Leeds Ram Posted August 31, 2010 Share Posted August 31, 2010 ouch, that's what happens when you spend 50 million quid and it don't work, i agree with daveo they are favourites to go down Link to comment Share on other sites More sharing options...
ramtasia Posted August 31, 2010 Share Posted August 31, 2010 Dave kitson to fratton park Link to comment Share on other sites More sharing options...
Perky1106 Posted September 1, 2010 Share Posted September 1, 2010 Dave kitson to fratton park Are they saved? Link to comment Share on other sites More sharing options...
CumbrianRam Posted September 1, 2010 Share Posted September 1, 2010 [sIZE=3] Portsmouth concerned by 21-year-old student's takeover bid [/sIZE] Tom Lever, who appeared on the MTV reality show Living on the Edge which tracked the wealthy teenagers of Cheshire, says he is in negotiations with Portsmouth's administrator over the purchase of the club. Lever, who claims his major business interest is a "lifestyle services" company called Paint, told Telegraph Sport on Wednesday night that he has offered the club's de facto owner Balram Chainrai £16.2 million to take control at Fratton Park. However, Portsmouth administrator Andrew Andronikou has expressed doubts about Lever's ability to fund the deal, and on the face of it he is as unlikely an owner as any of the four men who have run the club in the past nine months. He holds only one directorship in a shell company founded to handle the transaction, Portsmouth FC 2010 LLP. He is not listed as a director of Paint, which according to its website offers services including access to events "that were once the reserve of society's 'A' list". The company promises to be able to arrange events such as a cooking lesson with "Perre Marco White" (sic) and introductions to stars including Pele and Hugh Fearnley-Whittingstall. Lever's lack of a visible business track record has certainly caused concern among Portsmouth supporters fearful of the club passing to another owner who does not have the resources to fund its recovery from administration. Concerns have also been raised about the potential involvement of Lever's father David Lever, who was declared bankrupt earlier this year with debts of more than £3 million including £120,000 owed to the spread betting firm Spreadex. A former Tory councillor in Knutsford, David Lever was ejected from the Conservative Party after his bankruptcy. Also among his creditors is the accountancy firm UHY Hacker Young, which by coincidence is handling the administration of Portsmouth. On Wednesday night Lever insisted that his father has nothing to do with the deal: "My dad has nothing to do with the deal at all other than to provide me with support and to ensure that I do the right deal. "He is simply looking out for my interests." Lever said he intended to launch a leveraged takeover of the club, borrowing money against the club's primary asset, Fratton Park. He said he would not put any of his own money into the purchase, and declined to discuss his personal wealth or circumstances, but said he would provide a personal guarantee to his lenders, whom he declined to name. "The financing deal will be in the best interest of the club. It will be a loan at a very competitive rate that the club can afford," Lever said. "I am not going to talk about my personal wealth or what I might put in, but I have been able to put this financing together because of who I know and what I know." The financing is being organised by Terry Pritchard, described in industry magazines as a "specialist lending guru", who founded the packaging company Chase UK. Lever says he had asked Pritchard to join the board of the club if he was successful. He said he had also been advised in the deal by family friends who run the pawnbrokers Cash My Gold. Lever said Andronikou and Chainrai had set him a deadline of Sept 9 to finalise the financing for the deal. On Wednesday night neither Chainrai nor Andronikou was available to comment on the deal. http://www.telegraph.co.uk/sport/football/teams/portsmouth/7976302/Portsmouth-concerned-by-21-year-old-students-takeover-bid.html Link to comment Share on other sites More sharing options...
Perky1106 Posted September 1, 2010 Share Posted September 1, 2010 Hahahahahahahahahahahahaha. Link to comment Share on other sites More sharing options...
