Portsmouth Win Court Case

Carry on losing millions then ?

Seems fair.  All the small creditors get 20% of what they are owed whilst millionaire footballers get 100%.

Suppose they'll just carry on paying players wages into off shore accounts and then claiming it was image rights.  On balance, probably more sport to be had watching them get relegated.

Why on earth would anyone want to supply them with programmes, coaches for away travel, stuff to sell in their shop, food etc etc Surprised the old bill (presume they're a credotor) don't refuse to supply policing for home games, thus ensuring they don't get a safety certificate and can't play home games.

sfc1976 Joined: 19 Sep 05
Replies: 1067 05 Aug 10 16:10   


Suppose they'll just carry on paying players wages into off shore accounts and then claiming it was image rights.  On balance, probably more sport to be had watching them get relegated. 




There should be a lot of clubs are are GLAD Portsmouth won this case because nearley all the clubs pay bonus payments to players and apperance money and most pay it to off shore banks to miss out on paying tax.

If Portsmouth had lost this case it would have opened the floodgates on all the other clubs.

Then all you so called football fans of other clubs would have said it was unfair.

anyone know what this means for the transfer embargo on them? signing/selling of players etc? ta

will get lifted

Willie Mckay will be pleased[;)]

"Oh hello, it's Portsmouth here, we've just had the transfer embargo lifted and would like to buy player X. We'll give you ten grand now and the rest by the end of August. Honest".

point taken but they werent even allowed freebies under that embargo were they?

yes thet was because they was given permission to get up to 3 players even through they had the embargo on them

Huckerson Joined: 17 Nov 03
Replies: 785 05 Aug 10 16:22   

GET A - - - - - - - life


FILL IN THE GAPS

According to Steve Cotterill at the start of the week,Portsmouth can just about field 11 players at Coventry this Saturday.

hmrc will not appeal

they know

I'll ttt a comment from another thread about Portsmouth this morning, which will show you I have nothing against Portsmouth.

Why on earth is there general rejoicing in the sports media so far about this outcome?

It's only a couple of months or so that this football club was reported to be 138 million quid in debt, and they owed any number of businesses money, some of which are too small to be having bad  debtors.

There was no sensible explanation for the 138 million quid other than financial incompetence or something much more sinister.

Why on earth did they carry on trading when they knew they could not pay the bill?

pompey have about 14 seniors and then the kids, theyve still an ok starting XI imo, for the championship, but Utaka and Boateng want out by the looks of things and obviously the lack of goalkeepers is a major issue

A company I deal with was owed £17,000 by them and subsequently went bust, hence my comment about supplying them.

what company was that then ????????????????????????

Delighted for the supporters of Portsmouth.  Those responsible however should be disqualified from running a business sine die.

HMRC will appeal. The Football Payments rules whereby players & clubs get 100% and other creditors only a percentage of the remainder is madness and can't really be legal.

Unbelievable that Pompey won really.

Company on the Fratton Industrial Estate, Rodney Road.

cgull Joined: 15 Sep 02
Replies: 2371 05 Aug 10 16:35   


Delighted for the supporters of Portsmouth.  Those responsible however should be disqualified from running a business sine die.




This is a great post thank you from all PORTSMOUTH FANS

We all want the same as the post get the people who took us down this road and ban them from football for life

great news for pompey yes all embargos will be lifted now 3.3 for pompey be relgated seems somewhjat short we aint going to win the league but we got more than enough left to hold our own

Huckerson good point about the police and the safety licence.

You read my comment at 11.23 on the other thread?

WHAT WAS THE COMPANY NAME

I will check it out since my wife works for PFC

I saw it Huck.  Response to a Saints fan about seeing your rivals go to the wall?  Petty Officer needs to take a look.

Good news.

Don't want to see any club go under.

Huckerson - they have my every sympathy, not that it will change anything.

Try as I might, I can't see ANY difference between this case, and that of an enterprise that (e.g.) buys a huge volume of attractive items from a big supplier, has no intention of paying for them, but flogs them off the back of a lorry for pure profit.

If Ronald and Reginald were alive and free today they would be directors of football clubs.

HMRC will not be appealing

Indeed cgull, I think the stress of the afternoon got to PO, hence his somewhat over reaction to an innocuous little observation. PO, not that it really maters to prove a point, anyone could get hold of the creditors list, but they were called Instep, trading under the name Hargreaves Lansdown.

Off home now to have a beer and watch how my cheeky couple of quid on Liverpool 4-0 fares. Good luck all.