View From The Top Posted 18 February, 2012 Share Posted 18 February, 2012 Be careful what you wish for fellas, my look at the love/hate rivalry! http://wp.me/p1mFFL-iw I wish them dead. End of. Fu ck 'em. Link to comment Share on other sites More sharing options...
Sheaf Saint Posted 18 February, 2012 Share Posted 18 February, 2012 Should they come out of admin without a CVA then there will be more points taken off, but I seriously doubt points will go for any other reason. I wouldn't be so sure. Points deductions aren't given solely for administration and insolvency events - just ask Luton Town. Now that there is an independent and professional administrator in place, a thorough investigation of the goings on of the last few years might actually take place and if 'irregularities' are found then they might find themselves hit with further deductions. Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 18 February, 2012 Share Posted 18 February, 2012 If we give them forecast will that shut them up? That's better! Link to comment Share on other sites More sharing options...
bridge too far Posted 18 February, 2012 Share Posted 18 February, 2012 Bloke on BBC Breakfast just now saying this time PFC have got a 'proper' administrator who knows what he's doing Link to comment Share on other sites More sharing options...
Chez Posted 18 February, 2012 Share Posted 18 February, 2012 I wouldn't be so sure. Points deductions aren't given solely for administration and insolvency events - just ask Luton Town. Now that there is an independent and professional administrator in place, a thorough investigation of the goings on of the last few years might actually take place and if 'irregularities' are found then they might find themselves hit with further deductions. Good point, but why would the administrator reveal irregularities that would hand the club a greater points penalty thereby making the club less attractive to purchase and provide creditors, which it is acting for, with less return? What is Birch's motivation there? If the FA sent in a team of investigators and found something then yes of course, but in all this time has the Premier League, Football League, FA, or even the police actually sent anyone in to look at the books and reveal anything? Link to comment Share on other sites More sharing options...
mcjwills Posted 18 February, 2012 Share Posted 18 February, 2012 to me...it seems we were punished in a harsher way....we both got -10 yet our hit us in the very next season and probably cost us an immediate return to the NPC they are ridiculously in debt (again) had no intention of playing by the rules and their points deduction (thus far) does not even put them in the bottom 3!!!! I really hope there is more to come for them Even though the -10 points hit us hard in our first season in league 1, I believe in the long run it has done the club good as it gave us time to rebuild confidence and team morale and prepare us for the assault on the Championship this season. I wonder if we would have been suitably prepared had we got promoted in our first season in league 1 and would we have had NA as manager? Link to comment Share on other sites More sharing options...
pedg Posted 18 February, 2012 Share Posted 18 February, 2012 Easy to just make the distinction between the secured and unsecured creditors. Then you can say categorically that not a penny has been paid to the unsecured creditors via the CVA. Not to mention that the reason why they have paid the football creditors is that they did not have a choice. Link to comment Share on other sites More sharing options...
Guided Missile Posted 18 February, 2012 Share Posted 18 February, 2012 Interesting comment by the judge, as reported in todays Times: "Mr Justice Norris criticised the football creditors’ rule, which is subject to a separate legal challenge by HMRC. “People who do pay their energy bills and the ordinary traders who provide services would wonder why they should subsidise the club’s wage bill. Why it is that they’re involuntary loans to the club of their outstanding bills and why they will only get back pence in the pound for the services they have provided?” he said. He questioned whether directors were guilty of wrongful trading. Despite the demise of CSI, which the judge said had provided a “blood transfusion” to a bleeding business, the club paid its players in full for November and December knowing it could not cover the £812,790 monthly PAYE bill." He must have been following this thread... Link to comment Share on other sites More sharing options...
