What a Joke!!

[k2bluesky]

Pompey's offer, If you were a creditor you'd tend to say f*** it wind em up. Looking to pay a £10 million wage bill in div one, no chance, surely there should be some legal process to stop them paying out that kind of money in wages when they have £58 million debts.

If the PST bid is accepted, creditors - who are owed in the region of £58m - will then vote on which offer to accept.
Chainrai has offered creditors 2p in the pound as part of a Company Voluntary Agreement.
But Mclachlan says the PST may be able to better that offer.
"We saw the offer and it was less than we expected," he told BBC South Today.
"We now have a platform to work from and we hope we can offer better than 2p in the pound.
"But the major issue is still how to sustain the £10m wage bill the club will currently have in League One."

 

[toostonedtocare]

Can we on NSC put in an offer? Let us club together to buy this club... yes!

 

[Badger]

They should be made to sell Fratton Park

Do they actually own Fratton Park? I can't imagine it would be worth a lot anyway.

 

[Papa Lazarou]

Do they actually own Fratton Park? I can't imagine it would be worth a lot anyway.

Does previous owner Gaydamak (sp) own the ground and Chanrai own the land around it?

 

[Not Andy Naylor]

Does previous owner Gaydamak (sp) own the ground and Chanrai own the land around it?

Other way round, I believe.

But the wage bill is, to some extent, out of their hands thanks to terrible contracts handed out by previous owners. Tal Ben Haim isn't going to tear up his £20,000-per-week contract, and Kanu wants a £300,000 payoff before he'll consider walking.

Most amusing, though ...

 

[Papa Lazarou]

Other way round, I believe.

But the wage bill is, to some extent, out of their hands thanks to terrible contracts handed out by previous owners. Tal Ben Haim isn't going to tear up his £20,000-per-week contract, and Kanu wants a £300,000 payoff before he'll consider walking.

Most amusing, though ...

Either way round, they're on very thin ice in terms of being able to continue to operate. what DO they actually own now?

I thought Ben Haim was on 32k a week, or is that including add-ons?

 

[HawkTheSeagull]

They should be made to sell Fratton Park

This, you can never have too many Tesco stores - problem is who would they groundshare with ? Us and Saints will tell them to fcuk off - maybe AFC Bournemouth ?

 

[thedonkeycentrehalf]

This, you can never have too many Tesco stores - problem is who would they groundshare with ? Us and Saints will tell them to fcuk off - maybe AFC Bournemouth ?

Havant & Waterlooville - their mighty band of loyal fans will soon drift away so the H&L ground should be more than big enough.

 

[jackanada]

Wow, at least last time they managed to scrape together an offer of 20p in the pound, mind you plenty of those creditors haven't been paid either.

Imagine a scenario where your company sent an invoice for £1000 to PFC early in 2010, you didnt get paid, didn't get paid and didnt get paid, then got an offer to repay 20p in the pound over time, so you might possibly recoup £200.
A year later, still no money but don't worry- here's an offer of 2p in the pound, so now you might eventually get £4!
Put another way imagine a bar where a pint costs £1000 and it takes over 2 years to be served, because thats as worthwhile as dealing with pompey.