pedg Posted 24 January, 2012 Share Posted 24 January, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/winding_up_order_issed_against_pompey_1_3450042 Sources at HMRC said the winding up order would be publised in the London Gazette at 3.30pm, although no notice concerning Pompey was among the notices listed at that time. I bet they loaded the wrong tape or something. Link to comment Share on other sites More sharing options...
saint si Posted 24 January, 2012 Share Posted 24 January, 2012 The more things change, the more they stay the same http://www.guardian.co.uk/football/2009/dec/30/portsmouth-customs-revenue-winding-up http://news.bbc.co.uk/1/hi/8434987.stm Portsmouth said it disputed the amount of money owed and expected HMRC "to withdraw their demands forthwith". Not quite so combative this time, are you lads! Link to comment Share on other sites More sharing options...
solentstars Posted 24 January, 2012 Share Posted 24 January, 2012 Paul Foster @Paul_A_Foster (Deputy news editor at The News, Portsmouth) Pompey winding-up petition is about to be published. Experts our reporters have been talking to don't hold up too much hope BBC Solent Sport @solentsport HMRC issue winding up petition against #pompey for tax bill of £12.6 million£12.6 million great news if true roll on afc pompey in the southern league Link to comment Share on other sites More sharing options...
Hatch Posted 24 January, 2012 Share Posted 24 January, 2012 Link to comment Share on other sites More sharing options...
Under Weststand Posted 24 January, 2012 Share Posted 24 January, 2012 I bet they loaded the wrong tape or something. Maybe someone got to the shredder when they were out for lunch Link to comment Share on other sites More sharing options...
trousers Posted 24 January, 2012 Share Posted 24 January, 2012 £12.6 million great news if true roll on afc pompey in the southern league Solent admitted shortly after that it was a typo! Link to comment Share on other sites More sharing options...
trousers Posted 24 January, 2012 Share Posted 24 January, 2012 Link to comment Share on other sites More sharing options...
trousers Posted 24 January, 2012 Share Posted 24 January, 2012 Link to comment Share on other sites More sharing options...
Under Weststand Posted 24 January, 2012 Share Posted 24 January, 2012 http://www.guardian.co.uk/football/2...nue-winding-up "In such a tough economic environment the club finds it hard to understand this action by HMRC. It is well known that the business has been in a difficult position following former owners decisions and the current owner is committed to resolving this and moving forward." LOL I thought the current owner was in NO position to move it forward? Maybe its just me but isn't he currently fighting extradition for fraud??? Or is AA regarded as the current owner? being the administrator! Oh he can't be as its CSI in Administration, Poopey are a separate viable business operating whilst completely Insolvent. Link to comment Share on other sites More sharing options...
Saint_Ash Posted 24 January, 2012 Share Posted 24 January, 2012 Expunging Poopy's points would have us sitting proudly at the top of the table by two points. We'd have 1 point removed, West Ham 6 and Cardiff 4. So 2 points in the lead with Cardiff 4 points behind. That would be a result! Link to comment Share on other sites More sharing options...
Scummer Posted 24 January, 2012 Share Posted 24 January, 2012 http://www.guardian.co.uk/football/2...nue-winding-up "In such a tough economic environment the club finds it hard to understand this action by HMRC. It is well known that the business has been in a difficult position following former owners decisions and the current owner is committed to resolving this and moving forward." LOL I thought the current owner was in NO position to move it forward? Maybe its just me but isn't he currently fighting extradition for fraud??? Or is AA regarded as the current owner? being the administrator! Oh he can't be as its CSI in Administration, Poopey are a separate viable business operating whilst completely Insolvent. This may be a whoosh moment by me, but that article is from the last winding up petition, not this one. Link to comment Share on other sites More sharing options...
Big Bad Bob Posted 24 January, 2012 Share Posted 24 January, 2012 http://www.guardian.co.uk/football/2...nue-winding-up "In such a tough economic environment the club finds it hard to understand this action by HMRC. It is well known that the business has been in a difficult position following former owners decisions and the current owner is committed to resolving this and moving forward." LOL I thought the current owner was in NO position to move it forward? Maybe its just me but isn't he currently fighting extradition for fraud??? Or is AA regarded as the current owner? being the administrator! Oh he can't be as its CSI in Administration, Poopey are a separate viable business operating whilst completely Insolvent. Ahem, that article is from Dec 2009!! You've made the same mistake as me.. Link to comment Share on other sites More sharing options...