rallyboy Posted 18 February, 2012 Share Posted 18 February, 2012 let's get to the detail here. 1. The penalty for their Premier League administration didn't cost them a single league place. 2. This time their punishment thus far, is to drop three league places. I'm not sure that a one and a half places drop per administration is that harsh - the places to £millions stolen ratio is quite hefty in their favour and would suggest that crime does pay. This time it might be different in that the punishment will come slowly through an administrator trying to drag the business back from the criminality of deliberate and blatant insolvent trading. If he has the intention and acumen to reduce the squad, then we will start to see justice. In the last two days plucky pompey has told us that their injury crisis is so deep that they need emergency loans because they might not be able to fulfill the fixture today. All part of the plea for mercy from the football authorities - and it worked. So I await their team sheet with interest...just 11 fit players was the number quoted the other day, we'll see if they can muster up a sub or two from the yoof. Or perhaps we'll see some miraculous recoveries and a nice away win for their expensively-assembled squad? As an annoyed Lord Sugar Tweeted it, business as usual. I'll consider sympathy when the leopard demonstrates that it has changed it's spots because I reckon they have conned the FL this week. But I'm cynical like that. Link to comment Share on other sites More sharing options...
trousers Posted 18 February, 2012 Share Posted 18 February, 2012 That's not the way I see it. The new admin either must pay the first installment when it is due, or liquidate them, unless the CVA creditor's representative agrees to postpone it. He cannot add anything to the list of creditors. So if Baker Tilley (HMRC) demand their money in April, they must pay it. Significantly, yesterday's result puts HMRC in complete control of their fate. That's what AA was trying to tell the skate. They will get their pound of flesh or PFC will be gone. Their pound of flesh is what they are owed under the old CVA c.£5m plus 100% of the current debt. And all their tax will be paid in the meantime. I've got a feeling HMRC won't be as bullish now they've got "their man" in place as administrator. I think their main beef with Pompey was with the dubious people running the joint - it was not just about the debt per se. Now they've got AA out of the way (to a certain degree) and they start to see PFC being run in a mote professional manner I believe HMRC will be more inclined to give Pompey some space and time. We'll see. All good fun nonetheless Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 18 February, 2012 Share Posted 18 February, 2012 Good point, but why would the administrator reveal irregularities that would hand the club a greater points penalty thereby making the club less attractive to purchase and provide creditors, which it is acting for, with less return? What is Birch's motivation there? If the FA sent in a team of investigators and found something then yes of course, but in all this time has the Premier League, Football League, FA, or even the police actually sent anyone in to look at the books and reveal anything? We're given to understand that TB is a fresh face and has integrity. Displayed in court by his reluctance to work with AA because of their 'differing views on compliance'. However, the previous example of integrity, no less than the ex FA Head Of Integrity, proved that Integrity may be a subjective view. On the one hand TB will be looking to gain the best return to the creditors. However, if he uncovers any financial impropriety then, as a man of integrity, he will be duty bound to report it, not the least than to protect his very self! I felt disappointed at the level of points deduction but I am bouyed by TB's appointment. I think the scramble in the court for the Administrator's role, specifically on AA's part, gave away the fact that there may be a lot of 'uncompleted work' with the DFCSB empire. Happily he will not be around to cover his tracks! Link to comment Share on other sites More sharing options...
Chez Posted 18 February, 2012 Share Posted 18 February, 2012 Interesting comment by the judge, as reported in todays Times: "Mr Justice Norris criticised the football creditors’ rule, which is subject to a separate legal challenge by HMRC. “People who do pay their energy bills and the ordinary traders who provide services would wonder why they should subsidise the club’s wage bill. Why it is that they’re involuntary loans to the club of their outstanding bills and why they will only get back pence in the pound for the services they have provided?” he said. He questioned whether directors were guilty of wrongful trading. Despite the demise of CSI, which the judge said had provided a “blood transfusion” to a bleeding business, the club paid its players in full for November and December knowing it could not cover the £812,790 monthly PAYE bill." He must have been following this thread...he appears to be making strong suggestions but to what end? No formal investigation was put in place or were his hints to be headed by someone else who would have been in court? It's all very well him saying the football creditors rule is ridiculous, but that case has been heard. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 18 February, 2012 Share Posted 18 February, 2012 I've got a feeling HMRC won't be as bullish now they've got "their man" in place as administrator. I think their main beef with Pompey was with the dubious people running the joint - it was not just about the debt per se. Now they've got AA out of the way (to a certain degree) and they start to see PFC being run in a mote professional manner I believe HMRC will be more inclined to give Pompey some space and time. We'll see. All good fun nonetheless Why?...HMRC are not in the football game! they collect taxes for the Government. In fact, I'd go as far as to say, that HMRC is footballs worst enemy at the moment. So sorry Trousers, I beg to disagree here, I still feel that they are out to give the football elite a bloody nose. Link to comment Share on other sites More sharing options...
