Gemmel

Can someone help me. I have stock options in an American software company (Had them before, but never this scenario) and from what I have read I can pay tax upfront on the option price $5 which means I don't have to pay tax on the vesting price. Is that right / legal?? Cheers

The kindest thing do would be a points deduction around 25 points. By enusuring they end up in league 1, gives them the best chance for survival. Sell the squad, bring in some cheaper players and start addressing the debt. At some point someone has to look at what a 12,000 average crowd club looks like, when they have over 40 million pounds worth of debt to service and many of those 12,000 are there on 4 for 44 pound offers, freebies and life long season tickets. And of course that 12,000 will drop even further post relegation. The reality is a low to mid table league one club. They just don't want to accept that. The FL and FA need to implement "Tough Love".

Thats an old link from before from once bitterne..... not celebrating yet

It is a conference call, not a meeting

I hope lampitt didn't get too close to any russian mafia type guys. They don't like to leave any evidence behind..... Where's trousers

The debst were 120 million of which 80 odd million was unsecured. Those guys got 20p in the pound, so just under 20 million to repay. Football debts should have been settled Then there is the secured creditors (Chinny and Gaydamak) around another 20 million The orginal post was correct. Failure to meet the CVA and unsecured creditors can revert back to the original level of debt.

Sorry but pfc123 is right. The player is entitled to more (Usually a % of the transfer fee) but he doesn't get his whole contract paid up. For example, have you ever heard "I took a pay cut to come and play here"

Not true. I;ve seen St Chalet say this before, but it is wrong

Penny Mordaunt MP "Mad morning liaising between hmrc and pfc. Debate on football governance starting- hoping for ministerial support for a community buy out."

Can we move on from arry on this thread?? I don't see any massive issues in managers being bonused on the the net profit of player sales. I imagine it is fairly common place in football. Sure there are ways to open it up to a bit of abuse, but then there is in most bonus schemes. However if storries bonus scheme really was based on the amount spent, then that was just plain stupid and deserves the scrutiny of the only feasible answer to question...WHY??

http://www.portsmouth.co.uk/sport/pompey/pompey-past/pfa_seek_answer_to_pompey_wages_woe_1_3500725?commentspage=2 PFA looking to help, but pompey players have been brilliant........... The club has been through the mangle but the problem is a little bit inherited from the past.‘This has been inherited difficulties coming from not the best financial propriety from the past.’ Now is that article saying there is only sixteen million left of parachute payments, or two lots of sixteen. The answer to that question...in my opinion dcitates their fate

Thats quite an intresting post. They were always going to get early parachute payments, from the momemt lampitt said he was going to ask for them. Why the pfa would hope they would be used to pay the players is odd wording. May be I am reading too much into the words, but "Hoping"?????? May be the advance isnt enough to cover player wages & HMRC and the hope is that they will be allowed to pay the players over HMRC. It's pure guesswork, but very strange use of words.

This one’s for the real bed wetters on here, but who else is missing from this sordid little list of players (Help with some of Duncans prep and planning ahead of the book, commissioned to start on 21/02/12). I’m sure I’m missing loads……. Milan Mandric, Harry Redknapp, Peter Storrie, Sacha Gaydamak, Arcadia Gaydamak, Tanya Robins, Paul Hart, Al Fahim,. Ali Al Faraj, Balram Chanarai, Levi Kushnir, Daniel Azougy, Avram Grant, Mark?? (First lawyer guy) , Andrew Anroid, David Lumpitt, Peter kubik, Steve Clotterill, Vladimir Antonov, Roman Dubov, Michael Appleton, Penny Morant, David Cameron, Mike Handcock,, HMRC, Rosie47, Lithuanian pensioners, Peter Cala, Bad Company. Known Missing QC’s, Prosecutors and judge from first trial The young northern lad whose dad was bankrupt who wanted to buy them last time The secret but skint millionaire who wanted to buy them last time

Mourhino -short term contract, starts at the end of the Spanich season and just for the Euro's. Would he go for it :)

It's like a bad dream, when you know the ending

I can't see them going into the 20th without the protection of admin. (I know that people have said they can't, but andriod has raised it as a possibility, so I imagine he will find a way) but if they did, then the argument from pompey, would almost certainly be based around the parachute payments and the fact that this is a cash flow issue and not insolvency. It looks like they have sorted out their financial mess anyway. At eighty quid a pop, they need just 150,000 from the southesea common lot, to find a sister, brother, auntie or uncle that is single and fancies getting hitched. http://www.portsmouthfc.co.uk/LatestNews/home/Propose-On-The-Pitch-3098.aspx

