry to score Saturday Sir Alan Knight
  • Score: 0

5:05pm Thu 15 Nov 12

Normandy says...

Poor old Pompy, no one else serious
wants the dump, they must all be pretty depresed and have to follow
Saints fans comments
I give it one season before they go under max.
Poor old Pompy, no one else serious wants the dump, they must all be pretty depresed and have to follow Saints fans comments I give it one season before they go under max. Normandy
  • Score: 0

7:48pm Thu 15 Nov 12

PTID1898 says...

costa gaz wrote:
How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA.

The tiger (Chanrai) is wounded but now at his most dangerous.
Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered.
This will go on for a lot longer than the blue few think.
The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP
[quote][p][bold]costa gaz[/bold] wrote: How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA. The tiger (Chanrai) is wounded but now at his most dangerous. Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered. This will go on for a lot longer than the blue few think.[/p][/quote]The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP PTID1898
  • Score: 0

9:08pm Thu 15 Nov 12

Reality-man says...

PTID1898 wrote:
costa gaz wrote:
How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA.

The tiger (Chanrai) is wounded but now at his most dangerous.
Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered.
This will go on for a lot longer than the blue few think.
The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP
Have you paid back the money you stole from the cancer charity yet?
[quote][p][bold]PTID1898[/bold] wrote: [quote][p][bold]costa gaz[/bold] wrote: How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA. The tiger (Chanrai) is wounded but now at his most dangerous. Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered. This will go on for a lot longer than the blue few think.[/p][/quote]The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP[/p][/quote]Have you paid back the money you stole from the cancer charity yet? Reality-man
  • Score: 0

11:07pm Thu 15 Nov 12

Stroppy_gramps says...

PTID1898 wrote:
costa gaz wrote:
How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA.

The tiger (Chanrai) is wounded but now at his most dangerous.
Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered.
This will go on for a lot longer than the blue few think.
The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP
tip: dots not comma's.

£61m is what's being reported.
does that include PKF's pound of flesh?
It's been reported as £61m for a long time - is there no interest being charged?
Is the club making enough money to at least break even each month? (with those gate numbers I doubt it)

remember - media reports are always spun to make things look more positive than they are. (or negative if you are the DE talking about Saints)

All joking and slating aside - until your club is on a proper sound financial footing with a decent ground and an owner who has the financial grounding to make it work I would be really nervous.
PKF have no interest in resolving this quickly.
BC has voiced some really serious concerns that should not be ignored regarding the PST - ok he might be biased, but what he is saying should be ringing alarm bells
The PST are doing this on a wing and a prayer - you lot are in for a bumpy ride IF it works.
[quote][p][bold]PTID1898[/bold] wrote: [quote][p][bold]costa gaz[/bold] wrote: How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA. The tiger (Chanrai) is wounded but now at his most dangerous. Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered. This will go on for a lot longer than the blue few think.[/p][/quote]The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP[/p][/quote]tip: dots not comma's. £61m is what's being reported. does that include PKF's pound of flesh? It's been reported as £61m for a long time - is there no interest being charged? Is the club making enough money to at least break even each month? (with those gate numbers I doubt it) remember - media reports are always spun to make things look more positive than they are. (or negative if you are the DE talking about Saints) All joking and slating aside - until your club is on a proper sound financial footing with a decent ground and an owner who has the financial grounding to make it work I would be really nervous. PKF have no interest in resolving this quickly. BC has voiced some really serious concerns that should not be ignored regarding the PST - ok he might be biased, but what he is saying should be ringing alarm bells The PST are doing this on a wing and a prayer - you lot are in for a bumpy ride IF it works. Stroppy_gramps
  • Score: 0

7:02am Fri 16 Nov 12

costa gaz says...

PTID1898 wrote:
costa gaz wrote:
How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA.

The tiger (Chanrai) is wounded but now at his most dangerous.
Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered.
This will go on for a lot longer than the blue few think.
The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP
I know that the debt for the current administration is £61m, add this with the 2010 admin (£138m) and it comes out at a whopping £199m.
What is there to show for it?
A cup win, a couple of trips to Wembley and a game against AC Milan.
[quote][p][bold]PTID1898[/bold] wrote: [quote][p][bold]costa gaz[/bold] wrote: How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA. The tiger (Chanrai) is wounded but now at his most dangerous. Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered. This will go on for a lot longer than the blue few think.[/p][/quote]The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP[/p][/quote]I know that the debt for the current administration is £61m, add this with the 2010 admin (£138m) and it comes out at a whopping £199m. What is there to show for it? A cup win, a couple of trips to Wembley and a game against AC Milan. costa gaz
  • Score: 0

8:27am Fri 16 Nov 12

Stroppy_gramps says...

costa gaz wrote:
PTID1898 wrote:
costa gaz wrote: How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA. The tiger (Chanrai) is wounded but now at his most dangerous. Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered. This will go on for a lot longer than the blue few think.
The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP
I know that the debt for the current administration is £61m, add this with the 2010 admin (£138m) and it comes out at a whopping £199m. What is there to show for it? A cup win, a couple of trips to Wembley and a game against AC Milan.
clearly this is the success they keep on bleating about
[quote][p][bold]costa gaz[/bold] wrote: [quote][p][bold]PTID1898[/bold] wrote: [quote][p][bold]costa gaz[/bold] wrote: How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA. The tiger (Chanrai) is wounded but now at his most dangerous. Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered. This will go on for a lot longer than the blue few think.[/p][/quote]The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP[/p][/quote]I know that the debt for the current administration is £61m, add this with the 2010 admin (£138m) and it comes out at a whopping £199m. What is there to show for it? A cup win, a couple of trips to Wembley and a game against AC Milan.[/p][/quote]clearly this is the success they keep on bleating about Stroppy_gramps
  • Score: 0

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