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Pompey 58m in debt!



seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,946
Crap Town
Pompey could be relegated at the weekend depending on results. Birch has called a meeting for April 26th , so we have to cross our fingers the plug isn't pulled before the final league game of the season on the 28th.
 






Mutts Nuts

New member
Oct 30, 2011
4,918
Pompey could be relegated at the weekend depending on results. Birch has called a meeting for April 26th , so we have to cross our fingers the plug isn't pulled before the final league game of the season on the 28th.

Pompey relegated excelent news, hopefully liquidation will be next.
 


Triggaaar

Well-known member
Oct 24, 2005
53,200
Goldstone
I think the council has hinted the covenant can be lifted to allow redevelopment.
And if that's up to the council, then it's the fans job to make it known they will only vote for people that would never lift it.
 


seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,946
Crap Town
The league will step in to help if it came to it and the club had only a couple of games left.

The ideal scenario is for Pompey to play their final game on the 28th and then be liquidated 2 days later , saves all the additional paperwork for the FA to sort out if they go bust beforehand.
 




seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,946
Crap Town
And if that's up to the council, then it's the fans job to make it known they will only vote for people that would never lift it.

Look what happened with The Goldstone , Chartwell acquired it for £7M but sold it on for £23M once the planning permission was granted for a retail park.
 


warmleyseagull

Well-known member
Apr 17, 2011
4,389
Beaminster, Dorset
Assuming they go after end of season (and can't see league letting it happen before then with 4 games to go) what happens in League One next season? Do they promo 5 from League two and 3 from Conference with knock ons all the way down the Leagues?
 


seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,946
Crap Town
Assuming they go after end of season (and can't see league letting it happen before then with 4 games to go) what happens in League One next season? Do they promo 5 from League two and 3 from Conference with knock ons all the way down the Leagues?

The club finishing in 21st place in L1 this season could be reprieved from relegation which would make the numbers up for next season , 4 clubs would still be promoted from L2 allowing another Conference team to be promoted (3 in total) with a knock on effect down the leagues.
 




warmleyseagull

Well-known member
Apr 17, 2011
4,389
Beaminster, Dorset
This could be good for Wrexham - avoids play offs and to be fair they deserve auto promo based on the two games against us.

The club finishing in 21st place in L1 this season could be reprieved from relegation which would make the numbers up for next season , 4 clubs would still be promoted from L2 allowing another Conference team to be promoted (3 in total) with a knock on effect down the leagues.
 


Triggaaar

Well-known member
Oct 24, 2005
53,200
Goldstone
Look what happened with The Goldstone , Chartwell acquired it for £7M but sold it on for £23M once the planning permission was granted for a retail park.
Indeed, that's what can happen. I don't think fans or council should let it happen though.
 






Mutts Nuts

New member
Oct 30, 2011
4,918
Assuming they go after end of season (and can't see league letting it happen before then with 4 games to go) what happens in League One next season? Do they promo 5 from League two and 3 from Conference with knock ons all the way down the Leagues?

The place should be given to Rangers leaving Scottish Scum Celtic to play on there own in shitty sockland
 


Driver8

On the road...
NSC Patron
Jul 31, 2005
16,216
North Wales
The place should be given to Rangers leaving Scottish Scum Celtic to play on there own in shitty sockland

Replace one team cheating loads of local businesses out of money and living beyond their means with another team doing exactly the same thing?
 


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