PaulSaint Posted 3 February, 2010 Share Posted 3 February, 2010 (edited) I'll go for this: They do succesfully bullsh*t the Judge (no liquidation) but get a seriously nasty punishment for financial irregularities from the FA - they are dumped directly into League 1 from August 2010. A few of those involved subsequently get light jail terms, the rest get directorial bans. Bring it on Edited 3 February, 2010 by PaulSaint Messed it up. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 3 February, 2010 Share Posted 3 February, 2010 they are dumped directly into League 1 from August 2010. How could the judge impose sporting sanctions? They will either get between 28 and 42 days to come up with the money OR they will be wound up straight away. Link to comment Share on other sites More sharing options...
mcjwills Posted 3 February, 2010 Share Posted 3 February, 2010 7 day to produce cash or wound up Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 3 February, 2010 Share Posted 3 February, 2010 I'll go that they will come up with some fishy story about new investment 24 hours before the HMRC hearing....then.... This is ignored and they are effectively wound up. Following this, the post mortem will see Skates blaming everyone bar Storrie and Redknapp...Fred Dinenage will go pale with worry, and we will be laughing our nuts off. Six months later, Redknapp and Storrie are being chased round the showers in Parkhurst by 'Fingers' McGee. Well, that's what I'd like to happen... Link to comment Share on other sites More sharing options...
hutch Posted 3 February, 2010 Share Posted 3 February, 2010 There are lots of Courts, and I suspect PCFC Ltd, Falcondrone and Portpin will feature in many of them in years to come. Link to comment Share on other sites More sharing options...
stevegrant Posted 3 February, 2010 Share Posted 3 February, 2010 I predict "Nothing", as they'll go into administration the day before the hearing. Link to comment Share on other sites More sharing options...
benjii Posted 3 February, 2010 Share Posted 3 February, 2010 I'll go that they will come up with some fishy story about new investment 24 hours before the HMRC hearing....then.... This is ignored and they are effectively wound up. Following this, the post mortem will see Skates blaming everyone bar Storrie and Redknapp...Fred Dinenage will go pale with worry, and we will be laughing our nuts off. Six months later, Redknapp and Storrie are being chased round the showers in Parkhurst by 'Fingers' McGee. Well, that's what I'd like to happen... I predict "Nothing", as they'll go into administration the day before the hearing. One of the above. Link to comment Share on other sites More sharing options...
Saint Keith Posted 3 February, 2010 Share Posted 3 February, 2010 I predict "Nothing", as they'll go into administration the day before the hearing. hmm, im not so sure, its only the creditors that can do this now, not the directors, and the creditors i.e. gaydamak and chainrai, have indicated they arent in a hurry i reckon they will lose the winding up order, but get 28 days to come up with the money, and somehow will struggle on to the end of the season but get relegated, and then feel the full force of the evil doctor mahwinney Link to comment Share on other sites More sharing options...
Matthew Le God Posted 3 February, 2010 Share Posted 3 February, 2010 feel the full force of the evil doctor mahwinney He leaves his role at the Football League in March 2010. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 3 February, 2010 Share Posted 3 February, 2010 Bent over the bible and butt-f*cked out of the league Link to comment Share on other sites More sharing options...
Matthew Le God Posted 3 February, 2010 Share Posted 3 February, 2010 Bent over the bible and butt-f*cked out of the league You don't swear on the Bible in court. Link to comment Share on other sites More sharing options...
Saint Keith Posted 3 February, 2010 Share Posted 3 February, 2010 He leaves his role at the Football League in March 2010. thats a shame. i thought it was in july Link to comment Share on other sites More sharing options...
PaulSaint Posted 4 February, 2010 Author Share Posted 4 February, 2010 I reckon Chanrai will exercise a regulation of his contract & take over on Thursday. the Sun may even out "Avram" as well? Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 4 February, 2010 Share Posted 4 February, 2010 I reckon Chanrai will exercise a regulation of his contract & take over on Thursday. the Sun may even out "Avram" as well? Smart arse...however, you will see from my post last night that they would come up with a fishy story before the court case. I fank you.. Link to comment Share on other sites More sharing options...
