rallyboy

looks like it was the taxman's fault after all, he should be paying them something as an apology, I bet the greedy git kept taking their VAT off them as well. Those spiteful creditors as well, providing services and then expecting payment!! Is AA the first football administrator who has actually forgotten to administrate and is instead pretending to run a little football club project and does everything in his power to avoid settling debts or satisfying creditors? It's so obvious he's working for one man, the authorities must be ready to jump on him from a great height. Good to see we've cleared up that there will be no more points penalties, that must be a relief to any of the few who haven't read the small print.

about as relevant as the old 'but Chelsea have bigger debts than us, why haven't they been docked points?' argument - an idiotic observation that keeps on spilling out of dim people's mouths. Perhaps we need to put together a leaflet explaining in simple terms what has occured. And on that one - pompey were docked points for going into administration, they have been punished for that (though it didn't cost them anything as they were hilariously proven to be the worst team in the division by quite a margin) There is no comparison with our situation, our penalty was imposed because Rupert missed the date. It's black and white and both offences are now history. However, the further penalties they face concern any irregularities, insolvent trading, use of illegal agents, tax evasion - plus anything else that a proper adminstrator stumbles across when he is eventually appointed. Plenty of laughs to come.

did I spy a little gem at the FL meeting? - it looks like they will be asking to see the latest accounts and the last I heard they hadn't filed any, does anyone recall that? Assuming that hasn't changed, Pompey will fall foul of a new ruling. It would leave them under a transfer embargo already. If so it will only be lifted when they file accounts - and that will lay bare some facts that might clash with one or two of their 'financial reports' previously lodged with courts and expose AA's debt-creation scheme so he'll be in no hurry. If the press report of the meeting is correct and the league back their word, Pompey can't recruit players.

I know there are a lot of pages here but when we discuss an article for three days and then someone puts up a link to it like they are the Sky newsteam breaking a massive story, are they being mischievously humorous or just too lazy to read the previous posts? It happens every few pages - very odd! And for anyone too lazy to read, we already know they are in admin, it's not going well, they cheated to the cup final and it all went pear-shaped. BUT if you have news beyond the 2nd CVA proposal feel free to let us know, otherwise I think we are on top of it ta.

so they can avoid points penalties by staying in admin, but they would be restricted on bringing in new players? That works for me, it would be the penalty that just keeps on taking away! I propose a season staying in admin with a depleted squad locked in a hopeless relegation battle and then no CVA next summer. Start Lg One with a points penalty, -15 for the CVA and -12 for the irregularities which will have been proven by then - and Lge Two will be calling. At some point on this potential journey the few will have to decide when the adventure was no longer worth the longterm damage. Currently it was worth it, a cup win over one relegation. But I reckon by maybe Christmas 2011, that gamble of the club's future against a 1-0 win over a bankrupt midtable championship side will look like an act of madness, and anyone who stubbornly insists that it was still worth it will be sectioned.

Surely the fact that android has massaged the figures and he could still only squeeze HMRC down to 25% is a feck-up of mammoth proportions?? He needed to get them down to 20% to have a chance of forcing a ridiculous offer onto the creditors that he's meant to be working for. Bit late now to find some extra debt, the whole lot should be referred back to the original Vantis report. Has AA made a crucial miscalculation?

just when I thought AA had gone quiet he reminds me of what a great comedy double act he and the prossie-botherer were. Other than interviewing potential managers, advising international players on football ideas, racking up fees working on a pointless european appeal, ignoring obvious criminality, failing to address debt or creditor's concerns, upping the wage bill, underestimating the taxman, allowing the debt to balloon, creating a fantasy CVA plan and signing autographs - has AA thought about doing some actual........well, I don't know how to put it really........shall we call it, administrating? The circus is still in town.

those who don't get the obsession can't have travelled east of the Hamble in red and white. If your missus or kids had been abused in the street just for wearing a shirt you would have an opinion on those that dish it out. So all those back in the cosy wardroom can just worry about Saints, the rest of us in the front line trenches will not only do that but we'll keep an eye on the enemy as well, on your behalf.

Rangers offering Pompey money for Smith?? Two penniless tramps fighting over a sock.

Perhaps AA had forgotten to include the £48M income in his CVA calculations, he will be pleased HMRC has corrected him and allowed him to improve the deal for the creditors he is so obviously working for. I'm sure the Prem can easily find a loophole for controlling the distribution of the parachute payments if they feel the club owners are likely to trouser it. And just to cheer them up further I guess lovely uncle Avram will now start to rip the remaining heart out of their feeble squad in the style of Redknapp and take the last assets to West Ham - even though he loves the fans and their spirit will never be broken! What a legend.

unlike the harbour stadium this is a development. If HMRC overturns this then there could be no debt written off - the football debts have to be paid for them to compete, wouldn't all other debts have to then be paid at the same rate - 100%? Even if the real debt is £100M the figures are nowhere near adding up, Chanrai is firing up his Hertz Focus just at the thought of it, and the creditors must now be planning to wait before approving any CVA. A victory for HMRC would surely leave this blatantly insolvent business dead in the water?....

