Apparently not - called it embarrassing - maybe he's seen the light.
http://www.portsmouth.co.uk/sport/pompey/pompey-past/pompey-rocked-by-gibraltar-1-4081875
Wages, including defferals will be in the region of £5M, plus Admin costs of say £1M, plus assorted utility and other bulls, say £1.5M.
Total £7.5M or 15 times what the creditors have been offered.
And their biggest problem is going to be 50% of the creditors were made up by AA*, they've not even got a hope of getting a majority of them in favour.
*alledgedly
E-mail them.
In relation to your plea for creditors to come forward, always happy to help – here’s the list.
http://www.uhy-uk.com/assets/media/download/turnaround-and-recovery/PFC%20CVA%2028th%20May%20Final2.pdf
Hopefully you can now contact them all before the weekend and see if they are happy to receive 0.04p in the pound.
Good luck for fielding a competitive team next season.
Best Wishes
Andysstuff
Can't do a link from my phone to tittter easily, but someone's just asked that intrepid reporter Neil Allen about a meeting next Tuesday to decide the club's future. Anyone with 24th or 25th July in the sweepstake could be in luck.
Can't see the FL reversing their decision in a million years, even if Terry the builder and a few others agree to 0.04p in the pound. It's as much about sending a message out to other teams as punishing the plucky phew. Expect a 'shut up or the deduction increases' response from the FL.