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Sussex
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« Reply #855 on: Tuesday, June 15, 2010, 19:08:55 » |
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How ungrateful.
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Summerof69
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« Reply #856 on: Tuesday, June 15, 2010, 19:11:51 » |
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Bloody busybodies...
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Power to people
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« Reply #857 on: Wednesday, June 16, 2010, 07:44:10 » |
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But apparently they did not have enough to block the CVA on their own they would need others to back them also, although not sure how many, can't beleive that AA is taking this though, I'm waiting for him to throw his toys out the pram and threaten HMRC with risking the survival of the club etc etc
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jonny72
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« Reply #858 on: Wednesday, June 16, 2010, 11:00:20 » |
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AA is saying the total unsecured debt is £105m and HMRC are owed £22m. HMRC appear to claim they are owed £35m.
I can't believe he actually thinks that HMRC will just let this go if they don't manage to block the CVA. There will just be more legal challenges and more delays, quite possibly resulting in Portsmouth starting next season with another points penalty.
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Power to people
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« Reply #859 on: Thursday, June 17, 2010, 12:52:12 » |
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Isn't the creditors meeting today ?
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suttonred
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« Reply #860 on: Thursday, June 17, 2010, 12:54:34 » |
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CVA been accepted according to ssn.
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oxonrobin
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« Reply #861 on: Thursday, June 17, 2010, 13:01:02 » |
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The toss pieces of HMRC will probably appeal and drag this out even longer.
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Summerof69
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« Reply #862 on: Thursday, June 17, 2010, 14:23:10 » |
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The toss pieces of HMRC will probably appeal and drag this out even longer.
The money that they are owed is public money, and if they believe they are owed it, they are within their rights. It looks like AA reduced the HMRC figure, down from the £37m that HMRC claim they are owed to £22m, so the CVA could pass. I can see a legal challenge, and if HMRC win, AA will have to go back to the drawing board, and Pompey will more likely face a points deduction. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8746162.stm |
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oxonrobin
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« Reply #863 on: Thursday, June 17, 2010, 14:53:44 » |
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I understand that. Just feel sorry for their fans.
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Power to people
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« Reply #864 on: Thursday, June 17, 2010, 15:01:46 » |
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The money that they are owed is public money, and if they believe they are owed it, they are within their rights. It looks like AA reduced the HMRC figure, down from the £37m that HMRC claim they are owed to £22m, so the CVA could pass. I can see a legal challenge, and if HMRC win, AA will have to go back to the drawing board, and Pompey will more likely face a points deduction. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8746162.stmDidn't HMRC include money for image rights and AA has taken that off or something along those lines, as said I can't see HMRC letting this one go. Chainrai (sp ?) will now be announced as owner as nobody else wants to buy pompey I expect (as AA has scared them off) |
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Summerof69
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« Reply #865 on: Thursday, June 17, 2010, 15:02:34 » |
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I understand that. Just feel sorry for their fans.
Yes, but none of their fans complained when they built an FA Cup winning side they couldn't afford. |
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jonny72
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« Reply #866 on: Thursday, June 17, 2010, 15:06:38 » |
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None of the figures add up. If HMRC only had 18.7% of the votes then either their debt was less than £24m or the total unsecured debt is more than £105m. I really can't see them letting this go, they will challenge it in court and Portsmouth won't complete the CVA in time - so another points deduction is looming.
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #867 on: Thursday, June 17, 2010, 15:13:03 » |
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Yes, but none of their fans complained when they built an FA Cup winning side they couldn't afford.
That's hardly fair. None of them knew they couldn't afford it. In fact a big part of the problem at Portsmouth seems to have been that no-one knew. None of the figures add up.
Well, it IS Andronikou. His figures never add up. |
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jonny72
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« Reply #868 on: Thursday, June 17, 2010, 15:35:01 » |
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That's hardly fair. None of them knew they couldn't afford it. In fact a big part of the problem at Portsmouth seems to have been that no-one knew.
I just don't buy that. Look at Brighton, question marks about Bloom and his financial backing and none of them give a flying fuck. Ignorance is no defence, Portsmouth fans knew they were spending beyond their means but they didn't question it whilst it bought them success. |
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Summerof69
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« Reply #869 on: Thursday, June 17, 2010, 15:41:18 » |
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That's hardly fair. None of them knew they couldn't afford it. In fact a big part of the problem at Portsmouth seems to have been that no-one knew.
Maybe I went a bit too far with that statement, but one thing for certain, the one person who should've known, was a certain Peter Storrie, but he was seemingly too interested in picking up his win bonuses like the players. |
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