trousers

James Pearce @Pearcesport Redknapp: " I always pay my tax. I'd rather pay too much tax than not enough. I always pay my tax" From not knowing what happens with his money ("My accountant looks after that") to categorically knowing first hand that he always pays his tax. Make up your mind 'Arry. Either you know about your finances or you don't....

I'll have you know that those of us slightly to the right of centre are some of the most generous people on Earth. Fact.

Ah, cool. Yep, that would explain what I was seeing. Cheers

David Brown @DavidhBrown #Mandaric: "My enthusiastic tank is coming close to being empty..." #Mandaric: "...and one day when I leave this country and go back to America.. "I am going back [to US] with sadness and unrepairable damage to my family. I ask myself 'why?' James Pearce @Pearcesport Mandaric's lawyers call 2 character witnesses. 1st is American. "Milan will race you up stairs in subway. Doesn't drive round in limousine" That's end of Mandaric's defence. 10 minute break. Then Redknapp defence will begin and jury will be told if Redknapp will take the stand

To be slightly fair, he said "one or two" rather than "lots"

Write to him? Seriously....

Ok. Time for someone to write to their MP to raise a question next week asking for the PM to protect the interest of UK taxpayers, local charities and businesses.....just for balance....

http://www.bbc.co.uk/news/uk-politics-16831798 Tory Penny Mordaunt urges the PM to tell HM Revenue and Customs to meet Portsmouth FC to discuss how to keep the club afloat. Mr Cameron promises to do all he can to keep the club afloat

Portsmouth Penny Mourdaunt MP just asked a question in PMQs about Pompey!!!! Cameron: "We must do everything we can do to keep this friendly rivalry (with Southampton) going" Bloody CaMoron! Who the f*** am I going to vote for now!?!

James Pearce @Pearcesport Mandaric says he's spent his life "Paying taxes and doing things the proper way, like every proper person should" More discussion in Redknapp/Mandaric trial about name of Redknapp's Monaco account. Mandaric "Rosie was a very cute dog" Prosecution claim Rosie47 was secret account. Mandaric :"No, there was no secret account. There are no secrets about this at all" Pros: "This was off record bonus paid to your manager offshore." Mandaric "That's nothing to do with truth. Sad I have to defend it" Mandaric says "never in a million years" had he discussed with Redknapp trying to hide money in Monaco Mandaric says entitled to be friends with his manager + make investment for him, in same way entitled to holiday and play tennis with him Mandaric: "Being here (in Court) is not something that I deserve, but hopefully one day we can forget it" Cross examination of Mandaric has finished. We wait to find out if his legal team will call other witnesses before Redknapp's defence begins

http://en.wikipedia.org/wiki/Stinking_badges

Clapham?

David Brown @DavidhBrown #Redknapp trial. Judge asks #Mandaric “what was trigger?” for $150,000 payment to manager's Rosie47 account in Monaco Post by @timesnewsdesk #Redknapp. #Mandaric says manager “didn'twant to come to Leicester w/ me” whn he sold Prtsmth and bought Leicester City. Post @timesnewsdesk

Anyone got Mandaric's phone number? I've no problem with being insulted by him. He can insult me all he likes in fact....

Maybe Harry and Milan were planning a civil partnership.....? They do sound like a bickering married couple half the time

James Pearce @Pearcesport Prosecution say that Mandaric made second payment to Redknapp Monaco account of $150,000 just days after Portsmouth beat Manchester United That was a Premier League match in April 2004. Mandaric asked why Portsmouth won. Mandaric: "Because we had a better team. Better manager" Prosecution claim that second payment to Monaco was made as reward for Redknapp after the United win helped secure Premier League survival Mandaric "For God's sake. He had contract over £4 million. Would be insult to say to Harry 'I'll give you £100,000 on top of your 4 million

There isn't a Winding Up Order in place yet, just a Winding Up Petition which will be heard by the court on 20th Feb. So, I guess that's when the fun and games will truely start.

Rings a bell with me too - I've got an upper limit of c.£5,000 in my head (no idea where I got that from)

David Brown @DavidhBrown #Mandaric in heated exchange as John Black QC, prosecuting, says: This is all about Mr #Redknapp, who is greedy” #Redknapp trial.#Mandaric denies $150,000 "bung" was to mark Portsmouth victory ovr Manchester United in April 2004 BBC News (UK) @BBCNews Harry Redknapp was "not a happy bunny" after he only got 5% of Crouch transfer profit - Milan Mandaric bbc.in/ywsaJv via @pearcesport

Ah, okey dokes. I'm beginning to grasp some of this malarkey (slowly)....

In which case, how do the Football League intend forwarding the funds to 'Portsmouth Football Club (2010) Ltd' so that they can stage a game of football at the weekend?

