Weston Saint

Simple Corporate Ho, if they are to be even handed they need to give it to all the other 19 clubs as well. Many are struggling financially and would welcome it. However the PL do not have that amount of money.

How many times now has he considered walking away!!!! I am beginning to dislike Storrie with a passion. He is a complete phoney. That said, "over enthusiastic" Saints fans might have gone a little to far if his wife felt intimidated. That is unacceptable and there should be no place for it in Southampton.

If you are trading insolvent then it does not matter if someone has expressed an interest. Administration it must be. Without the promise of a prospective buyer, Liquidation it must be.

When Vantis report next Wednesday, if it is to confirm they are trading insolvent, they will apply for Administration. The Directors have to or face a charge of trading whilst insolvent. Administration will give time for any new prospective owners to carry out their own Due Diligence. The courts will give them permission on Admin

OK, I will start. - he was invited to attend a game so I assume he did not pay- he is going to the FA Cup game in someone elses box - another free lunch I assume - BUT what about all the other games??????? McMenemy was a fantastic Manager for us as the article is clear to show. The Big Man is a legend in his time for us Saints supporters (well most of us) but he tarnishes his reputation by always thinking the world owes him a living or free lunch and speaking out when he does not get it. It is not just at Southampton Football Club as I know from first hand but that is another story.

Let me say the information came from a high level at SFC to another and everything else he has told me has been proved correct so far. If as Saint Clark says it came from Oldknow and he was sacked for it, because my source says he went quickly and as a suprise to many including himself, I am inclined to accept SC's post As for ottery, I will not raise to his bait or comment on what I really think of his posting on this forum.

It is still a liquidation issue. The 28 days adjournment will be for them to find the money or reach an agreed payment plan with HMRC. Otherwise liquidation hearing in the 28 days will likely be their end

The thing against the 28 day adjournment is that PLC had three owners since the bill mounted up and none of them were inclined to settle. Also I am told that PFC had already agreed stage payments with HMRC the last time they could not pay and then failed to pay the first stage payment. I cannot see a lot of sympathy from the Registrar due to the many broken promises. That is why I have Administration as favourite

I am told that the local press say PFC have already approached firms to consider Administrating so if one has agreed that will likely be put before the Registrar as well.

Whilst my experience was civil court matters, if this court is similar in procedure, at the time of the hearing HMRC will put forward their arguments for winding up the business The registrar will already have bundles (evidence & documents) filed by both parties before the hearing. PFC legal team will then put their case and why they think a 28 day adjournment would be appropriate to give them time to resolve the issue. They will likely plead also that if the learned Judge (registrar) is mindful to uphold the winding up that she consider the wide consequences of employment of both the playing and backroom staff of the club and instead grant an order to put them into Administration giving such Administrator time to find a buyer. Even money on the Registrar granting Administration. 6/4 28 day adjournment and 6/1 Winding up Order granted.

I think you must have been watching another player. He caused all sorts of problems to their defence. They just could not handle him

Agree. In fact I was told he was thinking of getting rid of Pardew after 8 games but was talked out of it by others....

Seems it is getting to poor old Avram Speaking after the 1-1 draw with Sunderland, Grant intimated he felt the club are fighting on many fronts including the officiating, after he confronted referee Kevin Friend at half-time. He said: "We are fighting not just against the opponent, but many situations - even the referees. "Today there were two clear penalties for us. I must say, I'd had enough. I can only fight against so many things. Sometimes it is too much. "I must say I like this referee and the referees in England. But not in the last 10 days." He continued: "The players and the fans were great today. "It is not easy. Imagine you have problems in your work. Could you go to your work with a clear head. "This club needs to stay alive. This is a traditional English club." http://www.skysports.com/story/0,19528,11674_5929308,00.html

Agree with Duncan and you.

