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Decision made - case adjourned!

Decision made - case adjourned!

After rejecting another cash offer earlier in the day the court has eventually made its decision on what Pompey's future will be, and this court has decided...

The decision has been to adjourn the case and grant us a 7-day stay of execution, so we now have this time to find the money we owe.

We need to issue a 'statement of affairs' to prove that we CAN provide what is needed, to counter the insolvency claims from HMRC, who also claim that we owe £11.5m!

So, 'if' there is any saviour waiting in the wings - and sky sports news have claimed that PFC have said we have TWO serious offers on the table to buy the club AND pay off our debts - then they MUST move quickly and sort this out - failing that Balram Chainrai MUST put his hand in his pocket and settle this deal or he WILL lose the vast majority, if not all, of what he has already put in.

This has been a horrible, horrible thing to go through and I can say - as many of us have all along - I would not wish this on ANYONE.

I guess we NOW have to go through this all again next week? Well, not next week, it will be next Friday - 19th.

PLAY UP POMPEY!


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Writer:pompeyrug
Date:Wednesday February 10 2010
Time: 1:07PM

Comments

0
Only 7 days Adjounment -pray that the potential buyers are serious but that probably isn't long enough
yellowcheesemonkey
10/02/2010 13:10:00
0
Don't know monkey, seven days seems to be a long time in the business of football. If the offers are actually on the table, then maybe something can be done soon.
gandor1
10/02/2010 13:18:00
0
Death by a thousand cuts.
ninjatim
10/02/2010 13:21:00
0
I just can't wait for next Friday .. think I'll those knitting needles back up my nose, put my boxer shorts on over my trousers and put my head back in that bucket for a day or two..
chix
10/02/2010 13:21:00
0
Court have just said that we have got a week to draw up a statement of its financial affairs... How about this "Our financial affairs are a mess".. who needs nine days !
chix
10/02/2010 13:23:00
0
How do you all feel about Harry Redknapp in all of this? Do you think he has blood on his hands so to speak?
Stig
10/02/2010 13:32:00
0
Lets hope these two serious investors are SERIOUS and that they are not dreams Mr Storrie has been having recently!
bluedr
10/02/2010 13:35:00
0
The chaiman just did what he asked him to do, as soon as he knows theres no money he leaves. Spurs will be next if funds run low. This is why Avram Grant has to be commended for the job he's doing at the moment because I bet he's not being paid for it, plus he really knows what 'Bare Bones' means!
moley2
10/02/2010 13:35:00
0
Stig. Not sure we blame HR. He spent what he was allowed. When he wasn't allowed he left. Problem is we didn't the taxman. Now we have a stay of execution, which means the axe will chop our head off unless we can sort it. Last throw of the dice.
storagematt
10/02/2010 13:38:00
0
In reality the 7 days is to allow the club further negotiation time with HMRC
russellm
10/02/2010 13:49:00
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