Pompey Takeover Saga

[redkeith]

The Skates do not need a CVA to continue in the league, just to avoid a points deduction. Despite what AA say's, it is possible for them to use Parachute payments to pay the football debts if they come out of admin without the CVA, and to continue to feild a side, on minus points and probably with a Bournemouth style transfer embargo.

 

I don't buy AA's CVA or bust idea.

[Red and White Army]

The Metro reports

 

http://www.metro.co.uk/sport/football/821909-premier-league-parachute-payments-to-be-extended-from-two-to-four-years

 

It is unclear when the new rules will be implemented, although the suggestion is they could come into force for the three clubs relegated at the end of this season.

 

However another source - Associated Free Press says

 

But a club like Portsmouth, already relegated after being docked nine points last month for entering administration and with acknowledged debts of over £76mil, are set to have to make do with ‘just’ £32mil as the new scheme is not designed to take effect until the end of next season.

 

 

The Android opines thus

 

Portsmouth administrator Andrew Andronikou told ESPN Soccernet: "This is going to have an impact throughout football, not just the Premier League because it's a package of proposals and the Premier League plan to give more money to the Championship clubs and to the Football League as well.

 

"It's great to see the big and the mighty Premier League clubs sharing their wealth with the rest of football. As for the parachute payments being extended from two years to four, that's obviously going to be a direct benefit to a club like ours. The bottom line is it will smooth out our cash flow over a long period of time and will make us more attractive to a potential buyer.

[Third Division South Days]

The Metro reports

 

http://www.metro.co.uk/sport/football/821909-premier-league-parachute-payments-to-be-extended-from-two-to-four-years

 

 

 

However another source - Associated Free Press says

 

 

 

 

The Android opines thus

 

http://www.football.co.uk/west_ham_united/premier_league_parachute_payments_set_to_be_extended_to_four_years_rss705720.shtml

[Wes Tender]

ALL Pompey fans I know detest what the people in charge have done to our club and the charities they have treated appalingly. We are currently trying to pay as many of the charities as we can from our own pockets. That is the true spirit of what remains at the club and will probably be all thats left.

 

We are also fully aware of the mess we are in.

 

I respect the stance taken by those such as you who have dug deep into your own pockets to settle these charity debts. Those of you who post on here are generally savvy enough to appreciate the ins and outs of the whole affair and provide decent balanced debate on it.

 

However, I'm sure that you are well aware if you read the Skate forums and the posts to articles in The News, there are a substantial percentage of fans who are total imbeciles, just like that cretinous oaf "sam the sham" whose contribution I posted earlier.

 

If there were a majority of intelligent, well-informed Skate fans on those forums, they would challenge those cretins and educate them to the reality of their situation. But I've heard it said that anybody who goes on those forums and tells it as it is, is automatically labelled a scummer.

 

I can see why you and others from the other end of the M27 come on here. Apart from a bit of banter, at least there is balance and mostly intelligent debate. I've yet to come across any of your forums to match this one in those respects. If most of the Skates took the sensible perspective that you have, it would have been far easier for there to be enough consensus to get serious campaigning action together to take action over this charity fiasco and the prosecution of those responsible for the demise of your club. But regrettably there are too many still in denial about the whole thing, especially your manager who is the main choir-master getting those with limited intelligence to sing from the same hymn sheet.

[rallyboy]

spot on Wes, that was the point I was making about the likes of PIR being sensible but there are many out there still spouting rubbish about it being unfair, the debts of Livepool and Man utd being worse than theirs etc.

 

And everytime pervy Grant opens his mouth something ridiculous spills out.

 

Many of the few are just happy to be at Wembley and ignore where the money came from.

But since the creditor list went public the rest of football knows how they got there.

[krissyboy31]

The Skates do not need a CVA to continue in the league, just to avoid a points deduction. Despite what AA say's, it is possible for them to use Parachute payments to pay the football debts if they come out of admin without the CVA, and to continue to feild a side, on minus points and probably with a Bournemouth style transfer embargo.

