Vital Football

Pompey case delayed by a month

Pompey case delayed by a month

So Pompey`s much awaited visit to the High Court today has been postponed. This was not due to the conditions in Court 17 but the tactics (some would say shenanigans) employed by Portpin the company with most to lose in the affair.

Mr Justice Sales, sitting in the High Court, put the hearing back until Tuesday 15 January, 2013 after an application by administrators` PKF, who said there were unspecified issues still be resolved..

Without an inside seat it is difficult to say exactly what those 'issues` are but there appear to be a few. On Wednesday night Portpin announced that they were unhappy with the current Administrator PKF and in particular Trevor Birch and wanted the court to replace them with Brendan Guilfoyle a sports specialist. Portpin believe that the club is now saleable and PKF have only been interested in the Portsmouth Supporters Trust since the Football League ruled out Portpin as future owners.

In their offer Portpin would finance the club until the end of the season to allow Guilfoyle the time to find a buyer. Guilfoyle of course is 'famous` for his handlings of Rugby League club Bradford Bulls plus the administrations of Crystal Palace, Plymouth Argyle and others.

Reports suggest the Judge made disparaging remarks towrds Portpin for thses suggestions.

There is also the issue surrounding REL Ltd the development company who were to purchase Fratton Park and lease it back to the Trust. There now appear to be doubt over that agreement and the financial stability of REL.

Meanwhile as this drags on those who make the money, the administrators, barristers, solicitors, accountants and surveyors will continue to coin it in. That of course does not apply to the Trust officers who have taken time away from their businesses and jobs and all they want to do is save OUR club.

The delay will be critical to the club. They are still in administration, all players are on monthly contracts and the January transfer window opens in eighteen days time. This will mean that clubs will able to cherry pick the decent players we have given a start to this season and Pompey would receive no compensation.

The Pompey Supporters Trust issued the following statement after the decision to adjourn -

'Although it is frustrating not to have a final outcome this week, as we had hoped, we welcome the opportunity for the administrators PKF to return to the courts between now and January and finalise our purchase of Portsmouth Football Club.

This has always been a complex deal with several component parts - including some which have been outside of our control - and every part of the bid needs to be absolutely right to be approved by the courts and the administrators. We know any delay is frustrating for fans, but we are committed to completing the purchase of Portsmouth Football Club as soon as possible.

We are extremely grateful to our supporters for their terrific support, and we continue urging our fans to pledge and be part of the biggest community club in the country. We are confident that we will be owners of Portsmouth Football Club in the next few weeks, and will continue to work on every last detail of our bid until this process is complete.`

Play up Pompey

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Writer:eastneydave
Date:Friday December 14 2012
Time: 4:33PM

Comments

0
A little bit of unbiased reporting would help Dave. No shenanigans by BC; yes he did try to change the administrator but that was rejected out of hand. It was PKF who caused the postponement because there was suddenly a problem with the PST and the purchaser of the ground.
PFCblue
14/12/2012 17:27:00
0
The court has awarded £400k costs to Portpin, this was due to PKF asking for the case to be adjourned,mad it appears Stuart Robinson failed to submit paperwork for his part in the deal. Therefore, although I don't like Portpin, it would appear they were right to question Robinson? And ask why PKF have not got all the paperwork completed on time? £400k I don't doubt PKF will expect Pompey to find.
Midge
14/12/2012 17:51:00
0
Quoted Portpin Statement : "The proposed purchaser of the stadium was simply not in a position to fund the purchase even at the minimum price PST offered. This has been a huge waste of time and money. Legal costs of around £400,000 have been awarded to us against the administrators, money that we are going to pursue administrators personally through the courts, to do all we can to ensure that the club does not have to pay. "In what has already been the most expensive and longest running administration in the history of English football, there can be no further delays if this club is to survive." Who the feck is telling the truth here??????????
cornypomp
14/12/2012 18:25:00
0
A fair point PFCBlue. It is difficult sat in your office working and only picking up snippets of info and then trying to put together a balanced report. However I tried and some of it was written before the case started and the expected adjournment did not materialise immediately.

Unfortunately I could not take the time off and travel up for two days although I would have loved to hae been there. Even then, of course, I would not have known the FULL story.
eastneydave
14/12/2012 19:27:00
0
Portpin: what a bunch of ****s.
Et_tu_Pompeii
14/12/2012 20:46:00
0
Yet another seriously poor and biased pro trust article from you Dave. To help you out the reason the judge was disparaging of the Portpin Brendan Guilfoyle proposal was that BC lawyers said they did not want to make a formal application whilst they had ongoing the discussions with the proposed buyer. So the judge said in basic paraphrasing " well its a waste of time to talk about it"You need to put statements in their correct context or don't repeat them; especially from the news. Tell me Dave, do you really think that a creditor challenging how an administrator awarded a preferred status to a group that don't have the money to buy the club is shenanigans. As part of a group who actually ARE creditors to PFC in both of its recent forms I find that seriously insulting. Where's the business plan Dave? You wrote in here before " that we had all the answers " - rubbish is it all clear today Dave? You wrote that we had a business plan - utter dross. No worthwhile business statement had ever been raised and Rug will confirm I have been telling him nothing published so far is relevant and nothing says they have the money; where's the plan Dave? The PST is starting to patronise fans with you don't need to know what the our real financial position is just sign up and make a commitment. Why no condemnation from you about some fans behaviour outside the court; I normally enjoy your articles but I think your response to PFC Blue is to the untrained eye a very poor excuse for your usual pro trust propaganda; do you really think that us what intelligent Pompey fans want - or could it be the truth. Perhaps people like me who are thinking fans and creditors don't merit that respect with you and your PST chums. I think the PST could be a success if it changes its tack; but hiding and patronising the fans with a poor article makes wonder if i should dread the day now. A rather bad and patronising article Dave and you should, i hope be intelligent enough to regret it.
russellm
15/12/2012 01:57:00
0
Et-tu-Pompey you sure ? Or is it us fans who are being treated that way by the same little clique that used act like limpets to Storrie's every word.
russellm
15/12/2012 02:00:00
0
We know from the Prem days that Pompey had a regular 17,000 and then a regular 14,000 and we know from club membership figures etc and other sources the Pompey diaspora is circa 45-50 k; how many of those have signed up Dave? Even working on multi owner shares its not a lot or in anyway a meaningful percentage is it Dave? How many and what is the percentage signed up? Yet we are told the PST and its publicists that it represents the majority of fans - far from true isn't it Dave? Ive been saddened by the fact that there has been many of the regulars who practically stop contributing to the site now and and i know from 1 or 2 that articles like this are a very large reason in part. Articles used to be balanced - not Colin Farmery syndicated.
russellm
15/12/2012 02:14:00
0
what do you suggest then russellm
plymouth graham
15/12/2012 11:19:00
0
Et_tu_Pompeii - PST and business partner: what a bunch of ****s.
PFCblue
15/12/2012 12:44:00
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