Doctoroncall Posted 14 June, 2012 Share Posted 14 June, 2012 Someone remind me of the important deadlines Pompey face. Or is it just carry on letting it get worse forever? I'm purely concerned for Wycombe knowing their fate you understand. If there is a deadline imposed by the FL, it hasn't been made public. TB stated there is enough funds available until the FL meeting which has passed, just like his other deadlines. The skates limping on means more football debt from deferred wages and also higher admin costs. Not forgetting less time to get their players of choice in for the new season which they are worried about considering their latest statement of wanting to bring some in after off loading only a few high earners. Link to comment Share on other sites More sharing options...
pedg Posted 14 June, 2012 Share Posted 14 June, 2012 The obvious deadline date is the CVA meeting date. However Chainrai may have an idea of a date before then by which the wage bill will have to have been reduced to an acceptable level for him to commit to the CVA. Link to comment Share on other sites More sharing options...
Ric Posted 14 June, 2012 Share Posted 14 June, 2012 Didn't someone on here say a while back that they were going to lock themselves away for a few months in a brave attempt to chronicle this thread? Are the still alive? #worried That was crablungs, I believe... anyone heard from him lately?! Link to comment Share on other sites More sharing options...
SaintRichmond Posted 14 June, 2012 Share Posted 14 June, 2012 Someone remind me of the important deadlines Pompey face. Or is it just carry on letting it get worse forever? I'm purely concerned for Wycombe knowing their fate you understand. Starring Syd James, Barbara Winsor, Kenneth Williams, Charles Hawtry etc etc etc ........... Would(have been) their best one yet Link to comment Share on other sites More sharing options...
SaintRichmond Posted 14 June, 2012 Share Posted 14 June, 2012 The obvious deadline date is the CVA meeting date. However Chainrai may have an idea of a date before then by which the wage bill will have to have been reduced to an acceptable level for him to commit to the CVA. He's managed to get the machine guns through customs then ??? Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 14 June, 2012 Share Posted 14 June, 2012 Until the Football League can see some sort of movement in terms of players leaving, they will not allow us to sign anyone. ‘I think once you get two or three out of the door you have got a good case to go to the Football League to ask if they can let us start doing one or two deals. Doesn't sound like someone only thinking of what's best for the creditors - has TB been sucked in too? I doubt it. He knows that the two or three out the door isn't going to happen. He's been trying to flog them since January but no-one is interested. Even those he sent out on loan with their alleged 'buy at the end of the season' clauses were sent home. They aren't going anywhere, no-one wants them, and they WILL get their money back - they're more secured than Chinny in that respect Link to comment Share on other sites More sharing options...
Sevvy Posted 14 June, 2012 Share Posted 14 June, 2012 http://www.newsnow.co.uk/A/581692844?-11209 Apparently they have 6 weeks,before they go t1ts up Link to comment Share on other sites More sharing options...
Winchester Red Posted 14 June, 2012 Share Posted 14 June, 2012 http://www.newsnow.co.uk/A/581692844?-11209 Apparently they have 6 weeks,before they go t1ts up So if it is liquidation, do the players get nothing? I thought the remaining contracts were covered by the PFA or FL or someone... Link to comment Share on other sites More sharing options...
Winchester Red Posted 14 June, 2012 Share Posted 14 June, 2012 Certainly no chance of them being able to re-form within the upper league structure if they leave football creditors out of pocket That's the ultimate offense in the eyes of the FL Link to comment Share on other sites More sharing options...
trousers Posted 14 June, 2012 Share Posted 14 June, 2012 (edited) BAU down Pompey way.... @pn_neil_allen: #Pompey have been drawn away to Plymouth in the first round of the Capital One Cup. To be played week beginning August 13. Delldays will be happy though....a nice pre-season game for him to attend in the West Country.... Edited 14 June, 2012 by trousers Link to comment Share on other sites More sharing options...