Hucknall Ram Posted September 2, 2010 Share Posted September 2, 2010 Cotterill slams academy set-up Gets even worse for pompy Steve Cotterill has issued a damning assessment of the academy structure at Portsmouth. Since succeeding Avram Grant at Fratton Park over the summer, Cotterill has been keen to run an eye over all aspects of the club. Following a troubled time, it is essential that Pompey make the most of what they have available and attempt to get back on their feet. Cotterill, though, believes they are failing to do that, with the youth system falling well short of expectations. There have been exceptions to the rule over recent years, such as the recently offloaded Marc Wilson, but Pompey have struggled to produce young stars ready to make the step up into the first team. Cotterill plans to change that during his time at the club, as he believes it is imperative that Portsmouth are able to produce home-grown stars during a period of financial instability. Proof He told The News: "I'm not having a go at the younger ones. They have done well. But we're asking them to do men's jobs. "The recruitment from the academy is key. Recruitment is everything. I'm not in charge of the academy, though. "We have to recruit right and they in turn recruit right. It won't be a PR move here, not now. Not while I'm here. "I don't think what has come through has been good enough. I don't think it is. "The proof is in the pudding, people who come through, and we haven't had that here." http://www.skysports.com/story/0,19528,11688_6353890,00.html Link to comment Share on other sites More sharing options...
Perky1106 Posted September 2, 2010 Share Posted September 2, 2010 Here is the current Portsmouth F.C. squad. http://twitpic.com/2cg737 My lads laptop won't let me see it? Is it naughty? It's not big enough to do anything naughty. Link to comment Share on other sites More sharing options...
froggg Posted September 5, 2010 Share Posted September 5, 2010 I can't see em staying up...need a miracle:D Link to comment Share on other sites More sharing options...
Hucknall Ram Posted September 7, 2010 Share Posted September 7, 2010 Lawrence left in limbo Liam Lawrence's proposed move to Portsmouth from Stoke City has been plunged into turmoil. The Republic of Irelandinternational appeared to be on his way to Fratton Park as part of the deal which took Marc Wilson in the opposite direction on deadline day. However, the agreement has not yet been approved by the Football League and Lawrence is uncertain as to where his future now lies. League chiefs are yet to be convinced that the necessary documentation was completed before their 6pm deadline. Pompey strenuously refute these claims, and hope the move will still be pushed through, but have been left sweating for almost a week now. Ratified Club administrator Andrew Andrinikou is confident the matter will be resolved, but admits the club will move to land Lawrence on loan should a permanent deal fall through. He told The News: '"The Lawrence deal has not been ratified by the Football League yet and we are still waiting to hear the outcome. "Unfortunately, we are not Tottenham and are not allowed to have this issue sorted the next day as they did with Rafael van der Vaart. "This sort of thing will only happen to us. There is proper brinkmanship going on just because we are Portsmouth Football Club. "The whole world knew two weeks before that we wanted this deal to happen. Unfortunately, they have been finding ways of making things difficult to actually push it through. "From our end, all documentation was sent on time, well before the 6pm deadline. I was there myself to see it. Medical "Admittedly, the deal happened a little later than we would have liked as the player was training with the Republic of Ireland squad. We haven't even had a chance to give him a medical yet. But it was sorted before 6pm, I can tell you. "The authorities also reckon the Tommy Smith deal to QPR was completed at 6.02pm or something like that. This puts more work on us but we are determined to see it through, even if we have to get the player on loan instead." Meanwhile, Andronikou has also revealed that new deals for Kanu and Ricardo Rocha are set to be completed on Tuesday. He added: "We expect the Rocha and Kanu deals to be approved today. "I expect them both to be available for selection on Saturday against Ipswich." Link to comment Share on other sites More sharing options...
Boycie Posted September 7, 2010 Share Posted September 7, 2010 We are not Tottenham? Well they were spending like they were spurs about 2 years ago, and they got away with it in the courts regarding their tax bill. The blokes got more front than feckin Brighton. Link to comment Share on other sites More sharing options...
