Matthew Le God Posted 12 February, 2010 Share Posted 12 February, 2010 (edited) Pompey have been said to be currently trading whilst insolvent by a high court registrar and HMRC and probably have been illegally trading insolvent for months. "It's quite clear beyond any doubt at all that this company is insolvent. They have failed to provide any evidence at all as to their solvency. There are many debts and they continue to accrue." Gregory Mitchell QC, representing HM Revenue and Customs. The High Court registrar agreed with him. "I am very concerned about the financial status of this company. It seems to me there's a very real risk that this company is undoubtedly trading while it is insolvent." Mrs Registrar Derret Signing players whilst insolvent is giving Pompey an advantage for the game. Sheff Utd won a payout due to West Ham acting in the wrong over Tevez. Saints should be reinstated if Vectis prove to the High Court they are insolvent and have been for months. Quincy and O'Hara both played and scored, significantly affecting the outcome. Let the FA know how you feel http://www.thefa.com/TheFA/WhoWeAre/ContactUs.aspx Edited 16 February, 2010 by Matthew Le God Link to comment Share on other sites More sharing options...
saintkiptanui Posted 12 February, 2010 Share Posted 12 February, 2010 That is F*ckin stupid, I can't see how they can do this??? Even the judge said they were insolvent, utter c*nts. Link to comment Share on other sites More sharing options...
Barry the Badger Posted 12 February, 2010 Share Posted 12 February, 2010 Its ok. He's probably sh*t. Link to comment Share on other sites More sharing options...
alpine_saint Posted 12 February, 2010 Share Posted 12 February, 2010 And he'll probably get international clearance in record time. This "one rule for some and one rule for others" sh*t is really getting on my tits. Link to comment Share on other sites More sharing options...
Ken Tone Posted 12 February, 2010 Share Posted 12 February, 2010 And he'll probably get international clearance in record time. This "one rule for some and one rule for others" sh*t is really getting on my tits. Already has a work permit according to the Mail's website, and could play against us. Gobsmacking isn't it. K. Link to comment Share on other sites More sharing options...
slickmick Posted 12 February, 2010 Share Posted 12 February, 2010 Why the hell has a transfer embargo not been placed on them again ? What does it take for the FA to wake up and act on this, what can only be described as a p1ss take ? Link to comment Share on other sites More sharing options...
slickmick Posted 12 February, 2010 Share Posted 12 February, 2010 I can't see this going down well with HMRC, and as for the player, what planet is he on joining a team that only has a week of existance left. I didn't want them to go bust, but now I have changed my mind. Link to comment Share on other sites More sharing options...
fareham saint phil Posted 12 February, 2010 Share Posted 12 February, 2010 Lets be honest he must be desperate to sign for a club that cant pay his wages on time and could be out of business this time next week!!! Link to comment Share on other sites More sharing options...
St Marco Posted 12 February, 2010 Share Posted 12 February, 2010 It is hard to not get angry at stuff like this. At every turn the PL have helped the club time after time. They have no morals at all. They were just shown to be insolvent, told to produce a financial statement of affairs. But 2 days after that they have signed a player..... What ****es me off is the whole one rule for everyone else and one rule for Pompey. Grant won't get touchline ban until after the game, they manage to get a player in and get a work permit in a day etc etc Where as outside the PL you do that you are ****ed, you will be hammered. PL have no interest in fairness, they are protecting the image of the league, it is no longer even about the sport. Disgraceful. I hope we maul those ****ers tommorow i really do. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 12 February, 2010 Author Share Posted 12 February, 2010 I think a mass appeal to the FA is required if they beat us. I do expect Pompey to win. But giving them further advantage by letting them sign players whilst insolvent makes Southampton's chances even slimmer. Link to comment Share on other sites More sharing options...
JRM Posted 12 February, 2010 Share Posted 12 February, 2010 I have said this on other threads, I am getting p*ssed off with everyone going on about how much of a mess they are in, yet to me they have been able to get away with far too much and arrive at st marys with a team containing some quality players. It should not be allowed, embargo should still be in place, and they should have been forced to sell more during the window to pay the tax man Link to comment Share on other sites More sharing options...