Saints out of the block well and at 2-0 up we looked comfortable but then we reverted to our old problematic self. Mind you we never looked like losing the tie. We were by far the better team. Davis does worry me. He is a stopper but that is all. Thomas played well and should be our first choice until Murty back. Solid game Fonte missed a couple of headers but otherwise solid. Jaidi immense when using his head but not so good when he used his feet. Harding showed why he should be first choice. Excellent game. Has been unwell and even had a hospital visit for suspected appendicitis. Probably why Pardew benched him until he was fully fit. Lallana his usual tricky self and another goal Schneiderlin very quiet and ineffective tonight Hammond looked off the pace a little which is to be expected but did enough to suggest he has been missed. Antonio made a few decent runs but his positioning and crossing needs major improvement Lambert his usual self scoring again after a great hold p and pass by Waigo. Taking all the set pieces now including corners. Great delivery. Virtually every corner caused MK Dons defence problems Waigo frightened the life out of the MK Dons defence. Fast, tricky, aware of where his team mates were, accurate passing most of the time. My MOM Pardew got his win but it worries me that he seems not to be able to get his team, when on top, to continue the momentum. Oh and Cortese has introduced a new rule. All non football staff now have to pay £4 parking charge on match days. Had the email today and tonight confirmed by the parents of a member of staff who sit behind me. It was they who told me about Hardings recent illness. Good win in the end. Wembly here we come. So in recent era we have a hat trick. Old Wembly, Cardiff and New Wembly.

It is all about negotiation tomorrow. Both sides will form a position overnight and negotiations will commence again at the court door tomorrow. I have only once done a deal at the court door and only because a senior high court judge had hinted he preferred the other sides evidence. They wanted £2.4m I had paid in £300,000. Negotiated at £980,000 even sending a note to the judge at the time of the hearing to stay in his chambers as a deal was likely. He simply approved the order we drew up later in the morning. Never liked court door negotiation because most of the costs incurred by then but it has it's place. Would not like to be the PFC barrister tomorrow though

Talks stalled, HMRC solicitors walk away, Pompey Solicitors chasing them down the road saying come back....please... No say HMRC So talks are indeed ongoing, just nobody is listening

SSn sources say talks stalled. Spokesman from the club say ongoing. In denial again??? or have Sky jumped the gun yet again?

22180 /2009 Portsmouth City Football Club Limited 313 /2010 Portsmouth City Football Club Limited 22181 /2009 Southend United Football Club Limited (The) 22182 /2009 Cardiff City Football Club Limited Could be an interesting day. Before REGISTRAR DERRETT

Well we should know by tomorrow and I bow to your experience in such matters. I am aware that they have already had three owners since this bill became payable and none of them have taken any action to pay the outstanding amount so why should this be any different. I am also told that the HMRC are very pee'd off with the club but I cannot go into detail at this stage. I still think a deal will be struck today. My negotiation background gives me that confidence. Hope I am wrong though

Possibily, it depends how the order was drawn up. HMRC will want some protection. That may be what todays negotiations are all about, drawing up an agreed order for the court to approve.

I posted this last night before any figures were mentioned. Since then £1.8m has been mentioned and if recent reports are correct HMRC have asked for any discussions today to remain confidential. that suggests to me that a deal will be done in the short term. I suspect the final deal will be Pompey paying £2.5m within 7 days and the remainder in stage payments over the next year. That, with interest payments will likely be about £500,000 a month. If they default (which they will if a new owner is not found because there income streams are very limited) they will put themselves into Administration before the HMRC can act. No details of any settlement will be in the public domain as HMRC will not want to be seen as a soft touch (but short term public interest ie getting hold of some of the money now, will be served). However they hold all the cards and tomorrow's hearing is still a real possibility or the deal would have been done last night

Assuming they owe HMRC £7.5m I would, as a negotiator, be offering a payment of £1.5m now and stage payments thereafter pointing out to HMRC advisors that if the club was wound up or placed into Administration, as an unsecured creditor, they would be lucky to recoup 10%. Bearing in mind the tax owed is public money it would not be in the best public interest to take that action. I suspect such a deal would cause the winding up order to be withdrawn, particularly if other parties to the order have been paid up or similar deals struck. Problem for Portsmouth is the the financial issues will not go away unless significant cash is injected long term.

Just a thought. Could HMRC call Pompey's bluff on there being a couple of interested parties and put them into Administration rather than a winding up order. Is that what Storrie wants? "Not my fault....HMRC did it?

I said a few weeks ago the money was likened to a rope. Either for Pardew to pull us into the playoffs or to hang himself. Cortese statement only serves to convince me that was the case. Cortese is a very complicated individual.