Crab Lungs Posted 4 February, 2010 Share Posted 4 February, 2010 Is it me or is Matthew Le God a seriously committed condescending fun-killer? Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 4 February, 2010 Share Posted 4 February, 2010 I predict "Nothing", as they'll go into administration the day before the hearing. Would that stave off the WUO though? It's a cynical move which I'd been thinking might happen. Could HMRC still force it through and liquidate them, more to the point? Link to comment Share on other sites More sharing options...
Clapham Saint Posted 4 February, 2010 Share Posted 4 February, 2010 They will either get between 28 and 42 days to come up with the money OR they will be wound up straight away. This one. Link to comment Share on other sites More sharing options...
Clapham Saint Posted 4 February, 2010 Share Posted 4 February, 2010 Would that stave off the WUO though? It's a cynical move which I'd been thinking might happen. Could HMRC still force it through and liquidate them, more to the point? It would put a "freeze" on everything so yes. The directors aren't able to appoint administrators anymore though. It would have to be one of the secured lenders as Saint Keith said above. Link to comment Share on other sites More sharing options...
gaz Posted 4 February, 2010 Share Posted 4 February, 2010 I suspect they get away with everything and some previously unheard of Russian sugar daddy takes them over, wipes the debt but then launders arms-money through the club...wait a minute... Actually, I hope they dissappear and the PL make a huge example of them for messing everyone (the league, staff, other clubs) around, but I doubt they will. Link to comment Share on other sites More sharing options...
Colinjb Posted 4 February, 2010 Share Posted 4 February, 2010 Bye bye Pompey, Pompey bye bye......... Link to comment Share on other sites More sharing options...
Merovingian Posted 4 February, 2010 Share Posted 4 February, 2010 Six months later, Redknapp and Storrie are being chased round the showers in Parkhurst by 'Fingers' McGee. Well, that's what I'd like to happen... I think we all want to see that anyway lol Link to comment Share on other sites More sharing options...
Ash Posted 4 February, 2010 Share Posted 4 February, 2010 Is it me or is Matthew Le God a seriously committed condescending fun-killer? That's what I thought. Maybe I missed the joke but a comment about someone being butt****ed over a bible in court and he points out that the bible aspect is incorrect? I think MLG and SaintClark should form a double act, could go down a storm at kids' parties. Link to comment Share on other sites More sharing options...
stevegrant Posted 4 February, 2010 Share Posted 4 February, 2010 It would put a "freeze" on everything so yes. The directors aren't able to appoint administrators anymore though. It would have to be one of the secured lenders as Saint Keith said above. What about Chainrai though, as he presumably is now both a secured lender AND a director... Link to comment Share on other sites More sharing options...
St Marco Posted 4 February, 2010 Share Posted 4 February, 2010 In my experience i think it will go 1 of 2 ways. 1. The creditors list has become so long that they apply to the courts to put them into admin. At this stage i think they can no longer go into VA. However i think they can have discussions with creditors and explain putting them into admin gives them a chance of getting something back over a period of time. Where as liquidation they obviously join the vulture queue. 2. They go into the court case and it will be used as a landmark case for English premier league football. The HRMC feel they are doing the work of the people i.e you pay your taxes right? Would you be happy that the flashy football people who drive sports cars are not paying theirs? The image of the case is what is crucial. Because right now we see them as the bad wolf. When in reality they are actually trying to get money owed which does actually go to help people in some way or another. The people who ran the club are the bad wolf. So if they go into that case right now the list of not paying their bills will be long. I can't see it being too difficult for the prosecution to provide evidence in the form of people not being paid. Then if the HRMC proove that they are owed the £7m-£12m rumoured to be owed then they have a choice. Pay it or not pay it. Pay it means the company will live. Not pay it means the company dies. By the recent history of the club you would have to say they won't be paying it. As things stand right now i think they will go to the case, lose the case, it will be seen as a landmark legal case for our top flight. They will then be found guilty of financial irregularities and that is when the **** hits the fan. Either that or a rainbow appears over Fratton Park and Utaka finds a Leprechaun and his pot of gold. And out of the goodness of his heart turns it over to the new owners to pay the bills. Link to comment Share on other sites More sharing options...
