Vital Football

High ho, high ho its off to court we got...

High ho, high ho its off to court we got...

The high court is rapidly replacing Wembley as our 'second home' as we return to this on Tuesday because 'HMRC is contesting our voluntary administration.'

This return, at 10.30am, has been confirmed by Admin Andy - who has also today confirmed that we are contesting our points deduction, and will be meeting the premier league tomorrow too...he will be a busy man!

Revenue are, according to sky sports, 'said to be furious that the Premier League's rock-bottom side managed to avoid Monday's winding-up order for a £7million unpaid tax bill by entering administration on Friday.'

A feeling going around is that HMRC basically 'f****d up' so they 'should not' really have much ground to stand on and a winding up order against us will not be granted...

Feeling is that they felt they would get 'priority' or 'preferential creditor' ability, although our decision to go into Administration, as opposed to challenging them and 'risking' being done and liquidated - as we almost certainly would have done today had we strolled into court bold as brass - has left it possible that they will get little, if anything at all due to this, hence the 'hard line stance' they are now taking.

Although what I would say is I think they 'probably' will take a tough stance down the line so the chances of a points penalty next season as well would have increased, then again if they are not a priority in the list of people that need to agree to the CVA or this happens - and they are not owed 25% of the debt which entitled them to object this CVA - then can they take a hard line?

Then again this is Pompey we are talking about so anything is possible!

They will have our card well and truly marked though, that much is for sure...

For now I will leave it to the experts, as I clearly am not one or I would not be writing this now would I!

PLAY UP POMPEY!


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Writer:pompeyrug
Date:Monday March 1 2010
Time: 6:05PM

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Comments

0
Just when you thought this had gone away it rears its ugly head again! Still the noises I'm hearing are that it 'should' all be OK - fingers crossed then!
tracyc
01/03/2010 18:09:00
0
Bunch of aerosols...they were only 'following the rules' in trying to shut us down and break the herts of thousands, we were only 'following the rules' when we went into admin. Toughski sheetski.
Tantona
01/03/2010 18:25:00
0
I meant 'hearts' obviously lol
Tantona
01/03/2010 18:26:00
0
as said i am no expert but not sure how much ground HMRC has here. 'if', as is thought, they do not even have the power to 'object' to the CVA then that proves how much, well little, really they will now get from us due to our administration - hence the challenge?

either way, we will find out tomorrow - strangly, i am not relaxed entirely in my 'confidence we will be ok' (hope this fairly confident stand is not misguided) but is some ways i am very relaxed - not sure if this is good or bad - in my 'whatever will be will be attitude!' i care, of course i do but i think i am so fed up with it all i just want what is going to happen to happen now...
pompeyrug
01/03/2010 18:27:00
0
HMRC trying to save face or force some sort of payout out of the Administrator. They had a chance of a deal and screwed it up; so now they wasting public money. I know it's our tax money but I hope they get stuffed.
russellm
01/03/2010 18:37:00
0
i suspect we will escape this one but if we ***** with the taxman again there will be no more lifelines...
pompeyrug
01/03/2010 18:41:00
0
...and people were saying wembley was our second home...
pompeycarpet
01/03/2010 18:46:00
0
If they got the wretched money out of us...you can bet your boots the government would only go and give it to some odd-ball pressure group like 'Social Awareness for Dead Penguins' or something.....cynical or what.
cornypomp
01/03/2010 18:55:00
0
I have no idea whether HMRC have an arguable case as I don't know the rules. However, the Telegraph report says: "HMRC is expected to argue that Portsmouth owner Balram Chainrai did not have the power to tip the club into administration, a move that has left him as a preferred creditor who may recoup much of the £17million-£20million he lent the club." This is probably guesswork by the Telegraph, but it is plausible as I can well understand that HMRC would resent Chainrai being able to be both owner and creditor and escape relatively unscathed, while HMRC lose out. I am quite worried that the judge might have some sympathy with this view. Let's hope not.
erithacus rubecula
01/03/2010 19:07:00
0
You just couldn't sript this could you. No doubt they tackle tax exiles in the same why they want us dead. This is fdckin serious stuff here, they waqnt more than tyheir pound of flesh, they want to bleed us to death without any mercy. Cnts!!!
storagematt
01/03/2010 19:29:00
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