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Will Pompey fold? (merged threads)
- Thread starter Brighton TID
- Start date
Falkor
Banned
- Jun 3, 2011
- 5,673
there now a proper charity case
Raise funds for Portsmouth Football Club with forgottenmobile.com
problem is there is a damn site better charities the money can go to forgottenmobile.com Partners
and they where not to quick to help Charities after they screwed St Johns ambulance
Raise funds for Portsmouth Football Club with forgottenmobile.com
problem is there is a damn site better charities the money can go to forgottenmobile.com Partners
and they where not to quick to help Charities after they screwed St Johns ambulance
sir albion
New member
Fack me how is that club still going?thought the deadline was the 10th?shocking
They are all one month contracts. Apparently players were queuing up at the door to sign. Amazing with their track record, that any player would even give them a month. I guess they had no other offers, although I find it hard to believe that the above players have not been offered contracts elsewhere.
seagullsovergrimsby
#cpfctinpotclub
They have been signed on monthly contracts , with the club still in administration Birch is able to use part of the parachute payment to keep things ticking over , if PST don't take over the club in the next couple of weeks the administrator's fee will shoot past the £2M mark.
Barnham Seagull
Yapton Actually
The Premier League and Football League are a joke. They have fudged the whole Pompey thing, wonder if its because they were recently in the prem and one an FA cup?
Bournmemouth, Rotherham and Luton must be spitting blood.
Wonder what the creditors think of the £3.4m sitting in Pompeys account being used to keep them going and to pay the extra 10 players they have just signed?
Bournmemouth, Rotherham and Luton must be spitting blood.
Wonder what the creditors think of the £3.4m sitting in Pompeys account being used to keep them going and to pay the extra 10 players they have just signed?
Mutts Nuts
New member
- Oct 30, 2011
- 4,918
How is all of this legal ,surely the creditors have a right to the money that they are owed
Pinkie Brown
Wir Sind das Volk
This gets a bigger farce by the day! I've only just stumbled across this & I don't see it mentioned anywhere else:
BBC Sport - Football League allows Portsmouth to begin on zero points
Yet again, this disgrace of a club is getting special treatment by having the minus 10 points deferred until they exit administration. Why?
I can sense a fudge further down the line.
BBC Sport - Football League allows Portsmouth to begin on zero points
Yet again, this disgrace of a club is getting special treatment by having the minus 10 points deferred until they exit administration. Why?
I can sense a fudge further down the line.
SurreySeagulls
Well-known member
But didn't Rotherham and Bournemouth have ADDITONAL points deducted for not being out of Administration at the time the season started or have I missed something. Why haven't the FL got the balls to just tell Pompey to feck off to the Wessex league. There they can screw businesses to their hearts content for all I care.
sir albion
New member
Im disgusted by the pompey saga,how is it possible to get away with everything?
Disgraceful
Disgraceful
seagullsovergrimsby
#cpfctinpotclub
There maybe different rules about exiting a CVA in time which are different from leaving administration before the season starts. I think legal advice maybe sought by Bournemouth , Rotherham , Luton , Plymouth , Leeds , Boston , Stockport , Palace and Southampton in view of their historical points deductions.
The next thing we will see is Pompey fans being given special dispensation at away grounds . They will only have to pay 2P in the pound for the value of their tickets . The league will justify this saying that the Supporters trust will need all the money they can get to help Pompey come out of admin.
Falkor
Banned
- Jun 3, 2011
- 5,673
and they will get away with that also, they wont get a point deduction
Yes that was true - and I have a feeling that this is why the points deduction isn't coming into play now. I do think that they will be hit with additional points deductions once they exit administration. Let's face it, they have less than 3 months for the PST to take-over, as company's are only allowed to trade for 12 months in administration, and if they don't exit by then, the points deduction is irrelevant because they will be liquidated.
Mileoakman
Well-known member
I see now Appleton expects to sign 17, (YES 17!!!!), players in total today.
Makes you wonder whether there is any justice in the world.
Mind you I see that the Premier League have said they can't guarentee that part of the next Parachute payment can go to the Council, so that might scupper the loan there hoping for. It will be interesting to see how that plays out but I bet theres a few more twists and turns to come.
Makes you wonder whether there is any justice in the world.
Mind you I see that the Premier League have said they can't guarentee that part of the next Parachute payment can go to the Council, so that might scupper the loan there hoping for. It will be interesting to see how that plays out but I bet theres a few more twists and turns to come.
Much as I don't want to defend Pompey I don't think Luton are a good example. Some of their points deduction were for dodgy dealings and 20 of them were for exiting admin without a CVA ( unfortunately if Pompey exit admin I suspect it will be via a CVA ).
Fair point , i was making more of the fact that they were docked and the rules seem to have been bent for Pompey .
Looking at the latest update from the Administrator today - I would say that time is almost certainly going to up for Pompey.
The player compromise agreements still totalled £8M!!!!!!! That's not compromise, that's just ticking a box. The PST have only set aside £2M to cover this, so all the player compromise agreements are now going to have to be re-negotiated (effectively). Never mind the fact that the business plan still needs FL sign-off.
I really don't think that there is the time, nor the ability to pull this off, and I don't think Portsmouth will finish the season.
The player compromise agreements still totalled £8M!!!!!!! That's not compromise, that's just ticking a box. The PST have only set aside £2M to cover this, so all the player compromise agreements are now going to have to be re-negotiated (effectively). Never mind the fact that the business plan still needs FL sign-off.
I really don't think that there is the time, nor the ability to pull this off, and I don't think Portsmouth will finish the season.
seagullsovergrimsby
#cpfctinpotclub
The loan from the City Council is dependent on a strict set of conditions , mainly that they have an agreement in place with the relevant parties that the loan is guaranteed to be paid off in August 2013 with a portion of the parachute payment. Will there be enough money left after the wage deferrals are settled , administrators fees paid and running costs for the season taken into consideration ?