bridge too far Posted 24 January, 2012 Share Posted 24 January, 2012 http://www.guardian.co.uk/football/2...nue-winding-up "In such a tough economic environment the club finds it hard to understand this action by HMRC. It is well known that the business has been in a difficult position following former owners decisions and the current owner is committed to resolving this and moving forward." LOL I thought the current owner was in NO position to move it forward? Maybe its just me but isn't he currently fighting extradition for fraud??? Or is AA regarded as the current owner? being the administrator! Oh he can't be as its CSI in Administration, Poopey are a separate viable business operating whilst completely Insolvent. I think that article in the Guardian was from the end of 2009 Link to comment Share on other sites More sharing options...
stevegrant Posted 24 January, 2012 Share Posted 24 January, 2012 I reckon that article might be from 2009 Link to comment Share on other sites More sharing options...
Under Weststand Posted 24 January, 2012 Share Posted 24 January, 2012 Ahem, that article is from Dec 2009!! You've made the same mistake as me.. Yes Opps just took of the quote above excuse me all getting giddy with all the info coming at once Apologies all. Link to comment Share on other sites More sharing options...
Toomer Posted 24 January, 2012 Share Posted 24 January, 2012 I can see them some how getting by till the end of the season with a points deduction and starting off in league 1 next season, only if there someome mad enough with the money to bail them out. Link to comment Share on other sites More sharing options...
bpsaint Posted 24 January, 2012 Share Posted 24 January, 2012 An old favourite of mine from last time, still some LOL moments.... Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 24 January, 2012 Share Posted 24 January, 2012 I think at this time, we should reflect. 'When you're Pompey, you're proud' ORLY?? I do genuinely feel sorry for the bloke. Can't be easy. Link to comment Share on other sites More sharing options...
dellgirl Posted 24 January, 2012 Share Posted 24 January, 2012 Heard 2 people talking in Sainsbury's that the staff have been told they won't get paid this month by e-mail, couldn't stand around any longer as it was getting obvious I was listening. Link to comment Share on other sites More sharing options...
Dr Who? Posted 24 January, 2012 Share Posted 24 January, 2012 I am so bored of waiting for them to go pop! Link to comment Share on other sites More sharing options...
saint si Posted 24 January, 2012 Share Posted 24 January, 2012 Heard 2 people talking in Sainsbury's that the staff have been told they won't get paid this month by e-mail, couldn't stand around any longer as it was getting obvious I was listening. Good news for their bitter rivals Tesco, if true. Link to comment Share on other sites More sharing options...
dellgirl Posted 24 January, 2012 Share Posted 24 January, 2012 St si that is funny but you know what I meant ! Link to comment Share on other sites More sharing options...
JackFrost Posted 24 January, 2012 Share Posted 24 January, 2012 http://news.bbc.co.uk/sport1/hi/football/16706372.stm Here's the latest link if it hasn't already been posted. How's pfc's "their going to be fine" coming along? Link to comment Share on other sites More sharing options...
holepuncture Posted 24 January, 2012 Share Posted 24 January, 2012 What a glorious day, HMRC ripping 'arry and Milan for their crimes at pompey, HMRC issuing a winding up order on pompey - all back in the eyes of the global media a toast, I say, to Her Majesty and Her Brave Revenue Collectors One thing I have been bleating every 3-4 dozen pages or so on this wonderful thread, when will the (SOCA) Serious Organised Crime Agency show their hand? Perhaps they are gearing up for either the Gadymack vs Chanrai & Kushnair gig, or the will be delivering a delicious combo of Gadymack vs Chanrai & Kushnair and The Russian Mafia vs The Lithuanian & Latvian Public... Come on lads, were having a ball - get involved Time to pop the champers! Link to comment Share on other sites More sharing options...
Waterside.saint Posted 24 January, 2012 Share Posted 24 January, 2012 From the BBC http://news.bbc.co.uk/sport1/hi/football/16706372.stm "There is little HMRC can do for a business - be it a football club or not - whose viability is dependent on not paying the UK taxes to which they are liable" HMRC spokesman Link to comment Share on other sites More sharing options...
The Majestic Channon Posted 24 January, 2012 Share Posted 24 January, 2012 Link to comment Share on other sites More sharing options...
