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Portsmouth heading for administration

Fratton Park Fratton Park

Portsmouth are facing a 10-point deduction after the club's advisors confirmed they are seeking to go into administration.

It will be the second time in as many years that the club has gone into administration. Pompey face a winding-up hearing next week over an unpaid tax bill and have not been able to pay their players and staff for January.

Peter Kubik, of the club's financial advisors UHY Hacker Young, told Press Association Sport: ''They are in the process of seeking an administration order - an application to court seeking administration is due to go in any day.

''The club's bank accounts have been frozen due to the winding up hearing and they are finding it very difficult to trade. Once the administration order is in place the bank accounts will be made accessible again.

''We are aware that administration carries an automatic 10-point deduction by the Football League.''

Pompey were plunged into another financial crisis after their parent company, Convers Sports Initiatives (CSI), went into administration in November. UHY Hacker Young are the administrators for CSI.

The tax bill is for between £1.2million and £900,000 but Kubik said there were many other outstanding bills to pay. Among these, the club needs to pay their electricity supplier in order to avoid being cut off.

''There are lots of bills they need to pay,'' added Kubik.

In February 2010 Portsmouth became the first Premier League club to enter administration and were deducted nine points, condemning them to relegation.

A 10-point deduction from the Football League would put Pompey on 25 points, outside the relegation places on goal difference alone.

Comments(89)

JohnItaly says...
4:50pm Mon 13 Feb 12

Surely a second time in administration carries a penalty of 15 points at least. If the FA only deduct 10 pints then if I am right this would be a clear case of discrimination as other clubs falling into administration had more than 10 points deducted.

Little Hitler says...
4:52pm Mon 13 Feb 12

FLOL the Farton Krap granny is back.

What a time to be a Saints fan, after everything we had to put up with. What goes around comes around you fish fiddling inbreds!

Sussex Saint says...
4:53pm Mon 13 Feb 12

Portsmouth heading for administration... rather than pay their bills

Little Hitler says...
4:57pm Mon 13 Feb 12

Sussex Saint wrote:
Portsmouth heading for administration... rather than pay their bills
I think the funniest line above was this one:

'Among these, the club needs to pay their electricity supplier in order to avoid being cut off'

How pikey is that!

RedArmy1 says...
4:58pm Mon 13 Feb 12

Portsmouth are facing a 10-point deduction after the club's advisors confirmed they are seeking to go into administration.

League One Football awaits for sad old pompey !!!

RED ARMY. TOP DOGS IN THE SOUTH.

St Retford says...
5:00pm Mon 13 Feb 12

Aren't there FA rules about clubs that go into administration twice in three years getting expelled from the league? I read that on the internet somewhere, so it's definitely right.

Sussex Saint says...
5:02pm Mon 13 Feb 12

Little Hitler wrote:
Sussex Saint wrote:
Portsmouth heading for administration... rather than pay their bills
I think the funniest line above was this one:

'Among these, the club needs to pay their electricity supplier in order to avoid being cut off'

How pikey is that!
Whatever next, they'll turn the club website off.....

Rhombus says...
5:03pm Mon 13 Feb 12

haha I missed that stock Fratton image! :D Roll on , Roll on

truelysaints says...
5:06pm Mon 13 Feb 12

JUST MADE MY DAY and it was a good day at that.

Saint Rob Block 42 says...
5:08pm Mon 13 Feb 12

They should charge that granny rent for parking on their "land" ha ha. Pikey skates!

Gossie. says...
5:10pm Mon 13 Feb 12

JohnItaly wrote:
Surely a second time in administration carries a penalty of 15 points at least. If the FA only deduct 10 pints then if I am right this would be a clear case of discrimination as other clubs falling into administration had more than 10 points deducted.
First Administration was in the Prem, different organisation so doesn't count.

Someone just put them out of their misery and give me a bl00dy good laugh

JohnItaly says...
5:10pm Mon 13 Feb 12

JohnItaly wrote:
Surely a second time in administration carries a penalty of 15 points at least. If the FA only deduct 10 pints then if I am right this would be a clear case of discrimination as other clubs falling into administration had more than 10 points deducted.
Whoops. Forgot to say clubs falling into into administration for a second time.

dango says...
5:15pm Mon 13 Feb 12

nice to have an uplifting football story after the previous one.

sarfhamton says...
5:16pm Mon 13 Feb 12

I think it will be a tragedy if Pompey go out of Business, the FA should be ashamed of themselves.

The fans, the staff (not all mega money players remember), local suppliers and taxpayers will be punished if they go.

bridge-miester says...
5:17pm Mon 13 Feb 12

Shame YEH RIGHT C.O.Y.R.

