Brizzie Saints

Think this must be an omen of things to come. Just got up and trawelled thu the last couple of pages, congrats on 1K pages and 50k posts BTW. Anyway just stuck the tv onto fox, the kids must of left it on cartoon network, and lo and behold the first image i see is Mr Krabs, now if thats not an omen i dont know wot is.

F*cking brilliant

Anyone going to Suncorp tommorow night?

Mr Krabs is back and this time he's serious! AMERICAN Sicilian businessman Joseph Cala says he has reignited his interest in Pompey. Mr Cala, who withdrew his interest in taking over at Fratton Park last week, told his Facebook followers he was considering making a new approach to take over the club. Speaking to The News last night, the 50-year-old said he had been in talks with Portpin, the firm owned by former Pompey owner Balram Chainrai. Mr Cala said he will bid to buy a debenture he claims is owned by Portpin in order to become Pompey’s new owner. ‘I am officially back in,’ Mr Cala said. ‘For the fans, it’s not as bad as it appears. It’s very easy to fix the Pompey issue. ‘It takes money immediately but it’s really a cash flow issue, not debts. They are not bad at all. ‘It’s done with the right heart and money up front. ‘If I become owner, I will remove the debenture and give it to the club as a gift.’ Mr Cala said he did not fear a points deduction from the Football League and said the authority can only punish the club if it is placed into administration. He added he was not put off by the club’s £1.6m unpaid tax bill and winding-up petition from HMRC. If he takes over Pompey, Mr Cala said: ‘I will pay the tax bill off in one go. ‘I do not want the tax office on my back.’

He is the master of the "Mind F*ck"

Spent many years with ST's in just about every lower section of the Dell. Longest spell was a Season ticket in the lower east corner for about 3 years before moving to the back row centre of the bike shed, fantastic days, also had a ST Kingsland Blk 34 for the first year at SMS before moving OS, still miss it havent been back since, one day maybe.

I think the land in question is in Bikini Bottom

Nah weve just ignored it as its just more tabloid BS that wont float. Ps 1 post left

I'm sure Mr Krabs will look after it for ya

Inflatable Fish seems pretty good, usual balloons and a sea of red & white The south american tick-a-tape would look awesome but is over once its done. Replica westwoods but in R&W, bells & clown boots optional

It's a bit of a inconvenience but I suppose I could go round the yard and pick up all the dog turds for them

Good point

Feel free to change/ adapt the lyrics as u want, just thought the tune would be sharp, snappy and maybe everyone could keep to the same speed.

How about (adams family) He’s Fast As F*ck and Tricky And Plays up Front with Ricky He always takes the Mickey Tadanara Lee

I'm sure the ECHO keep using this picture for a laugh

The rules are pretty clear all points expunged, thats the rules everyone signed up to so thats the outcome, irrespective of who gains and who loses out. As they say you win some you lose some, just turns out a bonus for us. But at the end of the day the FL will decide, which ever way they go theres gonna be a sh*t storm. Happy days

Yeah I'm not sure about it either. I've been trying to find out about timing and usage of parachute payments but cant find that either. I know i read somewhere about a Transfer Embargo and also been searching for details when under a CVA but its hard to find stuff. Anyways, heres looking forward........I see the old girl on the mobility scooter is out again:lol: Wot we really need is a P*mpey Saga Wiki Page with all the facts and rules so everyone can just see where were upto without going thru almost 1000 pages. It could contain a list of likely scenarios with the consequences, ie, Administration -10 points Sure someone has enough knowledge and time to put it together.......

Extract from FL rules 'Insolvency Event' refers to any one of the following: (a) entering into a Company Voluntary Arrangement pursuant to Part 1 of the Insolvency Act, a Scheme of Arrangement with creditors under Part 26 of the 2006 Act, or any compromise agreement with its creditors as a whole; (b) the lodging of a Notice of Intention to Appoint an Administrator or Notice of Appointment of an Administrator at the Court in accordance with paragraph 26 or paragraph 29 of Schedule B1 to the Insolvency Act, an application to the Court for an Administration Order under paragraph 12 of Schedule B1 to the Insolvency Act (other than paragraph 12(1)©) or where an Administrator is appointed or an Administration Order is made ('Administrator' and 'Administration Order' having the meanings attributed to them respectively by paragraphs 1 and 10 of Schedule B1 to the Insolvency Act); © an Administrative Receiver (as defined by section 251 of the Insolvency Act), a Law of Property Act Receiver (appointed under section 109 of the Law of Property Act 1925) or any Receiver appointed by the Court under the Supreme Court Act 1981 or any other Receiver is appointed over any assets which, in the opinion of the Board is material to the Club's ability to fulfil its obligations as a Member Club; (d) shareholders passing a resolution pursuant to section 84(1) of the Insolvency Act to voluntarily wind up; (e) a meeting of creditors is convened pursuant to section 95 or section 98 of the Insolvency Act; (f) a winding up order is made by the Court under section 122 of the Insolvency Act or a provisional liquidator is appointed under section 135 of the Insolvency Act; (g) ceasing or forming an intention to cease wholly or substantially to carry on business save for the purpose of reconstruction or amalgamation or otherwise in accordance with a scheme of proposals which have previously been submitted to and approved in writing by the Board; (h) being subject to any insolvency regime in any jurisdiction outside England and Wales which is analogous to the insolvency regimes detailed in paragraphs (a) to (g) above; and/or (i) have any proceeding or step taken or any court order in any jurisdiction made which has a substantially similar effect to any of the foregoing. [TABLE=class: layoutTable] [TR] [TD=class: layout][/TD] [TD=class: layout mainWrap][/TD] [/TR] [/TABLE]

