Never understood the rest of the country's thing about Brighton. My sister was convinced I was gay just because I moved there. Yes maybe 5% of the population is gay - 95% arent.
http://news.bbc.co.uk/1/hi/england/3456635.stm
Going into admin, the dodgy owners past and present losing a shed load of money and getting relegated I reckon most would be happy about. Few would want the club to disappear or be in a league so far below Saints we dont have a derby for years.
Thats just grunt's bravado. I redckon only a minority and a small one at that actually want you guys to go out of business. Months of torture, embarrassment, worry and eventually restored to reasonable health in Lg1 - thats a different matter.
I got asked for ID when I ordered a beer with a meal in a pizza place in California. I was 32 and my balding mate was 34. With no ID she refused. What made it worse was the free sweet she gave us at the end of the meal was chup chops lolly.
Wouldn't be surprised if this is what Pompey were attempting. Think they may have miscalculated a bit tho.
http://www.timesonline.co.uk/tol/life_and_style/food_and_drink/article5489650.ece
Still have to pay off HMRC; show that your income will exceed expenditure going forward and still have sufficient left over to agree repayment schedules with the remaining creditors so that they dont issue petitions of their own.
All hinges on whether they can show they have sufficient new investment lined up to restore them to solvency. Up to registrar to decide how credible offers are and a reasonable timeframe for completion. Dont think vague expressions of interest would be sufficient for them though - have to be real, concrete and provable.
External accountant. Doesnt stop the directors lying to the accountant though if they are comfortably resident elsewhere - not that Pompey have anyone disreputable involved in the club of course.
http://www.bizhelp24.com/accounting/bankruptcy/statement-of-affairs.html
Sometimes used as the basis for criminal prosecutions. ie if statement of affairs shows they were fooked in November but continued to trade until February the directors can be prosecuted.