Pompey Takeover Saga

[Joey-deacons-left-nut]

On the other hand Nickh, why would someone who has made his name as the Elliot Ness of the FA go and work for the Al Capone of football ?

 

Why do you think??

[bridge too far]

Why do you think??

 

I'm with you on this one - in fact I posted as much yesterday.

 

AA may put whatever spin he likes on this; I think that David Lampitt has been IMPOSED on PFC to sniff out what's been going on.

[OldNick]

I'm with you on this one - in fact I posted as much yesterday.

 

AA may put whatever spin he likes on this; I think that David Lampitt has been IMPOSED on PFC to sniff out what's been going on.

That could be the case,but if so why not immediately so he could get to the info before any of the computers emails etc could have been accidently damaged or destroyed?

It has been months for any evidence of wrongdoing coulod have been lost.

[Wes Tender]

That could be the case,but if so why not immediately so he could get to the info before any of the computers emails etc could have been accidently damaged or destroyed?

It has been months for any evidence of wrongdoing coulod have been lost.

 

I agree. I can't really see a plausible explanation as to why an FA high flyer would particularly wish to take over at Pompey. Even now, their position is precarious and either HMRC or unsecured creditors could refuse the CVA. Presumably Lampitt has a good idea what would come Pompey's way in points deductions either for their financial state, or in the event of criminal charges arising from Storrie, Redcrapp and Mandaric's court visits. He takes a gamble also, purely on the Android's word, that the running of the club is sustainable on players' wages of £10 million a year.

 

Looking at the situation dispassionately, why is a chief executive being appointed at this stage anyway, before the CVA has been approved, or a buyer found for the club? A new owner would appoint his own chief executive, suggesting that there will be no new owner and that Chainrai has approved this appointment. And the usual situation is surely that the administrator acts as chief executive until such times as the club exits administration.

 

If the FA wished there to be a forensic examination into the club's financial affairs, I would have thought that they had the power to have brought that about anyway, under threat of throwing the Skates out of British football unless they co-operated.

 

It is all very curious and I am not at the least bit surprised that conspircy theories abound in an attempt to explain it.

[miserableoldgit]

I'm with you on this one - in fact I posted as much yesterday.

 

AA may put whatever spin he likes on this; I think that David Lampitt has been IMPOSED on PFC to sniff out what's been going on.

There was a link to an interesting blog that indicated that this was the case, posted on here a week or to back. Can`t find it now though.

[suewhistle]

It is all very curious and I am not at the least bit surprised that conspircy theories abound in an attempt to explain it.

 

Well, I'm normally not one for conspiracy theories: I tend to go for incompetency theories for most thing in life. In this case I'll go for both!

 

What is interesting is that the questions we are asking aren't being asked anywhere else, as far as I can see. Surely there must be the odd journalist who is wondering about the FA guy, so why the silence? Must be a schedule D notice!

[St Marco]

Maybe he is being apointed to make sure any money from transfers is actually used to pay debts rather then just vanish like the rest of the money. I think he is there to watch the Android and make sure the deals are legit. After all the guy negotiating the deals is actually facing criminal charges for being dodgy over transfers in the past. It is like having a pie thief running your pie shop! You just know he is going to steal a pie!

[mack rill]

Yes why would an FA functionary leave a very safe job and fill one that in theory could be liquidated. IMO it is all a massive cover up and too many people in powerful places are twitching at the thought of the info coming out into the open.

Of course things and my opinion may change if the FL are tough on them.At present i dont think they will be , but i hope to be proved wrong. Even if Pompey get -10 or more they still have not had true justice, and as time goes by the penalty they receive our targets are getting lower. No mention of toast or BSL, but perhaps a 10 point penalty.

 

Nickh! \nickh\ Nicky boy, We have had points penalty for being Nawty,

Unlike you Pony fiddlers we didnee try to pull a fast one. The ruddy faced one thought he could get away with it as he had made a phux par with the cut off date to slip the chit in.