Chez Posted 18 February, 2012 Share Posted 18 February, 2012 he will be duty bound to report it, not the least than to protect his very self! very good point. Destroying Android would be one less competitor too. Link to comment Share on other sites More sharing options...
Sheaf Saint Posted 18 February, 2012 Share Posted 18 February, 2012 (edited) Good point, but why would the administrator reveal irregularities that would hand the club a greater points penalty thereby making the club less attractive to purchase and provide creditors, which it is acting for, with less return? What is Birch's motivation there? If the FA sent in a team of investigators and found something then yes of course, but in all this time has the Premier League, Football League, FA, or even the police actually sent anyone in to look at the books and reveal anything? Of course Mr Birch will be wanting to make the club as attractive an investment as possible, that's a given. But to do so he must thoroughly review the accounts and determine the extent of the company's financial situation first, and if he were to cover up anything he found that could be viewed as either against FL rules or, worse, against the law then he would be just as guilty as the shysters that have placed the club in its current position. Perhaps I am being naive, but considering he has been placed there by the court at the request of HMRC, I don't believe he would risk his credibility in that way. Edit: I see ESB has already made exactly the same point. Edited 18 February, 2012 by Sheaf Saint Link to comment Share on other sites More sharing options...
suewhistle Posted 18 February, 2012 Share Posted 18 February, 2012 They almost certainly won't be able to sell players. However, the "emergency" loan window is open until mid-to-late March, so there's the option for players to go out on loan for up to 93 days, and clubs may or may not be willing to pay a loan fee as well as cover all or part of the wages. The other option for them would be to ask the players to take wage deferrals. "Dear player, if you don't go or accept the deferral I'll have no choice but to liquidate, and so the golden share and the football creditors rule will be irrelevant. You'll take your chance as a creditor with all the rest...." Link to comment Share on other sites More sharing options...
Winchester Red Posted 18 February, 2012 Share Posted 18 February, 2012 Ok SWFers - It's PTS Game Time, and todays question is......... In the event of liquidation, what is PFC (2010) Ltd's greatest salable asset, ignoring anything that would fall inside the football creditors rule? My answer is the accounts departments Fax Machine, but that's only because I think the Photocopy is leased. Any other takers? Link to comment Share on other sites More sharing options...
pedg Posted 18 February, 2012 Share Posted 18 February, 2012 It's all very well him saying the football creditors rule is ridiculous, but that case has been heard. But a decision has yet to be announced. Another judge saying in open court that he disagrees with it can't hurt HMRC's case. Link to comment Share on other sites More sharing options...
trousers Posted 18 February, 2012 Share Posted 18 February, 2012 I wouldn't be so sure. Points deductions aren't given solely for administration and insolvency events - just ask Luton Town. Now that there is an independent and professional administrator in place, a thorough investigation of the goings on of the last few years might actually take place and if 'irregularities' are found then they might find themselves hit with further deductions. Isn't there a conflict of interest with that scenario as far as the administrator is concerned? In other words, if the administrator unearths said "irregularities" he has two options: (a) declare them and make the club less attractive to a buyer or (b) keeps them under his hat to preserve the saleability of the club. Yes, I know (b) is somewhat dubious practice but why would an administrator reveal bad stuff that he's not legally obliged to do so if it jeopardised the number of potential buyers coming forward. As I say, conflict of interest? Link to comment Share on other sites More sharing options...
trousers Posted 18 February, 2012 Share Posted 18 February, 2012 Good point, but why would the administrator reveal irregularities that would hand the club a greater points penalty thereby making the club less attractive to purchase and provide creditors, which it is acting for, with less return? What is Birch's motivation there? If the FA sent in a team of investigators and found something then yes of course, but in all this time has the Premier League, Football League, FA, or even the police actually sent anyone in to look at the books and reveal anything? Ah, should have read your post first! Link to comment Share on other sites More sharing options...
