bridge too far

I think there are two things here: 1. AA reckons he knows what he can offer in the £ for creditors in order to get the CVA. The only way he can do this is if he is in receipt of some sort of offer. Since he says there are no buyers out there, then this can only mean Chanrai will buy the club for a price that produces the x pence in the £. It's a back-to-front way of doing things IMO. 2. It is his duty, in law, to get the best deal for the creditors. So, surely, if he has gone down the liquidation route, and then someone buys the assets, the money they pay will still have to go to the creditors. I'm not at all sure about what happens in the second scenario - I'm sure some of you out there do know.

And me! Further conspiracy alert - the powers that be are trying to stop Trousers from seeing it.

And the Boy Scouts about the same amount I think! I struggle to think what services Boy Scouts can offer a football club.

You'll have a long wait then!

Can the District Valuer advise on this too?

Or the airline operators, seeing the amount of money they're losing, suddenly agreeing to the very regulation they refused before. I'll post the link again FYI as you maybe missed it first time around: http://www.guardian.co.uk/world/2010/apr/21/airlines-flights-ban-airspace

Ask PFC - they'll know.

You mean they ARE wanting a nanny state after all :shock:

But it wasn't at the time, was it. Vantis can only report on the information given to them at the time. The fact that significant further debt has become apparent is either due to poor record keeping by the club or to 'creative accounting'. Vantis couldn't report on what they didn't know.

Nick, I wish you'd stop banging on about this. Are you a senior lawyer / barrister? Do you not understand that law is very defined. There is no room for emotion. She had to make a judgement on the evidence presented to her, not on what she (and others) may have THOUGHT to be the case. She was doing her job.

This makes for an interesting read, especially the bit about the operators now wanting regulation, having previously been opposed to it. http://www.guardian.co.uk/world/2010/apr/21/airlines-flights-ban-airspace

Hmmmm "HMRC is owed around £15m and was expected to oppose the CVA on the basis that it does not agree with the football creditors rule, which guarantees payment in full to players and clubs. But it is understood that it will only oppose the CVA if it feels it has a realistic chance of success." from today's Guardian http://www.guardian.co.uk/football/2010/apr/21/portsmouth-119m-debt-football

counterclaim

expense

adopts

All UK airports now open apparently.

scandal

boarding

cool

rushings

axes

Jesus Christ

supersize

superdooper

supertanker