Gingeletiss

So it's Comical Al's fault, nope it's Al Mirage, wrong it's Storrie teller, ha ha, wrong again, it's the PL's fault.Well none of them, according to this chap it's......... PompeyLor Posted on 04/03/2010 12:53 The taxman Email Message To A Friend | Reply To Message Why is it that there's no questions about why the tax people allowed such a debt to accrue over such a long period? They could've nipped it in the bud over the last 7 years but have let it go on and on. Hardly rocket science thinking to imagine things are bit dodgy!

IMO....yes, the WO is only 'stayed', not dismissed.

St Marco...great piece, but you won't win the debate with those that refuse to see!!. CB Fry, great name, great player, would roll in his grave at this person using it on here. Every time he/she sees anything posted that he/she doesn't like, then be assured, abuse will follow as sure as night follows day. Same old few, come on here, and try to debase any positive thinking. Alpine (you make me laugh) saint, and dulldays, well what can I say, how and why he supports Saints is beyond me, I think he may have a brother in Glasgow!!! I trust they read the opening part of you reply, and if not, then I have it quoted above, as, any logical thinking person, will see it to be true.

http://crass.on.ru/flash/aaa-1.html

nick, you really should stop reading the gutter press;). It is reported that the adminman has connections with Chanrais lot, via their lawyers (the same). We can only speculate here, but I don't think HMRC do speculation, they feel there is something fishy as does the judge. Follow your gut feelings nick, and do stop reading the redtops!!! Re-read this whole thread mate, they have nothing to offer an Honest buyer, and honest is the key word, they are toast nick. If not wound up, they will plummet through the leagues....you keep bigging them up, have a soft spot me old mate???

Laugh at this....some Fishmonger down there was trying to big up their game against Brum, after a few exchanges, he got this back...... Spanishblue22 #7 02 Mar 2010 16:19 Complain | Signed: November 2009 re: re: re: re: re: Birmingham ,Birmingham here we come ... Posts: 9 Trialist relegation comes around, and for you so does administration and insolvency lol. there was only one team any good down there and thats Southampton

Stretching....boy are they stretching!!!! feedtheyak Posted on 02/03/2010 13:03 GO HMRC!!! - doing some quality probing Email Message To A Friend | Reply To Message This could be very good news for the club. If HMRC probe the finances, and serious wrongdoings are found amongst the owners, then our administration may not result in a 9 point penalty, which would make a great escape a hope once again. Further, the corrupt people may struggle to get more money out, with the (hopefully small) amount needed to buy us out of administration hopefully going to small businesses and the taxman (who, quite frankly, deserves his money...it's about time very rich people and rich companies stopped getting away with not paying tax, leaving ordinary people to foot the ball). What would also be interesting is if an HMRC enquiry took until beyond the end of the season (which may well be likely?, with a possible deduction not being possible until its outcome is known. What would the PL do then? I can't see HMRC ordering liquidation under any circumstances really - the player registrations would go straight to the premier league, and we would cease to be part of the premier league. That means no income for transfers, remaining premier league money, and parachute payments. A winding up would be bad for absolutely all parties, so I can't see it happening.

Give it up nick...the joke wore thin after the second time, but twenty second, come on man:smt108 ps...they are toast;)

Cripes..hearing to last a couple oh hours. I'm in between night shifts....wake me up when there has been a judgement:(

http://www.m2film.dk/fleggaard/trailer2.swf Lol....no-one from Poor smouth has turned up.

Lol St Lard...they have bestowed hero status on you, as the easiest explanation. They are actually fawning at your feet.....oh, so funny:D:D Lard Posted on 01/03/2010 21:05 HMRC to challenge Chainrai's preferred creditor status Email Message To A Friend | Reply To Message The points here, I think, are as follows: Falcondrone borrows £17M from Portpin which is secured by the shares, Falcondrone own, representing 90% of the share capital of Portsmouth City Football Club. Additionally, Portpin registers a charge on Fratton Park, owned by Portsmouth City Football Club. Falcondrone fails to repay Portpin so Portpin takes ownership of the shares in Portsmouth City Football Club. Portpin charge is satisfied by share transfer. Fratton still owned by Portsmouth City Football Club because Falcondrone borrowed the money from Portpin, not PCFC which is not in default for the original £17M. It was Falcondrone. Chanrai/Portpin is thus not a creditor of PCFC, but the majority shareholder. The additional charge on every asset, current and future of PCFC was registered by Marc Jacobs on the 6th January, when he realised that Chanrai/Portpin were exposed. Fuglers realise that Marc Jacobs has done something that is dodgy, whilst under a court order, following the WUO and they fire him. HMRC want to see the loan instruments that were deposited with Companies House that make Chanrai/Portpin think he/they can march into the sweetshop and empty the till... All pure conjecture... MichMan Posted on 01/03/2010 21:38 HMRC to challenge Chainrai's preferred creditor status Email Message To A Friend | Reply To Message Lard, your post should be copied and posted as a news article on this website, because that is the best explanation I have heard tonight why HMRC are challenging the decision - and although my head hurts too, I understood every word. We are f*****!