Pancake Posted 4 February, 2010 Share Posted 4 February, 2010 That's what I thought. Maybe I missed the joke but a comment about someone being butt****ed over a bible in court and he points out that the bible aspect is incorrect? That has made me lol far too much. Link to comment Share on other sites More sharing options...
Gudz Posted 4 February, 2010 Share Posted 4 February, 2010 I faintly remember Swindon winning promotion from the 2nd to 1st tier at the end of a season, the being relegated 2 divisions to the third tier for....... financial irregularities! Was it not the case that due to the courts doing them for financial irregularities that the FA stepped in and acted accordingly? Please correct me if I've got this wrong, was only a teenager at the time, but if this was the case then surely a precedent is already in place? Thus poopey get relegted, then stepped a further 2 divisions down..... Link to comment Share on other sites More sharing options...
Clapham Saint Posted 4 February, 2010 Share Posted 4 February, 2010 What about Chainrai though, as he presumably is now both a secured lender AND a director... Has he become a shareholder or is that still contested? Did he become a shareholder by converting his debt or has he been paid mirrage's shares as compensation for the default? I haven't got a clue who owns what or who owes what to who anymore... IMO opinion there must be something fishy [pun intended] as it makes no sense that he didn't put them into admin the sencond he didn't get the TV money. An administrator would have sold players in the transfer window and raised cash for the creditors. As things stand right now he would need to pump in 26 million or so (£11m HMRC, £15m wages and ongoing HMRC to the end of the season if 5 months of £3m per month) at least in the hope of getting something back. All this "stablising the club's finances" talk is guff too. He can pay the debts arrising to the end of the season but this won't change the fact that the club is losing money. He would be out for around £46m by the end of the season (current £20 plus the £26m). Whoever he sells to (if he can) is still going to have to pump in a load more money to make the club stable and even then it will most likely be in the Championship. Who on earth is going to do that!? Link to comment Share on other sites More sharing options...
stevegrant Posted 4 February, 2010 Share Posted 4 February, 2010 Has he become a shareholder or is that still contested? No idea, tbh. Did he become a shareholder by converting his debt or has he been paid mirrage's shares as compensation for the default? The suggestion is the latter, but I don't think it's been confirmed anywhere. Certainly not on their OS anyway... Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 4 February, 2010 Share Posted 4 February, 2010 Is it me or is Matthew Le God a seriously committed condescending fun-killer? I know, i didn't even mention Championship manager !! :smt103 Link to comment Share on other sites More sharing options...
saint lard Posted 4 February, 2010 Share Posted 4 February, 2010 (edited) Judge will rule that PFC can have an extension and make payments in a rescheduled payment plan. They will then muller us in the cup, go on to lift the aforementioned cup,escape relegation,find a real billionaire that Chainrai(sp) will sell too. Everything will be rosey in PFCs' garden. You just know they will get away with everything. Edited 4 February, 2010 by saint lard Link to comment Share on other sites More sharing options...
the colonel Posted 4 February, 2010 Share Posted 4 February, 2010 Judge will rule that PFC can have an extension and make payments in a rescheduled payment plan. They will then muller us in the cup, go on to lift the aforementioned cup,escape relegation,find a real billionaire that Chainrai(sp) will sell too. Everything will be rosey in PFCs' garden. You just know they will get away with everything. Sadly I think you are right. They have been clever in paying off the banks because they wouldn't be ****ing around at this stage and probably would have pulled the plug weeks ago. Now they have creditors that will be paid off or payment schemes agreed. They will plead with the judge that they are the new owners and hence need time to sort the mess out. And meanwhiel the Premier league sits backside and does fuuuck all. Link to comment Share on other sites More sharing options...
pedg Posted 4 February, 2010 Share Posted 4 February, 2010 Think we can divide this into two parts: Pompey in court for the WUO Milan, Arry and Story on tax avoidance charges. For the first I think the HMRC will treat them like children trying to avoid doing their homework and will try and lay down the law. Its then a case of does Chainrai want to go double or quits on his bet? For the second I think they have less chance of weedling their way out of punishment. To some extent this also affects the first as Chainrai must know that even if he stumps up for all the bills or managed to avoid them that if there is enough proof of improprietry that they will be docked points anyway. Link to comment Share on other sites More sharing options...