CumbrianRam Posted September 7, 2010 Share Posted September 7, 2010 They also were unable to sell Tommy Smith on time to QPR, we musta got lucky when we sold what his name to them. Link to comment Share on other sites More sharing options...
Boycie Posted September 7, 2010 Share Posted September 7, 2010 Is that right? Smith didn't go in the end?:confused: Link to comment Share on other sites More sharing options...
red fever Posted September 7, 2010 Share Posted September 7, 2010 20100907Pompey confirm Smith hitch Football League rejects move due to 'administrative issues' Last updated: 7th September 2010 Smith: Could move on loan Portsmouth have confirmed that the Football League has not sanctioned forward Tommy Smith's proposed transfer to Queens Park Rangers. The two Championship clubs had hoped to have agreed a permanent deal for the 30-year-old on transfer deadline day last week. But the Football League has not approved the move and Portsmouth have stated that this is due to 'administrative issues outside the Blues' control'. Cash-strapped Portsmouth are now planning to loan Smith to QPR in the approaching emergency loan window ahead of a full-time deal in January. A short statement on the Fratton Park club's official website read: "The Football League have rejected the permanent transfer of Tommy Smith from Pompey to QPR due to administrative issues outside the Blues' control. "The two clubs are now working to bring the player to Loftus Road on a loan basis in time for QPR's fixture against Middlesbrough on Saturday, ahead of a permanent transfer in January Link to comment Share on other sites More sharing options...
CumbrianRam Posted September 17, 2010 Share Posted September 17, 2010 The Premier League will dock £1m from Portsmouth's parachute payment for 2011 unless Pompey pay that sum to Tottenham over an aborted transfer. The two clubs agreed a combined fee for Younes Kaboul and Asmir Begovic, and Spurs made an immediate payment. However, Begovic did not join Spurs and ended up moving to Stoke, in which circumstances, the deal stipulated, Spurs would be repaid £1m. The Premier League says it will pass the £1m withheld directly to Spurs. Tottenham revealed in a statement earlier this year: "Our original agreement with Portsmouth was for the purchase of two players for a combined, agreed price. "The transfer of Younes Kaboul was completed and Portsmouth pressed for an immediate payment to alleviate their cashflow situation. "To assist Portsmouth with their financial difficulties we paid Portsmouth an agreed sum of money, whilst at the same time concluding an agreement that, should Begovic be sold or loaned to any club other than ourselves, we would be repaid the sum of £1m. "Portsmouth were keen to openly and freely agree to this surety." http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/9009799.stm Link to comment Share on other sites More sharing options...
Boycie Posted September 17, 2010 Share Posted September 17, 2010 Pompey are run by raite dodgy people, in my opinion, it would seem. Link to comment Share on other sites More sharing options...
Whoneedshuls Posted September 17, 2010 Share Posted September 17, 2010 Pompey are run by raite dodgy people, in my opinion, it would seem. kinda like us then lol Link to comment Share on other sites More sharing options...
