Portsmouth Wound up tomorrow wed?

[Couldn't Be Hyypia]

This is totally different from our situation. Our ground was sold from under us by an unscrupulous wanker - we tried to stop him.

Portsmouth borrowed money secured against future earnings in order to buy better players than they could afford in the hope that they would do well in the Premiership and then be able to pay the debts. They failed in their gamble and are now paying the price - having had fleeting success which the fans do doubt enjoyed.

Not the same as BHA - don't want them to disappear butbasically they cheated the system by spending money they couldn't repay and now they pay the price. If that's eventual releagation to League One (god forbid) or even out of the League, so be it. They gambled with their own future and blew it. Now is the reckoning time.

 

[Simster]

FFS! What THE HELL are we supposed to do until 2pm!

Perhaps create a comedy JPG montage featuring that wanker with the bell, the shit "stadium", and a copy of the league table.

Something that positively REVELS in this terribly sad state of affairs.

 

[strings]

Apparently the stadium is protected, and can only be used for football. Does anyone know if this is true?

Could it be used for a South Coast Rugger team?

 

[Simster]

Apparently Southend and Cardiff have both been given another 28 days. But what about Portsmouth?

 

[Couldn't Be Hyypia]

Adjournment might suggest that the two parties (PFC and HMRC) have aksed to have a chat.

 

[Barrel of Fun]

Cardiff have a winding up order? Tsk. Who is in charge?

Oh yes, Peter Risdale. I would have thought the Cardiff fans would have done their utmost to ensure he didn't have anything to do with the club, certainly when he uttered the words "I have a dream...".

 

[clippedgull]

SKY now saying decision in Portsmouth case due before 1pm

 

[Kinky Gerbil]

Perhaps create a comedy JPG montage featuring that wanker with the bell, the shit "stadium", and a copy of the league table.

Something that positively REVELS in this terribly sad state of affairs.

You forgot the key part.

Crying Children

Maybe even Dindane's face after missing another sitter as well

 

[Carrot Cruncher]

I don't think any decent football fan wants any club to go to the wall. However, the same decent supporters of clubs that are run on sound finances but are not always successful on the pitch, are becoming increasing disillusioned with clubs that spend way beyond their means to buy success or buy in to the Premiership 'dream', go into administration as a way of clearing their debts and are then allowed to carry on where they left off with the potential to spend millions on players.

 

[CHAPPERS]

I don't think any decent football fan wants any club to go to the wall. However, the same decent supporters of clubs that are run on sound finances but are not always successful on the pitch, are becoming increasing disillusioned with clubs that spend way beyond their means to buy success or buy in to the Premiership 'dream', go into administration as a way of clearing their debts and are then allowed to carry on where they left off with the potential to spend millions on players.

This is EXACTLY how I feel.

TO THE LETTER.

 

[strings]

Courtesy of timesonline.co.uk:

12.11pm: Latest from Nick Szczepanik at the High Court: Portsmouth's case has been moved to the end of the session because it is disputed - their hearing will resume at 2pm. First comes a sad procession of failed builders, caterers and other small businesses. There are two replica Portsmouth FC shirts in the room.

 

[Hotchilidog]

I don't think any decent football fan wants any club to go to the wall. However, the same decent supporters of clubs that are run on sound finances but are not always successful on the pitch, are becoming increasing disillusioned with clubs that spend way beyond their means to buy success or buy in to the Premiership 'dream', go into administration as a way of clearing their debts and are then allowed to carry on where they left off with the potential to spend millions on players.

Spot on. I am afraid Pompey have only themselves to blame for their troubles, they play in a league which is currently enjoying the benefits of a £1.78 Billion broadcasting rights deal, they should not have allowed themselves to have got into this situation.

 

[Alex Alex Dawson oo! oo!]

Courtesy of timesonline.co.uk:

12.11pm: Latest from Nick Szczepanik at the High Court: Portsmouth's case has been moved to the end of the session because it is disputed - their hearing will resume at 2pm. First comes a sad procession of failed builders, caterers and other small businesses. There are two replica Portsmouth FC shirts in the room.

There's no doubt that Nick S will be loving every minute of this.

 

[pasty]

SSN now saying decision imminent

 

[seagullsovergrimsby]

Apparently the stadium is protected, and can only be used for football. Does anyone know if this is true?

Could it be used for a South Coast Rugger team?

Does this still aplly if the club goes into liquidation and the assets are sold off to pay the creditors ? Football stadia are potentially worth more as retail or housing redevelopments.

 

[seagullsovergrimsby]

SSN now saying decision imminent

Bollocks , just leaving for work now , so wont hear the news until I finish.

 

[Barrel of Fun]

Hornchurch, Rushden & Diamonds and other clubs over extended themselves on a small scale. I don't remember fans being up in arms about them buying into the dream?

Portsmouth deserve everything they get and more so. Wouldn't it be great to be able to attract an England International in the shape of Sol Campbell, lure him with a lucrative contract with various bonuses and image rights deals, but then refuse to pay and lift the FA Cup along the way.

I would love to see them suffer for their sustained period of artificial elevation. Return to the depths of the Football League and have 8,000 or so fans rattling about in Fratton Park. I'd BLOODY love it!

Sadly, I think they are going to get out of this. They might face relegation, but the farcical parachute payment system will assist.

 

[Barrel of Fun]

Some twonk was just saying that "Everyone in the city, even if they have never been to a football match, see themselves as Pompey supporters".

 

[Hiney]

I don't think any decent football fan wants any club to go to the wall. However, the same decent supporters of clubs that are run on sound finances but are not always successful on the pitch, are becoming increasing disillusioned with clubs that spend way beyond their means to buy success or buy in to the Premiership 'dream', go into administration as a way of clearing their debts and are then allowed to carry on where they left off with the potential to spend millions on players.

That is IT

 

[hans kraay fan club]

If Portsmouth goes into liquidation, the staff will be released from their contracts and the assets of the club will be sold off to raise money to pay whatever they can raise to the Portsmouth FC's creditors.

How does that work in such a case though, where [some of] the staff ARE the 'assets'?.