St Jim Posted 8 February, 2012 Share Posted 8 February, 2012 What are the chances of an adjournment on the 20th? The only scenario we could come up with is that AA as usual finds a buyer introduced by BC that will save the club in 48 hours Do winding up petitions ever get adjourned without the bill being paid? I suppose HMRC could withdraw the petition? But Hmrc don't do that. Surely a winding up petition is not the beginning of the end. It is the end. A guillotine on a bad debt junkie business. COYHMRC Oh tony13579 don't tease us. Adjournment would possibley be the funniest outcome. Delay the WUO just so PFC can rack up more debt making the club even more unsellable! Love it! Link to comment Share on other sites More sharing options...
hutch Posted 8 February, 2012 Share Posted 8 February, 2012 (edited) What are the chances of an adjournment on the 20th? The only scenario we could come up with is that AA as usual finds a buyer introduced by BC that will save the club in 48 hours Do winding up petitions ever get adjourned without the bill being paid? I suppose HMRC could withdraw the petition? But Hmrc don't do that. Surely a winding up petition is not the beginning of the end. It is the end. A guillotine on a bad debt junkie business. COYHMRC They got an adjournment at the first Court hearing with HMRC last time, 2 years ago. 14 days I think it was, for them to come back to Court with more than just Pete Mate's "back of a fag packet" estimate of the value of his squad of players, and to come up with actual proof that they had access to funds to continue on a solvent basis and pay the arrears to HMRC, rather than just that the knew somebody who had loadsamoney. I think it was called a "Statement of Affairs". Chainrai put them into admin before the 14 days was up, so they didn't get back to Court for the WUP to be resolved. The purpose of the hearing is for the Court to either convert the WUP into a WUO (the guillotine you refer to) or not. It was a risky strategy last time, and would be much more so this time round if they went to Court on the 20th expecting to get an adjournment. However, if they (AA & Chainrai) have no other plan, and actually do end up in Court on 20th, they will certainly ask for an adjournment, to give them time for AA to tie up the loose ends with the latest buyer. HMRC will probably oppose, and it will be down to the Registrar to decide. Others will probably disagree with me, but I think it would be nice if we got Christine Derrett again. My gut feel is that if admin again is actually a viable option for them, they'll go for it before the 20th. Edited 8 February, 2012 by hutch Link to comment Share on other sites More sharing options...
St Jim Posted 8 February, 2012 Share Posted 8 February, 2012 They got an adjournment at the first Court hearing with HMRC last time, 2 years ago. 14 days I think it was, for them to come back to Court with more than just Pete Mate's "back of a fag packet" estimate of the value of his squad of players, and to come up with actual proof that they had access to funds to continue on a solvent basis and pay the arrears to HMRC, rather than just that the knew somebody who had loadsamoney. I think it was called a "Statement of Affairs". Chainrai put them into admin before the 14 days was up, so they didn't get back to Court for the WUP to be resolved. The purpose of the hearing is for the Court to either convert the WUP into a WUO (the guillotine you refer to) or not. It was a risky strategy last time, and would be much more so this time round if they went to Court on the 20th expecting to get an adjournment. However, if they (AA & Chainrai) have no other plan, and actually do end up in Court on 20th, they will certainly ask for an adjournment, to give them time for AA to tie up the loose ends with the latest buyer. HMRC will probably oppose, and it will be down to the Registrar to decide. Others will probably disagree with me, but I think it would be nice if we got Christine Derrett again. My gut feel is that if admin again is actually a viable option for them, they'll go for it before the 20th. Just to add to the humour of the situation, yes it would be nice to get her again. I think her suspisions of trading while insolvent were well founded and wonder whether 2 years on she'd give them the benefit of the doubt again. Link to comment Share on other sites More sharing options...
sussexsaint Posted 8 February, 2012 Share Posted 8 February, 2012 Have they paid the wages yet? Link to comment Share on other sites More sharing options...