Extract from FL rules 12.3.1 If any Club becomes subject to or suffers an Insolvency Event, that Club shall be deducted 10 points. 12.3.2 If a Group Undertaking of a Club becomes subject to or suffers an Insolvency Event, then the Board shall have the power to impose upon the Club a deduction of 10 points scored or to be scored in the League Competition. In exercising this power the Board shall have regard to all the circumstances of the case and to: (a) such of the provisions of the Insolvency Act, the Competition Act 1998 and the Enterprise Act 2002 as are relevant and then in force; (b) the need to protect the integrity and continuity of the League Competition; © the reputation of The League and the need to promote the game of association football generally; and (d) the relationship between the Club and the Group Undertaking. 12.3.3 Subject to the provisions of Regulation Where the circumstances set out in Regulation during the Normal Playing Season but after 5.00pm on the fourth Thursday in March, Regulation Where the circumstances set out in Regulation during the Normal Playing Season but after 5.00pm on the fourth Thursday in March, Regulation 12.3.4 shall apply; and apply and at the end of that Season, having regard to the number of championship points awarded (ignoring any potential deduction): shall apply; and apply and at the end of that Season, having regard to the number of championship points awarded (ignoring any potential deduction): below, where the Club becomes subject to or suffers an Insolvency Event, or the Board impose a deduction in accordance with Regulation If a Group Undertaking of a Club becomes subject to or suffers an Insolvency Event, then the Board shall have the power to impose upon the Club a deduction of 10 points scored or to be scored in the League Competition. In exercising this power the Board shall have regard to all the circumstances of the case and to: (a) during the Normal Playing Season but prior to 5.00pm on the fourth Thursday in March, the points deduction shall apply immediately;

Just to Clarify Winding-up - what the company must do Contact us now If the company does not pay, or contact us within seven days about settling its debt, we will start the legal process immediately. You should contact the officer named in the covering letter immediately. What the company should do We expect the company to pay its tax debt now. If the company cannot pay immediately, you need to tell us. The company may wish to seek advice on ways of raising the money to settle its tax debt. If you wish to discuss payment proposals with us you should • provide profit and loss details and business forecasts to help us assess the company’s current financial position, and • disclose details of all its assets and liabilities. This is to help us make an informed decision on your proposal. If we accept your proposal, we expect you to keep us informed of any changes in your circumstances. Once the company’s tax affairs are up to date, you must ensure that you comply with all future obligations for filing returns and paying tax. What happens next If you do not contact us within the period shown in the covering letter we will immediately file a winding-up petition in the High Court. Shortly after filing, a copy of the petition is served on the company at its registered office. The law requires that the petition is advertised in the London Gazette not less than seven business days after service. As a result of this, the company’s bank account may be immediately frozen. Once the petition has been advertised, other creditors of the company can also join the proceedings and the company will be responsible for paying costs. These may increase if the petition is not paid, in full, before the hearing. The hearing takes place at the High Court in London or the Bristol Registry Court. The company should consider instructing counsel through a solicitor to represent it in court or seek permission from the court if it wants to be represented by an employee. What winding-up a company means The company will go into liquidation and the court will appoint a liquidator to wind up its affairs. The liquidator’s main aim will be to realise the company’s assets to pay its creditors. The company will then be dissolved and struck off the Register of Companies. Any money left will go to the shareholders. The consequences of winding-up a company Following a winding-up order all trade must cease. The company director(s) will be required to attend the Official Receiver’s or liquidator’s office to • hand over the company’s books and records • provide the details of the company’s finances, assets and creditors • explain the reasons why the business failed. HM Revenue & Customs may request that the Department for Business, Enterprise and Regulatory Reform (BERR) investigate instances where the company has • deliberately withheld payments to the Crown • failed to operate a PAYE scheme • participated in wrongful trading • reused the company name • made transactions at undervalue. This could result in the directors being disqualified from running a company for a period of between 2 and 15 years. If directors have traded with the same or a similar company name without the court’s permission, all debts incurred may become their personal liability.

Sorry guys couldnt resist this from the echo ottostrasser says... 6:14pm Tue 24 Jan 12 I will miss them when they're gone.This morning I woke up profoundly depressed after watching our dismal performance at St.Marys. My mood was lifted this afternoon after hearing this news. P****mouth the gift that keeps on giving.

According to the HMRC they have 7 days to make full payment from when they were issued the WUP. But according to the Snooze: The club received the petition in writing around seven business days ago from HMRC after missing two payments. So does that mean times up to settle this before action is started?

According to stuff ive read over the last few weeks once a WUP has been issued they cannot sell, but HMRC may allow them to. Question I have is "HMRC give them 7 days to respond which i guess means Make full payment but does this also include the money from the CVA as well and the latest amount?

Dont think they can have a CVA whilst one still exists I;m sure under FL rules any club behind in their taxes is hit with a player transfer embargo so no selling Once issued with a WUP, bank accounts frozen and the club cannot be sold Simples

I would guess most fans would be happy to lose 1 fixture if it meant they went pop