http://www.skysports.com/story/0,19528,11674_5980481,00.html
Fuckin el. Got to feel for the Pompey fans. What happens next I wonder?
Fuckin el. Got to feel for the Pompey fans. What happens next I wonder?
Portsmouth to go into administration in the morning
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They'll survive. A lot of people will suffer because of this, but the club will be all right. As for relegation... they were pretty much doomed anyway.
I can see this happening to other PL clubs soon unless something dramatically changes.
I can see this happening to other PL clubs soon unless something dramatically changes.
I'm not sure they will survive Bunnyman, and if they do it'll take a long time for them to recover.
Administration was the only way they'd keep in business for the rest of the season, it was an inevitability given the embarrassment the PL powers that be would suffer if one of their members ceased to exist mid season.
They're still on the hook for player contracts worth 52m next year. They'll need to shift a lot of those players over the summer and they'll still end up paying something towardse the wages players they no longer have in the squad. Pretty much the way Leeds did.
Administration was the only way they'd keep in business for the rest of the season, it was an inevitability given the embarrassment the PL powers that be would suffer if one of their members ceased to exist mid season.
They're still on the hook for player contracts worth 52m next year. They'll need to shift a lot of those players over the summer and they'll still end up paying something towardse the wages players they no longer have in the squad. Pretty much the way Leeds did.
won't they have to carry forward the points deduction to the championship if they don't get within 9 points of 17th place? that's the rule isn't it? so that'd be more problems next year.
just an example, i read somewhere that john utaka's on £80k a week...someone's got a lot to answer for.
just an example, i read somewhere that john utaka's on £80k a week...someone's got a lot to answer for.
I bet they wish they could play us every week
[quote author=peterhague link=topic=39059.msg1060313#msg1060313 date=1267134215]
won't they have to carry forward the points deduction to the championship if they don't get within 9 points of 17th place? that's the rule isn't it? so that'd be more problems next year.
just an example, i read somewhere that john utaka's on £80k a week...someone's got a lot to answer for.
[/quote]
That Utaka rumour was refuted recently, I think by Harry Redknapp of all people. He reckons Utaka is on 28 grand a week.
The curious thing for me is the Chief Executive who was in charge for the entire duration of the build up debt and overrun of costs is the very same fella who every new owner kept in as Chief Executive. What sort of contract is he on ?
won't they have to carry forward the points deduction to the championship if they don't get within 9 points of 17th place? that's the rule isn't it? so that'd be more problems next year.
just an example, i read somewhere that john utaka's on £80k a week...someone's got a lot to answer for.
[/quote]
That Utaka rumour was refuted recently, I think by Harry Redknapp of all people. He reckons Utaka is on 28 grand a week.
The curious thing for me is the Chief Executive who was in charge for the entire duration of the build up debt and overrun of costs is the very same fella who every new owner kept in as Chief Executive. What sort of contract is he on ?
is it true the points teams have won against pompy will be removed?
As far I know they still have the winding up petition from the tax man to sort out at the start of March who last week were still looking all of the £11 million they are owed, regardless if they went into administration are not so there's still a chance they'll be out of business before the next round of the FA cup.
Storrie is supposedly on £1 million a year.
Storrie is supposedly on £1 million a year.
[quote author=spider-neil link=topic=39059.msg1060322#msg1060322 date=1267134684]
is it true the points teams have won against pompy will be removed?
[/quote]
No.
Administration gives them Court protection from the creditors that are seeking to have them wound up. So they'll continue until the end of the season and get relegated.
In this case, and actually in all cases recently it's been The Revenue who have been seeking winding up orders because they're getting fucked over by football clubs leaving tax debts behind through administration. I don't know how but UK football clubs have managed to ensure that football debts get paid before taxes get paid in the event of clubs going to the wall. The Revenue have apparently lost about 30m of uncollected taxes because of this rule.
is it true the points teams have won against pompy will be removed?
[/quote]
No.
Administration gives them Court protection from the creditors that are seeking to have them wound up. So they'll continue until the end of the season and get relegated.
