HMRC drop winding-up petition against Portsmouth FC (From Daily Echo)
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HMRC drop winding-up petition against Portsmouth FC
3:51pm Thursday 11th March 2010 in
More stories about: Pompey
PORTSMOUTH will no longer face a winding up order after the HMRC dropped their challenge to the club's administration.
Her Majesty's Revenue and Customs today dropped its legal challenge against the validity of Pompey being put into administration by owner Balram Chainrai, it has been reported.
They were due in court on Monday, for a hearing which could have seen the club wiped from existence.
A spokesman for the club said: "The Revenue has accepted the administration is valid."
Portsmouth now face a nine-point deduction from the Barclays Premier League for entering into administration.
Even before the nine-point deduction, Portsmouth are firmly rooted to the bottom of the Premier League table and look certainties for relegation to the Football League Championship.
The nine-point deduction will leave them 14 points from safety, with just 10 games left to play.
HMRC's decision to drop their case comes the day after the administrator slashed 85 Fratton Park jobs.
Some members of manager Avram Grant's backroom staff were included in the cull, although none of them were high-profile.
But Pompey administrator Andrew Andronikou has promised fans that no players will be moved on ahead of the FA Cup semi-final.
Players cannot be made redundant due to protection afforded to them by the Professional Footballers' Association.
But the cancellation of loan agreements to save on wages is a consideration, with Pompey having six temporary signings on their books.
Comments(44)
My View from the Hill
says...
3:58pm Thu 11 Mar 10
Paul Lucas
says...
3:58pm Thu 11 Mar 10
.
Thank god for Siir Markus & Co.
.
Bring on Leeds - COYRS!!!!!
Condor Man
says...
4:02pm Thu 11 Mar 10
imchunt
says...
4:05pm Thu 11 Mar 10
Optimism rules OK
says...
4:09pm Thu 11 Mar 10
!! MAKE THE **** **** SUFFER! DISGRACEFUL! UNFAIR ON CHESTER, CARDIFF AND SOUTHEND!!! ****!!!!!!!!!!!!!!!
!!
Dan Kerins
says...
4:20pm Thu 11 Mar 10
imchunt wrote:Correct, it won't be the case, as the Premier League rules are different to the Football League ones.
So what is the deal with the points deduction then? I thought i would be the same as what happened to us... if they end the season OUTSIDE of the drop zone the points will be taken at the end of this season but if they end the season INSIDE the drop zone the points will be taken at the begining of next season. I only ask because i read somewhere that this wouldn't be the case????
St.DaveH
says...
4:21pm Thu 11 Mar 10
. They do seem to have been given preferential treatment in respect of any consequence, especially when trading while insolvent, and probably because the PL are very embarrassed about the whole laundering operation going on at krap nottarf…..only two of their players are discussing a wage reduction, how very noble of them…….surely more penalties will follow on from the legal proceedings against PS, twitchy etc, all of who had positions of authority at the club while creaming the dollars from player transfers, and the club…in short ripping their own fans….skint dessert dwellers etc, you couldn’t make it up…..COYRs
imchunt
says...
4:24pm Thu 11 Mar 10
Brite Spark
says...
4:26pm Thu 11 Mar 10
Dan Kerins wrote:They went into voluntary administration before a cut off date, something like March 15th, if they had done so after that date the points would have been deducted after relegation, if you remember, Saints went into adminitstration very late in the season, that's why the points were deducted after relegation. The Football League are already looking into docking Portsmouth 20 points at the start of next season in The Championship, so Div 1 football is likely for them in just over 16 months, if they survive that long. Premiership clubs are treated with kid gloves, look at Chester City who were wound up yesterday, I believe that they owe the tax man the relatively small sum of £200,000, nothing like the several million that Pompey owe.
imchunt wrote: So what is the deal with the points deduction then? I thought i would be the same as what happened to us... if they end the season OUTSIDE of the drop zone the points will be taken at the end of this season but if they end the season INSIDE the drop zone the points will be taken at the begining of next season. I only ask because i read somewhere that this wouldn't be the case????Correct, it won't be the case, as the Premier League rules are different to the Football League ones.
