by Royal Monk » 30 Jan 2013 17:18
by Ian Royal » 30 Jan 2013 18:29
So kicked out the league if still in Admin by 30th June. Automatically liquidated if still in Admin at 17 August.Royal Monk PKF confirm judge grants Pompey 6-month administration extension until August 17
The FL's deadline for Portsmouth to come out of administration is June 30th.
EDIT :
A spokesman for PKF added a judge has agreed to extend Pompey’s administration until August 17.
The firm had to apply for an extension with the one-year anniversary of the club being put into administration looming on February 17.
But PKF stressed that the club cannot enter next season in administration and added work will continue to bring the club out of administration before June.
Last week Football League chairman Greg Clarke warned Pompey would be thrown out of the league if they are still in administration by June
by wolsey » 05 Feb 2013 13:13
by TFF » 05 Feb 2013 14:21
by PieEater » 05 Feb 2013 15:15
why has the club been running at a loss month to month whilst in administration? The HNWI began subbing the running costs at the end of October 2012, when the Trust became the preferred bidder of the club, after the previous preferred bidders Portpin failed to satisfy the Football League’s questions and were deemed ‘unlikely’ to pass the Owners and Directors’ Test.
Since then the HNWI have put £800,000 into the club over four months, indicating an overspend of about £200,000 per month.
by Barry the bird boggler » 05 Feb 2013 16:04
by Rax » 06 Feb 2013 23:45
by Wimb » 07 Feb 2013 05:19
wolsey http://portus-eg.blogspot.co.uk/
A long read, but interesting. (probably of most interest to the Bean Counters amongst us)
Summary - Chanrai finding various and novel ways of screwing Portsmouth even more than was thought by most (according to a PFC fan's blog)
by Royal With Cheese » 07 Feb 2013 18:23
by Ian Royal » 07 Feb 2013 18:24
by SPARTA » 07 Feb 2013 18:52
by Royal Monk » 07 Feb 2013 20:07
Fooball League Statment
At its meeting in London earlier today, the Board of The Football League was appraised of the current situation regarding the administration of Portsmouth Football Club in light of media reports that the Administrator, PKF, is considering a new offer for the Club.
The League had previously been informed by PKF that its preferred bid for the Club was from the Pompey Supporters Trust (PST) and all parties have been focussed on a successful transfer of share to that consortium.
Given that The Football League's Insolvency Policy prohibits a club from beginning two consecutive seasons in administration, the Board took the view that any change of preferred bidder at such a late stage would only create further uncertainty and was not in the wider interests of The League and its member clubs.
by Badger Finger » 07 Feb 2013 20:12
by SPARTA » 07 Feb 2013 20:14
by Terminal Boardom » 08 Feb 2013 02:54
by Geekins » 08 Feb 2013 10:08
by Barry the bird boggler » 08 Feb 2013 10:41
by Wimb » 08 Feb 2013 11:20
by floyd__streete » 08 Feb 2013 12:41
by PieEater » 08 Feb 2013 12:49
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