Sussex Saint says...
5:22pm Mon 13 Feb 12

whilst I do find it amusing that the fishy fiends are once again up against it, I do find it interesting to study the form on this one. An interesting article
http://www.law.ed.ac
.uk/courses/blogs/sp
ortandthelaw/blogent
ry.aspx?blogentryref
=8135 and the standout paragraph is such...

"After Leicester City went into Administration the Football League started to punish clubs by giving them a nine point penalty to preserve the integrity of the league and as a disincentive to resort to Administration.
It is now looking at ways of preventing football clubs from racking up huge tax debts in the first place through tighter regulation. From March 2010 all clubs will have to provide the league with financial forecasts, showing that they have a sustainable plan to take the club forward. If they are deemed not to, the League will then have the power to step in . The league believes that if they had been in place last season they would have helped arrest the decline of Portsmouth."

On this basis, it's the football leagues fault for not ensuring that the club were run properly, yet if you look over the following:

http://www.football-
league.co.uk/footbal
lleaguenews/20080710
/league-board-consid
ers-clubs-in-adminis
tration_2293334_1353
487

,especially Mawlwingy's statement on Bournemouth, regarding the integrity of the game, the least Pompey could get is a massive fine / points deduction for bringing the game into disrepute.

It's time to draw a line under this sham, either the law should step in, the league should throw them from the league or as put in the first link " all clubs will have to provide the League with financial forecasts, showing that they have a sustainable plan to take the club forward. If they don't the League has the power to step in."

The league should step in and turn the lights off, not for the amusement of Saints fans (although it is) but for the integrity of the league itself and the national game. Disgrace....

Little Hitler says...
5:24pm Mon 13 Feb 12

sarfhamton wrote:
I think it will be a tragedy if Pompey go out of Business, the FA should be ashamed of themselves.

The fans, the staff (not all mega money players remember), local suppliers and taxpayers will be punished if they go.
Very odd point of view.

Conversely, winding them up will stop them from causing further harm to local businesses and robbing us, the tax payer, of revenue that is rightfully ours.

Don't care about the players and it seems most the fans want to start a new club so let them do it.

sk8srsinking says...
5:27pm Mon 13 Feb 12

Going down theyre going down going down they're going down, Pompeys going down with no money in the bank no money in the bank no money in the bank etc etc etc. ha ha ha ha hee hee hee hee

Fatty x Ford Worker says...
5:34pm Mon 13 Feb 12

Oh dear better throw the Mrs out again as she is skating on thin ice again!

darune says...
5:36pm Mon 13 Feb 12

I find the rules regarding different administrations occuring in the Premier League and Football league a total farce.

How can the two leagues/organisation
s be said to be not connected. They have relegations and promotions between them each year and clubs in the FL benefit from parachute payments from the PL

Could it not be said that Portsmouth FC have many other financial irregularities currently such as the HMRC winding up order, and face the same 30 point deduction as Luton.

sotonbusdriver says...
5:43pm Mon 13 Feb 12

sarfhamton wrote:
I think it will be a tragedy if Pompey go out of Business, the FA should be ashamed of themselves.

The fans, the staff (not all mega money players remember), local suppliers and taxpayers will be punished if they go.
Yeah, the RED LIGHT District will have to rely solely on the Navy for business now.

dualsy says...
5:43pm Mon 13 Feb 12

There is a GOD.
C.O.Y.R

nickatbh16 says...
5:44pm Mon 13 Feb 12

If Pompey bite the dust for good this time it will mean there results being removed, West ham-6,Cardiff-4 Saints-1,
Is this fair?

Fatty x Ford Worker says...
5:46pm Mon 13 Feb 12

Just heard that that old dear in the photo is sussing out the current value of the land around the park to build a homeless doss hole for the homeless.

insane saint says...
5:54pm Mon 13 Feb 12

Fatty x Ford Worker wrote:
Just heard that that old dear in the photo is sussing out the current value of the land around the park to build a homeless doss hole for the homeless.
she has been there that long the blue few thought she was a statue of one of their owners

costa gaz says...
6:02pm Mon 13 Feb 12

-10pts will still see them above the bottom three and with the team of highly payed players they will avoid relegation.
So, basically, there is NO punishment for entering administration, only the benefit of wiping out debts (again) and carrying on as before.

They are playing a very clever game.

One question, what will happen to the original CVA?

Nine Toes. says...
6:03pm Mon 13 Feb 12

It's getting boring now, just send in the bulldozers and finish them off.

