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Author Topic: Three clubs Could go into Admin today!  (Read 3466 times)

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Guernsey Exile

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Three clubs Could go into Admin today!
« on February 10, 2010, 11:07:14 am by Guernsey Exile »
Cardiff, Portsmouth and Southend in court today.  Looks like Portsmouth are screwed and possibly Cardiff too - god knows how they have been alowed to run up bills of 7m each

http://news.bbc.co.uk/sport1/hi/football/teams/c/cardiff_city/8506666.stm


Southend owe alot less, but still - surely the FA can not keep letting clubs be run like this!  

http://news.bbc.co.uk/sport1/hi/football/teams/s/southend_utd/8507587.stm



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DRFC-Hanksie

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Re:Three clubs Could go into Admin today!
« Reply #1 on February 10, 2010, 11:15:45 am by DRFC-Hanksie »
Bad situation aint it.

Pompey are screwed imo.

Hoepfully Cardiff can sort it out, same for Southend.

Guernsey Exile

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Re:Three clubs Could go into Admin today!
« Reply #2 on February 10, 2010, 11:19:28 am by Guernsey Exile »
Looks like Southend is just a question of 200,000 which they believe they have already paid!

nightporter

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Re:Three clubs Could go into Admin today!
« Reply #3 on February 10, 2010, 11:35:05 am by nightporter »
Didn't they get a receipt?

TommyC

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Re:Three clubs Could go into Admin today!
« Reply #4 on February 10, 2010, 12:02:36 pm by TommyC »
As far as I understand it, the Court does not have the power to place any of these clubs into administration.

The hearing for Portsmouth is a final hearing if after which no deal is reached, the Court has the power to order a liquidiation. That really is the end of the road for any business. Cease trading immediately, all contracts cancelled and begin selling off the assets.

Latest reports are indicating that Portsmouth have failed to reach an agreement with HMRC and they'll be pushing for a winding up order at the hearing (which should be taking place anytime now judging by the Court listings).

Guernsey Exile

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Re:Three clubs Could go into Admin today!
« Reply #5 on February 10, 2010, 12:19:52 pm by Guernsey Exile »
Cardiff and Southend adjourned for 28 days - Do the courts look at the fact Risdale has been here before?????

Guernsey Exile

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Re:Three clubs Could go into Admin today!
« Reply #6 on February 10, 2010, 12:27:44 pm by Guernsey Exile »
nightporter wrote:
Quote
Didn't they get a receipt?


You would think so!!!

 

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