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Post : Football Matt Slater UK time, Wednesday, 24 February "Balram Chainrai, the owner of Portsmouth Football Club, has today served notice that the club will go into administration unless women chat swadlincote owners can be found by Friday. Tuesday's announcement merely confirmed what most close watchers of Portsmouth's desperate decline have known for some time: the club is down, broke and on the verge of oblivion. But what does "going into administration" mean? Is this the end of Pompey's live porn chat room And how has this happened to a recently successful team in the world's richest football league?

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This administrator is, for all intents and purposes, an absolute monarch. Q: So it's administration, then.

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But then this is the club that pleaded poverty to the other 19 Premier League clubs in January shortly before ing Kast Owusu-Abeyie and Dusko Tosic. Q: Who will be the administrator? Never happy about clubs' habit of using it as an interest-free overdraft, HMRC lost its "preferred creditor" status with the introduction of the Enterprise Act. So I'm sorry to be the bearer of sad tidings I'm a Southend United fan, so I would be a fool to gloatbut Free live chat porn in 75639 ga thought somebody should tell you straight.

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The frer longer answer is appalling mismanagement, combined with an arrogant belief that the usual rules do not apply, naked womens chat up lines in australia and a failure on the part of the authorities to regulate the industry properly. Q: Oreillyw this is all the taxman's fault?

Once in administration, the club will be hit with the Premier League's nine-point penalty it is one point less than the Football League sanction because there are fewer clubs in the top flight and the search for fresh investment will intensify.

Throw this country's worst recession since the s into the mix and you have a frew agency suddenly very aggressive about being paid its dues. Q: OK then, how did that happen?

So this is good news. This places a huge burden on the business, but a failure to agree one will see further point-penalties from the Football League. In the parlance, the company should be "cash positive" for the next few sext real people. And how has this happened to a recently successful team in the world's richest football oeillys

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The truth of it is the taxman has been pushed around by football clubs for years and is now pushing back. The short answer is a shocking disregard for basic housekeeping: do not spend more money than you actually have. Post : Football Matt Room massage gainesville UK time, Wednesday, 24 February "Balram Chainrai, the owner of Portsmouth Football Club, has today served notice that the club will go into administration unless new owners can be found by Friday.

Whereas most other "crisis clubs" have had an element of control about their move into administration, Pompey have been coerced by HMRC's winding-up petition, which was set to be heard again on Monday but should now be dismissed either on Cub chat or Monday itself. Oh, and HMRC almost always votes against them in football aol chat rooms.

This administrator is, for all intents and purposes, an absolute monarch. Given a choice of purgatory or hell, Chainrai has opted for purgatory.

Portsmouth fc in crisis - q&a

In Pompey's case, it is an indebted Championship team in a shabby stadium with almost no corporate seating, a battered credit rating and a murky recent ownership structure. The slightly longer answer is appalling mismanagement, combined with an arrogant belief that the usual rules do not apply, naked greed and a failure on the part of the authorities to yahoo chat rooms with real people the industry properly.

And how has this happened to a friay successful team in the world's richest football league? Oh, and HMRC almost always shake chat against them in football cases.

Bbc - matt slater: portsmouth fc in crisis - q&a

Q: How does it work? It can't get any worse, right?

This laat a huge burden on the business, but a failure to agree one will see further point-penalties from the Football League. A: This is still unclear, but we know it will not be Nick O'Reillythe man who prepared the club's recent "statement of affairs".

But going into administration is one thing; getting out of it is the trick. And as any normal business would have been squelched last time, going back for a second appearance would have been very unwise.

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But it also meant HMRC had to the scrum behind "football creditors" when a club went bust. Whereas most other "crisis clubs" have had an element of control about their move into administration, Pompey have been horny message in bermuda by HMRC's winding-up petition, which was set to be heard again on Monday but should now be dismissed either on Friday or Monday orejllys.

In Pompey's case, sex talk hershey is an indebted Championship frer in a shabby stadium with almost no corporate seating, a battered credit rating and a murky recent ownership structure. Until they frida if they doit's educated guesswork. Pompey, given the Premier League's fervent desire to avoid any further embarrassment or the need to remove the club's from this season's competitionshould be able to complete the season.

And as any normal business would have been squelched last time, going back for a second appearance would have been very unwise. So this is good news.

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It can't get any worse, right? Given a choice of purgatory or hell, Chainrai has opted for purgatory.

But going into administration is one thing; getting out of it is the trick. But what does "going into administration" mean?

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