Vital Football

Stay of execution?

Stay of execution?

A number of 'reports' are beginning to surface that say Pompey 'might' have managed a stay of execution from the immediate threat of being 'wound-up' this week, with this threat starting to ease a little, as are the possibilities of Pompey becoming the first premier league club forced into administration?

The BBC - which is the source for many of these quotes that will follow - which to be fair is one of those that are 'usually' more accurate says: 'Portsmouth say they are close to reaching an agreement to avoid being wound up in the High Court.

'The club's lawyers have been in talks with Her Majesty's Revenue & Customs over a deal which they hope will lead to Wednesday's action being dropped.'

Should the winding up hearing go ahead as scheduled God only knows what would happen but 'apparently' this deal has been arranged that would see a large amount paid off now with agreements already reached with creditors.

It was also said: 'An agreement has already been reached with the creditors other than HMRC who have been named in the case, which relates to a reported £7.5m VAT bill.

'If a compromise is reached, it is likely that a substantial part of the money due to HMRC will be paid, with the rest of the debt re-scheduled, thereby avoiding Pompey becoming the first top-flight club going into administration.'

As said The BBC is one of the more 'reliable' media sources out there, although until something more 'official' comes along we will have to continue to keep hoping for the best and keep our fingers crossed...

Lets hope that Tuesday can bring us some decent news before the evening does with the 3pts that we WILL collect from Sunderland!

PLAY UP POMPEY!


Bookmark and Share


Join the Vital Pompey Debate

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



Click here to join in the debate on the club forum.

Writer:pompeyrug
Date:Monday February 8 2010
Time: 11:20PM

Comments

0
A start to good news week?
PFCblue
08/02/2010 23:44:00
0
lets hope so eh blue! just imagine how much of a boost it will be to everyone if we get some positive news confirmed officially, and by HMRC, before the sunderland game! some good 'off-the-field' news could make a hell of alot of difference to our season, and of course our future...
pompeyrug
08/02/2010 23:54:00
0
so this latest Arab guy to be linked - he is the real McCoy ! so it probably wont happen lol !
southportpompey
08/02/2010 23:58:00
0
Match postponed pools forcast Chanrai 1 - HMRC 1.
russellm
09/02/2010 07:35:00
0
Although looking back at info from the same source Pompey must have had some sort of case as the figure dropped from £11m down to £7.4m.
russellm
09/02/2010 07:38:00
0
russellm, I have seen a link saying that Pompey have already paid £4m, leaving the balance of £7.4m. Just hope now the lads can do the business on field and hope the background team can sort the money side out. Can't imagine Chanrai will lose everything over the tax payment even if he has to stomp up the full amount. Hopefully if a deal has been struck a smaller amount will be paid now and the rest deferred till the end of season, by which time hopefully we will have our 5th new owner.
blarmy
09/02/2010 09:59:00
0
The debt has been reduced to 5.8m now and the HMRC wants this afternoons talks to remain confidential. So we will hear nothing until the debt has been cleared/payments rescheduled or, heaven forbid, a winding up order has been enforced.
peter026
09/02/2010 11:46:00
Page 1/1
  1. 1

Login to post a comment

Recent Portsmouth Articles

Match highlights - Hartlepool 0-2 Pompey

The slim chances of a top 3 finish ended, despite a win at Hartlepool. Wins for Accrington, Oxford and Bristol Rovers meant Pompey cannot finish higher than our current 5th place.

On this day in history...2nd May

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 2nd May.

On this day in history...1st May

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 1st May.

Sunday Chimes #77 - It will be Plymouth in playoff

Three more points but automatic promotion hope dashed, players join the fans, book review and meet the butcher..

Archived Vital Pompey Articles

Vital Pompey articles from

Site Journalists

pompeyrug
Editor email
Profile
eastneydave
Editor email
Profile
paultsmouth
no email
Profile
Chix
no email
Profile

Current Poll (see more polls)

Hartlepool MotM
Suggested By: Site Staff
Murphy68%
Stevens0%
Burgess11%
Barton0%
Freeman0%
Doyle0%
Hollands0%
Naismith11%
Roberts5%
Evans0%
Smith5%
Sub - McGurk0%
Sub - Chaplin0%
Sub - Whatmough0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Northampton 45 28 12 5 96 35
2 Accrington 45 24 12 9 84 26
3 Oxford 45 23 14 8 83 40
4 Bristol Rovers 45 25 7 13 82 30
5 Portsmouth 45 21 15 9 78 32
6 Plymouth 45 23 9 13 78 21
7 Wimbledon 45 20 12 13 72 13
8 Cambridge 45 18 13 14 67 11
9 Leyton Orient 45 18 12 15 66 -2
10 Wycombe 45 17 13 15 64 4
11 Exeter 45 17 13 15 64 1
12 Carlisle 45 16 16 13 64 0
13 Mansfield 45 17 12 16 63 8
14 Luton 45 18 9 18 63 -1
15 Barnet 45 16 11 18 59 -4
16 Hartlepool 45 15 6 24 51 -18
17 Notts County 45 14 9 22 51 -24
18 Yeovil 45 11 15 19 48 -15
19 Stevenage 45 11 14 20 47 -15
20 Crawley 45 13 8 24 47 -30
21 Morecambe 45 12 9 24 45 -22
22 Newport 45 10 13 22 43 -20
R Dag & Red 45 8 10 27 34 -34
R York 45 7 12 26 33 -36
Latest F1 News
Latest Vital Boxing News

Recent Portsmouth Results (view all)

Portsmouth Fixtures (view all)

May 7 2016 3:00PM : Northampton Town (H)
Sky Bet League Two

Vital Members League Table

RankNamePoints
1.FrattonBlue2
2.eastneydave2
3.Copnor432
4.mslorna481
5.Emsworthianblue1