Jump to content

Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella
in Golden Posts

 Share

Recommended Posts

Torres

Torres

Posted
Posted
Surely that is the best possible outcome?

 

If you exit administration without a CVA agreed, HMRC will simply re-issue a winding-up petition and you'll be back to square one.

 

Fixed.

ringwood

ringwood

Posted
Posted
I think there are good grounds to win on the maniplulation CVA vote

I think there are good grounds to win on the fact that football creditors should not have been able to vote as they were secured creditors

I do not believe the football creditors rule will be decided today

 

We only need to win on one point to prevent the CVA.

 

But are they secured creditors? Only secured by using the PL parachute money, which HMRC are arguing is the clubs money but with in effect a restrictive covenant. The football creditors rule has no legal standing , its just that a 'rule' for a members club, hence HMRC stance on the case, I think that they will be allowed a vote , however that the money from the parachure payments if included in the CVA should go to all creditors as is the law.

 

Remember the judge deals with the LAW not members club RULES. I see only one winable argument today thats the voting and change in the figures between the proposal sent out and the actual CVA voted on.. I think the CVA will be rejected and they'll remain in ADMIN, however the judge may appoint an admin of his own due to AA's poor record

saint lard

saint lard

Posted
Posted

"Hello and welcome to The News' live coverage of day one in the High Court. I'm based at Hilsea towers and our reporters Chris Owen and David Hurley are at the High Court. They will be providing live updates.

I'll point out that Chris and David cannot see this screen, so will be unable to answer any of your questions.

But we hope that the information in court will be comprehensive enough to answer anything you'll need to know......"

 

Fire away with the questions guys.......

http://www.portsmouth.co.uk/custompages/custompage.aspx?pageid=82690

 

...

rallyboy

rallyboy

Posted
Posted

like many on here I need to go out and do some work now, I'm not expecting any serious activity today though I guess we might be treated to Sir George going mental at 10.30 when AA doesn't appear, I'll catch up later.

Last time this happened I had to plough through about seven pages - which for those simpletons who need a polite reminder, is what we do before posting links to 'breaking' stories that have been discussed at length for three days.

 

Here's to a good day for football and the ordinary taxpayer.

pedg

pedg

Posted
Posted

Was half wondering if the reports of AA still being on holiday were made up by the paper but still no sign of him so guess it must be true?

sidthesquid

sidthesquid

Posted
Posted

I think the issue with the football creditors is this,

Should someone who is guaranteed, by whatever means, to receive 100% of what is owed be allowed to vote on whether the remainder of creditors are prepared to accept 20% of their due. That cannot possibly be seen as fair.

tony13579

tony13579

Posted
Posted (edited)

I do not believe the HMRC should persue 100% payment. The tax man is en equal creditor with the exception of secured debt and staff wages

Edited by tony13579
saint lard

saint lard

Posted
Posted (edited)

Some of the comments of the live 'broadcast' from the skates are really quite deluded.imo.

Is that really David James sending his luck.

Edited by saint lard
tony13579

tony13579

Posted
Posted (edited)

http://www.portsmouth.co.uk/custompages/custompage.aspx?pageid=82690

The news wrote:

Chris: Hello from London.

Pompey chief executive David Lampitt has arrived at the High Court in

London for today's crunch clash between the club and the inland revenue.

As he passed waiting reporters he said he was feeling 'nervous' about the hearing.

 

David: The court hearing is scheduled to start at 10.30 and could last for two days.

 

10:54 Matthew: We're still waiting for the case to start. David and Chris will update when it does.
Edited by tony13579
Katalinic

Katalinic

Posted
Posted
Some of the comments of the live 'broadcast' from the skates are really quite deluded.imo.

Is that really David James sending his luck.

 

It is pure theatre...mostly of the vaudeville freak show variety. I am wondering whether to start winding them up though with a "come on HMRC" post.

Gingeletiss

Gingeletiss

Posted
Posted

LOve them, bless their fishy hearts!

 

 

[Comment From Beaver Beaver : ]

worst case scenario we go bust, take a 17 point drop and spend the £30 million CVA funds on new players then?

saintjay77

saintjay77

Posted
Posted

bbc_matt on twitter posted:

Alberto #Contador has just signed 4 Riis Cycling, apparently. Not a massive supprise.

My reply:

@bbc_matt shoulnt you be in court with a red and white scarf and pants not tweeting the news?

 

He must have gone in now cause I dont have a reply. lol

hypochondriac

hypochondriac

Posted
Posted

This is a vendetta by the English Establishment against Portsmouth FC and the city for daring to stick out and be radical and different. We must win or it's a case of 'Street Fighting Man' ! Play UP Pompey !

 

Lol

fish fingers

fish fingers

Posted
Posted

[Comment From richard richard : ]

This is a vendetta by the English Establishment against Portsmouth FC and the city for daring to stick out and be radical and different. We must win or it's a case of 'Street Fighting Man' ! Play UP Pompey !