SHA LA LA LA LA LA LA LA

WHO THE F*CK IS LAUGHING NOW!!

insane saint says...
6:07pm Mon 13 Feb 12

Reading the FL regs and past practice on clubs entering admin I am pretty sure now that it would only be 10 points deducted. However there are greater sanctions (15 to 20 points) for not exiting administration via a CVA. With the first payments under the last CVA due in the next 6 weeks it surely becomes crucial that these are made in full. If not I can foresee a challenge and a substantial punishment. Still critical to see HMRC's response to an application for administration and if they challenge it because under FL regs they will get little or nothing yet again - not something anyone would normally be happy with if they are law abiding citizens tax payers

so not looking good is it
COYR

insane saint says...
6:11pm Mon 13 Feb 12

Reading the FL regs and past practice on clubs entering admin I am pretty sure now that it would only be 10 points deducted. However there are greater sanctions (15 to 20 points) for not exiting administration via a CVA. With the first payments under the last CVA due in the next 6 weeks it surely becomes crucial that these are made in full. If not I can foresee a challenge and a substantial punishment. Still critical to see HMRC's response to an application for administration and if they challenge it because under FL regs they will get little or nothing yet again - not something anyone would normally be happy with if they are law abiding citizens tax payers

so not looking good is it
COYR

redsnapper says...
6:18pm Mon 13 Feb 12

I think we should feel some sympathy for those skates who really love and support their club. I;m not bothered about the goons like Poopey Phil and others who come on here and insult us week in week out, they are too thick to change, but real supporters of any club deserve respect.
At the end of the day the rivalry between us and them is written in folklore and is well known thoughout the football world and it does provide serious entertainment usually at their expense so long may at continue, maybe the season after next when they have had one season in hell that is Div 1.

iandharvey says...
6:18pm Mon 13 Feb 12

As a long standing Saints supporter and therefore someone who looks for the Pompey result in the hope that they have lost, I have to admit to feeling sorry for Pompey fans. They have been failed by successive owners of the club and by the FA who clearly need to review their definition of 'fit and proper' people to run a soccer club. Let's hope that this is resolved quickly and we can then all get back to supporting our clubs on the field not in the courts.

Little Hitler says...
6:23pm Mon 13 Feb 12

Yup I actually feel for some of their fans, they seem an ok bunch and I would never consider going on their site and giving it large.

This is our patch though so no harm in having a laugh at them from afar :)

Condor Man says...
6:32pm Mon 13 Feb 12

I wonder if they'll ever find a 'fit and proper' owner? They must be properly punished this time.

willygetaway says...
6:43pm Mon 13 Feb 12

I remeber whilst under the control of the dark lord whilst drive though dog S**t city a blackboard outside a local pub it read
come and watch the scum go down.
so you fish fiddlers your dead, you smell dead, and you just dont know it
GO TOWARD THE LIGHT
and lets watch the real scum go down
payback is a **** COYR

tugboat says...
6:55pm Mon 13 Feb 12

How can a business football or otherwise get away with keep dipping onto admin to avoid its debts ?
sorry but its just not good enough,the FL missed an opportunity to make this rabble an example of how not to run a football club and they bottled it last time.
The opt out of admin is in this case a cynical move yet again to write off built up debts-it stinks.
Their best bet is to close down and start again in the lower leagues,the cowards better not fold completely,I,ll never forgive them,what about us ? who would be our rivals ? very very sell fish. Anyone want to buy a bell ?

thomasupton says...
7:02pm Mon 13 Feb 12

Sad to see any club end up like this. I see Rangers are in the same boat too.

bigfella777 says...
7:08pm Mon 13 Feb 12

10 points still doesnt mean they are going down it would put them joint 3rd bottom if they win tomorrow they would be out for now.

Crossley Place Saint says...
7:12pm Mon 13 Feb 12

Finances of football are built on sand. Where would Chelsea be if Abramovitch got bored, recognised it would cost him another 500 million to continue to compete, and walked away? Many other clubs are funded by their owners. We are in a much better position than most, but our last accounts showed a loss and what would happen if our owners called in the money we owed them? Luckily they have more bsuiness sense than that but what if their main business had a turndown and they needed to call in the loans?

Costa Baz says...
7:26pm Mon 13 Feb 12

darune wrote:
I find the rules regarding different administrations occuring in the Premier League and Football league a total farce.

How can the two leagues/organisation

s be said to be not connected. They have relegations and promotions between them each year and clubs in the FL benefit from parachute payments from the PL

Could it not be said that Portsmouth FC have many other financial irregularities currently such as the HMRC winding up order, and face the same 30 point deduction as Luton.
I made the same point about promotion and relegation linking both the PL and FL, on other forums, which should completely negate the argument being put forward that as they are now in the FL it is not a repeat offence.

BUT IS IT THE FIRST TIME THEY HAVE BEEN IN ADMINISTRATION WHILST BEING IN THE FOOTBALL LEAGUE?

Have they not been in administration before, whilst in the FL?
Did Mandaric buy them out of administration?
And didn't they go into administration prior to that as well?

Any historians out there that can shed any light on their previous cash shortages, showing that they, as a club, have a tradition of going into administration?

