Pompey hearing delayed until this afternoon (From Daily Echo)

Could we be the team who beats Pompey before they disappear....
....Just like that! Tommy Cooper.

**** off pompey...... pompey **** off...
Hope you fold and die today.
Dirty little bent club, an embarresment to Hampshire.
COYR

Wouldn't it be great that in the pompey history books and would be stuck in pompey fans minds forever 'The last ever game that Portsmouth played was in the fith round of the FA cup losing 3-0 to Southampton'!!

Gonna Die, Gonna Die,
Portsmouth FC is gonna die,
Agent Harry won the cup,
Now he's getting you wound up,
All we know is Pompeys gonna die!

Ha Ha Ha Ha

Why do they feel that they are a special case? Is it because they are a Premiership team and normal rules do not apply?
The bottom line is that any company that fails to pay its way "has" to pay the penalty, excuse the pun!
For too long now they have been living beyond their means, they've been found out! I just wish that PFC and its knuckle-dragging supporters would stop this continuous whining and pay up and not play up!
We took our punishment on the chin and got on with it, now look at us! It makes you proud to be a Saints fan!

Dirty little thieving club, with the self proclaimed "best fans in the country"
(how many last night?)

By law the club should be wound up today, however a 28 day period to find the cash will be the likely outcome.

Clearly HMRC are not satisfied with the proposed payment structure being put forward by Storrie, otherwise they would have come to some sort of agreement by now.
HMRC has no doubt been made aware of the clubs inability to pay their wage bill on schedule, so will not give too much credence to offers made by Pompey to pay on certain dates.
We must also remember that everytime pay day comes round, Pompey are duty bound to collect tax for HMRC, so the tax bill, if left unpaid, grows each month.
Then, of course, there are National Insurance contributions as well as VAT.
Love the sw debt-miss

Costa Baz wrote:
Clearly HMRC are not satisfied with the proposed payment structure being put forward by Storrie, otherwise they would have come to some sort of agreement by now.
HMRC has no doubt been made aware of the clubs inability to pay their wage bill on schedule, so will not give too much credence to offers made by Pompey to pay on certain dates.
We must also remember that everytime pay day comes round, Pompey are duty bound to collect tax for HMRC, so the tax bill, if left unpaid, grows each month.
Then, of course, there are National Insurance contributions as well as VAT.
Love the sw debt-miss

All this is happening during the season when they have gate money etc. What will happen in the close season once the cash influx dries up ?

Anything they do or agree today will just prolong the inevitable..... they're going bust !!

Surely a time for some appropriate chants on Saturday.
I'll start :
"Bankrupt Pompey . . .Pompey Bankrupt"
or how about:
"Pay in a brothel,
you couldn't pay in a brothel . . ."

On a second point, the report is quoting the fact that Notts County asked for and received a 28 day adjournment, but how similar are the cases?
Are the sums of money owed similar and have Notts County defaulted on wage payments and other payments etc in the same manner as Portsmouth?
I no doubt HMRC and the judge will also take into account Pompey's income, especially their gate money.
If that happens they will see that Pompey, despite being in the Premier League are not able to draw sufficient numbers to their home games to fund their expenditure, despite the millions they receive from Sky, so the lethargy of their own supporters could be the final nail in their coffin.
How ironic would that be?

Costa Baz wrote:
On a second point, the report is quoting the fact that Notts County asked for and received a 28 day adjournment, but how similar are the cases?
Are the sums of money owed similar and have Notts County defaulted on wage payments and other payments etc in the same manner as Portsmouth?
I no doubt HMRC and the judge will also take into account Pompey's income, especially their gate money.
If that happens they will see that Pompey, despite being in the Premier League are not able to draw sufficient numbers to their home games to fund their expenditure, despite the millions they receive from Sky, so the lethargy of their own supporters could be the final nail in their coffin.
How ironic would that be?

empty seats when they were celebrating their goal last night! HMRC have rejected cash offer so it goes to court today! Administration must be the only way out! how many more chances can they give a bankrupt club that can't pay any debts?

I bet they get a 28-day adjournment or go into administration, but they will have to convince the court that their position will improve. If wound up, have they any assets to pay even a fraction of debts. We're on our way to Wembley....sorry off thread but couldn't help it!

No, they don't have a huge amount of assets, so administration is more likely, whether today or next month.

Costa Baz wrote:
Clearly HMRC are not satisfied with the proposed payment structure being put forward by Storrie, otherwise they would have come to some sort of agreement by now. HMRC has no doubt been made aware of the clubs inability to pay their wage bill on schedule, so will not give too much credence to offers made by Pompey to pay on certain dates. We must also remember that everytime pay day comes round, Pompey are duty bound to collect tax for HMRC, so the tax bill, if left unpaid, grows each month. Then, of course, there are National Insurance contributions as well as VAT. Love the sw debt-miss

The winding up is not a foregone conclusion. Pompey have settled with the two other creditors that supported the petition. They have now been able to demonstrate that they have attempted to settle out of court with a proposed payment schedule. (This is something that is advocated by the judiciary and will work in their favour) Realistically I think they will get a stay of execution for 28 days on the basis of potential new investment. The HMRC will no doubt be making a very strong case for the judge to ignore these overtones made by a man who himself is under investigation by the HMRC. By law they should be wound up as they should be judged like any other business that has failed and will continue to fail, running up debts that they are unable to service, thereby trading whilst insolvent.
On the rumour front... (On very good authority) an ex Pompey player and coach have been approached for positions in a local portsmouth club that is to re-named and is on the brink of huge investment depending on the outcome of this judgement. Administration is not an option for Portsmouth FC - They have no assets. A phoenix club in the same vein as AFC Wimbledon is their only future should they lose today. Portsmouth fans are on the brink of being served up Wessex league football on a Saturday afternoon.

