Administration

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Ian Royal
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Re: Administration

by Ian Royal » 07 May 2014 22:45

Happy to have been corrected, but I thought from the whole Portsmouth saga that parachute payments were made in about two or three installments through the year. One towards the start of the season, one about halfway through and the balance at the end.

Agree with Hoop, it's lunacy to withhold until the end of the year when players are paid monthly. It just pushes clubs into desperation borrowing and being screwed over with interest.

I'd also agree with would be lunacy to pay it upfront as you know what some of the crazies would do and it wouldn't be bank it to pay existing wages and debts.

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Royal Rother
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Re: Administration

by Royal Rother » 07 May 2014 23:01

Maybe the mysterious Vibrac is actually owned and funded by Sir Dave Richards and his cronies at the PL, and when they hear of a club in difficulties they get someone to drop the name Vibrac into a conversation and see what happens...

Damned if they'll make the parachutes available in instalments with that little earner!

It's all part of a master plan!

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Re: Administration

by Poker Bum » 09 May 2014 04:48

From what i hear AZ liked to spend the clubs money on abit of posh up his nose until his daddy BZ found out and this is why he has not been seen.. Daddy pulled the plug on his sons little cartel but BZ will see the club through until a new owner is found.. But basically AZ is in Russia so daddy can keep an eye on him. :oops:

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Reading4eva
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Re: Administration

by Reading4eva » 09 May 2014 08:17

Would Boris not be keen to take us forward? I remember him bidding to buy Everton

Nameless
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Re: Administration

by Nameless » 09 May 2014 09:03

Poker Bum From what i hear AZ liked to spend the clubs money on abit of posh up his nose until his daddy BZ found out and this is why he has not been seen.. Daddy pulled the plug on his sons little cartel but BZ will see the club through until a new owner is found.. But basically AZ is in Russia so daddy can keep an eye on him. :oops:


1. Any post that starts 'from what I hear' is branded as nonsense from the start
2. Accusing someone of drug taking and theft when you have no evidence is rarely a good idea, if you research BZ' s background you may decide it's even less of a clever thing to do
3. The suggestion that BZ and AZ fell out so BZ pulled the plug but has still underwritten things has widely circulated for ages
4. Why have you described RFC as a cartel ?do you know what a cartel is ?


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West Stand Flash
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Re: Administration

by West Stand Flash » 09 May 2014 09:04

Nameless
Poker Bum From what i hear AZ liked to spend the clubs money on abit of posh up his nose until his daddy BZ found out and this is why he has not been seen.. Daddy pulled the plug on his sons little cartel but BZ will see the club through until a new owner is found.. But basically AZ is in Russia so daddy can keep an eye on him. :oops:


1. Any post that starts 'from what I hear' is branded as nonsense from the start
2. Accusing someone of drug taking and theft when you have no evidence is rarely a good idea, if you research BZ' s background you may decide it's even less of a clever thing to do
3. The suggestion that BZ and AZ fell out so BZ pulled the plug but has still underwritten things has widely circulated for ages
4. Why have you described RFC as a cartel ?do you know what a cartel is ?


And here we have the Hobnob Police :roll: :roll:

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tidus_mi2
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Re: Administration

by tidus_mi2 » 09 May 2014 09:10

West Stand Flash
Nameless
Poker Bum From what i hear AZ liked to spend the clubs money on abit of posh up his nose until his daddy BZ found out and this is why he has not been seen.. Daddy pulled the plug on his sons little cartel but BZ will see the club through until a new owner is found.. But basically AZ is in Russia so daddy can keep an eye on him. :oops:


1. Any post that starts 'from what I hear' is branded as nonsense from the start
2. Accusing someone of drug taking and theft when you have no evidence is rarely a good idea, if you research BZ' s background you may decide it's even less of a clever thing to do
3. The suggestion that BZ and AZ fell out so BZ pulled the plug but has still underwritten things has widely circulated for ages
4. Why have you described RFC as a cartel ?do you know what a cartel is ?


And here we have the Hobnob Police :roll: :roll:

He is our nameless protector, the symbol this forum needs, our own Dork Knight.

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Re: Administration

by Nameless » 09 May 2014 09:12

On the contrary, anyone can post any rubbish they like (see any contribution from WSF).

But at the same time anyone else can point out reasons why that post may not be accurate, sensible or logical

It's called free speech, got a problem with that WSF ?