Clearly the "are the PL and FL linked" argument, reference penalties for financial offences needs to be reviewed, otherwise you will get other teams following suit.

As I understand it Blackburn Rovers are struggling financially.
So what's to stop them from going into administration, sucking up their -9 penalty and being relegated, then retaining all their high paid players for next season and gambling on going straight back up?
Taking the risk that if they don't go up, but go bust again, they will only get a -10 point penalty, the next time, something that would not even get them relegated as they would still have a core of players that played at a higher level?

To be honest, that would be worth the gamble for any club owner that lacks scruples, and who knows how many there are who would take that route, once a soft penalty precedent is set?

Over the Edge says...
7:29pm Mon 13 Feb 12

Cheerio, Cheerio, Cheerio, Cheerio, Cheerio, Cheerioooooo,

redsnapper says...
7:32pm Mon 13 Feb 12

Bad Credit- Top 20 Cards
Get Lowest Rate APR at 27.9%! Rebuild Your Credit Rating Today
www.moneysupermarket
.com/bad-credit

Have to laugh this ad is on THEIR WEBSITE.

http://www.portsmout
hfc.co.uk/LatestNews
/news/Portsmouth-Foo
tball-Club-Statement
-3117.aspx

myers says...
7:33pm Mon 13 Feb 12

I am a saints fans and would miss the rivalry if the worst happens but my main point is how (after administration ) can pompey afford to have the likes of ben haim , halford , benjani and lawrence etc on there wage bill after our bad times we started from scratch with a bunch of low earners they seem to have just continued on there merry way increasing there debt as they go !!!

OSPREYSAINT says...
7:43pm Mon 13 Feb 12

nickatbh16 wrote:
If Pompey bite the dust for good this time it will mean there results being removed, West ham-6,Cardiff-4 Saints-1,
Is this fair?
We didn't write the rules, it doesn't seem right, would rather do it on merit than by default. Do you think it would be allowed to happen?

rob the saint in NZ says...
7:51pm Mon 13 Feb 12

In the picture the old dear in the invalid carriage is actually Harry Redknapp in disguise with Rosie in the basket on the front having just paid a last visit to Krap Nottarf to dig up another hundred thousand quid she'd left buried under the centre circle a few years back.

Cheerio!

Exiled Saint - front line eastern outpost of Gosport says...
7:56pm Mon 13 Feb 12

Sadly Forest are so dire theres no way they will finish above the skates, nor will Doncaster. So its up to Coventry and theres not much hope there either.

I reckon they have had a look at the dross in the bottom three and thought "nows a good time to rob St Johns Ambulance again lads"

Linesman says...
8:14pm Mon 13 Feb 12

sotonbusdriver wrote:
sarfhamton wrote:
I think it will be a tragedy if Pompey go out of Business, the FA should be ashamed of themselves.

The fans, the staff (not all mega money players remember), local suppliers and taxpayers will be punished if they go.
Yeah, the RED LIGHT District will have to rely solely on the Navy for business now.
Would they be able afford the trip to Derby Road?

rob the saint in NZ says...
8:22pm Mon 13 Feb 12

Linesman wrote:
sotonbusdriver wrote:
sarfhamton wrote: I think it will be a tragedy if Pompey go out of Business, the FA should be ashamed of themselves. The fans, the staff (not all mega money players remember), local suppliers and taxpayers will be punished if they go.
Yeah, the RED LIGHT District will have to rely solely on the Navy for business now.
Would they be able afford the trip to Derby Road?
They wouldn't get past Border Control at Junction 9 on the M27!

OSPREYSAINT says...
8:24pm Mon 13 Feb 12

sotonbusdriver wrote:
sarfhamton wrote:
I think it will be a tragedy if Pompey go out of Business, the FA should be ashamed of themselves.

The fans, the staff (not all mega money players remember), local suppliers and taxpayers will be punished if they go.
Yeah, the RED LIGHT District will have to rely solely on the Navy for business now.
What Navy?

Costa Baz says...
8:26pm Mon 13 Feb 12

Gossie. wrote:
JohnItaly wrote:
Surely a second time in administration carries a penalty of 15 points at least. If the FA only deduct 10 pints then if I am right this would be a clear case of discrimination as other clubs falling into administration had more than 10 points deducted.
First Administration was in the Prem, different organisation so doesn't count.

Someone just put them out of their misery and give me a bl00dy good laugh
What I don't understand is even if the PL and FL are different organisations, how can the two administrations not be linked?

Is it only financial rules that separate the 2 organisations or are there other areas where they differ?.
For example, discipline?

By that I mean, when a player moves between teams in the PL and FL, does his disciplinary record follow him or does he start at his new club, under the leadership of a different organisation, with his record wiped clean?

For example, had Rickie Lambert been sold to a PL club after being sent off at Brighton, would his 3 match ban have stood or been expunged, as he was now playing under the leadership of a different organisation?

