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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella
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St Marco

St Marco

Posted
Posted

Have to agree with that.

They have gone home for the evening now which means no more negotiations tonight.

So tomorrow they will play a very very dangerous game. Either spend the 2hrs before the case trying to broker a deal. And if succesful they survive, if it fails they go into the court case having not prepared for it and thus get ripped apart.

 

or

With the 2hrs left file for admin and pray it is accepted.

 

Think it is 99.999999% likely they will enter admin tomorrow morning.

St Marco

St Marco

Posted
Posted
So is there anyway that at some point tomorrow PFC will be no more and sats match will be canx?

 

If Portsmouth go to the HMRC case at 11.30 without a deal in place the judge could order them to be wound up. Which means they go into liquidation, meaning they are no more.

Joensuu

Joensuu

Posted
Posted
So is there anyway that at some point tomorrow PFC will be no more and sats match will be canx?

 

If the club is put immeadiately into liquidation the game wouldn't go ahead.

 

As Pompey haven't yet gone into Admin, and they haven't yet brokered a deal with HMRC, the likelihood that the game on Saturday will be cancelled has increased. However I still think it is about 90% likely to go ahead.

Weston Saint

Weston Saint

Posted
Posted
Have to agree with that.

They have gone home for the evening now which means no more negotiations tonight.

So tomorrow they will play a very very dangerous game. Either spend the 2hrs before the case trying to broker a deal. And if succesful they survive, if it fails they go into the court case having not prepared for it and thus get ripped apart.

 

or

With the 2hrs left file for admin and pray it is accepted.

 

Think it is 99.999999% likely they will enter admin tomorrow morning.

 

It is all about negotiation tomorrow. Both sides will form a position overnight and negotiations will commence again at the court door tomorrow.

 

I have only once done a deal at the court door and only because a senior high court judge had hinted he preferred the other sides evidence. They wanted £2.4m I had paid in £300,000. Negotiated at £980,000 even sending a note to the judge at the time of the hearing to stay in his chambers as a deal was likely. He simply approved the order we drew up later in the morning.

 

Never liked court door negotiation because most of the costs incurred by then but it has it's place. Would not like to be the PFC barrister tomorrow though :)

Katalinic

Katalinic

Posted
Posted
Merdian News completely ignored the story tonight.

 

Fred burying his head in the sand hoping it goes away?

 

Probably running with a story about something happening in Kent.

Katalinic

Katalinic

Posted
Posted

 

Never liked court door negotiation because most of the costs incurred by then but it has it's place. Would not like to be the PFC barrister tomorrow though :)

 

Nor me, just imagine, even if they win they might not get paid.

miserableoldgit

miserableoldgit

Posted
Posted
Merdian News completely ignored the story tonight.

 

Fred burying his head in the sand hoping it goes away?

Strangely they didn`t seem to have any "Sport" at all. There are 3 big games in our area tonight. Nothing mentioned.:confused:

Matthew Le God

Matthew Le God

Posted
Posted
Grosvenor Basingstoke have dropped their participation in the WUP because they've been paid.

 

It is still there on the high court website. Possibly just not been updated, but also the BBC could be wrong.

JackFrost

JackFrost

Posted
Posted

Spare a moment's thought for Chester City.

 

According to the beeb their game tonight has been called off because the Chester players refused to get on the team bus as they'd only received 1 week's pay in the last 3 months.

Crab Lungs

Crab Lungs

Posted
Posted
If they won't reach an agreement, put the club into admin. They won't get a penny. Money grabbing bully boys. HMRC.....foxtrot oscar back to the hole u cam from!.

 

Er, I'm sorry.... who is in the wrong here?

 

How stupid can people be. You owe the money, dickheads...

gaz

gaz

Posted
Posted
Spare a moment's thought for Chester City.

 

According to the beeb their game tonight has been called off because the Chester players refused to get on the team bus as they'd only received 1 week's pay in the last 3 months.

 

Yep. Only 9 players were prepared to play, and they had to forfeit for being unable to play the match.

 

http://www.devachat.com/index.php?showtopic=61363

OldNick

OldNick

Posted
Posted
Er, I'm sorry.... who is in the wrong here?

 

How stupid can people be. You owe the money, dickheads...

if it meant that Pompey not paying the HMRC that his and sister the mother to his children was not going to get her dole and credits he'd think differently.
dune

dune

Posted
Posted
If Portsmouth go to the HMRC case at 11.30 without a deal in place the judge could order them to be wound up. Which means they go into liquidation, meaning they are no more.

 

I so hope this comes to pass. I'll be grinning from ear to ear for weeks.

ericofarabia

ericofarabia

Posted
Posted

One rule for one and another rule for another :cool:

 

Chester, who are up for sale for just £1, started the season with a 25-point deduction in the Conference standings and have until March 10 to ward off a winding-up order by paying £26,125 to HM Revenue & Customs.

hutch

hutch

Posted
Posted

I've got the skate game live on the satellite here. They've just come out, so they are still in business at the moment (or if they aren't, Storrie hasn't told Avram yet).

 

Kenwyne's in the Sunderland side. Hat-trick?

pedg

pedg

Posted
Posted (edited)
I've got the skate game live on the satellite here. They've just come out, so they are still in business at the moment (or if they aren't, Storrie hasn't told Avram yet).

 

Kenwyne's in the Sunderland side. Hat-trick?

 

They found 50p to pay for the electricity for the floodlights then?

