Clubs in trouble

[Villa'Zawg]

Portsmouth have lost their case at the high court, where they were trying to block the HMRC winding up petition.

They until Feb 10th to settle the tax claim, believed to be approx. £11m.

With the PL refusing to hand over TV money, They are in real danger of becoming the first PL club to be forced into administration.

[bertlambshank]

nothing more than they deserve.Now to bring down Redknob.

[CJ]

If Portsmouth go under at least we won't have to suffer that tosser with the bell any more.

On a more serious note I was really sorry to see King's Lynn go under. I lived in KL as a lad and spent many a Saturday afternoon standing on crumbling terracing watching them (especially after half time as you could get in free!).

[UK Redsox]

I'm glad that the Court took this view. Clubs should not be allowed to get away with running up tax bills to improve their cashflow position.

[dave.woodhall]

Remember when you're hoping for administration who really suffers - the local businesses the clubs owe money to.

[UK Redsox]

Remember when you're hoping for administration who really suffers - the local businesses the clubs owe money to.

Which is one of the reasons why "football creditors" should not be given preference.

[lovejoy]

...and HMRC ie the tax payers - you and me. Quite how a team can pay a punter £80k/week but not pay its tax is beyond me.

[PaulTheVillan]

Sol Campbell to Sue Portsmouth for £1.7m in Bonus payments and image rights

[Chris Jameson]

Whilst i have little (in fact, no) sympathy for Portsmouth i can't believe that Sol Campbell, who no doubt was paid very handsomely by the club, has found himself in the position where he is in desperate need of £1.7 million.

Confirms what a money grabbing mercenary he is, although i'm sure he went to Notts County for the 'challenge' but once he found out there wasn't the funds for the 'challenge' he did the honourable thing. No class whatsoever.

[pdiddybaby]

Whilst i have little (in fact, no) sympathy for Portsmouth i can't believe that Sol Campbell, who no doubt was paid very handsomely by the club, has found himself in the position where he is in desperate need of £1.7 million.

Confirms what a money grabbing mercenary he is, although i'm sure he went to Notts County for the 'challenge' but once he found out there wasn't the funds for the 'challenge' he did the honourable thing. No class whatsoever.

so you are owed money by a falling business do you just stand by and watch others grab it. It may seem to be very callous but as per his contract he is owed the money, regardless of how much he has already.

Pompey will have to go into adminstration soon just depends how much Gaydamak and his mates can launder through the club before that.

[Risso]

Remember when you're hoping for administration who really suffers - the local businesses the clubs owe money to.

But if a team is paying too high wages in an attempt to gain a competitive advantage over its rivals, and doesn't pay its tax, its not only nicking money from taxpayers as pointed out by others, but is potentially damaging local businesses in other areas.

[pablopicasso_10]

overspending is a gamble... sometimes it pays off, and the rewards then help pay off that gambling debt, sometimes it doesnt...

but those taking the gamble know the risks...

the fans of portsmouth enjoyed lauding it up over other clubs fans when they won the fa cup, so they were happy to take the spoils of that gamble...

now its time to pay the piper, they play the victim, and i find that quite pathetic...

while slightly different, manure and bin dipper fans will do the same if their clubs financial mismanagement comes back to haunt them (i doubt it will though because they are cash cows to suits who know nothing of the game)...

im sorry if i sound unsympathetic, but i am, so thats how it comes across, but i say, if a club gambles and they lose out, then tough luck...

[The Man With A Stick]

He might be entitled to the money but I doubt Campbell's desperate for cash.

[Uncle Junior]

I dont get the Portsmouth money laundering thing. What would you choose to put dirty money through one of the most high profile businesses in Britain, thereby drawing massive attention to yourself? It doesnt make sense.

[Countryside Villain]

He might not be desperate for cash and Sol has generally displayed mercenary tendencies, but its not like hes' owed a few quid for expenses is it.  If he's entitled to the £1.7 million, he has every right to go after it.  I know I would if my employer tried to shaft me out of a single penny, regardless of the state it left them in.