 

:-)

miserableoldgit

miserableoldgit

Posted
Posted

This one`s a classic :- Comment From richard richard : ] This is a vendetta by the English Establishment against Portsmouth FC and the city for daring to stick out and be radical and different. We must win or it's a case of 'Street Fighting Man' ! Play UP Pompey !

Katalinic

Katalinic

Posted
Posted

"This is a vendetta by the English Establishment against Portsmouth FC and the city for daring to stick out and be radical and different. We must win or it's a case of 'Street Fighting Man' ! Play UP Pompey !"

 

Tell me this is one of you being ironic....???

brightspark

brightspark

Posted
Posted
bbc_matt on twitter posted:

Alberto #Contador has just signed 4 Riis Cycling, apparently. Not a massive supprise.

 

I think it's incredible news, considering that Riis has coached the Schleck brothers since they were beginners in the old CSC squad it is remarkable that as soon as his prodigy leaves he intends to be director to his greatest rival!

 

On more funny matters, the court case has apparently not started yet. Lots of people think an adjournment is on the cards.

 

"Case 2452. Stolen Car"

"ADJOURNED"

"Case 2453. Drug Deali-"

"ADJOURNED"

"Case 2454. Pompe-"

"WHAT THE F**K DON'T YOU GET IT!!! ADJOURNED"

OldNick

OldNick

Posted
Posted
This one`s a classic :- Comment From richard richard : ] This is a vendetta by the English Establishment against Portsmouth FC and the city for daring to stick out and be radical and different. We must win or it's a case of 'Street Fighting Man' ! Play UP Pompey !

 

Has a personality disorder Richard Richard lol.......wasnt one of Rick Mayalls numpties called Richie Rich?

EastleighSoulBoy

EastleighSoulBoy

Posted
Posted

Chris:

The hearing started briefly but was immediately adjourned for the judge, Mr Justice Mann, to read extra papers submitted by the inland revenue.

Before the hearing started there were no Pompey fans outside the court.

 

More complicated than was hoped for?

saint lard

saint lard

Posted
Posted

phpb1d6MqChris_Owen.jpgspacer.gif"Chris:

The hearing started briefly but was immediately adjourned for the judge, Mr Justice Mann, to read extra papers submitted by the inland revenue.

Before the hearing started there were no Pompey fans outside the court"

tony13579

tony13579

Posted
Posted

portsmouth news wrote

Chris: The hearing started briefly but was immediately adjourned for the judge, Mr Justice Mann, to read extra papers submitted by the inland revenue.

 

 

Before the hearing started there were no Pompey fans outside the court.

hypochondriac

hypochondriac

Posted
Posted

The hearing started briefly but was immediately adjourned for the judge, Mr Justice Mann, to read extra papers submitted by the inland revenue.

Before the hearing started there were no Pompey fans outside the court.

 

I hope it's a secret weapon!

anothersaintinsouthsea

anothersaintinsouthsea

Posted
Posted
The hearing started briefly but was immediately adjourned for the judge, Mr Justice Mann, to read extra papers submitted by the inland revenue.

Before the hearing started there were no Pompey fans outside the court.

 

I hope it's a secret weapon!

 

Best fans in the world....

saintjay77

saintjay77

Posted
Posted
bbc_matt on twitter posted:

Alberto #Contador has just signed 4 Riis Cycling, apparently. Not a massive supprise.

My reply:

@bbc_matt shoulnt you be in court with a red and white scarf and pants not tweeting the news?

 

He must have gone in now cause I dont have a reply. lol

 

I had a reply from him:

bbc_matt I might go tomorrow (theres a good chance it will spill over) then posts a link to a blog by someone.

 

Nothin in there that we dont know already but there is a bit from some finacial expert that thinks all is not clear cut and pompy are in serious poop.

 

Probably already posted while I type this but the live feed says case is adjourned for the judge to read extra papers submitted by the tax man.

brightspark

brightspark

Posted
Posted
They won't show my messages

 

Anything that even dares to suggest the few are in the wrong is not posted. After all, if it isn't what they want to hear, they decide it doesn't exist! Common practice in Skatesmuff!

Saint_Ash

Saint_Ash

Posted
Posted

Blinding move by the HMRC! The pompey side must be shyting it, trying to look over the Judges shoulder wondering "What's that, what is it, show us..."

 

Keeping them on their toes! Like it!

saintjay77

saintjay77

Posted
Posted
They won't show my messages

 

I posted as BlueJay asking if Handy Andy will be at court today. Not seen that come up either. figured I would get in with a few posts to gain there trust but getting no-where fast lol.

saintjay77

saintjay77

Posted
Posted
Blinding move by the HMRC! The pompey side must be shyting it, trying to look over the Judges shoulder wondering "What's that, what is it, show us..."

 

Keeping them on their toes! Like it!

 

Doesnt a copy get given to the skates at the same time?

 Share
Go to topic listing
×
×
  • Create New...