http://www.bbc.co.uk/dna/606/A63204121
From 606 (What planet are they on?)
posted 13 Hours Ago
turkey - apt name! you have your feathers all ruffeld and wrong........ from a legal stand point, you have to be legally declared insolvent! which we have not. The frase used by the court spokeswoman was in effect wrong, ad i have been lead to beleive she has been warned of any future commments. PFC is trading in debt, a high percentge of football clubs are doing the same! Just because a business is in debt, does not mean you are insolvent.
Insolvency is only granted by a court, when a company or person is no longer able to meet its liabilities, PFC has many liabilities, but they are being met. HMRC have decided that through a breakdown in comms and ability to "agree" with PFC the amount of tax owed, it was easier to let a judge decide.
And to add to your last comment, we will NOT be wound up!..........jeeeez, how many more times?
I guess you will also be one of many who jump for joy when news breaks about a take over? Shame you cant find the same support now!
PUP