Ah, yes, that'll be it. I'm obviously too focused on the Redknapp side of the coin for some reason.... :-)

James Pearce @Pearcesport Prosecution to Mandaric: Monaco money was "partly in relation to sale of Peter Crouch, isn't that right?" Mandaric: "Absolutely not" Prosecution: "I'm saying Mr Mandaric that you paid a bung." Mandaric: "I don't understand where you are coming from" Pros: "Your friend Harry Redknapp knew perfectly well the money was connected to sale of Crouch." Mandaric: "You'll have to ask him that" I may be losing the plot, and/or will to live, here but I thought this was a case about whether Redknapp paid tax on the money, not where is came from per se. In other words, in the context of this prosecution, does it matter whether it was a "bung" or a "gift" from a tax evasion perspective?

David Brown @DavidhBrown #Redknapp trial:#Mandaric says“I took out of my pocket money to pay out the Inland Revenue….£100million over 12 yrs” Post by @timesnewsdesk

Worth a cut-and-paste into here for posterity.... Remember these words? "I am very concerned about the financial status of this company. It seems to me there's a very real risk that this company is undoubtedly trading while it is insolvent. "I'm obviously conscious that, by making a winding-up order, it would have very severe consequences not only for the company as a business but for the supporters themselves, but that's not a consideration that I strictly take into account." Of course, they're the words of Registrar Christine Derrett in February 2010 as the old Portsmouth City FC company struggled for its financial life. Fast forward two years and its deja vu, with a February 20 date set for the son of PCFC, Portsmouth Football Club (2010) Ltd, to have its day in court, fighting a rearguard action once again against a winding up petition by HMRC. The sums of money involved may be less astronomical - this time the club owes a mere £1.6m against telephone number VAT and PAYE & NI contributions in 2010 - but the question remains the same: can PFC prove it is solvent? If not, is there any imminent prospect of the company being sold to a new investor? By the skin of its teeth, Pompey got away with it two years' ago. Can they be so lucky again? Those who are concerned about administration probably don't need to worry about it. Following the issuing of the winding up order by HMRC, Pompey have to get the court's permission to go into administration. If you check out the quotes above, you will understand how lucky we were to get into administration last time. This time we have a major problem. Our debts are just getting bigger and there is no realistic plan to become solvent. An administrator cannot allow a business to run while insolvent so before the court allows a business to seek this protection from it's creditors it will expect to see the cavalry not just coming over the horizon, but charging into the battle. There is no question that Pompey are insolvent and the only plan to become solvent is to find a new owner willing to inject the funds CSI are no longer around to do. The court will ask the question of whether after four months without finding a buyer for Pompey there is a realistic chance of finding one. They are unlikely to accept the sort of dubious letters expressing an interest that they did last time. There is no-one around to even pay the administrator this time. Despite the rhetoric about Chainrai guaranteeing £10m to put us through administration we got through it last time by drawing down parachute payments, and in the High Court the administrators barrister quite clearly said this was done because there was no other source of funding available. Who will pick up the cost this time? Many fans have spoken of Chainrai and Kushnir stepping back in. There are many problems with that scenario, but it has to be a remote possibility anyway. Portpin are already rumoured to be ready to accept half of their previous price with no takers. For them to start putting in £4m between now and the end of the season in the hope of recouping £8m is just throwing good money after bad. Many people refer to their secured status but that is no longer relevant. If a bank lends you £1m to buy a house then discovers when they repossess it that it is in fact worth 50% of that the net result is that they have lost 50% of their money. There is no 'secured debt fairy' who compensates people for making bad investments. If Portpin were to undertake to keep the club running until the end of the season they would know that all the money they invest would be dead money. If after nearly three years Portpin have failed to find a new owner willing to give them back £17m then the chances of them finding someone willing to pay £21m is an LSD-inspired daydream. Pompey have probably left them at the point where it isn't worth chasing their losses any more. The prospect of winding up also explains the lack of significant movement outwards in the window. There is no point selling players unless the £2.4m needed to discharge the winding up order, (£1.6m already cited and once wages are paid another £800k apparently becomes due to HMRC), can be raised. As you tend to get 50% of any fee up front and the rest in instalments the chances of Pompey raising that kind of money are remote to say the least. Better to keep players who will attract a new owner and could potentially be sold for good fees in the summer to fund his squad rebuilding efforts. But this time the football club fairy godmother may well baulk at bailing out PFC once more. As things stand, it is a pretty good bet that Pompey will not survive the hearing, if it gets that far, in a little under three weeks' time. Lampitt and Andronikou are obviously not going to appear in The News telling us we are doomed, largely because it is their job to try and sell/save the club. They won't concede defeat to HMRC before even arriving at the courtroom steps. They will exhaust every legal avenue but it looks a doomed effort. Pompey, in its current guise has but 20 days left to live. Without a new owner we are going to be into Plan B country. Never ask for whom the bells chime; this time they chime for us.