Portsmouth Wound up tomorrow wed?

[strings]

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.

This is spot on. The taxman isn't the only person out of pocket.

In another issue, I wonder if the Premier Leage have a contingency plan for a team going bust. Only 2 demotions? Asking for an extra promoted club from the foorball leage? Incidentally, how would the football league and all of the leagues thereafter cope with this?

 

[bhaexpress]

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.

Yes but Pompey is a carbuncle on the face of the South Coast and Fratton even more so. Still I suppose if you lived in South London it wouldn't seem so bad

 

[Insel affe]

All this 10 points if a team goes into admin, is not enough of a deterrent in my opinion as with Palarse (not picking on you just because) 10pts is nothing. It should be automatic relegation down to the next division and if not sorted by the end of another time limit, down you go again. We were screwed once by owners and could well be in the future, and know all to well that things can spiral out of control. But enough is enough throwing silly money around that is not even yours is theft.

 

[clippedgull]

SKY: Portsmouth have told High Court, two serious offers have been made to buy club

 

[pasty]

Court just been told that Pompey is insolvent.

 

[KneeOn]

SKY: Portsmouth have told High Court, two serious offers have been made to buy club

Any news on who? Or weather it'll wash with HMRC? I've got a feeling that they won't fold... i hope they don't...

 

[Insel affe]

SKY: Portsmouth have told High Court, two serious offers have been made to buy club

delaying tactic

why dont these alleged buyers come forward sooner ? 28 days to fend off points deduction......... Not fair

 

[Alex Alex Dawson oo! oo!]

Court just been told that Pompey is insolvent.

If this is true then I think the directors are committing a criminal offence by continuing to trade?

 

[clippedgull]

Any news on who? Or weather it'll wash with HMRC? I've got a feeling that they won't fold... i hope they don't...

No names mentioned yet. Reporter suggests 28 day adjournment likely outcome.

 

[strings]

If this is true then I think the directors are committing a criminal offence by continuing to trade?

Unless Portsmouth FC is a charity, which it isn't.

 

[sam86]

Bored.

 

[Barrel of Fun]

no names mentioned yet. Reporter suggests 28 day adjournment likely outcome.

boooooooo!!!!!!

 

[pasty]

Inland revenue claiming £11M which is £4M more than Pompey reckon!

 

[Alex Alex Dawson oo! oo!]

HMRC has asked (12:50) that either the winding up order is executed today or only a very short adjournment is granted.

Football's day of reckoning at the High Court | Football - Times Online

 

[The Wizard]

I guess I'm the only one who doesn't want them to die then, ah well...

 

[pasty]

Adjourned for 7 days

 

[The Wizard]

 

[CHAPPERS]

Why? Where are they going to find that money from?

 

[little al]

Is it 7 days to find the full £11.5m?

 

[Barrel of Fun]

Why would anyone want to invest in Portsmouth FC and pay off all those debts? The dream is over. They are not going to be able to expand Fratton Park, they are not going to be able to build a new stadium overnight, they have an enormous wage bill and chances are they are going to get relegated.

There would be much more likely candidates to buy if you wanted a football team.

Delaying the inevitable, hopefully.