 

I don't buy AA's CVA or bust idea.

 

But what money are they going to have to continue? Once the season is over there is no income. Without an agreed CVA there will be no buyer and with no buyer, they will be liquidated.

[Quickfire Double]

Chris Stocks in the Metro this AM: "... after all their problems, a date with Chelsea is the least they deserve." FFS. No! If I'd defrauded, cheated and stolen my way into some sort of millionaire lifestyle, would Chris advocate spending my ill-gotten gains on a trip to the Bahamas after I'd been prosecuted, before I did my deserved stretch?

 

Is it just me? Has my hatred of the few blinded me to reason? The only way I can see a date with Chelsea being deserved is in the event it results in the very public ripping of a shiny new a- hole for the blue slime.

[OldNick]

spot on Wes, that was the point I was making about the likes of PIR being sensible but there are many out there still spouting rubbish about it being unfair, the debts of Livepool and Man utd being worse than theirs etc.

 

And everytime pervy Grant opens his mouth something ridiculous spills out.

 

Many of the few are just happy to be at Wembley and ignore where the money came from.

But since the creditor list went public the rest of football knows how they got there.

Hold on I thought PIR has been on here in the last few weeks telling us we were talking nonsense. I wont be congratulating him until I see the banners.PIR has been one of the worst at giving it out

[OldNick]

Chris Stocks in the Metro this AM: "... after all their problems, a date with Chelsea is the least they deserve." FFS. No! If I'd defrauded, cheated and stolen my way into some sort of millionaire lifestyle, would Chris advocate spending my ill-gotten gains on a trip to the Bahamas after I'd been prosecuted, before I did my deserved stretch?

 

Is it just me? Has my hatred of the few blinded me to reason? The only way I can see a date with Chelsea being deserved is in the event it results in the very public ripping of a shiny new a- hole for the blue slime.

a date with Chelsea a bonus???? I think not

[Saint_John]

I don't think HMRC have the option to block any deal, regardless of whether they want to or not. They don't have 25% of the unsecured debt, so have no power to block it on their own....

 

As I said before I believe they will go to the HIGH COURT in the 28 day cooling off period and raise some of the questions we have all been asking about some of the creditors.

 

They will then add on the fact that some of the unsecured creditors will get 100% while others only a small percentage (because of the FL golden share rule). Exactly the same as Leeds.

 

That Court Case will not be heard before the date for the -17 point deadline.

 

When these cases are heard the Judge ALWAYS ends up saying that the percentage proposed in the CVA should be paid anyway whether the cva is agreed or NOT, so HMRC have nothing to lose.

 

HMRC do NOT like the FL rule and if they DO NOT CHALLENGE IT this time they leave themselves open in any future cases to the judge saying something like "If you dislike the rule so much why didn't you challenge it in 2010 in the Skates cases ?"

 

What HMRC may do is question whether all the debt from Football Creditors deems them to be "ASSOCIATED Creditors" (because they are going to be paid in full) along with all the previous owners and STOP the cva being issued on the 50% rule.

[Quickfire Double]

a date with Chelsea a bonus???? I think not

 

Clearly not, but suggesting in print they deserve to be in the FA Cup final because the poor little cheating darlings have had such a nasty old season has boiled my p1ss to the point I can't sit comfortably.

[Red and White Army]

As I said before I believe they will go to the HIGH COURT in the 28 day cooling off period and raise some of the questions we have all been asking about some of the creditors.

 

OK - sorry I miss the wheat for all the chaff on this thread sometimes. It is hard to keep up with the volume of posts.

 

They will then add on the fact that some of the unsecured creditors will get 100% while others only a small percentage (because of the FL golden share rule). Exactly the same as Leeds.

 

Yes, I believe they LOST the case there and LOST again in the Court of Appeals?

