SOTONS EAST SIDE Posted 10 February, 2012 Share Posted 10 February, 2012 Radio Solent saying the meetings this morning, and that they owe £7 MILLION in tax!!!!!!! 2 rounds of TOAST!! Please lol Link to comment Share on other sites More sharing options...
rallyboy Posted 10 February, 2012 Share Posted 10 February, 2012 as the net closes I still can't see why Chanrai would finance administration - there isn't enough parachute money to make it worth it. He would need the lot forwarded. I'm not even sure that administration is still a viable option, but they seem to be taking it for granted. And once again there are very few journalists with any sort of understanding of the legal situation, so expect more inaccurate reporting. So what is the official stance on a 2nd administration and points penalties? I thought there was a standard -15 or similar, but is that actually written in to the rules? The problem we are heading for here is that a -10 won't bother them a jot. It will be no punishment at all for the sporting advantage they have helped themselves to, the unpaid squad is good enough to keep them up. The real crunch might come when the CVA payment is missed, there will be no place to hide then - surely?... I'd like to see some players loaned out to sort the wagebill and a significant penalty imposed - then I might accept that they have been punished. Giving -9 to the worst Prem team in recent times was ironically pointless, we still await justice. As for money Penny - how about doing your job rather than playing about with one of your hobbies. She's spending most of her week begging for the likes of Ben Haim to be looked after - misguided, and against the feelings of most voters... Link to comment Share on other sites More sharing options...
trousers Posted 10 February, 2012 Share Posted 10 February, 2012 What time is the meeting with hmrc and what is it for? Someone should give Money Penny a call....she has access to internal HMRC memos.... Actually, in all seriousness, how come the UK press have seemingly glossed over Penny's access to internal HMRC correspondence? Perhaps it's not illegal after all...? Link to comment Share on other sites More sharing options...
SOTONS EAST SIDE Posted 10 February, 2012 Share Posted 10 February, 2012 Its nearly time for this!!! Link to comment Share on other sites More sharing options...
Truckasaurus Posted 10 February, 2012 Share Posted 10 February, 2012 [my sentiments entirelyQUOTE=Saint dyer;1269021]What time is the meeting with hmrc and what is it for? Wish Pompey would just **** off and cease to exist Link to comment Share on other sites More sharing options...
sussexsaint Posted 10 February, 2012 Share Posted 10 February, 2012 Feel sorry for the acadamy kids if what was posted earlier is true. Women and children ( and charities so the sick) first. How very much in keeping with the etiquette of the sea. Link to comment Share on other sites More sharing options...
Truckasaurus Posted 10 February, 2012 Share Posted 10 February, 2012 what happened there? Link to comment Share on other sites More sharing options...
hypochondriac Posted 10 February, 2012 Share Posted 10 February, 2012 Feel sorry for the acadamy kids if what was posted earlier is true. Women and children ( and charities so the sick) first. How very much in keeping with the etiquette of the sea. Hopefully we will get magri and a couple of the other half decent ones. Link to comment Share on other sites More sharing options...
angelman Posted 10 February, 2012 Share Posted 10 February, 2012 as the net closes I still can't see why Chanrai would finance administration - there isn't enough parachute money to make it worth it. He would need the lot forwarded. Maybe I am being a little bit thick, but I am not sure Chainboy has any intentions of financing administration. As the major creditor, his demands can effectively push PCFC2010 v.5 into administration, as well as him not loaning any more money. That is unless he resumes control of the club as de facto owner and then puts them into administration. Link to comment Share on other sites More sharing options...
Sevvy Posted 10 February, 2012 Share Posted 10 February, 2012 http://www.newsnow.co.uk/A/549315819?-11209 Admin it is then Link to comment Share on other sites More sharing options...
trousers Posted 10 February, 2012 Share Posted 10 February, 2012 http://www.newsnow.co.uk/A/549315819?-11209 Admin it is then You gotta love those inciteful and indepth Daily Star articles! :-) Link to comment Share on other sites More sharing options...
Georgie Posted 10 February, 2012 Share Posted 10 February, 2012 Wave 105 said this morning Pompey are meeting with HMRC to ask for more time to pay?!!! Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 10 February, 2012 Share Posted 10 February, 2012 MoanyPenny was laying on thick on Solent this morning. I love the way she goes on about Pompey being owned by local businesses and fans. Good old Jugears though 'What about those businesses who were (should have said 'still are') owed money by the club'. She also moans about AA not taking them seriously, but then she admitted (probably carelessly) 'it would be nice for the supporters trust to be involved in the running of the club' - so then, do they have the money to take over or not??? Perhaps, that's why AA won't give them the time of day Penny - it ain't rocket science. Link to comment Share on other sites More sharing options...
pedg Posted 10 February, 2012 Share Posted 10 February, 2012 Is something of note actually going to happen on a Friday? Surely not? I think I agree with the suggestion that it will be admin for now but if no new owners appear once we get to the next Parachute payments then chinny will pocket those and liquidate. Link to comment Share on other sites More sharing options...
