madras Posted August 5, 2010 Share Posted August 5, 2010 Isn't HMRC going to appeal which will be heard as the 2nd half KO on Saturday?, imagine that, the game getting abadoned because the team goes bust during it. They said they won't appeal When two judges lets them off with paying money into off-shore tax havens and fiddling debt just because they're a football club there's not much point going through another I think they'll go for a full assault on the football creditors rule now they have to, it's a ridculous rule. Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted August 5, 2010 Share Posted August 5, 2010 Isn't HMRC going to appeal which will be heard as the 2nd half KO on Saturday?, imagine that, the game getting abadoned because the team goes bust during it. there is to be no appeal. i'd like to know the justification/reasoning behind the decision to let portsmouth get away with this. i now hope thay follow the route of luton and keep on going down. You'd hope so, as the precedent has been set now. But you can bet they won't, which would be disgraceful. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted August 6, 2010 Share Posted August 6, 2010 Isn't HMRC going to appeal which will be heard as the 2nd half KO on Saturday?, imagine that, the game getting abadoned because the team goes bust during it. They said they won't appeal When two judges lets them off with paying money into off-shore tax havens and fiddling debt just because they're a football club there's not much point going through another I think they'll go for a full assault on the football creditors rule now they have to, it's a ridculous rule. Are 'football creditors' only football clubs, or do they also include companies like bakeries, breweries and coach hire companies who provide services essential for football functions? Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted August 6, 2010 Share Posted August 6, 2010 Think it was just Football Clubs/Leagues/Organisations, think it included agents, players and non-playing staff too. Local business attached to the club didn't get full whack from what I read. Link to post Share on other sites More sharing options...
Exiled in Texas Posted August 6, 2010 Share Posted August 6, 2010 I'd suspect that HM Goverment will pass some legislation that stipulates that HMRC automatically gets a "Most Favoured Nation" clause that means that they cannot have a lower standing as a creditor than any other entity. Ridiculous that the Prem League (or is it FA) can legally create a situation where they protect some creditors in full based on some industrial association membership, and they can have a higher status that HMRC and HM Government. I understand them saying that we pay football debts before non football debt meaning that they pay transfer fees and wages before they pay any other suppliers etc, but the fact that they can put their own interests above their legal tax obligations is amazing. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted August 6, 2010 Share Posted August 6, 2010 I'd suspect that HM Goverment will pass some legislation that stipulates that HMRC automatically gets a "Most Favoured Nation" clause that means that they cannot have a lower standing as a creditor than any other entity. Ridiculous that the Prem League (or is it FA) can legally create a situation where they protect some creditors in full based on some industrial association membership, and they can have a higher status that HMRC and HM Government. I understand them saying that we pay football debts before non football debt meaning that they pay transfer fees and wages before they pay any other suppliers etc, but the fact that they can put their own interests above their legal tax obligations is amazing. Happens in all sorts of businesses. Link to post Share on other sites More sharing options...
Exiled in Texas Posted August 6, 2010 Share Posted August 6, 2010 I'd suspect that HM Goverment will pass some legislation that stipulates that HMRC automatically gets a "Most Favoured Nation" clause that means that they cannot have a lower standing as a creditor than any other entity. Ridiculous that the Prem League (or is it FA) can legally create a situation where they protect some creditors in full based on some industrial association membership, and they can have a higher status that HMRC and HM Government. I understand them saying that we pay football debts before non football debt meaning that they pay transfer fees and wages before they pay any other suppliers etc, but the fact that they can put their own interests above their legal tax obligations is amazing. Happens in all sorts of businesses. Probably.....but I'm surprised that HM Government doesn't legislate that HM Government doesn't get screwed Link to post Share on other sites More sharing options...
Mowen Posted August 7, 2010 Share Posted August 7, 2010 Are they getting a points deduction this year? As far as I can tell every team that a points deduction hasn't 'affected' has always had one as a follow up. Link to post Share on other sites More sharing options...
jdckelly Posted August 7, 2010 Share Posted August 7, 2010 Are they getting a points deduction this year? As far as I can tell every team that a points deduction hasn't 'affected' has always had one as a follow up. that happened to southampton alright but that was 2 leagues under the football league, portsmouths point deduction was handed out by the premier league so not sure if the same thing applies as its 2 different organisations Link to post Share on other sites More sharing options...
Mowen Posted August 7, 2010 Share Posted August 7, 2010 Are they getting a points deduction this year? As far as I can tell every team that a points deduction hasn't 'affected' has always had one as a follow up. that happened to southampton alright but that was 2 leagues under the football league, portsmouths point deduction was handed out by the premier league so not sure if the same thing applies as its 2 different organisations Leeds too. I thought the drill was that if they're getting relegated anyway they get the deduction next season too. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted September 23, 2010 Share Posted September 23, 2010 Portsmouth have made a complaint to the Football Association and the Italian Federation over non-payment of money for Kevin-Prince Boateng's transfer. A fee of £5m was agreed with Genoa for the 23-year-old midfielder, who was subsequently loaned out to AC Milan. "Genoa were due to pay the first instalment two weeks ago," said the Championship side's administrator Andrew Andronikou. "We've been listening to excuses. We've had enough." He added that Pompey, who have amassed debts of over £120m, were due the second of their four instalments in about a week. "We complained last week on the 15th and got a response saying 'sorry, we mistook your bank details'," said Andronikou. "A week later, it doesn't look like the cheque has even hit the post." Boateng helped Ghana to the quarter-finals of the 2010 World Cup. He joined Portsmouth from Tottenham in 2009, scoring five goals in 27 appearances for the club. Portsmouth, who are without a league win this season, are currently bottom of the Championship. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/9028698.stm Link to post Share on other sites More sharing options...
