Gingeletiss

Cardiff given 56 day stay off execution, and Southend given a 35 day stay, this stay is an order by the courts, to pay their debts in full ..alas, Chester wound up.

Great read Redkeith, in particular, the storrie-of the blues. I hope that one of the more robust and clever posters on here, will send that link to everyone concerned, the media, HMRC, the PL, the FA, EUFA, FIFA, all the poopy message boards, all the creditors, Sky, BBC, in fact everyone.

In any other business, the fact copied below, would be reason enough, to fold a company, so why not Poor smouth!. Well, the administrator told us that the debts were north of £70m, while the assets probably only amount to £36m, based on the £15m fixed assets (essentially the ground) in the 2008 accounts and £21m for the players. Storrie had estimated a value of £38m in the statement of affairs provided to the court, but HMRC have pointed out that the squad was recently valued at £21m and I know who I would rather believe. Either way, the assets are clearly much lower than the debt, which is why the banks decided to pull the plug.

Although this has been said before on here, I thought it deserved another airing!. The only constant throughout this nightmare period has been the Chief Executive, Peter Storrie, who has been with the club since early 2002. This is the man who managed to introduce just about the only penniless “billionaires” in the Middle East to his club and presided over a reign of staggering financial ineptitude. How could one of the highest paid CEOs in the Premier League with over 20 years experience not realise that signing shedloads of ordinary players on exorbitant wages was going to lead to ruin? The only skill he has demonstrated has been his ability to manipulate the media into somehow believing that he is the good guy in this sorry tale. In fact, Storrie has plenty of previous with all of his former clubs going on to suffer from financial problems. "Money for nothing" He was the first paid Managing Director at West Ham in 1991, where the supporters staged a sit-down protest on the pitch against his bond scheme, which was subsequently withdrawn. Years later, his reverse Midas touch had its effect with West Ham forced to make a fire sale to the porn barons. After he was sacked in 1999, Storrie turned up as Southend United’s Chief Executive, where he came under fire for his whopping (at the time) salary of £120,000. Southend are, of course, currently facing a winding up order. Storrie then took the role of Executive Deputy Chairman at Notts County, whose own shambolic saga of mysterious owners and unpaid debts has rivaled Portsmouth in the race to win basket case of the year. Obviously, Storrie’s connection to these troubled clubs is purely a coincidence in the same way that his old mucker Harry Redknapp is in no way responsible for the financial crises that have damaged all his former clubs (Bournemouth, West Ham, Southampton and, er. Portsmouth).

Possibly all the carrots, just a guess;)

This is all well and good, but!! What happens if they are lent this money from the 'third party lender', say Friday, then are liquidated next week (just one of many scenareos), the PL would still have to give said money to the third party lender. Um!!, I thought in cases like that, if the situation were to arise, that money would be passed on down to the FL clubs. IMO, the PL will be setting yet another prescident, one that again, could come back and haunt them via the courts.

I think that this is a valued point nick. Either the FT has made a mistake, or the Admin man has. FWIW, the matie who bought PFC as a joke, and is now inundated with creditors wanting their money, will be relieved that the nice man at PCFC, is trying to sell his club for him;)

WS, it's easy to predict possible outcomes;). I want the law applied, without law, we have anarchy. The FA, and the PL should be hanging their respective heads in shame, for allowing this to continue. I hope beyond hope, that if they help Poor smouth out, that they survive in the PL, and that the team relegated in their stead, sue the pants of the PL. I hope the FA are having sleepless nights now, for allowing Poor smouth to continue in their showpiece cup competition, whilst knowengly trading whilst insolvent. They allowed they to compete with an un-registered player FFS, and saw fit to bury their respective heads in the sand. http://www.express.co.uk/posts/view/162161/Portsmouth-facing-FA-axe-for-Wembley I guess someone else is thinking the same If not wound up, I love to see them get to the final and win it, then for all their wrongdoings to be brought to light, thus heaping more shame on the FA. Forget not, we still have the side shows to be bought to a conclusion yet, HR, PS, and MM in court to answer seperate charges on tax. This of course, is all conjecture, and is one of many possible outcomes.

Technicaly, it wasn't a crane at all. It was on a moterised barge moored at 102 berth, it was in simplistic terms, an 'A' frame, which buckled and collasped.

They're like a tag team, browbeat one, and then 'tag' another one takes up the fight. I assume DD and AS are at lunch!.

Good game, concentrates the mind., I also enjoy bridge, a card game of yesteryear, rarely played by the under 40's.

Now that was funny;)

Easy, a load of houses with Squash/Tennis courts attached. Clause adheared to. Or the developer buys that clause back from the council, as I think, was the case at Wimbledon!.

Hark at the obsessive himself, the man who posts on their message boards, and jumps in on every thread about them, with his hateful views. Fishing trip is it DD?

You might ask the Storrie teller, he knows about free holidays and flights!

I wasn't there, mind you, some of the doom sayers weren't there either. My point, not mentioned yet, is that the fool above, is a first year Referee in the FL. After listening on the radio, I would suggest that he far from ready to be in charge of big boy games. Those that want a win every game, might do better supporting Rangers or Manure/Chelski etc. The beauty for me, is the unpredictability of this game. I was on a TV debate show once, talking about football. The point I made, was that over 90 minutes, you can experience almost every emotion known to man, that for me is the buzz, the attraction.

Why?? are you coming to watch us, because I'm afraid you will be wound up/kaput/toast. So as a Poor smouth supporter, you won't be going anywhere. Laugh my fishy friend, it will hurt all the more when you go bang.

Same old names...boo hoo we're not doing well. Grow some DD and AS, offer support not tears.

Why don't you give it a break. you moaning git. Take up watching avalanches or something.

Queer

Queer

Now this poor sole (skate) has an interesting view on points deduction. He in fact feels that Poor smouth do not merit one, as they have not had an unfair advantage over other teams. Yeh right!!!!! mr_bishiuk Posted on 05/03/2010 08:13 The points deduction rule should be changed Email Message To A Friend | Reply To Message The points deduction should only come into effect if the team have had an unfair advantage for the season that administration takes place. In my view Portsmouth have done all they can to avoid administration once funding was withdrawn from the owner and banks theve sold any player not nailed down and replaced them with free's and loans (the club still have to turn a premier league team out). The rule was brough in after Leicester went into administration basically sold no one and then went on to get promotion, this was totally unfair against other teams and a points deduction is fair. I would argue that Scummers also did eevrything they could do to avoid administration on their relegation. but us getting a points deduction now damages the integrity of the league as one team has nothing to play for and the "best" league in the world shouldn't every team have something to play for?

Our teenage pregnancy rate.....our youth crime/knife crime....our ability to beat old age pensioners up for a few pounds...our dirty streets.....our potholed roads....our jail population.....our cheating MP's.....our stealth taxes....our poor broadband speed......our heavily taxed fuel... Why the list is endless, of reasons to be proud. But on sport, I agree about the footballs, but will always support the fringe sports.

Point one HO ho ho, you never saw it because you have been on gardening leave!!!. Point two, this has been discussed for the last couple of months. It was always said that any transactions after the issuing of the WO, would be declared invalid. This also applies to transfers, appointments etc etc. The truth, you have a tangled web of lies and deceit at your sorry excuse of a club. When you go bang, you will have done this country a favour. Second time round, and you've learnt nothing in your ten year history.

I must be ferk1ng tired, I actually agreed with Mountain man;)