Bucks Saint Posted 12 February, 2010 Share Posted 12 February, 2010 Pompey have been said to be currently trading whilst insolvent by a high court registrar and HMRC and probably have been illegally trading insolvent for months. Today Pompey have signed yet another player whilst insolvent adding to costs... http://www.skysports.com/story/0,19528,11661_5944834,00.html If Saints lose on Saturday could they have a good case to appeal? Imagine if the new player Tosic scores the winner? Signing players whilst insolvent is giving Pompey an advantage for the game. Sheff Utd won a payout due to West Ham acting in the wrong over Tevez. Saints should be reinstated if Vectis prove to the High Court they are insolvent and have been for months. Annoying, but are they breaking any football rules by signing a player whilst insolvent? I am not aware the "Transfer Embargo" is a actually a rule or clear definition. What they are doing, if the Registrar was right, is incurring liabilities whilst insolvent and so breaking Insolvency Law. This says that if the Directors knew, or ought to have reasonably concluded, there was no realistic possibility that insolvent liquidation could be avoided, then the Directors are personally liable for all debts incurred after that date [that they knew etc]. I think the High Court publicly stating it counts as "ought to have reasonably concluded"! Link to comment Share on other sites More sharing options...
Window Cleaner Posted 12 February, 2010 Share Posted 12 February, 2010 Its ok. He's probably sh*t. A 6ft 2 left back who's played a handful of games in 3 years and who gets a whole lot of cards, up against Lallana,Antonio or Papa...bring it on I say. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 12 February, 2010 Share Posted 12 February, 2010 Annoying, but are they breaking any football rules by signing a player whilst insolvent? I am not aware the "Transfer Embargo" is a actually a rule or clear definition. What they are doing, if the Registrar was right, is incurring liabilities whilst insolvent and so breaking Insolvency Law. This says that if the Directors knew, or ought to have reasonably concluded, there was no realistic possibility that insolvent liquidation could be avoided, then the Directors are personally liable for all debts incurred after that date [that they knew etc]. I think the High Court publicly stating it counts as "ought to have reasonably concluded"! But the Premier League are going to advance them their parachute payment and a dob of this seasons money, Skates won't go under, that's why we just have to beat them because they'll still be there afterwards to whine about it. Link to comment Share on other sites More sharing options...
Thedelldays Posted 12 February, 2010 Share Posted 12 February, 2010 A 6ft 2 left back who's played a handful of games in 3 years and who gets a whole lot of cards, up against Lallana,Antonio or Papa...bring it on I say. let crazy legs antonio run at him for 90+ mins..then see if he is any good..lol Link to comment Share on other sites More sharing options...
SparkySaint Posted 12 February, 2010 Share Posted 12 February, 2010 I think a mass appeal to the FA is required if they beat us. I do expect Pompey to win. But giving them further advantage by letting them sign players whilst insolvent makes Southampton's chances even slimmer. Expect them to win???? They haven't won in 2010 and we haven't lost. What planet are you on? Its all about having a winning mentality. We are at home and we our naturally the underdog. Its there for the taking so get behind the team ffs. Link to comment Share on other sites More sharing options...
OldNick Posted 12 February, 2010 Share Posted 12 February, 2010 Ironic a player that sounds like Toxic joins Pompey Link to comment Share on other sites More sharing options...
warsash saint Posted 12 February, 2010 Share Posted 12 February, 2010 So anyone got any contacts that will can protest on mass to ? Link to comment Share on other sites More sharing options...
Matthew Le God Posted 12 February, 2010 Author Share Posted 12 February, 2010 But the Premier League are going to advance them their parachute payment and a dob of this seasons money, Skates won't go under, that's why we just have to beat them because they'll still be there afterwards to whine about it. That won't happen. Premiership clubs won't agree to it and sets a dangerous precedent for the PL. Nor would it stop them going under. They can still be found to be insolvent next week and wound up even if they do pay the taxman. For example how will they pay wages from now until the summer? Link to comment Share on other sites More sharing options...
Matthew Le God Posted 12 February, 2010 Author Share Posted 12 February, 2010 Expect them to win???? They haven't won in 2010 and we haven't lost. What planet are you on? Its all about having a winning mentality. We are at home and we our naturally the underdog. Its there for the taking so get behind the team ffs. Anyone that expects a League One team to beat a Premiership team is deluding themselves. Yes, Saints have a chance but Pompey are favourities. Saints opponents being allowed to continue whilst insolvent isn't helping matters. Link to comment Share on other sites More sharing options...
Bucks Saint Posted 12 February, 2010 Share Posted 12 February, 2010 That won't happen. Premiership clubs won't agree to it and sets a dangerous precedent for the PL. Nor would it stop them going under. They can still be found to be insolvent next week and wound up even if they do pay the taxman. For example how will they pay wages from now until the summer? Totally agree. The PL may not want PFC to go bust, but handing out advances will lead to an immediate demand from the likes of Hull, West Ham, Burnley etc and thats just this season. It wont happen Link to comment Share on other sites More sharing options...
