Pompey's winding up order & other clubs finances

Does exactly what it says on the tin - the forum for football-related discussion.

Moderators: Lost Hammer, bonehead, chalks, goes2eleven, Alf Garnett's (Ex) Missus, bristolhammerfc, Wheels, sicknote, Romford, Rio, Gnome, Northern Paulo

Re: Pompey winding up order - what are the rules ?

Postby Favhammer on Wed Jan 20, 2010 12:57 pm

what are the rules concerning points won or lost against them in matches already played ?[/quote]

The rule seems to be that any very wealthy fudge packing snot dribbling cum drenched centre halves can take them to the cleaners to further compound the misery bought on by over spending zealots of ex managers and owners who's main life task is to line their own pockets and fiddle punters and tax man alike !! other than that I don't know. :evil:
User avatar
Favhammer
 
Posts: 505
Joined: Mon Jul 14, 2003 1:40 pm
Location: Kent Faversham/ udon thani

Re: Pompey winding up order - what are the rules ?

Postby Big_Russ on Wed Jan 20, 2010 1:05 pm

Expunged... hmm yes PP it is very satisfying!!

:lol:
User avatar
Big_Russ
 
Posts: 4676
Joined: Thu Mar 27, 2008 11:50 am
Location: In the "Fit for Life" thread cuddling WG.

Re: Pompey winding up order - what are the rules ?

Postby the pink palermo on Wed Jan 20, 2010 2:27 pm

.
Last edited by the pink palermo on Thu Dec 29, 2011 11:46 pm, edited 1 time in total.
User avatar
the pink palermo
Huge noggin
 
Posts: 21683
Joined: Thu Sep 03, 2009 12:00 pm
Location: Assets on the pitch

Re: Pompey winding up order - what are the rules ?

Postby bobd_uk on Wed Jan 20, 2010 2:32 pm

I don't think they'll go during this season. I can definitely see them not being about come the start of next.

Feb 10 is the hearing - result of which will be mid-Feb. They'll probably appeal in March, drag it out till April and go bang in May/June.
bobd_uk
 
Posts: 4891
Joined: Tue Jan 07, 2003 12:27 pm

Re: Pompey winding up order - what are the rules ?

Postby Hampshire Hammer on Wed Jan 20, 2010 2:54 pm

bobd_uk wrote:I don't think they'll go during this season. I can definitely see them not being about come the start of next.

Feb 10 is the hearing - result of which will be mid-Feb. They'll probably appeal in March, drag it out till April and go bang in May/June.


TBH "the football authorities" would probably prefer that scenario as it is easier to deal with, whether various creditors would go for it is a different matter. Once they realise that the company is likely to fail they will all be leaping in and Pompey will struggle to keep going as everyone will want paying in advance from St. Johns ambulance and the firm that supplies their pies to the electricity suppliers.
User avatar
Hampshire Hammer
 
Posts: 4362
Joined: Mon Jul 14, 2003 3:18 pm
Location: Somewhere south of sanity

Re: Pompey winding up order - what are the rules ?

Postby the pink palermo on Wed Jan 20, 2010 2:56 pm

bobd_uk wrote:I don't think they'll go during this season. I can definitely see them not being about come the start of next.

Feb 10 is the hearing - result of which will be mid-Feb. They'll probably appeal in March, drag it out till April and go bang in May/June.


I don't think it's necessarily the courts that will do them , I just think they will run out of cash .

Safest bet of the month is their players won't get paid at the end of the month .

But you could be right .
User avatar
the pink palermo
Huge noggin
 
Posts: 21683
Joined: Thu Sep 03, 2009 12:00 pm
Location: Assets on the pitch

Re: Pompey winding up order - what are the rules ?