The Majestic Channon Posted 24 January, 2012 Share Posted 24 January, 2012 Harry Redknapp was twitching like a pigeon today after it was revealed in court that his dog had opened a secret bank account in Monaco. The jury was told how the Old Bill had been following the trail of 'Arry's dog, who was operating under the moniker Rosie 47, after it had deposited £195,000 in an offshore account. "It used to be a trific little dog, but it's heads been turned by other dogs and it has become a right crooked mongrel", said Redknapp. "The thieving hound has been finding brown paper bags full of cash, burying them in the back garden, and schlepping down to Monaco to deposit them in the bank without me knowing", twitched 'Arry. "When the filth first asked me about Rosie 47, i thought they were talking about one of Wayne Rooney's old prossies", joked the Spurs' manager. But Redknapp could be in the doghouse himself after his dog denied the bona fide accusations. "I never done nuffink and i know nuffink about it. Old candle wax face is trying to mug me off and stitch me up like a kipper. 'Arry is a pedigree chump and it's his collar you should be feeling", barked Rosie 47. Link to comment Share on other sites More sharing options...
saintbletch Posted 24 January, 2012 Share Posted 24 January, 2012 From the BBC http://news.bbc.co.uk/sport1/hi/football/16706372.stm "There is little HMRC can do for a business - be it a football club or not - whose viability is dependent on not paying the UK taxes to which they are liable" HMRC spokesman Damning. Comment 53 from the PEN site here, also seems to sum up the desperation of the situation nicely. Ironically although the HMRC debt appears to be much smaller than last time we were in this position, from AA's statements it sounds like they are the majority unsecured creditor this time. So even if we went into Admin now, we would be highly unlikely to get another CVA agreed as HMRC will vote against it & anyone with more than 25% of the total debt can stop it being approved. They don't like the football creditor's rule & unless they get paid in full will vote against on principle. Clubs coming out of Admin with no CVA in place get a massive points deductions from the FL ( think Leeds Luton ) & that's assuming they don't kick us out of the FL altogether due to having 2 Admins in a certain period ! I assume this is why AA says Admin is not an option ! Lets just hope there is a new owner out there, otherwise not looking good ! PUP Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 24 January, 2012 Share Posted 24 January, 2012 From the BBC http://news.bbc.co.uk/sport1/hi/football/16706372.stm "There is little HMRC can do for a business - be it a football club or not - whose viability is dependent on not paying the UK taxes to which they are liable" HMRC spokesman Even more telling from the same piece : The club does not have the funding that would have been there if our previous owner had been in place. It has been a difficult two months to balance the financial position of the football club. "We are in a difficult position and will remain in a difficult position until the ownership is sorted. "For the time being, it is a matter between us and HMRC and we have to manage that as best we can." So, clumpitt, how is that management between you and HMRC coming along? Looks to me like they're ignoring every plea you're making to them and going ahead with what they believe is right and just. Apparently an old dog can learn new tricks, as didn't they wait until you owed them £30 something million last time before they started the process? Looks like they're not falling for the same old spin and b0IIocks this time Link to comment Share on other sites More sharing options...
johnnyboy Posted 24 January, 2012 Share Posted 24 January, 2012 worth a read from a decent (if there is such a thing ) Poopey blog http://thetwounfortunates.com/turmoil-week-portsmouth/ Link to comment Share on other sites More sharing options...
dubai_phil Posted 24 January, 2012 Share Posted 24 January, 2012 Can I add just a little bit of cheer to the equation.... HMRC Tax Bill is 1.6mil. However, let us not forget that HMRC will ALSO be VERY CLOSELY watching the performance of the club (and use of future Parachute payments) under the simple motivation that THEY ARE ALSO A CREDITOR UNDER THE CVA. So HMRC will be watching on TWO counts. Even LESS wriggle room Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 24 January, 2012 Share Posted 24 January, 2012 worth a read from a decent (if there is such a thing ) Poopey blog http://thetwounfortunates.com/turmoil-week-portsmouth/ Perhaps the Corpse should read that. It might help quell his myth about credit crunch and bank shares or whatever it is he's blaming for the gun runner running out of money. It now seems incredible that anyone thought an owner with no visible income except access to his father’s billions gained largely from dealing in arms and blood diamonds would sustain a club living so far beyond its means indefinitely. Some people still think it was the credit crunch that hit the Gaydamak funding. However, the strange coincidence of Pompey’s troubles arising at the same time that Sacha’s father, Arcady, was avoiding an international arrest warrant, having his assets frozen and fleeing from Israel to Russia leaves little to the imagination as to where the money was coming from. Redknapp decamping in the middle of the 2008 UEFA Cup campaign made it clear that trouble was brewing. Link to comment Share on other sites More sharing options...
sussexsaint Posted 24 January, 2012 Share Posted 24 January, 2012 whats the betting at the last minute the FL lob them 1.6m from their 'future parachute payments' just to keep the wolf from the door as 'seriously there is a guy in the car park with a million billion pounds on the way but we just need a few more days' Link to comment Share on other sites More sharing options...