Justin C Posted 10 February, 2012 Share Posted 10 February, 2012 Where does it say they might get more than -10 points. If they only get -10 I think they will stay up. Link to comment Share on other sites More sharing options...
pedg Posted 10 February, 2012 Share Posted 10 February, 2012 http://www.sportsmole.co.uk/football/spurs/news/spurs-impose-gbp5m-redknapp-fee_16086.html Tottenham Hotspur will reportedly charge the FA £5m if they poach Harry Redknapp for the England job. I wonder if arry gets 10% of that? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 10 February, 2012 Share Posted 10 February, 2012 Love this...from Twitter... andy curtis #FF @pompeytrust . For fighting a hopeless battle, defending a lost cause ---- One other thing - all this 'oh the city will save the club' b0llox - they didn't try too ******* hard last time around did they??? What makes them think they will now? The fact the Pompey Trust has less than 1000 followers speaks volumes. Give it up MoanyPenny - you're making yourself look a right tit. Link to comment Share on other sites More sharing options...
ooh it's a corner Posted 10 February, 2012 Share Posted 10 February, 2012 Where does it say they might get more than -10 points. If they only get -10 I think they will stay up. I think it is an often quoted factor in Luton's point penalty. -10 for going into admin and another -10 for a second admin within a short period of time. Not sure if that is a bone fide rule, or not Link to comment Share on other sites More sharing options...
sussexsaint Posted 10 February, 2012 Share Posted 10 February, 2012 Where does it say they might get more than -10 points. If they only get -10 I think they will stay up. Why do you think they will get more than -10 ? Link to comment Share on other sites More sharing options...
hutch Posted 10 February, 2012 Share Posted 10 February, 2012 I understand that PFC have managed to reach an agreement with HMRC at this morning's meeting. In summary, the agreement is "Milk, no sugar". Link to comment Share on other sites More sharing options...
Gemmel Posted 10 February, 2012 Share Posted 10 February, 2012 I understand that PFC have managed to reach an agreement with HMRC at this morning's meeting. In summary, the agreement is "Milk, no sugar". It is a conference call, not a meeting Link to comment Share on other sites More sharing options...
OldNick Posted 10 February, 2012 Share Posted 10 February, 2012 http://www.newsnow.co.uk/A/549315819?-11209 Admin it is thenthey put the article about admin and then have this about loaning Wood from WBA, it is madnesshttp://www.dailystar.co.uk/posts/view/229730 Link to comment Share on other sites More sharing options...
PaulSaint Posted 10 February, 2012 Share Posted 10 February, 2012 I understand that PFC have managed to reach an agreement with HMRC at this morning's meeting. In summary, the agreement is "Milk, no sugar". If Harry had still been there, I feel sure he would have been offered some Sweeteners? Link to comment Share on other sites More sharing options...
Ampersound Posted 10 February, 2012 Share Posted 10 February, 2012 Can't see them being lucky enough to get more than -10 points. They'll probably state their last points deduction was in the prem not in the FL. So it's their first admin in the FL.. Hence only -10. Now not only have they more FA cups than us.. They are miles ahead on admins now too! ;-) Link to comment Share on other sites More sharing options...
Doctoroncall Posted 10 February, 2012 Share Posted 10 February, 2012 they put the article about admin and then have this about loaning Wood from WBA, it is madnesshttp://www.dailystar.co.uk/posts/view/229730 I thought Chris Woods had gone to Bristol City. Link to comment Share on other sites More sharing options...
PaulSaint Posted 10 February, 2012 Share Posted 10 February, 2012 Can't seem them being lucky enough to get more than -10 points. They'll probably state their last points deduction was in the prem not in the FL. So it's their first admin in the FL.. Hence only -10. Now not only have they more FA cups than us.. They are miles ahead on admins now too! ;-) Yes but ours was won without any financial cheating or by using the abundance of servicemen in the area because of WW2? Link to comment Share on other sites More sharing options...
sussexsaint Posted 10 February, 2012 Share Posted 10 February, 2012 If Harry had still been there, I feel sure he would have been offered some Sweeteners? Very good Link to comment Share on other sites More sharing options...