Postby linkstatic71 on Wed Jan 20, 2010 3:08 pm

If they do go belly up, i bet you the first thing you will hear is a certain Kevin McC**t stating that the vacant position in the league is theres by right!!
User avatar
linkstatic71
 
Posts: 621
Joined: Thu Jul 17, 2003 4:16 pm
Location: On the green an crinkley no more!! Now a scurvy riddin land lubber living just outside of Pompey!!!!

Re: Pompey winding up order - what are the rules ?

Postby otter_of_despair on Wed Jan 20, 2010 3:33 pm

Sure I heard somewhere that if they were actually going bust before the end of the season the football league would loan them the minimum amount required to stagger on til the end of the season. Would be far too much aggro and Tevezgate style recriminations otherwise.
User avatar
otter_of_despair
 
Posts: 915
Joined: Tue Dec 06, 2005 10:08 pm
Location: 90% apathy

Re: Pompey winding up order - what are the rules ?

Postby bobd_uk on Wed Jan 20, 2010 3:40 pm

If I were running Portsmouth right now, I'd just transfer list the entire squad and sell anyone. At the end of the day they could pay their debts, field some kids, maybe take a couple of relegations and end up in League 1 or 2. The alternative is ceasing to exist. Not a great decision, but I know which I'd prefer.
bobd_uk
 
Posts: 4891
Joined: Tue Jan 07, 2003 12:27 pm

Re: Pompey winding up order - what are the rules ?

Postby Ted Fenton on Wed Jan 20, 2010 3:46 pm

Hampshire Hammer wrote:All correct as I understand it; However when my son and I were discussing we realised that this will probably have to filter down through the leagues, as there will only be two clubs dropping to the Championship. They can't tell league one that one less team is to be promoted can they? League officials frantically thinking at the moment I suspect.


Should Portsmouth cease to exist (which I feel unlikely) there could be 'filtering down' ....
PL relegate 2, Championship promote 3 = PL back to 20 teams
Championship relegate 2, L1 promote 3 = Championship back to 24 teams
etc
etc
ad inifinitum :lol:
User avatar
Ted Fenton
 
Posts: 2847
Joined: Mon Nov 03, 2003 9:28 am
Location: Rural Andalucia, sunny southern Spain

Re: Pompey winding up order - what are the rules ?

Postby the pink palermo on Wed Jan 20, 2010 3:51 pm

.
Last edited by the pink palermo on Thu Dec 29, 2011 11:47 pm, edited 1 time in total.
User avatar
the pink palermo
Huge noggin
 
Posts: 21683
Joined: Thu Sep 03, 2009 12:00 pm
Location: Assets on the pitch

Re: Pompey winding up order - what are the rules ?

Postby johnu175 on Wed Jan 20, 2010 3:53 pm

Just to give chapter and verse on the answer to the question that began this thread, the Premier League rules can be found at http://www.premierleague.com/staticFiles/bd/3b/0,,12306~146365,00.pdf Rule 29 states
If any Club ceases during the Season to be a member of the League, the record of the League
Matches in which it has participated that Season shall be expunged from the table and the
number of Clubs to be relegated at the end of that Season shall be reduced so as to maintain
at 20 (or, if less, as near thereto as may be) the number of Clubs in membership of the League
at the beginning of the next Season.
User avatar
johnu175
 
Posts: 209
Joined: Sun May 06, 2007 7:20 pm
Location: Chingford

Re: Pompey winding up order - what are the rules ?

Postby Hampshire Hammer on Wed Jan 20, 2010 3:59 pm

Hampshire Hammer wrote:All correct as I understand it; However when my son and I were discussing we realised that this will probably have to filter down through the leagues, as there will only be two clubs dropping to the Championship. They can't tell league one that one less team is to be promoted can they? League officials frantically thinking at the moment I suspect.