rallyboy Posted 14 June, 2012 Share Posted 14 June, 2012 even with a new deadline, all this talk of league cup opponents and the excited anticipation of the one-match holiday in Gibraltar does seem to suggest that the penny still hasn't dropped. Or rather Birch needs the fans to think that his task isn't too difficult as he desperately tries to peddle season tickets. Roll up, roll up, no team, no future, just tuck another £300 into Chinny's grubby thong and wave it goodbye. Does he really believe that players will walk? They are thick, but they are also greedy... It will need the likes of Ben Haim to be offered £25K plus, and that just won't happen. Difficult to be sympathetic with the poor plucky club being held to ransom by nasty players, when they are clearly victims of their own insane and criminal spending. You have to admire his courage though, Rangers are about to get wiped off the face of football with smaller debts, yet plucky pompey's spin machine still soldiers on. Well listen up my fishy friends! - without Trevor Perch organising that massive clearout, THERE WILL BE NO 'NEXT SEASON'. We are way beyond the old, something will come up or no club has ever died mutterings. It's only a guess based on two years of studying a troubled business, but surely we must be in the endgame. If it looks like liquidation, smells like liquidation, and has a teeshirt on that says Frankie says Liquidate....then perhaps there are more pressing matters than the draw for the league cup. Link to comment Share on other sites More sharing options...
qwertySFC Posted 14 June, 2012 Share Posted 14 June, 2012 The old smoke machine is in overtime - It's the players contracts fault, release a few snippets about their refusal to reduce wages , hype up a frenzie through the Snooze, when in reality TB knows that despite all his efforts, whilst racking up a nice little earner NO ONE wanted it .... Chinny wont take over because he knows the wage bill wont be reduced, PST the same - then when it all comes down to ashes to ashes - dust to dust - they all "tried" but can off load the backlash to those pesky players ..... and their naughty attitudes Quality over Quantity.. Link to comment Share on other sites More sharing options...
pedg Posted 14 June, 2012 Share Posted 14 June, 2012 http://www.newsnow.co.uk/A/581692844?-11209 Apparently they have 6 weeks,before they go t1ts up best comedy bit The likes of Luke Varney, David Norris, Liam Lawrence and Erik Huseklepp are all up for sale. Birch anticipates transfer bids for those players. bids! such optimism! What happened to we are trying to give them away? If any of those 4 players want to leave they have just to give 14 days notice and leave as a free agent with the likelihood of a higher signing on fee. Anyway at the moment it appears that the safest place to store a box of priceless china in pompey is against the player exit door. Link to comment Share on other sites More sharing options...
Goalie66 Posted 14 June, 2012 Share Posted 14 June, 2012 If liquidation is the only alternative , what are they doing incurring(or deferring) more loss? Link to comment Share on other sites More sharing options...
Lazlo78 Posted 14 June, 2012 Share Posted 14 June, 2012 The guy is a salesman so he has to keep nailing that dead parrot to the perch. He know nobody will pay him anything for it once it hits the deck." Yeah, makes sense. Wonderful analogy too Link to comment Share on other sites More sharing options...
dellboypete Posted 14 June, 2012 Share Posted 14 June, 2012 I see some boffins at the "university" (term applied loosely) down the road have developed an app Phone app colour codes messages to 'help manage stress' (http://www.bbc.co.uk/news/technology-18397429) Best bit for me - Made by a team from the University of Portsmouth's School of Computing, the app distinguishes good messages from bad and neutral ones, and colour codes them accordingly. Users may choose not to open negative messages if they are already having a stressful day. Presumably preparing them for doomsday - coming their way pretty soon Link to comment Share on other sites More sharing options...
sidthesquid Posted 14 June, 2012 Share Posted 14 June, 2012 This is an interesting little snippet with hideous consequences if they do survive. ‘Unpaid wages the players are due and future wages need to be compromised. Those payments are going to be spread over time. There are four or five who might have to leave under compromise agreements, others we are looking to sell. ‘There is interest, I know that but no bids on the table at present. ‘It is just ongoing.’ Remember Leeds paying half of Kewell's wage at Liverpool years after he had left? A compromise with TBH isn't 'We'll pay you half what we owe you, take it or leave it." In modern football, the only inviolable rule is that players will get all that is contractuially due to them. So a compromise with him would be £5k/week for the next SEVEN years. Times that by the other dozen high earners and their misery could go on into the next decade without any chance of rebuilding. Link to comment Share on other sites More sharing options...