 

HMRC do NOT like the FL rule and if they DO NOT CHALLENGE IT this time they leave themselves open in any future cases to the judge saying something like "If you dislike the rule so much why didn't you challenge it in 2010 in the Skates cases ?"

 

Well, they have challenged this rule and appealed it before - why would they waste time and money on something with a clear legal precedent that rules against them?

 

Are they allowed to throw good money after bad in this way? I am not sure if there are any key differences in the Leeds & Portsmouth cases that renders the judgements against HMRC irrelevant this time?

 

If not - hard to see what grounds HMRC have for believing any appeal will be successful? Any insights here?

 

What HMRC may do is question whether all the debt from Football Creditors deems them to be "ASSOCIATED Creditors" (because they are going to be paid in full) along with all the previous owners and STOP the cva being issued on the 50% rule.

 

Hard to see that holding up to be honest, and again - how is this difference to Leeds where HMRC have been defeated and defeated in Appeals? I would think HMRC should lobby to change the law rather than fighting the same battle in the courts over and over?

[OldNick]

Clearly not, but suggesting in print they deserve to be in the FA Cup final because the poor little cheating darlings have had such a nasty old season has boiled my p1ss to the point I can't sit comfortably.

Not just you.

[Sour Mash]

OK - sorry I miss the wheat for all the chaff on this thread sometimes. It is hard to keep up with the volume of posts.

 

 

 

Yes, I believe they LOST the case there and LOST again in the Court of Appeals?

 

 

 

Well, they have challenged this rule and appealed it before - why would they waste time and money on something with a clear legal precedent that rules against them?

 

Are they allowed to throw good money after bad in this way? I am not sure if there are any key differences in the Leeds & Portsmouth cases that renders the judgements against HMRC irrelevant this time?

 

If not - hard to see what grounds HMRC have for believing any appeal will be successful? Any insights here?

 

 

 

Hard to see that holding up to be honest, and again - how is this difference to Leeds where HMRC have been defeated and defeated in Appeals? I would think HMRC should lobby to change the law rather than fighting the same battle in the courts over and over?

 

What was the legal argument that defeated the HMRC when they went to court and appealed? Simply that football debts are classed as "associated creditors"? That seems to be a stupidly easy loophole.

[knellster]

Well, they have challenged this rule and appealed it before - why would they waste time and money on something with a clear legal precedent that rules against them?

 

I am guessing that it may be to dissuade clubs from ignoring HMRC in future. They may well know that they have no chance of winning a court case, but they also know that it will cost Poopey a big points penalty if they appeal late enough to prevent a CVA as they did with Leeds. That's a hell of an incentive for the next club in admin to pay the taxman off.

[bridge too far]

I can't find the link ATM but I read the other day that HMRC are being very agressive about recovering unpaid tax with a good deal of success.

 

Apart from legal fees, it will cost them nothing to test the 'Leeds' rule again. Legal judgement can change over time and they might be lucky this time.

 

However, I'm confident that there's a load of other ordure to come out and I'm sure they'll get PFC one way or another.

[Weston Saint]

I am guessing that it may be to dissuade clubs from ignoring HMRC in future. They may well know that they have no chance of winning a court case, but they also know that it will cost Poopey a big points penalty if they appeal late enough to prevent a CVA as they did with Leeds. That's a hell of an incentive for the next club in admin to pay the taxman off.

A legal precedent has been set. HMRC will have to come up with a new legal argument. You just cannot abuse the court like that. They will not only throw the case out but award costs in full.

[View From The Top]

The footballing authorities have already made it clear that they will hold back all payments due so to pay the footballing debts.

 

Player sales will fund the £14mill owed to Baloo and the fees of the administrator, leaving next to nowt in the kitty.

[tony13579]

Does anyone have a link to the leeds ruling? I would like to read the judges reasoning

[OldNick]

The footballing authorities have already made it clear that they will hold back all payments due so to pay the footballing debts.

 

Player sales will fund the £14mill owed to Baloo and the fees of the administrator, leaving next to nowt in the kitty.

