positivepete

Flying out tomorrow wont be able to catch the match and the plane. Back April time... Cheer on the Roar for me

As every chess player knows, just sacrifice your queen for that final pawn, and finish with a king and rook vs king end game. Straightforward win, less chance for a clumsy stalemate than with a king and queen vs king ending.

fair dinkum What will we do with our time when they go pop?

Rubbish! The FPPT is not a process for forcing owners on a football club, the club directors choose whether or not to sell the club, and who to sell to. It is still up to the directors to carry out due diligence, they cannot abdicate that responsibility to the governing authority. The problem here is that the club have had a series of essentially forced sales because they have been insolvent for years, so the first hat in the ring has been picked up in the vain hope that one day it will turn out OK. The club should have liquidated two years ago.

Excellent. Is that a full house I can make out in the background?

In the same way as they capitulated at West Brom on our last day in the Premiership!

Ignoring the fact that as a limited company it is the club directors responsibility to carry out due diligence on new owners; as someone pointed out on here a few hundred pages ago the FPPT clearly works very well, PFC got new owners who were fit and proper for PFC, and who maintained the fine traditions of running the club in the manner of their predecessors.

http://www.guardian.co.uk/football/blog/2012/feb/14/west-ham-southampton-championship Love this bit... Maynard's arrival should offer some encouragement to the fans whose discontented mutterings about the team's negative playing style, particularly at home, have accompanied West Ham's ascent to the top. "Any criticism of the way we play doesn't make any sense to me," their manager, Sam Allardyce, said last week. "All this team did before was lose."

+1 - Cheers for that, I will read your posts in a new light now I know you are a radio 4 listener

Good to catch up last night Cookie. PFC update as promised... this sums up where they are now http://www.twohundredpercent.net/?p=17350

http://www.guardian.co.uk/football/blog/2012/feb/03/the-secret-footballer Always an interesting read, and especially so this week.

http://www.guardian.co.uk/football/blog/2012/feb/03/fans-portsmouth-winding-up The press are getting ready for the big day....

A step backwards. Previous upgrades have been good and intuitive, this one will take some getting used to.

I (and many others) saw Puncheon play CM for us away at Wycombe, and he had to be moved after 20 mins! Not going to hold that against him all his life, but I think we have enough CM's without needing JP there.

Where is Clapham Saint when you need him? Administration (voluntary or court ordered) is only an option for a company if it can be funded. In other words the company cannot trade at a loss during the period of administration. PFC 2010 are trading at a loss, so any administrator would have to sell assets to fund the administration. They own nothing except players contracts. Players cannot now be sold to raise cash, although in theory they could be loaned out to reduce the wages / outgoings, but who would take the wages on? The only other form of potential funding is from Chinny, and it is highly unlikely he will do that again. This is why even AA is saying administration is not an option

I see that the lad Bamford who scored four past our U18's in the cup has gone to Chelsea for £1.6m. A couple of weeks too late sadly.

reminds me of this gem from 2010 http://swissramble.blogspot.com/2010/01/harrys-game.html

Does Portpin have a lien on the players for the cash they are owed on the interest and principal from the previous loans? Perhaps that is why they are not selling any players, the money may not go to cashflow or HMRC anyway.

Any administration needs to funded through cash flow or from third party funds. The first option is not happening, so unless someone funds the administration any company must, by law, go straight to liquidation

Which is why many do not like the football creditors rule. Players can just sit there knowing they will be paid as soon as someone wants to take up the clubs "golden share". Mind if no one takes up the golden share and the division loses a team mid season .....................

As Jimmy D said earlier, the HMRC are gunning for a winding up. After letting OldCo rack up millions of debt, HMRC would be crucified if they let NewCo do the same. Despite what the local MP says, HMRC have no choice. It is taxpayers money.

Olli Rehn, the European Commissioner for economic and monetary affairs said "We are very close to agreeing a private sector deal in Greece, if not today then over the weekend, and in any case in January rather than February." AA (not) the administrator of PFC said something very similar ................... Have they ever been seen together in the same room at the same time?

http://newsthump.com/2012/01/24/mario-balotelli-angered-by-%E2%80%98deliberate%E2%80%99-redknapp-tax-evasion/

Me! Saints shirts at the Caxton? !

Except that as Hutch as pointed out above, under pressure from HMRC, Baker Tilley were appointed as the administrators of Oldco and the CVA so that AA could not delay the payments as he did at Swindon.