trousers

This exclusive photo of the model who originally revealed it was "mainly red with white trim" has just been posted online....

I asked the same question earlier as they weren't mentioned in any of the Tweets. In fact, I'm pretty sure the Tweeters from the media posted that the CVA proposal had been accepted unanimously... Edit: just looked back.....it was the AMENDMENTS that were "unanimously" accepted. No mention of the CVA 'for and against' vote itself...

The fact that the PFA apparently didn't contest the CVA*, which is conditional on the very players they represent being shafted (for want of a less crude phrase), I would venture that you're right in suspecting that they've got an ace up their sleeve. Why else would they apparently wave the CVA through without a murmur? (*as custodians of the players (i.e. 'football creditor' debt) did the PFA actually get a vote on the CVA today or were they at the meeting in an observational capacity only?)

In a nutshell, yes

Party!

True

Yep, but that was the thinking behind my question - when, way back, people asked the FL what they would do if CVA1 was deemed to have failed I'm sure the FL came back with some generic "we'll wait to see what happens with CVA2 before commenting further" statement, or words to that effect. I was just wondering if today's agreement (in principle) of CVA2 is the trigger for the aforementioned "further comment" that the FL alluded to in previous correspondance with people. I doubt it but you never know,.

http://www.bbc.co.uk/sport/0/football/18578555 "Portsmouth Supporters Trust boosted at creditors meeting" "Birch warned that exiting administration would not guarantee the club would be granted their football share in the Football League as a newco. "

FAO those who have written to the Football League in the past asking about the potential for further points deductions.... Did the FL say that they were waiting for CVA2 to be agreed (in principle) before commenting further on CVA1? Or are they waiting for another 'event' beyond today's proceedings? Given that the custodians of CVA1 have today officially given the green light to dilute and absorb CVA1 into CVA2 (regardless of what happens from here on in), can we now expect a statement from the Football League?

Obsession with the Pompey Takeover Saga is a qualifying necessity for nutjob status FFS

Btw, I didn't read anywhere that HMRC were represented at the meeting..... Perhaps they've gone into waving white flag mode?

Sounds likely. But all of which means that if Baker Tilly are 'happy' with CVA2 then that removes any likelihood of further points reductions as, techically, CVA1 will still be serviced (albeit in a modified/reduced form) out of CVA2.

Time is an arbitrary dimension

So, the PFA (who were represented at the meeting) were happy to vote for a CVA proposal that requires the very players they represent to be emotionally blackmailed into giving up their rights to the majority of their wages (past, present and future)? All very odd....

I'm slightly confused by the outcome.....one minute Baker Tilly (representing OldCo and original creditors) seemed to be kicking up a fuss about CVA2 and yet, before you can say "turkeys voting for Christmas" they have approved Portpin's 2p in the £ CVA offer (albeit with the caveat that they can switch to approving a different CVA if one was to come along in the next 28 days). So....bottom line....all creditors are 'happy' to take 2p in the £ (which is 20p of the original £) regardless of what happens next.... Sigh....

Both (if my inderstanding is correct)

From what I can make out, I think the modifications were largely concerned with Portpin giving up any rights to exclusivity and to open the door for other bids to be considered, i.e. The Trust. I'm guessing Portpin were looking for some kind of exclusivity going forward in the original CVA wording....?

Yeah, but what about Labour?

@pn_neil_allen: Birch again stressing Portpin bid conditional on player wages - as is the Trust. Absolutely crucial point. #PompeyCVA #Pompey

@TonyHusbandBBC: Unanimous backing for all modifications to CVA. #pompey @TonyHusbandBBC: #pompey CVA PROPOSAL CARRIED

@TonyHusbandBBC: #pompey @pompeytrust Concerned deal could still be done without their bid considered. Portpin have ceded exclusivity though.

@TonyHusbandBBC: #pompey So the door is open, for other offers. Big moment for the trust, who appear uncertain at proposals.

@TonyHusbandBBC: #pompey The position of the liquidator (representing old creditors) emerging as crucial here. If Liq not on side, more points penalties poss Go Baker Tilly!

http://www.taxpayersalliance.com/2020tc/2012/06/evidence-high-taxes-hurting-uks-economy.html http://www.cityam.com/latest-news/uk-restrained-one-the-highest-tax-burdens-g8

@TonyHusbandBBC: #pompey It also allows the meeting to resume to discuss Portpin offer later. Trevor Birch describes @pompeytrust offer as "serious"