Picard Posted 18 February, 2012 Share Posted 18 February, 2012 Meanwhile in Scotland.... The Scottish Football Association have confirmed they will conduct a full independent inquiry into the activities of Rangers. Last night, it emerged that Rangers and Mr Whyte could face a criminal inquiry after Strathclyde Police confirmed it was looking into what had gone on behind the gates of Ibrox – and former club chairman Alastair Johnston called for a Crown Office investigation. Read more: http://www.dailymail.co.uk/news/article-2102605/Glasgow-Rangers-face-criminal-investigation-missing-24m-loan-fans.html#ixzz1mjGuerUa The authorities seem more interested to find out what was really going on up there. Link to comment Share on other sites More sharing options...
Winchester Red Posted 18 February, 2012 Share Posted 18 February, 2012 (edited) Isn't there a conflict of interest with that scenario as far as the administrator is concerned? In other words, if the administrator unearths said "irregularities" he has two options: (a) declare them and make the club less attractive to a buyer or (b) keeps them under his hat to preserve the saleability of the club. Yes, I know (b) is somewhat dubious practice but why would an administrator reveal bad stuff that he's not legally obliged to do so if it jeopardised the number of potential buyers coming forward. As I say, conflict of interest? TB's standing in the game is so high that there is no way he will cover anything up. He is a 'Professional'. Also, bear in mind that he is there due to HMRC and they don't have a whole lot of interest in getting any money out. In my view they want to make an example. They won't agree with a CVA and will still quite happily see PFC go to the wall. Finding irregularities won't bother his sponsor in the slightest. Edited 18 February, 2012 by Winchester Red Link to comment Share on other sites More sharing options...
trousers Posted 18 February, 2012 Share Posted 18 February, 2012 Interesting comment by the judge, as reported in todays Times: "Mr Justice Norris criticised the football creditors rule, which is subject to a separate legal challenge by HMRC. People who do pay their energy bills and the ordinary traders who provide services would wonder why they should subsidise the clubs wage bill. Why it is that theyre involuntary loans to the club of their outstanding bills and why they will only get back pence in the pound for the services they have provided? he said. He questioned whether directors were guilty of wrongful trading. Despite the demise of CSI, which the judge said had provided a blood transfusion to a bleeding business, the club paid its players in full for November and December knowing it could not cover the £812,790 monthly PAYE bill." He must have been following this thread... So, whose job is it to prosecute the PFC management/director(s) for trading whilst insolvent? I assume this is why Akers left when he did...? Link to comment Share on other sites More sharing options...
Winchester Red Posted 18 February, 2012 Share Posted 18 February, 2012 So, whose job is it to prosecute the PFC management/director(s) for trading whilst insolvent? I assume this is why Akers left when he did...? I would assume that the administrator would have to highlight the irregularities, which TB would do. Can't see that AA would have done that though! Link to comment Share on other sites More sharing options...
trousers Posted 18 February, 2012 Share Posted 18 February, 2012 Why?...HMRC are not in the football game! they collect taxes for the Government. In fact, I'd go as far as to say, that HMRC is footballs worst enemy at the moment. So sorry Trousers, I beg to disagree here, I still feel that they are out to give the football elite a bloody nose. Maybe. But I think we underestimate the "plucky old Pompey" tag that they've built up and the strings that politicians (led by Money Penny and Portsmouth Council) can pull. My working assumption is, and always has been, that they'll "get away with it". I'd be delighted to be proved wrong of course! Link to comment Share on other sites More sharing options...