Palace went into admin and soon found themselves on the brink, they have made real redundancies, were forced to sell and they still cannot pay the wages - they now have 24 hours to save the club. This has been the brutal scenario for every single club that has suffered this fate, apart from one.... Pompey are happily chugging along through an ocean of debt like a company without a care in the world, planning transfers, drawing up a shortlist of managers, booking US pre-season tours. Yet Palace with a much smaller debt can't plan beyond tomorrow teatime. It's about time Pompey went into 'genuine administration' with an independent administrator who could finally made some sort of effort to address the debt. In six months I have seen nothing to suggest that they intend to pay anyone, anything. No player sales of any significance, increased wages, no debt clearance, no deal agreed with the taxman, just blatant insolvent trading. for the 1,375th time we ask - how long can the authorities let this charade continue?

the FL haven't even taken them under their wing yet so we have no idea what they have in store. But I would wager it won't be as generous as the Prem. Let's wait a few days and see how their new league welcomes them......

sorry Nick I disagree about the strength of their squad. You think of the quality we had when we dropped out of the Prem, far too good to go down (!) and certainly good enough to bounce straight back....(!!!) Most of their players will depart and even the old donkeys on big money may find the paycut too much to take. Without investment their squad will lack quality (I don't see that happening) and we know that the CCC may look weak on paper but come 3pm it's a jungle where the weak get savaged. They will be a scared little victim and even the likes of Millwall, S****horpe and Doncaster will be keen to get at them. I see no investment, no fairytale, no full houses, no glorious return.

But if the club is promoted back to the Premier League within the next five years, the creditors will get a boost of an extra five pence in the pound Well that makes all the difference! Local businesses are going to be shafted but if Pompey win the lottery they might give them a fiver! If a company did that to me I would happily write off the pittance on offer, vote against it and dance on their corporate grave.

Let's not forget that we're still only getting AA's version of events and he's the only one telling us how everyone loves his CVA plan and that Operation Liquidation is foolproof. The taxman has historically declined far more than 20p in the pound, I don't see that he'll accept less now, and there's no way I see the authorities accepting AA's progression from administrator to liquidator - at the helm of the fraud investigation into his own client?... Chasing dodgy directors just isn't worth cash to HMRC, Storrie won't be coughing up £20M on his way to Ford. Their best chance of maximum revenue is from the club, with their current claim. I'd be surprised if they don't continue to chase the lot.

bloody hell Phil, I thought you'd slipped through onto the dark side for a moment there. I still see their financial planning as built on sand, with further charges to come.

and AA seems convinced that the club will now be self-funding. On 10,000 gates and a £10K a week wage cap, with Storrie back in doing the accounts. So he doesn't need a new owner or further investment, the glory days are around the corner!

anyone who wasn't moved by Matt's goal against Arsenal at The Dell has the emotional detachment of a serial killer and should seek immediate counselling. I think we've established since that the whole ground was choking back a tear and covering it up by putting on sunglasses or coughing in a manly way. Relegation is a slow and predictable process and for me is less sad than leaving a ground which holds so many memories - it's saying goodbye to decades of your life and to many people, and Matt provided the perfect farewell moment.

I've wasted 332 posts of my life on this thread, and to think I was going for quality over quantity...and now some geek will tell me that 90% of my total posts are on here. Maybe I would rather do gags about Pompey's appalling mismanagement and their staff's massage habits than discuss whether some bloke in the pub says that our season ticket prices are going up/down/staying the same.

Storrie didn't bother to include the small matter of wages into his calculations. The sums are quite simple Buy five players, make huge profit on one, break even on two, lose money on two = no money lost overall, and let's not forget the bonus opportunity to deal personally with the agents.... The transfer deals look okay when you don't take into account agent fees and wages, and there were so many deals it's as if someone was getting paid just for signing players. Even since January I would estimate that the handful of additions to the squad have cost the administrator/club over £5M in 'fees', wages, contract buy outs and little extras, more than sensibly-run competing club's budgets. That was not 'poor plucky Pompey' making it to Wembley, that was a club still paying over the odds for average players to strengthen their squad whilst trading insolvently. Paying ludicrous wages that the club can't afford is clearly cheating. When Crouch was lured from Champion's League football with his wages doubled the alarm bells should have been a ringing. When Arsenal couldn't match Diarra's wage demands but Pompey could, it was obvious what was going wrong, and the debts just kept climbing. And when they lost their main source of grubby money did they slow the spending? No, they changed up into fifth and drove the bus over the cliff. Now they seem surprised to find themselves on the rocks - then again who could have predicted the situation we now see. (other than about 1,000 people on here, or a six year old with a basic grasp of numbers)

so AA's not sure if James is ready for management then... Is David James impressed to hear a crap bean-counter announcing his opinion on an international footballer's credentials?? In defence of the one worthy human being on their books one might observe that he could fairly respond - 'stick to book-cooking and thieving you crook, stick your football opinions where the sun don't shine!' The administrator is meant to be sorting the business for creditors not posing about in the papers and signing autographs, methinks he's enjoying the glamour and the bright lights of downtown Fratton too much.

just curious, how are they financing the business at the moment? is someone slipping parachute payments under the counter or is Chanrai pouring his children's inheritance down a black hole? There's a lot of wages that need to be paid before they see any income and every other club that has gone into admin has struggled from week to week. They seem to be carrying on regardless - so as Dinenage would say, how?

The FA is waiting patiently and has made noises before about the club not being under their jurisdiction until June 3rd - I think we will see fireworks after that, or at least the toaster coming out of it's box. And I don't see why the taxman would write off chasing the £35M to try and get something out of the likes of Storrie, their main target must still be the business itself. So that little light at the end of their tunnel is in fact the taxman and the FA adjusting the sights on a Gaydamak autograph edition rocket launcher.

a dreamer with no cash waiting on a fantasist making it up as he goes. Not exactly a heavyweight battle of wills, or the potential for a happy ending. Less like Pinnacle, more Laurel and Hardy.