The_Shotster
says...
4:42pm Thu 11 Mar 10
slimoverkill
says...
4:43pm Thu 11 Mar 10
Fred_In_Brizzle
says...
5:20pm Thu 11 Mar 10
Look for an article called "Southampton FC may not get points deduction from Football League" on this site.
franiow
says...
5:25pm Thu 11 Mar 10
saintkenny
says...
5:33pm Thu 11 Mar 10
Dan Kerins wrote:the same may well be applied here .all premier chairman will meet round a table before a dicision is made .the other chairman may ask for this rule .for the integrity of the league .set portsmouth a task .otherwise if you apply them now they may not try .witch would effect .top of league the top 4th spot and the other teams near the bottom.dont be suprised if this rule is applied
imchunt wrote: So what is the deal with the points deduction then? I thought i would be the same as what happened to us... if they end the season OUTSIDE of the drop zone the points will be taken at the end of this season but if they end the season INSIDE the drop zone the points will be taken at the begining of next season. I only ask because i read somewhere that this wouldn't be the case????Correct, it won't be the case, as the Premier League rules are different to the Football League ones.
Luda.
says...
5:59pm Thu 11 Mar 10
Was expecting a few on here celebrating as if they had won the world cup.
Scummer this and PUP that.
Dirty little beggars, my one wish this year was that they folded.
Oh well, on wards and upwards for us..
fred the red
says...
6:14pm Thu 11 Mar 10
Outside the PL it seems that there is no protection for clubs who are in difficulty.
Poopey get special treatment and the mess is all of their own making.
This is not justice but one big stitch up that should be investigated by FIFA.
costa gaz
says...
6:20pm Thu 11 Mar 10
Man u £750m in debt, go into admin, 2/3rds of of the debt wiped out, - 9 pts = finish 3rd.
The crazy world of the EPL
bullarboy
says...
6:39pm Thu 11 Mar 10
My View from the Hill
says...
6:39pm Thu 11 Mar 10
costa gaz wrote:Absolutely spot on,
Open the flood gates, any team with £m's of debt, just go into admin, clear the debt start again, easy peasy.
Man u £750m in debt, go into admin, 2/3rds of of the debt wiped out, - 9 pts = finish 3rd.
The crazy world of the EPL
I half expect it to happen, if you were the Glazers with that amount debt, the Manc fans on your back wouldn't you consider it?
Imagine you could walk away from Old Trafford, with no debt, after selling the assets (players) and paying possibly 30p in the pound to pay off the creditors, go back to the USA and run your American Football team, and the PL and FA will pat you on the back for running a business in the ground, deducting 9 points.
An absolute disgrace the Skates can run a business so badly and walk away scot free, 9 points to team who were going to be relegated anyway means f**k all, some punishment that is, they got sweet FA for ripping off the taxman.
Brite Spark
says...
6:39pm Thu 11 Mar 10
My View from the Hill wrote:Of course she hasn't got very far, a lot of clubs have statues outside their grounds these days, she is Portsmouth's.
Surprise Surprise, oh well relagation can be looked forward too by the Skates, That lady still got home on her buggy, it's taken her weeks.
G0Rf
says...
7:17pm Thu 11 Mar 10
normsted
says...
7:28pm Thu 11 Mar 10
Their debt is minimal compared to others,so the PL is hoping that a "big club" doesnt go pearshaped.
But their wrong in not dealing with this rabble and setting an example.
keep it in the public domain,dont let them off the hook.
Still ,they still have peter storyteller on 75k a week while 85 get laid off,disgraceful.
memush
says...
7:36pm Thu 11 Mar 10
My View from the Hill
says...
8:47pm Thu 11 Mar 10
Brite Spark wrote:Touche
My View from the Hill wrote:Of course she hasn't got very far, a lot of clubs have statues outside their grounds these days, she is Portsmouth's.
Surprise Surprise, oh well relagation can be looked forward too by the Skates, That lady still got home on her buggy, it's taken her weeks.
Southampton Heart
says...
9:22pm Thu 11 Mar 10
memush wrote:I hope Bournemouth will be OK too.
