Interestingly, the administrator has said that if HMRC win their legal challenge against Football Creditors Rule, he will immediately make redundant the highest-paid players.
There'll be a "window" between the initial ruling and any appeal in which he can do this - under FCR there's no...
[As I posted in another thread but it's relevant here] Because the whole thing about these "sporting sanctions" is that they were introduced as a deterrent to stop clubs over-spending etc, with the idea they'd never be used. The fact they have been used so many times shows just how crap they...
Rules have changed since Aldershot and Wimbledon- the FA's "Leagues Committee" rules on the most appropriate league for teams which are deemed to be "continuations of previous clubs" to start in - and informal discussions with them suggest Tier 6 would be the starting level for a Plan B Pompey.
The above scenarios assume they either get bought or stay in administration for ever - and the latter isn't going to happen.
So their long-term future has got to be a major question - any buyer will be buying a club with no assets apart from the players (and I use the word "assets" in its...
I thought the money they were getting was the "basic payment" from the Football League that all Championship clubs get. Payments stopped when they went into administration, so they are behind on receiving this.
So it's nothing early and nothing extra - just what they're due anyway. And the FL...
But that doesn't factor in the debt and liabilities hanging over them. The going price in cash to buy Pompey is probably zero - but as well as the club you get the debt.
Indeed, but that will take a while to be resolved, and almost certainly won't be a retrospective judgement. In any case, the report on the DCMS enquiry into the governance of football has committed to the removal of FCR, by legislation if necessary. But agin that takes time.
Hence me saying...
Depends on the timing - there might be a vacancy in the Championship to fill when they go bust, so everyone at Conf South or above would move up one place t fill that - but that needs the relegation and phoenix club to happen at the same time.
In practice they'd either hope someone in Conf...
Don't forget that payment for tickets is a "football debt" so under the Football Creditors rules Albion will be entitled to 100% of this money under any CVA. So they won't just be any other creditor.
Actually getting it could quite well be a different thing, though - which is presumably...
The clarify some of the above comments, a "phoenix" Portsmouth wouldn't start at the very bottom of the pyramid. If the Leagues Committee of the FA assesses them to be a "continuation of a previous club" (very likely) then they would be assigned the most appropriate league level to start in...
Yes, but he also has to have a view to a sale "as a going concern" and so maximising revenue for the creditors - and the prospects of a sale of a Tier 2 club is likely to bring in a higher potential value than a Tier 3 one.