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Geekins
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Re: Administration

by Geekins » 09 May 2014 09:14

From what i hear all my posts are shit.


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tidus_mi2
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Re: Administration

by tidus_mi2 » 09 May 2014 09:25

Nameless On the contrary, anyone can post any rubbish they like (see any contribution from WSF).

But at the same time anyone else can point out reasons why that post may not be accurate, sensible or logical

It's called free speech, got a problem with that WSF ?

Free speech means you are free to say whatever the hell you want, you're not immune to criticism however.

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melonhead
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Re: Administration

by melonhead » 09 May 2014 10:02

Erm...that's what he just said

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Pepe the Horseman
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Re: Administration

by Pepe the Horseman » 09 May 2014 10:17

That's what she said.

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Hoop Blah
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Re: Administration

by Hoop Blah » 09 May 2014 10:18

Royal Rother Maybe the mysterious Vibrac is actually owned and funded by Sir Dave Richards and his cronies at the PL, and when they hear of a club in difficulties they get someone to drop the name Vibrac into a conversation and see what happens...

Damned if they'll make the parachutes available in instalments with that little earner!

It's all part of a master plan!


So we're agreed that it's a murky world where the need for a water tight business plan is irrelevant if the clubs are willing to sign away their payments for a 10% interest rate?


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Hoop Blah
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Re: Administration

by Hoop Blah » 09 May 2014 10:20

Ian Royal Happy to have been corrected, but I thought from the whole Portsmouth saga that parachute payments were made in about two or three installments through the year. One towards the start of the season, one about halfway through and the balance at the end.

Agree with Hoop, it's lunacy to withhold until the end of the year when players are paid monthly. It just pushes clubs into desperation borrowing and being screwed over with interest.

I'd also agree with would be lunacy to pay it upfront as you know what some of the crazies would do and it wouldn't be bank it to pay existing wages and debts.


To be fair though, those crazies are free to do what they want with the money their success has earnt them. If they can go and loan it from Vibrac for 10% interest then withholding it isn't really going to stop them if they're looking to gambly that money on a quick return to the gravy train.

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Royal Rother
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Re: Administration

by Royal Rother » 09 May 2014 11:09

Hoop Blah
Royal Rother Maybe the mysterious Vibrac is actually owned and funded by Sir Dave Richards and his cronies at the PL, and when they hear of a club in difficulties they get someone to drop the name Vibrac into a conversation and see what happens...

Damned if they'll make the parachutes available in instalments with that little earner!

It's all part of a master plan!


So we're agreed that it's a murky world where the need for a water tight business plan is irrelevant if the clubs are willing to sign away their payments for a 10% interest rate?


As I said before, not a loan of £20m against a £23m windfall, which is what you suggested and I took issue with.

If there's no business plan etc. etc. then I'd imagine £5m might be the max advanced.

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Hoop Blah
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Re: Administration

by Hoop Blah » 09 May 2014 12:01

It's what they do though. They effectively mortgage the guaranteed future income and bung on a heavy interest rate to make their profit.

Poker Bum
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Re: Administration

by Poker Bum » 09 May 2014 12:53

From what I hear NAMELESS is a first prize oxf*rd!! Shooting me down when u don't know oxf*rd all. I'll start my post with from what I hear as I was told from a reliable source. What I say is very near the truth but cos of twats like u will not post anymore. Get your head out of your arse NAMELESS

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Extended-Phenotype
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Re: Administration

by Extended-Phenotype » 09 May 2014 12:58

This cock dance is detracting from the fact that AZ definitely has a drugs problem.

Nameless
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Re: Administration

by Nameless » 09 May 2014 13:00

Poker Bum From what I hear NAMELESS is a first prize oxf*rd!! Shooting me down when u don't know oxf*rd all. I'll start my post with from what I hear as I was told from a reliable source. What I say is very near the truth but cos of twats like u will not post anymore. Get your head out of your arse NAMELESS


Ha,ha,ha !

Funny how every crazy has a 'reliable' source.

Post as often as you like but show some respect and allow others to disagree with you.

Your original post had as many holes as our defence, sorry if pointing that out offends.....

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tidus_mi2
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Re: Administration

by tidus_mi2 » 09 May 2014 13:01

Blimey, scared a new user off in 2 posts, does Nameless get a trophy or something?

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