Sevvy Posted 14 June, 2012 Share Posted 14 June, 2012 http://www.newsnow.co.uk/A/581706094?-11209 And it gets better. Link to comment Share on other sites More sharing options...
pedg Posted 14 June, 2012 Share Posted 14 June, 2012 http://www.newsnow.co.uk/A/581706094?-11209 And it gets better. Obviously they don't know about the leave as a free agent option? More likely perhaps is his agent does know but is not going to mention it to interested clubs as he will not get his share of the fee. Link to comment Share on other sites More sharing options...
trousers Posted 14 June, 2012 Share Posted 14 June, 2012 @pn_neil_allen: David Norris admits his #Pompey days are over. http://t.co/S5PJaqXX Link to comment Share on other sites More sharing options...
mickn Posted 14 June, 2012 Share Posted 14 June, 2012 I like the comment about Kanu and TBH 'take note'. Where does Norris say he's prepared to leave and forego his remaining 2 years wages, especially with a young family to think of? Link to comment Share on other sites More sharing options...
trousers Posted 14 June, 2012 Share Posted 14 June, 2012 I like the comment about Kanu and TBH 'take note'. Where does Norris say he's prepared to leave and forego his remaining 2 years wages, especially with a young family to think of? Indeed. And I'm sure, behind the scenes, Lampitt is also encouraging the remaining players to follow his own "I'm entitled to the money - I've got a family to support" mantra... Link to comment Share on other sites More sharing options...
FloridaMarlin Posted 14 June, 2012 Share Posted 14 June, 2012 I liked this bit in the Norris article: "Norris went on to score eight goals in 42 games for the Blues last season, including the dramatic St Mary’s equaliser which established him in Pompey folklore." Established in Pompey folklore? It was a goal that neither kept Pompey up, nor prevented Saints from being promoted, so in the greater context of things it meant nothing. Apart, of course, from the fact that it prevented them getting beaten at St Marys and in the end, that is all they care about. Doesn't matter that we are disappearing over the horizon or that they might not even exist next season. As long as they didn't lose. Pathetic. Let's hope the memory of Norris's goal keeps them warm on those cold winter nights at Moneyfields. Link to comment Share on other sites More sharing options...
pedg Posted 14 June, 2012 Share Posted 14 June, 2012 @pn_neil_allen: David Norris admits his #Pompey days are over. http://t.co/S5PJaqXX superfluous 'his' in that tweet. Link to comment Share on other sites More sharing options...
trousers Posted 14 June, 2012 Share Posted 14 June, 2012 I liked this bit in the Norris article: "Norris went on to score eight goals in 42 games for the Blues last season, including the dramatic St Mary’s equaliser which established him in Pompey folklore." Established in Pompey folklore? It was a goal that neither kept Pompey up, nor prevented Saints from being promoted, so in the greater context of things it meant nothing. Apart, of course, from the fact that it prevented them getting beaten at St Marys and in the end, that is all they care about. Doesn't matter that we are disappearing over the horizon or that they might not even exist next season. As long as they didn't lose. Pathetic. Let's hope the memory of Norris's goal keeps them warm on those cold winter nights at Moneyfields. To be fair, Norris's meaningless goal at St.Mary's is up there in terms of significance with the bestest fans winning £30,000 for the club to not spend on player wages (chortle) and with winning family club of the year at the "two table" football league awards.... Link to comment Share on other sites More sharing options...