trousers Posted 8 February, 2012 Share Posted 8 February, 2012 @pn_neil_allen: The emergency loan window is now open. Cue #Pompey fight to keep hold of best players all over again. Every reason to be worried. Link to comment Share on other sites More sharing options...
trousers Posted 8 February, 2012 Share Posted 8 February, 2012 @pn_neil_allen: RT @real_wilky: #Pompey. Do we want to keep this very sick patient alive for a couple more months, so the greedy few drain more from its lifeless soul? Link to comment Share on other sites More sharing options...
pedg Posted 8 February, 2012 Share Posted 8 February, 2012 Have they paid the wages yet? No. Problem is chinny put so much money into the account to pay the wages that it's gone off the edge of the page on the statement and so appears to show zero. Link to comment Share on other sites More sharing options...
Sevvy Posted 8 February, 2012 Share Posted 8 February, 2012 http://www.newsnow.co.uk/A/548874067?-11209 Another good read Link to comment Share on other sites More sharing options...
Ken Tone Posted 8 February, 2012 Share Posted 8 February, 2012 http://www.newsnow.co.uk/A/548874067?-11209 Another good read Yes I think it has been linked before in fact, though its always hard to keep up woth thois thread! The possible point it overlooks is that the fratton Park site, especially if added to his enemy Gaydamak's land, is worth quite a bit for non football purposes. The planning guidelines would be relatively easy to overcome ..there are many instances of this .... So maybe Chainrai is actually looking for liquidation now as the best way to recoup most of his money. Link to comment Share on other sites More sharing options...
rooney Posted 8 February, 2012 Share Posted 8 February, 2012 Article in DT today that HMRC will not put up with delayed payments of Tax & NI from next April. If it looks that a Company may have difficulty in paying over monies it has collected for this, HMRC will require a Bank Bond or Cash deposit to cover. Failure to provide when asked, will result in £5k fine. Link to comment Share on other sites More sharing options...
rallyboy Posted 8 February, 2012 Share Posted 8 February, 2012 Penny's latest outburst - ‘I’m confident HMRC will meet with the football club, it’s now just a matter of setting a date.’ Don't worry love, the date is already set, and HMRC are looking forward to it more than pompey. As for the other MP's government should buy fratton park nonesense - just a desperate attempt to hang onto votes as the ship sinks. I told them to buy it but they wouldn't, poor us, everyone else's fault etc Tip of the Day - Get Plan B up and running, and soon. Link to comment Share on other sites More sharing options...
pedg Posted 8 February, 2012 Share Posted 8 February, 2012 (edited) http://www.portsmouth.co.uk/sport/pompey/pompey-past/plea_for_government_to_buy_fratton_park_1_3497189 THE Government has been urged to buy Fratton Park to safeguard Pompey’s future. City council chief executive David Williams and Portsmouth South MP Mike Hancock sent a joint letter to Sport England, the body that encourages sport in the UK, asking it to intervene. Still delusional on how big they are. From the comments We are a big club with an away following that matches anyone in the country bar the six or seven clubs at the top of the Premiership Edited 8 February, 2012 by pedg Link to comment Share on other sites More sharing options...
Torres Posted 8 February, 2012 Share Posted 8 February, 2012 Haven't Sport England got a few (million) more worthwhile projects to spend their money on? Ah yes: Sport England is committed to the creation of a world-leading community sport environment. This means focusing our investment on organisations and projects that will grow and sustain participation in grassroots sport and create opportunities for people to excel at their chosen sport. Now if only Pompey had an academy worthy of the name they could claim they were doing just that. Whoops. It's irrelevant anyway, Sport England won't touch that lot with 20ft pole. Link to comment Share on other sites More sharing options...
angelman Posted 8 February, 2012 Share Posted 8 February, 2012 Salford - population 229k - no football team Portsmouth - population 207k Link to comment Share on other sites More sharing options...
angelman Posted 8 February, 2012 Share Posted 8 February, 2012 I wonder if HMG was petitioned to buy the McCain Stadium back in 2007 http://news.bbc.co.uk/sport1/hi/football/eng_conf/6221674.stm Link to comment Share on other sites More sharing options...