Highfield Saint Posted 10 February, 2012 Share Posted 10 February, 2012 I am not absolutely sure of the years but I did briefly read on a skate forum a summary of the dates when they had gone into admin "Portsmouth - The Administration Years. 1976, 1988, 1998, 2010 and now 2012". Not a bad track record. Certainly Administration Champions League pedigree. This shows that the club has been wrong to the core values for many many years On a seperate point (from Wiki) some facts from last time showing that these things can and do drag on - "HM Revenue and Customs (HMRC) filed a winding-up petition against Portsmouth at the High Court in London on 23 December 2009.[16] In March 2010, this winding-up petition was dropped,[17] leaving Portsmouth with a nine-point penalty for entering administration.[18]" Link to comment Share on other sites More sharing options...
once_bitterne Posted 10 February, 2012 Share Posted 10 February, 2012 http://www.portsmouthfc.co.uk/LatestNews/news/Portsmouth-FC-Statement-672.aspx Link to comment Share on other sites More sharing options...
ooh it's a corner Posted 10 February, 2012 Share Posted 10 February, 2012 http://www.portsmouthfc.co.uk/LatestNews/news/Portsmouth-FC-Statement-672.aspx myyyyaaaaaaaaawwwwwwww Link to comment Share on other sites More sharing options...
pfc123 Posted 10 February, 2012 Share Posted 10 February, 2012 I am not absolutely sure of the years but I did briefly read on a skate forum a summary of the dates when they had gone into admin "Portsmouth - The Administration Years. 1976, 1988, 1998, 2010 and now 2012". Not a bad track record. Certainly Administration Champions League pedigree. This shows that the club has been wrong to the core values for many many years. *sigh* wrong again as usual. 1976 & 1988- pure fantasyland.... Link to comment Share on other sites More sharing options...
Colinjb Posted 10 February, 2012 Share Posted 10 February, 2012 I thought it was cold today, and now it's positively freezing down Portsea. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 10 February, 2012 Share Posted 10 February, 2012 *sigh* wrong again as usual. 1976 & 1988- pure fantasyland.... Easy mistake to make - there's been so many to choose from... I notice in MoanyPenny's whinges she never mentions the choice of 'quality over quantity' - strange that (architects of own downfall again, still we'll blame the FA/FL/Weather/Anything but ourselves *delete as applicable... Link to comment Share on other sites More sharing options...
Highfield Saint Posted 10 February, 2012 Share Posted 10 February, 2012 *sigh* wrong again as usual. 1976 & 1988- pure fantasyland.... Enlighten me then please.... Link to comment Share on other sites More sharing options...
Hatch Posted 10 February, 2012 Share Posted 10 February, 2012 http://www.portsmouthfc.co.uk/LatestNews/news/Portsmouth-FC-Statement-672.aspx at 10.20 Link to comment Share on other sites More sharing options...
St Jim Posted 10 February, 2012 Share Posted 10 February, 2012 http://www.portsmouthfc.co.uk/LatestNews/news/Portsmouth-FC-Statement-672.aspx Now the fun really begins. Will HMRC oppose the admin, will they find a buyer, will the CVA get paid, will the PL forward the PP, will the FL act now for point deduction, how many points will the FL give them. So many questions, so little time.........for the fishy few anyway! Link to comment Share on other sites More sharing options...
Gemmel Posted 10 February, 2012 Share Posted 10 February, 2012 Thats an old link from before from once bitterne..... not celebrating yet Link to comment Share on other sites More sharing options...
once_bitterne Posted 10 February, 2012 Share Posted 10 February, 2012 at 10.20 The article hasn't been linked to the home page yet. I guess this will happen at 10:21am. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 10 February, 2012 Share Posted 10 February, 2012 Now the fun really begins. Will HMRC oppose the admin, will they find a buyer, will the CVA get paid, will the PL forward the PP, will the FL act now for point deduction, how many points will the FL give them. So many questions, so little time.........for the fishy few anyway! Do you know what, we may get to 1000 pages. Oh... here's to 2000 then - sweepstake? I'll go for 1359 before they go 'POP' instead of 'PUP'... Link to comment Share on other sites More sharing options...
sussexsaint Posted 10 February, 2012 Share Posted 10 February, 2012 at 10.20 Is that an old statement then? Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 10 February, 2012 Share Posted 10 February, 2012 http://www.portsmouthfc.co.uk/LatestNews/news/Portsmouth-FC-Statement-672.aspx into admin at 10.20am ??? It's only 10.00 now as I'm posting. Think that might be from last time? Link to comment Share on other sites More sharing options...
Kingsland Red Posted 10 February, 2012 Share Posted 10 February, 2012 The statement from once bitterne was last time around, nothing on the Skates website news page ! Link to comment Share on other sites More sharing options...
