pedg

Is there not a uefa law or similar coming into force about club finances?

There obviously needs to be an adjustment across europe as well as just in the UK. just look at the size of the Barcelona debt at the moment..

I guess that if the FCR was removed that the total sums for transfers would probably go down as the club selling would be more inclined to insist on the full sum up front. Some might say that this is a necessary adjustment anyway.

Not sure if this has been posted. http://www.accountancyage.com/accountancyage/news/2267176/football-industry-needs-give PL defending the football creditors rule (think of the poor children, sorry clubs) in front of a parliamentary committee. Does not sound like they were too convinced.

Encouraging people to go to the next match only to then be told he can't play as they have run out of the letters K,N,S and O to put on the shirts?!

http://www.portsmouth.co.uk/sport/Andronikou-We-are-confident-over.6443778.jp More dodgy editing by the News. Says he is confident that he can sell pompey if the appeal goes their way which has been turned by the news into confidence about the appeal which, possibly tellingly, he did not appear to say.

You have to think that there is going to be a rude awaking for some of their fans who appear to be being fed the "It's all about the image rights" line by club and press.

Details here: http://www.pompeyonline.com/2010/07/details-of-the-meeting-with-david-lampitt/ Notice he does not really go into either of the points Hutch mentions, the change in the status of the football creditors between initial proposal and the meeting and that the figure AA downgraded was actually in their initial CVA document.

What do you think the main aim of HMRC's council will be? Overturning the CVA with the minimum of effort or an all out attack on the validity of image rights and the football creditors rule?

I'm guessing that the answer "Because otherwise the vote would not have be passed" is not going to cut the mustard? Actually you wonder if HMRC might save these 'bankers' for the end? It sounds like they have been on the lookout for some 'low hanging fruit' to both tests the law on image rights and the football creditor rule. With pompey providing them with something akin to a broken branch on the floor would they not take this opportunity to test both as it is by far the best opportunity they are likely to get?

I will take a wild guess at the latter

To be fair it did sound like he was talking on his mobile whilst running away so he was probably distracted....

Don't forget Mandaric's day in court!

Can believe the transcript of that coming up in court. He calculates that their liability might be £5m but he refused to include all the image rights in the CVA. Also think he needed to be firmer on why he excluded that part as the rules, as I understand them, say that unless he was categorically sure he could exclude them he had to include them and then appeal, not the other way round.

I think 20,000 is a better target, both 50,000 posts and 1000 pages. But then again, if HMRC win the court case we may have to wrap this thread up well before then.

Missed!

Don't know why they concentrate on the image rights as if it were the only thing that HMRC was appealing against. It may be a murkier area that pompey might be able to get away with but there are several other parts to their appeal, such as the way the meeting was run and the failure to circulate the changes to the CVA, where HMRC are on much firmer ground as I see it.

Odd isn't it. Especially as it appears as far as the technical details show, i.e. not distributing details of his revised figures before the meeting and discounting a share of HMRC debt when he should have included it and appealed if he disagreed, he appears to be bang to rights.

I think it depends on where AA plays himself, the quality of his half time team talk and the enthusiasm of the crowd having read his program notes.

Something exciting better happen soon as will be disappointing if reaching 30,000* posts is a bit of a damp squib. (* Ahh, this thread has grown so fast. I remember when it was a mere few thousand posts long and just learning how to point and laugh)

An extra terrestrial origin for AA would explain his hair...

http://www.guardian.co.uk/football/2010/jul/26/the-fiver-manchester-city-portsmouth THE LAND OF THE FREE AND THE HOME OF THE UNSCHEDULED 42-HOUR STOPOVER BP might be suffering from bad PR at the moment, but if news of Portsmouth's pre-season tour of North America is anything to go by, woes prompted by photos of disconsolate and dead-looking sludge-soaked brown pelicans could soon be eclipsed by those of another well-known oil retailer. Pompey's website proudly informs visitors that their away travel is "fuelled by Texaco", who everyone who is anyone in the petroleum industry is aware, are the official motor fuel partner of the npower Championship. Whether Texaco's remit stretches to fuelling Portsmouth's travels beyond the Championship's boundaries remains unknown. If it doesn't, their public relations wing could do worse than rattle off a short press release completely disassociating themselves from an expedition so beset by misfortune it makes Shackleton's Imperial Trans-Antarctic expedition seem like a fun-filled weekend jolly for the lads. Relegated, potless and still very much in administration, the very fact that Portsmouth's budget stretched to a pre-season tour of anywhere more exotic than the Winchester bypass is surprising. But led by new manager Steve Cotterill, the club's two-week trip to USA! USA!! USA!!! and Canada concluded yesterday when a team comprised of trialists, youth-team players and a clatter of their few remaining registered first-team players were whipped 4-0 by DC United. It was the high point of the kind of bad trip that gives LSD a bad name, if only because it marked its end. Luckless Pompey's problems began a fortnight ago when a cancelled connecting flight meant a journey to San Diego ended up taking 42 hours. Travelling on to Canada, two players had to be sent home with knack, including suspected leg-snap for goalkeeper Jon Stewart, who as it turned out, was one of the lucky ones. The remaining players and backroom staff found themselves stranded in Chicago when a storm grounded their flight from Edmonton to Washington, which meant the players arrived for Saturday's match with DC United having had just four hours' sleep and lost 14 items of luggage, including their kit. The final indignity? Having to wear the away strip of their hosts as they had their backsides handed to them by Major League Soccerball opponents in a bad-tempered 'friendly' played in temperatures so sweltering the referee very considerately sent three players, including Hayden Mullins, off to cool down. "The one thing about this result is that it's shown the position we're in. It's painful," said Cotterill who, to be fair, probably hadn't envisaged a future in which glitter and candyfloss featured prominently when he agreed to take the job. "We've got some good honest senior lads here and some youngsters who are trying their hardest. The kids have got to be at full tilt to be anywhere near the team and we're going to be playing in a man's league in a couple of weeks' time." In poker, a player on 'full tilt' plays with wreckless and ill-advised abandon after suffering bad setbacks. While this may well be the reaction Cotterill gets from his younger players, the Fiver suspects it's not quite the definition of the term he had in mind.

Think his sidekick CEO last stated it would be early August?

Which, to be fair, is quite valid as he is now far more recognizable than just about anyone else associated with them.

If I was the FL I would give the dispensation to get in a new keeper.. as long as it was one of the players they recently released.