pedg

From that article pompey on their own account for about 60% of all the outstanding debt from all football clubs to HMRC. Not too surprising they went after them. Would be interesting to know if that amount owed by all clubs has come down much recently thanks to the fear factor that the action against pompey has probably created in other clubs overdue with their taxes.

Knowing their creative accounting they are probably including all the police they have to pay for on match day and the ball boys.

But it must be true cos andy the appy android says so to... http://www.portsmouth.co.uk/newshome/FA-Cup-semifinal-will-help.6131739.jp

Is it actually on Monday? Last I heard it was some time during the week commencing Monday.

Anyone have any idea when the actual court case will be? All we have at the moment is sometime next week. Maybe once that is set it will concentrate the minds of android and others?

It looks like that even android has accepted they will get the 9 point penalty (see soccernet link) but even with this the other clubs at the bottom are so bad that they still probably have an outside chance of staying up. Given this one assumes that their tremendous support will all forgo an evening watching champions league on the TV to make the home league match against Birmingham tomorrow a sell out?

We have two very serious interested parties and I have asked them to show a commitment by putting forward a month's wages of £3.5 million, and I am waiting to see if this happens." So he has asked TWO parties both to put forward 3.5M to club that could be wound up in a week's time?? plus.. "But there have been questions raised about my independence and objectivity, so to help protect that independence it would be best for the Premier League to secure the club fulfilling its fixtures and enable me to sell the club to the highest bidder." Eh? How will getting money from the PL change the situation if you are Chainrais lapdog?

For the guardians Today in Sport thing before the link to the article about AFC Pompey groundsharing with H&W http://www.guardian.co.uk/sport/blog/2010/mar/08/today-in-sport-8-march Portsmouth are due in court again on 15 March when the process by which they went into administration is under challenge from Her Majesty's Revenue & Customs. They expect to settle that case in their favour, possibly this week

If the records were at FP that may be the case but I assume Fuglers have copies of all the transactions done via the account pompey were using and I doubt they would want to get in trouble with HMRC by not providing evidence, especially as the main member of staff involved has now, by pure coincidence, left the firm.

I am sure some papers to do with the relevant transactions do exist and were probably easy to find, just that they probably correlate to closely with what has been accused by HMRC for comfort. --- As an aside it has been rumoured that some of their financial problems was due to excessive win bonuses from when they 'won' the cup last time. I assume, in a show of solidarity with the other staff, that the players have all come out and publicly said they will forgo their win bonuses this time??

Surely if he has evidence that shows Chainrai was not legally allowed to put the club into admin and that his own appointment is not then legal he should do something about it now rather than just dither for a week and a half?

So what's the betting that the documents the court has requested do not arrive until the absolute last minute possible on Friday?

http://www.express.co.uk/posts/view/162161/Portsmouth-facing-FA-axe-for-Wembley But even if the High Court concludes that Portsmouth are not legally in administration, they could still be kicked out of the cup – because the Revenue will seek a winding-up order which, if granted, would be an “insolvency event”, and trigger the FA’s clause. If they are wound up they cease to exist so removing them from the cup becomes something of a formality.

Sure I just saw androids firm advertised on the pitchside things.

Have to be as mad as this Murdoch to buy pompey

See Pompey not the only club with murky ownership. http://www.guardian.co.uk/sport/david-conn-inside-sport-blog/2010/mar/05/leeds-united-owenership-football-league Interesting to note that: The current system, therefore, is that Mawhinney himself and three senior League executives receive and scrutinise ownership information from a club. So if (when) they went down they may have to reveal exactly who owns them to these people at least.

I suppose as well we have to consider the third interested parties which are the leagues with their football creditors first rule. An ideal result for HMRC would be for the leagues to change their rules, clubs to pay up on time and for pompey to survive to pay another day. However these may not be mutually compatible?

I think a while back someone with contacts inside HMRC said that several other clubs that were behind on their tax have come forward and paid up since they started this action against pompey so they can probably already consider it a result. There two remain fronts are obviously other clubs that are behind on their tax and pompey's. Getting pompey wound up may reduce what they would get from pompey in the longer term but the take no prisoners approach would probably prompt a few more non-payers into finding the money for HMRC.

Isn't the whole thing a glorified episode of 'Hustle'

The new pompey nursery rhyme... 12 Interested parties Wanting to buy pompey 12 Interested parties Wanting to buy pompey And if one interested party Should fail to raise the the cash There'll be 11 interested parties Wanting to buy pompey ....

The thing is, as I tried to explain, that with the current administrator there is probably more of a chance that you will get out of this with a club. Without Chainrai's promise of paying for admin no one would take it on and if it becomes clear he will have to join the rabble of unsecured creditors who is going to pay from this independent administrator?

The court may not liquidate you but an independent admin without Chainrai's safety net (that will disappear faster than you can say 'not a preferred creditor any more') might. In your case it may unfortunately be better the devil you know.

Hope he has been paid!! http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8550512.stm Portsmouth manager Avram Grant has been warned over his future conduct and fined £1,000 over an on-field rant at referee Kevin Friend last month.

Looks like androids got his hands full. 12 chancers interested in pompey. Looks like he's not falling for the IOU's in crayon. http://www.guardian.co.uk/football/2010/mar/04/portsmouth-12-buyers-administration The administrator revealed he had already met two parties who had shown him proof of funds and he had sent them away and asked them to bring him even more "transparent proof". Maybe he means this sort of transparent proof??

and it looks to me that they are following the maxim that the worse the hand the bigger the bluff.