[Colinjb]

Unlike you Pony fiddlers we didnee try to pull a fast one.

 

 

Oh my oh my oh my.

[OldNick]

Nickh! \nickh\ Nicky boy, We have had points penalty for being Nawty,

Unlike you Pony fiddlers we didnee try to pull a fast one. The ruddy faced one thought he could get away with it as he had made a phux par with the cut off date to slip the chit in.

you had points deduction but it was not a penalty. i will take a penalty like that if it means the club playing a team of internationals , wembley fa cup final appearances etc and then take the points deduction that made no effect either. You went down by 14 or 15 points and so no penalty.

I know you are saying this tongue in cheek, it is shameful ( I was shamed when we stole from small businesses as well, not in your league though) that nobody seems to care except us who obviously want you to feel the pain as you are our rivals.Who has questioned the debt jumping from 60m when it went in front of the judge to 138 a few weeks later when it didnt matter as you had been reprieved.

[Lets B Avenue]

Nickh! \nickh\ Nicky boy, We have had points penalty for being Nawty,

Unlike you Pony fiddlers we didnee try to pull a fast one.

 

More like a fast 138.

[Micky]

Nickh! \nickh\ Nicky boy, We have had points penalty for being Nawty,

Unlike you Pony fiddlers we didnee try to pull a fast one. The ruddy faced one thought he could get away with it as he had made a phux par with the cut off date to slip the chit in.

 

And therein lies the root of the problem, the reason that all right minded fans are looking at PFC now and seeing a pile of dogs shyte.

 

Yes - we did try to pull a fast one, yes we got caught, yes we put our hands up and admitted the guilt, yes we then unloaded a whole host of our best players to right the wrong, and yes we took our bitter medicine and payed a heavy price. By so doing we have regained a little of our self respect and have a brighter future.

 

Not only did you 'pull a fast one', you are still pulling it and getting away with it, effectively sticking 2 fingers up at the establishment and saying that you couldn't give a toss. Your debts are astronomical because you employed players that you patently could not afford. You cheated every single team you played, you now want to right that wrong by way of a CVA amounting to a pitance over a protracted period of time - nice ethics, real nice.

 

The whole situation is obscene for so many reasons - I don't want you to 'die', I don't want you to even go out of business, couldn't really care if you don't get any points deducted this coming season, wouldn't actually give a toss if you got promoted back to the Premiership. Throughout this whole sorry mess your Chairmen, Board, Manager and players have bleated how it is not thier fault - it is nobodies fault, nobody with the balls to take the blame. At least when our club went under those at the top had the good grace to clear their desks and leave quietly. What did yours do?

 

If you cannot see why the flippancy in your remark (be it tongue in cheek or not) causes outrage amongst real football fans, then I suggest you take a trip to Selhurst Park and see how life is in the real world. I am very proud of my club, are you?

[NickG]

For the last 6 years skates have finished higher than us in football league.

 

Before that the last time was 1960.

 

They will again next season (hopefully only by one place).

 

Making it at least 7 years in last 51 years.

 

How long until we are the better side and how will we last another 50 years of supremacy over them?

[Matthew Le God]

Nickh! \nickh\ Nicky boy, We have had points penalty for being Nawty,

Unlike you Pony fiddlers we didnee try to pull a fast one. The ruddy faced one thought he could get away with it as he had made a phux par with the cut off date to slip the chit in.

 

If you are bringing up the holding company, it was set up 7 YEARS before the insolvency rules made by the Football League.

 

You can't be accused of trying to exploit a loophole if you did it 7 YEARS before the law was even made.

[spyinthesky]

For the last 6 years skates have finished higher than us in football league.

 

Before that the last time was 1960.

 

They will again next season (hopefully only by one place).

 

Making it at least 7 years in last 51 years.

 

How long until we are the better side and how will we last another 50 years of supremacy over them?

