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  1. Alex Alex Dawson oo! oo!

    Lower league Pompey

    It's a great idea. Ssssshhhhhhhhhhh........................
  2. Alex Alex Dawson oo! oo!

    Lower league Pompey

    The £14.2M is the amount Chainrai was owed according to the creditors list the last time Pompey were in administration in 2010, he then bought the club out of administration and sold it to CSI whilst keeping ownership of the Fratton Park himself. We won't know for sure how much he's owed now...
  3. Alex Alex Dawson oo! oo!

    Lower league Pompey

    A business in administration cannot trade on an insolvent basis - ie the court appointed Administrators can't run up debts that are not covered. It's only the pre-administration debts that are ring-fenced, any PAYE, VAT etc etc incurred subsequently have to be paid.
  4. Alex Alex Dawson oo! oo!

    Lower league Pompey

    Sorry for some low key pedantry but I think you may mean "second" here; this is now the third time Pompey have been in Administration since Dec 1998. Is the wedding list out yet - John Lewis, Debenhams..........?
  5. Alex Alex Dawson oo! oo!

    Lower league Pompey

    Weddings | American Express Community Stadium
  6. Alex Alex Dawson oo! oo!

    Lower league Pompey

    Chris and I will nominate/second you. Good stuff btw (as ever).
  7. Alex Alex Dawson oo! oo!

    Lower league Pompey

    So you're saying the deal, even including the "saving" on Wilson's salary at Pompey, was cash negative for the club? If this is true then the Administrators could have something to answer for after all - assuming anyone's interested that is (didn't HMRC challenge his impartiality last time?)...
  8. Alex Alex Dawson oo! oo!

    Lower league Pompey

    What is your point wrt the Administrators then - Kitson and Lawrence were the makeweights in a deal involving a Pompey player going to Stoke?
  9. Alex Alex Dawson oo! oo!

    Lower league Pompey

    This is the first priority of an Administrator - to keep the business running solvently until it is sold.
  10. Alex Alex Dawson oo! oo!

    Lower league Pompey

    Fratton Park is owned by Balram Chainrai, their former owner who sold the club in to Convers Sports Initiatives last year; the surrounding ground/area is still owned by Alexandre Gaydamak who bought the club from Mandaric in 2006.
  11. Alex Alex Dawson oo! oo!

    Lower league Pompey

    It's got nothing directly to do with Chainrai's position as landlord. 1) If either he or Gaydamak are owed money by the club the they are probably secured creditors - ie the loan(s) are secured against whatever assets Pompey still have. Secured creditors are first in the queue to be paid if...
  12. Alex Alex Dawson oo! oo!

    Lower league Pompey

    Chainrai (not Pompey) actually owns Fratton Park and Gaydamak still owns much of the surrounding/adjoining land.

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