Clubs in trouble

[adrenachrome]

I've got a weird feeling Portsmouth will survive and get to the FA Cup final.

If we can't win it, I hope they do.

You are getting very emotional about other people's clubs. First Fulham, now the bellringers. Are you going through the change?

I feel myself possessed by a benevolent force, Damon.

I offered an old person my seat at the weekend. Not at the match, mind.

Menopause innit.

Maudlin sentimentality as such.

[pauliewalnuts]

I've got a weird feeling Portsmouth will survive and get to the FA Cup final.

If we can't win it, I hope they do.

You are getting very emotional about other people's clubs. First Fulham, now the bellringers. Are you going through the change?

I feel myself possessed by a benevolent force, Damon.

I offered an old person my seat at the weekend. Not at the match, mind.

Menopause innit.

Maudlin sentimentality as such.

Manopause.

*bursts into tears*

That was so beautiful, adrenachrome.

[Dave Cooper please]

On a slightly lower level, word has it that Farsley Celtic have been wound up and will cease to exist from today.

Another club fucked up by an over-ambitious owner who chased league football with a club that barely got 400 fans through the turnstiles when in The Conference.

[BannedUserIAT]

From The Times online:

Portsmouth must find £7 million before the end of the month if they are to avoid being wound up, the High Court heard today. Her Majesty's Revenue and Customs (HMRC) laid bare Portsmouth's dire financial situation as the Premier League’s bottom club returned to court this morning after the basis on which they entered administration last Friday was challenged.

[andyh]

the Portsmouth hearing adjourned until 15/3.
It appears that there is now a question around the validity of the administrator and that he is in some way 'connected' to the owner !!!!
This is becoming even more incredulous and I suspect that HMRC are going to be soooooo pissed off that pompey will be made an example of.

   http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8544183.stm

[hawkeye]

What has aroused thier suspicions is that the administrator got parachuted in useing a debenture application when it would have been normal for the club to propose the Administration, Hacker Young were not on the ticket.
The administrator is supposed to be nuetral as he is effectively appointed by the court. HMRC could have got wind of a Pre Pack and this action has stopped that it ints tracks.
HMRC are all over this like one of RFTs suits.

[KONSPIRACY]

I thought the "Administrator" looked more than a little suspicious last week. Everything that comes out of his mouth sounds remarkably similar to the other slimy "representatives" associated with the club and its "owners".

[damon loves JT]

I thought the "Administrator" looked more than a little suspicious last week. Everything that comes out of his mouth sounds remarkably similar to the other slimy "representatives" associated with the club and its "owners".

he looks suspiciously like the caretaker from the old fairground

[cdbearsfan]

If they can't pay HMRC, surely that means they wouldn't have a Voluntary Agreement (or something like that, forgotten the proper name)? This means they should be deducted another 15 points as I understand it.

Would be better to take them now when they are virtually down then wait till next season.

[joe_c]

I thought the "Administrator" looked more than a little suspicious last week. Everything that comes out of his mouth sounds remarkably similar to the other slimy "representatives" associated with the club and its "owners".

he looks suspiciously like the caretaker from the old fairground

And he would have gotten away with it if it hadn't been for you blasted meddling kids.

[lardboy]

I see the HMRC are challenging Portsmouths admin order, I think they will clamp down big style on all football clubs, they must owe billions in unpaid taxes.Which will effect us all in long time.

Why will it?  The majority of clubs will pay the tax they owe on a regular basis just like they're supposed to.

Or keep rearranging their debts to ensure that any profits are outweighed by interest on debts as Man U have done.  It would be nice if I could write off some (or all) of my tax burden because I've been living on credit cards.

One rule for businesses, one rule for the people.  Such is politics.

[hawkeye]

I thought the "Administrator" looked more than a little suspicious last week. Everything that comes out of his mouth sounds remarkably similar to the other slimy "representatives" associated with the club and its "owners".

I dont want to say too much but it is an  unusual appointment.

Oh by the way the majority of Insolvency Practitioners are like that

[atomicjam]

Mr Andronikou is not Mr Popular at Swindon...

http://thetownend.com/index.php/topic,35994.390.html

[hawkeye]

Mr Andronikou is not Mr Popular at Swindon...

http://thetownend.com/index.php/topic,35994.390.html

Thanks for those links.

The 3rd tier Insolvency Practices are full of these characters, Hacker Young are a back street firm and have a bit of form

[hawkeye]

Mr Andronikou is not Mr Popular at Swindon...

http://thetownend.com/index.php/topic,35994.390.html

Thanks for those links.

The 3rd tier Insolvency Practices are full of these characters, Hacker Young are a back street firm and have a bit of form

this is a great quote

 "After all they've been through, having Andronikou turn up as administrator must be like being caught in a civil war, having your house and possessions destroyed by rogue troops but thinking you've at least reached safety when you finally manage to battle your way through to a refugee camp. And then you get introduced to the camp director, Mr Satan"