Saint_clark Posted 12 February, 2010 Share Posted 12 February, 2010 Also, if they give them an advance on the parachute payments and they stay up (I know they won't, but let's just imagine) - what happens then? Are they in even MORE debt? Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 12 February, 2010 Share Posted 12 February, 2010 So they have chosen to give money to a new player instead of HMRC? That'll put the settlement figure up by a few million. Link to comment Share on other sites More sharing options...
waggy Posted 12 February, 2010 Share Posted 12 February, 2010 Just been on SSN that the winding up order will not be heard in court until 1st March now, out ****ing rageous!!! Link to comment Share on other sites More sharing options...
Saint_clark Posted 12 February, 2010 Share Posted 12 February, 2010 Just been on SSN that the winding up order will not be heard in court until 1st March now, out ****ing rageous!!! Have they given a reason why? Link to comment Share on other sites More sharing options...
Matthew Le God Posted 12 February, 2010 Author Share Posted 12 February, 2010 Just been on SSN that the winding up order will not be heard in court until 1st March now, out ****ing rageous!!! February's wages will have come and gone by then. Link to comment Share on other sites More sharing options...
waggy Posted 12 February, 2010 Share Posted 12 February, 2010 Have they given a reason why? Just said that it was the date set by the court. Must have been one of the Jesters that arranged it! Link to comment Share on other sites More sharing options...
Saint_clark Posted 12 February, 2010 Share Posted 12 February, 2010 Just said that it was the date set by the court. Must have been one of the Jesters that arranged it! How bloody stupid. So it has now been put back twice from the original 7 days. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 12 February, 2010 Author Share Posted 12 February, 2010 How bloody stupid. So it has now been put back twice from the original 7 days. No, it is still 7 days. It has never changed and remains 7 days to get the report to the court. It is just the hearing that is on March 1st. Link to comment Share on other sites More sharing options...
Saint_clark Posted 12 February, 2010 Share Posted 12 February, 2010 No, it is still 7 days. It has never changed and remains 7 days to get the report to the court. It is just the hearing that is on March 1st. So if they get the report and it says they are absolutely f*cked, will the courts take NO ACTION until march the 1st? Link to comment Share on other sites More sharing options...
derry Posted 12 February, 2010 Share Posted 12 February, 2010 (edited) Going back to Tosic, I thought there was quite a lengthy qualification for FA Cup registrations of players unlike the league. I think it used to be 7 days. I've checked the rules, it is now the same, noon on the day before the designated day for the round. Edited 12 February, 2010 by derry Link to comment Share on other sites More sharing options...
Sold To The Man @ The Bar Posted 12 February, 2010 Share Posted 12 February, 2010 While being insolvent the directors will become liable - In many legal systems, once a company becomes insolvent, the directors have to take particular care. Under UK law, trading while insolvent can trigger several provisions under the Insolvency Act 1986 which may have the effect of making directors of a company personally liable to contribute to the assets of a company. Under wrongful trading legislation in the UK, if the company continues to trade while it is insolvent the directors of the company may become personally liable to contribute to the company's assets and help meet the deficit to unsecured creditors if the company's financial position is made worse by the directors continuing to trade instead of putting the company immediately into liquidation. Link to comment Share on other sites More sharing options...
trousers Posted 12 February, 2010 Share Posted 12 February, 2010 Stinks Link to comment Share on other sites More sharing options...
Rocker268 Posted 12 February, 2010 Share Posted 12 February, 2010 That is ridiculous they should at least be in Admin and should have been a long time ago. How many companies in this country can not pay their employees consecutively, owe HMRC and others millions and have the only sanction put against them eased? I have a nasty feeling Pompey will somehow have found a buyer (even if it is another complete joke) and announce him tomorrow giving their fans and players a massive lift before the match. Link to comment Share on other sites More sharing options...
VectisSaint Posted 12 February, 2010 Share Posted 12 February, 2010 Just been on SSN that the winding up order will not be heard in court until 1st March now, out ****ing rageous!!! Good, the later it gets the more likely they will be past the date for going into Admin and getting points deducted this season. If they go into admin late they will be relegated AND will get a penalty next season. I think there is a precendent Link to comment Share on other sites More sharing options...
VectisSaint Posted 12 February, 2010 Share Posted 12 February, 2010 Signing players whilst insolvent is giving Pompey an advantage for the game. Sheff Utd won a payout due to West Ham acting in the wrong over Tevez. Saints should be reinstated if Vectis prove to the High Court they are insolvent and have been for months. I will of course do my best :cool: Link to comment Share on other sites More sharing options...