OVER THE HILL Posted 8 February, 2012 Share Posted 8 February, 2012 Salford - population 229k - no football team Portsmouth - population 207k Don't forget Pompey have a vast catchment area. Link to comment Share on other sites More sharing options...
TopGun Posted 8 February, 2012 Share Posted 8 February, 2012 Yes I think it has been linked before in fact, though its always hard to keep up woth thois thread! The possible point it overlooks is that the fratton Park site, especially if added to his enemy Gaydamak's land, is worth quite a bit for non football purposes. The planning guidelines would be relatively easy to overcome ..there are many instances of this .... So maybe Chainrai is actually looking for liquidation now as the best way to recoup most of his money. The latest article in the News about Government Plea to Buy Fratton Park tacitly admits that the ground could be used for other purposes: The letter sent to Sport England said: ‘The council has effectively secured the ground from alternative investment, but the risk remains that access to the ground could be restricted while ownership remains unresolved. As Ken Tone says, it would be difficult to oppose a genuine alternative use for the land if PFC go under as the Local Plan is only guidance. Link to comment Share on other sites More sharing options...
TopGun Posted 8 February, 2012 Share Posted 8 February, 2012 Salford - population 229k - no football team Portsmouth - population 207k Not sure that works. I work in Salford and am about 600 metres from Old Trafford as I type this!! Link to comment Share on other sites More sharing options...
St Jim Posted 8 February, 2012 Share Posted 8 February, 2012 Still delusional on how big they are. From the comments We are a big club with an away following that matches anyone in the country bar the six or seven clubs at the top of the Premiership was nearly a coffee over screen moment, only saved by the fact the missus still hasn't made it yet! Link to comment Share on other sites More sharing options...
badgerx16 Posted 8 February, 2012 Share Posted 8 February, 2012 Not sure that works. I work in Salford and am about 600 metres from Old Trafford as I type this!! There is only 1 team in Manchester, as all Citeh fans will attest. Were HMG asked to assist Kettering ? Where was their MP ? Link to comment Share on other sites More sharing options...
Trader Posted 8 February, 2012 Share Posted 8 February, 2012 Salford - population 229k - no football team Portsmouth - population 207k Oh dear Link to comment Share on other sites More sharing options...
Colinjb Posted 8 February, 2012 Share Posted 8 February, 2012 Were HMG asked to assist Kettering ? Where was their MP ? Well, the MP for Kettering wouldn't do them any favours, their owner has moved the club to Nene Park, Irthlingborough, in the Constituency of Corby. Link to comment Share on other sites More sharing options...
stevegrant Posted 8 February, 2012 Share Posted 8 February, 2012 Well, the MP for Kettering wouldn't do them any favours, their owner has moved the club to Nene Park, Irthlingborough, in the Constituency of Corby. Oh good, Louise Mensch Link to comment Share on other sites More sharing options...
holepuncture Posted 8 February, 2012 Share Posted 8 February, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/plea_for_government_to_buy_fratton_park_1_3497189 THE Government has been urged to buy Fratton Park to safeguard Pompey’s future. City council chief executive David Williams and Portsmouth South MP Mike Hancock sent a joint letter to Sport England, the body that encourages sport in the UK, asking it to intervene. We are a big club with an away following that matches anyone in the country bar the six or seven clubs at the top of the Premiership Still delusional on how big they are. From the comments Oh FFS, they really need to just f*ck off and die now, this is taking ridiculous to a new extreme. Do they not see that they are no different to any other club in the FA? It would be a national scandal if government/taxpayer funding was used to not only buy a financial black hole of a stadium which is nothing other than a liability, but also the fact that our money would be going to a viscious loan shark operating in a tax haven - it would be utterly disgusting and it simply must not happen. It is absolutely unbelievable that these MPs and Council persons are making such frightening claims, vote winning or not - they must know this is plain wrong. So how many other grounds will the tax payer have to fund if poopey blagged it? Its about time FIFA intervened here and reminded the poopey politico that they are threatening the integrity of the game and political intervention is not acceptable in football. FFS with regards to pompeys glorious away support: (post 9) http://www.footballforums.net/forums/showthread.php/278494-Hull-City-v-Portsmouth Please note, all games pictured above are in play, not before KO, during HT or post match - in game! The myth is just fantasy spun from the deluded few, all they have is TCWTB Any news on 'arrys verdict? PMSL Link to comment Share on other sites More sharing options...
