benjii

No. The petition hasn't been granted. It's stayed. A winding up hasn't commenced. If it was that easy to cause a company to cease disposing of its assets, you could make all kind of mischieve by going around serving winding up petitions on people. The questions that will need to be addressed is whether or not Chanrai's security can be challenged inder the insolvency act or whether the sale of Fratton Park can. For the former, it would depend if it was a "Preference" (as defined in the Insolvency Act). I think this is unlikely, as on the face of it Chanrai lent them money so granting him the security wasn't treating him in any way unusually and was a perfectly reasonable commercial act. For the latter question, it will depend whether the sale was at an "undervalue" or not. If it was at book value then, again, it's probably ok.

Haven't read the intervening pages so I'm sorry if this has been covered but.... You can only register a charge within 21 days of its creation so there must have been another loan in December or it was suddenly decided that security was needed (if the latter is the case then that security could well be subject to challenge). Whatever... anyone who still maintains that Chanrai's involvement is a coincidence and nothing to do with Arkadi Gaydamak needs their head examined. It is also inevitable that this administration, assuming there is one, will be massively messy.

"Aiming" for the play-offs and setting the play-offs as the minimum benchmark are very different things, as you well know Mr Fry.

I'd be up for some "May Madness" this year please if you're reading Saints!

Yeah, but everyone knows that if you draw an away game against a team lower in the league than you are it's time to sack the manager.

Yes, that is exactly the point... except that in fact it's worse. The stadium is also not owned by PCFC Ltd (according to recent reports). The assets therefore seem to be: some player registrations goodwill a "golden share" (suspended) and, er....

EDIT - I assumed this was a joke about the show. If it in fact was a reference to someone suffering from Alzheimer's then I withdraw the laughs. No offence intended.

I agree with this. HMRC won't cut a deal out of principle. Gaydamak and Chanrai are in a stronger position then a creditor usually finds themselves in because they own assets (subject to any finding to the contrary!) that the insolvent company needs, or at least wants, in order to be viable in the future.

He's not compelled to pay for it, but the reality is that no one would take it on without a guarantee of payment from something/someone more financially robust, shall we say, than PFC!

I like Farage. Obviously this sort of thing is a publicity stunt but when you see him on a forum like Question Time he is one of only a few politicians who actually bother trying to answer the question put to them. You might not agree with his views but if more politicians were like him things would be better IMO.

I can't believe there are some people who haven't put him on "Ignore". Seriously.

Sensible analysis but one I hoe the players ignore for as long as we have some chance, however slim.

This isn't a witch-hunt but obviously the fishy-few's predicament has focussed attention a bit... it is ilogical to have sanctions for insolvency in some competitions but not others.

An email campaign perhaps? Not to try to get us reinstated, just to get those cheating ****s dismissed. Not just them actually, any club in admin. Admin is likely to be an increasing phenomenon. The PL and FL, the two bedrock competitions of English professional football, have recognised that you need to have sporting sanctions to compensate for the possible unfair advantages of "financial doping". It is bizarre therefore, that the FA, the guardians of the game, appear nonplussed about insolvent clubs continuing to compete in the FA Cup when any competitive advantage is just as significant. Write to the FA and ask for clubs in admin to be thrown out. Soon... !

No, we (SLH PLC) did. And I still maintain that any suggestion Barclays give a fig about PFC at the moment is down to nothing other than misguided journalism.

Awesome, I've always thought Alexis was a right little sex-pot.

Stop two-bit din-plugging my thread with this Grease waff.

at all the guesses about stuff. It's like the old takeover threads. People would come on and say "well, if this happens then it means this because the law says this", and it would be complete rubbish. I almost miss the old takeover threads. Actually, on second thoughts, I really don't! We have one of the best owners around

The company will be wound up. The club (ie the assets necessary to operate a football team, and the place in the league) could still be bought from thecompany.

That's just not true. You have to consider games in hand. When you're talking about one of the top sides in the division it is silly to assume we won't take any points from the games in hand.

and then having a strop when he gets exposed. It's a fun little routine though.

Look, since we got our team settled, around the Bristol Rovers home match, our form has been play-off standard. Since then we've improved the team further. There is every reason, as things stand, to think we will finish very high up the league next year. Obviously if we go on a poor run for the rest of the season or something unpredictable and really bad happens that might change. For now, I think most normal people are enjoying themselves and looking to the future with great hope.

I would hope to pay less tax, so fingers crossed!

From a quick look at the League table there appear to be 4 teams with a better away record than us. I presume when you talked about "grinding out results" you were talking about away matches, unless you want us to "grind out results" at home (sure you'd love it). If you think 5th is a "****ing joke" then I do wonder what you would do if you were a Gillingham fan.....

"It is heading for administration and that will make us a pretty good bargain, so I would imagine someone will pick the club up quickly enough." PMSL Why does he keep trying to lie? Surely now is the time to resign, bugger-off quietly and work out your defence to the criminal charges against you.