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Posted

COURT 26

Before MR JUSTICE NORRIS

Friday, 17 February 2012

At half past 10

INTERIM HEARINGS LIST

1403 of 2012 Portsmouth Football Club (2010) Limited

1403 of 2012 Same

 

I have so much to do today, still think they will walk with -10 points and AA at the helm

Posted
I see you're having a bit of a barney with Mr Slater of the BBC.... ;)

He's a ****ing idiot. "Shock horror a football club relies on owner subsidy" - well yes, but a football club who's just come out of administration having wiped around £80m of debt from their books doing so (and not for the purposes of debt repayment) is rather reckless, I'd suggest. :facepalm:

Posted

 

TonyHusbandBBC Tony Husband

 

 

 

#pompey fans speaks of "stunning" revelation by Football League after he posed questions about League's takeover procedures.South Today 6.30

 

 

OK so what was that Stunning revelation?

 

That TSW has been ahead of the game all the way through this?

Posted
hang on, is this the High Court on The Strand,

 

not too far from where I am ? ;)

I think this one's on Fetter Lane. Not far but closer to Holborn.

Posted
@pn_chris_owen: There are about 20 people in court at the moment including a smattering of Blues' fans.

 

Similar atmosphere to a matchday at Fratton Park then...

 

Oh I am soo tempted to reply to @pn_chris_owen with that....

Posted
HMRC (surprisingly, IMO) not opposing administration application, but opposing proposal to appoint UHY

 

So nobody is actually opposing Administration?

It's just about who the Administrator is?

Posted

10:44

Comment From Corporate Ho

I've got a feeling the Football League won't want to punish us further for their failings with the FAPT, so even if we go into admin, they'll bend the rules for us and not deduct us 10 points :rolleyes:

Posted
@pn_chris_owen: The hearing has started and is expected to last 90 mins.

 

Remember that John Barnes advert for lucozade or something similar.....

 

"After 90 minutes of sheer hell...."

 

I've got work to do, doesn't the court realise this?

Posted

pn_chris_owen:

She confirms no players or staff have been paid. Judge comments that Mr Andronikou's claim that the club could break even in administration [via Twitter]

Posted
The judge may yet oppose it, and ultimately he's the one that matters.

I think that's the point. They have to prove to the Court that admin will lead to a better outcome for the creditors than liquidation, whether anybody opposes it or not.

Posted

Comment From Corporate Ho on Twitter,

 

I've got a feeling the Football League won't want to punish us further for their failings with the FAPT, so even if we go into admin, they'll bend the rules for us and not deduct us 10 points

 

Deluded til the end!!!!

Posted

pn_chris_owen:

Was 'patently optimistic'. He adds: 'it seems the club will trade at a loss'. No one from the club's management is I'm court

 

pn_chris_owen:

David Lampitt has just arrived

Posted

Doesn't sound good for them...

 

Judge comments that Mr Andronikou's claim that the club could break even in administration was 'patently optimistic'. He adds: 'it seems the club will trade at a loss'.

Posted
pn_chris_owen:

Was 'patently optimistic'. He adds: 'it seems the club will trade at a loss'. No one from the club's management is I'm court

 

pn_chris_owen:

David Lampitt has just arrived

 

It's a bloody long walk from nott arf krap!

Posted
pn_chris_owen:

Was 'patently optimistic'. He adds: 'it seems the club will trade at a loss'. No one from the club's management is I'm court

 

pn_chris_owen:

David Lampitt has just arrived

 

is that like being late for your own funeral?

Posted
pn_chris_owen:

Ms Stonefrost said: 'The club currently employs over 530 people. Of course, with administration there may be some redundancies.'

 

With all due respect, your honour, that should not be a legal consideration.

Posted
With all due respect, your honour, that should not be a legal consideration.

 

And they trotted this line out on the last administration hearing, then laid of a few part timers.

Posted

[TABLE]

[TR]

[TD]owen_normal.jpg[/TD]

[TD]pn_chris_owen:

Catherine Gitaud, for HMRC, is now on her feet. She is querying whether there was some 'financial mismanagement' at the club which caused [/TD]

[/TR]

[/TABLE]

Posted

Seriously ? 530 ? what on earth do they all do ? I have no clue what our payroll is but i'd be surprised if it was that many. Unless of course that includes matchday staff, but mostly they'd be agency wouldn't they ?

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