pedg Posted 23 January, 2012 Share Posted 23 January, 2012 Wonder if any Saints fans will be on the jury Only if they lie about the team they support! Link to comment Share on other sites More sharing options...
Wurzel Posted 23 January, 2012 Share Posted 23 January, 2012 I love the irony that just before Christmas we went on a Ghost Tour Walk (recommend it by BTW, entertaining evening) around old Portsmouth. It took us past this. Link to comment Share on other sites More sharing options...
Brizzie Saints Posted 23 January, 2012 Share Posted 23 January, 2012 I love the irony that just before Christmas we went on a Ghost Tour Walk (recommend it by BTW, entertaining evening) around old Portsmouth. It took us past this. Perhaps they'll put one up outside the high court marking the date they were liquidated. Link to comment Share on other sites More sharing options...
saintjay77 Posted 23 January, 2012 Share Posted 23 January, 2012 Ho, you make some valid points, but I don't think teams like Bolton and Sunderland were spunking £50k + per week on players who were never worth it in the first place. Two, maybe three people to blame - Good ol Arry, Storrieteller and Mandaric - the holy threesome who started the rot. Gaydamak and the rest just kept it rolling. A bit like Nigel's bus without the financial nous. Sunderland has a massive following and I think Bolton have bigger income thatn Pompey though. Its all well and good the Ho comparing pompeys debt with other teams but he is comparing them with established Prem teams with half decent grounds and good support, he should be compating them with lower league 1 teams who dont tend to have the same debt levels as the ho claims were OK for that sized club. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 23 January, 2012 Share Posted 23 January, 2012 Perhaps Arry's wearing this in court so the jury know which one is which... Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 23 January, 2012 Share Posted 23 January, 2012 ... Link to comment Share on other sites More sharing options...
trousers Posted 23 January, 2012 Share Posted 23 January, 2012 pn_neil_allen Neil Allen Had it confirmed to me by the man himself that @Joseph_Cala is actually a fake account. Shame. He does not use Twitter. #Pompey 7 minutes ago Link to comment Share on other sites More sharing options...
trousers Posted 23 January, 2012 Share Posted 23 January, 2012 Pearcesport James Pearce Potential jurors told defendants well known football personalities + they must declare if they've strong feelings about defendants' clubs 1 minute ago Link to comment Share on other sites More sharing options...
grammy Posted 23 January, 2012 Share Posted 23 January, 2012 You're missing a couple of very basic points though FC. When we were in the PL most Pompey fans were crying out for a new ground and training facilities to be built. Also, ref the debt, the PL is built on debt. Most mid table PL clubs at the time Pompey were there had debt levels very similar to us, as the David Conn article I've posted several times proves. If we won the cup because we had an unfair advantage why haven't teams like Bolton, Wigan, Villa, West Ham, Everton Sunderland (and on and on) won the cup because all of them had debt levels similar to Pompey's and most had similar wages to turnover ratios. The issue here (that should be addressed by the FL and PL) is to stop owners loading debt onto clubs. Our debt levels increased dramatically despite (as, again I've said beore) selling over £70m worth of players. Even allowing for agents fees and paying loyalty bonuses how did that happen without the club being the victim of dodgy dealing? This board is full of gloating but you're club could see it happen to them too. All it takes is for the Liebherr's to decide to sell and you could have the next Carson Yeung at the helm One big difference Ho. Those clubs you mention do not see paying tax as an optional extra but a LEGAL REQUIREMENT! Also not seen any publicity about them ripping off charities,schools and numerous companies. Your infested little ****hole of a club are a feckin disgrace! Link to comment Share on other sites More sharing options...