If it stands then it proves that both organisations are linked by virtue of applying disciplinary rules across the different divisions, with regards to individuals.

In my book this sets a precedent that indicates that offences under one organisation carry the same weight and penalty when under the other organisation.

Ergo, PFC's latest administration should be considered a 2nd offence in 2 years and penalised as such.

Bunman says...
8:40pm Mon 13 Feb 12

redsnapper wrote:
Bad Credit- Top 20 Cards Get Lowest Rate APR at 27.9%! Rebuild Your Credit Rating Today www.moneysupermarket .com/bad-credit Have to laugh this ad is on THEIR WEBSITE. http://www.portsmout hfc.co.uk/LatestNews /news/Portsmouth-Foo tball-Club-Statement -3117.aspx
PFC website advertises businesses based on what you've been searching for in search engines. Hope you manage to sort out your money woes too Redsnapper!

SinnerSaint says...
8:43pm Mon 13 Feb 12

Pompeyphil, blondebarefootrunner etc, look at your comments on this:

http://www.dailyecho
.co.uk/business/9501
555.Pompey_staff_not
_paid/

Read 'em and weep you filthy skate bar stewards!!!

likewatchingbrazil says...
9:15pm Mon 13 Feb 12

nickatbh16 wrote:
If Pompey bite the dust for good this time it will mean there results being removed, West ham-6,Cardiff-4 Saints-1,
Is this fair?
yep

Little Hitler says...
9:36pm Mon 13 Feb 12

Not that good news though as we wouldn't get the 3 points that we would undoubtably have got from our home match against the skates. Whilst we sit on our arses doing nothing all the others will have a game.

JOHN47DEAR says...
9:52pm Mon 13 Feb 12

I think Poopey are playing a very clever game in going into admin now, as previously stated, take a 10 point deduction now, they will be 4th from bottom with every chance of staying up.Has any other team that has had points deducted ever done this? Should be a 15 point deduction at the very least. The FA must be getting a bung from somewhere!!

Gary Clark says...
9:58pm Mon 13 Feb 12

Firstly my comments are nothing to do with the fact I'm a Saints fan, however whilst Portsmouth, Have failed to sell players (turned down offers in January) Owe The tax-man millions and also owe money to local businesses from the last time they went into administration, continue to loan players whilst failing to pay there own players, owe various players/Football clubs money is beyond me. They have manipulated the rules and I hope the Football league severly punish the club with more than 10pts as they continue to take the biscuit. I do not want any Football club to go out of business but fairs fair whilst Luton, Rotherham, Darlington Bournemouth Southampton and host of other clubs have been punished amd some clubs serverly then its only fair Portsmouth are giving the same if not more, twice in administration in a year is no laughing matter and just proves the club has sever financial problems that denies them from running the Football Club and sustaining the clubs finances to ensure the clubs run prudently.
Come on Football league and do the right punishment

Norwegian Saint says...
10:00pm Mon 13 Feb 12

So sad to see the blues go into Admin. I really wanted to see them avoid administration. They are full of history and the local rivalry is excellent.... Anyway.... enough about Rangers!
Poopey... haaaaahaaaarhaaarrrr
rhaaaaaarrrrrhaarrrh
ahahahaharrrrrharrrr
r.... you skate b'stards.
Come on FL..... hit them hard! Get this corrupt team out of this league.
Love Saints... hate cheating Poopey!

Dresnez says...
10:00pm Mon 13 Feb 12

Shame if Saints lose their sparring partner. It will remove allot of the fun out of the footie. However:
The tax bill for Pompey is for between £1.2million and £900,000.

Southampton owed more than £5.5m in council tax and business rates. Just to be even handed I quote both.

How come all these taxes are not being collected by HMRC before they get so large?

Please don't tell me Pompey will be let off paying this. Do I understand this is the second time they have defaulted on Tax - first in Feb 2010? Or is this the total of all tax owed? Gosh no wonder the country is in such a mess. I think they should pay their debts before they are allowed to regroup and play again at all.

Sorry Saints fans as I said I know you will miss your sparring partner awfully, but I struggle to pay my few hundred tax bill and the taxman don't let me off the hook. Actually maybe I spelled Pompey wrong and it should be Pompei.

Dresnez says...
10:29pm Mon 13 Feb 12

Oh I forgot Rosie47 - **** I should have got my pensions paid to Earl and Jasmine49 but I guess its not the same for cats.

Just heard another footie club Rangers going to admin cos they owe £75m to HMRC.

'the tribunal decided in favour of HM Revenue and Customs (HMRC), it "could result in liabilities and penalties substantially more than the £50m reported which the club would be unable to pay".

He was later reported as saying this could reach up to £75m.'

