Dark Munster

That sounds like a very cunning plan. But I can't see the FL being stupid enough to allow that to happen. Oh wait a minute, yes I can.

Don't underestimate the PL. Paying them is one option. But there are alternatives.

As some have noted, it's probably more like 0.5p in the pound, after expenses. As mouthwatering and tempting as that offer may be, I maintain that surely the creditors know they have Chinny by the balls, and he won't allow liquidation (he's not going to cut off his parachute money to spite his face). I believe he fully expects the CVA2 to be rejected (unless he's weaseled himself in as significant unsecured creditor, via CSI perhaps). But I wonder, if CVA2 is rejected, can Chinny proceed anyway with a purchase, laughing off a 50 point deduction (or whatever the FL throws at Cheats FC for failing to exit administration with a CVA), as he later collects his parachute money in the Blue Square (or lower)? Of course, he's going to have to be creative with dealing with TBH and friends. I'm still trying to figure out how he's going to handle that little problem.

Except the phew, of course.

Actually, TBH is one of the main reasons why this saga is going to get even more interesting, and hilarious.

These apparently hang out in the canyon behind my house. Haven't see any yet, just lots of bloody rabbits. Obviously the snakes aren't doing their job properly.

But it's not as much as 3p. As I've said before, this "accept the 2p or get nothing" is bollocks. As long as the parachute payments are coming, Chinny will not let the cesspit get liquidated (yet). A few more thousand pages to this thread still to come.

Or something like this?

You mean they've abandoned their plan to build this?

So two wrongs do make a right.

You lucky whippersnapper. I still have nightmares about it. If we meet them in the finals, they'll knock us out on penalties. Again. The whole German squad has been practicing them since when they were in nappies. OTOH Roy will look in the yes of his players, and see who's up for it. You can bet your house on it.

Aren't you being a bit optimistic there, rallyboy? I can see a few Yeovil/Crewe fans taking exception to that prediction.

We'd go through on goals scored.

Correct. Or England 3-1 and France 4-3, etc. For once the FIFA rankings are useful. Not a huge issue when it's 1st vs. 2nd at stake. But if we lose 1-0, and France loses 3-1, then France would be eliminated by FIFA rankings. In that case I predict le excrément will hit the fan.

I reckon (and I may be wrong, as I often am ) that Trevor and the FL had a little "understanding", that the Cheats would not be wound up earlier (avoiding causing a mess for the fixtures), and in return Trevor won't be liable for the wage deferrals. Instead, they will be paid out of the usual FL/PFA sources if (and when) the cesspit of a club finally gets liquidated in the coming hours/days/weeks/years (take your pick). Of course, they may even get lucky, and the legendary highly-paid players, who fought bravely but in vain to escape the drop, will have a change of heart and voluntarily forgo millions of pounds in wages in order to save the club they have fallen in love with.

And that's the player who vows "he's doing all he can to keep Pompey breathing". With friends like that, who needs enemies?

I'm going to take a wild guess here: Chinny's portion of the unsecured debt is just sufficiently large enough that HMRC's is only 24.99% of the total unsecured debt. What prize do I win if I'm right?

Careful, don't give Chinny ideas. God bless (and protect) TBH.

In fairness to Trevor, I think the idea is to get enough crap players in, on starvation-level wages, to at least keep the cesspit of a club alive (albeit in a Walking Dead sort of way) just long enough to stumble over the last parachute payment day. Dropping down divisions, and being hit with massive points penalties, is probably not much of a concern for Trevor/Chinny et al. In that sense it is what's best for the creditors (well, Chinny at least). Of course, our heroes Tal Ben Haim and his friends may have other ideas. God bless TBH.

Yes, but is he 50% better than Rory Delap?

Yes, but don't forget the elephant in the room ... in the case of liquidation Chinny doesn't get his hands on the parachute payments. Let's see: Chinny is saying to the poor unsecured sods that unless they accept 2p in the pound (or 2p of 2p in the pound for HMCR et al) he will forgo his £18 million. It seems to me that the unsecured creditors, if they have any brains (a very big if, I agree), will realise that they have Chinny by the balls. See above. See above. In other words, all Chinny needs are 9 horses heads. Lock up your stables.

Yes, and no.

Bad news for the Cheats, I've heard it's quite stringent. They have to say "We promise to be able to fulfill their fixtures in L1, cross our hearts and hope to die", and keep a straight face while doing it.