Wes Tender Posted 18 February, 2012 Share Posted 18 February, 2012 Good point, but why would the administrator reveal irregularities that would hand the club a greater points penalty thereby making the club less attractive to purchase and provide creditors, which it is acting for, with less return? What is Birch's motivation there? If the FA sent in a team of investigators and found something then yes of course, but in all this time has the Premier League, Football League, FA, or even the police actually sent anyone in to look at the books and reveal anything? Am I mistaken, or as there not to be a forensic investigation of PFC's account when Oldco was liquidated? There seems to have been a deafening silence about anything being unveiled there, so why would another administrator turn up anything that had hitherto not been uncovered? Link to comment Share on other sites More sharing options...
spyinthesky Posted 18 February, 2012 Share Posted 18 February, 2012 This is Pompey's third admin Shouldnt theyget some sort of recognition for this along with some of the other persistent offenders which, to be fair, are generally to be found in the lower leagues? Link to comment Share on other sites More sharing options...
Fowllyd Posted 18 February, 2012 Share Posted 18 February, 2012 Am I mistaken, or as there not to be a forensic investigation of PFC's account when Oldco was liquidated? There seems to have been a deafening silence about anything being unveiled there, so why would another administrator turn up anything that had hitherto not been uncovered? Baker Tilly were carrying out the examination of PCFC's books following its liquidation; they were also administering the CVA. I've no idea what's happened with this investigation, but I'd imagine that these things move very slowly. It's also possible that little remained by way of paper trails once the Oldco went into liquidation, which would slow any investigation pretty significantly. PKF will be examining the books of PFC2010, which is a totally different company, so they won't turn up anything from the old company. There won't be so much to go through at PFC2010, as the company has only been in existance for a relatively short period. However, they'll have plenty to get their teeth into I'd have thought; not least of this will be the question of insolvent trading, given that the business paid its staff two months running without paying HMRC. As administrators, they are duty bound to report on all that they find; unlike Mr Andronikou, they're likely to take this duty seriously. Link to comment Share on other sites More sharing options...
trousers Posted 18 February, 2012 Share Posted 18 February, 2012 @pn_clare_semke: The day a judge sided with the fans - Pompey - The News: http://t.co/zvPL15u5 And there was me thinking the judge was siding with HMRC not the fans. Anyone see my point now...?! Link to comment Share on other sites More sharing options...
trousers Posted 18 February, 2012 Share Posted 18 February, 2012 Warrnock just appointed manager of Leeds. Apparently he said he'd rather go there than somewhere like Portsmouth or Brighton. I've always liked Warnock... Link to comment Share on other sites More sharing options...
Lazlo78 Posted 18 February, 2012 Share Posted 18 February, 2012 "Dear player, if you don't go or accept the deferral I'll have no choice but to liquidate, and so the golden share and the football creditors rule will be irrelevant. You'll take your chance as a creditor with all the rest...." "Dear Mr. Birch. We'll take our chances. Worst case is that our contracts are ripped ud and we score a hefty sign-on fee somewhere else"... Link to comment Share on other sites More sharing options...
Faz Posted 18 February, 2012 Share Posted 18 February, 2012 This is Pompey's third admin Shouldnt theyget some sort of recognition for this along with some of the other persistent offenders which, to be fair, are generally to be found in the lower leagues? It really should be three strikes and you're out Link to comment Share on other sites More sharing options...
Chopper71 Posted 18 February, 2012 Share Posted 18 February, 2012 "Dear Mr. Birch. We'll take our chances. Worst case is that our contracts are ripped ud and we score a hefty sign-on fee somewhere else"... "and we're members of the PFA who have a track record of paying their members salaries when clubs don't cough up" Link to comment Share on other sites More sharing options...
Waterside.saint Posted 18 February, 2012 Share Posted 18 February, 2012 We're given to understand that TB is a fresh face and has integrity. Displayed in court by his reluctance to work with AA because of their 'differing views on compliance'. However, the previous example of integrity, no less than the ex FA Head Of Integrity, proved that Integrity may be a subjective view. On the one hand TB will be looking to gain the best return to the creditors. However, if he uncovers any financial impropriety then, as a man of integrity, he will be duty bound to report it, not the least than to protect his very self! I felt disappointed at the level of points deduction but I am bouyed by TB's appointment. I think the scramble in the court for the Administrator's role, specifically on AA's part, gave away the fact that there may be a lot of 'uncompleted work' with the DFCSB empire. Happily he will not be around to cover his tracks! I *wonder* what UHY were doing at Farton Krap yesterday then? Link to comment Share on other sites More sharing options...
