Weston Saint

I was told over a month ago that Pardew would need to get in the playoffs or only a couple of points outside. I said at the time Cortese has a shorter plan than 5 years and comment by Pardew in recent times and the pressure he says he is under as good as confirmed that. I am sure he was told again in no uncertain terms after Tuesday but todays performance, repeated until the end of the season would answer those pressures. I doubt Pardew has been pushed or quit tonight.

Surely the players come in on Sunday when they have a game on Tuesday. How else prepare tactically for the game. Looks to me to be someone puting 2 & 2 together and drawing strange conclusions. I have heard nothing.

Just got home. Just 3 words WIDTH FIGHT CLASS

Looks and sounds 10 times better. Cut to the bone Pay all taxes from now on (well he has to) Portpin will fund any shortfall Gaydamac the biggest individual creditor Ground still showing on the Balance sheet with Portpin charge 8 weeks to cut, review and then meet creditors Avram Grant to stay until end of season £60 -£70m in debt reports not far adrift

HMRC have accepted the Winding Up stay as expected now that Administration confirmed.

The informers prediction was correct. Arabs & Israelies came and went but our informer always knew it wold come to this.

There is no deadline in the Premier League.

The team is an asset (lol) To contunue playing they will qualify for end of season payments and parachute payments. There will be transfer fees apart from those whose contracts end Winding up will stop that. No PL payments and no fees as they will all be free agents. I have explained the insolvency. That will be ring fenced and frozen. Chainrai is now funding in full so from Administration they are solvent going forward. Apparently 15 playing staff contracts are up at the end of the season (including loan players)

OK so say tomorrow the Administrator finds he has no authority because Chainrai was not a preferred creditor ( think he is by the way) he applies to the court on Monday and will get permission from the court for the reasons I have suggested. But as you say, tomorrow and the next few days following will be interesting and hopefully entertaining

OK further opinion time: Administration will not be overturned on Monday - the Winding up Order will be stayed. Why? Well if the club was trading insolvent before, all that trading is ring fenced and frozen from tomorrow. The club is now being run by a qualified insolvency expert acting as Administrator. He will be working on behalf of the creditors. He will be looking, financed fully by Chainrai, to find a buyer for the football club which will be able to trade going forward. A winding up will close the club, the players will be free agents and there will be no asset. No asset means no sale and no money for the creditors. It is a no brainer. The court will not grant HMRC to proceed, of that I am pretty sure. Let's hear from some of our insolvency experts (I mean those qualified in the field) Does my opinion hold water and is it the favoured opinion?

http://www.portsmouth.co.uk/custompages/custompage.aspx?pageid=81767

Absolutely

Thanks all did not see it first time round. Only got sent it recently. Hopefully a few more new eyes will see it for the first time.

Read The Text First To Help you Understand the Art... This video shows the winner of "Ukraine’s Got Talent", Kseniya Simonova, 24, drawing a series of pictures on an illuminated sand table showing how ordinary people were affected by the German invasion during World War II. She won the top prize of about £75,000. She begins by creating a scene showing a couple sitting holding hands on a bench under a starry sky, but then war planes appear and the happy scene is obliterated. It is replaced by a woman’s face crying, but then a baby arrives and the woman smiles again. Once again war returns and Miss Simonova throws the sand into chaos from which a young woman’s face appears. She quickly becomes an old widow, her face wrinkled and sad, before the image turns into a monument to an Unknown Soldier. This outdoor scene becomes framed by a window as if the viewer is looking out on the monument from within a house. In the final scene, a mother and child appear inside and a man standing outside with his hands pressed against the glass, saying goodbye. The Great Patriotic War, as it is called in Ukraine, resulted in one in four of the population being killed with eight to 11 million deaths out of a population of 42 million. Please take time out to see this amazing piece of art. click on the link below http://www.youtube.com/watch_popup?v=vOhf3OvRXKg#t=00

Best yet, well done.

The suggestion is that Chainrai is a secure creditor so gets all his money ahead of all other unsecure creditors including HMRC. Solent again said this morning that him putting the club into administration may be taken out of his hands by Barclays who have a floating charge over the club. We all know that Gaydamac says he is owed £30.5m and is holding the surrounding property as security. We also know that Barclays have a charge over those properties and we can assume they will also be a preferred creditor. For what reason they have a charge is not known but I assume it is because they loaned the money for Gaydamac to purchase such property. What is Gaydamac really owed? We know Jacob & Storrie have disputed the club owe him the money, they said as much a while back. If Barlcays are owed a substantial amount of that money as a secure creditor it seems, along with Chainrai's, there will be little left for the unsecure creditors. So HMRC who are owed £11.5m or £18m depending what media reports you believe. Udenese are owed *£10m (not a football creditor but a football debt - see below) Gaydamac £30.5m less what he might owe to Barclays, and other unknowns likely to be a few million. Looks to me as if HMRC might well be a unsecure creditor of more that 25% of the pot left after secure creditors. So no CVA and more misery for PFC. Pure speculation based on snippets picked up, of course * As far as the FA are concerned, Football Creditors are: The FA The Premier League, Football League, Football Conference, Northern Premier League, Southern League, Isthmian League and their clubs Any full-time or part-time employee of those clubs (or ex-employee if owed money from their tenure) – note, no distinction is made between footballing and non-footballing employees, so admin staff are considered Football Creditors. The Professional Footballers’ Association The Football Foundation Any Affiliated Association (essentially the County FAs) Any other affiliated clubs or leagues

http://www.mirrorfootball.co.uk/news/Portsmouth-strike-secret-survival-deal-with-Premier-League-exclusive-article333495.html

http://soccernet.espn.go.com/news/story?id=746083&sec=england&cc=5739 Nothing we do not already know but lol at Storries comments. The poor boy is exhausted

Was that not our best team (Schneiderlin & Connolly excepted)? Did we get our tactics wrong? If so how should we have played? What would you all have done to change things? Seems so many unhappy bunnies on here I thought I would ask.

http://www.telegraph.co.uk/sport/football/leagues/premierleague/portsmouth/7300078/Portsmouth-serve-notice-of-administration.html Gives details of Administrator allegedly chosen

http://www.guardian.co.uk/football/2010/feb/23/portsmouth-administration-points-deduction

I have been told Chainrai's charge is on ALL THE assets, enterprise and FUTURE REVENUES of PFC to the value of £17m. He has transferred the freehold of the ground to himself. If he puts the club into admin the PL have indicated they would advance the parachute payment and allow player sales. Chainrai is the only secured creditor. What would any buyer be buying? What would remain would be; All player assets Parachute payment - gone Freehold of the stadium - gone And to get it out of administration, you still have to pay the football creditors IN FULL - £10m and pay Chainrai £1m a year, half the Championship tv revenue, in order to play there. Also, just paying the football creditors means no CVA - which means another points deduction next season.

Injured

Unless Chainrai pays the loanee's wages I think you might be right. But they are fooked anyway so no real benefit to keep them unless contracts tie them to Poopy

It is a question that is puzzling many on here including me.