tony13579

"The balance [£200,000] has been retained to cover our fees, lawyers and counsel fees," Andronikou said, adding he would have been prepared to defer those fees had he been appointed administrator until the club was sold." ....... But I didn't think AA was working as an administrator at any time for PFC. He was working for CSI. Mr Birch should call in the Plod.

Your shed of a ground requires new loos, Pay £200k to terry the builder

http://www.youtube.com/watch?v=ht8JDbWUM1E&feature=youtube_gdata_player

for those as ignorant as me Chief Financial Officer: John Redgate Nick Byrom. Title: Commercial Director at Portsmouth Football Club

Chance cards.... You applied for an early parachute payment... collect £1.8m

Those community chest cards..... You held a bucket collection for the cancer charity, Pocket £15,000

No If you go bankrupt your debts part paid and the rest get written off. and you are banned from credit for 7 years. You are discribing the situation when you post the keys back through the letterbox. If Pompey had a Winding up order the same would happen as a person going bankrupt. The debentures would become only worth the curent market value of the assets.

I doubt the wisdom of celebrating four ones.

So Mr Birch is deferring January's pay and probably pay up to Feb 20th. Will he pay them in full for 10 days in Feb and pay tax and NI? If he defers pay to the staff & players in excess of 4k per month till the parachute payment is due he could eek out the cash a long way as the tax would not be due until the wages were paid. If he makes people redundant that is quite a lot of redundancy pay to come out of his £2m. Is it 3 months notice? + generally 1 weeks pay per year employed (different ages get different deals)

They might have had the cash gate money from that canceled match.

Reading the statements by Mr Birch, they are very carefully. He is pleading Pompey fans to "keep the faith" but he is not promising to save Pompey, or find a buyer. He is not promising to pay wages. I think we need to deduce what he is not saying rather than what he says.

The silence might be a lack of action, or it could be because a criminal case is likely ;-)

TSW must have a meeting too. LOL

PFC (the debt junkie) has just entered rehab. Can it suvive cold turkey... watch this space

He has £2m in the current account to work with. He can afford the scan, He can pay a months wages he can pay the police Previous bills dont matter at this time. or he can make redundancey payments for ordenary staff

hows about.... 10 points admin 10 points misleading finances 10 points not paying staff 10 points not looking after players medical welfare

AA is TOAST

Either he cuts it to the bone and makes it break even, Or he puts the sick PUPpy down

could HMRC appoint Baker Tilley and then immidiatly wind them up?

ear wig joe

For tweets from court during #Pompey admin hearing follow @pn_chris_owen and http://portsmouth.co.uk. Less than 30mins 'til it kicks off.

@TonyHusbandBBC Tony Husband #pompey We're at the High Court and in Portsmouth today as #pompey apply to go into administration. Fuill coverage and reaction 1.30 & 6.30

I can't help thinking this thread has been HMRC's 12th man I need them to die! But I fear the loss of this thread and what I will do to fill the gap. We should of course remember the ordinary employees. I wish them well and if any of you recruit staff you should give them fair consideration. No firm should be allowed to trade the way they have.

When someone buys an antique book from Arlesford (tcwtb's shop) do they realise that book has traveled in that van which his motley crew use for away matches, boozed up & peeing in a bucket!

I wonder wether they have heard this news. Wouldn't it be a shame if they turned up too late...