Date:Monday March 1 2010
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!
Date:Monday March 1 2010
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