Ted Rogers wrote:

Costa Baz wrote: Clearly HMRC are not satisfied with the proposed payment structure being put forward by Storrie, otherwise they would have come to some sort of agreement by now. HMRC has no doubt been made aware of the clubs inability to pay their wage bill on schedule, so will not give too much credence to offers made by Pompey to pay on certain dates. We must also remember that everytime pay day comes round, Pompey are duty bound to collect tax for HMRC, so the tax bill, if left unpaid, grows each month. Then, of course, there are National Insurance contributions as well as VAT. Love the sw debt-miss

The winding up is not a foregone conclusion. Pompey have settled with the two other creditors that supported the petition. They have now been able to demonstrate that they have attempted to settle out of court with a proposed payment schedule. (This is something that is advocated by the judiciary and will work in their favour) Realistically I think they will get a stay of execution for 28 days on the basis of potential new investment. The HMRC will no doubt be making a very strong case for the judge to ignore these overtones made by a man who himself is under investigation by the HMRC. By law they should be wound up as they should be judged like any other business that has failed and will continue to fail, running up debts that they are unable to service, thereby trading whilst insolvent. On the rumour front... (On very good authority) an ex Pompey player and coach have been approached for positions in a local portsmouth club that is to re-named and is on the brink of huge investment depending on the outcome of this judgement. Administration is not an option for Portsmouth FC - They have no assets. A phoenix club in the same vein as AFC Wimbledon is their only future should they lose today. Portsmouth fans are on the brink of being served up Wessex league football on a Saturday afternoon.

Oh god i hope so..
AFC Portsmuff??.
Portsmuff Rovers??

ludachris wrote:

Ted Rogers wrote:

Costa Baz wrote: Clearly HMRC are not satisfied with the proposed payment structure being put forward by Storrie, otherwise they would have come to some sort of agreement by now. HMRC has no doubt been made aware of the clubs inability to pay their wage bill on schedule, so will not give too much credence to offers made by Pompey to pay on certain dates. We must also remember that everytime pay day comes round, Pompey are duty bound to collect tax for HMRC, so the tax bill, if left unpaid, grows each month. Then, of course, there are National Insurance contributions as well as VAT. Love the sw debt-miss

The winding up is not a foregone conclusion. Pompey have settled with the two other creditors that supported the petition. They have now been able to demonstrate that they have attempted to settle out of court with a proposed payment schedule. (This is something that is advocated by the judiciary and will work in their favour) Realistically I think they will get a stay of execution for 28 days on the basis of potential new investment. The HMRC will no doubt be making a very strong case for the judge to ignore these overtones made by a man who himself is under investigation by the HMRC. By law they should be wound up as they should be judged like any other business that has failed and will continue to fail, running up debts that they are unable to service, thereby trading whilst insolvent. On the rumour front... (On very good authority) an ex Pompey player and coach have been approached for positions in a local portsmouth club that is to re-named and is on the brink of huge investment depending on the outcome of this judgement. Administration is not an option for Portsmouth FC - They have no assets. A phoenix club in the same vein as AFC Wimbledon is their only future should they lose today. Portsmouth fans are on the brink of being served up Wessex league football on a Saturday afternoon.

Oh god i hope so.. AFC Portsmuff??. Portsmuff Rovers??

Mk skates

Cardiff and Southend have been adjourned for 28 days, so I imagine that Pompey will be the same....

Ozmosis wrote:
Cardiff and Southend have been adjourned for 28 days, so I imagine that Pompey will be the same....

Apparently they came to an agreement with HMRC prior to the court case, which pompey didn't.

Poopey att last night 16,000 - they are still losing money even when they play at home!!!!!

I hate the fish-fondling F#ckers as much as anyone.
I am currently overseas and am travelling back to the UK purely for the big Game on Sat. But whilst not wanting send out a Red & White signal of concern, I would without doubt miss the rivalry that is so strong, it pulls me back to ensure I wouldn’t miss it.
Were they to go down the sh!tter today, you can pretty much guarantee that there will be no match on Saturday, as they will be wound up with immediate effect. Make no bones about it, the VAT Man is not interested in other creditors, as in the event of the club going into administration they are at the bottom of the pile for pay outs. Whereas, if they are wound up, they get first dibs on the Assets.
To that end, I would love to see them go into administration, get relegated, and also get deducted the points next season. Thus, giving us the time to climb back into the Championship to play them/beat them on a regular basis 
Can't believe that the Mighty Saints had 30,000 turn out for last night’s game, the Scumpey few couldn’t even muster 15,000 for the biggest game of their lives 

poopey have 7 days as of friday to draw up and submit a statment of thier financial affairs...whatever that means.....at least we have a chance to drop the lid on the box when staurday comes....we all need to have on our best voices when the sk8s come to town....COYRs...

Play up Pompey :) 9 days to sort it out and knock The Saints out of the cup. 2 leagues below us not a problem. And thanks to Pompey you will have to sell outs in 1 season. See we do help you out. See u Saturday