 

I think you will also find that in the past 50 yrs, Pompey have only had a bigger average attendance higher than ours in 3 seasons, that despite having a larger capacity ground until we moved to St Marys

[Wade Garrett]

Nickh! \nickh\ Nicky boy, We have had points penalty for being Nawty,

Unlike you Pony fiddlers we didnee try to pull a fast one. The ruddy faced one thought he could get away with it as he had made a phux par with the cut off date to slip the chit in.

 

I guess you were educated in Portsmouth as well?

[EastleighSoulBoy]

That could be the case,but if so why not immediately so he could get to the info before any of the computers emails etc could have been accidently damaged or destroyed?

It has been months for any evidence of wrongdoing coulod have been lost.

 

It could be construed this way:

 

They are all in the doo doos, right up to their slimy necks.

 

He is being seen to be imposed on them. In all reality it is so that he can ensure there are no loose ends, skeletons rattling around etc. etc. etc. So as not to implicate anyone remotely connected to the lillywhite PL!

[Dark Munster]

Nickh! \nickh\ Nicky boy, We have had points penalty for being Nawty,

Unlike you Pony fiddlers we didnee try to pull a fast one. The ruddy faced one thought he could get away with it as he had made a phux par with the cut off date to slip the chit in.

That's what he wants us to believe. No we didn't try to pull a fast one, and I'm sure he didn't really think we would get away with it. It would've been easy to go into administration a few days earlier. But to most of us, it is transparently obvious the ruddy-faced bastard, knowing he wouldn't be allowed to stay on, deliberately waited until a few days after the cutoff date to give us a parting "gift" of -10 for the next season. A purely spiteful action toward Saints fans .... something a skate would've been proud of. :cool:

[Dark Munster]

Posrtsmouth have the parachute payments though. That's the big difference.

 

Agreed. And if there were other creditors out there who have watertight claim to the parachute payments, Chainrai and AA wouldn't be around.

 

As for the unsecured creditors refusing the 20p in the pound, while Chainrai and co. get their dirty hands on the parachute payments, I can only surmise that AA has told them (the unsecured creditors) "take the 20p or we'll liquidate and you'll get nothing."

 

If so, I just hope HMRC and the others call his bluff.

 

 

CHEATING BASTARDS

[JackFrost]

Agreed. And if there were other creditors out there who have watertight claim to the parachute payments, Chainrai and AA wouldn't be around.

 

As for the unsecured creditors refusing the 20p in the pound, while Chainrai and co. get their dirty hands on the parachute payments, I can only surmise that AA has told them (the unsecured creditors) "take the 20p or we'll liquidate and you'll get nothing."

 

If so, I just hope HMRC and the others call his bluff.

 

 

CHEATING BASTARDS

 

Pompey don't have the first two years of the parachute money. It's being distributed directly to the creditors

[Saint Without a Halo]

Nickh! \nickh\ Nicky boy, We have had points penalty for being Nawty,

Unlike you Pony fiddlers we didnee try to pull a fast one. The ruddy faced one thought he could get away with it as he had made a phux par with the cut off date to slip the chit in.

 

Bit like your lot with the UEFA application then!

[Corporate Ho]

Jesus Christ. Are you obsessed gimps still going on with this? PMSL

 

I see Nick Nack's still banging on about Dave Richards introducing Fahim to PFC when it's been explained God knows how many times that he didn't and just happened to be at the same game (the PL Chairman at the Champs League final when an English club were playing - why on earth would he be there? Must be a conspiracy).

 

In fact despite being the most up your own arses group of football fans I've ever seen, constantly banging on about how "this forum got it right all along" you've thrown (and continue to throw) so many theories around between you that a couple of them had to hit the mark. Possibly funniest of all, you now no longer seem to be sure yourselves who you're aiming at. In fact, you seem to be arriving at a consensus that Pompey fans arrived at months ago - that Chainrai and Andronikou are doing all they can to weasel away as much cash from the club as they can.

 

Which means, that PFC aren't the "cheats" but are the ones being cheated. And, reading the posts on here, and possibly without you gormless ****ing imbeciles realising it, you believe PFC have been wronged.

