Pompey - winding up order [Archive]

wfc4ever

30-12-2009, 01:27 PM

The Taxman has asked for his money and they are in big trouble.

BBC sport headline:

"Portsmouth FC issued with winding up petition"

Better news for West Ham who have a take-over lined up and Chelsea appear to be "debt free"

mean

30-12-2009, 01:34 PM

The Taxman has asked for his money and they are in big trouble.

BBC sport headline:

"Portsmouth FC issued with winding up petition"

Better news for West Ham who have a take-over lined up and Chelsea appear to be "debt free"

So the Taxman should chase them up. Everyone should pay their tax:xmasembarassed:

Hornmeister

30-12-2009, 01:54 PM

Moved to the main section as this may have an impact on trf fees due.

hornetmaster

30-12-2009, 02:09 PM

The Taxman has asked for his money and they are in big trouble.

BBC sport headline:

"Portsmouth FC issued with winding up petition"

Better news for West Ham who have a take-over lined up and Chelsea appear to be "debt free"

Really bad news as I understand that two payments from them for Smudger and Williamson are due within four weeks:dismay:

Whippendell Woods

30-12-2009, 04:15 PM

Really bad news as I understand that two payments from them for Smudger and Williamson are due within four weeks:dismay:

How about as a special favour to WFC, they allow us to swap places with Portsmouth, seeing as they owe us money they cannot pay?

As an aside, I have no doubt that Peter Storrie who has (mis) managed this descent into oblivion for Pompey will end up with another role in football just as Peter "Fishtank" Ridsdale did after orchestrating Leeds Utd's bankruptcy and Cardiff City's debt dodging foxtrots of late.

PaddingtonsYellowArmy

30-12-2009, 04:23 PM

what w.ankers sold them on such a stupid deal, knowing that pfc were practically skint should have got the money staright away - funny how the winkers didn't secure their loans on the transfer monies due but on the freehold.

Jimbob kills wfc :sign15:

Spud

30-12-2009, 04:32 PM

what w.ankers sold them on such a stupid deal, knowing that pfc were practically skint should have got the money staright away - funny how the winkers didn't secure their loans on the transfer monies due but on the freehold.

Jimbob kills wfc :sign15:

You tell em Pads :xmaswink:

PaddingtonsYellowArmy

30-12-2009, 04:36 PM

You tell em Pads :xmaswink:

i will tell em puds!:sign15::xmas-smiley-022:

Spud

30-12-2009, 04:39 PM

i will tell em puds!:sign15::xmas-smiley-022:

Good man. Ive no idea what you're on about in your more lengthy and detailed financial posts but you've been proved right in my eyes. The bruvs were a bunch of w**kers and all respect to you Pads you stuck by your view. I think you should be chairman.

PaddingtonsYellowArmy

30-12-2009, 04:52 PM

Good man. Ive no idea what you're on about in your more lengthy and detailed financial posts but you've been proved right in my eyes. The bruvs were a bunch of w**kers and all respect to you Pads you stuck by your view. I think you should be chairman.

i doubt if the chair is big enough, i is an even fatter ugly canut that the recently resigned chairthing.:xmasembarassed:

His Royal Hornet

30-12-2009, 04:55 PM

Bad news for us if payments for MW and TS are due anytime soon.

Spud

30-12-2009, 05:16 PM

i doubt if the chair is big enough, i is an even fatter ugly canut that the recently resigned chairthing.:xmasembarassed:

Id buy you a new one Pads and sit by your feet like the faithful dog I am :xmascheesy:

PaddingtonsYellowArmy

30-12-2009, 05:20 PM

Id buy you a new one Pads and sit by your feet like the faithful dog I am :xmascheesy:

Go fetch a russo, now! woof woof.

Spud

30-12-2009, 05:25 PM

Go fetch a russo, now! woof woof.

Id chew the farker to the bone and then take great pride in having a great big dump and knowing it comprises of him.

Keano

30-12-2009, 05:40 PM

Id chew the farker to the bone and then take great pride in having a great big dump and knowing it comprises of him.

not forgetting to oddly common practice of rolling in it for no reason

PaddingtonsYellowArmy

30-12-2009, 05:42 PM

Id chew the farker to the bone and then take great pride in having a great big dump and knowing it comprises of him.

You have true pedigree, chum!:sign15: le puds

rookeryron

30-12-2009, 06:12 PM

If you fail your mortgage or hire purchase payments, your goods are repossessed, perhaps we should send in bailiffs and get our property back!

hornetmaster

30-12-2009, 06:13 PM

Bad news for us if payments for MW and TS are due anytime soon.