Edited by pedg
andysstuff

andysstuff

Posted
Posted
I've got the skate game live on the satellite here. They've just come out, so they are still in business at the moment (or if they aren't, Storrie hasn't told Avram yet).

 

Kenwyne's in the Sunderland side. Hat-trick?

 

Packed ground is it - seeing as they have greatest supporters in the world, I'm guessing they are all there to vive as much support as possible!

TopGun

TopGun

Posted
Posted
It is all about negotiation tomorrow. Both sides will form a position overnight and negotiations will commence again at the court door tomorrow.

 

I have only once done a deal at the court door and only because a senior high court judge had hinted he preferred the other sides evidence. They wanted £2.4m I had paid in £300,000. Negotiated at £980,000 even sending a note to the judge at the time of the hearing to stay in his chambers as a deal was likely. He simply approved the order we drew up later in the morning.

 

Never liked court door negotiation because most of the costs incurred by then but it has it's place. Would not like to be the PFC barrister tomorrow though :)

 

I once had a similar experience. I had taken a company to court for £10K they owed me. They blagged and blagged, hired a barrister who attempted to head me off at the pass (the court door) with a £3K offer. I nearly bottled it but held firm. Got my £10K. Not nice though.

SW5 SAINT

SW5 SAINT

Posted
Posted

Reading in one of the papers(the guardian I think) today that poopey employ 600 people and are the 2nd largest employer in the city - I don't whats more astonishing poopey employing 600 people, or that they are the 2nd biggest employer in the city ( I conclude MoD must be the largest)

bridge too far

bridge too far

Posted
Posted
Reading in one of the papers(the guardian I think) today that poopey employ 600 people and are the 2nd largest employer in the city - I don't whats more astonishing poopey employing 600 people, or that they are the 2nd biggest employer in the city ( I conclude MoD must be the largest)

 

The hospital employs 7,000 and goodness knows how many the council employs :D

Foxy

Foxy

Posted
Posted
Packed ground is it - seeing as they have greatest supporters in the world, I'm guessing they are all there to vive as much support as possible!

 

Well they're 1 down already. Not Big Ken though. But we're winning which will cheer them up no end as if they go out of business I guess they will probably start supporting us on mass, being their local club :grin:

Delmary

Delmary

Posted
Posted
Well they're 1 down already. Not Big Ken though. But we're winning which will cheer them up no end as if they go out of business I guess they will probably start supporting us on mass, being their local club :grin:
Please god no!
gaz

gaz

Posted
Posted (edited)

Sounds like Pompy are clueless against a poor Sunderland side, they are diving/jumping at anything and the crowd are near silent.

 

Even Avram's run on the pitch to complain to the ref just before the end of the half, and as the half time whistle went....

 

Having to put up with Jackie Oakley and Steve Claridge on 5Live Extra commentary.

 

--Edit

 

In a mo they are having an interview with Neil Allen from the Pompy local rag.

Edited by gaz
gaz

gaz

Posted
Posted

Neil Allen:

 

''match v Sunderland - should have been a penalty, baffling decisions from the ref, sent off the wrong player until guilty one admitted it''

 

''winding up order - club still confident of getting it overturned but are still in talks....Storrie and Jacob at the match tonight. Nothing sorted out, everyone waiting and nobody knows anything apart from those two and HMRC. Club owes £5m and have offered £1.8m plus installments guarenteed against future investment, and have to try and convince HMRC that someone s coming along to pay up.

 

Vibrant club with fantastic supporters, tremendous supporters and will be a queue of buyers if they go into admin despite the ground/training facilities. Chanrai/Gaydamek don't want admin and are trying v.hard to sell. If club gets stay of execution from HMRC, they'll go into admin straight away but will come out fine, local businesses won't be though and some will not survive. Fans resigned to admin and relegation. Fans hate all the people connected over the past few years, can't point blame finger at any one person and don't know where the money went''

 

Paraphrased, of course.

 

And Avram is sent to the stand for the second half.

Channon's Sideburns

Channon's Sideburns

Posted
Posted
Neil Allen:

 

''match v Sunderland - should have been a penalty, baffling decisions from the ref, sent off the wrong player until guilty one admitted it''

 

''winding up order - club still confident of getting it overturned but are still in talks....Storrie and Jacob at the match tonight. Nothing sorted out, everyone waiting and nobody knows anything apart from those two and HMRC. Club owes £5m and have offered £1.8m plus installments guarenteed against future investment, and have to try and convince HMRC that someone s coming along to pay up.

 

Vibrant club with fantastic supporters, tremendous supporters and will be a queue of buyers if they go into admin despite the ground/training facilities. Chanrai/Gaydamek don't want admin and are trying v.hard to sell. If club gets stay of execution from HMRC, they'll go into admin straight away but will come out fine, local businesses won't be though and some will not survive. Fans resigned to admin and relegation. Fans hate all the people connected over the past few years, can't point blame finger at any one person and don't know where the money went''

 

Paraphrased, of course.

 

And Avram is sent to the stand for the second half.

 

You'd think Storrie and Jacobs would be holed up in London preparing wouldn't you?

 

Oh, this is Pompey. One last chance to large it up in front of a paltry crowd I guess.

Crab Lungs

Crab Lungs

Posted
Posted (edited)
They found 50p to pay for the electricity for the floodlights then?

 

Chainrai is hand feeding them himself into the meter. ;-)

Edited by Crab Lungs
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