Never mind the pensioners are a soft touch HMRC

Dartom says...
10:40pm Mon 13 Feb 12

Will somebody buy that old dear a new battery for her chair she`s been stuck there for months!!

St Retford says...
10:43pm Mon 13 Feb 12

Does being in administration give them protection from having to meet the terms of the existing CVA, a bit like how Chapter 11 gives American companies protection from creditors? If so, this is pretty handy timing on their part, and they'll probably wipe another load of debt off to make themselves cheap enough to tempt some unscrupulous shyster into buying them, but the Football League can't just stand by and watch it happen because they're damaging the reputation of football and it won't be long before companies just stop selling services to football clubs across the board because of the perceived risk of not getting paid. And then, when we can't buy pies and beer at half time, we'll all be sorry.

florida saint says...
2:20am Tue 14 Feb 12

well another great day at krap nott arf . The fish heads gave me so much sh1t when we went into admin. oh how times have changed.Where do you start. Cutting there elecy off thats priceless. give em a key like everyone else.wheres arry when his spiritual home needs him. Hes fcuked off just like the fans.then you get john im a sk8 tw@t westwoods bird turning up at krap nott arf to pick him up on her mobility scooter.but knowone told her the gates are locked.great isnt it. i remember when s m s was being build the fish perverts were saying they burried a sk8 rag under the pitch . well my pal who does the unpaid catering at krap nott arf has buried a pie under he pen spot.actually it was a humble pie. i suggest they go and dig it up and have a big slice. theres enough to go round as he cut into four equal peices.you could go on forever what a bunch of pikies they are. now f l should relegate this shower of sh1t for being a total embarresment to our great game. u t s red aaarrrrrrrrrrmmyy

chapellady says...
7:12am Tue 14 Feb 12

10 pt deduction means nothing as they will wriggle their way out again. They will then be able to find another skint owner, continue to pay players salaries not affordable from the income generated from their shed and get away with not paying the tax man yet again. I worked in Fareham when Saints went into Admin and was given loads of abuse by so called Pompey fans who had never even been to a match, so what goes around etc. They should have the book thrown at them and be put out of their misery.

NORTHAM ROARS says...
7:31am Tue 14 Feb 12

People keep talking about an automatic -10 point deduction if you fall into administration- (or "file for administration") However if Portsmouth only get -10 points deducted they will be the luckiest bunch of crooks ever. The FA/football league have historically awarded at least -15 points for a 2nd drop into administration. (Remember the last order to pay back its debts has never even been paid they owe 17million for the ground and zillions to unpaid creditors from then.Local people!)
Look at : LEEDS, ROTHERHAM, LUTON TOWN, BOURNEMOUTH and others- all had a much bigger penalty applied. Do Portsmouth have insiders at the Football League? They make a mockery of it. Saints had to take the 10points - in the next season- meaning we were relegated and starting in DIV1 at the bottom. Portsmouth it appears are SUCH an embarassment that they really fear the club could actually CLOSE completely(!) and thus may be lenient! Either way its a joke- Apparently they haven't even paid the electricity bill for tonights game against IPSWICH- JOKE!! F/league should be ashamed if dont do right thing! -15 points min!

SPIKEISLANDTRADER says...
7:47am Tue 14 Feb 12

SPINELESS .... GUT AND FILLET ....
BYE BYE SKATE s

moulefanggoule says...
8:26am Tue 14 Feb 12

I think a lot of you posters above are a disgrace and sexist......There's no way you can tell that's a woman in the photo!! Fat with grey/blonde hair? Personally I think it's Rick Wakeman.

Seedhouse the Unrepentant says...
9:01am Tue 14 Feb 12

It's a fine wine, savour it don't gulp it. All things come to he who waits. Tick tock tick tock....

Saintsayer II says...
9:13am Tue 14 Feb 12

looks like Asia plate have got 4 live feeds for to-nights game

ToastyTea says...
9:41am Tue 14 Feb 12

Saintsayer II wrote:
looks like Asia plate have got 4 live feeds for to-nights game
Do you mean audio live feed or tv live feed ?

JohnItaly says...
9:55am Tue 14 Feb 12

NORTHAM ROARS wrote:
People keep talking about an automatic -10 point deduction if you fall into administration- (or "file for administration") However if Portsmouth only get -10 points deducted they will be the luckiest bunch of crooks ever. The FA/football league have historically awarded at least -15 points for a 2nd drop into administration. (Remember the last order to pay back its debts has never even been paid they owe 17million for the ground and zillions to unpaid creditors from then.Local people!) Look at : LEEDS, ROTHERHAM, LUTON TOWN, BOURNEMOUTH and others- all had a much bigger penalty applied. Do Portsmouth have insiders at the Football League? They make a mockery of it. Saints had to take the 10points - in the next season- meaning we were relegated and starting in DIV1 at the bottom. Portsmouth it appears are SUCH an embarassment that they really fear the club could actually CLOSE completely(!) and thus may be lenient! Either way its a joke- Apparently they haven't even paid the electricity bill for tonights game against IPSWICH- JOKE!! F/league should be ashamed if dont do right thing! -15 points min!
Could well be a hidden agenda here as far as the FA/Football League are concerned. Pompey are in so much trouble that if they were a business, other than as a football club, they would have gone under. If the FA/Football League "allowed" Pompey to fold and it would create a precedent that might start a chain reaction seriously embarrassing the football world with unpaid creditors pursuing other clubs whose financial position can best be describe as precarious