Parachute payments?? The way the figures seem to change it seems to me a classic case of smoke and mirrors. Player sales in a firesale situation surely can't get to 14m. In a depressed transfer market are those players who have contributed to a dismal total of points be able to command decent prices?

[View From The Top]

Parachute payments?? The way the figures seem to change it seems to me a classic case of smoke and mirrors. Player sales in a firesale situation surely can't get to 14m. In a depressed transfer market are those players who have contributed to a dismal total of points be able to command decent prices?

 

Yes.

 

They have already said that they will withhold them.

[Frank's cousin]

The footballing authorities have already made it clear that they will hold back all payments due so to pay the footballing debts.

 

Player sales will fund the £14mill owed to Baloo and the fees of the administrator, leaving next to nowt in the kitty.

 

My take and please correct if I am wrong....

 

I think this is the real crunch... Because of the Parachute payments being paid directly to cover the footballing creditors in full, this will in effect mean that this revenue never appears on the Pompey balance sheet, but the footballing creditors will be removed... this means that the Pompey will in effect satisfy part of the FL ruling that all football related debts must be paid in full.

 

This then leaves the matter of the CVA with the HMRC and remaining creditors (owed approx 70 mil or thereabouts)/ Pompey will in effect get 32 mil in parachute payments so after footballing debts this will leave about 7-8 mil which they will probably not get until late 2011.

 

The issue as I see it will not be about HMRC and teh FL rule, because pompey will not see the majority of that cash anyway, and those debts will be paid, but more likely the HMRC questioning the issue of preffered creditor status of the various ex owners etc...

 

In efect the HMRC will become the largest non preffered creditor, something I think they may well challenge in court if its considered that there may have been some shenaniggans going on to ensure previous owners became preferred creditors?

 

Either was after footballing debts are taken paid off in full direct from teh Parachute payments, then as I see the maths the HMRC will probably by very close to being owed more than 25% - which could prevent Pompey from gaining their CVA.

 

BUt it obviously depends on what figure Android comes up with if a buyer is found as to how many of the creditors will accept the offer... Funnily enough the fact that there is a substantial amount tied up in preffered creditor status (30 mil odd?) is actually another nmegative as a buyer will need to cover this in total + provide additional sums to satisfy teh HMRC and the remaining creditors to avoid the -17 points? Is Pompey worth investing say 40 mil plus in?

 

Alternatively their best option is for one of teh existing preferred creditors to buy teh club and write off or service their own debt.. because this would probably mean the carcus could be purchased for about 25 mil to satisfy HMRC + remaining creditors?

 

Either way its a lot of money for what is left.

 

What I dont understand is what AA is doing at present as he seems to be preparing for a creditors meeting to present an offer, but how is this possible if no buyer has made an offer, or is this just to try and gauge what would be acceptable and thus set the price?

 

I suspect its going to get very complicated, with AA offering a structured deal paid for by the remaining parachute cash + the extra parachute cash he seems to think is due for years 3 and 4 but there appears to be confusion over this as I am not sure it takes effect until next season... so they would mis out on approx 16 mil which he may be factoring in...

 

Afterall if they were to get 48 mil in parachute payments over 4 years + player sales say anet of 10 mil that would be 58 mil , Take away the footballing debt (24 mil) leaves about 34 mil - take away the prefered creditor payment leaves around 8 mil + whatever a buyer brings to the table say 15 mil. that would give about 23 mil to pay off HMRC + creditors a percentage - Is that possible?

 

Does the above amke sense or am I talking boll ox? I am probably completely confused, because the mess is bigger that my brain can comprehend...

 

PS. Respect to those fnas who paid off the charity stuff - whatever else happens, it shows decency and integrity and I for one just feel sad that they have had to do this - but respect anyway.

[EastleighSoulBoy]

This whole new parachute payment (and CVA) thing stinks.

 

Why are the FL clubs going to sign up to it? Just for that extra percentage? This move will almost totally preclude any club, currently not receiving parachute payments, from promotion. Which surely means the FL are restricting it's member clubs ability to trade competitively?

