badgerx16

If they are wound up because they are insolvent, can't HMRC claim the directors are personally liable and recover the monies from them ? ( Seems Andy just beat me to it )

You may find these links of use: http://www.companyrescue.co.uk/company-rescue/guides/trading_whilst_insolvent_guide.aspx http://www.companyrescue.co.uk/company-rescue%5Cguides%5Cdirectors.html http://en.wikipedia.org/wiki/Trading_while_insolvent_%28UK%29

Interestingly, it says players transferred will only be permitted to play in the EPL, so presumably only EPL teams will be buying ? This could get more incestuous and self-interested than any poopey family re-union.

I asked this last night, and will ask it again; if they are found to have been trading insolvently, surely all the talk of 'takeovers' and people offering to sub them is irrelevant ? It doesn't alter the facts presented in the SofA, they might as well claim they are budgeting to win the next EuroMillions roll-over,- it cannot detract from any illegality that may have taken place for the previous 9 months (+).

Surely any 'takeover' is irrelevant if the SofA proves HMRC's claim ? If they are trading insolvently, the directors have broken the law, and the whole lot folds. The potential vendor would have to wait to pick up the pieces.

endogenous

He is http://www.timesonline.co.uk/tol/sport/football/premier_league/portsmouth/article5134440.ece or he isn't http://www.sport24.co.za/Content/Soccer/266/8bb9aa3c915d4586be48413c6fe9b760//James%20not%20buying%20Portsmouth

A bit of nostalgia; "Carry on my wayward son" by Kansas "More than a feeling " by Boston "Drive" by the Cars

Anyone with half a brain cell would surely not need due diligence to work out the financial situation ? There's only one possible outcome, decide to keep the money in the piggy bank.

...

But what about image rights ??

I find it unlikely that your first team would have comprised the following; Asmir Begovic Matt Ritchie David Nugent Gautier Mahoto Mike Williamson Paris Cowan-Hall Marlon Pack Linvoy Primus Who, other than Kaboul, are the players listed on Sky Sports as having left PFC since the start of December, when you are supposed to be desperate for cash. ( And at the same time bringing IN Tosic, O'Hara, Rocha, and Owusu-Abeyie )

strap

pistols :smt035

Blind

Goat (I'm sure St L had a post on here before Hamster's )

PFC

What does Darren Gough know ?

The fact is that John Utaka's salary is about £25,000 per week - this must be beyond dispute. However, he also has a 'gentleman's' agreement that £60,000 per week will be transferred from Story-Teller's offshore account to cover his 'image rights'. :cool:

Thespian

pippin

five

Judas

Eight

But they won't be in the CCC next season, it's the BSq at best