I hope Bournemouth will be simillarly well treated as by comparison their debt is minute only 200k.
The whole PFC saga is a complete joke....and an utter disgrace and makes me very angry. I can't believe that they have got away with so many dodgey dealings.
The latest ownership sucks of wet fish....very smelly fish and rotten to the core.
I will be very happy to see them relegated as they will no longer be seen to be as a Premiership Club.
They will go down and I'm lovin it!!!.
Reality-man
says...
9:23pm Thu 11 Mar 10
bullarboy wrote:Jog on skate lover
You lot really are a sad bunch of bitter and twisted people! The word 'jealous' springs to mind - just accept the situation and deal with it - so pompey may not be getting the same punishment as saints did - but they are still doomed - so does it really matter that much??
diver-1975
says...
10:40pm Thu 11 Mar 10
bigronthestaff
says...
11:39pm Thu 11 Mar 10
Optimism rules OK wrote:....and Crystal Palace.
WHAT!!!!!!!!!!!!!!!! !! MAKE THE **** **** SUFFER! DISGRACEFUL! UNFAIR ON CHESTER, CARDIFF AND SOUTHEND!!! ****!!!!!!!!!!!!!!! !!
I stand, drop jawed hearing about Skatesville and their squirming and weedling. It's an absolute disgrace that any league could let this farce continue. It's about time they just shot this dead horse of a team. They aren't ever going to be able to face these debts so all that is happening is a prevention of the inevitable.
GET RID OF THE SKATES, NOW!!
bigronthestaff
says...
11:41pm Thu 11 Mar 10
gosportsaint
says...
12:01am Fri 12 Mar 10
Role on Saturday and hear the Chapel sing
Brite Spark
says...
12:09am Fri 12 Mar 10
gosportsaint wrote:Some reports in the national press say it could be 27 points gs. Remember when theire fans used to say "It's minus 10 in Southampton, must be freezing" well I can't wait for them to be minus 27, that's Arctic!
They will start in the CCC on minus 20, so don't worry lads, they are still Doooommmmed
Role on Saturday and hear the Chapel sing
gosportsaint
says...
12:18am Fri 12 Mar 10
Brite Spark wrote:I knew it was getting chilly in Gosport, but didn't realise it was that cold, brrrrrrrrr.
gosportsaint wrote: They will start in the CCC on minus 20, so don't worry lads, they are still Doooommmmed Role on Saturday and hear the Chapel singSome reports in the national press say it could be 27 points gs. Remember when theire fans used to say "It's minus 10 in Southampton, must be freezing" well I can't wait for them to be minus 27, that's Arctic!
They won't have to worry about keeping the fish fresh
OSPREYSAINT
says...
12:37am Fri 12 Mar 10
Have the Football League seen the light and are considering that their methods were wrong? If not why are they giving Southend more time to get their house in order? If they are man enough to admit that they got it wrong, why not give us our ten points back for this season and retrospectively knock them off of last season when the punishment was earned?
Optimism rules OK
says...
8:18am Fri 12 Mar 10
OSPREYSAINT wrote:If pompey escape the 9 pts deduction, then Ken Bates, Simon Jordan, Peter Ridsdale, Nicola Cortese, and every other chairman of a club who have faced administration should demand they're points back, and threaten to take the league to the high court. Portsmouth are not exempt from the law, they are not exempt from punishment for gross overspending. Should finance trouble affect the field? yes 100%, because the squad out there was funded by money they couldnt sustain, wages for that squad they couldnt sustain, hense if it wasnt for gross overspending, they wouldnt have that squad, hence an unfair advantage. And still, those **** get away with it.
I am wondering if the Premier League are doing the right thing in giving a Club in trouble a chance to put their house in order? Will they reward them if they |do put things right?
Have the Football League seen the light and are considering that their methods were wrong? If not why are they giving Southend more time to get their house in order? If they are man enough to admit that they got it wrong, why not give us our ten points back for this season and retrospectively knock them off of last season when the punishment was earned?
costa gaz
says...
