The WST post potential club sale:

[Haruki]

Originally Posted by Todd Sweeney

When Portsmouth were purchased from their supporters trust, there were negotiations following the announcement of the interest and feedback from fans. The buyers initially offered £0 and eventually paid £6m. They also subsequently negotiated a 'golden share' for fans, a 'heritage committee' to ensure the club's colours aren't changed (e.g. Cardiff), and a guarantee that the club wouldn't move out of Portsmouth.

Just taking the first offer is not smart business practice.

You miss my point. The Trust elected the board to enter these negotiations for them. Presumably they have done that and thought of the things you mention . Not sure why you think you can suddenly have an Input into discussions that have already been made on your behalf?
Why is it you have always been a staunch advocate of supporting the board in acting for us but as soon as they are selling the club you want to override their decision?

[tokyored]

Originally Posted by Jaded

I think it would be good to see the Trust's business plan to compare. Last I recall, it was to lose 500k this season while having 350k in the bank. Can anyone correct those figures? If I'm misremembering and we actually have enough to survive without another loan even if this doesn't go through then it will be a weight off my mind!

I think it just about worked based on having 2600 fans at all games but that seems impossible now.
There was a 150k shortfall but we'd have received a furlough payment, the 50k covid loan, stream money, the money the trust made over the season and hopefully some cup money. You could then start selling season tickets earlier than normal for the next season.
We'd end the season flat broke but could survive.

Of course that all goes out the window with every game behind closed doors or if the season doesn't even start.

[Prodigal Dragon]

Originally Posted by Bigmike

Like everyone else i am amazed and delighted at this turn of events. The prospects for the club could be awesome if this deal goes through. My main concern is what happens if/when the investors want to move on. I would not want to endanger the proposed take over but feel we need a safety net of some sort to avoid ending up in the hands of a Hamilton.

Some caution is needed to avoid the scenario you fear. However...

They haven’t yet bought it.

We don’t yet know what they plan to do with it, or for how long.

And, finally, their names are their brand; hence why jeopardise that to sell to a Hamilton?

Things are moving apace. Instead of imagining the worst-case scenario, why not wait a few more days and see what they propose?

[Jaded]

Originally Posted by tokyored

I think it just about worked based on having 2600 fans at all games but that seems impossible now.
There was a 150k shortfall but we'd have received a furlough payment, the 50k covid loan, stream money, the money the trust made over the season and hopefully some cup money. You could then start selling season tickets earlier than normal for the next season.
We'd end the season flat broke but could survive.

Of course that all goes out the window with every game behind closed doors or if the season doesn't even start.

Cheers - that sounds risky but not as desperate a situation as I’d feared. Unfortunately, as you said, lack of crowds would almost certainly be the death knell for us (and dozens of other clubs, I’d imagine.)

[GiggityGiggityGiggityGoo]

Originally Posted by Todd Sweeney

When Portsmouth were purchased from their supporters trust, there were negotiations following the announcement of the interest and feedback from fans. The buyers initially offered £0 and eventually paid £6m. They also subsequently negotiated a 'golden share' for fans, a 'heritage committee' to ensure the club's colours aren't changed (e.g. Cardiff), and a guarantee that the club wouldn't move out of Portsmouth.

Just taking the first offer is not smart business practice.

Prepare to be amazed, although the negotiations are done and have been for some time.

[Haruki]

Originally Posted by Jaded

Cheers - that sounds risky but not as desperate a situation as I’d feared. Unfortunately, as you said, lack of crowds would almost certainly be the death knell for us (and dozens of other clubs, I’d imagine.)

As I said at the time Budgeting on crowds of 2600 on an uncertain Covid environment was suicidal.....unless of course the sale agreement emma’s already been made with R and R which is why Todd thinning he can waltz in and make demands on that agreement is lunacy.

[Bigmike]

Originally Posted by Prodigal Dragon

Some caution is needed to avoid the scenario you fear. However...

They haven’t yet bought it.

We don’t yet know what they plan to do with it, or for how long.

And, finally, their names are their brand; hence why jeopardise that to sell to a Hamilton?

Things are moving apace. Instead of imagining the worst-case scenario, why not wait a few more days and see what they propose?

thanks for the response PD. I suppose that i am hoping that this has been addressed in some way and that there will be something in the proposal.

[subbuteorob]

Originally Posted by Bigmike

thanks for the response PD. I suppose that i am hoping that this has been addressed in some way and that there will be something in the proposal.

I hope this means we will re-sign Callum Powell.

[Bigmike]

Originally Posted by subbuteorob

I hope this means we will re-sign Callum Powell.

Love that joke Rob