 

Can this 'football creditors first' rule be taken to Parliament without a test case?

 

Surely it is in the interests of us all, via our 'citizen's ownership' of the treasury to put an end to it? The benefits agencies spend enough on TV adverts encouraging the public to grass up benefit cheats yet the Government sits idling away while nefarious characters, acting as football club owners, plunder VAT and other Taxes from us all!

[warsash saint]

http://www.portsmouth.co.uk/newshome/Pompey-slash-the-cost-of.6255421.jp

 

So they are slashing ticket prices to tempt the blue few back to watch a releagtion fight in the Championship

 

Can they sell season tickets before they exit administration ? If so, who's going to buy one with the threat of the club going to the wall ?

[Saint_clark]

£400 for an adult is still overpriced though.

[Saint_clark]

"The club is also offering fans the chance to pay for season tickets in instalments, which costs an extra £20 administration fee."

 

For some reason the "administration fee" quote made me chuckle.

[EastleighSoulBoy]

£400 for an adult is still overpriced though.

 

Surely, at a more realistic price (£300), they could fill their shed?

[positivepete]

Is this not a case of the order of payments? Surely all unsecured creditors (including football debts) will be paid X pence in the pound from the available funds as is the law. But separately to regain the golden share, the football debts have to be paid in full to satisfy FL requirements, not insolvency requirements. This money surely must come from new funds, as funds cannot be legally held back for this purpose, all available funds must be used to pay creditors in equal proportions.

[StuRomseySaint]

http://www.portsmouth.co.uk/newshome/Pompey-slash-the-cost-of.6255421.jp

 

So they are slashing ticket prices to tempt the blue few back to watch a releagtion fight in the Championship

 

Can they sell season tickets before they exit administration ? If so, who's going to buy one with the threat of the club going to the wall ?

 

I thought I would spend a little bit of time comparing their prices to Coventry, as they were quoting £525.

 

It might suprise you to find out that is infact b*llocks.

 

The most expensive early-bird tick in the centre block is £444, but £411 (no admin fee ) for the main centre seats, P*mpeys is £399 + £20 admin fee... £419

 

For behind the goal.

 

Cov is £295

Skates are £399

 

For family section

 

Cov is £274

Skates are £299

 

LMFAO , even when it comes releasing details of their tickets they can't help but put some spin on it. Every ticket is more expensive at Farton.

[Chopper71]

This whole new parachute payment (and CVA) thing stinks.

 

Why are the FL clubs going to sign up to it? Just for that extra percentage? This move will almost totally preclude any club, currently not receiving parachute payments, from promotion. Which surely means the FL are restricting it's member clubs ability to trade competitively?

 

Can this 'football creditors first' rule be taken to Parliament without a test case?

 

Surely it is in the interests of us all, via our 'citizen's ownership' of the treasury to put an end to it? The benefits agencies spend enough on TV adverts encouraging the public to grass up benefit cheats yet the Government sits idling away while nefarious characters, acting as football club owners, plunder VAT and other Taxes from us all!

 

I guess the only benefit to FL clubs is that is a relegated club immediately regains promotion to the PL the remaining parachute money is shared amongst FL clubs.

[dronskisaint]

I thought I would spend a little bit of time comparing their prices to Coventry, as they were quoting £525.

 

It might suprise you to find out that is infact b*llocks.

 

The most expensive early-bird tick in the centre block is £444, but £411 (no admin fee ) for the main centre seats, P*mpeys is £399 + £20 admin fee... £419

 

For behind the goal.

 

Cov is £295

Skates are £399

 

For family section

 

 

 

Cov is £274

Skates are £299

 

LMFAO , even when it comes releasing details of their tickets they can't help but put some spin on it. Every ticket is more expensive at Farton.

 

Worth comparing what you get to stand in/on too.

 

Coventry's stadium is modern, dry, up to the minute...you can even watch the match from a hotel window!!

