Clubs in trouble

[Rudy Can't Fail]

Portsmouth, Cardiff City and Southend United all facing Winding Up orders today.

Reported on BBC - Cardiff also got a stay of execution at the High Court today - their Chairman and Chief Executive, Peter Ridsdale, was in court to hear the verdict.  

Now where have I heard that name before in connection with a football club going tits up........?

I thought Cardiff had some big money man investing in them?

[CJ]

Portsmouth, Cardiff City and Southend United all facing Winding Up orders today.

Reported on BBC - Cardiff also got a stay of execution at the High Court today - their Chairman and Chief Executive, Peter Ridsdale, was in court to hear the verdict.  

Now where have I heard that name before in connection with a football club going tits up........?

I thought Cardiff had some big money man investing in them?

Apparently they've got a couple of potential investors but had to sell some land to raise funds (£1m) to hold HMRC at bay for 28 days

edit:spelling

[Rudy Can't Fail]

Portsmouth, Cardiff City and Southend United all facing Winding Up orders today.

Reported on BBC - Cardiff also got a stay of execution at the High Court today - their Chairman and Chief Executive, Peter Ridsdale, was in court to hear the verdict.  

Now where have I heard that name before in connection with a football club going tits up........?

I thought Cardiff had some big money man investing in them?

Apparently they've got a couple of potential investors but had to sell some land to raise funds (£1m) to hold HMRC at bay for 28 days

It would appear most of their problems point back to Sam Hammam rather than Ridsdale, who appears to be doing a decent job there, despite their current situation.

[CJ]

I think Cardiff owe Hammam a shed load of money and Ridsdale's holding company has gone bust.

[Rudy Can't Fail]

I think Cardiff owe Hammam a shed load of money and Ridsdale's holding company has gone bust.

Rumour from the High Court earlier in the year was that a company of Hammam loaned Ridsdale the money to pay Hammam. Hamman then tried to call in the debt.

Also he apparently stung them at the last minute when closing the original deal, asking for an extra 500k for himself and 90k for his brother. He basically had them over a barrel and they had to pay up.

I guess Hammam wanted to get back in with the Cardiff Soul Crew, now that West Ham look likely to drop and the ICF will be visiting. He really is a twat.

[Holtenderinthesky]

Apologies if mentioned elsewhere and I did look but couldn't find it but we will lose 3 points if Pompey are wound up.  Spurs would also lose 3 and Man City, Arsenal and Chelsea all lose 6.  Liverpool due to their inept performance at Fratton park stand to gain the most as they would lose nothing putting them in line for 3rd never mind 4th.

This could happen and is very concerning.

Link below.

http://football365.com/story/0,17033,8742_5934938,00.html

Edit.  Chelsea would only lose 3, but that matters little to us unfortunately.

[Lucky Eddie]

Cant see it happening but it would be just like the mousers or toon to fall
into their laps. grrrrrrrrrrrrrrrrrr

[TheTimVilla]

The other thing is what happens to their players? I guess they'd all become free agents?

[Holtenderinthesky]

The other thing is what happens to their players? I guess they'd all become free agents?

Possibly.  There is a thread about clubs in trouble, I just didn't find any talk of the points being taken off us and others so I was trying to put that across more than anything, though it is a valid point.

[Monkey]

If it did happen, I don't think we come out of it too badly. As stated, teams around would lose 6pts where we lose 3 - it would certainly make it a bit closer for the 'chasing pack'.

It gets interesting if any players received a red or 5th yellow card in a match against Pompey, and were subsequently banned for an important fixture. Could be allsorts of appeals and ensuing mayhem!!!

[The Man With A Stick]

I hope they stay afloat.  They're a bit of a scummy club, kind of like Small-Heath-on-Sea, but I wouldn't want to see any club go out of business.

Well, almost any club.

[Brend'Watkins]

I wouldn't get worked up over this.  

Think Middlesboro, isn't their real trading name Middlesboro 1991 or something?

So, assume Portsmouth get a winding up order or are forced into administration, in a week or two they'll be Portsmouth 2010 with the same players, same ground, same everything except nil creditors.  Their fixtures for the season will be fulfilled.

[dave.woodhall]

I wouldn't get worked up over this.  

Think Middlesboro, isn't their real trading name Middlesboro 1991 or something?

So, assume Portsmouth get a winding up order or are forced into administration, in a week or two they'll be Portsmouth 2010 with the same players, same ground, same everything except nil creditors.  Their fixtures for the season will be fulfilled.

Administration - company is sold and starts again under a different name. Winding up - no more company.

[LEATHERED]

If it happens, it happens. There isnt a fairer way to sort out the situation.

[eastie]

I can't see them winding up but a god chance of administration, looks like fat harry jumped ship at the right time just like southampton,at least mon has been a success a d left behind a solid club when he's left others unlike the redknapp chap!

One thing he does have though on
most managers is probAbly the hottest daughter in law , can't deny him that honour!