The Majestic Channon Posted 24 January, 2012 Share Posted 24 January, 2012 Redknapp looking at bird Link to comment Share on other sites More sharing options...
Panda Posted 24 January, 2012 Share Posted 24 January, 2012 Harry Redknapp was twitching like a pigeon today after it was revealed in court that his dog had opened a secret bank account in Monaco. The jury was told how the Old Bill had been following the trail of 'Arry's dog, who was operating under the moniker Rosie 47, after it had deposited £195,000 in an offshore account. "It used to be a trific little dog, but it's heads been turned by other dogs and it has become a right crooked mongrel", said Redknapp. "The thieving hound has been finding brown paper bags full of cash, burying them in the back garden, and schlepping down to Monaco to deposit them in the bank without me knowing", twitched 'Arry. "When the filth first asked me about Rosie 47, i thought they were talking about one of Wayne Rooney's old prossies", joked the Spurs' manager. But Redknapp could be in the doghouse himself after his dog denied the bona fide accusations. "I never done nuffink and i know nuffink about it. Old candle wax face is trying to mug me off and stitch me up like a kipper. 'Arry is a pedigree chump and it's his collar you should be feeling", barked Rosie 47. Gosh! You make Rosie sound like a real *****! Link to comment Share on other sites More sharing options...
S-Clarke Posted 24 January, 2012 Share Posted 24 January, 2012 Surely they can't get out of this now.....Surely? They should now be toast for sure. Link to comment Share on other sites More sharing options...
Panda Posted 24 January, 2012 Share Posted 24 January, 2012 Gosh! You make Rosie sound like a real *****! OK! I'll try again. Gosh! You make Rosie sound like a real b1tch! Link to comment Share on other sites More sharing options...
dubai_phil Posted 24 January, 2012 Share Posted 24 January, 2012 whats the betting at the last minute the FL lob them 1.6m from their 'future parachute payments' just to keep the wolf from the door as 'seriously there is a guy in the car park with a million billion pounds on the way but we just need a few more days' That's 1.6 million earmarked to repay the 6million due to HMRC under the previous CVA. As in here is your 1.6mil Yes where is our April part of our 6mil coming from? No we just gave you that. No you did not. yes we are poopey we don't owe you any money can we have some more now please Link to comment Share on other sites More sharing options...
Torres Posted 24 January, 2012 Share Posted 24 January, 2012 This talk of the FL advancing parachute payments - can the FL do this? Are they holding the money? I find it slightly difficult to believe that the PL handover £144m every year to the FL for them to dole out every now and then. Link to comment Share on other sites More sharing options...
S-Clarke Posted 24 January, 2012 Share Posted 24 January, 2012 This talk of the FL advancing parachute payments - can the FL do this? Are they holding the money? They can do if it's in their interests to keep a member going, in terms of keeping the integrity of the league positions and results then it could be in their interests and other clubs. Link to comment Share on other sites More sharing options...
Saint_John Posted 24 January, 2012 Share Posted 24 January, 2012 Unless of course the main reason you had become hugely wealthy was because you'd been evading tax and taking bungs for a much longer period of time... Redknapp has owned his house at Sandbanks for years, dating back to the time he was at West Ham, where he wouldn't have been paid that much - certainly nowhere near the amount he now earns at Spurs or got at Pompey - and I struggle to believe that at that time he earned enough money to afford to buy property in that part of the world without "alternative" sources of income. There was an excellent book produced in 2003 called "Broken Dreams" by Tom Bower that talked about the "vanity, greed and the souring of British Football". (IMO it should be a MUST READ for all Football fans). Harry has a whole chapter to himself in which it mainly talks about the Ferdinand transfer to Leeds where he certainly was paid £300k by Brown (p241). However on p232 it says "Despite WHU limited finances, Redknapp appeared to be obsessed by trading players. One hundred and thirty-four players would be transferred during his seven years of management". I wonder if he was on a percentage of the deals then ? Link to comment Share on other sites More sharing options...
camdijk Posted 24 January, 2012 Share Posted 24 January, 2012 I thought the parachute payments came from the Premiership, not FL. Or am I being unusually thick. ;-) Link to comment Share on other sites More sharing options...
pedg Posted 24 January, 2012 Share Posted 24 January, 2012 I thought the parachute payments came from the Premiership, not FL. Or am I being unusually thick. ;-) If the FL point out to the PL that the fact pompey got this far is partially their fault and who knows what might come out if pompey go to the wall then the PL would probably did deep to help. Link to comment Share on other sites More sharing options...