Lord Duckhunter Posted 23 January, 2012 Share Posted 23 January, 2012 Saw this post on another forum. Dont know how true it is, but it seems pretty genuine to me. "For my sins, Insolvency is my line of work. Lots of points have been raised on here which, when looked at logically would seem to hold water but are in fact incorrect. When an entity enters into a formal arrangement, in this case a CVA, the purpose is to deliver a clean slate. This is delivered by structuring an agreed schedule of repayments for the benefit of all creditors. In any business other than football, the principle of Pari Passu is used meaning that each creditor gets paid precisely the same percentage of what they are owed. Of course in football, all football related debts are satisfied in full first (wrong but irrelevant here). So, the debts that the CVA cover effectively disappear. This means that PFC had no debts whatsoever as soon as the CVA was agreed. However, they also had no assets either as these would all have formed a part of the CVA as security against it failing so those who have said that assets would be sold prior to liquidation are in theory correct - the trouble is, there are none any more as they are already "owned" by existing creditors. As the club started with a clean slate but no assets and very little working capital, it was clearly living hand to mouth; in much the same way as most households live from pay-day to pay-day. So, now that NICS have gone down the pan, there simply isn't another pay-day on the horizon. If you consider that higher rate income tax runs at 50%, then an unpaid tax bill of £800k relates to a wage bill of only £1.6m. That really isn't an excessive salary bill for a Championship team - until you run out of cash of course! That said, the situation is tremendously serious for two reasons. The first is that the CVA will have to be paid monthly. If there isn't enough cash to pay the £800k tax, there's no way there will be enough to pay an extra £1.2m for that unless someone with heavyweight cash gets involved. If the CVA fails, a term of it will be the winding up of the business. The second is that there is an extremely aggressive creditor involved in the form of HMRC. In my entire career, they are still the only creditor that I have seen take action on principle. In other words, deliberately take steps to close a firm even if it means they lose out on cash. They already have the bit between their teeth, hate the football rules and are looking to set an example." Link to comment Share on other sites More sharing options...
trousers Posted 23 January, 2012 Share Posted 23 January, 2012 At ease.... DavidhBrown David Brown Harry #Redknapp, Milan #Mandaric tax evasion trial not to start until 2pm 33 seconds ago Link to comment Share on other sites More sharing options...
bridge too far Posted 23 January, 2012 Share Posted 23 January, 2012 Pearcesport James Pearce We now have a jury. They've been sworn in. 8 men and 4 women Come on sisters - you can do it! Link to comment Share on other sites More sharing options...
trousers Posted 23 January, 2012 Share Posted 23 January, 2012 DavidhBrown David Brown Jury in Harry #Redknapp trial hears he opened Monaco bank account to receive $145,000 and $150,000 as "reward for services" at Pompy 38 seconds ago Link to comment Share on other sites More sharing options...
trousers Posted 23 January, 2012 Share Posted 23 January, 2012 Pearcesport James Pearce We now have a jury. They've been sworn in. 8 men and 4 women Come on sisters - you can do it! Hmmmm......4 jurors that'll know nothing about football....can that be a good thing....? ;-) Link to comment Share on other sites More sharing options...
pedg Posted 23 January, 2012 Share Posted 23 January, 2012 We now have a jury. They've been sworn in. 8 men and 4 women Any news who is on the subs bench? Link to comment Share on other sites More sharing options...
trousers Posted 23 January, 2012 Share Posted 23 January, 2012 DavidhBrown David Brown Harry #Redknapp and Milan #Mandaric behind bullet-proof glass in dock but door left open as judge orders jury not to research on internet. What! They can't even look at this thread? Damn...! :-) Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 23 January, 2012 Share Posted 23 January, 2012 Pearcesport James Pearce We now have a jury. They've been sworn in. 8 men and 4 women Come on sisters - you can do it! Trouble with this one is that you'd have to live under a stone to not have a view on Henry..thankless task really. Jurors....? Ian Darke, Sherlock Holmes, Conan Doyle, Frederick Dinenage, Rupert Murdoch, Dave Benson-Phillips, Mick Robertson, Tommy Boyd Louise Redknapp, Amanda Lamb, Denise Black, Caroline Dinenage. Yep...fair trial. Hehe...just seen this for the first time too... http://uncyclopedia.wikia.com/wiki/Portsmouth#Celebrities Link to comment Share on other sites More sharing options...
trousers Posted 23 January, 2012 Share Posted 23 January, 2012 @pn_neil_allen: Appleton braces himself for player sales and admits he had also been kept in the dark over tax bill. http://t.co/j451N14V Link to comment Share on other sites More sharing options...
Jones91 Posted 23 January, 2012 Share Posted 23 January, 2012 Can the outcome of this court case affect pompey in any way? Link to comment Share on other sites More sharing options...
pedg Posted 23 January, 2012 Share Posted 23 January, 2012 So are they or are they not allowed to sell players now they are subject to a winding up order? http://www.mirrorfootball.co.uk/news/Portsmouth-Michael-Appleton-told-he-must-sell-players-or-see-club-go-bust-article856467.html Portsmouth boss Michael Appleton has been told to sell his best players this month to stop the club going bust.[url=http://www.mirrorfootball.co.uk/news/Portsmouth-Michael-Appleton-told-he-must-sell-players-or-see-club-go-bust-article856467.html][/url] Link to comment Share on other sites More sharing options...