Waterside.saint Posted 18 February, 2012 Share Posted 18 February, 2012 Could someone pitch why legitimate owners will now be interested in PFC? This is their only hope of survival yes? A proper administrator will do everything to get them running as a proper business, not cheating and not breaking the law, right? They have no real assets, the fanbase thing is a myth. Legitimate owners weren't interested in the past, it still needs massive investment just to get started, before the huge investment needed to get infrastructure even up to average championship standard. So it'd probably be 100m or more required with little hope of return on investment. Why are they confident this will happen? I'm open to any ideas. All I can see is a club in turmoil that's been hiding as much as possible and a new administrator about to investigate every little detail. Yet they're all celebrating. I must have missed something. Whether things are going to get better or not though, I don't know many people that would have the nerve to celebrate 'getting away with it' yet again. Some won't ever believe it, but I'd be embarrassed and 100% would have taken my support elsewhere long ago. PFC and their actions have put me off football more than anything in the last few years, if it had been Saints I really couldn't face it anymore. There comes a point when surely you have to question 'just what the hell is it I'm supporting?'. From Wikipedia: http://en.wikipedia.org/wiki/Delusion "A delusion is a belief held with absolute conviction despite superior evidence.[1] Unlike hallucinations, delusions are always pathological (the result of an illness or illness process).[1] As a pathology, it is distinct from a belief based on false or incomplete information, dogma, poor memory, illusion, or other effects of perception." Link to comment Share on other sites More sharing options...
Torrent Of Abuse Posted 18 February, 2012 Share Posted 18 February, 2012 I *wonder* what UHY were doing at Farton Krap yesterday then? - turned on shredder - found out power had been cut off - went home. Link to comment Share on other sites More sharing options...
Verbal Posted 18 February, 2012 Share Posted 18 February, 2012 Could someone pitch why legitimate owners will now be interested in PFC? I could imagine Cortese being interested - not in the football club itself, which will close, but in the right to put, in very small letters, 'incorporating Portsmouth FC' under the club logo. The only difference we'd notice is that St Mary's would be the only major football stadium in the country with two way ends. Link to comment Share on other sites More sharing options...
hutch Posted 18 February, 2012 Share Posted 18 February, 2012 Ok SWFers - It's PTS Game Time, and todays question is......... In the event of liquidation, what is PFC (2010) Ltd's greatest salable asset, ignoring anything that would fall inside the football creditors rule? My answer is the accounts departments Fax Machine, but that's only because I think the Photocopy is leased. Any other takers? Their spirit. I think there's half a bottle of Bells left in Lampitt's office. Link to comment Share on other sites More sharing options...
ART Posted 18 February, 2012 Share Posted 18 February, 2012 An outsiders view of how Pompey are seen to be resolving their future Link to comment Share on other sites More sharing options...
Crab Lungs Posted 18 February, 2012 Share Posted 18 February, 2012 Durham still giving Pompey stick on Talksport... "Pompey fans on their way to Barnsley... I know you don't like me after what I said yesterday, well... I don't care. You cheated" Link to comment Share on other sites More sharing options...
Brizzie Saints Posted 18 February, 2012 Share Posted 18 February, 2012 I could imagine Cortese being interested - not in the football club itself, which will close, but in the right to put, in very small letters, 'incorporating Portsmouth FC' under the club logo. The only difference we'd notice is that St Mary's would be the only major football stadium in the country with two way ends. Dont even joke about it, we'd never get the fishy smell out before our game Link to comment Share on other sites More sharing options...