Wurzel Posted 8 February, 2012 Share Posted 8 February, 2012 We are a big club with an away following that matches anyone in the country bar the six or seven clubs at the top of the Premiership Simple then. Save yourselves the money draining costs of running a stadium and play all your games away from home in future Link to comment Share on other sites More sharing options...
tony13579 Posted 8 February, 2012 Share Posted 8 February, 2012 twitter: Courtroom is being used for legal discussion on another case while judge waits for verdicts. If verdicts come this case will move out again Link to comment Share on other sites More sharing options...
Sevvy Posted 8 February, 2012 Share Posted 8 February, 2012 67AllMouth Wednesday, February 8, 2012 at 11:16 AM The government shouldn't and won't buy Fratton Park. Let's forget about it. But you know what our saviour will be? The Olympics. They will provide the most amazing showcase for sport in this country, and by the time they're finished overseas investors will be queuing up to get a piece of the action, even if 'the action' is a club as wonky as ours. All we need (and Chainrai is no idiot so he'll realise this) is enough funding to keep the taxman sweet and pay players until the end of the season. It will cost him a few million, but I reckon that by the end of August he'll be able to slap a £50m price tag on the club and someone will pay it. Report Unsuitable I would like to know what this person is drinking, Link to comment Share on other sites More sharing options...
Hatch Posted 8 February, 2012 Share Posted 8 February, 2012 here we go.... parties called back in Link to comment Share on other sites More sharing options...
stev2001 Posted 8 February, 2012 Share Posted 8 February, 2012 verdict very soon. Link to comment Share on other sites More sharing options...
saintalan Posted 8 February, 2012 Share Posted 8 February, 2012 SSN Harry Not Guilty MM Not Guilty Link to comment Share on other sites More sharing options...
DG Posted 8 February, 2012 Share Posted 8 February, 2012 Not guilty. FFS. Link to comment Share on other sites More sharing options...
stev2001 Posted 8 February, 2012 Share Posted 8 February, 2012 Not guilty for both on all charges....doh Link to comment Share on other sites More sharing options...
dronskisaint Posted 8 February, 2012 Share Posted 8 February, 2012 What a surprise..hopefully fkt any England aspirations though Link to comment Share on other sites More sharing options...
Joey-deacons-left-nut Posted 8 February, 2012 Share Posted 8 February, 2012 HMRC are really rubbish at this legal stuff... Link to comment Share on other sites More sharing options...
rallyboy Posted 8 February, 2012 Share Posted 8 February, 2012 12 people unanimously dismissed all prosecution evidence in no time at all. :scared: Mmmm. If that example of court justice is anything to go by, pompey will comfortably trade their way into the play-offs. Link to comment Share on other sites More sharing options...
hypochondriac Posted 8 February, 2012 Share Posted 8 February, 2012 Ffs. England job for him Link to comment Share on other sites More sharing options...
Hatch Posted 8 February, 2012 Share Posted 8 February, 2012 The Jury get set to make there way home, with surprising new gifts left by mysterious donor. Link to comment Share on other sites More sharing options...
Ampersound Posted 8 February, 2012 Share Posted 8 February, 2012 Absolute joke. Oh well still a chance to wind up Pompey Link to comment Share on other sites More sharing options...
