Vital Football

10-point deduction? A glimmer of hope?

10-point deduction? A glimmer of hope?
Just listened to Solent and on comes AA who is at the Emirates, Arsenal or Citeh going under?

He said its up to League if we get deducted 10 points but he said there are no grounds for this in his opinion as there are no footballing debts, CSI is a holding coy but to 7 other businesses, unlike Scum whose holding coy only had Scum FC and it was obvious they were trying to bend the rules.

He also said the debts are inter company and the loans with Antonov and CSI.

Club should be funded until February on cashflow, but £2m is due to Portpin in April and another accountant also interviewed said this would be the first sign as to problems.

A glimmer of hope?

Written by Jimsmithswig and initially posted in the forum - click here.

The views within this article are the views of the individual who wrote and submitted this piece, sometimes solely theirs. They are not necessarily shared by the Vital Pompey Site Journalists.

Click here to make your prediction: Pompey v Coventry.

Join the Vital Pompey Debate

Vital Pompey on: facebook Vital Pompey on: twitter

Join the Vital Pompey Forum Debate

Frippy's Virtual Bookies - here.

Writer:Jimsmithswig
Date:Tuesday November 29 2011
Time: 8:05PM

Comments

0
Rug, Jim, this is as I've maintained Pompey is a seperate ltd co and a going concern. The law is quite clear that you should not liquidate the assets of a going concern indeed Chan would be in a strong position to force recovery from non going concerns and cause them to be used to support a going concern ie Pompey or the Sports agents. Chan won't be delighted to have the club back , well his wife won't , but hey we all have women trouble at some point as a Pompey fan. Chan will have a far easier time to divest himself of Pompey this time. I have been involved in Business Recovery within the development business I work and far more precarious situations have been rescued. Furthermore a going Admin Andy would probably argue that the FL - if it imposed - 10 point was causing a viable company to become non viable; this he might argue is a breach of law. AA has a good record for Pompey in the courts and against the footie authorities , he also has a knowledge of the club; perhapse I should be more concerned than I actually am.
Russellm
29/11/2011 20:26:00
0
Can't wait for Liquor n Poker's take on things :-0
Russellm
29/11/2011 20:27:00
0
Yes PFC can stand on it's own two feet if the supporters turn up in great numbers for home games.
PFCblue
29/11/2011 21:14:00
0
Prehapes it depends on if the league like us or not now then!
PompeyFcMad
29/11/2011 21:29:00
0
I see Bristol city just announced losses of 16m for the year on top of loses last year and year before
Pompeyhussler
29/11/2011 23:20:00
0
Saints got a 10 point deduction because other relegation threatened teams warned that they would sue if they didn't. Southampton Leasure holding owned morgage companies, property developement companies and radia staion and a loans company, which Rupert Lowe use to syphon money of into. They were systematically sold prior to SLH ltd going bust. Coventry are not likely to have a go because they will be in a similar possition soon enough and Bristol will be out of the mire soon. Keep one eye on Ipswich and Forest!
Jesus_02
30/11/2011 11:09:00
0
BTW. I have no time for pointís deductions, they are fundamentally unfair and counter productive. Unfair for the teams that Pompey have already played. Counter productive because football fans attend games with hope, if hope is gone then Pompey will be less able to become financially secure
Jesus_02
30/11/2011 11:14:00
Page 1/1
  1. 1

Login to post a comment

Recent Portsmouth Articles

Vital Pre-Match - League 2, 27th September

The 2016-17 season continues with the latest round of matches this midweek, which will see us among those having a match in this upcoming schedule with three-points the aim of course.

Tranmere loan for Tollitt

Ahead of the weekend win over Barnet, which probably wouldn't have been a game he was involved in anyway, Ben Tollitt was sent out on loan to Tranmere.

All deserve the plaudits for that performance

I think that's a fair assessment from Cook, some played a little better than others but Barnet was a very good team performance from Pompey even if it wasn't 'really' a 5-1 scoreline.

On this day in history...26th September

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 26th September.

Archived Vital Pompey Articles

Vital Pompey articles from

Site Journalists

pompeyrug
Editor email
Profile
eastneydave
Editor email
Profile
paultsmouth
no email
Profile
Chix
no email
Profile

Current Poll (see more polls)

Blackpool v Pompey
Suggested By: pompeyrug
Pompey win40%
Draw20%
Blackpool win40%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Plymouth 9 6 1 2 19 4
2 Portsmouth 9 5 2 2 17 9
3 Luton 9 5 1 3 16 8
4 Doncaster 9 5 1 3 16 7
5 Crewe 9 4 4 1 16 4
6 Carlisle 9 3 6 0 15 3
7 Morecambe 9 5 0 4 15 -2
8 Colchester 9 4 2 3 14 2
9 Notts County 9 4 2 3 14 1
10 Accrington 9 4 2 3 14 1
11 Crawley 9 4 2 3 14 -1
12 Grimsby 9 4 1 4 13 2
13 Mansfield 9 3 3 3 12 -1
14 Leyton Orient 9 3 2 4 11 0
15 Hartlepool 9 2 5 2 11 -4
16 Blackpool 9 2 4 3 10 2
17 Barnet 8 2 4 2 10 -2
18 Stevenage 9 3 1 5 10 -3
19 Yeovil 9 3 1 5 10 -4
20 Exeter 9 3 0 6 9 -5
21 Wycombe 9 2 2 5 8 -7
22 Cheltenham 9 1 4 4 7 -3
23 Newport 8 1 3 4 6 -4
24 Cambridge 9 1 3 5 6 -7
Latest F1 News
Latest Vital Boxing News

Recent Portsmouth Results (view all)

Portsmouth Fixtures (view all)

Sep 27 2016 7:45PM : Blackpool (a)
Sky Bet League Two
Oct 1 2016 3:00PM : Doncaster Rovers (H)
Sky Bet League Two
Oct 8 2016 3:00PM : Leyton Orient (a)
Sky Bet League Two
Oct 15 2016 3:00PM : Plymouth Argyle (a)
Sky Bet League Two
Oct 22 2016 3:00PM : Notts County (H)
Sky Bet League Two
Oct 29 2016 3:00PM : Cambridge United (a)
Sky Bet League Two

Vital Members League Table

RankNamePoints
1.pompeyrug57
2.storagematt26
3.Copnor4325
4.PompeyFrippy24
5.FrattonBlue22
6.eastneydave21
7.mslorna4816
8.pompeyweller14
9.uspompeyfan9
10.Dentoblue7