bowers-sfc Posted 1 December, 2011 Share Posted 1 December, 2011 http://www.bbc.co.uk/blogs/mattslater/2011/11/british_test_is_fit_for_nothin.html Mark Fry, the insolvency expert who helped Portsmouth's rivals Southampton out of the critical ward two years ago and oversaw the sale of Hull City last year, said the new rules have made a difference. OK, that is not going to help the shell-shocked faithful at Fratton Park but Fry did say something that might cheer them slightly. He said Pompey would have a good case in arguing they should not be hit with a points deduction just yet, providing they can prove they gain no "material advantage" from their parent company's insolvency protection. The Football League ended up sending the accountants in to Southampton to work out if the club dragged the holding company under or vice-versa and may have to do the same at Portsmouth. But Fry believes the authorities acted too hastily then and the accountants misread the situation - taking the holding company into administration was part of a plan to sell the club, not ditch debt. He thinks the League will be more circumspect this time, particularly given the complexities of Antonov's various businesses. So, a crumb of comfort for Pompey fans but hardly an answer as to how this happened to them again. Perhaps the only solution to this is that they club together and have a crack at running the club themselves. They could not do any worse. Link to comment Share on other sites More sharing options...
Horley CTFC Saint Posted 1 December, 2011 Share Posted 1 December, 2011 http://www.bbc.co.uk/blogs/mattslater/2011/11/british_test_is_fit_for_nothin.html So, a crumb of comfort for Pompey fans but hardly an answer as to how this happened to them again. Perhaps the only solution to this is that they club together and have a crack at running the club themselves. They could not do any worse. Saved by the bell eh?! Link to comment Share on other sites More sharing options...
Cricketphilly Posted 1 December, 2011 Share Posted 1 December, 2011 All the best to them Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 1 December, 2011 Share Posted 1 December, 2011 I think they will get away with it (I say getting away with it - I don't think they should be punished for this) due to the fact that the company that owns them has far more businesses under it's umbrella than just the club. The Club has not pushed the company into administration, external factors have. IMHO, that's not enough to levee a points deduction at them. However, in a months time when there is no other money going into the footballing business they will then be put into administration by Chanrai when wages can't be paid, and this time they will get the deduction. Link to comment Share on other sites More sharing options...
mesaint Posted 1 December, 2011 Share Posted 1 December, 2011 Perhaps the only solution to this is that they club together and have a crack at running the club themselves. They could not do any worse. Can you imagine bellend as their chairman, they would be even more of a laughing stock! Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 1 December, 2011 Share Posted 1 December, 2011 Perhaps the only solution to this is that they club together and have a crack at running the club themselves. They could not do any worse. Can you imagine bellend as their chairman, they would be even more of a laughing stock! To be fair, the Pompey fans hate him anyway. That idea has been mooted, that the fans take over. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 1 December, 2011 Share Posted 1 December, 2011 To be fair, the Pompey fans hate him anyway. That idea has been mooted, that the fans take over. Where are they going to get the money from ?? Link to comment Share on other sites More sharing options...
Lighthouse Posted 1 December, 2011 Share Posted 1 December, 2011 Good luck Pompey. They're like my second team. Their fans are so loud and passionate. Link to comment Share on other sites More sharing options...
Dog Posted 1 December, 2011 Share Posted 1 December, 2011 Mark Fry thinks pompey have a chance.......... Not with his hourly rate they don't. Link to comment Share on other sites More sharing options...
Fitzhugh Fella Posted 1 December, 2011 Share Posted 1 December, 2011 Mark Fry hardly covered himself in glory as administrator for Saints. He very nearly ensured we lost the Liebherr offer by clinging onto the pantomine that was Pinnacle. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 1 December, 2011 Share Posted 1 December, 2011 Mark Fry was confident Saints had a good chance of avoiding a points deduction and look what happened. He also thought Saints had a good chance in an appeal. Link to comment Share on other sites More sharing options...
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