|
Doore
|
 |
« Reply #210 on: Wednesday, February 10, 2010, 11:36:04 » |
|
I honestly don't know what I would like to see happen. I can't see the club being liquidated, but if it did happen it would be a tragedy for the fans. On the other hand, I really think the whole of football needs a massive wake-up call to show that thins cannot go on as they are at the moment, and a premier league club going out of business may do exactly that. Administration is my best guess - the only problem here (and who are we to cast the first stone here...) is that many creditors go unpaid. Good article here: http://www.guardian.co.uk/football/david-conn-inside-sport-blog/2010/feb/10/portsmouth-cardiff-hmrc-winding-up |
|
|
|
|
Logged
|
|
|
|
Summerof69
 Offline
Posts: 8598
|
|
« Reply #211 on: Wednesday, February 10, 2010, 11:56:48 » |
|
Case adjourned until 2pm...
|
|
|
|
|
Logged
|
|
|
|
Summerof69
Offline
Posts: 8598
|
|
« Reply #212 on: Wednesday, February 10, 2010, 12:05:49 » |
|
Cardiff and Southend WUP's adjourned for 28 days...
|
|
|
|
« Last Edit: Wednesday, February 10, 2010, 12:14:07 by Summerof69 »
|
Logged
|
|
|
|
Summerof69
Offline
Posts: 8598
|
|
« Reply #213 on: Wednesday, February 10, 2010, 12:34:39 » |
|
Pompey decision now imminent...
|
|
|
|
|
Logged
|
|
|
|
|
Doore
|
|
« Reply #214 on: Wednesday, February 10, 2010, 12:39:52 » |
|
Pompey decision now imminent...
I thought it was adjourned until 2pm? |
|
|
|
|
Logged
|
|
|
|
herthab
TEF Travel
Offline
Posts: 12020
|
|
« Reply #215 on: Wednesday, February 10, 2010, 12:51:17 » |
|
Have they died yet?
|
|
|
|
|
Logged
|
It's All Good..............
|
|
|
Nemo
Shit Bacon
 Online
Posts: 21567
|
|
« Reply #216 on: Wednesday, February 10, 2010, 13:02:32 » |
|
HMRC reckon they're owed 11.5m, and their lawyers believe Pompey are insolvent. Pompey are bringing up the usual stuff about takeovers in the hope of an adjournment.
|
|
|
|
|
Logged
|
|
|
|
|
STFC_Gazza
|
|
« Reply #217 on: Wednesday, February 10, 2010, 13:03:03 » |
|
|
|
|
|
|
Logged
|
|
|
|
Nemo
Shit Bacon
Online
Posts: 21567
|
|
« Reply #218 on: Wednesday, February 10, 2010, 13:07:57 » |
|
Seven day adjournment.
|
|
|
|
|
Logged
|
|
|
|
pauld
Aaron Aardvark
Offline
Posts: 25436
Absolute Calamity!
|
|
« Reply #219 on: Wednesday, February 10, 2010, 13:18:18 » |
|
Seven day adjournment.
With a deadline of Monday to file a "statement of affairs". What's Avram's private life got to do with it? |
|
|
|
|
Logged
|
|
|
|
|
Doore
|
|
« Reply #220 on: Wednesday, February 10, 2010, 13:21:38 » |
|
With a deadline of Monday to file a "statement of affairs". What's Avram's private life got to do with it?
Maybe he claimed the bill on expenses? |
|
|
|
|
Logged
|
|
|
|
Nemo
Shit Bacon
Online
Posts: 21567
|
|
« Reply #221 on: Wednesday, February 10, 2010, 13:30:44 » |
|
With a deadline of Monday to file a "statement of affairs". What's Avram's private life got to do with it?
Apparently Avram's hookers have more assets than the club. |
|
|
|
|
Logged
|
|
|
|
Power to people
Offline
Posts: 6438
|
|
« Reply #222 on: Wednesday, February 10, 2010, 14:20:32 » |
|
Can't see how they can arrange to pay back they money that they owe - sounds like the judge is taking into account all other debts also - they clearly have no money and who is going to buy them with such massive debts to clear straight away
|
|
|
|
|
Logged
|
|
|
|
jonny72
Offline
Posts: 5554
|
|
« Reply #223 on: Wednesday, February 10, 2010, 14:33:08 » |
|
From what the judge said it really doesn't look good for them. I reckon it will take a major investor / takeover to convince the judge that they aren't insolvent and can trade out of the whole they are in. With the debt levels they are talking about I'd be amazed if they manage to convince someone else to piss their money away.
Potentially the biggest problem they have is that HMRC don't give a flying fuck about the money, the principle is far more important to them as it sends out a message to every they they won't take any shit. Given the choice between half the money they are owed and pushing ahead with the bankruptcy (and getting fuck all money) they will go for bankruptcy every single time.
|
|
|
|
|
Logged
|
|
|
|
Colin Todd
Offline
Posts: 3318
|
|
« Reply #224 on: Wednesday, February 10, 2010, 14:35:29 » |
|
From the size of their debts they'd need to reduce their wage bill to that of a good league 1 club whilst staying in the premier league to actually pay it off over any sort of reasonable period
|
|
|
|
|
Logged
|
|
|
|
|