 

Give up girls. Move on FFS

[Pugwash]

Has Riquelme signed yet?

[benjii]

Jesus Christ. Are you obsessed gimps still going on with this? PMSL

 

I see Nick Nack's still banging on about Dave Richards introducing Fahim to PFC when it's been explained God knows how many times that he didn't and just happened to be at the same game (the PL Chairman at the Champs League final when an English club were playing - why on earth would he be there? Must be a conspiracy).

 

In fact despite being the most up your own arses group of football fans I've ever seen, constantly banging on about how "this forum got it right all along" you've thrown (and continue to throw) so many theories around between you that a couple of them had to hit the mark. Possibly funniest of all, you now no longer seem to be sure yourselves who you're aiming at. In fact, you seem to be arriving at a consensus that Pompey fans arrived at months ago - that Chainrai and Andronikou are doing all they can to weasel away as much cash from the club as they can.

 

Which means, that PFC aren't the "cheats" but are the ones being cheated. And, reading the posts on here, and possibly without you gormless ****ing imbeciles realising it, you believe PFC have been wronged.

 

Give up girls. Move on FFS

 

Oh look, it's the world's biggest ****. Someone who, no doubt, has very few friends and is disliked by virtually everyone who knows him.

[Wes Tender]

Jesus Christ. Are you obsessed gimps still going on with this? PMSL

 

I see Nick Nack's still banging on about Dave Richards introducing Fahim to PFC when it's been explained God knows how many times that he didn't and just happened to be at the same game (the PL Chairman at the Champs League final when an English club were playing - why on earth would he be there? Must be a conspiracy).

 

In fact despite being the most up your own arses group of football fans I've ever seen, constantly banging on about how "this forum got it right all along" you've thrown (and continue to throw) so many theories around between you that a couple of them had to hit the mark. Possibly funniest of all, you now no longer seem to be sure yourselves who you're aiming at. In fact, you seem to be arriving at a consensus that Pompey fans arrived at months ago - that Chainrai and Andronikou are doing all they can to weasel away as much cash from the club as they can.

 

Which means, that PFC aren't the "cheats" but are the ones being cheated. And, reading the posts on here, and possibly without you gormless ****ing imbeciles realising it, you believe PFC have been wronged.

 

Give up girls. Move on FFS

If this thread bothers you so much, don't attend. Simple really for one as intelligent as your good self.

 

Of course, I was being sarcastic, but I'm sure you worked that out for yourself.

[CB Fry]

Jesus Christ. Are you obsessed gimps still going on with this? PMSL

 

I see Nick Nack's still banging on about Dave Richards introducing Fahim to PFC when it's been explained God knows how many times that he didn't and just happened to be at the same game (the PL Chairman at the Champs League final when an English club were playing - why on earth would he be there? Must be a conspiracy).

 

In fact despite being the most up your own arses group of football fans I've ever seen, constantly banging on about how "this forum got it right all along" you've thrown (and continue to throw) so many theories around between you that a couple of them had to hit the mark. Possibly funniest of all, you now no longer seem to be sure yourselves who you're aiming at. In fact, you seem to be arriving at a consensus that Pompey fans arrived at months ago - that Chainrai and Andronikou are doing all they can to weasel away as much cash from the club as they can.

 

Which means, that PFC aren't the "cheats" but are the ones being cheated. And, reading the posts on here, and possibly without you gormless ****ing imbeciles realising it, you believe PFC have been wronged.

 

Give up girls. Move on FFS

 

 

Tell us again about how you have less debt than almost any other club in the Prem. That was just brilliant. And how right you were.

[tony13579]

I would agree that Pompey fans are being cheated financially. But on the pitch you have cheated by playing players you can't afford and shouldn't have. On a possitive side you have had world class players to watch for a couple of years and only paid a fraction of what they realy cost. I guess the pay back will be the next 5 years, enjoy the trip.

