Whitey Grandad

Do you know, I'd completely forgotten about him.

Thanks for that.

Hmmm... even if they get a big injection of cash in the next few days, may it not still be the case that they have been 'trading while insolvent'?

Looking at all the figures regarding income and expenditure I cannot see how their business model was ever viable. They must have planned for continuous injections of cash for several seasons, and they would have also needed a new stadium and european football. So what suddenly changed?

That's an interesting point. If they are wound up, what happens to any parachute payments? I know that if a relegated team gets promoted then the following season their second year's payments are shared amongst the other CCC clubs.

Any names?

The debt for the mortgae would have been the amount owing. Depending on the terms of the contract there pay have been 'penalties' for early repayment of the debt, but it's not normally like hire purchase where you are liable for all the interest, even if you settle early. Having said that, the new buyer may have come to an agreement with the mortgagers to settle for less than the debt.

You see, that's the part that I have difficulty with. :confused:

But who would we play? :confused:

Their liabilities over that period exceed their expected income.

Pompey get 45% of the gate profits which is presumably more than they would get for their share of the tickets so we only hand over the extra. By that time this may be to an administrator, or receiver.

I thought that the ref picked on him a bit, there were others that he let off for worse. The yellow was a bit harsh, he won the ball but it was from behind and maybe the ref thought he needed to calm the game down. There was another incident where the MK player ran straight into Thomas who was standing stock still and yet the ref gave him a long lecture. For the incident with Lallana he was no more involved than any other player.

That still gives them 2 hours to find £7.5m

Indeed. The background to all this is the FA insisting on all football debts taking priority and HMRC no longer being preferential creditors.The club has received money in the last few weeks and presumably none of it has gone to HMRC so now they are playing hardball.

I can't see it going beyond the court hearing.

ACAS may be worth a call: http://www.acas.org.uk/index.aspx?articleid=816

Thanks. I read 'ROBED' as 'ROBBED'

I think the papers said high court in London

I'm no expert (on this sort of thing) but I think it can go right up to the time they meet the judge.

There might still be a case for constructive dismissal if the terms and conditions of employment are unilaterally changed significantly, e.g. halved and back-dated. There may also be a case if the correct procedures are not followed. There needs to be 12 months employment, but don't forget that the notice period comes within this so if a company dismisses somebody after 11 months the 12 months rule still applies. I'm sure there is some free advice out there from the public services.

If we get a bye, do we still get the prize money?

'Candide' - Je l'ai lu, et en français, d'ailleurs.

There is also the wider picture to consider. Winding up the club might well result in receiving less money than waiting for staged payments, but it would send a big message to all the others that are stalling on paying their taxes. It's one thing that I was taught when I started in business: always pay your taxes.

If it's not in the contract the backdating is a no-no. The same applies to most of the others, it all depends on the contracts of employment.

Right.... if you can get a look at their medals they will be inscribed with their names and regiments. Go to the National Archives at Kew - entrance and parking free - and look at the medal rolls to see where they served and with with regiment/ship etc. Then find the batallion war diaries for that regiment. They will give you the day by day account of what they were up to. If you're lucky you may be able to find their military records, although a lot were lost in the Blitz. Go to the Large Documents room and you can call up the maps of the trenches that were prepared by the Ordnance Survey for the whole of the Western Front from the Channel to the Alps. They are large scale and everything is grid-referenced to the nearest 50 metres. The Allied trenches are marked in blue and the Germans in Red and they stretch back for miles from the front line. These grid references are given in the War Diaries so you can see on the maps where the actions happened. You can also call up the plans for each battle and the reports that were made just after. Officers are sometimes mentioned by name but Other Ranks are just listed by quantity. It's a fascinating insight into war history, the amount of planning and logistics that went into it are unbelievable. Good luck, and happy hunting! http://www.nationalarchives.gov.uk/records/looking-for-subject/firstworldwar.htm?WT.lp=rg-3065