Except that the Football League don't have any rules covering failed CVAs, just rules for not getting a CVA in the first place....
Same outcome (i.e. creditors out of pocket)..... But different rules...
@TonyHusbandBBC: #pompey meeting ends with small creditor asking where is the £2500 promised to each small creditor last time.
@pn_neil_allen: UHY say they understand Portpin will finally pay small creditors if they come back in. #Pompey #pcm2012
@TonyHusbandBBC: #pompey creditor's committee nominated. Will be Portpin, PFA, PCFC (old co) HMRC, CSI.
@pn_Rory_McKeown: Rep from Genesis says small creditors should be in creditors committee. He will represent them in committee. #pcm2012 #Pompey
So....let me get this right....HMRC get Birch appointed over UHY to protect their interests yet UHY had enough clout all along to freeze them out at this meeting? What's the point of HMRC's lawyers exactly??
@solentsport: #pompeyfc Former defender and club ambassador Linvoy Primus has been released due to ongoing cost cutting. Audio interview coming shortly
@pn_neil_allen: RT @alex_crook: Just read Danny Welbeck is on 15k a week at United. Lawrence, Kitson and Ben Haim all earning more at #Pompey probably Kanu too. Staggering.
Blimey....one or two Pompey fans starting to develop a sense of smell for coffee...
@pn_neil_allen: #Pompey creditors' meeting today at 11am. I'll be present along with @pn_Rory_McKeown giving live updates. Expect yet more drama.
I'll be selling POP corn from 10:30 onwards.