NORTHAM ROARS says...
10:19am Tue 14 Feb 12

It would be wrong if Bournemouth, Plymouth , Luton, Rotherham, Leeds Utd, and others got a harsh penalty and Portsmouth didn't. The precedents are set. What they chooose to do in next couple of days will show whether they are serious about sorting out clubs like Portsmouth -who are not fit nor proper!

OSPREYSAINT says...
10:20am Tue 14 Feb 12

moulefanggoule wrote:
I think a lot of you posters above are a disgrace and sexist......There's no way you can tell that's a woman in the photo!! Fat with grey/blonde hair? Personally I think it's Rick Wakeman.
That's going too far, it's not RW, no sign of an organ!

Lone Ranger. says...
11:37am Tue 14 Feb 12

NORTHAM ROARS wrote:
It would be wrong if Bournemouth, Plymouth , Luton, Rotherham, Leeds Utd, and others got a harsh penalty and Portsmouth didn't. The precedents are set. What they chooose to do in next couple of days will show whether they are serious about sorting out clubs like Portsmouth -who are not fit nor proper!
The 10 point deduction is automatic if a club goes into administration. So it applies as a minimum to any club.
.
The likes of Bournemouth, Luton, Leeds etc had additional serious irregularities which is why they were deducted more points.
.
Thats not to say that Pompeyy wont get additional points deductions at a later date when all of their cr@p is sorted out.

Costa Baz says...
11:49am Tue 14 Feb 12

St Retford wrote:
Does being in administration give them protection from having to meet the terms of the existing CVA, a bit like how Chapter 11 gives American companies protection from creditors? If so, this is pretty handy timing on their part, and they'll probably wipe another load of debt off to make themselves cheap enough to tempt some unscrupulous shyster into buying them, but the Football League can't just stand by and watch it happen because they're damaging the reputation of football and it won't be long before companies just stop selling services to football clubs across the board because of the perceived risk of not getting paid. And then, when we can't buy pies and beer at half time, we'll all be sorry.
I'm not sure what happens regarding the existing CVA, but I did read on a Poopey forum that should PFC fail to meet the requirements of the existing CVA and miss a payment, the creditor(s) would be able to reinstate the full value of their original debt.
Don't know if that is true, but if it is HMRC would be able to reclaim the FULL amount PFC didn't pay last time, which was a ridiculous amount (70m??).
Ok PFC wouldn't be able to pay it, but they wouldn't get a buyer either.

moulefanggoule says...
12:47pm Tue 14 Feb 12

OSPREYSAINT wrote:
moulefanggoule wrote: I think a lot of you posters above are a disgrace and sexist......There's no way you can tell that's a woman in the photo!! Fat with grey/blonde hair? Personally I think it's Rick Wakeman.
That's going too far, it's not RW, no sign of an organ!
Good point! Also no wizards outfit. Rick is a good man so probably wouldn't be seen dead in pompey. He's too classy.

OSPREYSAINT says...
12:55pm Tue 14 Feb 12

moulefanggoule wrote:
OSPREYSAINT wrote:
moulefanggoule wrote: I think a lot of you posters above are a disgrace and sexist......There's no way you can tell that's a woman in the photo!! Fat with grey/blonde hair? Personally I think it's Rick Wakeman.
That's going too far, it's not RW, no sign of an organ!
Good point! Also no wizards outfit. Rick is a good man so probably wouldn't be seen dead in pompey. He's too classy.
He has been to the Ferneham, but has to draw the line somewhere!

dango says...
1:04pm Tue 14 Feb 12

Little Hitler wrote:
Sussex Saint wrote:
Portsmouth heading for administration... rather than pay their bills
I think the funniest line above was this one:

'Among these, the club needs to pay their electricity supplier in order to avoid being cut off'

How pikey is that!
Southern Electric were there this morning installing a key meter!

JohnItaly says...
2:41pm Tue 14 Feb 12

Whilst it is sad to see an business fail the total failure of a club from the Premier or Championship leagues would, I believe, bring a stark reality check to all the other clubs that are sailing close to the financial wind and may bring a degree of common sense to how the other clubs approach their finances. For a start sensible salary policies. I very much doubt if any of the business men who own/run a football club would ever allow the salary bill to be such a high percentage of turnover with their own businesses as is the case of most of the senior clubs.

