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Pompey Takeover Saga


Fitzhugh Fella

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The times reported

 

HM Revenue & Customs have asked the High Court to either execute the winding up order today or grant a "very short" adjournment in the case. The wait goes on ...

 

does executing the winding up order mean force them to pay up of die, or just kill?

 

Does adjournment mean time to complete payment, or time before they come back to discuss again before the judge

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Quote from courtroom source:

 

"The FA have provided a substantial sum to allow debts to be paid. wtf?"

 

Not sure who said this, so may be poopey trying to claim some wriggle room.

 

If that is true then it is a disgrace and has repercussions for any club who is or has been in debt.

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From the Times Blog.....

 

12.56pm: Sky Sports are reporting that HM Revenue & Customs have told the High Court that Portsmouth are "insolvent" - which basically means it thinks the club have more debts than they would be able to clear even if they sold all their assets, were mortgaged or sold. Not a good state of affairs.

 

12.50pm: HM Revenue & Customs have asked the High Court to either execute the winding up order today or grant a "very short" adjournment in the case. The wait goes on ...

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Quote from courtroom source:

 

"The FA have provided a substantial sum to allow debts to be paid. wtf?"

 

Not sure who said this, so may be poopey trying to claim some wriggle room.

I just realised that would be the money they held back from transfers to be paid

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13:05

 

Matthew:

The petition put into the court by HMRC is for £7.4m though.

Wednesday February 10, 2010 13:05 Matthew

13:06

 

Matthew:

The case has been adjourned.

Wednesday February 10, 2010 13:06 Matthew

13:06

 

Matthew:

No details yet as to how long for.

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From the Pompey "News" live chat thing (Matthew is the presenter):

 

12:48 [Comment From SouthStandSam]

@Matthew - To pass the time, do you know any good jokes?

 

12:52 Matthew: Sky Sport are reporting Pompey have said there have been two serious offers for the club and pay of the debts.

 

Clearly, he knows some very good jokes.

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Pompey will never Die. "Strike us down and we'll become more powerful than you can possibly imagine!" :cool:

 

I can't believe this site is falling over through the weight of Scummers spunking over their keyboards in excitement at the thought of the demise of their rivals. :)

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