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Everything posted by trousers
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PST Spokesperson@pompeytrust @pn_neil_allen Is Lampitt expecting to lose his job Friday? Neil Allen@pn_neil_allen @pompeytrust Once admin granted CEO usually first to lose their job. Realistically he will go.
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Josh Boothroyd@JoshBoothroyd @pn_neil_allen Can you see us getting out of this mess fairly unscathed? Neil Allen@pn_neil_allen @JoshBoothroyd Nobody gets out if it unscathed. Staff owed wages and small creditors lose out big time.
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Shane Lawrence@lawro77 @pn_neil_allen how will administration be funded? Who by? Neil Allen@pn_neil_allen @lawro77 Needs to be discussed on Friday in hearing. BC promised to fund it last time - but never did.
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James holmam@jamestholman91 @pn_neil_allen why havent we been allowed to unfreeze our account before going into admin? Neil Allen@pn_neil_allen @jamestholman91 Need a validation order. That has not been applied for yet as problems justifying it with a business plan going forwards.
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Josh Boothroyd@JoshBoothroyd@WillHShort Wrong people punished, -10 hurts the fans, the players, and the staff... @pn_neil_allen do you agree? Neil Allen@pn_neil_allen@JoshBoothroyd @WillHShort Small creditors too. Chainrai never loses out as secured creditor.
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Necramata@necramata Please God do not tell us Andronikou is the preferred administrator from UYH. Neil Allen@pn_neil_allen@necramata I would love to, but I can't! He is the preferred choice!
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Sarah Woodsford@PompeyTiLiDie @pn_neil_allen are things better or worse than the last time? Neil Allen@pn_neil_allen@PompeyTiLiDie Far far worse. Club struggled to get permission to go into admin last time. Plus seen as repeat offenders.
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Ashley Brown@ashcb91 @pn_neil_allen what are the chances of us not being docked points Neil Allen@pn_neil_allen@ashcb91 None. The lodging of administration order warrants 10 point deduction.
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sam beesley@sbeesleypfc @pn_neil_allen would admin be good for club? Neil Allen@pn_neil_allen @sbeesleypfc It would halt winding up order. Chainrai still has his grip though. Ultimately small creditors lose out. Again.
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Alan @todorov15042003 @pn_neil_allen COULD WE LOSE MORE THAN 10 POINTS ? Neil Allen@pn_neil_allen @todorov15042003 Lampitt is adamant it will be 10pts and these will be deducted before Friday.
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Andrew Dobbs@Andypompeyfan @pn_neil_allen boards crass decision to keep UHY? Neil Allen@pn_neil_allen @Andypompeyfan @gar78 Ultimately secured creditor ie Chainrai has final say. However, creditors can lodge a protest against the appointment
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The Pompey Pages@Pompey_Pages According to @mike_gee38, fire marshals have agreed to work for free during tomorrow night's clash at Fratton Park. Well done lads! #pompey Jamie Richardson@jezatron @PennyMordauntMP[/url] we MUST stop Andronikou / UHY being appointed as administrators. chanrai is bleeding us dry again #pompey
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http://www.guardian.co.uk/football/2012/feb/13/portsmouth-administration-tax-bill
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@pn_neil_allen: Have spoken to David Lampitt myself now and filed for tomorrow's paper. Time for a quick Q and A before bedtime? Go on then! #Pompey
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Ssshhhhh.....that's classified
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http://www.hsbcprivatebank.com/offices/monaco.html
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So, with that level of due diligence, exactly the same thing could happen this time around?
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The company called 'Portsmouth Football Club 2010" doesn't have an existing CVA...
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That's the key point IMO. But isn't there some double counting going on here though? i.e. How can Portpin be a £17m creditor of CSI and Portsmouth Football Club (or am I being thick here)?
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Wouldn't it be in Chainrai's / Portpin's interests to have it all under one roof though....? Or maybe not - struggling to rationalise the pros and cons
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Cheers. So is that the same as "giving notice to enter administration"? I guess it must be. Is it the 'giving notice' bit that triggers the FL to deduct points or do they need to actually enter administration first? Yes, I know I should remember this basic concept of administration but it's been a long few years!
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Because the system is flawed thus allowing them to act in a morally corrupt fashion?
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So have they actually now given official notice that they intend to apply for administration? The points penalty applies straight away doesn't it? I.e. Whether the application is successful or not?
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HMRC couldn't prove a batch of bread dough from what I've seen the last couple of years...
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Can someone draw me a venn diagram showing the companies and CVAs that AA now has control over, highlighting the creditors of each? Thanks