St Jim Posted 10 February, 2012 Share Posted 10 February, 2012 Is that an old statement then? ah, yes it is, from 2010 I think - they went into admin at 10.20am then. Would have picked it up but for me that is normal as it's 8.30pm here at the moment. Doh! Link to comment Share on other sites More sharing options...
ooh it's a corner Posted 10 February, 2012 Share Posted 10 February, 2012 (edited) ... Edited 10 February, 2012 by ooh it's a corner boobed Link to comment Share on other sites More sharing options...
Brizzie Saints Posted 10 February, 2012 Share Posted 10 February, 2012 Enlighten me then please.... I'm sure i can remember them being close to extinction around 1976, i remember reading it on the skate news when i was a paper boy, i thought then, well their only a third div 3rd rate team....who cares. Nearly 40 years on.....same sh1t different date . Just out of interest how many times we been in admin....? 1 Link to comment Share on other sites More sharing options...
stevegrant Posted 10 February, 2012 Share Posted 10 February, 2012 The article hasn't been linked to the home page yet. I guess this will happen at 10:21am. It's an old article. You can tell by looking at the article ID (672) in the URL and comparing it to recent articles that appear on the home page (http://www.portsmouthfc.co.uk/LatestNews/news/Appleton-We-Fight-On-3102.aspx, for example) Link to comment Share on other sites More sharing options...
pfc123 Posted 10 February, 2012 Share Posted 10 February, 2012 Enlighten me then please.... Well for a start the insolvency act that first contained the phrase 'company administration' didnt come into being until 1986 FFs!! And in 1988 the club was merely sold by scummer Deacon to Jim Gregory. No administration at all.. Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 10 February, 2012 Share Posted 10 February, 2012 *sigh* wrong again as usual. 1976 & 1988- pure fantasyland.... No, they weren't in admin in either 1976 or 1988, but they did have serious financial problems at both times: little excerpt from wiki [h=3]1972–1988: Deacon to Gregory[/h]A cash injection, that accompanied the arrival of John Deacon as chairman in 1972, failed to improve Portsmouth's league position. With Deacon unable to continue bankrolling the club on the same scale, Portsmouth were relegated to the Third Division in 1976. In November 1976, the club found itself needing to raise £25,000 to pay off debts and so avoid bankruptcy. With players having to be sold to ease the club's financial situation, and no money available for replacements, Portsmouth were forced to rely on an untried manager, Ian St John and inexperienced young players. Consequently, they were relegated to the Fourth Division in 1978. Portsmouth were promoted back to Division Three in 1980, and in the 1982–83 season they won the Third Division championship, gaining promotion back to the Second Division. Under Alan Ball's management, Portsmouth narrowly missed winning promotion to the First Division twice before finally succeeding in 1986–87. Unfortunately, by the middle of the 1987–88 season the club was again in grave financial trouble, and Portsmouth were relegated straight back to the Second Division. The summer of 1988 saw Deacon sell the club to London based businessman and former Queens Park Rangers Chairman, Jim Gregory. http://en.wikipedia.org/wiki/Portsmouth_F.C. So at least once in the past they have managed to cut costs to save themselves. Link to comment Share on other sites More sharing options...
pfc123 Posted 10 February, 2012 Share Posted 10 February, 2012 http://www.portsmouthfc.co.uk/LatestNews/news/Portsmouth-FC-Statement-672.aspx LOL! Wrong yet again. How desperate you all are. Sad, truly sad.... Link to comment Share on other sites More sharing options...
Saint_John Posted 10 February, 2012 Share Posted 10 February, 2012 I am not absolutely sure of the years but I did briefly read on a skate forum a summary of the dates when they had gone into admin "Portsmouth - The Administration Years. 1976, 1988, 1998, 2010 and now 2012". Not a bad track record. Certainly Administration Champions League pedigree. This shows that the club has been wrong to the core values for many many years... Remove 1976 & 1988 and add 1911 plus of course the cheating in 1898. In 1898 Royal Artillery FC kicked out of the Southern League after breaching the strict rules on amateurism of the period In 1911 a severe financial crisis struck and the club was wound up after suffering relegation to the Southern League Second Division. A new limited company was promptly formed ... During the club's centenary season a financial crisis led to administration in December 1998. At this time there was no points penalty for clubs who took this course and Portsmouth retained their place in the second tier ... At the end of February 2010, Portsmouth became the first Premier League club to go into administration In the mid 70's they decided against CHEATING for once. The late Seventies brought serious financial problems and Portsmouth slipped into Division Four in 1978 http://www.historicalkits.co.uk/Portsmouth/Portsmouth.htm Link to comment Share on other sites More sharing options...
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