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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella
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Chez

Chez

Posted
Posted
The times reported

 

HM Revenue & Customs have asked the High Court to either execute the winding up order today or grant a "very short" adjournment in the case. The wait goes on ...

 

does executing the winding up order mean force them to pay up of die, or just kill?

 

Does adjournment mean time to complete payment, or time before they come back to discuss again before the judge

OldNick

OldNick

Posted
Posted
Quote from courtroom source:

 

"The FA have provided a substantial sum to allow debts to be paid. wtf?"

 

Not sure who said this, so may be poopey trying to claim some wriggle room.

if true that is opening a can of worms
Katalinic

Katalinic

Posted
Posted
Quote from courtroom source:

 

"The FA have provided a substantial sum to allow debts to be paid. wtf?"

 

Not sure who said this, so may be poopey trying to claim some wriggle room.

 

If that is true then it is a disgrace and has repercussions for any club who is or has been in debt.

GenevaSaint

GenevaSaint

Posted
Posted

From the Times Blog.....

 

12.56pm: Sky Sports are reporting that HM Revenue & Customs have told the High Court that Portsmouth are "insolvent" - which basically means it thinks the club have more debts than they would be able to clear even if they sold all their assets, were mortgaged or sold. Not a good state of affairs.

 

12.50pm: HM Revenue & Customs have asked the High Court to either execute the winding up order today or grant a "very short" adjournment in the case. The wait goes on ...

St Marco

St Marco

Posted
Posted

wow and the first bit of bull**** from Portsmouth is exposed. They owe over £11m to the taxman.....

 

Is it me or does it sound like their lawyers are getting killed in there?

Liquidshokk

Liquidshokk

Posted
Posted
wow and the first bit of bull**** from Portsmouth is exposed. They owe over £11m to the taxman.....

 

Is it me or does it sound like their lawyers are getting killed in there?

 

HMRC only asked for 7.4mill though?!?

OldNick

OldNick

Posted
Posted
Quote from courtroom source:

 

"The FA have provided a substantial sum to allow debts to be paid. wtf?"

 

Not sure who said this, so may be poopey trying to claim some wriggle room.

I just realised that would be the money they held back from transfers to be paid

gaz

gaz

Posted
Posted

13:05

 

Matthew:

The petition put into the court by HMRC is for £7.4m though.

Wednesday February 10, 2010 13:05 Matthew

13:06

 

Matthew:

The case has been adjourned.

Wednesday February 10, 2010 13:06 Matthew

13:06

 

Matthew:

No details yet as to how long for.

hutch

hutch

Posted
Posted

From the Pompey "News" live chat thing (Matthew is the presenter):

 

12:48 [Comment From SouthStandSam]

@Matthew - To pass the time, do you know any good jokes?

 

12:52 Matthew: Sky Sport are reporting Pompey have said there have been two serious offers for the club and pay of the debts.

 

Clearly, he knows some very good jokes.

INFLUENCED.COM

INFLUENCED.COM

Posted
Posted
not ground breaking but totally illegal.

 

But surely Chelski 'trade' insolvent but Abromovich's creative accounting makes it legal, can Chanrai substaniate enough wealth for HMRC to believe he can do the same, especially if Gaydamak transfers his 'debt' in a similar way ?

PES

PES

Posted
Posted

Pompey will never Die. "Strike us down and we'll become more powerful than you can possibly imagine!" :cool:

 

I can't believe this site is falling over through the weight of Scummers spunking over their keyboards in excitement at the thought of the demise of their rivals. :)

gaz

gaz

Posted
Posted

If they quickly accept one of these offers to buy the club, how quick can they transfer funds to clear the bill? And are they also Russian/Arab?

 

7 days adjournment for ''statement of affairs''.

 

Arsebuscuits.

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