Clubs in trouble

[newtonsballs]

Would anyone take a FA Cup win only to be followed by a Portsmouth/Leeds collapse versus 10 years of mid-table finishes...

By chance are you related to a certain Mr Ellis? :)

[BIGBADBOBSCLARET&BLUE]

What on earth is the Premier League's "Fit and Proper Person" test?  Surely it should be the first line of defence against things like this happening?

Portsmouth fans had a meeting with the PL on this and Scudamore said that they do not intervene with how a club is funded, just whether the person owning it is

real
no recent convinctions (ones before 2002 do not count)

thats it

no financial scruntiny which is why Yeung  was able to take over Blues where the source of funding is very obscure as it is clear Yeung himself does not have the cash.

Might as well let Peter Sutcliffe put a bid in then.

[Rip Van We Go Again]

What on earth is the Premier League's "Fit and Proper Person" test?  Surely it should be the first line of defence against things like this happening?

Portsmouth fans had a meeting with the PL on this and Scudamore said that they do not intervene with how a club is funded, just whether the person owning it is

real
no recent convinctions (ones before 2002 do not count)

thats it

no financial scruntiny which is why Yeung  was able to take over Blues where the source of funding is very obscure as it is clear Yeung himself does not have the cash.

Might as well let Peter Sutcliffe put a bid in then.

Let him help at West Ham.
He'll soon reduce the staff numbers, allbeit on the female side.

[Chico Hamilton III]

What on earth is the Premier League's "Fit and Proper Person" test?  Surely it should be the first line of defence against things like this happening?

Portsmouth fans had a meeting with the PL on this and Scudamore said that they do not intervene with how a club is funded, just whether the person owning it is

real
no recent convinctions (ones before 2002 do not count)

thats it

no financial scruntiny which is why Yeung  was able to take over Blues where the source of funding is very obscure as it is clear Yeung himself does not have the cash.

Might as well let Peter Sutcliffe put a bid in then.

Let him help at West Ham.
He'll soon reduce the staff numbers, allbeit on the female side.

He is a big fan of hammers

[dave.woodhall]

Not big, not clever.

[Rip Van We Go Again]

What on earth is the Premier League's "Fit and Proper Person" test?  Surely it should be the first line of defence against things like this happening?

Portsmouth fans had a meeting with the PL on this and Scudamore said that they do not intervene with how a club is funded, just whether the person owning it is

real
no recent convinctions (ones before 2002 do not count)

thats it

no financial scruntiny which is why Yeung  was able to take over Blues where the source of funding is very obscure as it is clear Yeung himself does not have the cash.

Might as well let Peter Sutcliffe put a bid in then.

Let him help at West Ham.
He'll soon reduce the staff numbers, allbeit on the female side.

He is a big fan of hammers

And the Blades

[dave.woodhall]

Final warning.

[Shrek]

From what I understand there is no chance of administration or liquidation, pompey have 7 days to pay the 11.5 million bill or they are wound up!

[Concrete John]

From what I understand there is no chance of administration or liquidation, pompey have 7 days to pay the 11.5 million bill or they are wound up!

I don't understand this.

Surely the tax-man would be better taking half of what's owed, which I understand is what Pompey offerred, and keeping the club going to get the rest at a later date.  

If they are wound up, does this not mean the IR and all other creditors will only X pence in the pound?

[damon loves JT]

From what I understand there is no chance of administration or liquidation, pompey have 7 days to pay the 11.5 million bill or they are wound up!

But really - do you expect that to happen?

[Chris Smith]

From the Beeb:

Court registrar Christine Derrett said she feared the company would continue to trade and build up more debts that would not be paid.

"I am very concerned about the financial status of this company," she said. "It seems to me there's a very real risk that this company is undoubtedly trading while it is insolvent.

"I'm obviously conscious that, by making a winding-up order, it would have very severe consequences not only for the company as a business but for the supporters themselves, but that's not a consideration that I strictly take into account."

[pauliewalnuts]

If they are wound up, does this not mean the IR and all other creditors will only X pence in the pound?

They should pay off their creditors with players.

So Aruna Dinane, for example, might be seized by the HMRC and put to work in the offices.

David James could be used to do the voiceovers on those tax return ads, thus removing the need to pay Moira Stuart (or even worse, that Adam Doublebarrel-Name bloke they used to use) to do them, thereby representing savings for the tax payers.

I don't know if they could use John Utaka for much, though.

[richard moore]

I am working on all the Pompey fans round here to try to get them to convert to the Villa should the club vanish into thin air. Sign up and you get one of my many old scarves, a copy of H and V from somewhere between about 1992 and now, a free programme from roughly the same period and access to a choice library of Villa-related books, including many by our very own SP and DW...

[BannedUserIAT]

Pompey fans have to look at this and wonder how this state came to be.

Football supporters always believe the new owner/chairman is the Messiah.

What on earth is the Premier League's "Fit and Proper Person" test?  Surely it should be the first line of defence against things like this happening?

I bet the test is as tricky as this:

Complete the following sequence - 1, 2, 3, 4, ?

Congratulations, you've been classed fit and proper to run a football club!

This is the problem Harry though, innit.

1, 2, 3, 4...5 for the chairman, 6 in a brown paper bag, 7 for me....

[BannedUserIAT]

Can the owner/owners/imaginary people that supposedly run the place, shred all the evidence in 7 days?