Anon Posted September 23, 2010 Share Posted September 23, 2010 Portsmouth have made a complaint to the Football Association and the Italian Federation over non-payment of money for Kevin-Prince Boateng's transfer. A fee of £5m was agreed with Genoa for the 23-year-old midfielder, who was subsequently loaned out to AC Milan. "Genoa were due to pay the first instalment two weeks ago," said the Championship side's administrator Andrew Andronikou. "We've been listening to excuses. We've had enough." He added that Pompey, who have amassed debts of over £120m, were due the second of their four instalments in about a week. "We complained last week on the 15th and got a response saying 'sorry, we mistook your bank details'," said Andronikou. "A week later, it doesn't look like the cheque has even hit the post." Boateng helped Ghana to the quarter-finals of the 2010 World Cup. He joined Portsmouth from Tottenham in 2009, scoring five goals in 27 appearances for the club. Portsmouth, who are without a league win this season, are currently bottom of the Championship. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/9028698.stm For some reason, I always assumed that football clubs were run better than the way stoners pay their rent, "cheque's in the post!" Link to post Share on other sites More sharing options...
Dr.Spaceman Posted September 24, 2010 Share Posted September 24, 2010 Portsmouth have the fucking cheek! Link to post Share on other sites More sharing options...
Raconteur Posted September 24, 2010 Share Posted September 24, 2010 Portsmouth have the fucking cheek! Was my first thought too! Link to post Share on other sites More sharing options...
Mowen Posted September 25, 2010 Share Posted September 25, 2010 Does anybody know why Portsmouth didn't get a points deduction this season given that it made no difference last year? I can't think of any other club that have been treated like this. Link to post Share on other sites More sharing options...
Mick Posted September 25, 2010 Share Posted September 25, 2010 Does anybody know why Portsmouth didn't get a points deduction this season given that it made no difference last year? I can't think of any other club that have been treated like this. No, they should have had a further deduction for the reason you mention. Link to post Share on other sites More sharing options...
Guest stokie5554 Posted September 25, 2010 Share Posted September 25, 2010 i hope they go bump, shit club, shit atmosphere, shit everything. Oh and the bellringer is a bellend. Link to post Share on other sites More sharing options...
Dokko Posted September 25, 2010 Share Posted September 25, 2010 i hope they go bump, shit club, shit atmosphere, shit everything. Oh and the bellringer is a bellend. He deserves a vuvuzela orchestra to move in next door to him. Link to post Share on other sites More sharing options...
Pilko Posted October 22, 2010 Share Posted October 22, 2010 Not looking good... Link to post Share on other sites More sharing options...
Disco Posted October 22, 2010 Share Posted October 22, 2010 Off PFC official site... Portsmouth Football Club is extremely disappointed to report that it has not yet managed to achieve the exit from Administration, despite the extensive efforts of the Football League, NewCo, the Administrators and their various legal advisors. The process has been extremely complicated and there has been a team of people working night and day to get the deal done. The most difficult aspect has been trying to achieve agreement with Alexandre Gaydamak after the remaining parties have agreed the deal and executed the necessary documents, namely the new owners, the Administrators, the Football League and the creditors. Unfortunately, despite the new owners fulfilling all the requirements of the Football League and the creditors, and agreeing and signing up to the required terms of the purchase of the club, at the 11th hour the goalposts have been moved by Mr Gaydamak and this has now made the deal impossible to complete. Put simply, despite being offered full payment for the secured part of his debt in accordance with the financial plan approved by the Football League, this morning Mr Gaydamak has demanded a very significant upfront cash payment in order to allow the deal to proceed by releasing his security. All this is in spite of his lawyers going to Paris this morning specifically for the purpose of witnessing his signature to the document agreed yesterday. It is neither in the interests of the club nor its unsecured creditors for such a ransom payment to be made, particularly where the payment is being demanded by one of the authors of the club’s current circumstances. In addition, and equally importantly, all of the business plans submitted and approved by the Football League would be fundamentally damaged by such a requirement placed on the club by Mr Gaydamak. We will provide further information as soon as possible. However, it appears likely that the club will now be closed down and liquidated by the Administrators as they are unable to support the continued trading of the club. We would like to thank the Football League in particular for their support and assistance through this difficult process. All other parties had managed to reach agreement. This has now been undermined by the self-interested actions of one individual. Mr Gaydamak has provided confirmation several times that terms were agreed. However, he has continually changed his position in an attempt to exploit the goodwill of the other parties to the transaction. By now doing this he has shown complete disregard for the supporters, the club and the City of Portsmouth, who had granted him freedom of the city in 2008. His earlier comments when the club went into Administration about doing everything possible to save the club’s future do not appear to reflect his current actions. Link to post Share on other sites More sharing options...
Guest Heneage Posted October 22, 2010 Share Posted October 22, 2010 Need a thread title change... Link to post Share on other sites More sharing options...
Guest GallowgateKev Posted October 22, 2010 Share Posted October 22, 2010 Looks like they are going to go out of buisness!!! sad sad day for football! Link to post Share on other sites More sharing options...
jdckelly Posted October 22, 2010 Share Posted October 22, 2010 ah in here will do, not nice, not nice at all, my local club was liquidated last march it did reform under the stewardship of the fans group but it was a horrid time while it was going on. my sympathies with the portsmouth fans Link to post Share on other sites More sharing options...
James Posted October 22, 2010 Share Posted October 22, 2010 They shouldn't be paying Gaydamak a single penny tbh. Link to post Share on other sites More sharing options...
Segun Oluwaniyi Posted October 22, 2010 Share Posted October 22, 2010 The wording of the statement leads me to wonder if this is a last second ploy to save the club. Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now