 

Compare that with a falling down, semi-covered shed that reeks of ****, garbage & the pikeys standing all around you.

 

What a bargain!

[EastleighSoulBoy]

I've just read this , not for the first time mind, posted on FB one of our finest DW.

 

I just had to laugh at the Storrieteller's C.V. Again, lifted direct from Darren's posting on FB.

Quote.

Peter Storrie's C.V... West Ham, Notts County, Southend... all of which

are in financial trouble... Prior to that he was managing director of a

Swedish furniture company...That went bust... You couldn't make it

up....

 

Thanks for the laugh prior to I head off into bandit country!

[Joey-deacons-left-nut]

What I dont understand is what AA is doing at present as he seems to be preparing for a creditors meeting to present an offer, but how is this possible if no buyer has made an offer, or is this just to try and gauge what would be acceptable and thus set the price?

 

I think it's becoming increasingly obvious that he's franticly treading water.. he's out of his depth on this one....

[Doctoroncall]

My take and please correct if I am wrong....

 

I think this is the real crunch... Because of the Parachute payments being paid directly to cover the footballing creditors in full, this will in effect mean that this revenue never appears on the Pompey balance sheet, but the footballing creditors will be removed... this means that the Pompey will in effect satisfy part of the FL ruling that all football related debts must be paid in full.

 

This then leaves the matter of the CVA with the HMRC and remaining creditors (owed approx 70 mil or thereabouts)/ Pompey will in effect get 32 mil in parachute payments so after footballing debts this will leave about 7-8 mil which they will probably not get until late 2011.

 

The issue as I see it will not be about HMRC and teh FL rule, because pompey will not see the majority of that cash anyway, and those debts will be paid, but more likely the HMRC questioning the issue of preffered creditor status of the various ex owners etc...

 

In efect the HMRC will become the largest non preffered creditor, something I think they may well challenge in court if its considered that there may have been some shenaniggans going on to ensure previous owners became preferred creditors?

 

Either was after footballing debts are taken paid off in full direct from teh Parachute payments, then as I see the maths the HMRC will probably by very close to being owed more than 25% - which could prevent Pompey from gaining their CVA.

 

BUt it obviously depends on what figure Android comes up with if a buyer is found as to how many of the creditors will accept the offer... Funnily enough the fact that there is a substantial amount tied up in preffered creditor status (30 mil odd?) is actually another nmegative as a buyer will need to cover this in total + provide additional sums to satisfy teh HMRC and the remaining creditors to avoid the -17 points? Is Pompey worth investing say 40 mil plus in?

 

Alternatively their best option is for one of teh existing preferred creditors to buy teh club and write off or service their own debt.. because this would probably mean the carcus could be purchased for about 25 mil to satisfy HMRC + remaining creditors?

 

Either way its a lot of money for what is left.

 

What I dont understand is what AA is doing at present as he seems to be preparing for a creditors meeting to present an offer, but how is this possible if no buyer has made an offer, or is this just to try and gauge what would be acceptable and thus set the price?

 

I suspect its going to get very complicated, with AA offering a structured deal paid for by the remaining parachute cash + the extra parachute cash he seems to think is due for years 3 and 4 but there appears to be confusion over this as I am not sure it takes effect until next season... so they would mis out on approx 16 mil which he may be factoring in...

 

Afterall if they were to get 48 mil in parachute payments over 4 years + player sales say anet of 10 mil that would be 58 mil , Take away the footballing debt (24 mil) leaves about 34 mil - take away the prefered creditor payment leaves around 8 mil + whatever a buyer brings to the table say 15 mil. that would give about 23 mil to pay off HMRC + creditors a percentage - Is that possible?

 

Does the above amke sense or am I talking boll ox? I am probably completely confused, because the mess is bigger that my brain can comprehend...

 

PS. Respect to those fnas who paid off the charity stuff - whatever else happens, it shows decency and integrity and I for one just feel sad that they have had to do this - but respect anyway.