Block 5 Posted 12 February, 2010 Share Posted 12 February, 2010 I just heard some plank on Talksport (a gooner I think) saying that all other fans of premier league clubs should have a whip round to help bail out poopey. He said that everyone loves them. I have heard some garbage on Talksport but this was a new low. I felt like phoning up with a witty riposte to the f*ckwit gooner but then remembered that there is a vetting procedure and if you sound like you have more than 2 brain cells they won't have you on any Talksport show. Link to comment Share on other sites More sharing options...
oxfordshire_saint Posted 12 February, 2010 Share Posted 12 February, 2010 Haven't they signed Shabani Nonda too? Rumour has it before he came to his senses turned them down and went to Sheff Utd, they had agreed to stump up £250k to loan Nyron Nosworthy. £250k from where??!?!! They have a squad, albeit a small one and I know they are only allowed to sign loans and frees, but that still means the wage bill will increase, a wage bill that they already can't afford. Originally I was of the opinion that if they went bust it'd be bad, as there'd be no rivalry any more, but crap like this makes me truly wish the worst on them. I hope they go kaput and never come back. Link to comment Share on other sites More sharing options...
SparkySaint Posted 12 February, 2010 Share Posted 12 February, 2010 Anyone that expects a League One team to beat a Premiership team is deluding themselves. Yes, Saints have a chance but Pompey are favourities. Saints opponents being allowed to continue whilst insolvent isn't helping matters. Blue Square have both teams at 13/8. I believe we will win it Link to comment Share on other sites More sharing options...
westofshannonsaint Posted 13 February, 2010 Share Posted 13 February, 2010 it's ok he'll need time to gell with the team Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 13 February, 2010 Share Posted 13 February, 2010 IF pompey are proved to be insolvent will any action be taken against that judge woman who allowed them to continue longer than they should ? She even agreed at the time that they looked dodgy and some poster on here said companies in as bad a situation have been wound up at once not given more time. Link to comment Share on other sites More sharing options...
Torrent Of Abuse Posted 13 February, 2010 Share Posted 13 February, 2010 To be honest, we have to stop complaining about how unfair it is and just beat what XI is put in front of us. It is unfair, but that's life. The PL look after their own whereas the FL were fully prepared to let one of it's own clubs go to the wall. It certainly skews the odds significantly in Pompey's favour but no-one will change their mind and make it fair for us so bring your best singing voices and let's put out OUR best XI and beat them anyway. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 16 February, 2010 Author Share Posted 16 February, 2010 (edited) Last line of this is interesting... http://www.thesun.co.uk/sol/homepage/sport/football/2854846/FA-have-no-plan-if-Pomp-go-pop.html Quotes from an unnamed FA source. Considering Pompey were possibly insolvent when O'Hara and Quincy signed and both played key roles in the game and there is no precedent I think a reinstatement is justified. Edited 16 February, 2010 by Matthew Le God Link to comment Share on other sites More sharing options...
samoakley Posted 16 February, 2010 Share Posted 16 February, 2010 To be honest i would rather us not get put back in, we should look at the league and JPT, if we do get reinstated then we should just put out a res team give some players a run out and rest key players, i would rather us push for playoffs so we have a chance to be in the championship next season, you never know we might win the fa cup next season instead with better players in the championship (if we go up that is ) Link to comment Share on other sites More sharing options...
Window Cleaner Posted 16 February, 2010 Share Posted 16 February, 2010 Last line of this is interesting... http://www.thesun.co.uk/sol/homepage/sport/football/2854846/FA-have-no-plan-if-Pomp-go-pop.html Quotes from an unnamed FA source. Considering Pompey were possibly insolvent when O'Hara and Quincy signed and both played key roles in the game and there is no precedent I think a reinstatement is justified. As the old adage goes "If it's in the Sun it must be true" academic anyway they won't get wound up.......but we can still hope. Link to comment Share on other sites More sharing options...
Matthew Le God Posted 16 February, 2010 Author Share Posted 16 February, 2010 As the old adage goes "If it's in the Sun it must be true" It has quotes which would be unusual for a completely made up story. See Charlie Brookers Newswipe for how it works. In the Portsmouth News as well today. Link to comment Share on other sites More sharing options...
MrMojoRisin Posted 16 February, 2010 Share Posted 16 February, 2010 Let the FA know how you feel http://www.thefa.com/TheFA/WhoWeAre/ContactUs.aspx Have you got a similar address for the PL as they are the ones that need to be brought to book! Link to comment Share on other sites More sharing options...
MrMojoRisin Posted 16 February, 2010 Share Posted 16 February, 2010 Ironic a player that sounds like Toxic joins Pompey Put Tosser and Toxic together and what have you got a player that fits in well down that ****e hole Link to comment Share on other sites More sharing options...
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