bristolsaint29

Matthew: The judge said the promise of money should give the administrators confidence. But he has ordered there will be a hearing in the week commencing March 8 to look at the payments Portpin LTD has lent to the club and money paid to Portpin LTD or Chainrai.

Comment From TCWTB TCWTB : ] @John23 - I agree mush, it's all HMRC's fault. Come on which one of you said it!!!

Matthew: The judge said there was 'a prospect but no more than a prospect' that funding for admin is available. Ouch

[Comment From Mike Mike : ] Can't they just give us a break Love it

Matthew: Mr Mitchell for HMRC says the evidence of money available for administration is not good enough. He said: 'It doesn't really go very far. It's only a promise, it isn't the provision of funding. Whether or not funding will be provided remains to be seen.'

Apparently because they don't like football

Portsmouth in general?

Every other name I've tried they sussed me, especially Mr Peter pan

Comment From blue army blue army : ] We've only got 10 yrs history from the last admin Get in there, got a comment on the board

Matthew: Mr Barker said if the appointment by Portpin of the administrators is invalid there will be a contingent application for a court appointed administration.

He might be allowed to shower on his own

This is much more fun than working

Payroll is suffering here too

Thats a day after my birthday, top present!

Mr Mitchell wants a hearing on March 8 to determine whether the club was put into admin validly. If not valid then the hearing will hear winding up petition. He said: 'We accept that there may be a valid appointment. It would be wrong for the court to proceed today and hear our petition. But the question of validity is a matter that requires very urgent determination. 'If there's no valid appointment then the court would go on to hear the petition.' Tuesday March 2, 2010 11:51 Matthew

[Comment From Kenwright Kenwright : ] Where do people get the idea that a day at Webley is a money spinner? The final in 2008 we made 2million in revenue and then paid out 5 million in bonuses. That might explain a bit, good business plan

bbc_matt HMRC want to see Fuglers accounts. It says we know millions went out to Chanrai in Feb

Matthew: Mr Mitchell said the statement of affairs shows the club owe Portpin LTD £13.5m and the HMRC want evidence of that. 'We haven't so far had an answer to that,' he said Oops! Not looking good

[Comment From Ian Ian : ] @Stuart - Belhadj - £5m+, Boateng - £7m+, Piquionne - £5m, Utaka - £3m+, Wilson £3m+ = £23m alone HA HA HA HA HA

[Comment From Farjam Farjam : ] Put the youth team on standby Ray Think the pennys are definitely dropping

Which 2 are tweedle dum and tweedle dee

Matthew: Mr Mitchell: 'It's all very curious and it gets curioser still.' LOL

Or chester

Helps the post count

Matthew: Mr Mitchell: 'We say there's serious questions which arise and which require full investigation as to what financial dealings there have been between the various different owners of the club and between the club and it's owners and at the moment everything is shrouded in mystery.'