benjii

It's not uncommon for all manner of long-obsolete charges to remain registered with Companies House. Barclays are not relevant IMO. If they were they would have played a role already in this end-game. Blimey, do you not think they would have recalled all uncommited facilities by now? They did... and were paid off, like Standard Bank (at the expense of everyone else).

Guys, if you have anything like this, you should seek medical acystance.

when he was younger! What a chutney ferret.

They can, generally, make a contract subject to whatever governing law they feel like. If they're trying to undertake a transaction in respect of the land though, they would have to follow the procedures for transactions of land under UK law for it to be valid.

The company can't put itself into administration without applying to the court. "The company" is the directors. A holder of a qualifying floating charge can appoint an administrator. Chanrai is, evidently, a qualifying floating charge holder.

What's the relevance of that to PFC? PFC don't own the land. Plus, we were told a couple of months ago that Gaydamak paid off the Barclays overdraft. I suspect there is a debenture registered that secured a revolving credit facility or overdraft that PFC used to have with Barclays. That has since been paid off and no one has bothered to have the debenture released formally. I know PFC have been run terribly but the likes Al-Fahim, Chanrai etc. have all been advised by very reputable law firms and wouldn't have made such a rudimentary mistake if this charge was relevant.

See my post above.

This is most likely ********. Barclays may still have a qualifying floating charge showing as registered at Companies House but we have repeateadly been told that Pompey owe no money to any bank. If Baclays aren't owed money then they can't exercise security. It's likely that the charge simply hasn't been discharged. Not likely to be relevant at all IMO.

Shareholders can make loans to a company - there's no contradiction there.

See my post above.... if we are to believe what we have read, their debt has decreased by about £10m in the last few days

Wouldn't it be funny if Chanrai's acquisition of the stadium resulted in HMRC being a substantive enough creditor to single-handedly block a CVA? Yes. Yes, it would.

I'm correct. There is no such thing as "hearing" a SoA anyway.

I am. If they go into admin before Monday then HMRC's petition will be stayed.

That's a bit rude but the gist is spot-on. It's amazing how many people are willing to post statements as though they are fact when what they really are are guesses and inferences based on other stuff they've read. Most of the time it is wrong.

Christ, for once in my life I'm in total agreement with this ****. Still, at least DP didn't talk about golf, wine or some other boring **** he's been up to.

Next year the following rules apply to Premier League teams: 1) - Squad of 25 players only 2) - 8 of these (or is it 6, can't remember now) must be "homegrown". "Homegrown" means that they spent three years contracted to an English league club before the age of 21. Cesc Fabregas would be "homegrown" for example. I've never heard of this until tonight but it was being discussed on 5Live and I swear that is what they said. I'm surprised by the squad limit bit.

just in case, eh? PMSL AAhhhhh!!! Very noble! :smt100 To the OP: If you are hurt I hope you're alright. Mate, I'm sure no one here finds your situation funny but there's something undeniably hilarious about this thread so thank you very much indeed!

Great stuff

It doesn't really have a "great" history either does it. Few clubs have "great" histories. Most, like the Skates have a couple of decent periods and mostly hum-drum or poor periods. They had a good spell off the back of World War Two; they then had what Harry Redknapp memorably described as "fourty years of dross", followed by an FA Cup win, a couple of mid-table finishes and an impending relegation.

Hehe.

Has there been any official confirmation that PFC sold the stadium to Chanrai?

He just said, "if only Portsmouth had an executive director with years of football experience on over £1million per year to tell them to sell some players in January".

Gab Marcoti slagging Peter Storrie off on 5Live now!

No chance. If they don't have funding by Monday they will be wound-up.

The Una-bummer.