9:10am Fri 12 Mar 10
Meanwhile the club was advertised as being up for sale in yesterday's Financial Time for an undisclosed sum.
It read: 'Portsmouth Football Club For Sale. Hampshire, United Kingdom.
Asking price: Undisclosed. Sales revenue: Undisclosed. Net profit: Undisclosed. Fixtures value: Undisclosed. Stock value: Undisclosed.
Didn't think they would need to advertise, what with 12 buyers already lined up.
A grubby little club, run by grubby little people for a few grubby little fans.
mr_lee_white@hotmail.com
says...
10:01am Fri 12 Mar 10
IS IT?
"It's ok for football clubs/companys to use other peoples money, including tax payers money to buy players and fund a Premiership position and THEN go into administratiom, all but wiping those debts?
It's just plain and simple wrong, the HMRC want their heads examining as do the FA.
Pompey should be wound up and their assets sold.
THEN if their city want a club THEY should bloody fund one, not every tax-payer and many south coast businesses!!!"
That's what it looks like to me.....
DISGRACEFUL
=========
Costa Baz
says...
10:42am Fri 12 Mar 10
costa gaz wrote:This has to be the best post here.
Open the flood gates, any team with £m's of debt, just go into admin, clear the debt start again, easy peasy. Man u £750m in debt, go into admin, 2/3rds of of the debt wiped out, - 9 pts = finish 3rd. The crazy world of the EPL
It clearly highlights the need for the penalty, when a PL team goes into administration, to be far more than a standard -9 points.
Automatic relegation, regardless of finishing position, plus point deductions the following season would be a good starting point.
Tye-Dye
says...
1:58pm Fri 12 Mar 10
mr_lee_white@hotmailErr Lee, while you make a excellent post, and your points are very valid, you may want to come back on here with a different moniker, giving your e-mail address away on a public forum is a VERY bad idea, cheers ;)
.com wrote:
SO what message is this sending? IS IT? "It's ok for football clubs/companys to use other peoples money, including tax payers money to buy players and fund a Premiership position and THEN go into administratiom, all but wiping those debts? It's just plain and simple wrong, the HMRC want their heads examining as do the FA. Pompey should be wound up and their assets sold. THEN if their city want a club THEY should bloody fund one, not every tax-payer and many south coast businesses!!!" That's what it looks like to me..... DISGRACEFUL =========
costa gaz
says...
4:02pm Fri 12 Mar 10
I think it might be time to call in the SFO and suspend the company from trading with immediate effect.
Chipster
says...
5:14pm Fri 12 Mar 10
In a way it all makes perfect sense, if the Skates are liquidated (I do love that term for them) then the sh!t hits the fan concerning who had beaten or lost to them, it would basically be one big f!!king mess! So, what better way to avoid this than by the HMRC backing off so very conveniently, perhaps secret handshakes all round? They will still be hit with the -9 points so PFC are all but guaranteed to be relegated.
Thats when I can see all of brown stuff hitting the Skates from all directions, including HMRC etc. If they then don't get their act together I can see the Football League being far more draconian with them, -10 or -15 anyone?
The players on loan will return to their clubs, the mercenries will depart elsewhere because none of them will want reduced wages in the championship, also there is the real risk of not being paid at all.
At the moment it stinks, and we feel that our inbred neighbours, the PL and HMRC are taking the p!ss which leaves a foul taste in the mouth. But before PFC start celebrating I think they should reflect on what will/may fall upon them very soon! :oD
les_m
says...
9:37pm Fri 12 Mar 10
OSPREYSAINT
says...
9:41pm Fri 12 Mar 10
saintkenny
says...
10:06pm Fri 12 Mar 10
bullarboy wrote:no0 but its what pompey fans did last august ,so you ant expect the saints fans to be any different .so you should think about that and lets have some fairness .the fans response is there own doing
You lot really are a sad bunch of bitter and twisted people! The word 'jealous' springs to mind - just accept the situation and deal with it - so pompey may not be getting the same punishment as saints did - but they are still doomed - so does it really matter that much??
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My View from the Hill says...
3:57pm Thu 11 Mar 10
That lady still got home on her buggy, it's taken her weeks.