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Winding-up petition STAYS in place

Winding-up petition STAYS in place

The application to have the winding-up petition handed to Pompey blocked has been REJECTED by the high court...

I received a text shortly after 1 (then several phone calls hence the 'slight delay' on getting anything up) saying it was the case then looked at The News site to see them saying: 'Pompey's attempt to block a winding up order in the High Court has failed.'

A spokesperson for the Judicial Communications Office is quoted on sky sports as saying: 'At the High Court today Mr Justice Newey dismissed an application from Portsmouth City (sic) Football Club Limited for a winding up petition to be struck out.

'A further hearing to consider HMRC's winding up petition will take place in due course.'

The fact that this ruling was taking so long was something that was being clung to as a possible 'positive thing,' although that has not proven the case and this will now go to court next month as planned.

Being rejected is not really that much of a 'surprise' is it though really?

Further player departures are surely a NAILED ON certainty now as we need to raise money and fighting this embargo any longer is also 'pointless,' right...


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Date:Tuesday January 19 2010
Time: 1:43PM


Administration by the end of the week, or even today perhaps, after the Premier League meeting this afternoon?
19/01/2010 13:47:00
administration mite be the best thing to happen now .... rather than ten points deducted next year..
19/01/2010 13:50:00
i would imagine that we would not enter admin before this further court date - and even then would only go into it if forced into it, altho you have to say this is looking more and more likely now...
forget fighting for this embargo to be lifted now, there is absolutely no chance of this happening, i would fight more for special dispensation to 'at least' extend o'hara's loan tho as that was agreed prior to the embargo being put in place. even then, is that even worth it?
19/01/2010 13:51:00
admin is the 'easy' way out but think of the knock-on affects to so many others, including countless local businesses that would probably go BUST as a result!
19/01/2010 13:52:00
7and a half million too much vat equates to 42m gross sales. What was the argument . Sales abroad? If so Diarra was not that high. And whatever is related to it must have been ages ago. Won't be much left in the Piggy after this.
19/01/2010 13:54:00
I am an optimist at the best of times, but 'nail' and 'coffin' come to mind. If the PL are withholding £2m, and this was a fight over a £7.5m discrepancy, then the club are potentially £9.5m worse off than if both appeals had come through in their favour. For a business that doesn't have the working capital to raise £1.8m for wages, this is disastrous. The West Ham takeover press conference was a real eye opener. West Ham are in a lot of trouble, but the new owners came straight out and explained the situation to the fans, and it was quite refreshing to see a bit of honesty, despite the bad news. David Sullivan also teased the press with the announcement that he would be very surprised if a PL club that will remain nameless wasn't bankrupt by the end of the season because his understanding of the figures made the debt out to be larger than the value of the club... Did anybody else get that sinking feeling that people in football are probably a bit more in the know than we are?
19/01/2010 14:00:00
if we i dont go into admin soon its -10pts next year in the cc league. feel like we are just dragging out the inevitable
Super Bock 1898
19/01/2010 14:05:00
Chorus - I heard an half hour interview with Sullivan on Talk Sport this morning and (although he was a little emotional) h was open frank and honest with the press and the fans... yet some still rang in to complain that he'll take them in the wrong direction ...Back to Pompey .. I've a feeling that we are now sinking and that firesale that wasn't gonna happen just might.... and the buyers are come looking for a bargain .. forget Kaboul for £14m .. you watch us take £7 or £8 now.. It might be crazy but I don't think we'll have a choice..
19/01/2010 14:08:00
It was fun while it lasted. I would like to pass on my thanks to all the players & staff who have made the last few seasons so memorable. Deep down it was always going to end in tears whilst we had such a small ground & no training facilities.
19/01/2010 14:14:00
Administration has to beckon, get your £1 ready and we could own a football club between us!
19/01/2010 14:19:00
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