[Appy]

Jesus Christ. Are you obsessed gimps still going on with this? PMSL

 

I see Nick Nack's still banging on about Dave Richards introducing Fahim to PFC when it's been explained God knows how many times that he didn't and just happened to be at the same game (the PL Chairman at the Champs League final when an English club were playing - why on earth would he be there? Must be a conspiracy).

 

In fact despite being the most up your own arses group of football fans I've ever seen, constantly banging on about how "this forum got it right all along" you've thrown (and continue to throw) so many theories around between you that a couple of them had to hit the mark. Possibly funniest of all, you now no longer seem to be sure yourselves who you're aiming at. In fact, you seem to be arriving at a consensus that Pompey fans arrived at months ago - that Chainrai and Andronikou are doing all they can to weasel away as much cash from the club as they can.

 

Which means, that PFC aren't the "cheats" but are the ones being cheated. And, reading the posts on here, and possibly without you gormless ****ing imbeciles realising it, you believe PFC have been wronged.

 

Give up girls. Move on FFS

 

Are you still coming on our board to check?

 

We're the pathetic ones. Hmm

[NickG]

For the last 6 years skates have finished higher than us in football league.

 

Before that the last time was 1960.

 

They will again next season (hopefully only by one place).

 

Making it at least 7 years in last 51 years.

 

How long until we are the better side and how will we last another 50 years of supremacy over them?

 

Jesus Christ. Are you obsessed gimps still going on with this? PMSL

 

I see Nick Nack's still banging on about Dave Richards introducing Fahim to PFC when it's been explained God knows how many times that he didn't and just happened to be at the same game (the PL Chairman at the Champs League final when an English club were playing - why on earth would he be there? Must be a conspiracy).

 

In fact despite being the most up your own arses group of football fans I've ever seen, constantly banging on about how "this forum got it right all along" you've thrown (and continue to throw) so many theories around between you that a couple of them had to hit the mark. Possibly funniest of all, you now no longer seem to be sure yourselves who you're aiming at. In fact, you seem to be arriving at a consensus that Pompey fans arrived at months ago - that Chainrai and Andronikou are doing all they can to weasel away as much cash from the club as they can.

 

Which means, that PFC aren't the "cheats" but are the ones being cheated. And, reading the posts on here, and possibly without you gormless ****ing imbeciles realising it, you believe PFC have been wronged.

 

Give up girls. Move on FFS

 

Ho,

When do you reckon?

[sidthesquid]

Oh no! Handy Andy in not telling the truth shocker....

 

http://www.portsmouth.co.uk/frattonlatest/Coyle-denies-making-Nugent-bid.6334414.jp

[JustMike]

Jesus Christ. Are you obsessed gimps still going on with this? PMSL

 

I see Nick Nack's still banging on about Dave Richards introducing Fahim to PFC when it's been explained God knows how many times that he didn't and just happened to be at the same game (the PL Chairman at the Champs League final when an English club were playing - why on earth would he be there? Must be a conspiracy).

 

In fact despite being the most up your own arses group of football fans I've ever seen, constantly banging on about how "this forum got it right all along" you've thrown (and continue to throw) so many theories around between you that a couple of them had to hit the mark. Possibly funniest of all, you now no longer seem to be sure yourselves who you're aiming at. In fact, you seem to be arriving at a consensus that Pompey fans arrived at months ago - that Chainrai and Andronikou are doing all they can to weasel away as much cash from the club as they can.

 

Which means, that PFC aren't the "cheats" but are the ones being cheated. And, reading the posts on here, and possibly without you gormless ****ing imbeciles realising it, you believe PFC have been wronged.

 

Give up girls. Move on FFS

 

now this is what you fishy few should do. Tick Tock

 

CHEATS

[Wes Tender]

Jesus Christ. Are you obsessed gimps still going on with this? PMSL

 

I see Nick Nack's still banging on about Dave Richards introducing Fahim to PFC when it's been explained God knows how many times that he didn't and just happened to be at the same game (the PL Chairman at the Champs League final when an English club were playing - why on earth would he be there? Must be a conspiracy).

