This is an amazing read - and as there is no reason to believe it is anything other than the truth, will explain why the takeover by Portpin is taking so long......... and why it should not be allowed to happen. It is also an essential read for every Pompey fan. http://www.fansnetwork.co.uk/footba...revealed_-_the_true_story_behind_ali_al_faraj It also throws some light on the PL and Peter Storrie doesn't come out of it too harshly either.
If this is true, how can the likes of Chainrai and Portpin possibly pass the 'fit and proper test'? And if they can pass it - IT NEEDS TO BE CHANGED!
I hope all this has also been sent not just to the FL and PL but also to , HMRC, Companies House, the police and the Serious Fraud Office.Stunning.
Wow, I am sure you guys are wondering how the hell you deserved all of that. So many bad guys that I can't keep track.
I know - there is a twitter row going on at the moment with Joe Michalczuk from Express FM who doesn't get on well with Micah Hall, the author. But this has been published so if it's untrue then libel action will follow pretty sharpish, so he has got to be sure of his facts. There is even a copy of the Azougy fax so a lot of information seems to have been leaked. None of this is helping me finish off the floor tiling in the kitchen......... not much left to do but this is soooooo distracting.
Micah Hall has been doing these sort of blogs for ages. If there was no truth then he would have been sued a long time ago. As it stands, the accused are very quiet.
will do.......... but still have to carry on being distracted by the 100 questions to ask Portpin, for which all the responses are No Comment
I read that article late last night 3rd eye - it is absolutely unbelievable what has gone on at PFC, so let us hope that the authorities decide to act accordingly. Balram Chanrai and Portpin come out of it terribly, and I agree that Peter Storrie isn't being painted here as the villain of the piece. Would still like to know though where the circa. £100 million disappeared to after we had sold all those players. We will probably never know...........
Isn't this what Baker Tilly (the administrator for the first CVA creditors) are supposed to be investigating?
That is an incredible read and definitely paints a far more sinister picture into the doings of BC and Portpin etc.. Excellent work by the researcher.
Say whaaaaaat ?? To me, this is more confusing than some modern-day film's plots! Could anyone sum the article up for me, in a few lines/a paragraph ?? Cheers!
OK here goes. A lot of this you already know. Ali al Faraj does exist. His brother Ahmed uses him as a "straw-man" a front for his dodgy dealings. 3 groups of people involved. 1) The Gaydamaks and Sulaiman Al Fahim. 2) Ron Mana, Yoram Yossifoff, Daniel Azougy and 3) Balram Chainrai and Levi Kushnir. Azougy was a long time friend of Mana and Yossifoff. Mana & Yossifoff brokered a deal for Chanrai & Kushnir with Gaydamak Snr. Big problems in little China and Gaydamak couldn't pay Chanrai. He also owed money to Mana & Yossifoff. Chan took Gaydamak to court in Israel - still couldn't get his money - so when he saw that Gaydamak Snr listed Pompey as his one and only asset (worth £300m) parties 2 set up Falcondrone using Ali and Ahmed Al Faraj as a smokescreen (ie Pompeys owner). Parties 3 (Chan & Kushnir) set up Portpin. Gaydamak Jnr realised Chanrai was trying to get his hands on Pompey so sold to Al Fahim. All clear so far? This is where it gets complicated. Al Fahim ran out of money so Pompey was sold on to Falcondrone, them thinking it was Ali al Faraj, not knowing that parties 2 & 3 were behind the company. Portpin lent £6m to Falcondrone and slapped a secured charge over Fratton Park and another charge over Falcondrones interest in Pompey. This gave them total control of the money. Azougy was put in total charge of Pompey's finances. But all the money from the PL though was being channelled through Portpins accounts, handled by the solicitor Mark Jacob. Only Mark Jacob could transfer Pompey monies out of the Portpin accounts on the instructions of Chanrai. Yossifoff, Mana & Azougy realised too late that Chanrai & Kushnir had scuppered them - leaving Chan & Kushnir able to place Pompey into Admin and then buy it back out of admin. That's more or less it in a nutshell.
One thing to add PL Stewie, is Azougy's role in all this. He was revealed in the national press as a fraudster and and a forger and Pompey were fined £1m by the PL for his role in the club, plus it is alleged that there is a hole in the accounts caused by Azougy managing to fool Mark Jacob into sending £1.5m to accounts which haven't been traced yet plus there is a lot of money that has just gone missing from that time. Baker Tilley are investigating everything up to the first admin.
Given that there has allegedly been criminality and theft of monies etc, why are the police not involved? Or are they?
It may be the difference between being a private and a public company - unless Baker Tilly can come up with some criminal activity I can't imagine anyone making a complaint to the police. It looks as though there was 1 transaction which fell foul of the insolvency act. A case of wait and see. What will be most interesting is, having read this, because I bet the FL have received many emails from Pompey fans with links to the article, will Chanrai be able to take over the ownership again. The silence is deafening - something is definitely going on between the FL, PFK and Portpin.
