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Onward and upward at Portsmouth?
Posted on March 5, 2011
As Plymouth Argyle fans come to terms with their club being in Administration, they can look along the South coast to Portsmouth to see that things can get better. On Thursday UHY Hacker Young, Pompey’s Administrators announced “the completion of the Club’s Company Voluntary Arrangement and exit from Administration on 24 February 2011. On 10 […]
Posted in Debts, HMRC, Insolvency, Ownership | 3 Comments »
The Portsmouth Soap: Episode 94
Posted on August 29, 2010
In what seems to be now a tradition, my being abroad for a week coincided with yet again a bizarre development at Fratton Park. On Tuesday The Sun revealed that “Lever’s Pomped up for buyout. PORTSMOUTH are wanted by whizkid tycoon Thomas Lever. The 21-year-old Lamborghini-driving son of a wealthy Manchester businessman and local councillor […]
Posted in Benefactors, Ethics, Fit and Proper Person tests, Football League, Governance, Insolvency, Ownership | 4 Comments »
The Portsmouth verdict…
Posted on August 6, 2010
… or the Great Escape thanks to an own goal. As a Pompey fan, not surprisingly my first reaction to the verdict of Mr Justice Mann was one of relief, a feeling no doubt shared by all Pompey fans, and especially by those members of the club’s non-playing staff for whom the threat of further […]
Posted in Debts, Football League, Governance, HMRC, Insolvency, Law, Premier League | 9 Comments »
Portsmouth’s continuing purgatory
Posted on July 16, 2010
To no-one’s, I suspect, great surprise, HMRC has waited until the last minute to object to the proposed CVA (1, 2 , and 3). The grounds on which HMRC are appealing are twofold: (a) The interests of HMRC have been or will be unfairly prejudiced by the taking of that decision; and (b) There were […]
Posted in Debts, HMRC, Insolvency | 15 Comments »
Are Portsmouth turning the corner?
Posted on June 17, 2010
Pompey fans are not very used to good news, and this morning’s announcement that the creditors have accepted Andrew Andronikou’s proposal for a CVA (1), with its offer of 20p minimum in the pound is the nearest we’ve had to good news for some time. This figure has resulted in virtually all creditors accepting the […]
Posted in Debts, HMRC, Insolvency | Leave a Comment »
Portsmouth’s parlous progress
Posted on May 7, 2010
I guess yesterday was a good day to bury news on, what with the no small matter of a General Election. It was, by I’m sure complete coincidence, the day of the first meeting between Portsmouth’s Administrators (there mob-handed rather than the usual solo appearance of Andrew Andronikou) and the club’s creditors to discuss a […]
Posted in Debts, HMRC, Insolvency | 10 Comments »
The Portsmouth Horror Show
Posted on April 24, 2010
It is to the credit of Andrew Andronikou, the Administrator, that with an unexpected transparency that he has published the report (1) to be presented to the creditors at the meeting on 6th May. That said, there is little more that can be said to deserve the term ‘credit’ in this latest episode of the […]
Posted in Benefactors, Ethics, Governance, Insolvency, Ownership, Premier League, Public relations | 8 Comments »
Portsmouth’s latest day in court
Posted on March 2, 2010
If you were hoping that the latest confrontation between Pompey and HMRC in the High Court might bring resolution, or even clarity, then I’m afraid you were in for disappointment (the best coverage of events was by the Portsmouth Evening News with its live blog and here). As Gregory Mitchell for HMRC put it: “‘The […]
Posted in Debts, HMRC, Insolvency | 3 Comments »
Portsmouth: the still continuing soap
Posted on February 19, 2010
On Wednesday the news was that a local arrest warrant had been issued for the club’s still Non-Executive Chairman Sulaiman Al Fahim (1), I wondered yesterday as I drove down to Portsmouth for the 5 Live Portsmouth Fans Forum (2; available for 1 week in UK only) what news might break during my journey. Sure […]
Posted in Insolvency, Ownership | 3 Comments »
Portsmouth: the continuing soap
Posted on February 7, 2010
One of my friends, who is also a colleague and a fellow Pompey fan, always says that supporting Pompey reminds him of a John Cleese quotation: “I can cope with the despair. It’s the hope I cannot handle“, which reflects rather well my personal feelings at the moment. The club of course is facing its […]
Posted in Fit and Proper Person tests, Governance, Ownership, Premier League | Leave a Comment »
More on Portsmouth’s woes
Posted on December 20, 2009
Since my last posting on Pompey (1), not a great deal has happened off the pitch it would seem. On the pitch, Liverpool have been defeated, with the media reporting this as ‘Rafa this’ and ‘Rafa that’, largely failing to give credit either to the Portsmouth players or to Avram Grant, notwithstanding the statistics for […]
Posted in Ethics, Fit and Proper Person tests, HMRC, Insolvency, Ownership | 2 Comments »
Portsmouth and Southampton again
Posted on June 5, 2009
Back in April I commented on some of the similarities and differences between these two South Coast rivals (1). Since then, for Southampton the uncertainty over their future ownership, and indeed survival, has continued. As I write, there is talk of a mystery multi-millionaire and the announcement of a new board this week (2). We […]
Posted in Benefactors, Ownership | 2 Comments »
Portsmouth 17 – Southampton 5
Posted on April 9, 2009
That’s annual losses in millions of pounds, not goals. These two teams constitute the nearest the South Coast can offer to Glasgow’s Old Firm – bitter rivals on the pitch and a distinct animosity between their fans. In some respects, like Celtic and Rangers, they are oddly similar – perhaps the cause of the rivalry. […]
Posted in Insolvency | 1 Comment »
The stadium curse
Posted on December 3, 2012
The topics of the stadium which has become separated from its club in ownership terms, and the mixed blessing that a new stadium can bring, are ones that I have covered in previous postings (see postings passim). The battle over Fratton Park is shortly to be resolved in court (1). The twisted history of Portsmouth’s […]
Posted in Assets, Investors, Ownership, Stadium, Trusts | 7 Comments »
Pompey – the turning point?
Posted on November 20, 2012
I’ve not blogged recently on the Pompey basket case. Not because there wasn’t much happening, but rather because there has been almost too much happening to stop and take a coherent view. In fact, the last time I posted was back in March 2011, when I commented “Portsmouth City Football Club Ltd. is dead – […]
Posted in Community, Fans, Insolvency, Ownership, Points deduction, Sanctions, Stadium, Trusts | 3 Comments »