saintjay77 Posted 23 January, 2012 Share Posted 23 January, 2012 Can the outcome of this court case affect pompey in any way? It was thought that the payments were nothing to do with the club so it would of been no, but the prosecution is claiming they were payments relating to do with the work at pompey so I suppose if proven guilty the FL can take action. Luton had points docked due to tax things but to be fair they had loads of counts where as Harry and Milan have only 2 counts. Not sure if the amount will have anything to do with possible FL sanctions or just the fact that there are any at all. If by chance they are proven guilty and the FL take it to be something they can dock points for then the only thing it will do is discourage any potential buyers even further. Anyone with a spare £20 - £30 million wishing to invest in football would have to like a serious challenge to take on pompey, and seriously deluded to think its wise to take on a club with so many problems and facing some serious lack of points this season or possibly next. So their time may run out before anyone can see the full picture and they may go pop before points deductions can make any difference. Or the FL may be hoping thats the case anyway. Link to comment Share on other sites More sharing options...
buctootim Posted 23 January, 2012 Share Posted 23 January, 2012 Can the outcome of this court case affect pompey in any way? It could sully their good reputation. Link to comment Share on other sites More sharing options...
pedg Posted 23 January, 2012 Share Posted 23 January, 2012 where as Harry and Milan have only 2 counts. So just a pair of counts Link to comment Share on other sites More sharing options...
sussexsaint Posted 23 January, 2012 Share Posted 23 January, 2012 Interesting reading the judge talking about the internet and twitter , shows how much the world has changed Link to comment Share on other sites More sharing options...
saintjay77 Posted 23 January, 2012 Share Posted 23 January, 2012 So are they or are they not allowed to sell players now they are subject to a winding up order? http://www.mirrorfootball.co.uk/news/Portsmouth-Michael-Appleton-told-he-must-sell-players-or-see-club-go-bust-article856467.html I think they did last time so there must be a way to get it done, but as someone posted further up the "assets" are only assets to the creditors owed money in the last CVA. So they might find it harder to get the go ahead to sell assets that could be used to pay those creditors in order to pay running costs. Just think, the original CVA said that they would raise x amount in player sales to get the ball roling. If they had bothered to attempt that instead of bringing expensive players in they might of actually been solvent right now. We always tried to run within our means and although Markus (and now family) spent allot to get us where we are now, I wonder how close to breaking even we are now? If the family were to pull out would we be able to run until a new buyer was found? Or would we find that we need to sell again to get us back to a running level? Link to comment Share on other sites More sharing options...
saintjay77 Posted 23 January, 2012 Share Posted 23 January, 2012 So just a pair of counts Goes without saying Link to comment Share on other sites More sharing options...
Goalie66 Posted 23 January, 2012 Share Posted 23 January, 2012 Why is the trial of Mandaric and Redknapp on the Pompey Takeover thread. Surely should be on a thread of its own? Mods? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 23 January, 2012 Share Posted 23 January, 2012 Excellent stuff...do you know, I think it's starting to dawn on some of them now.....in response to Snooze Reporter's revelation that Lampitt didn't tell Appy about the HMRC... @pn_neil_allen - Lampitt really is good at this transparency thing isn't he? I reckon he could get a job at the FA if he tried. Oh wait... Link to comment Share on other sites More sharing options...
dingbattigger Posted 23 January, 2012 Share Posted 23 January, 2012 P*rtsmouth FC have been told by the courts that they'll be renamed 'Southampton B', apparently it's a winding up order. I am here all day ! coffee over keyboard moment Link to comment Share on other sites More sharing options...
hutch Posted 23 January, 2012 Share Posted 23 January, 2012 It was thought that the payments were nothing to do with the club so it would of been no, but the prosecution is claiming they were payments relating to do with the work at pompey so I suppose if proven guilty the FL can take action. Luton had points docked due to tax things but to be fair they had loads of counts where as Harry and Milan have only 2 counts. Not sure if the amount will have anything to do with possible FL sanctions or just the fact that there are any at all. If by chance they are proven guilty and the FL take it to be something they can dock points for then the only thing it will do is discourage any potential buyers even further. Anyone with a spare £20 - £30 million wishing to invest in football would have to like a serious challenge to take on pompey, and seriously deluded to think its wise to take on a club with so many problems and facing some serious lack of points this season or possibly next. So their time may run out before anyone can see the full picture and they may go pop before points deductions can make any difference. Or the FL may be hoping thats the case anyway. There are documents available in the public domain which, unless they are fake, outline the basis of the allegations against the defendants, and how that relates to the club. I'm not sure if the Contempt of Court restrictions allow one to quote from them though. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 23 January, 2012 Share Posted 23 January, 2012 More from @pearcesport At 2pm prosecution will start outlining case against Redknapp + Mandaric. First time we'll hear detail of allegations. Both men deny charges. Link to comment Share on other sites More sharing options...
Brizzie Saints Posted 23 January, 2012 Share Posted 23 January, 2012 yes its getting pretty heated over at the news forum, dont think theres any saints there at the momment so there fighting amongst themselves, blaming everyone else as usual, demanding the council step in and help em out like its there duty for wot the club has done. laughable really but i think the penny has finally dropped and they now realise the trouble there in. Shame Link to comment Share on other sites More sharing options...
Doctoroncall Posted 23 January, 2012 Share Posted 23 January, 2012 Will PFC be liquidated or will someone buy us. Let's have definitive answers please I don't care as both outcomes will result in much hilarity all the while you bleat about us which is just as funny. After all, it is a Saga! Perhaps your time spent on here could have been better spent in protesting about the hierachy of PFC, you're posted more times than the majority on here? Link to comment Share on other sites More sharing options...
Ohio Saint Posted 23 January, 2012 Share Posted 23 January, 2012 Saw this post on another forum. Dont know how true it is, but it seems pretty genuine to me. Looked genuine to me too. Thanks for posting that. It's the first time I've really bothered trying to understand it all, and that post got in all the info and dumbed it down for me very nicely! Link to comment Share on other sites More sharing options...
saintjay77 Posted 23 January, 2012 Share Posted 23 January, 2012 There are documents available in the public domain which, unless they are fake, outline the basis of the allegations against the defendants, and how that relates to the club. I'm not sure if the Contempt of Court restrictions allow one to quote from them though. Yeah im sure I have seen something that outlines it but chose to type the idea rather than look for anything factual that could end me in the shiiiiiite. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 23 January, 2012 Share Posted 23 January, 2012 Yeah im sure I have seen something that outlines it but chose to type the idea rather than look for anything factual that could end me in the shiiiiiite. This is Arry's QC - http://www.clothfairchambers.com/members_profiles/john_kelsey-fry_qc.html Link to comment Share on other sites More sharing options...
Torres Posted 23 January, 2012 Share Posted 23 January, 2012 Just a heads up chaps: How frequent is publication? The London Gazette is published each working day. Notices should be submitted by 11.30am two working days ahead of publication. What is publication time (online/print)? Publication time on this website is 3.30 pm. Printed copies are also available at this time. Link to comment Share on other sites More sharing options...
tony13579 Posted 23 January, 2012 Share Posted 23 January, 2012 http://www.greenun24.co.uk/ipswich-town/town_up_their_bid_for_pompey_duo_jason_pearce_and_joel_ward_1_1184646 Town up their bid for Pompey duo Jason Pearce and Joel WardAfter having their first offer, believed to be around £1 million for the pair, rebuked by Pompey, Jewell has upped his offer in the hope of signing them before next Tuesday’s home match at West Ham. Link to comment Share on other sites More sharing options...
alehouseboys Posted 23 January, 2012 Share Posted 23 January, 2012 Excellent... Cala and Brian Howe having a spat on Twitter... @Joseph_Cala @brianhowe01 So you can't confirm you've got funding? And you criticise me? Good luck, but I see no point continuing this dialog. Link to comment Share on other sites More sharing options...
dubai_phil Posted 23 January, 2012 Share Posted 23 January, 2012 http://www.greenun24.co.uk/ipswich-town/town_up_their_bid_for_pompey_duo_jason_pearce_and_joel_ward_1_1184646 . Yeah they can up the headline figure but how much CASH NOW do they offer Link to comment Share on other sites More sharing options...
Torres Posted 23 January, 2012 Share Posted 23 January, 2012 The offer was rebuked? Naughty offer. Link to comment Share on other sites More sharing options...
Goalie66 Posted 23 January, 2012 Share Posted 23 January, 2012 Can someone clarify that if they are subject to a winding up order then besides their bank accounts being frozen their Executives are UNABLE to dispose of any assets. In their case their players. Therefore they cannot sell anyone. Am I correct? Link to comment Share on other sites More sharing options...
trousers Posted 23 January, 2012 Share Posted 23 January, 2012 For any of you out there that are CSI creditors, you need to get your claim in by noon on Wednesday 1st February, ahead of the initial creditors meeting on Thursday 2nd February. I wonder how big the meeting room will be.... http://www.london-gazette.co.uk/issues/60034/notices/1513444/all=convers;sort=newest Publication Date: Thursday, 19 January 2012 Notice Code: 2412 Meetings of Creditors In the High Court of Justice No 1759 of 2011 CONVERS SPORTS INITIATIVES PLC (Company Number 07375628 ) Quadrant House, 4 Thomas More Square, London E1W 1YW Principal Trading Address: 20th Floor, Heron Tower, 110 Bishopsgate, London EC2N 4AY Notice is hereby given by Andrew Andronikou of UHY Hacker Young LLP, Quadrant House, 4 Thomas More Square, London E1W 1YW, that a Meeting of the Creditors of Convers Sports Initiatives plc, is to be held at Quadrant House, 4 Thomas More Square, London E1W 1YW on 2 February 2012 at 11.00 am. The meeting is an initial creditors’ meeting under paragraph 51 of Schedule B1 to the Insolvency Act 1986. A proxy form should be completed and returned to me by the date of the Meeting if you cannot attend and wish to be represented. In order to be entitled to vote under Rule 2.38 at the Meeting you must give to me, not later than 12 noon on the business day before the day fixed for the Meeting, details in writing of your claim. Further Details: Greg Carrier, g.carrier@uhy-uk.com, 020 7767 2625, C265 Andrew Andronikou and Peter Kubik, Joint Administrators, (IP Nos 8806 and 9220), UHY Hacker Young LLP, Quadrant House, 4 Thomas More Square, London E1W 1YW. Date of Appointment: 25 November 2011 Link to comment Share on other sites More sharing options...
Ekelund24 Posted 23 January, 2012 Share Posted 23 January, 2012 Can't agree. Tax evasion is something you don't want to get pulled up on. Lester Piggot knew the right people and look what happened to him. I suspect that, unless HMRC cock it up, he will be found guilty as I am not sure that they would bring a case without being pretty damn sure of things (given it's high profile). Whether a custodial sentence will be passed is something else. I imagine a heavy fine and a suspended sentence if found guilty. Of course innocent until proved guilty. Didn't he refuse and refuse, then when he was persuaded to pay up, he used a cheque from an account the HMRC didn't know about!!! Link to comment Share on other sites More sharing options...
Chez Posted 23 January, 2012 Share Posted 23 January, 2012 This board is full of gloating but you're club could see it happen to them too. All it takes is for the Liebherr's to decide to sell and you could have the next Carson Yeung at the helmdon't think for a second there aren't people like myself asking questions of our current spending and debt liabilities. nut all the answers I get are that we are fine. Perhaps you could provide some assistance, after all we seem to do all your PFC buyer research for you. Link to comment Share on other sites More sharing options...
trousers Posted 23 January, 2012 Share Posted 23 January, 2012 Pearcesport James Pearce Back in Court. Over next few hours we'll hear the prosecution's case against Redknapp and Mandaric, who've both just returned to dock 2 minutes ago Link to comment Share on other sites More sharing options...
Michelle Posted 23 January, 2012 Share Posted 23 January, 2012 Why is the trial of Mandaric and Redknapp on the Pompey Takeover thread. Surely should be on a thread of its own? Mods? This. Link to comment Share on other sites More sharing options...
bridge too far Posted 23 January, 2012 Share Posted 23 January, 2012 Pearcesport James Pearce For sake of abbreviation while evidence coming thick and fast, Redknapp and Mandaric might be R + M, and prosecution shortened to pros Link to comment Share on other sites More sharing options...
Michelle Posted 23 January, 2012 Share Posted 23 January, 2012 Just a heads up chaps: How frequent is publication? The London Gazette is published each working day. Notices should be submitted by 11.30am two working days ahead of publication. What is publication time (online/print)? Publication time on this website is 3.30 pm. Printed copies are also available at this time. Thought from hubby - Skates announced on Friday that as of tomorrow they can only take cash payments. Indication that the notice was submitted on Friday, for publication on Tuesday? Would explain the cash payment situation, due to frozen account? Keep 'em peeled at 3:30 tomorrow! Link to comment Share on other sites More sharing options...
trousers Posted 23 January, 2012 Share Posted 23 January, 2012 Why is the trial of Mandaric and Redknapp on the Pompey Takeover thread. Surely should be on a thread of its own? Mods? It's all part of the Pompey 'bigger picture' circus IMHO. If Redknapp and Manderic were to be found guilty you could, arguably, trace the roots (morally or otherwise) of the 'Pompey Takeover Saga' back to the Manderic and Redknapp days. It's a big "IF" but still one big picture in my opinion. Link to comment Share on other sites More sharing options...
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