Justin C Posted 24 January, 2012 Share Posted 24 January, 2012 What are the timescales for the wup? Link to comment Share on other sites More sharing options...
bpsaint Posted 24 January, 2012 Share Posted 24 January, 2012 They can do if it's in their interests to keep a member going, in terms of keeping the integrity of the league positions and results then it could be in their interests and other clubs. I'm willing to bet that's the thing that will get them dirty cheating ****s out of this mess. Link to comment Share on other sites More sharing options...
trousers Posted 24 January, 2012 Share Posted 24 January, 2012 I've asked this before but no harm in trying again.... Why are Pompey (potentially) being allowed to use the parachute money for a purpose for which it was not designed? They were designed to help a well run club survive the drop in revenue due to relegation. They were never intended to prop up a football club that finds itself in difficulty because it was badly run. Who governs the parachute money, what are the rules and who polices those rules to ensure the money isn't misappropriated? Or perhaps the system was poorly set up in the first place and as such there are no rules thus allowing owners with dubious intentions to prop up dubious activities. Anyone? Link to comment Share on other sites More sharing options...
pedg Posted 24 January, 2012 Share Posted 24 January, 2012 What are the timescales for the wup? IF you believe AA (and note I used a big IF) then the WUP should be published any day know (still unclear why someone at HMRC said it would be today but it did not appear) and the court hearing will be late feb. Link to comment Share on other sites More sharing options...
pedg Posted 24 January, 2012 Share Posted 24 January, 2012 (edited) I've asked this before but no harm in trying again.... Why are Pompey (potentially) being allowed to use the parachute money for a purpose fir which they were not designed? They were designed to help a well run club survive the drop in revenue due to relegation. It could be said that a well run club should have the processes in place to survive relegation (50% salary cuts all round anyone). Think its fairly clear that they are designed not for the well run club but for the profligate clubs who would be most likely to go pop on relegation without the parachute money (e.g. WHU and pompey). Lots of relegated clubs going pop would not show the PL in a good light.. Though it would make the relegation fight something closer to a deathmatch. Edited 24 January, 2012 by pedg Link to comment Share on other sites More sharing options...
Faz Posted 24 January, 2012 Share Posted 24 January, 2012 OK: 1. WUP Petition means bank account frozen 2. There are no other means to pay bills, including salaries unless someone else does it - making that person liable for NI, PAYE etc. The PFA m,ay do that for the players, but not for the staff I wouldn't think. 3. An advance of the PP will only work if it's used to pay HMRC (ie Direct from the Football Authorities to HMRC), and then HMRC agree to apply for a discharge of the WUP.If that were to happen, you would assume the other clubs will have to go along with it, and want to be sure there is no unfair advantage. Ergo a whopping points deduction or auto relegation 4. It seems Administration is not an option, they either need a madman or a conman to buy them. Step up Chinny, or pop they go. IMO. But then again, I thought that last time. Link to comment Share on other sites More sharing options...
benjii Posted 24 January, 2012 Share Posted 24 January, 2012 whats the betting at the last minute the FL lob them 1.6m from their 'future parachute payments' just to keep the wolf from the door as 'seriously there is a guy in the car park with a million billion pounds on the way but we just need a few more days' If that happens I really do think there should be mobilisation of a movement in protest from us and other fans. It is clear from the Hartlepool chairman's comments today that the sensible people in football are fed up of those with no intention of managing themselves properly gaining competitive advantages. Portsmouth have deliberately, yet again, pursued a policy of incurring liabilities that are far in excess of what the club can support without continuous external investment. It is also clear that the only external investment they can attract on sufficient scale is "dodgy" at best and blatantly criminal in the most part. Bailing them out distorts competition and damages the integrity of the game. Link to comment Share on other sites More sharing options...
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