Lone Ranger. says...
3:19pm Tue 14 Feb 12

Costa Baz wrote:
St Retford wrote:
Does being in administration give them protection from having to meet the terms of the existing CVA, a bit like how Chapter 11 gives American companies protection from creditors? If so, this is pretty handy timing on their part, and they'll probably wipe another load of debt off to make themselves cheap enough to tempt some unscrupulous shyster into buying them, but the Football League can't just stand by and watch it happen because they're damaging the reputation of football and it won't be long before companies just stop selling services to football clubs across the board because of the perceived risk of not getting paid. And then, when we can't buy pies and beer at half time, we'll all be sorry.
I'm not sure what happens regarding the existing CVA, but I did read on a Poopey forum that should PFC fail to meet the requirements of the existing CVA and miss a payment, the creditor(s) would be able to reinstate the full value of their original debt.
Don't know if that is true, but if it is HMRC would be able to reclaim the FULL amount PFC didn't pay last time, which was a ridiculous amount (70m??).
Ok PFC wouldn't be able to pay it, but they wouldn't get a buyer either.
The existing CVA values are the ones that have been agreed. Therfore it does not revert back to the original value.
.
So if a company agreed to accept £200 from a £5,000 debt then its the £200 that is the debt value

ToastyTea says...
4:04pm Tue 14 Feb 12

I hope the club and their fishy fans rot in hell.

BenJovi says...
4:49pm Tue 14 Feb 12

JohnItaly wrote:
Surely a second time in administration carries a penalty of 15 points at least. If the FA only deduct 10 pints then if I am right this would be a clear case of discrimination as other clubs falling into administration had more than 10 points deducted.
Only deducting 10 pints is **** right unfair. It should be at least 20 with a few whiskey chasers and at least 5 bags of pork scratchings for being such cheats.

costa gaz says...
9:31am Wed 15 Feb 12

The self proclaimed greatest fans in the universe obviously couldn't care less.... Around 12,000 of the fratton unfaithful bothered last night (+ a couple of thousand from suffolk)
Their Pack The Park campaign was supposed to show a prospective buyer that he was buying a potential giant of a football club...........

olddellsaint says...
1:10pm Wed 15 Feb 12

I can remember when Saints went into administration, the pompey fans took the p@**@. all I got to say about poor old pompey;

'OH DEAR-WHAT A SHAME- NEVER MIND'

SPIKEISLANDTRADER says...
7:23am Thu 16 Feb 12

LIGHTS ARE OUT
ROTTEN FISH STINKS
BUT ENJOY THE AROMA OF SKATES BIGGEST D E F E A T .. R.I.P.

SinnerSaint says...
10:15am Thu 16 Feb 12

Brilliant work by a Saints fan:

http://www.youtube.c
om/watch?v=yLEr8dQKp
vY&sns=fb

NORTHAM ROARS says...
11:03am Thu 16 Feb 12

After hearing about th disgusting TWITTERS aimed at Billy Sharp ( and his tragic personal loss) by Pompey Scum this club deserves all it gets in spades. They are paying now for dealing with criminals and money launderers. They deserve demotion a huge points deduction and relegation! SHAME ON THEM!

NORTHAM ROARS says...
11:13am Thu 16 Feb 12

Pompey - Everything that is Bad about football.

costa gaz says...
5:09pm Thu 16 Feb 12

No money for a scan for their injured captain.
The locks have been changed by the company that stores their equipment at their training ground.
Also they have to get the bus to barnsley as they cant afford to fly.
But hey..... they've still got the best fans in the world hehehe

NORTHAM ROARS says...
9:09pm Thu 16 Feb 12

costa gaz wrote:
No money for a scan for their injured captain.
The locks have been changed by the company that stores their equipment at their training ground.
Also they have to get the bus to barnsley as they cant afford to fly.
But hey..... they've still got the best fans in the world hehehe
Sorry to be picky but they dont actually have their OWN training ground. ;-) But then again they dont own FRATTON PARK, they dont own the LAND, they dont have an ACCADEMY (they dont know what it is) they dont have enough to pay for a SCAN. How will they get to Barnsley? More credit when the bank accounts are unfrozen tommorow when they get put back into administration? I noticed that the Football league are voicing that they were "conned" by the previous Criminal owner.... Is this a prelude to let them off with just 10 points or paving the way to aa more rightful -15 points or worse? They have been silent until today - so its one or another. But two Key Pompey players crocked against Ipswich - will they still exist to play the Saints Next month I wonder....wil they drift on as they did before to the lifeline of close season.....

NORTHAM ROARS says...
9:12pm Thu 16 Feb 12

(sorry April) - hey they may really may be bust by then!

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