Portsmouth AGAIN

[bobo the clown]

Just out of interest, if they do have to selll their assets, will the players be able to move anywhere in England now the transfer window is shut?

Interesting dilema.

Anyone could BUY them .... just they wouldn't be able to use them as the window's shut.

If, however, they went into liquidation then they would be unemployed & without contract. As free agents they COULD sign & play for someone.

This is why .... simply to save several £80k per week type payments an Administrator could still decide to sack someone, without a fee ... as £50,000 to £80,000pw x 7 or 8 highly paid players is maybe £350,000 PER WEEKsavings & worth doing.

[H. Pedersen]

They've been given a week.

Jesus, just put them out of their misery.

[Lord Kangana]

So(with a little blue sky thinking here) we could get Ben Haim back on a free, keep the three points we got, Portsmouth will have to field the Youth Team, we get 3 points at home against 'em, and theres only 2 more relegation places to fill?

[Tombwfc]

Just out of interest, if they do have to selll their assets, will the players be able to move anywhere in England now the transfer window is shut?

Interesting dilema.

Anyone could BUY them .... just they wouldn't be able to use them as the window's shut.

If, however, they went into liquidation then they would be unemployed & without contract. As free agents they COULD sign & play for someone.

This is why .... simply to save several £80k per week type payments an Administrator could still decide to sack someone, without a fee ... as £50,000 to £80,000pw x 7 or 8 highly paid players is maybe £350,000 PER WEEKsavings & worth doing.

I thought PL rules was that players could only be signed on frees had to be without a club when the window shut?

They could sign them, but they couldn't play until the window opens - like Sol Campbell.

[Zulus Thousand of em]

I reckon there's only two more relegation places to fill whichever way this spins out.

[Tombwfc]

I reckon there's only two more relegation places to fill whichever way this spins out.

I agree, and for that reason alone I hope they survive. There's no danger of them getting out of it IMO.

Pretty ironic that their last ever game could be against Southampton.

[Zulus Thousand of em]

I reckon that another week just puts them deeper in the financial shit. They owe shedloads (around £4.7 million) for PAYE and NI in addition to the VAT that HMRC are coming after them for here.

Not waving, drowning.

[BWFC_Insane]

So(with a little blue sky thinking here) we could get Ben Haim back on a free, keep the three points we got, Portsmouth will have to field the Youth Team, we get 3 points at home against 'em, and theres only 2 more relegation places to fill?

[Lord Kangana]

Finally.

[bobo the clown]

Just out of interest, if they do have to selll their assets, will the players be able to move anywhere in England now the transfer window is shut?

Interesting dilema.

Anyone could BUY them .... just they wouldn't be able to use them as the window's shut.

If, however, they went into liquidation then they would be unemployed & without contract. As free agents they COULD sign & play for someone.

This is why .... simply to save several £80k per week type payments an Administrator could still decide to sack someone, without a fee ... as £50,000 to £80,000pw x 7 or 8 highly paid players is maybe £350,000 PER WEEK savings & worth doing.

I thought PL rules was that players could only be signed on frees had to be without a club when the window shut?

They could sign them, but they couldn't play until the window opens - like Sol Campbell.

You've got me there, Tom. I just don't know.

BUT, I would have thought that players signed as free agents could go on to play.

Again, as I famously once said, stuff like this is why (most) barristers have big houses !

[BWFC_Insane]

Just out of interest, if they do have to selll their assets, will the players be able to move anywhere in England now the transfer window is shut?

Interesting dilema.

Anyone could BUY them .... just they wouldn't be able to use them as the window's shut.

If, however, they went into liquidation then they would be unemployed & without contract. As free agents they COULD sign & play for someone.

This is why .... simply to save several £80k per week type payments an Administrator could still decide to sack someone, without a fee ... as £50,000 to £80,000pw x 7 or 8 highly paid players is maybe £350,000 PER WEEK savings & worth doing.

I thought PL rules was that players could only be signed on frees had to be without a club when the window shut?

They could sign them, but they couldn't play until the window opens - like Sol Campbell.

You've got me there, Tom. I just don't know.

BUT, I would have thought that players signed as free agents could go on to play.

Again, as I famously once said, stuff like this is why (most) barristers have big houses !

Players can only sign if they are a free agent BEFORE the transfer window closed.