holepuncture Posted 14 June, 2012 Share Posted 14 June, 2012 I like the comment about Kanu and TBH 'take note'. Where does Norris say he's prepared to leave and forego his remaining 2 years wages, especially with a young family to think of? Of course, Norris may well be bracing himself for a pompey fairwell, but somebody is going to have to pay. He talks passionately about his deferred wages, knowing he is secure. Its amazing how he has the cheek to act as if it all came as a surprise, after arriving last summer. It was patently obvious well over a year ago that the club was insolvent, fudging off the CVA installments, Lampit and Cotteril spending bonkers money on mercanry rubbish... how did pompey ever manage to out bid Ipswich in the first place Dave, did that not occur to you at the time. Your manager Jewel at the time publically spoke of his amazement that the skates were outbidding him for his own player... Nope, just another geezer with a first class seat on the gravy train, shovelling more and more coal into the PFC PR Spin Machine to convince the deluded bestestzzz . Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 14 June, 2012 Author Share Posted 14 June, 2012 Rangers seemingly can go into liquidation and yet stay in the top-flight if the other 11 clubs in the SPL agree it. Seems a bit bizarre but money talks and all 11 will have an eye on the gate receipts. However with the blue few's dwindling band of followers I doubt League One clubs will be similarly disposed. Short of mass murder I can't see the high wage earners being shifted, Chanrai, cutting his losses will walk, the Trust don't have enough to pay the creditors and the players, which leaves liquidation. Can't see it panning out any other way - plus Birch's bill cannot be peanuts. I see my mass murder suggestion has been taken up on the news message board - "I know a bloke in Southsea who reckons he'll make someone disappear for £50 and a pint. I'm not sure what he does with them but he tells me "the sea holds a lot of secrets". Surely this is the simplest way to trim the wage bill?" Link to comment Share on other sites More sharing options...
Kingsbridge Saint Posted 14 June, 2012 Share Posted 14 June, 2012 So if it is liquidation, do the players get nothing? I thought the remaining contracts were covered by the PFA or FL or someone... They get nothing from Pompey. Birch being economical with the truth. I think their money is guaranteed from a PFA central fund if there is a liquidation. Or if they reach a compromise that involves not paying them in full the FL will hammer them with penalties. I recall them relegating Swindon 2 divisions for some misdemeanour. So Birch will probably try to bend the rules by saying the compromise involves full payment, but spread over the next 25 years or so, interest free. I know what my preferred option would be as a player. Hence the lack of movement out the exit door. Link to comment Share on other sites More sharing options...
carljack Posted 14 June, 2012 Share Posted 14 June, 2012 I see my mass murder suggestion has been taken up on the news message board - "I know a bloke in Southsea who reckons he'll make someone disappear for £50 and a pint. I'm not sure what he does with them but he tells me "the sea holds a lot of secrets". Surely this is the simplest way to trim the wage bill?" You could end up imprisoned for incitement to commit murder Fitzy ! It looks like £50 and a pint is the way forward for the Pompey trust. LOL Link to comment Share on other sites More sharing options...
Lazlo78 Posted 14 June, 2012 Share Posted 14 June, 2012 They get nothing from Pompey. Birch being economical with the truth. I think their money is guaranteed from a PFA central fund if there is a liquidation. Or if they reach a compromise that involves not paying them in full the FL will hammer them with penalties. I recall them relegating Swindon 2 divisions for some misdemeanour. So Birch will probably try to bend the rules by saying the compromise involves full payment, but spread over the next 25 years or so, interest free. I know what my preferred option would be as a player. Hence the lack of movement out the exit door. Which would be a perfectly fine example of selling your future to avoid a points penalty now. It's been described by several posters how these future payments can only ensure that they won't even get a clean slate this time round... Link to comment Share on other sites More sharing options...