 

Only Chainrai is noted as a secured creditor (although I expect HMRC to challenge that in some way).

 

If the footall authorities withold the parachute payments to pay the football debts, it may open up legal challenges, if not then HMRC share as you say will rise.

 

At the end of the day, football debt will be repaid in full and PP will be used to pay the debt, it's only a question of how.

 

I also doubt the PL & FL will have time to ratify or agree to the new PPs schedule for those relegated this season.

Edited 27 April, 2010 by Doctoroncall

[Ken Tone]

>>>PS. Respect to those fnas who paid off the charity stuff - whatever else happens, it shows decency and integrity and I for one just feel sad that they have had to do this - but respect anyway.

 

 

Ditto

 

I was really impressed to see that last night. Good for them.

 

K.

[Doctoroncall]

"The club is also offering fans the chance to pay for season tickets in instalments, which costs an extra £20 administration fee."

 

For some reason the "administration fee" quote made me chuckle.

 

I expect the fee is there to cover costs to return funds as well as the usual admin of an account if the club does get liquidated!

[PaulSaint]

Sent mine, here's the details:

 

The Premier League

30 Gloucester Place

London

W1U 8PL

Tel 0044 (0)20 7864 9000

Fax 0044 (0)20 7864 9001

Mail info@premierleague.com

Web http://www.premierleague.co.uk

 

 

Finally got my bullsh|t, no answers to questions, cut "n" pasted reply" from the EPL:

 

Paul,

 

We understand that football supporters will have concerns about the difficult position in which Portsmouth FC now finds itself and the effect that it could have on the future of the club, it’s supporters and the integrity of the Premier League. We would like to assure you that the Premier League Board continues to work with the officers of Portsmouth Football Club to ensure that arrangements are in place to settle all club liabilities as and when they become due.

 

The Premier League Board has implemented the Premier League Rule Book to the letter in terms of dealing with Portsmouth FC and their various transgressions. The Premier League Board convened to apply the League’s rules and policies in relation to a member club suffering an event of insolvency. As a result Portsmouth FC was deducted nine points.

 

The role of the Premier League’s Board is to implement the rules on behalf of all 20 clubs without fear or favour. Portsmouth FC like all clubs in the Premier League, are subject to and bound by these rules and the decision of the Board. The FA and Premier League have confirmed to the Administrators of Portsmouth Football Club that they shall not consider any late application for granting of a UEFA Club Licence for the 2010-11 season.

 

Portsmouth Football Club did not apply for a Uefa Club Licence when required to do so. The Uefa Club Licence is administered by the FA and the Premier League for English clubs that want to compete in European competition but the criteria is set by Uefa. There is a section of the Premier League Rule Book titled 'Rules governing applications for a Uefa Club Licence' that all clubs have signed up to and is in the public domain. You can view this and other Premier League rules via the following link http://www.premierleague.com/staticFiles/be/3b/0,,12306~146366,00.pdf

 

Whilst I appreciate the above may not be to your entire satisfaction, I hope it clarifies our position on this issue and goes someway to alleviate your concerns.

 

Thank you for taking the time to contact us, we appreciate all feedback that we receive from supporters.

 

 

Kind regards,

 

Communications Team

 

:mad:

[Fowllyd]

Finally got my bullsh|t, no answers to questions, cut "n" pasted reply" from the EPL:

 

 

:mad:

 

Looks to me like you've got a standard-issue response that they send out to Skates who write in moaning about the unfairness of it all! In other words, nobody's actually bothered to read what you sent in - they've just seen that it's about Pompey's situation and sent that reply. Pretty laughable really.

[Draino76]

Mr Peart said fans have nothing to worry about in handing over cash to the club, which is in administration.

 

'All the season ticket money will be put in a special account'.

 

LMAO.

[Gingeletiss]

I thought I would spend a little bit of time comparing their prices to Coventry, as they were quoting £525.

 

It might suprise you to find out that is infact b*llocks.

