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Should Portsmouth Go Bust
Topic Started: 24 Feb 2012, 08:22 AM (570 Views)
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Hope they die and a phoenix club carries on for the fans.

In reality, the FA won't let them die this season, something may happen once the season is over though....?

Fully expect them to keep ambling on. It's a farce.
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Owlish52
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RR Foreign Legion - Across the Pond - Championship-bound
An observation (actually sourced from a Pompey forum) - that 17,500 included about 3,000 Leeds fans, so it's not quite the grand triumph that Birch congradulates the Pompey suporters about. But when you're where they and Birch are, there's almost no where to look but up...
A new season, back in the Championship. New manager, new playing style, let's get back up! URZZZZ!
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Hayes
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I hope he fails miserably ^o)
Broad and Anderson on fire,Aussies,be Very Afraid
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ARA Royal
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Mouldy
As much as I dislike Pompey, I can only imagine they will limp towards the end of the season alive. I really can't see a club of that size folding completely. Presumably another CVA will be arranged and another (dodgy) buyer will come into the picture.

I hope HMRC do manage to get something from the situation though, partly because it's our tax money at the end of the day, and because a lesson to all clubs that they can not continue to run in quite such a carefree manner with the wages they offer. We've had to make do by selling Doyle, Sigurdsson, Long etc, why should other clubs get away with not budgetting for the tax they're supposed to pay. Gets my goat :( Regardless of that, HMRC will fail to win a court case to block the CVA (if that is the route the administrators go down) as they seem to have rather inept legal teams!
The Thread Killer! Guaranteed to cause a flourishing forum thread to stutter to an abrupt halt.
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Pea
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Joseph/Joe
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27 Feb 2012, 02:55 PM
We've had to make do by selling Doyle, Sigurdsson, Long etc, why should other clubs get away with not budgetting for the tax they're supposed to pay. Gets my goat :( Regardless of that, HMRC will fail to win a court case to block the CVA (if that is the route the administrators go down) as they seem to have rather inept legal teams!
I think this is the biggest problem, clubs like us have had to sell our best players year on year to stay in the black (or at least only take on as much debt as we can manage). It is completely unfair that other clubs don't exercise the same case and they get a much greater competitative advantage.

If we had gambled and not sold Sigurdsson then I have no doubt that, given the season that followed, the gamble would have paid off and we would be a Premiership club by now. That doesn't mean it would have been right to have done so, but all things being even we would have been promoted. They weren't even and we were forced to sell whereas clubs like Cardiff and Portsmouth carried on paying ridiculous Premiership wages to their team and then cheated the HMRC out of its money when it caught up with them. Bring them down.
Edited by Pea, 27 Feb 2012, 03:14 PM.
Quidquid latine dictum sit, altum sonatur
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BiscuitBeale
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According to David Gold West Ham's co-owner. It's the tax man's fault that Portsmouth and Rangers are in trouble because they haven't been reminding them to pay their taxes....seriously....
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Owlish52
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RR Foreign Legion - Across the Pond - Championship-bound
BiscuitBeale
28 Feb 2012, 08:06 AM
According to David Gold West Ham's co-owner. It's the tax man's fault that Portsmouth and Rangers are in trouble because they haven't been reminding them to pay their taxes....seriously....
"Oh, bother" said Pooh. "It's the blasted Tax Man again... Perhaps if we ignore him, he'll just Go Away..."
A new season, back in the Championship. New manager, new playing style, let's get back up! URZZZZ!
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Hayes
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BiscuitBeale
28 Feb 2012, 08:06 AM
According to David Gold West Ham's co-owner. It's the tax man's fault that Portsmouth and Rangers are in trouble because they haven't been reminding them to pay their taxes....seriously....
You couldn't make it up could you,Gold is a A1prat.
Broad and Anderson on fire,Aussies,be Very Afraid
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