nevillew
Tripping the light puntastic
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« Reply #795 on: Thursday, May 6, 2010, 19:27:36 » |
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A projected revenue of £25m doesn't sound much if £16m is a parachute payment for each of the first two years.
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Paolo Di Canio, it's Paolo Di Canio
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pauld
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« Reply #796 on: Thursday, May 6, 2010, 19:32:24 » |
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A projected revenue of £25m doesn't sound much if £16m is a parachute payment for each of the first two years.
They won't get them - they'll go straight to football creditors. Which I think is outside the c £10m pa they'd owe under the CVA, but I may have that wrong
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reeves4england
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« Reply #797 on: Thursday, May 6, 2010, 19:32:47 » |
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A projected revenue of £25m doesn't sound much if £16m is a parachute payment for each of the first two years.
Why not? There's not much chance of them being back in the Premier League any time soon, and the money is nowhere near as good in the Championship.
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nevillew
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« Reply #798 on: Thursday, May 6, 2010, 19:39:18 » |
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£3.6m league payments 23 home games at say £300,000 per game, sponsorship, TV money + player sales.
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Paolo Di Canio, it's Paolo Di Canio
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Summerof69
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« Reply #799 on: Monday, May 10, 2010, 11:51:01 » |
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Apparently the extra £17m that HMRC is due to Image Rights, due to the fact that these are only taxed on at 21% instead of the higher rate of 40/50%, and HMRC say this is a tax avoidance scam.
HMRC are challenging this on all football clubs, who pay a percentage of the players salary as 'image rights'.
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pauld
Aaron Aardvark
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« Reply #801 on: Friday, May 14, 2010, 12:59:07 » |
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What's £4m between friends? The amusing thing is that the lot who prepared the statement of affairs for the court, who were there before they went into admin, got it right. Shows what you can do with competent accountants and insolvency experts
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Power to people
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« Reply #802 on: Tuesday, May 25, 2010, 13:11:11 » |
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I see that it looks like Andronikou is going to be appointing a new manager, in one breath he says there has been lot's of interest - and then in the next he says there has been around 6 applicants, 2 of them are Brendan Rogers (nearly relegated Reading) & Steve Cotterill (done well in 3/4 months at Notts County but is out of contract), he also talks about how he does not think David James is ready to be a manager and it seems that James has applied
He was given the position as administrator to sort out the finances, surely he should be leaving it until new owners are in place to appoint a manager and leave it to the remaining backroom staff to sort the everyday football stuff out until then.
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pauld
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« Reply #803 on: Tuesday, May 25, 2010, 13:17:17 » |
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There isn't going to be a new owner. He's there to hand the club back over to Chainrai with the debt reduced and HMRC off their backs
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Power to people
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« Reply #804 on: Tuesday, May 25, 2010, 15:50:33 » |
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I realise that but a white knight may appear over the hill...or in pompey's case over the sea
I see that he is saying that Storie will have a say on the new manager.
Storie and Mandaric have both been charged today with a second count of defrauding the revenue
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Rich Pullen
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« Reply #805 on: Tuesday, May 25, 2010, 18:08:45 » |
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Just eternally glad that Andronikou is dealing with Portsmouth and not us.
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« Reply #807 on: Wednesday, May 26, 2010, 13:12:09 » |
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I wonder if his "family" included Diamandis, after all he put's so much business his way it was probably his way of treating him
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Summerof69
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« Reply #808 on: Wednesday, May 26, 2010, 13:46:25 » |
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I wonder if his "family" included Diamandis, after all he put's so much business his way it was probably his way of treating him
I thought exactly the same...
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