In this case, and actually in all cases recently it's been The Revenue who have been seeking winding up orders because they're getting fucked over by football clubs leaving tax debts behind through administration. I don't know how but UK football clubs have managed to ensure that football debts get paid before taxes get paid in the event of clubs going to the wall. The Revenue have apparently lost about 30m of uncollected taxes because of this rule.
[quote author=Rosco link=topic=39059.msg1060329#msg1060329 date=1267134919]
[quote author=spider-neil link=topic=39059.msg1060322#msg1060322 date=1267134684]
is it true the points teams have won against pompy will be removed?
[/quote]
No.
Administration gives them Court protection from the creditors that are seeking to have them wound up. So they'll continue until the end of the season and get relegated.
In this case, and actually in all cases recently it's been The Revenue who have been seeking winding up orders because they're getting fucked over by football clubs leaving tax debts behind through administration. I don't know how but UK football clubs have managed to ensure that football debts get paid before taxes get paid in the event of clubs going to the wall. The Revenue have apparently lost about 30m of uncollected taxes because of this rule.
[/quote]
I already said that but not in show off language.
[quote author=spider-neil link=topic=39059.msg1060322#msg1060322 date=1267134684]
is it true the points teams have won against pompy will be removed?
[/quote]
No.
Administration gives them Court protection from the creditors that are seeking to have them wound up. So they'll continue until the end of the season and get relegated.
In this case, and actually in all cases recently it's been The Revenue who have been seeking winding up orders because they're getting fucked over by football clubs leaving tax debts behind through administration. I don't know how but UK football clubs have managed to ensure that football debts get paid before taxes get paid in the event of clubs going to the wall. The Revenue have apparently lost about 30m of uncollected taxes because of this rule.
[/quote]
I already said that but not in show off language.
[quote author=Rosco link=topic=39059.msg1060321#msg1060321 date=1267134576]
[quote author=peterhague link=topic=39059.msg1060313#msg1060313 date=1267134215]
won't they have to carry forward the points deduction to the championship if they don't get within 9 points of 17th place? that's the rule isn't it? so that'd be more problems next year.
just an example, i read somewhere that john utaka's on £80k a week...someone's got a lot to answer for.
[/quote]
That Utaka rumour was refuted recently, I think by Harry Redknapp of all people. He reckons Utaka is on 28 grand a week.
The curious thing for me is the Chief Executive who was in charge for the entire duration of the build up debt and overrun of costs is the very same fella who every new owner kept in as Chief Executive. What sort of contract is he on ?
[/quote]
i suppose all you can really say in his defence is that we don't know what assurances/directions he was given by Gaydamark.
[quote author=peterhague link=topic=39059.msg1060313#msg1060313 date=1267134215]
won't they have to carry forward the points deduction to the championship if they don't get within 9 points of 17th place? that's the rule isn't it? so that'd be more problems next year.
just an example, i read somewhere that john utaka's on £80k a week...someone's got a lot to answer for.
[/quote]
That Utaka rumour was refuted recently, I think by Harry Redknapp of all people. He reckons Utaka is on 28 grand a week.
The curious thing for me is the Chief Executive who was in charge for the entire duration of the build up debt and overrun of costs is the very same fella who every new owner kept in as Chief Executive. What sort of contract is he on ?
[/quote]
i suppose all you can really say in his defence is that we don't know what assurances/directions he was given by Gaydamark.
[quote author=themn link=topic=39059.msg1060343#msg1060343 date=1267135339]
Portsmouth make us look like Microsoft.
[/quote]
Yeah. We look good but are fucking shite doing what were supposed to do.
Portsmouth make us look like Microsoft.
[/quote]
Yeah. We look good but are fucking shite doing what were supposed to do.
[quote author=Sheik Yerbouti link=topic=39059.msg1060345#msg1060345 date=1267135426]
[quote author=themn link=topic=39059.msg1060343#msg1060343 date=1267135339]
Portsmouth make us look like Microsoft.
[/quote]
Yeah. We look good but are fucking shite doing what were supposed to do.
[/quote]
Your avy is bob.
[quote author=themn link=topic=39059.msg1060343#msg1060343 date=1267135339]
Portsmouth make us look like Microsoft.
[/quote]
Yeah. We look good but are fucking shite doing what were supposed to do.
[/quote]
Your avy is bob.
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