Pompey are apparently 48 hours from liquidation

take off every zig!

 

No Rickie, there is no petition - are you wumming or just up on your high horse?

 

there should be a petition, do the crime... do the time.

are you saying that Portsmouth should get away with this? put on your business hat and ask yourself, should PFC sell players and the stadium to pay back it's creditors who are clearly not going to be paid otherwise?

 

P.s. suspect if you offered Pompey fans a 10 point deduction in exchange for survival of their club they'd snatch your hand off.

 

"High horse"

I'd image the other 71 Football League clubs (especially those near the bottom of the Championship and those with previous large points deductions) would be pretty annoyed if the Football League aren't firm with Pompey. By not paying tax and using that money on players wages you have an unfair competitive advantage over all those clubs that are paying taxes.

You even signed Etuhu very recently despite not paying tax. Want Pompey should be doing now is playing the youth team and selling any player they can so that the taxman and the country as a whole have what is rightfully theirs.

 

I'm not a WUM mate.

Still frustrated from yesterday's game
And a tough day at work today for myself.

Not a happy person at the moment.

 

Yeah - been there myself several times, especially the tough day at work, but I don't take it out on your board

 

True mate true.

I don't want Pompey to go out I'd business which I have said several times in the past.

But I just find it incredible that other clubs have suffered far worse for doing lesser crimes than what Portsmouth have done.

I just think the FL/FA need to take some sort of punishment up to show that it CAN happen to anyone.

Would be a kick up the backside to many clubs

 

Well Rickie, if I ruled the world, which unfortunately I don't I would punish:

Milan Mandaric (for selling the club to a gun-runner)
Sasha Gaydamak (for using his fathers money to fund the club beyond its means then pulling the plug)
Al-Faraj (for being an idiot)
El-Mirage - if he exists (for being somebody's stool pigeon)
Balram Chanrai (for using the club in his private dispute with Gaydamack)
Vladamir Antonov - (for whatever he planned to do with the club)

Now that would be a kick up the backside and make other owners sit up and take notice!

 

Oh - nearly forgot - then I would hand the club and all property over to the fans to run the club properly, living within their means.

 

Oh - I would also punish the PL & FL for allowing all the above to pass the Fit & Proper Persons Test.

 

How was the Football League to know before the Lithuanian and Latvian authorities that Antonov may have been acting illegally?

 

They wouldn't have known about this latest problem (which may or may not be politically motivated) but the Financial Services Authority had refused to allow him to open a branch of his bank in England. Plus his dodgy background was easily available from google searches, although he assured everyone that it wasn't true. The FSA refusal was true.

And my comment was about ALL of the above, not just Antonov.

 

I just used Antonov because the same applies to all of them.

Yes, the FSA refused Antonov, but he still hadn't done anything proven to be illegal at the time he applied for the fit and proper persons test. I doubt the Football League is legally under British Law allowed to prevent someone owning a British company purely because they "look dodgy".

 

I think you are right MLG which is what makes this much more complicated than it seems.

 

Interesting statement from PFC yesterday and seems very honest which is a refreshing change from when Mr. Storrie held the reigns. Mr. Lampitt appears to be doing an ok job in very difficult circumstances. Sadly though the club did gamble slightly on outside investment coming to fruition and not on its own income which is why they now face the winding up order.

Sounds like the tea & biscuits shared between Admin Andy and the Portsmouth News did not go down very well with Mr. Lampitt. I'm going to assume any offers for players will now be at even lower figures as everyone will be aware of their situation.

I took the statement as a final plea to Portpin(Chainari) to invest some money to tide the club over whilst a buyer is sought.

The statement did explain that they have turned down transfer bids because they were hopeful of a buyer or investment from Portpin. The squad is already threadbare so you can't blame them for delaying this course of action for as long as possible.

My own personal opinion is that Portsmouth football club are heading for Administration again. They're unlikely to find someone willing to pay for an insolvent club, but someone would be more likely to be found if they purchased the company for £1 and then could get started on the debts.

Of course I have no idea how much Chainari is still owed, but he still holds the lease to the football ground and this is his way of getting repaid, but it will be more long term than he would like.

If Portsmouth do go into administration again, can anyone advise what would happen to the current CVA and how that is effected?

Hard times and Lampitt faces some tough calls

 

To be fair, it's not the club that has breached rules. It is, as with all businesses, the decision makers at the clubs. The owners should be punished to the full extent of the law and the entire FPP/ownership debacle should result in an enquiry. It won't of course but it should. As for Antonov, it wasn't just the FSA that considered him smelly, it was also the EIB who refused to sanction finance for SAAB if he was involved.

As for administration, usually a business is wound up automatically if it goes into administration three times. As with all these things though, exceptional circumstances can influence the norm.

 

???

Of course the club has breached the rules, the owners act on behalf of the club. By this logic no business has ever breached any rules.

You can say they've had poor owners, which is true, but the fact remains, like MLG says, they've had a competitive advantage over other teams for years because of 'financial doping' and I'm afraid they should be severely punished.

 

Well I have never agreed with points deductions and I'm not about to start now. You could argue that money they didn't have contributed to the FA cup win I suppose but a quick look at the books of all but two of the PL clubs will show you the same thing! Surely the uncertainty of whether or not you'll even have a club to support is punishment enough for supporters who have hee haw to do with it? There will no doubt be a sanction (supposedly there to punish owners who are no longer even there!) to be consistent with other punishments but what will it do? Oh that's right - compound the situation and make it even worse.

I'm a Saints fan but I'm also a football fan and the way clubs are punished for the actions of owners is daft. Oh and yes, businesses do break the rules and when they do, it's the owners who are fined....

 

Rules are rules and creditors have to be paid. Paying transfer fees and wages before your debts is effectively cheating, and there should be serious sanctions to discourage it. Portsmouth have been punished before but they didn't improve their behaviour.

I agree that the fans have no blame and sympathise with them, but in the long run the best thing for them might be for the club to fold and a well-supported 'AFC Portsmouth' to rise from the ashes, rather than years more uncertainty and shame.

The owners should be punished too, they've not only broken the rules of football but the law of the land as well I'm sure. Harry and Mandaric's court appearance is hopefully the first of many.