Today. COURT 5 Before MR JUSTICE DAVID RICHARDS Friday, 25 May 2012 At half past 10 FOR JUDGMENT TRIAL LIST This is over the football creditors ruling which Sky reported a while back could 'destroy' Pompey. Still unsure how :/ http://www1.skysports.com/football/news/11674/7648507/Rule-could-destroy-Portsmouth Thoughts on this? Also the Football League AGM meeting is on the 2nd June. On this date FL clubs have to agree to 'terms and conditions etc and have to prove that they can fulfill fixtures etc... What are your thoughts and opinions on this? All the best!
Surely if they got rid of the football creditors ruling (which is completely unfair) that would substantially reduce Portsmouth's debts? Now if we could somehow find a way to make Gaydamak and Chainrai unsecured creditors, don't think the latter would be so eager to pay up 2p in the £ then.
An obscene decision. It does mean that HMRC will really play hardball now where they can. I think if at all possible they will always vote against CVAs in future.
IF they got rid of the FCR, which players would sign for Portsmouth & which agents would advise their clients to sign? There was an agent on Talksport saying that if the rule was abolished, the best players would sign for the better run clubs. Would your mob have been able to outbid other Clubs for Norris, had there been a chance he wouldn't have got paid? He would have taken a smaller salary, from a club that will pay him. At the moment, he knows whatever happens he'll get his money 100%. Clubs would also want money upfront for signings from Clubs like yours. Thinking the abolishment of the FCR will benefit you because like The public purse and local business'/charities you could knock other clubs and players to reduce your debt, is just not thinking the long term effects on your club. You will end up with a team of free transfers and non contract players, that nobody else wants. If you think 1960-2005 was a long time, it'll be even longer if the revenue win their appeal.
Well, Darlington have just been dropped to the Northern League, tier 10. The chances of them actually existing in that division? Pretty much nil.
I see what you mean, but we weren't the only club offering more than we could afford. Plenty of clubs do that so players, as you say, can sign for high salaries, even if they know the clubs can't afford them, as they know if it goes pear-shaped they'll get 100% of what they're owed. If this was changed, both players and clubs would be more sensible in their negotiations as the former would know that they're not guaranteed 100% of what they're owed if it goes pear-shaped so they have more of a vested interest to ensure that does happen, while it will give clubs a much stronger bargaining position leading to a natural reduction in wages. Yes, that'll affect Portsmouth but it'll affect every other club (except possibly City) too. What you describe is not looking at the long-term impacts of getting rid of the football creditors rule but looking at it in the very short term. While teams with the highest incomes will be able to offer the highest salaries, that's no different from now. The Football League are right in saying getting rid of the rule could cause chaos, but it would, I imagine, just be a period of readjustment. Plus, if they didn't bring the changes in immediately, that would give teams time to adjust reducing the chaotic impact of the changes.
All that continued speculation will do is drive us to drink. I think we need to keep the engine idling in 'wait and see' mode for the time being
