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



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

Stats: Pompey v Bristol Rovers

All the stats from Pompey (3) vs (1) Bristol Rovers, Fratton Park, 13/02/16 Att: 17,808

Fratton team sheets - Pompey v Bristol Rovers

Pompey are at Fratton with Bristol Rovers the visitors for our league two match. This is a 3pm kick-off, as was intended by the football gods when the beautiful game was invented!

On this day in history...13th February

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 13th February.

Big Ben returns!

There's no doubting how important Davies is to us, we most definitely missed the former Sheffield United man against Orient but Cook's confirmed he'll start against Bristol Rovers.

Archived Vital Pompey Articles

Vital Pompey articles from

Site Journalists

pompeyrug
Profile
eastneydave
Profile
paultsmouth
Profile
Chix
Profile

Current Poll (see more polls)

Bristol Rovers MotM
Suggested By:
Fulton2%
Davies28%
Burgess0%
Webster0%
Stevens0%
Doyle0%
Close0%
Roberts0%
Evans42%
Bennett14%
Smith14%
Sub-McGurk0%
Sub-McNulty0%
Sub-Chaplin0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Northampton 29 20 4 5 64 24
2 Plymouth 30 18 5 7 59 20
3 Oxford 29 15 10 4 55 21
4 Wycombe 30 14 7 9 49 7
5 Portsmouth 29 12 12 5 48 22
6 Accrington 27 14 6 7 48 15
7 Mansfield 32 13 9 10 48 6
8 Bristol Rovers 30 14 5 11 47 8
9 Leyton Orient 31 12 10 9 46 1
10 Wimbledon 29 12 9 8 45 10
11 Cambridge 31 12 8 11 44 1
12 Carlisle 27 11 9 7 42 4
13 Exeter 29 11 7 11 40 -2
14 Luton 31 10 8 13 38 -2
15 Crawley 31 11 4 16 37 -16
16 Morecambe 31 10 6 15 36 -5
17 Barnet 29 10 6 13 36 -6
18 Notts County 28 10 6 12 36 -7
19 Stevenage 32 8 10 14 34 -12
20 Newport 29 7 9 13 30 -10
21 Hartlepool 27 8 3 16 27 -18
22 Yeovil 30 5 9 16 24 -15
23 York 29 5 8 16 23 -22
24 Dag & Red 30 4 8 18 20 -24
Latest F1 News
Latest Vital Boxing News

Portsmouth Fixtures (view all)

Feb 13 2016 3:00PM : Bristol Rovers (H)
Sky Bet League Two
Feb 20 2016 3:00PM : Yeovil Town (a)
Sky Bet League Two
Feb 23 2016 7:45PM : Barnet (a)
Sky Bet League Two
Feb 27 2016 3:00PM : Cambridge United (H)
Sky Bet League Two
Mar 1 2016 7:45PM : Exeter City (a)
Sky Bet League Two
Mar 5 2016 3:00PM : Stevenage (a)
Sky Bet League Two

Recent Portsmouth Results (view all)

Vital Members League Table

RankNamePoints
1.pompeyrug62
2.Jimsmithswig25
3.Pompeytim22
4.storagematt20
5.FrattonBlue17
6.Copnor4314
7.mslorna489
8.Emsworthianblue7
9.cornypomp4
10.PFCblue4