yup that is correct. but also if its wound up they will lose

so its either

wind up, lose lots of money and the club

or

admin, lose lots of money and the club continues and the other creditors are better off.

Posted By: Tony Martin on February 10th 2010 at 11:44:01

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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