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Time for the transfer ban to end?

Today 'could' be the day that Pompey's transfer embargo is lifted?

At least this is what Ahmed Al Faraj, the brother of owner Ali Al Faraj, believes should happen today after he, along with lawyer Maurice Watkins and Yoram Yossifoff, meets with premier chairman Dave Richards and chief exec Richard Scudamore.

Ahmed Al Faraj, ironically after all the business with The Sun last summer, was speaking to them to say that he feels that in the 'fairness of an even playing field' this embargo should be lifted as there is 'no argument' for this to remain in place: 'this ban must be lifted now. There is no argument for it to go on.

'With the TV money coming in we will have paid all our debts to other clubs and it is vital that Portsmouth are allowed to compete on a level playing field with everyone else.

'We need new players in and if we can get the ones our manager wants, we are confident we will stay in the Premier League.

'A lot of money is being put into this club to turn things around. We are probably one of the only clubs in the world which doesn't owe a penny to any bank.'

We might not owe to a bank but we owe to various others... Anyway, he 'claims' that after this 7m from the latest TV money comes through, after paying off what we have to we will have a 'surplus' so this is his basis for the embargo being lifted?

He also again contested this VAT bill that we have: 'we do not accept we owe the revenue anything and will be asking for the winding- up order to be set aside while we contest it.'

As for this issue, as I have NO idea of what is true or false I could not comment, so I will not!

So, today 'could' be an interesting day for Pompey, we 'might' find our transfer embargo lifted, which would be a further move in the right direction, right?

Time will tell...

PLAY UP POMPEY!


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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Tuesday January 12 2010

Time: 10:00AM

Your Comments

And if it doesn't then this shower at the club go along with no further credibility and should resign!
bluedr
hurry up already !!!!! sort it out or get out..
pompeyhussler
Ah good, hopfuly they can sort it out!
PompeyFcMad
Ahmed does have a point. If we have paid our debts and have a small surplus and if we are in dispute with the VAT people, then the embargo should be e allow us an even paying field. If, however, the PL want rid of us - as so many believe on this site, could this be their chance to get rid of us?
gandor1
"the embargo should be lifted to allow us an even playing field". Sorry!
gandor1
Build us up to knock us down I'm afriad
FootyFans
If the debts are paid then they can't punish us for something we haven't done yet, ie. getting in more debt and not being able to pay again. If that happened then how can Man U be in 800 million worth of debt and be allowed to continue as well as a number of other teams. Surely we are the first of many teams this is going to happen to, although it wouldn't suprise me if nothing was said to other teams about there debts. Lets hope this is sorted soon. Play Up Pompey!
moley2
Who is building who up Footyfans ? and who is knocking who down.. ? They are gonna to meet with the Premier League to try and get the ban lifted.. Isn't that what everybody wants ?.. If they fail look at the reasons for failure and make a judgment but how you can condemn then before the meeting is beyond me
Chix
Why do Pompey get all this crap, when we have 0 debt to any banks where as ALL other temas do. We are NOT the only one owing Tax Peeps. We owe 1/10th of some teams i.e. Man Utd, and West Ham walk on water in FA eyes, and get away with paying their fines, their debts, dodge a 10 point deduction over tevez, escape relegation illegily, and now have their debts sheved till Augist 2010??? makes me mad.
Midge
Chix I agree with you, I'm not sure what Bluedr's point is. Surely it must be what we want the owners to do, meet the premiere league people and state a case; this action should be applauded. What worries me is whilst our problems are public I think there is a strong whiff of double standards being practises by the PL now; I suspect they would be delighted if Pompey were relegated; not entirely without reason if you look at their point if view. The club has been wrapped up in corruption, agent, owners and tax controversy since we were promoted.
russellm
A case in point to those who delight in knocking the current regime, sky have today had it confirmed that Milan will face tax evasion charges for his time at Portsmouth
russellm
Chix/Russell M, I'm merely staking my view that I doubt the ban will be lifted as I think the PL have an agenda and will force Pompey out of the league. At the moment we are not good for the PL image and this has been caused by the current ownership, however the PL have a lot to answer for as they have fallen foul with the Fit and Proper tests.
bluedr
Isn't today the day that Harry is in court? Or is that tomorrow?
hammersmithblue
Still no news on today's meeting? If they have had a meeting with the PL, I hope that they put something on the OS. Strange how these things seem to happen on match days?
wellyit
The ruling is going to be announced tomorrow.
PFCblue
The ruling is going to be announced tomorrow.
PFCblue
Sorry folks but my view, for what it's worth, is that if the embargo is lifted it's just a short-term respite and, until we clear ALL debt, will just harden the resolve of other creditors to have us wound up. HMRC would surely see us as taking the pis5. The fact is, PFC may be contesting the VAT bill but there's also the case of unpaid employer's NI contributions that are overdue to HMRC. The thing is, if I or any you who run a business, behaved in this way, we'd be put out of business or even banged up. We need to clear ALL debt, work with what we've got, in whichever league, and move on.
ninjatim
I think it depends on the court case that started today with HMRC as well. Surely it makes sense, if the league have to confiscate the TV money to pay our debts for us, that they ensure we have the means to pay if we want to take on any more players - and I'm not sure we do - otherwise they're just letting us do it again, and thats not fair on the other clubs. It's like a parent taking their child's wages to pay off their ridiculous credit card bill without cutting up the card. We should give the current regime a chance to sort this out - they have told us they are trying to, and they inherited this mess.
tracyc
I feel the Prem want to use us an example & will find a reason not to lift the ban.
storagematt
The ban cannot be lifted you owe other clubs 10m and you are getting 7m for TV rights, there is no surplus you need to stump up another 3m and they have already sent O'Hara back to Spurs. Where is the 3m coming from? Along with the GUARANTEE that none of this will happen again. Sell Kaboul and you might have a chance.
TergeHauge
As for owing nothing to banks, where have these short term loans come from to pay the players on now three occasions. You owe cash to someone.
TergeHauge
We owe money fullstop!!!! Jacobs couldn't even guarantee on inside out that the wages will be paid this month! This Club lives on fantasy Island not Portsea Island!
pentonpompey
 

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