 

The most expensive early-bird tick in the centre block is £444, but £411 (no admin fee ) for the main centre seats, P*mpeys is £399 + £20 admin fee... £419

 

For behind the goal.

 

Cov is £295

Skates are £399

 

For family section

 

Cov is £274

Skates are £299

 

LMFAO , even when it comes releasing details of their tickets they can't help but put some spin on it. Every ticket is more expensive at Farton.

 

This has been said so many times, but can someone please nail this down! Are Poor smouth allowed to sell tickets for next season whilst in administration, I thought that they were not allowed......Anyone?

[Matthew Le God]

This has been said so many times, but can someone please nail this down! Are Poor smouth allowed to sell tickets for next season whilst in administration, I thought that they were not allowed......Anyone?

 

They aren't on sale now.

[Gingeletiss]

They aren't on sale now.

 

Not the impression I had got, what with a 'special BVI' account being set up!. According to a few of their 'BFITW', they can buy at a discount now!

[Matthew Le God]

Not the impression I had got, what with a 'special BVI' account being set up!. According to a few of their 'BFITW', they can buy at a discount now!

 

Early bird renewals available from May 17 to June 21; online extension June 21 to June 27 on Ticketmaster. Early bird new applications July 5 to July 16; no online extension. Final phase from July 21 onwards. Only 5 per cent of season tickets in Family section.

 

Suggests 17th May.

[StuRomseySaint]

I haven't got time to write a huge message....

 

http://www.pompeymad.co.uk/index.htm

 

Click on that link, then check out who their terrace hero was, voted by their members in September 2009

 

I am off to change my trousers, I have just wet myself.

[trousers]

I've just read this , not for the first time mind, posted on FB one of our finest DW.

 

I just had to laugh at the Storrieteller's C.V. Again, lifted direct from Darren's posting on FB.

Quote.

 

Peter Storrie's C.V... West Ham, Notts County, Southend... all of which

are in financial trouble... Prior to that he was managing director of a

Swedish furniture company...That went bust... You couldn't make it

up....

 

Thanks for the laugh prior to I head off into bandit country!

 

Sorry, having a dim moment here....Who's Darren?

 

Mr Lowe's supposed adversary at the Daily Mail published the above today:

http://www.dailymail.co.uk/sport/football/article-1269042/Charles-Sale-FA-flop-search-40million-sponsor.html

[benjii]

I haven't got time to write a huge message....

 

http://www.pompeymad.co.uk/index.htm

 

Click on that link, then check out who their terrace hero was, voted by their members in September 2009

 

I am off to change my trousers, I have just wet myself.

 

:lol:

 

He is a football contracts expert though TBF and highly in demand in Government circles.

[Wes Tender]

Mr Peart said fans have nothing to worry about in handing over cash to the club, which is in administration.

 

'All the season ticket money will be put in a special account'.

 

LMAO.

 

This will be the same special account that the charity monies were paid into, no doubt.

[Gingeletiss]

Suggests 17th May.

 

Ah yes, but they will more than likely still be in administration, what say you?

[gaz]

Would I be right in thinking Chanrai has said to Comical Andy, that he shouldn't look that hard for a buyer, and when the magical date rolls around, he's gonna offer a certain amount to take them out of admin?

 

Thus, thats the figure Comical is working to, to calculate the CVA? And thus, all his efforts so far (inflating/creating debt to marginalise HMRC's postion) are to make sure that the whole situation gets to the point where Chanrai can make an offer?

[Matthew Le God]

Ah yes, but they will more than likely still be in administration, what say you?

 

Yes, but it is 11 days after the creditors meeting and things will be a lot clearer for better or more likely worse.

 

As for your original question if those in administration can sell season tickets. The answer is yes. Stockport have been in administration for well over a year and still sold tickets last summer.

 

Any Pompey fan would be foolish to buy a season ticket whilst in administration unless with a credit card(which would cover any loss if liquidation were to happen).