The actual rule is you can't TRANSFER a players registration outside the transfer window. So those players who are free agents in a window effectively hold their own registrations and therefore there is no transfer.

The pompey players are registered to Portsmouth so it would be against the rules for them to play for anyone else (other than a lower division loan) until the next transfer window opens where registrations can be transferred.

Who knows what would happen should Portsmouth no longer exist as an FC of course, though that is NOT going to happen!

[boltonboris]

Some bastard will save them for a month, then somebody else for another month etc... It'll be a never ending story and once they go down the Premier League will bring in a rule stating you can't have more than 3 owners in a season or you get docked 9 points for a small club and 1 for a big club or some bollocks

[Lord Kangana]

Somebodies just told me that if they're proved to have been trading whilst insolvent (accruing debt with no means to pay) and are unable to foot the entire HMRC/VAT bill, then thats it, they'll have to fold because its illegal to keep a company running in those circumstances. Don't know how true this is, sounds plausible.

[bobo the clown]

Somebodies just told me that if they're proved to have been trading whilst insolvent (accruing debt with no means to pay) and are unable to foot the entire HMRC/VAT bill, then thats it, they'll have to fold because its illegal to keep a company running in those circumstances. Don't know how true this is, sounds plausible.

It would be fraud to accrue debt which you KNOW you cannot repay. But they could argue that while they could get people to put money in or had assetts (players) they could sell then they haven't been at that stage so far.

Once the game is clearly up then they must cease trading.

Personally, I suspect this Chainrai guy, who is owed a dollop of cash & would lose that if they go under has a decision to make. Does he write THAT off or does he put more in the keep the corpse breathing in the hope that, eventually, someone will come in OR he can sell the assetts. He must have a view that he can persuade the planners to allow building on the site he now owns.

The word is that Gaydamak has chosen not to push for the next £7m of the £28m he's owed. He's only doing that as he hopes he'll get more in the longer term. Of course, there may not be a longer term.

[Juewanderer]

Very interesting read here from the Guardian....entitled... The day Pomey's house of cards was given notice of demolition.

Link http://www.guardian.co.uk/football/blog ... winding-up[/url]

[as]

No way will they go bust, despite the shocking financial state of the sailor boys.

Yet another dodgy millionaire will turn up, they'll be given the benefit of the doubt (if it was us - the PL would have already docked us points) and then get relegated before, literally, starting again.

At least we won't have to hear to the usual media bum-licking of them for a while anyway. If their fans were that great, they wouldn't be getting 16k in the top flight

Still remember their coppers and stewards trying to refuse half the Bolton fans, when we made Europe that time.

'Have you been drinking?'

'Well I've just spent 8 hours getting here on a coach, what do you think?'

Southern w******s

[bobo the clown]

Just watching Pompey v S'ton.

When did Mark Hateley turn into David Carradine ??

[Bruce Rioja]

Just watching Pompey v S'ton.

When did Mark Hateley turn into David Carradine ??

I just thought exactly the same!!!!

It to me a minute to work out who it was!!

[bw@bw]

I don't suppose that TW archives go back that far.

But I do distinctly remember Appy Arry's first couple of weeks when Gaydamak took over.

IIRC it was a January window, and G put in about £20-£30m to put towards the creation of a Pompey Middlebrook/Reebok.

By the end of the month Arry had spent it on players.

The die was cast then, and most of what followed has been "I told you so" territory.

The only surprise has been that it took so long and that there have been so many gullible "owners" in between.

[bobo the clown]

I don't suppose that TW archives go back that far.

But I do distinctly remember Appy Arry's first couple of weeks when Gaydamak took over.

IIRC it was a January window, and G put in about £20-£30m to put towards the creation of a Pompey Middlebrook/Reebok.

By the end of the month Arry had spent it on players.

The die was cast then, and most of what followed has been "I told you so" territory.

The only surprise has been that it took so long and that there have been so many gullible "owners" in between.

... amid suggestions that Gaydamak was simply a front man for his convicted & bent father. He was a proven fraudster and had been banned from owning a footy club.

So, suddenly, his son did !

Then it is boom-time for a while .... & then the wheels come off & more dodgy money comes on the heels of yet more.

I though Mandaric was dodgy too, but what followed him had been special.