 

In fact despite being the most up your own arses group of football fans I've ever seen, constantly banging on about how "this forum got it right all along" you've thrown (and continue to throw) so many theories around between you that a couple of them had to hit the mark. Possibly funniest of all, you now no longer seem to be sure yourselves who you're aiming at. In fact, you seem to be arriving at a consensus that Pompey fans arrived at months ago - that Chainrai and Andronikou are doing all they can to weasel away as much cash from the club as they can.

 

Which means, that PFC aren't the "cheats" but are the ones being cheated. And, reading the posts on here, and possibly without you gormless ****ing imbeciles realising it, you believe PFC have been wronged.

 

Give up girls. Move on FFS

 

What is really amusing is that there are some from this forum who post on the Skate's forum under aliases. They tell it how it is with the Skates, warts and all and are lauded as sage and knowledgeable. Naturally, if it became known that they were Saints fans, then they would be called Scummers and told to F off. I suspect that some of that consensus that was arrived at by Skates on your forums was instigated by Saints posters incognito.

[OldNick]

I see Nick Nack's still banging on about Dave Richards introducing Fahim to PFC when it's been explained God knows how many times that he didn't and just happened to be at the same game (the PL Chairman at the Champs League final when an English club were playing - why on earth would he be there? Must be a conspiracy).

as with all your other statements you are again wrong. It was widely reported in the press that DR introduced Al Fahim. Nothing to do with only being at a match.One of the Red tops made a big thing of it at the time. Of course then he was delighted to be seen with the man and happy to be seen as introducing him.

How is the training ground and the new stadium, the bulldozers had started, also your s/t sales you were in the know last season Lol.

[Red and White Army]

What happened in court last Friday with Redkrapp and Storie teller?

[lumuah]

It was widely reported in the press that DR introduced Al Fahim. Nothing to do with only being at a match.One of the Red tops made a big thing of it at the time. .

 

This?:

 

http://www.mirror.co.uk/sport/football/premier-league/2009/06/14/storrie-backs-up-richards-115875-21439031/

 

The pages from the Sun online have been deleted unfortunately.

[OldNick]

This?:

 

http://www.mirror.co.uk/sport/football/premier-league/2009/06/14/storrie-backs-up-richards-115875-21439031/

 

The pages from the Sun online have been deleted unfortunately.

Lumuah, thanks for that, I think alos the Sun and NOTW also did something as well. Appreciate the trouble you took

[Wes Tender]

Tried to keep up with news on Saints and Skates via News Now, but seems they have had website problems. But having just got through, I can convey the good news that the Skates are now no longer listed officially as a Premiership club.

[OldNick]

Tried to keep up with news on Saints and Skates via News Now, but seems they have had website problems. But having just got through, I can convey the good news that the Skates are now no longer listed officially as a Premiership club.

they have only been listed as a PL club, in no other way could they be counted as so.

I did find it amusing that when I saw on Sky the attendance averages that Wigan of the South and Wigan of the North were the bottom 2 clubs in that list.

[sidthesquid]

Tried to keep up with news on Saints and Skates via News Now, but seems they have had website problems. But having just got through, I can convey the good news that the Skates are now no longer listed officially as a Premiership club.

 

Just been for a look. The Prem just looks a littlle less soiled, somehow

[tony13579]

http://www.financialdirector.co.uk/accountancyage/news/2263990/hmrc-lines-football-creditor

Breaking news: HMRC tackles Premier League football creditor rule

 

Rachael Singh, Accountancy Age, 02 Jun 2010

Taxman issues writ against Premier League, aiming a kick at the controversial football creditor rule

 

The taxman is taking the Premier League to court in what is another attack by HM Revenue & Customs against the controversial football creditors rule.

 

Accountancy Age has learned that HMRC filed a legal writ against the Premier League on 18 May.

 

Currently if a club enters administration they are bound by the football creditors rule, meaning some creditors such as players and managers will be paid in full from the administration and the remaining payments divided between the unsecured creditors including HMRC.

