Admin not possible, courts (as i understand it) can't put them in Admin, only wind them up

So if they don't adjourn today, it'll be all over.

I do think adjournment is the most likely outcome as its the only chance anyone has of getting any money.

Posted By: megson on February 10th 2010 at 11:04:37

Message Thread

Sky on Portsmouth, not looking good for them (Other Football) - megson, Feb 10, 10:55:51
- FFS (my original link SKY could be wrong though) (Other Football) - megson, Feb 10, 11:10:02
  - Should be down there VVVVVVVVVv in reply to SCC FFS (n/m) (Other Football) - megson, Feb 10, 11:10:31
- general concensus is that winding up is very unlikely (Other Football) - SCC 28, Feb 10, 10:58:07
  - Admin would mean 9 points, but they're probably down anyway (Other Football) - yarmyyarmy, Feb 10, 11:05:59
    - Doesn't it work that if they fail to get enough points to stay up before the deduction, (Other Football) - lurd, Feb 10, 11:28:32
      - No, its timebound. There is a deadline and if in admin by then its applied this season (Other Football) - megson, Feb 10, 11:33:08
  - Admin not possible, courts (as i understand it) can't put them in Admin, only wind them up (Other Football) - megson, Feb 10, 11:04:37
    - courts could put them into admin (n/m) (Other Football) - Tony Martin, Feb 10, 11:19:27
      - Sky think not, Doesn't seem clear really lots of opinion. As its a winding up order that's (Other Football) - megson, Feb 10, 11:27:47
        
        basically... (Other Football) - Tony Martin, Feb 10, 11:36:42
        
        Thanks that makes it clearer, so bascially do pompey have to suggest admin (Other Football) - megson, Feb 10, 11:57:43
        
        yup it would have to be pompey that offered (Other Football) - Tony Martin, Feb 10, 12:02:51
        
        My guess is that those whose decision it would be to enter voluntary admin (Other Football) - yarmyyarmy, Feb 10, 11:40:38
        
        yup that is correct. but also if its wound up they will lose (Other Football) - Tony Martin, Feb 10, 11:44:01
    - ffs (Other Football) - SCC 28, Feb 10, 11:05:34
- good....... (Other Football) - Cheltenham_Canary, Feb 10, 10:57:41
  - Rather see Cardiff go (n/m) (Other Football) - CB41, Feb 10, 10:59:09
    - It's some achievment by Ridsdale (Other Football) - yarmyyarmy, Feb 10, 11:01:57
      - His next project should be another club that plays in blue. (n/m) (Other Football) - colincanary, Feb 10, 11:10:29
      - *achievement* (n/m) (Other Football) - yarmyyarmy, Feb 10, 11:03:39
    - yeah...... just for sam hamman and his wierd eyeliner shit. (n/m) (Other Football) - Cheltenham_Canary, Feb 10, 10:59:44

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