Lazlo78 Posted 14 June, 2012 Share Posted 14 June, 2012 You could end up imprisoned for incitement to commit murder Fitzy ! It looks like £50 and a pint is the way forward for the Pompey trust. LOL I'm well aware it's a joke, but imagine how TB would feel if someone did physically harm TBH, Kanu or other players that have publicly been identified as those who stand in the way of a Chanrai takeover? Their only crime has been signing an inflated contract and it that situation the blame must lie at the feet of those who offered the contract. So the plucky bestest's heroes are now suddenly villains that should donate their remaining wages to BC - or be driven out of town with pitchforks and torches... Link to comment Share on other sites More sharing options...
qwertySFC Posted 14 June, 2012 Share Posted 14 June, 2012 They get nothing from Pompey. Birch being economical with the truth. I think their money is guaranteed from a PFA central fund if there is a liquidation. Or if they reach a compromise that involves not paying them in full the FL will hammer them with penalties. I recall them relegating Swindon 2 divisions for some misdemeanour. So Birch will probably try to bend the rules by saying the compromise involves full payment, but spread over the next 25 years or so, interest free. I know what my preferred option would be as a player. Hence the lack of movement out the exit door. :lol: A slur on the club surely - that honest club down the road being economical or truthful Link to comment Share on other sites More sharing options...
suewhistle Posted 14 June, 2012 Share Posted 14 June, 2012 I see my mass murder suggestion has been taken up on the news message board - "I know a bloke in Southsea who reckons he'll make someone disappear for £50 and a pint. I'm not sure what he does with them but he tells me "the sea holds a lot of secrets". Surely this is the simplest way to trim the wage bill?" Trouble is, unless they find the body he won't be assumed dead until (I think) 7 years has passed. I suppose they won't need to find wages if he doesn't turn up to training, but knowing Pompey contracts, perhaps not! Link to comment Share on other sites More sharing options...
Gemmel Posted 14 June, 2012 Share Posted 14 June, 2012 It's an intresting old game this "Admin" lark. Trev old son, two weeks ago you told us that all the players could give 14 days notice and walk for free and now you us to believe you are going to sell them for a fee? Oh and the PFA will pay the contracts if pompey are liquidated. Link to comment Share on other sites More sharing options...
trousers Posted 14 June, 2012 Share Posted 14 June, 2012 It's an intresting old game this "Admin" lark. Trev old son, two weeks ago you told us that all the players could give 14 days notice and walk for free and now you us to believe you are going to sell them for a fee? Oh and the PFA will pay the contracts if pompey are liquidated. Anyone know (or best guess) what funds the PFA have stashed away to cover this type of eventuality? What would happen, for example, if the total value of Pompey players' contract settlement figure is greater than the funds the PFA have available? Maybe the PFA then get forced into administration thus placing the whole space-time continuum into jeopardy.... But, in all seriousness, don't the PFA have a vested interest in keeping Pompey alive? And when does this vested interest become a conflict of interest....? Link to comment Share on other sites More sharing options...
sidthesquid Posted 14 June, 2012 Share Posted 14 June, 2012 Anyone know (or best guess) what funds the PFA have stashed away to cover this type of eventuality? What would happen, for example, if the total value of Pompey players' contract settlement figure is greater than the funds the PFA have available? Maybe the PFA then get forced into administration thus placing the whole space-time continuum into jeopardy.... But, in all seriousness, don't the PFA have a vested interest in keeping Pompey alive? And when does this vested interest become a conflict of interest....? This is what Birch's poker hand is all about. These threats that the players get nothing FROM POMPEY in a liquidation are aimed at the FL and PFA more than the players. Their hideous excess is a threat to both organisations. Link to comment Share on other sites More sharing options...
