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Author Topic: Pay Up Pompey,Pompey Pay Up!  (Read 253497 times)
@MacPhlea

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« Reply #780 on: Thursday, May 6, 2010, 10:54:45 »

so, the debt is now £138.6m... £20m increase in a month

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8664722.stm
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pauld
Aaron Aardvark

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« Reply #781 on: Thursday, May 6, 2010, 11:20:15 »

so, the debt is now £138.6m... £20m increase in a month

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8664722.stm
Less than that, more like 2-3 weeks. Doesn't put a very flattering light on Hacker Young's grasp of the situation does it? They've been there for 2 months now and they're still "finding" an extra £20m here or there they'd previously overlooked? Incredible.
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suttonred

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« Reply #782 on: Thursday, May 6, 2010, 11:20:48 »

It's probably partly crap to keep hmrc from vetoing the cva, be interesting to know if that figure is independently verified if anyone knows?
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Summerof69

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« Reply #783 on: Thursday, May 6, 2010, 11:36:03 »

It's probably partly crap to keep hmrc from vetoing the cva, be interesting to know if that figure is independently verified if anyone knows?

I think you can safely say it is a big 'No'.
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Aaron Aardvark

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« Reply #784 on: Thursday, May 6, 2010, 11:44:00 »

It's probably partly crap to keep hmrc from vetoing the cva
Nah, they went way past the HMRC limit with the £120m. Although this new figure would, I think, (depending on how it breaks down as to how much of it carries CVA voting rights) push Gaydamak out of being able to block it by himself. Tbh, it's more likely to be that someone looked down the back of the sofa in Storrie's old office and found a shoebox full of invoices marked "Naaaa, naaaa, naaaa, I'm not listening"
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pauld
Aaron Aardvark

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« Reply #785 on: Thursday, May 6, 2010, 13:36:32 »

Wooaahhhh! This could be what HMRC have had up their sleeves for the past couple of months. This from BBC journo Matt Slater's twatter feed:

Quote
Kicking off here. Taxman claims another £17m in charges taking unsecured sum 2 £105m. add Chainrai debt + upfront transfer fees 4 £135mish

The Pompey forums are alive at the moment - if they're reading that right, then HMRC's £17m is the reason for the hike from around £122m to just under £139m. Which would give them £33-34m out of £105m unsecured. Which would mean they could block the CVA. Game on.
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Nemo
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« Reply #786 on: Thursday, May 6, 2010, 13:40:13 »

I deeply wish I could have seen a certain someone's face when that memo arrived on his desk.
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tans
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« Reply #787 on: Thursday, May 6, 2010, 13:42:06 »

I deeply wish I could have seen a certain someone's face when that memo arrived on his desk.

[url width=540 height=405]http://www.hep.ucl.ac.uk/~ytl/personal/images/Shocked.jpg[/url]
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tans
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« Reply #788 on: Thursday, May 6, 2010, 13:43:58 »

Whats with the tongue??

Kiddy fiddler grin?

[url width=460 height=276]http://static.guim.co.uk/sys-images/Football/Pix/pictures/2010/3/4/1267733810653/Andrew-Andronikou-001.jpg[/url]
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Nemo
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« Reply #789 on: Thursday, May 6, 2010, 13:44:06 »

I deeply wish I hadn't had a mouthful of Coffee before reading that post!
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tans
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« Reply #790 on: Thursday, May 6, 2010, 13:44:33 »

haha
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suttonred

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« Reply #791 on: Thursday, May 6, 2010, 13:45:14 »

Wooaahhhh! This could be what HMRC have had up their sleeves for the past couple of months. This from BBC journo Matt Slater's twatter feed:

The Pompey forums are alive at the moment - if they're reading that right, then HMRC's £17m is the reason for the hike from around £122m to just under £139m. Which would give them £33-34m out of £105m unsecured. Which would mean they could block the CVA. Game on.


Until he find's another 20 millions worth of invoices in a previously unopened drawer.
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Power to people

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« Reply #792 on: Thursday, May 6, 2010, 14:12:49 »

HMRC are really gunning for Pompey I expect they feel screwed over and rightly so so will add on all fines and charges etc that they are entitled to, hopefully AA won't be allowed to get away with his dirty tricks
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Summerof69

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« Reply #793 on: Thursday, May 6, 2010, 14:32:59 »


Until he find's another 20 millions worth of invoices in a previously unopened drawer.

AA : I wonder if Mike has still got his printing press...
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Aaron Aardvark

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« Reply #794 on: Thursday, May 6, 2010, 16:09:58 »

The Pompey forums are alive at the moment - if they're reading that right, then HMRC's £17m is the reason for the hike from around £122m to just under £139m. Which would give them £33-34m out of £105m unsecured. Which would mean they could block the CVA. Game on.
Apparently not. Seems Andronikou's reached a compromise with HMRC to back the CV. If he has, fair play, that's quite an achievement in itself. Latest from Matt Slater:
Quote
CVA will b HMRC-backed compromise: 5yr deal that will run 4 9 mnths as PCFC then transfer 2 new company 4 remaining 4+ yrs old co will then b liquidated & assets/league membership transfered 2 new co. Full investigation will take place of old co.
# creditors 2 get minimum 20p/£, team payroll cut 2 £10m pa on projected revs of £25m, Premier League advancing £ 2 cover current shortfall
# Creditors committee will b HMRC, Ocadia (Gaydamak), PFA, Capstone (agents) & 2 local suppliers acting together. HMRC says it's owed £35m
Bottom line is they'll be paying off just under £10m pa over 5 years
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