Ted Fenton wrote:Should Portsmouth cease to exist (which I feel unlikely) there could be 'filtering down' ....
PL relegate 2, Championship promote 3 = PL back to 20 teams
Championship relegate 2, L1 promote 3 = Championship back to 24 teams
etc
etc
ad inifinitum :lol:


Every cloud has a silver lining and all that, may mean my sunday league team only have to finish 3rd to be promoted then? :lol:
User avatar
Hampshire Hammer
 
Posts: 4362
Joined: Mon Jul 14, 2003 3:18 pm
Location: Somewhere south of sanity

Re: Pompey winding up order - what are the rules ?

Postby mattjp on Wed Jan 20, 2010 4:31 pm

For our sake it wouldn't bode too well if Pompey went out of business before the end of the season. If you wipe their results from the record we'd take a bit of a hit compared to our rivals down at the bottom. ****ing through Pompey's results, they've beaten Burnley, Wigan and Wolves and drawn with Hull, although they have lost to Bolton and Blackburn.
User avatar
mattjp
 
Posts: 2330
Joined: Fri Dec 23, 2005 11:15 am
Location: Chelmsford

Re: Pompey winding up order - what are the rules ?

Postby sicknote on Wed Jan 20, 2010 4:32 pm

and he wonders why he's disliked throughout football

sol campbell sues pompey

http://news.bbc.co.uk/sport1/hi/footbal ... 469950.stm
User avatar
sicknote
Plumbing the depths
 
Posts: 24930
Joined: Wed Dec 04, 2002 10:34 pm
Location: looking out of my secret nuclear bunker

Re: Pompey winding up order - what are the rules ?

Postby Hampshire Hammer on Wed Jan 20, 2010 4:48 pm

sicknote wrote:and he wonders why he's disliked throughout football

sol campbell sues pompey

http://news.bbc.co.uk/sport1/hi/footbal ... 469950.stm" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false;


How to endear himself even more with football fans generally.

IMO This will be pompey's problem, more and more people whom they owe money to will either ask for money back or refuse to do more business with them. This is probably to do with getting himself on the creditors list if they do go into admin?
User avatar
Hampshire Hammer
 
Posts: 4362
Joined: Mon Jul 14, 2003 3:18 pm
Location: Somewhere south of sanity

Re: Pompey winding up order - what are the rules ?

Postby CrackSabbath on Wed Jan 20, 2010 4:57 pm

I wonder what will happen to the Twat in the Hat & his cowbell. Will he be expunged as well? :think:
User avatar
CrackSabbath
 
Posts: 67
Joined: Thu Jul 19, 2007 4:33 pm
Location: Scottsdale, AZ. USA

Re: Pompey winding up order - what are the rules ?

Postby Dyl on Wed Jan 20, 2010 5:26 pm

CrackSabbath wrote:I wonder what will happen to the Twat in the Hat & his cowbell. Will he be expunged as well? :think:


by the looks of him he could use an exsponge-bath :wink:
User avatar
Dyl
 
Posts: 8983
Joined: Sun Jul 15, 2007 4:29 pm
Location: Developing a man-crush on Winston Reid

Re: Pompey winding up order - what are the rules ?

Postby rigoberts song on Wed Jan 20, 2010 5:41 pm

We wont lose any points over this.I deal with winding up orders every day they will drag this out until the summer then refinance.
rigoberts song
 
Posts: 1765
Joined: Mon Aug 24, 2009 2:17 pm
Location: Sleepy cotswold village

Re: Pompey winding up order - what are the rules ?

Postby 61dicksey on Wed Jan 20, 2010 9:59 pm

They have just been told after an appeal to the premier league that the transfer embargo will not be lifted.Apparantely it relates to fees owed to Udinese for Sully Muntari :shock:
User avatar
61dicksey
 
Posts: 1778
Joined: Sun Feb 26, 2006 11:48 am
Location: Hampshire

PreviousNext

Return to General Discussion

Who is online

Users browsing this forum: bobcar, capt pugwash, CurlyHammer, Google Adsense [Bot], Hemel Iron, Iron Will, Majestic-12 [Bot], mumbles87, PaulE, tigerjeb and 41 guests