Search results

apologies - try again :rolleyes: Chainrai May Return Again By Jim Bonner Updated Thursday, 26th April 2012 Portsmouth RSS Feed Former owner "will not allow" Pompey to go bust. Balram Chainrai may well reluctantly own Portsmouth Football Club again after his representative at the football...

Interesting article on the lingering death of an erstwhile football club (now merely a vehicle for moving and making money) http://www.portsmouth-mad.co.uk/news/tmnw/chainrai_may_return_again_741705

They will have a further points deduction imposed if they fail to come out of administration via a CVA before the start of next season. In that event the points deduction is likely to be 15 points or (potentially) significantly more depending on the circumstances. Should that be the situation...

Portsmouth fans think they will still have a core attendance of around 8000. Pie in the sky! But even at a more realistic 3000 to 4000 at home and 1000 away (given all games would be local) they are a massive financial attraction to clubs at that level who would probably queue up to welcome...

I believe there is something like a 28 day window from the collapse into liquidation, and the formation of the phoenix club to claim the golden share. No more than that I am sure which is why what one might term the true fans are well advanced with their Plan B. Whether it is realistic as they...

a little titbit for your delectation on this fine sunny morning - I hope it will cheer you on your way :lol: Portsmouth FC's former Chief Executive (sacked last week) David Lampitt is currently in Genoa "chasing £300K which MAY be owed for the transfer of Kevin-Prince Boateng in 2010. The...

theoretically although my understanding is that they still owe ticket sales money to clubs from 2 years ago. I may be wrong but I suspect that may have something to do with Reading's reaction to allowing them to handle ticket sales direct.

In the context of chronicling the demise of Portsmouth Football Club that is sheer f***ing poetry!

In all reasonable probability we won't see a penny of it but the cash sales their end will contribute to them limping on to the end of the season. If that happens and we make the play-offs it will turn out to be a very fair investment

Interesting commentary here.......... Is that a death knell I hear ringing (well hopeully not for a couple of months yet anyway)? American businessman Vince Wolanin has tonight issued a statement saying they are not in a position to mount a takeover. He and partner Brian Howe, former frontman...

My strongest suggestion is that Portsmouth will kick off next season in league one on minus twenty points if they are lucky and can find a new owner. If they can't find a new owner I think they will be out of business and starting again in (at best) Conference South. Very interesting to read...

HMRC agree with you 100% (as do I FWIW) so you are in very good company but the football league have a "preferred creditor" rule which prioritises football debts and aims to keep the money "within the (football) family". The money owed to Gaydamark as the former owner is classified as a football...

a legally binding agreement is just that and the PL (in this case) are not - as far as I can see - in any position to challenge it*. The irony that such a legally binding agreement made by one (oft called) crook, Mr Chanrai, to pay another crook, Gaydamark, should be the means by which a club...

If, under the new CVA, they pay 100p in the pound on the first CVA and a lesser amount on subsequent debts then the first CVA could be said to still be effectively in place - could happen and yes the 4p is just a number for now

Two threads today on which to plot and record the imminent demise of the once great (best supporters in the land) Portsmouth football club, and a very valid point indeed from Papa Lazarou. Football League regulations require that a club exiting administration "must do so via a valid CVA". My...

Sad commentary from the administrator....................... Birch also reiterated concerns that the club may not have enough money to get them through until the end of the season. "Unless something significant happens, there is a real possibility that we may not be able to fulfil the season’s...

My understanding is that Portsmouth still have outstanding debts to other clubs from last season for ticket sales and quite possibly from the season before - no club that has played Portsmouth at home this season will have recieved any payment for tickets sold. They are, however, required to...

no not me but I think some of my comments may have been lifted :) The more the merrier as far as I am concerned :lol:

under current rules and as applied to Portsmouth they can only be deducted 10 points this season. There would be a further, harsher, penalty should they fail to come out of administration before the start of next season or if they exited admin other than through a CVA (used to effectively...

With an immediate gap being created between Portsmouth and safety it is good to report that the intention of a 10 point penalty is at least working in this case. Meanwhile it looks as if Port Vale will yet again use administration to escape liquidation in the next few days. Their fans are...