Later this month Portsmouth Supporters Trust will fight a court case on the value of Portsmouths stadium. The supporters trust want to buy the club, however if the court put too high a value on FP then the trust will not be able to buy the assets of the club and the Administrators will put the individual assets up for sale to the highest bidder. Now the value on Portsmouths stadium surely have implications for the past sale of the assets of the former club RFC, whose stadium alone would surely be of a higher value than FP. I understand that the share issue offered by CG will be delayed and have read various possible reasons for such, however is it possible that the liquidators BDO have moved in and being aware of the forthcoming court case on Portsmouth's stadium have alerted CG to a possible spanner in the works. Imagine the reaction of the PST if their stadium has a higher value placed on it by the court than the assets of the former RFC, thus preventing them from organising a take over. How would the creditors of the former RFC react? What questions would be asked of D&P administration. Will at least be interesting to compare the value placed on Portsmouths assets and those of the former RFC. Could BDO have grounds to go to court to have the sale of the assets of the former RFC to CG reversed and the individual assets put up for sale or open to new bidders as a package?
It's Nev's job, he reports back to the Gers board how many apparently Rangers related threads are on the Champions board, in his spare time he collects rep on the Geodies/Scouse boards and generally checks on who's posting what.
It may well work out in some-one favour that Ibrox stadium has been allowed to become run down and is need of repairs. I think Charles Green reckons the Stadium maybe more valuable as a Super Market.