Evidently both staged payments are due in January.

The solution (if they can`t pay) may be to send in the Bailifs and re-posess our assets!

Budfrog

30-12-2009, 06:39 PM

If you fail your mortgage or hire purchase payments, your goods are repossessed, perhaps we should send in bailiffs and get our property back!

My views entirely, the pair should report to Malkey for 1st team training and we should only pay the wages that they were on here, with Pompey making up the shortfall till their contracts (with Pompey) expire. It would be then down to us if we keep them or sell.

steve harrow

30-12-2009, 06:48 PM

Clearly, this will come to nothing. Portsmouth FC Limited (or whatever it's exactly called) won't be wound up.

It's disputed anyway so the winding up process is inappropriate. The tax man's way of forcing some panic and payment.

Bubble

30-12-2009, 06:51 PM

I think I heard on the radio tonight that Pompey's TV money is due in January, and the FA have already said that's not being released to them, instead it will go to paying back the debts owed.

Hopefully this means the £5,000,000 (roughly) they owe us?

I am also certain I read on the net a few weeks ago that we have been made priority by the FA to be paid by Pompey, due to our financial position.

hollywood

30-12-2009, 08:23 PM

Not sure if we have been made ''priority'', but i fully expect the full amount to hit the coffers by the end of January (the reported timespan the Russos were offered the 4.88 million)

With A Smile

30-12-2009, 11:02 PM

I think I heard on the radio tonight that Pompey's TV money is due in January, and the FA have already said that's not being released to them, instead it will go to paying back the debts owed.

Hopefully this means the £5,000,000 (roughly) they owe us?

I am also certain I read on the net a few weeks ago that we have been made priority by the FA to be paid by Pompey, due to our financial position.

yep hear this too. At least we get the initial transfer money. We will just lose out on sell on's if they go bust and the players become free agents.

Lets hope that someone comes in and bails them out. Just think two weeks ago this could have been us.

Aberystwyth_Hornet

30-12-2009, 11:49 PM

yep hear this too. At least we get the initial transfer money. We will just lose out on sell on's if they go bust and the players become free agents.

Lets hope that someone comes in and bails them out. Just think two weeks ago this could have been us.

Read it as well, hopefully they'll hang on long enough to sell Smith and Williamson...

I know it wont happen and many will disagree but Williamson is the type of player we are lacking at the back, shame he showed a total lack of respect in the way he left

yelnred

31-12-2009, 11:09 AM

[QUOTE=With A Smile;477660]yep hear this too. At least we get the initial transfer money. We will just lose out on sell on's if they go bust and the players become free agents.

Not so sure on this as if a club goes into liquidation all footballing matters are kept the same and have to be paid and honoured in full. This happened with Chesham when Fitz Hall went to Oldham and they went into liquidation i beleive.

PotGuy

31-12-2009, 01:36 PM

They won't go under, somebody will buy them after admin for a cut price.

Bubble

05-01-2010, 04:01 PM

I think I heard on the radio tonight that Pompey's TV money is due in January, and the FA have already said that's not being released to them, instead it will go to paying back the debts owed.

Hopefully this means the £5,000,000 (roughly) they owe us?

I am also certain I read on the net a few weeks ago that we have been made priority by the FA to be paid by Pompey, due to our financial position.

I knew I wasn't going mad.

Credit to the FA/Premier League. For once.

Vespa Crabro

05-01-2010, 06:20 PM

I just read that we are due along with Chelsea and Spurs to take a cut of their £7.5m January TV money. This is apparently being handled by The Premiership not by the club itself. Fingers crossed.

UEA_Hornet

05-01-2010, 06:23 PM

However if we're not due anything this window we won't get anything. The Premier League have no right to advance the payments currently due to us in installments.

Vespa Crabro

05-01-2010, 06:26 PM

Oh man! Thanks UEA.

Aberystwyth_Hornet

05-01-2010, 06:55 PM

However if we're not due anything this window we won't get anything. The Premier League have no right to advance the payments currently due to us in installments.

But we are due money in Jan...Winter said so in the Q+A. ok he didn't say it was Portsmouth, but he implied it was as he said we would have cash from player sales from the summer so i assume that is money for Priskin, Smith and/or Williamson

Besides haven't the F.A said we are to be included, or is it just paper talk?

Cude>2<

05-01-2010, 08:21 PM

But we are due money in Jan...Winter said so in the Q+A. ok he didn't say it was Portsmouth, but he implied it was as he said we would have cash from player sales from the summer so i assume that is money for Priskin, Smith and/or Williamson

Besides haven't the F.A said we are to be included, or is it just paper talk?