Kingsbridge Saint Posted 8 February, 2012 Share Posted 8 February, 2012 With Pompey shafting them in Court yet again HMRC are so going to want to see them dead now. 20th February looms. Link to comment Share on other sites More sharing options...
warsash saint Posted 8 February, 2012 Share Posted 8 February, 2012 Expect another inept performance by the HMRC when P*mpey roll into the dock again in the next few weeks !!! Link to comment Share on other sites More sharing options...
stevegrant Posted 8 February, 2012 Share Posted 8 February, 2012 With Pompey shafting them in Court yet again HMRC are so going to want to see them dead now. 20th February looms. And every time they've tried so far, they've ****ed it up. I know which way my money would be going... Link to comment Share on other sites More sharing options...
trousers Posted 8 February, 2012 Share Posted 8 February, 2012 SSN Harry Not Guilty MM Not Guilty Unsurprisingly Link to comment Share on other sites More sharing options...
Hatch Posted 8 February, 2012 Share Posted 8 February, 2012 What about Rosie? Poor dog got 6 months solitary confinement. Link to comment Share on other sites More sharing options...
Jimmy_D Posted 8 February, 2012 Share Posted 8 February, 2012 I wonder if we'll find out what Storrie's verdict was now. Link to comment Share on other sites More sharing options...
holepuncture Posted 8 February, 2012 Share Posted 8 February, 2012 12 people unanimously dismissed all prosecution evidence in no time at all. :scared: Mmmm. If that example of court justice is anything to go by, pompey will comfortably trade their way into the play-offs. Its a Dog world, but we knew he would wriggle out of it. At least we had some good laughs along the way, Rosie, arry screaming 'stop staring at me' to the detective, arry cant read/write/text/spell, arrys like a 2 year old, fans up and down the country cracking jokes via social media... and all of this happened on pompeys watch - another courtroom stain on the DCFSBs. It does seem football is above the law these days, unless your a Darlo, Scarboro etc in the lower leagues. So, on to our next court case - Pompeys latest WUP... currently being lobbied by corrupt MPs and Councillors, with HMRC being undermined at every step despite being shafted by £30m just two years previous... The Dockyard crumbles whilst public servants continue to seek a cost negative solution for a tax payer skate bailout. Is it time we all write to some journos, and try and get some momentum going in HMRCs favour? If people could list some I will send off some beautifully composed and neutral letters this evening - it will be my pleasure, we need to find justice and we need greater exposure beyond the BBC website and the snooze. Link to comment Share on other sites More sharing options...
Weston Saint Posted 8 February, 2012 Share Posted 8 February, 2012 Some of you really do set yourself up for disappointment. Link to comment Share on other sites More sharing options...
Saint Lindford Posted 8 February, 2012 Share Posted 8 February, 2012 Redknapp cleared off all charges....................... WTF? Link to comment Share on other sites More sharing options...
trousers Posted 8 February, 2012 Share Posted 8 February, 2012 http://www.bbc.co.uk/news/uk-england-16925280 It can also now be reported that Mr Mandaric and Peter Storrie, Portsmouth's former chief executive, were cleared of tax evasion charges at a separate trial last October. They were both accused of evading tax over player Eyal Berkovics's termination fee. Mr Storrie was also accused of dodging tax on a signing-on fee to midfielder Amdy Faye when he moved from Auxerre to Portsmouth. Mr Storrie, who is now allowed to speak about his trial, told BBC News: "We said from day one that it [the case] was farcical. "I am delighted we've been proved completely innocent and I can get my reputation back." Link to comment Share on other sites More sharing options...
southbourne saint Posted 8 February, 2012 Share Posted 8 February, 2012 Peter Storrie and Mandarich were also found not guilty in the earlier trial. Its on the BBC NEWS SITE. Link to comment Share on other sites More sharing options...
sussexsaint Posted 8 February, 2012 Share Posted 8 February, 2012 HMRC are really rubbish at this legal stuff... Indeed , and how much did that whole circus cost the public purse? Link to comment Share on other sites More sharing options...
Recommended Posts