....and finally, off yet another board, this guy is always on the money IMO. MohamedCohen Posted on 01/03/2010 18:42 HMRC to challenge Chainrai's preferred creditor status Email Message To A Friend | Reply To Message HMRC is expected to argue that Portsmouth owner Balram Chainrai did not have the power to tip the club into administration, a move that has left him as a preferred creditor who may recoup much of the £17million-£20million he "lent" the club, and quite right too. Chainrai is a crook. He never lent PFC that money in the first place, it's a debt (assumed) which he had with Sacha's father, (from his lawsuit win), that PS allowed to get on PFC's balance sheet for a nice fat bonus. HMRC know that this self same crook, via Portpin, appointed THIS administrator. It doesn't take a rocket scientist to figure out that the aroma around here is quite pungent. This is why HMRC are madder than hell. We have zero chance of getting them to sign off on our CVA so we'll start life in the Championship on minus 15-20 points, assuming we are still in business by then.

Another insight on another of their forums..... SkyBlueFan #33 01 Mar 2010 19:51 Complain | Signed: February 2010 re: re: re: re: re: re: The judge will surely say tomorrow.. ... Posts: 24 Trialist Pompey will win this arguement if it can prove all of the following: 1.) They have good assets 2) They have good cash flow 3) They have a future (i.e someone would buy the business) On points 1 and 3 they should be OK. But on point 2 HMRC will I suspect argue that to get through admin they will need enough cash to get through a summer of no gate receipts. They will also argue that should Pompey ask for a CVA then as a creditor they will vote against. So again cashflow come under the spotlight. I may not be a Pompey fan but I do want you guys to survive. So please don't shoot the messenger. Oh and I don't know if this counts for anything but I do work in indirect tax so I have seen HMRC's tactics before.

Their take from one of their forum experts...... ompeyrug Posted 1/3/2010 18:18 #97569 - in reply to #97542 Subject: Re: Customs want us BADLY Posts: 10793 Location: 'Sunny' Devon/Cosham as said in an article, with this being my understanding - i wrote that sometime ago but chased up some 'theories'/'facts', like i say tho i am no expert... ===== A feeling going around is that HMRC basically 'f****d up' so they 'should not' really have much ground to stand on and a winding up order against us will not be granted... Feeling is that they felt they would get 'priority' or 'preferential creditor' ability, although our decision to go into Administration, as opposed to challenging them and 'risking' being done and liquidated – as we almost certainly would have done today had we strolled into court bold as brass – has left it possible that they will get little, if anything at all due to this, hence the 'hard line stance' they are now taking. Although what I would say is I think they 'probably' will take a tough stance down the line so the chances of a points penalty next season as well would have increased, then again if they are not a priority in the list of people that need to agree to the CVA or this happens – and they are not owed 25% of the debt which entitled them to object this CVA – then can they take a hard line? Then again this is Pompey we are talking about some anything is possible! They will have our card well and truly marked though, that much is for sure... For now I will leave it to the experts, as I clearly am not one or I would not be writing this now would I!

I'm not even going to say that I told you so...but I told you so!!!!. Not in the detailed way that GM has stated, but it was clear, that he couldn't be a secured creditor, and the owner, something was askew. I begged the question last week, as to if the HMRC had another card to play, and was shot down by a certain someone. So it seems, that they do in fact have something up their sleeves, tomorrow 1030hrs then peoples;)

What was to discuss, it didn't happen in Manchester etc, it happened in Totton. A bit close to home don't you think!!!. I'm from Totton, and the village is still in a state of shock, it's good that he has been apprehended, but give her family some space.

That mattyc is either 10 years old, or has an IQ of about 10, what a mong!!!

I think he has hit the nail on the head IMHO.

He can cancel the contracts of any staff....from CEO to player.

nick, not for the first time, do I find myself astounded by one of your posts. Look at all the clues nick, they are to all purposes...toast. They have nothing my friend, even in administration, they are talking about loans. The only person/people likely to buy them, would be more bent than a CEO;). It's like being declared dead, buried, but them ringing the bell in the belief that someone will come and rescue them. Many hear the bell ring, but ignore it by reasoning that hell...they're going to die anyway.

Mero, naughty boy!!. You haven't been keeping up, have you??. This was mooted on here last week, and is the worst kept secret in the pure part of Hampshire.

You Mr Le Saint, are wrong on so many levels. Those living in the Falklands, are British subjects. Shall we ignore them, what next, give up the I.O.W, if the French claim it. There is barely a country on this planet, that still has it's original inhabitants. Hell, even the blacks in South Africa, migrated south from the centre, massacring all in their way..you never hear of the Hottentots any more!!. The Argentinians are after something that they do not own. Last time it was to deflect attention away from their economic crisis, now they smell oil....tell me again, why Iraq invaded Kuwait!!!

I see they're all here...agents Dulldays, Blue_stevo, John the neg, and alpine moan, can you boys say what has happened to Glasgow_blue, or is he still on assignment??? AP is the best thing to happen to Saints in years, along with NC, and the man who makes it all possible, ML. Given where we were last summer, then anything this season is a bonus... In AP we trust.

You were saying Mr fan of the year!!!

Ummmm...taken from here. Enjoy! Plenty of headlines today so choose your paper! (Warning! Not advising to read all unless you have plenty of time!) anyway we have a home game so need to be heading to St Marys soon. Portsmouth administrator vows to bring in police if financial irregularities are found http://www.telegraph.co.uk/sport/foo...are-found.html Portsmouth paupers’ crackpot plan for survival as south-coast club go into administration