CumbrianRam Posted September 17, 2010 Share Posted September 17, 2010 Former Portsmouth owner Milan Mandaric is considering a dramatic return to Fratton Park once he leaves his current post as chairman of Leicester City. According to Mandaric, a Thai-led consortium is now just days away from completing its purchase of the Foxes. The 72-year-old will then continue as chairman but only on an interim basis. "I'm still chairman here but there's no secret about how much I love Pompey and I think I have another round left in me," Mandaric told BBC Sport. "But committing to anything now would be wrong, for the fans here and the fans there. I will not be putting my name near any deal for a club until I'm ready." The Serbian-American businessman enjoyed eight years as Portsmouth owner before selling the south coast club to the Gaydamak family in 2006. Pompey's on-field success continued for three more years but things went downhill towards the end of the Gaydamak reign. That decline accelerated last season in a disastrous campaign that ended with the club in administration and relegated. The Fratton Park outfit are currently bottom of the Championship, with just two points from six games, and remain under the control of joint administrator Andrew Andronikou. The ownership situation is expected to change in the coming weeks with the club's last owner, Balram Chainrai, assuming control once more, but this is believed to be a short-term solution, with Chainrai still claiming to be a "reluctant owner". Andronikou, whose foremost responsibility is to secure the best deal for Pompey's numerous creditors, has been in talks with a number of interested parties but none has so far proceeded much further than preliminary conversations and press speculation. One of those parties, a group led by 22-year-old Tom Lever, has been linked with Mandaric but the former owner categorically denies any intention to team up with the Cheshire-based university student. "Tom Lever called me a couple of times to talk about Portsmouth and I told him I was already chairman of another club," said Mandaric. "Then I hear I am supposed to be making some kind of move with him. I have no intention whatsoever of getting involved with those people." Milan Mandaric and Alexandre Gaydamak Mandaric and Gaydamak joined forces at Portsmouth in 2006 This will come as a relief to many Pompey fans who have voiced concerns about Lever's inexperience and his plan to fund the takeover entirely with borrowed money. Supporters of Leicester City, however, will be encouraged to hear the uncertainty surrounding their club is now just "a couple of formalities" away from resolution. Mandaric announced the club's sale to Vichai Raksriaksorn and his son Aiyawatt last month, although details of the deal were conspicuous by their absence and the Football League failed to ratify the takeover at last week's monthly board meeting. Speaking at the time, a league spokesman said more information on the deal was needed before formal approval could be given. But Mandaric, who has not confirmed reports he sold the club for £40m or revealed if there are other investors in the Raksriakorn consortium, is adamant "everything is progressing nicely". He also made it clear he is selling all his shares in Leicester City and only staying on as chairman "as long as they need me". Mandaric, who has put more than £20m into the club in equity and loans over the last three years, said he thought a new boss would be in place "sooner rather than later". That is looking increasingly like being the 25-year-old Aiyawatt, who is already a visible presence at the Walkers Stadium along with other members of his family. The Raksriaksorns, who own the King Power chain of duty free outlets in Thailand, were first linked with Leicester City this summer when they signed a three-year shirt sponsorship deal with the East Midlands club. This tie-up soon developed into something more all-encompassing and the talk now is of using Leicester City to develop the King Power brand outside Thailand, and King Power to boost Leicester City's profile in the Far East. Mandaric, who bought Leicester City in 2007 for an initial £640,000, said he is proud of his record at the club and leaves it "in much better shape than I found it, on and off the pitch". Not all City fans will agree - the club was relegated to English football's third tier after his first full season in charge - but many will acknowledge Mandaric's financial support has been crucial in enabling the team to regain its Championship status and reach last season's play-offs. A second coming for Mandaric at Fratton Park might also receive majority support, as he left Pompey relatively profitable and safely ensconced in the top flight, but it could pose difficulties for the Football League as he currently faces tax fraud charges related to his time at Portsmouth. http://news.bbc.co.uk/sport1/hi/football/eng_div_1/9010934.stm Link to comment Share on other sites More sharing options...
CumbrianRam Posted October 22, 2010 Share Posted October 22, 2010 BBC Sport correspondant Dan Roan on twitter: Lawyer for Portsmouth FC owner in waiting Balram Chainrai says "likely the club will now be closed down and liquidated by administrators" Lawyer for Portsmouth FC owner in waiting Balram Chainrai says "likely the club will now be closed down and liquidated by administrators"— Dan Roan (@danroan) October 22, 2010 Link to comment Share on other sites More sharing options...
Srg Posted October 22, 2010 Share Posted October 22, 2010 S'innabit Pompey. Link to comment Share on other sites More sharing options...
alexxxxx Posted October 22, 2010 Share Posted October 22, 2010 it's a big big shame if it does happen. not just the fact that there's a possibility we might not be on TV in 2 weeks. Link to comment Share on other sites More sharing options...
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