by Royal Rother » 31 Jan 2010 10:41
by exileinleeds » 31 Jan 2010 11:49
by Dirk Gently » 31 Jan 2010 12:19
by Russell Street » 31 Jan 2010 13:13
by Baines » 31 Jan 2010 18:48
Barry the bird boggler Isn't it an offence to knowingly trrade whilst insolvent?
by Dirk Gently » 31 Jan 2010 19:41
by Baines » 31 Jan 2010 21:24
by Pseud O'Nym » 31 Jan 2010 21:44
by Dirk Gently » 31 Jan 2010 23:24
Pseud O'Nym Can anyone enlighten me as to whether the HMRC cases against Redknapp and Mandaric are criminal or civil matters? The press reports are a tad confusing.
by Nick Shorey my Lord! » 01 Feb 2010 08:58
Dirk Gently As an aside, the bloke who bought the company name of Pompey's former trading company, Portsmouth Football Club Limited, off-the-shelf and "for a bit of fun" is now being hassled by creiditors who reckon he owes "several hundred thousand pounds".
http://www.guardian.co.uk/football/2010/jan/31/portsmouth-fan-told-pay-club-debts
by Barry the bird boggler » 01 Feb 2010 09:31
by Comfortably Numb » 01 Feb 2010 09:45
Nick Shorey my Lord!Dirk Gently As an aside, the bloke who bought the company name of Pompey's former trading company, Portsmouth Football Club Limited, off-the-shelf and "for a bit of fun" is now being hassled by creiditors who reckon he owes "several hundred thousand pounds".
http://www.guardian.co.uk/football/2010/jan/31/portsmouth-fan-told-pay-club-debts
This is crazy. That club is absolutely fcuked.
by TBM » 01 Feb 2010 10:29
by Skyline » 02 Feb 2010 07:39
by Stranded » 02 Feb 2010 09:29
Skyline I wonder how much of the financial malaise affecting football in this country is down to the fact we have so many professional football clubs. Even if you only include 1/3 of the Conference (and that's probably an underestimate) there are 100 professional clubs in this country. IIRC, in other European countries those clubs below the second tier tend to be run on a semi-pro basis at best, with the attendant reduction in wages and other costs.
Would be interesting to see numbers for other European leagues, to see how the English league stacks up.
by Rev Algenon Stickleback H » 02 Feb 2010 18:43
Skyline I wonder how much of the financial malaise affecting football in this country is down to the fact we have so many professional football clubs.
by TFF » 02 Feb 2010 20:33
The Premier League has confirmed it will hold on to more than £2million from Portsmouth's January transfer revenue to cover debts.
The body has taken the step so that Chelsea and Watford will both receive cash owed to them by the financially-stricken club from the transfers of Glen Johnson and Tommy Smith respectively.
Portsmouth earned £8million from selling defender Younes Kaboul and keeper Asmir Begovic and, once the players' wages have also been covered, the £4million remainder could prove an important lifeline.
The club will use a chunk of the cash to try to persuade HM Revenue and Customs to reschedule the payments on the £7.5million owed in VAT.
However, another creditor has also joined in with HMRC's winding-up petition to the High Court on Wednesday next week.
Grosvenor Basingstoke Properties are claiming they are owed money by Portsmouth though that is being disputed by the club.
Separate dispute
Meanwhile, Portsmouth are also involved in a separate dispute with former owner Sacha Gaydamak over whether they have missed a deadline in paying a £9million chunk of the £28million they owe to him.
It is unlikely however that Gaydamak will take any action to push the club towards administration because that would not be in his best interests in terms of reclaiming his debt.
Portsmouth say they expect to pay the players' wages for January "in the next day or two".
The latest move by the Premier League comes after it also handed over television revenue payments to Pompey's creditor clubs last month.
by PieEater » 03 Feb 2010 08:56
That Friday Feeling Portsmouth earned £8million from selling defender Younes Kaboul and keeper Asmir Begovic and, once the players' wages have also been covered, the £4million remainder could prove an important lifeline.
by TFF » 03 Feb 2010 09:06
PieEaterThat Friday Feeling Portsmouth earned £8million from selling defender Younes Kaboul and keeper Asmir Begovic and, once the players' wages have also been covered, the £4million remainder could prove an important lifeline.
Shurely that's not £4m for a months wages!
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