trousers

This is the industry I work in. Can't say much but this was a problem waiting to happen

http://www.guardian.co.uk/technology/2012/jun/25/how-natwest-it-meltdown?newsfeed=true If only they'd listened to me 10 years ago....

Indeed......

http://www.bbc.co.uk/sport/0/rugby-league/18554519 In other semi-related news.....Bradford Bulls have just gone into administration with "only 10 days to save the club from liquidation"....only 10 days between administration and liquidation....? Blimey.....Carlsberg don't do swift administrations but if they did....

That thought occured to me too. Why would an administrator who's trying to avoid a points penalty go out of his way to highlight that a points penalty could now be on the cards. It's almost as if he knows what is about to happen and is trying to break it gently....

Birch changes his tune....anyone got his quote from a few weeks ago where he was saying that he had reassurances from the FL that a points penalty was out of the question (or words to that effect)....? @pn_neil_allen: Birch fears #Pompey points deduction despite CVA agreement. http://t.co/cL47ol78 Pompey’s administrator said: ‘It is not set in stone there will now not be a points deduction.‘It is at the Football League’s discretion when they start to consider the new owners’ proposals. Whoever buys from herein will sit down with the Football League. ‘They will look at the proposals and look at the fact we have done a CVA, which is the first step to not getting points deducted. ‘But they still have to then make a decision over possible deductions. ‘They may say we have had three administrations in the past 10 years or so and take action. ‘Some of the board of directors may look at the fact the last CVA didn’t pay a dividend. So they may take that into account. ‘There is no guarantee'.

Are you my wife?

Who are the "shareholders" these reports keep refering to? CSI? Lampitt? A.N.Other(s)?

The aforementioned "passed" CVA will only be activated if the high earners fall on their collective swords - the CVA is conditional on that happening. Of course, that is quite possibly the most likely outcome but the CVA vote yesterday was a rubber stamping of an 'IF' rather than a 'WHEN'.

Like it. Yes....that would work too. No VAT on pie and chips but loads of VAT on champagne and caviar. Of course, we'd also have to crank up import tax so these rich blighters don't start importing loadsa stuff! Sorted. When do we start?

I've just thought it through... Because we'd be raising so much more tax by getting the rich to pay tax through buying loadsa stuff, we could afford to give the poor and pensioners higher benefits to offset the increase in VAT that they would be paying. Ergo their situation remains fiscally neutral. Sorted. Distribution of wealth in a socially moralistic nutshell.

lol

You're mistaking me for someone that's thought this through... ;-)

When Birch came on the scene, the statutory administration notice was published in the London Gazette. A few weeks later the notice was re-issued to add a third named administrator. At the same time they added the words: "TA Portsmouth Football Club" under the 'PFC 2010 Ltd" official company name heading. 'TA' stands for 'Trading As'.... I always suspected this was a significant tweak to the admin notice. Perhaps it's a legal 'work around' for maintaining the continuity of the trading name of a company whilst the actual company goes in and out of liquidation?

The Star have also got a detailed and insightful article on our quest for Sivok. Rubber stamp it is then... http://www.dailystar.co.uk/football/view/258864/Southhampton-chase-Sivok/

Scrap income tax. Scrap VAT exemptions. People buy stuff. The more you buy the more tax you pay. The more you buy the more jobs you create. Sorted.

The very same excellent theory I've been advocating for years (of the donkey variety). But it would require some clever out of box thinking from the 'great' British public. That'll be a non-starter then...

Especially the chocolate that's made with exploited animal milk and fat.

@brianhowe01: Because you don't suport the Pompey Trust you cannot be a Pompey fan according to some so called supporters. @mickwill: @brianhowe01 I am in PST bid team & accept that you are a real fan whether or not you support us. I don't understand why, though! #Pompey @brianhowe01: @mickwill Because the Trust is spreading malicious untruths about Chanrai.....they are scare mongering and infighting. @pompeytrust: @brianhowe01 Brian, I take exception to your accusation on Twitter the Trust are spreading malicious untruths about Chainrai.

OldCo Portsmouth Football Club was liquidated as a result of admin1 and yet they carried on regardless as NewCo.... That said, I was thinking more about the comparisons at a philosophical level rather than a pure like-for-like basis. Both have taken the tax payer for a ride yet one is on the cusp of being chucked out of their league at the first strike whereas the other is itching to start building a new squad once it's shaken off yet more debt under admin2....

The time is definitely ripe for this thread's regular Football League correspondents to ask them to explain the difference in the overall conduct of Rangers and Pompey. It'll no doubt give rise to the usual standard generic reply but it'll register on their radar nonetheless.

All of which make you wonder why the Professional Footballers Association hasn't kicked up a huge stink about their members being so poorly treated and emotionally blackmailed. Maybe they have but behind closed doors?

@brianhowe01: I will support who I believe will do the best job for Pompey as owners..someone experienced in running a football club. Someone with money

Cheers for that clarification John