Chin Strain Posted 4 February, 2010 Share Posted 4 February, 2010 I predict "Nothing", as they'll go into administration the day before the hearing. I think they can only do that if the court agrees as they're alreadu subject to the WUP Link to comment Share on other sites More sharing options...
swannymere Posted 5 February, 2010 Share Posted 5 February, 2010 The Premier League won't let P*ompey go out of business before the end of the season, it affects all the clubs they have to play incomes too much, also what would happen to the league table? Do you take P*mpey completely out of the equation and remove them and their results from the table? Link to comment Share on other sites More sharing options...
Torrent Of Abuse Posted 5 February, 2010 Share Posted 5 February, 2010 You don't swear on the Bible in court. Bent over the Rothmans Football Yearbook 2009-2010 Edition and butt-f*cked out of the league. HTH. *Alternatively, the Goal Football Annual 1976. Link to comment Share on other sites More sharing options...
Deano6 Posted 5 February, 2010 Share Posted 5 February, 2010 The Premier League won't let P*ompey go out of business before the end of the season, it affects all the clubs they have to play incomes too much, also what would happen to the league table? Do you take P*mpey completely out of the equation and remove them and their results from the table? Ask Kings Lynn FC. Link to comment Share on other sites More sharing options...
benjii Posted 5 February, 2010 Share Posted 5 February, 2010 (edited) No idea, tbh. The suggestion is the latter, but I don't think it's been confirmed anywhere. Certainly not on their OS anyway... Standard practice to take a legal charge over a share holding by way of security. He has exercised that charge and is now the owner of the shares (subject to any dispute about whether the right to exercise the charge arose). My guess is that he doesn't have a definite plan. My guess is that he leant the money without the full knowledge of the situation he would have liked to have had in retrospect (apparently not knowing about the PL's right to withhold tv money for example). He has been trying to get to the bottom of the club's finances but has found Al Firage to be unresponsive. As a final throw of the dice he has exercised security so he can get his feet under the desk, have a look at the finances and decide what to do. He may conclude there is no point doing anything or he might decide it's worth keeping the life-support on. Just a guess and devoid of conspiracy theories involving Gaydamak but it seems to fit the "known" facts. EDIT - what is interesting is that a company can refuse to register a new owner of shares. If they genuinely do dispute Chanrai's right to do this then things could get very messy indeed. Edited 5 February, 2010 by benjii Link to comment Share on other sites More sharing options...
pedg Posted 5 February, 2010 Share Posted 5 February, 2010 The Premier League won't let P*ompey go out of business before the end of the season, it affects all the clubs they have to play incomes too much, also what would happen to the league table? Do you take P*mpey completely out of the equation and remove them and their results from the table? Expect the PL will be deliriously happy if pompey go into admin. 9 points penalty means they almost certainly shot of the problem and the administrator will probably be encouraged to carry on till the end of the season before admitting they can't find a buyer. Link to comment Share on other sites More sharing options...
sperm_john Posted 5 February, 2010 Share Posted 5 February, 2010 i expect them to slither out of this somehow ...they always do the dirty skates Link to comment Share on other sites More sharing options...
Amesbury Saint Posted 5 February, 2010 Share Posted 5 February, 2010 I predict that Gordon Brown will announce at PM question time on WEdnesday that he has extended the support given to the UK banks to PFC, and hence gives them £1bn in quantitive easing Failing this the case is adjurned for 4 weeks Link to comment Share on other sites More sharing options...
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