Harry Redknapp should succeed Fabio Capello as the next England manager now he has been cleared of tax evasion, says former coach Sven-Goran Eriksson. Capello, 65, will step down as England boss after Euro 2012 in June. "I think Redknapp will be a very, very good choice. He's English; he knows his football," Eriksson told BBC Sport. "[Redknapp] is doing a great job with Tottenham and has done a great job with every team he's had in the past, so I guess it will be him." I can't post the link because the photo has rupert lowe in it

I think you are being a little harsh hutch. There was plenty of money in snoras....... it just wasn't his

Judge has instructed the jury, he will only accept a unanimous verdict, which means redknapp will walk free. Just not the England job........... please

He certainly has. It would suggest that the situation is as serious as it gets, if has resorted to that. Which begs the question, why the fook didn't lampit selll in the transfer window.

Andronikou asks for council funds to help Pompey By Joe Nimmo Published on Tuesday 7 February 2012 09:29 ANDREW Andronikou has asked Portsmouth City Council if it could contribute funds to help Pompey. At a meeting with council leader, Cllr Gerald Vernon-Jackson, and council chief executive David Williams, the Convers Sports Initiatives administrator raised the subject of whether the local authority could directly assist the embattled football club. The men met at the Marriott hotel, in North Harbour, on Friday at Mr Andronikou’s request so he could provide an update on the administration of CSI and its effect on Pompey. The meeting came as Cllr Vernon-Jackson said he would write to Prime Minister David Cameron to ask that HMRC’s winding-up petition be withdrawn. He said: ‘We were talking about what is going on in terms of the administration of CSI. ‘Mr Andronikou is clearly not happy to be having to do this work again. ‘His inevitable question was “would the council put in money?” and I said no; the council doesn’t have any money.’ He added: ‘His job is to be working in the interests of the creditors and our interest is in safeguarding the football club and those two interests are not always the same thing. ‘What I’m absolutely convinced of is that David Lampitt and the people at the football club are working as hard as possible to try to find a long-term solution for the football club.’ Cllr Vernon-Jackson said that he also felt the Prime Minister should follow through on his words last week in the House of Commons, when he told Portsmouth North MP Penny Mordaunt he would try and help the club. ‘I think it is important that if the Prime Minister offers help that action follows that,’ he said. ‘He is the head of the government and HMRC is a branch of that government. ‘So if he tells them to withdraw their winding-up petition them presumably they have to do what they are told. ‘It would give Pompey more time and it would be the right thing to do, because we are not in this situation because of anything the club has done. ‘This is down to its parent company and is different than last time.’ Following a News-backed meeting of fans and city leaders two weeks ago, the CSI administrator has now agreed to meet fans’ groups trying to save the club, but no date has yet been set for this to take place http://www.portsmouth.co.uk/sport/pompey/pompey-past/andronikou_asks_for_council_funds_to_help_pompey_1_3494391

I agree with corp:scared: I couldn't find any reason why administration would benefit them, but it has certainly been talked up this week by android and in an interview with appleton today he says he wants to get as many points on the board in case the worse happens with a points deduction. So the only possible reason at the moment would be to protect against the WUP, which would still need paying, so someone (Chinny or advanced parachute money)) is going to have to stump up the money at somepoint, so why incur a points deduction and lower the value of the club? lumpitt could have raised 2 milllion in the january transfer window. He chose not too.......... He must be confident of a sale or getting his hands on the parachute money.

http://www1.skysports.com/football/news/11688/7491389/ android, days left to stop club going into admin

Your right the CVA is not up for negociation, but the parachute money is the key to all of this. Ironically pompeys relegation was the first season that the parachutes payments went from 30 to 50 million. Without that bit of luck, the books would see another 20 million hole and there really would be no way out. But if we take it as red, that the remaining parchute money can clear the CVA, then chinny coming in and selling some players, is the only feasible way forward. If he can raise 10 million (Big big ask) from player sales, he can sell the club for 5 million or whatever, I just don't think he wants the land and even if he did, it aint worth 17 million quid.