Reading?

Aberystwyth_Hornet

05-01-2010, 10:41 PM

Reading?

:dismay: I'd clearly removed McAnuff from my memory!

To pints of Lager now

06-01-2010, 12:05 AM

However if we're not due anything this window we won't get anything. The Premier League have no right to advance the payments currently due to us in installments.

Not sure if you saw the article from the F.A about 3 weeks ago stating that we would be paid first and Urged portsmouth to pay what they owe us before any premier league side they owed money to.

His Royal Hornet

06-01-2010, 12:16 AM

Not sure if you saw the article from the F.A about 3 weeks ago stating that we would be paid first and Urged portsmouth to pay what they owe us before any premier league side they owed money to.

They are taking the money and splitting it 3 ways if I remember correctly?

hornetmaster

06-01-2010, 01:54 PM

They won't go under, somebody will buy them after admin for a cut price.

Not so sure about that PG, Gadamek (?) sold the club for a pound last time, and evidently reduced his loan by £20 million to £29 million, whilst als guaranteeing a £2.5 million Barclays bank loan.

Evidently our money is due on 10th January from Pompey.

UEA_Hornet

06-01-2010, 02:41 PM

Not sure if you saw the article from the F.A about 3 weeks ago stating that we would be paid first and Urged portsmouth to pay what they owe us before any premier league side they owed money to.

I'm not saying we are or aren't owed money by Portsmouth this month. I have no idea if we are or not. But I am certain that if Watford made a deal with Portsmouth for a £3m fee for Williamson to be paid in installments over the next two to three seasons the Premier League are not suddenly able to force them to pay the balance by taking the money from their tv funds. People suggesting that all the debts owed by Portsmouth will be cleared as a result of this are wrong.

Supporter in Spain

07-01-2010, 12:42 PM

Having been in finance for many years, I would be amazed if the terms of the contracts between football clubs didn't have a clause which states that in the event of a payment default the total outstanding balance becomes immediately due and payable.

Therefore, if the Premiership management are so minded, I have no doubt that contractually they could pay us all the outstanding fees immediately after the payment has been missed on the due date.

Defunct

28-01-2010, 12:45 PM

I'm hearing the players haven't been paid again, and now it seems Portsmouth FC's official website is off the air as well.

Could this be the end?

http://www.portsmouthfc.co.uk/

Optimistichornet

28-01-2010, 12:56 PM

seems they cant even afford to pay for their website.

Defunct

28-01-2010, 01:08 PM

One of their forums just had this posted:

Website shut down
Generators repossesed
Gurnsey Kids facility shut down
Marque closed down
Staff (non) pay due tomorrow...
Mini buss's repossed..
Two additional creditors attaching themselves to the WUO...

If all of that isn't trading whilst insolvent I don't know what is...

Welcome to the start of the end http://boards.footymad.net/smileys/frown.gif

Pay up Pompey!

UEA_Hornet

28-01-2010, 01:21 PM

Probably is indicative of team about to call in the administrators, yes.

wfcwarehouse

28-01-2010, 01:50 PM

Probably is indicative of team about to call in the administrators, yes.

I'd go along with that.

20/20 Vision

28-01-2010, 01:54 PM

But hey, the Prem says they can now sign players as long as they don't pay transfer fees. Nice signing-on fees are OK, I suppose.

Keano

28-01-2010, 02:14 PM

the 606 quote on here made me laugh

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8485388.stm

Layton

28-01-2010, 02:29 PM

Makes me laugh , only an idiot didnt know they were dabbling in the sort of finances they shouldnt have been , and now their fans are `marching ` about it , didnt see the bell ends marching when they were lifting the FA Cup , what did they think campbell , distin etc were on , farking peanuts!?

divs

PaddingtonsYellowArmy

28-01-2010, 02:57 PM

Makes me laugh , only an idiot didnt know they were dabbling in the sort of finances they shouldnt have been , and now their fans are `marching ` about it , didnt see the bell ends marching when they were lifting the FA Cup , what did they think campbell , distin etc were on , farking peanuts!?

divs

Me too Lates... and to think that " i saved the club a million times, Jimbob", not only did business with them, he bloody deferred the transfer fees due... Now that it is an IDIOT!:dismay::forehead::doh:

poleman

28-01-2010, 03:18 PM

Their website is on the air now- the thing that makes me laugh is that they have a tab at the top- PFC FINANCIAL SERVICES!
Loan anyone!?

Hornmeister

28-01-2010, 04:18 PM