holepuncture Posted 14 June, 2012 Share Posted 14 June, 2012 I'm well aware it's a joke, but imagine how TB would feel if someone did physically harm TBH, Kanu or other players that have publicly been identified as those who stand in the way of a Chanrai takeover? Their only crime has been signing an inflated contract and it that situation the blame must lie at the feet of those who offered the contract. So the plucky bestest's heroes are now suddenly villains that should donate their remaining wages to BC - or be driven out of town with pitchforks and torches... This post really makes me chuckle, superb! PMSL! It wouldnt surprise me in the slightest if some skates went out looking to physically harm TBH etc, Chinny may even ask his makes at CSI to help him out. Pretty sure the Antonovs know some seriously dangerous people, who operate with revolvers and their currency is corruption and extortion. Google 'German Gorbuntsov' to see what the russians are getting up to at the moment. Oh and the PFA will pay the contracts if pompey are liquidated. Absolutely, they are on the creditors committee FFS! It is pretty shameful of old Trevor to bleat and spout this nonsense, its starting to read like TB has caught the delusion disease that passes around the peoples republic of portsea. This is what Birch's poker hand is all about. These threats that the players get nothing FROM POMPEY in a liquidation are aimed at the FL and PFA more than the players. Their hideous excess is a threat to both organisations. the skates really have taken the p*ss out of the game as we know it... there cant be many people or football bodies left that are not being blackmailed, mocked, shat on, ignored or financially raped by PFC... the sooner they are flushed down the sh*tter the better for all concerned. Link to comment Share on other sites More sharing options...
hutch Posted 14 June, 2012 Share Posted 14 June, 2012 The PFA have more to lose by supporting (allowing?) players to tear up their contracts & move on. It would create a very dangerous precedent, and undermine pretty much everything Taylor has achieved in the past 20-odd years. I'd be very surprised if the PFA isn't pressing them to sit tight unless another offer comes in which broadly matches their current terms, regardless whether that leads to liquidation or not. Link to comment Share on other sites More sharing options...
rallyboy Posted 14 June, 2012 Share Posted 14 June, 2012 I didn't realise the club was overspending said Norris, gleefully pushing an overflowing wheelbarrow of cash through Swanmore, conveniently ignoring the massive wage increase he accepted from a club that clearly hasn't been solvent since Conan Doyle was between the sticks. There is one greedy bloke! Not Arthur, the other one. He blatantly came south for the cash, the loyal plucky hero clung onto his inflated deal throughout January and beyond, and now his little fat fingers are gripped so tightly onto the contract that his arm has gone numb, yet he's all sad about leaving the bestest.... Great goal - pity it meant nothing, byebye, give Rocha our regards when you see him on the football scrapheap at which you are about to join him. You might fool the few but Nutjobs can see right through your tearful farewell. As for Trev the perch - having already announced the firesale had failed and was over, why is he expecting anyone to cough up a fee for anyone? The prolific powerhouse striker that clubs are hoping to poach can walk tomorrow. And he's not a powerhouse he ain't prolific, and there are no clubs looking. It's over, just cut the spin and lock the fricking gates. Even Redknapp knew when the game was up, have some dignity. The carcass won't die, it's stumbling around, it looks horrible, put it out of it's misery. Link to comment Share on other sites More sharing options...
Gemmel Posted 14 June, 2012 Share Posted 14 June, 2012 Anyone know (or best guess) what funds the PFA have stashed away to cover this type of eventuality? What would happen, for example, if the total value of Pompey players' contract settlement figure is greater than the funds the PFA have available? Maybe the PFA then get forced into administration thus placing the whole space-time continuum into jeopardy.... But, in all seriousness, don't the PFA have a vested interest in keeping Pompey alive? And when does this vested interest become a conflict of interest....? Spot on post Trousers. My guess is that as birch has already stated that there isn't any money for compremise agreements, the final throw if the dice is the the PFA pay the compromise agreements. I don't know the figures, but say pompey are liquidated and they (PFA) were liable for 10 million quid or pay 4 or 5 million now and the club survives. It would set an incredble precedent, but not beyond the realms of possibility. Link to comment Share on other sites More sharing options...
