Exactly. I wouldn't be surprised if some of those bigwigs have received brown envelopes containing some of Cheats FC's ill-gotten gains, and maybe now some of the bigwigs from the FL too (look at how lenient they have been already regarding the embargo). Don't be surprised to see them avoid points deductions.
CHEATING, LYING, DESPICABLE BASTARDS.
Well those barstewards voted to increase the parachute payments to £48 m (more than 3 times what we got), so even against all logic it wouldn't be too surprising to see them giving another helping hand to Cheats FC.
Therein lies the rub. How on earth can he conclude that, apart from AA/BC's say so? InJustice Mann could've told AA to go back and work out a better CVA (something closer to the Griffin's).
If that's true, then any dodgy administrator could come up with a "friendly" Tom, Dick and Harry to claim enough of the unsecured debt to win the CVA vote, and always win any appeal. Oh, wait a minute .....
£16m to £20m, not £16m or £20m. And besides, the length of stay in the PL is irrelevant.
Chainrai needs only to guarantee that he will fund the debt payments – which on a 20p in the pound basis equate to between £16m and £20m
http://www.guardian.co.uk/football/2010/aug/06/balram-chainrai-portsmouth-nothing-promises
Well, just to play devil's advocate, it is possible that AP himself (rather than NC) told some of his players that he isn't expecting to retained if we're not in the top 4 by Christmas.
AA is already talking about paying back between £16-20 million. So now there isn't even an exact figure. Just like the sham where they bluffed their way out of court in the insolvency case and the debt amount then, now I'd bet the same will happen with the unsecured debt amount. (Deano6's analysis above is great reading).
CHEATING, LYING BASTARDS.
"You see, HMRC waited until two days before the vote to increase its claim from £24m to £37m."
Someone refresh my memory please: is that true? I thought it happened quite a bit before the vote.