Gemmel Posted 18 February, 2012 Share Posted 18 February, 2012 ANDREW Andronikou wished Pompey ‘the very best’ for the future after losing out as the club’s administrator. But Mr Andronikou, who works for UHY Hacker Young – administrators of Pompey’s parent company Convers Sports Initiatives – claims some large creditors will oppose PKF’s appointment as Pompey’s administrators in the short-term. Her Majesty’s Revenue and Customs yesterday challenged the appointment of Mr Andronikou on the grounds it would be a conflict of interest and not in the best interests of Portsmouth taxpayers. Mr Justice Alastair Norris appointed PKF as administrators instead. Mr Andronikou said: ‘The club’s immediate future is at least secure. ‘We wish the club the very best and hope a new purchaser comes forward to bring the stability the club deserves.’ He added: ‘I am aware that a number of large creditors will be making an appeal to have PKF removed in the short term. ‘As far as UHY is concerned, we have always acted in the best interests of the club and had opened up, over the past few months, a number of dialogues with various parties, which we should have been allowed to bring to fruition. ‘Nothwithstanding we will always be here to support the club going forward.’ Chinny to appeal PKF appointment ...... Link to comment Share on other sites More sharing options...
Clapham Saint Posted 18 February, 2012 Share Posted 18 February, 2012 ANDREW Andronikou wished Pompey ‘the very best’ for the future after losing out as the club’s administrator. But Mr Andronikou, who works for UHY Hacker Young – administrators of Pompey’s parent company Convers Sports Initiatives – claims some large creditors will oppose PKF’s appointment as Pompey’s administrators in the short-term. Her Majesty’s Revenue and Customs yesterday challenged the appointment of Mr Andronikou on the grounds it would be a conflict of interest and not in the best interests of Portsmouth taxpayers. Mr Justice Alastair Norris appointed PKF as administrators instead. Mr Andronikou said: ‘The club’s immediate future is at least secure. ‘We wish the club the very best and hope a new purchaser comes forward to bring the stability the club deserves.’ He added: ‘I am aware that a number of large creditors will be making an appeal to have PKF removed in the short term. ‘As far as UHY is concerned, we have always acted in the best interests of the club and had opened up, over the past few months, a number of dialogues with various parties, which we should have been allowed to bring to fruition. ‘Nothwithstanding we will always be here to support the club going forward.’ Chinny to appeal PKF appointment ...... Given that he is the administrator of csi and has never had a formal appointment over the current company, my first question would be to as why he has had the best interests of the club in mind and not the best interests of csi's creditors... Link to comment Share on other sites More sharing options...
Verbal Kint Posted 18 February, 2012 Share Posted 18 February, 2012 The skates have re-signed Thorne on loan from West Brom. Unbelievable Link to comment Share on other sites More sharing options...
S-Clarke Posted 18 February, 2012 Share Posted 18 February, 2012 The skates have re-signed Thorne on loan from West Brom. Unbelievable Absolutely sickening. The clubs in the bottom 3 should do something about this, it's not fair. Link to comment Share on other sites More sharing options...
JackFrost Posted 18 February, 2012 Share Posted 18 February, 2012 Absolutely sickening. The clubs in the bottom 3 should do something about this, it's not fair. IF(and it is an if) Thorne has signed on loan and WBA are paying all of his wages that's exactly what Pompey should be doing Link to comment Share on other sites More sharing options...
channonball Posted 18 February, 2012 Share Posted 18 February, 2012 Fecking unbelievable. Link to comment Share on other sites More sharing options...
Lifelongsaint83 Posted 18 February, 2012 Share Posted 18 February, 2012 Someone said it before..Portsmouth must have something over one of the higher ups of the Football League because this is special treatment. They continue to take the p*** and cheat. Link to comment Share on other sites More sharing options...
S-Clarke Posted 18 February, 2012 Share Posted 18 February, 2012 IF(and it is an if) Thorne has signed on loan and WBA are paying all of his wages that's exactly what Pompey should be doing I don't think they should be allowed to sign anyone to strengthen their position. They need to be punished and I cannot see any punishments happening. At the moment just a messily 10 point deduction and the ability reopened to sign players. It's mental. Link to comment Share on other sites More sharing options...
channonball Posted 18 February, 2012 Share Posted 18 February, 2012 Can't get over this. What's the point taking 10 points off them and then allowing them to sign more players to recover their position? Will Pompey ever suffer a genuine penalty? The longer this goes on the more I want their demise to be permanent! Link to comment Share on other sites More sharing options...
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