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Pompey Takeover Saga


Fitzhugh Fella

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How are the Skates getting another meeting regarding selling players outside the window tomorrow? Disgrace... if ever there was a perfect example of insolvency, this is it....

 

That is now taken as confirmed, hence why Admin, who by law has to dispose of anything of any value to pay off the debts.

 

He needs to ask the PL how that can be be done. 38mil - Don't you love Storrie teller.

 

Hope he did not put that in the SoA

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HMRC is questioning timing of Chainrai's 'charge' (securing his debt) on PFC. It came on 7/1, after WUP started on 23/12. Bit iffy

1 minutes ago via txt

 

2nd headline: HMRC challenging value of Fratton Park. Is it Chainrai's £10m (competing 18/2/11!) or book value of £7.8m?

5 minutes ago via txt

 

1st big headline: last week Storrie revalued squad from £21m to £38m, contrary 2 normal practice but based on his 21yr experience!

10 minutes ago via txt

 

 

ALL FROM BBC TWITTER FEED.

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It sounds like the only reason they havent been put to sleep is because "they are a well loved club" and they "have lots of history"

 

Any other company in any other industry would have folded by now, regardless of how big the name is.

 

It does grate on me.

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How are the Skates getting another meeting regarding selling players outside the window tomorrow? Disgrace... if ever there was a perfect example of insolvency, this is it....

 

It's in the EPL rules regarding administration.

 

What the skate bast(a)rds want to do is sell players now but then loan them back to the skate bast(a)rds for the remainder of the season.

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That is now taken as confirmed, hence why Admin, who by law has to dispose of anything of any value to pay off the debts.

 

He needs to ask the PL how that can be be done. 38mil - Don't you love Storrie teller.

 

Hope he did not put that in the SoA

 

I bet he did - that's probably where HMRC got the figure from in the first place! :smt044

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It sounds like the only reason they havent been put to sleep is because "they are a well loved club" and they "have lots of history"

 

Any other company in any other industry would have folded by now, regardless of how big the name is.

 

It does grate on me.

 

Of course HMRC are playing that card to have the holy and the righteous on their side. Christ they might even convince a few skates that this isn't a vindictive witch-hunt, but there is a public interest in the HMRC unearthing all the bodies. Go for it i say.

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Mr Mitchell said they need evidence of the validity of the appointment of administrators.

'We just want the court to determine that issue on the evidence. They may have satisfied themselves but there may be issues that they have not put their minds to.'

 

If this is a direct quote, sounds as if HMRC might be floundering in there a little bit. Not a strong concise point that I want to be hearing from them.

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Matthew:

Mr Mitchell said they need evidence of the validity of the appointment of administrators.

'We just want the court to determine that issue on the evidence. They may have satisfied themselves but there may be issues that they have not put their minds to.'

 

What's that bit in lawyer speak mean?

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PMSL - surely the News Feed Comments section has been hacked by Saints Fans

 

I find myself cheering HMRC on

 

I am begining to Like Mr Mitchell

 

And the comment about the appointment

 

"There may be issues that they have not put their minds to..."

 

Which is Lawyer speak for

 

FAIL

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He's being EXTREMELY selective on what he puts up. None of mine have appeared yet.

 

Mine got ignored until this one

 

"Full investigation into all financial dealings between owners is going to result in huge points deductons next season if winding up doesn't happen first!"

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PMSL - surely the News Feed Comments section has been hacked by Saints Fans

 

I find myself cheering HMRC on

 

I am begining to Like Mr Mitchell

 

And the comment about the appointment

 

"There may be issues that they have not put their minds to..."

 

Which is Lawyer speak for

 

FAIL

Agreed. They've missed something, and Mr. Mitchell knows what it is.

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Mr Mitchell said they need evidence of the validity of the appointment of administrators.

'We just want the court to determine that issue on the evidence. They may have satisfied themselves but there may be issues that they have not put their minds to.'

 

If this is a direct quote, sounds as if HMRC might be floundering in there a little bit. Not a strong concise point that I want to be hearing from them.

 

On the contrary: I read it that HMRC are suggesting that they [pfc/bc etc] don't know what they're doing.

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