Truckasaurus Posted 14 June, 2012 Share Posted 14 June, 2012 Trevor Birch has been at portsmuff for nearly 6 months. Is it me or does that seem like a long time,The jewish chap is on £36,000 a week (apparently) x26 weeks = £936,000. One player. Nobody is gonna buy the club, i could have told Trev that ages ago so what is going on. Liquidate the cheats now,Trev just mentioned 6 weeks to go. F**king why????? God bless the rain:scared: Link to comment Share on other sites More sharing options...
trousers Posted 14 June, 2012 Share Posted 14 June, 2012 God bless the rain Link to comment Share on other sites More sharing options...
Truckasaurus Posted 14 June, 2012 Share Posted 14 June, 2012 I thank you for that Trousers,very kind. What a beautiful thing they are God bless womens breasts. Link to comment Share on other sites More sharing options...
Doctoroncall Posted 14 June, 2012 Share Posted 14 June, 2012 Spot on post Trousers. My guess is that as birch has already stated that there isn't any money for compremise agreements, the final throw if the dice is the the PFA pay the compromise agreements. I don't know the figures, but say pompey are liquidated and they (PFA) were liable for 10 million quid or pay 4 or 5 million now and the club survives. It would set an incredble precedent, but not beyond the realms of possibility. But there is still some PP that haven't been allocated (but plenty are after) that could be used for this, no? Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 14 June, 2012 Share Posted 14 June, 2012 Trousers! Where do you keep them all? I look at her in a completely new light now. If only she could keep her mouth shut... Link to comment Share on other sites More sharing options...
Wes Tender Posted 14 June, 2012 Share Posted 14 June, 2012 Trevor Birch has been at portsmuff for nearly 6 months. Is it me or does that seem like a long time,The jewish chap is on £36,000 a week (apparently) x26 weeks = £936,000. One player. Nobody is gonna buy the club, i could have told Trev that ages ago so what is going on. Liquidate the cheats now,Trev just mentioned 6 weeks to go. F**king why????? God bless the rain:scared: A much longer time since BT were appointed to liquidate Oldco and carry out a forensic examination of their finances. What exactly was the outcome of that; I seem to have missed hearing anything further about it. Were the finances declared to be honest and accurate? Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 15 June, 2012 Share Posted 15 June, 2012 A much longer time since BT were appointed to liquidate Oldco and carry out a forensic examination of their finances. What exactly was the outcome of that; I seem to have missed hearing anything further about it. Were the finances declared to be honest and accurate? They probably found that they had to put it in the "too hard basket" and hoped no-one would remember ? Link to comment Share on other sites More sharing options...
Kingsbridge Saint Posted 15 June, 2012 Share Posted 15 June, 2012 The PFA have more to lose by supporting (allowing?) players to tear up their contracts & move on. It would create a very dangerous precedent, and undermine pretty much everything Taylor has achieved in the past 20-odd years. I'd be very surprised if the PFA isn't pressing them to sit tight unless another offer comes in which broadly matches their current terms, regardless whether that leads to liquidation or not. PFA liability is surely covered by an Insurance policy? The cost of Pompeys liquidation in terms of football creditors would therefore be borne by PFA subscribers in the form of increased future premiums. Link to comment Share on other sites More sharing options...
Petersfield Saint Posted 15 June, 2012 Share Posted 15 June, 2012 Brown paper bag then some serious damage could be done... Link to comment Share on other sites More sharing options...
derry Posted 15 June, 2012 Share Posted 15 June, 2012 Even if they liquidate PFC 2010, the remaining PPs will be there. The players debt will be a football creditors debt so the PPs would be used to cover that. In any event the contracts are taken over by the FA as far as I can make out. There would be no asset value in the liquidation. Link to comment Share on other sites More sharing options...
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