 

The tax office said that due to the duty of confidentiality it could not comment on individual cases, but made no secret of its disdain for the football creditors rule, labeling it "unlawful".

 

"HMRC‘s view is that there is nothing in insolvency legislation that provides for unsecured debts due to “football creditors” to be paid in preference to other unsecured creditors such as HMRC.

 

"Our view is that the practical application of the so called 'Football Creditors Rule' may be unlawful. We have nothing further to add at this stage."

 

In the Portsmouth administration the football creditors are expected to receive their full repayment of £22.4m funded by the Premier League’s deductions in the club's allocated TV revenue. However, unsecured creditors who are owed an estimated £83m are expected to be repaid around £16.5m over the lifetime of the CVA - usually five years.

 

In the CVA proposal document administrators claim that HMRC is taking action against the unfair advantages by football creditors.

 

"It is understood that a separate action is being initiated by HMRC against the football creditors rule, it is therefore not intended that a challenge to the football creditor rule will be undertaken by the future liquidators of the original company," it said.

 

The Premier League declined to comment on the details of the legal case.

[Matthew Le God]

That is an interesting twist.

[mack rill]

Bit like your lot with the UEFA application then!

 

That was all down to that slippery **** who calls himself an administrator

 

The only Europe we can afford is a pavement pizza down the china lady;)

[tony13579]

Its taken two weeks to leak out. add it togetther with the PL imposing the limpitt.

 

"Why on earth else would the guy at the FA responsible for policing clubs end up running Pompey.

"

 

Originally Posted by bridge too far

I'm with you on this one - in fact I posted as much yesterday.

 

AA may put whatever spin he likes on this; I think that David Lampitt has been IMPOSED on PFC to sniff out what's been going on.

 

the dots are indeed begining to join up

[landford.saint]

How would this affect debtors voting for/against CVA? Knowing this is in the legal syst should have some affect surely?

[sidthesquid]

Clever person please translate....

 

In the CVA proposal document administrators claim that HMRC is taking action against the unfair advantages by football creditors.

 

"It is understood that a separate action is being initiated by HMRC against the football creditors rule, it is therefore not intended that a challenge to the football creditor rule will be undertaken by the future liquidators of the original company," it said.

 

Also, the nickh conspiracy theorist in me wonders why they have chosen the 18th of June when the CVA meeting is on 17th

[holepuncture]

Clever person please translate....

 

In the CVA proposal document administrators claim that HMRC is taking action against the unfair advantages by football creditors.

 

"It is understood that a separate action is being initiated by HMRC against the football creditors rule, it is therefore not intended that a challenge to the football creditor rule will be undertaken by the future liquidators of the original company," it said.

 

Also, the nickh conspiracy theorist in me wonders why they have chosen the 18th of June when the CVA meeting is on 17th

 

lovely! Reject skate cva on the 17th, and sling the cheats back into court.

 

Challenge footy creditor rule against the prem , as they have done so to no avail against the FL, but this time win...

 

Hmrc and other unsecureds take majority of skate parachute payment, the gun runners etc get foiled.

 

By the time all this is done and dusted the new season is underway and as the cva is still open, skates get -15 start.

 

Beautiful!

[JackFrost]

So it appears whatever is up the sleeve of HMRC is starting to materialise. . .

[fromdayone]

Telegraphs take;

 

http://www.telegraph.co.uk/sport/football/leagues/premierleague/7797884/Premier-League-and-Football-League-issued-writ-by-taxman-to-oveturn-creditors-rule.html

[Gingeletiss]

So it appears whatever is up the sleeve of HMRC is starting to materialise. . .

 

tbf, I have said all along, that HMRC will have more to say on the subject. Lets hope that this is now, the fat lady's final performance;)

[EastleighSoulBoy]

Pompey don't have the first two years of the parachute money. It's being distributed directly to the creditors

 

Didn't they, at some time during all this nefarious activity, actually mortgage some future payments against a loan? Maybe not parachute payments?