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It's almost funny how far they have sunk in terms of professional standards and financial management, but seemingly will 'get away' with it. Clear the decks/debt, avoid relegation, start afresh in the SAME BLOODY DIVISION with a fresh crop of well paid players, and the cycle of debt begins again.

Possible future suffering?

I guess many feel sympathy for many of the fans, but not the 'club' as a whole.

I asked on the other thread, but how can they escape further sanctions of they are basically defaulting on the original CVA?

I think it may have been mentioned.

I see Pompey have signed a couple of players on loan....

Rob Harris on twitter last night said that the administrator has asked the players to defer wages for now as the club could run out of cash in 2 months, and its survival is a serious risk. The key question is whether the administrator will be able to sell the club as a viable going concern...

Ideally they'll manage to get relegated with just the -10 points, and THEN fail to exit via the CVA and get a bunch more in League 1. As I've said before, is there anything about how Pompey have been run that appears legitimate/good practice?

So, is that it then - Pompey saved, or are there more twists in this sordid tale?

So much for almost going out of business

See? There is no God.

If they end up owing us money, would it be classed as a preferential football debt, or would be get a vote on whether to accept the 1-10p in the £ they offer?

Yes, depending on how it pans out, I would expect rumblings of legal challenges from those 3 if Pompey are seen to be getting away with it.

We shouldn't release any tickets without cash up front, definitely.

Sounds like they're going to get the biggest slice of luck possible. Remove most of their debt with no punishment at all...

It would seem increasingly unlikely

this. As Jimmy Greaves liked to say"it's a funny old game".

Makes me wonder if Tony has it all wrong. Even 10p in the £ would save him over 90MILLION

It gives a very narrow period of breathing space though, as the £2.5m can't cover all their commitment surely? Player Wages and back pay Current Tax Owing Money promised to previous creditors It's just delaying the inevitable.

Mental :shrug: