pedg

I guess given that it may be a toss up between administration and liquidation depending on how likely administration is to achieve anything their brief may be to try and provide information indicating that administration is feasible?

Possibly because they can only work as 'Administrators' once they have been officially called in?

http://btdemolition.co.uk/demolition.html ?

I suspect it must be 'Lost' as its the only thing with a plot line more unbelievable than what's happening at pompey!

http://soccernet.espn.go.com/news/story?id=738464&sec=england&cc=5739 Its Story time again... "Our objective, now the new owner is in place, is to seek from the courts a 'stay' of the winding-up order. We need time for a new buyer to come in and then we will be in a position to pay the Revenue. "If the Revenue wind this club up then they will get nothing, and that cannot be the right answer. We're in talks with potential new owners, which would be our fifth owner already this season. Plus interesting to note that the Saudi thing appears not to have come from the prince contacting pompey just that pompey have gone cap in hand to him. Portsmouth have asked Saudis to help them out of their short-term crisis, despite the bad publicity generated by their previous owner. An agent representing the club has made third-party contact with HRH Prince Mohammed bin Nawaf, the Saudi Arabian ambassador to the United Kingdom and Republic of Ireland, about helping Pompey out

http://www.telegraph.co.uk/sport/football/leagues/premierleague/portsmouth/7186629/Portsmouth-set-for-fifth-owner-of-the-season-as-two-or-three-groups-show-interest.html Love this line from Jacobs: "It's got to the stage where the board will have to take every due care and consideration into the people who do come to the table with regard to proof of funds. Stable door and bolted come to mind. ---- plus "I'm confident the club will not go into administration and I urge Portsmouth supporters to keep the faith. We've been down this road before and survived." Not talking about the time you went into administration before then??

You might enjoy reading this one: http://www.guardian.co.uk/football/2010/feb/07/southampton-markus-liebherr-takeover

Going back a bit further as my grandfather served as the pilot of an Re8 reconnaissance plane for the Royal Flying corp in WWI

Jacobs not challenging Chainrai's takeover. http://soccernet.espn.go.com/news/story?id=737389&sec=england&cc=5739

Now hoping for a wolves win tomorrow to add to the pressure.

Even then the 25M is probably a fib as they have been avoiding paying for so many things I very much doubt they have an accurate idea of how much they owe.

Who in their right mind is going to invest within 5 days when it would probably take a month to do due dilligence?

Closer to 3M and probably a bit lower now.

Not forgetting that they will need to find probably another 10M for salaries till the end of the season, or does the world inhabited by Ho, etc, not include ongoing running costs?

You are incredibly stupid aren't you? Was the 7 Million you got (or rather didn't get!) the first payment of the season? Do you know how much you have got from TV money this year so far? And yet you claim you will get a further 23M without any proof.

I thought it was discussed earlier and that the team finishing last only got about 1M. Might be another batch of sky money but I assume that would be about 7M again? Maybe Ho could point us to the documents that say they will get 20M at the end of the season?

"It's certainly good value. The club will go for nothing. The new owner would, though, have to take on the debt, and excluding the money owed to Sacha Gaydamak, the debts are down to £25 million, and most of those are normal footballing debts." So where does the 17 million from Chainrai come into it? Can't believe he could write it off? Not to mention the HMRC debt? More fibbing I expect, will see what happens if these people finally get a look at the books.

Story.. "Yes, just me and a suspiciously large number of person sized bags"

Straws clutching at. If they want to revoke the FA rule about an emergency loans not counting then they had better take their keeper back and return the 3.25M to stoke as that's the only reason he was able to be sold.

'Aruna has officially made his number of games, the transfer fee has to begin to be paid in this beginning of February,' added Martel. He better go and join the longer queue at FP for creditors then!

Their wonderful (and easily misled) fans don't you know?

Expect the PL will be deliriously happy if pompey go into admin. 9 points penalty means they almost certainly shot of the problem and the administrator will probably be encouraged to carry on till the end of the season before admitting they can't find a buyer.

One would guess that the majority of the 600 are match day only jobs so one assumes not those people only source of income.

Talking of the Times an interesting read: http://www.timesonline.co.uk/tol/sport/football/premier_league/portsmouth/article7015810.ece The paperwork and courtroom battles are not over, though. Chainrai still must pass the Premier League’s newly modified and more stringent fit and proper person test, although it seems hard to believe that he will not be able to rise above the cast list of bizarre characters and clandestine dealings that have more plotlines than an episode of EastEnders. Peter Storrie, the chief executive, is facing accusations of tax evasion; Avram Grant, the manager, is reportedly facing questions as a witness by police investigating a “massage parlour” he visited in December; Harry Redknapp, the former manager, is facing charges for tax fraud; Milan Mandaric, a former owner, is facing tax evasion charges; Daniel Azougy, a key adviser to al-Faraj, is a convicted fraudster, while al-Faraj, the billionaire saviour that never was, did not once turn up at Fratton Park to see the team he owned. And Portsmouth are bottom of the Barclays Premier League with little hope of salvation from relegation.

Can I have a wild guess?? Actually can any creditor join a WUO or are there constraints over who can join?