Gingeletiss

The only people who can help them on the adjournment side of things, are HMRC. They've had since October to seek adjournment, they've had since October to find new finance. they've had since last week for their 'new' owner to settle this tax bill (now around 15 mil). The paltry sum of 1.8 mil, is possibly the tax owed on their two January sales. Those moneys recieved (tax), should have gone to HMRC, they didn't........... Bye Bye Poopy

Indeed it is, and this extract below, is the main reason HMRC want blood!! The priority given to football debts explains why the Premier League withheld Ports*mouth's £7m January TV payment and some of the £5m fee from selling Younes Kaboul to Tottenham, then used the money to pay other clubs, while Pompey's £7.5m tax and VAT bill was left unpaid.HMRC's tougher stance, hitting eight clubs with winding-up petitions this season, reflects deep frustration with the *historic trail of clubs going into administration and the football-*creditors rule. While all football debts have been paid in full for the clubs who have *continued in business, since 2003 HMRC has been left with about £30m of outstanding taxes unpaid. The tax debt is directly linked to overspending on *players; huge wages carry tax at 40%, which is deducted from pay packets but not passed on to HMRC by clubs which have plunged into difficulties.

.....The Pompey manager, Avram Grant, who received a red card for approaching the referee to protest against a penalty decision, asked the high court to remember the unique role of a football club. "It's not a clear, normal business," he said. "It's not like an apartment that you buy without feelings. Here there are feelings, of players, fans, and also mine. The court needs to think it [also] belongs to 250,000 people. I think the club needs to stay alive – this is even more important than football." Yeh right, 250 more like.....where were these fans last night??.

Training for the weekend;)

Carlisle score gain

There's two of them, that one and the udder one.

There are plenty on e-bay, and I'm led to believe, that there might be a few more coming up for sale soon;)

Now here is a novel idea, as hinted before. Saints buy Poopey from the administrator for '99p'. Then tell Chainrai he can stick his football ground, rename them Southampton reserves or somesuch, and we will be playing with certainty, in the Championship next season, maybe even the Premier..... Yeh I know, no way that will happen;)

They have infact, said they employ 600 people.....hope it's a bloody big calculator;);) dubai_phil Full Member Join Date: Nov 2006 Location: Getting the Killer Attack Tortoises into shape Posts: 7,263 Nothing much new in any of those press articles that hasn't been discussd on here, except for the gem that the skates are Portsmouth's 2nd largest employer with 600 over half of whom are part-time. So obviously the council isn't very big then, and nice spin chaps. My feelings - everything makes sense, HMRC would listen to the arguments and in normal circumstances would likely adjourn leaving the sword of Damocles hanging over them. However, they did that before and they got ignored. You can take the p1ss once, you can likely take it twice, but trying the same trick a third time? Needs a new angle if it's going to work

Do the papers in fact, know anything. They say 'new owner Chainrai is locked in talks', correct me if I'm wrong, he has not as yet, passed the PL F & PPT, and until that happens, will not be reconised by said body, as the new owner. This is still a smoke and mirrors exercise IMHO, and hope that HMRC do not fall for this bullsh!t, the way some fans have.

Could this '1.8m', be the leavings from last weeks outgoing transfers??, have they in fact, recovered the little brown bags from behind the chairmans desk, in which to make this alledged offer. If so, then it's not really an injection of new money!!!!.

Surely they could turn it into a fishing lake, plenty of skates down that way;)

People keep saying about them going into admin, my understanding is a) that will be extremely difficult to arrange, but more importantly b), having something to administer. They haven't, so would find it hard to get a administrator, unless one was appointed by the court.....they are dead as a dead parrot;)

I agree....in fact 99%. It's all been smoke and mirror stuff...take this quote from the PL in their minutes from the meeting between them and the Poopey fans. ......Mike Hall (MH) - Handed Mr Scudamore and the other PL members a matrix, which showed all the connections between the people who have been involved in recent dealings with PFC. The matrix cross referenced the business connections between the Gaydamaks (Senior and Junior), Balram Chainrai, Levi Kushnir, Ron Mana, Yossi Yossifoff and Daniel Azougy. Mr Scudamore thanked MH for the work he had put in, but assured the group that this was something the PL were already aware of, and that their matrix was a lot bigger! RS then advised that Balram Chainrai would have to go through the F&PPT and that he was hopeful of a meeting with Mr. Chainrai next week during which he would inquire about Mr. Chainrai’s intentions for the club and suggest that he opens a dialogue with PFC supporter groups. They are so ferked!!!!!!!

I won't say FFS, read the back posts:). So I will say it again. They had a payment plan, they defaulted on it, hence the fact that the HMCR sought a winding up petition against them. So, not a cat in hells chance that the court will give them another one...IMO that is.

I see this story made the Echo. minus NC's part in it. Boooooooo the Echo, sour grapes or what!!

Poopey are doing a good line in credit cards, so I belive!!

More like a series of books!!!!!

Yes....but they lied, the investors were a not as real as they made out, and with Poopys history!!!!!!!!!!

A little problem here, there are now two partys who are on the petition, so they would have to buy them both off.:confused:

...and if they did, then they'll be spanked, as they had an embargo on signings, but not on loans;)

Well, that was an error, just waiting to happen. We all knew they would ferk that up;)

I've been saying this for ages!!!! .....With Mandaric, Redknapp and Storrie under suspicion of 'tax irregularities', why would HMRC do a deal with the club? If the above are under suspicion, would it not be fair to say that the whole club, by association, is under suspicion, potentially of deliberate tax evasion or false accounting? The recent involvement of a convicted fraudster will have done little to convince HMRC that they are dealing with a club full to bursting with integrity.....

They'll still have the drums:rolleyes:

Nothing new there Duncan, that was well publicised, and is why they issued a winding up order. So what other little snippits to you know;)