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Writer: pompeyrug 
Date:Tuesday August 3 2010
Time: 9:45AM
UK time is: 17:22:11
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Today (or tomorrow) is the day?
I am not going to say that we are at 'Judgement Day', as we seem to have had more judgement days than I have hot dinners in recent years!
So, we will just leave it at 'today (or tomorrow) is the day'...
As we all know the HMRC appeal against the CVA approval will be heard today at the high court, we are in session at 10.30am I believe.
It is 'thought' that the outcome of this appeal, be it in Pompey's or the taxman's favour, will 'probably' not be known until tomorrow - so we 'look' as though we will face another anxious 24-hours or so...
Although a 24-hours that will pretty much determine if we are at 'make' or 'breaking' point as a club - clearly you do not need me to spell out the consequences of a successful appeal from HMRC, although should this appeal fail, whilst Pompey will be FAR from out of the wood we will take a seriously positive step in the right direction to salvation, finally!
So, all that remains for us to do is 'keep our fingers crossed', 'touch wood' and all that for the next 24-hours, or so...
PLAY UP POMPEY!
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Your Comments
This is it; I will have every media outlet turned on. I just want a positive determination at the end of this.
russellm
there a live update on the New's website if anyone's interested
pompeym@
The court has been adjourned while the judge reads new evidence presented at the last minute by HRMC, and is expected to be reconvened (is that the right word?) later today. I wonder what this new evidence is? crikey!
tracyc
Just a case of sitting and waiting then!!!...Nothing happening on the live feed until Justice Mann has read the papers and had a nice lunch!!
eastneydave
ben-haim gone to WH! thats a good thing I guess. Im not sure what to make of courts - Ive only ever been to two court hearings (watching, not participating =p) but going against the tax man is going in hard core. lets hope the result is what we really need and if it isnt we crack on, thats the only thing we can do!
pompey--pessimist
well all HMRC have said in their opening statement is, its unfair we don't get money please punish the big boys of football for us... seriously this whole case is about the football creditors rule, it has nothing to do with our CVA at the moment and so it should be thrown out with HMRC punished for wasting the courts time!
pompeym@
judgement on thursday!!!! omg... cutting it finer for start of the season! m@ i agree with you. i feel though the power the HMRC putting on the judge could be influential in his decision!
pompey--pessimist
Just dig a hole and hide for 48 hours is all we can do now!! Gonna be a L...O...N...G wait methinks.
eastneydave
wow so much case law. i think HMRC are right to challenge this if they want to get a precedent set for the law on tax for football club businesses. as we probably represent the best case (worst offenders). However, at this stage I would say the judge will be against HMRC. a long time to go though!
pompey--pessimist
It sounds like the former owners/chief exec have stuffed us up good and proper by trying to cheat the taxman in "clever" ways for years. And its us who will suffer for it! Thanks Mr Gaydamak, do you want to know where you can stuff your carpark!?
tracyc
Well the Premier League changing their fit and proper test should count as a small win for the Inland Revenue, hopefully they will see this as enough.
nodster
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