UK time is: 12:03:14
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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.
The Journalist

Writer: Jimsmithswig Mail feedback, articles or suggestions

Date:Tuesday November 29 2011

Time: 8:05PM

Your Comments

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
Can't wait for Liquor n Poker's take on things :-0
Russellm
Yes PFC can stand on it's own two feet if the supporters turn up in great numbers for home games.
PFCblue
Prehapes it depends on if the league like us or not now then!
PompeyFcMad
I see Bristol city just announced losses of 16m for the year on top of loses last year and year before
Pompeyhussler
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
BTW. I have no time for point’s 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
 

Have Your Say

Log in...
with your social network     OR     with your Vital account
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. PFCblue 117
2. storagematt 115
3. pompeyrug 107
4. mslorna48 94
5. Emsworthianblue 55
6. Pompeytim 43
7. eastneydave 41
8. Lemmi 28
9. PompeyJake 19
10. Jimsmithswig 19

League Results (view all)

League Table (view table)

Team P W D L GD Pts
10. Bury 44 13 18 13 8 57
11. Dag & Red 44 14 15 15 -4 57
12. Mansfield 44 14 15 15 -8 57
13. Portsmouth 44 14 15 15 -10 57
14. Wimbledon 44 14 14 16 -4 56
15. Newport 44 13 16 15 -3 55
16. Cheltenham 44 13 16 15 -7 55

Breaking League News

As A Group We Take It On The Chin
» Morecambe : 24/04/2014 11:55:00
Nelson Is Argyle Young Player of the Season
» Plymouth : 24/04/2014 09:30:00
On this day in history...24th April
» Portsmouth : 24/04/2014 07:00:00
Smith Out For The Season
» Bristol Rovers : 23/04/2014 18:21:00
Walton Appeal Rejected
» Hartlepool : 23/04/2014 17:50:00
Moore Keen To Commit
» Wimbledon : 23/04/2014 14:34:00
Bentley Gutted By Defeat
» Morecambe : 23/04/2014 14:27:00

Current Site Poll (view all polls)

Assuming AA get the job, what should he do?
Suggested By:  
Stick with his current coaching set-up 12%
Bring in a vastly experienced assistant 21%
AA will know best... 67%