54andcounting 0 Posted July 12, 2012 Share Posted July 12, 2012 Portsmouth have been told they must start next season in League One with a 10-point deduction. The Football League said on Thursday it will accept Pompey's membership provided whoever buys the club complies with a number of conditions, notably another points deduction. http://www.guardian.co.uk/football/2012/jul/12/portsmouth-10-point-deduction-league-one?newsfeed=true 0 Quote Link to post Share on other sites More sharing options...
foggy dewhurst 0 Posted July 14, 2012 Share Posted July 14, 2012 we should play them in a friendly 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted July 15, 2012 Share Posted July 15, 2012 we should play them in a friendly We should buy them and bring them north. Division one and a 10 point penalty sounds heavenly. Oh Yeh, we would need to lie about the 60 mile distance and that maybe against sporting integrity.:smile: 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted July 15, 2012 Share Posted July 15, 2012 (edited) How come the article title is "Portsmouth must start season in League One with 10-point deduction" instead of "Portsmouth Newco must start season in League One with 10-point deduction"??? Interesting that what people in the media apply to one club (us), they don't apply to another...... Edited July 15, 2012 by Zappa 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted July 15, 2012 Share Posted July 15, 2012 How come the article title is "Portsmouth must start season in League One with 10-point deduction" instead of "Portsmouth Newco must start season in League One with 10-point deduction"??? Interesting that what people in the media apply to one club (us), they don't apply to another...... Pompey got a CVA did they not? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted July 15, 2012 Share Posted July 15, 2012 Pompey got a CVA did they not? Here's the full article: Portsmouth have been told they must start next season in League One with a 10-point deduction. The Football League said on Thursday it will accept Pompey's membership provided whoever buys the club complies with a number of conditions, notably another points deduction. Portsmouth were also docked 10 points last season after entering administration for the second time in two years and were eventually relegated from the Championship. Last month they moved a step closer to coming out of administration after creditors voted in favour of former owner Balram Chainrai's Company Voluntary Arrangement proposal, while the Pompey Supporters' Trust are also bidding to take over the cash-strapped club. As well as starting next term on minus 10, the Football League say Portsmouth must agree that only a limited proportion of the secured debt from the previous club can be carried forward into the new company as secured debt. They must pay all their football creditors in full, unless mutually acceptable compromise agreements are put in place. Finally, Pompey will also face a range of other restrictions on playing budgets, future borrowing and loan repayments for the next five seasons. A Football League statement read: "The Board of The Football League has agreed to make an offer of membership to the eventual purchaser of Portsmouth Football Club. "The offer is subject to the successful bidder accepting a number of conditions that seek to ensure the sporting integrity of league football and the financial viability of the club going forward. "The Football League Board has absolute discretion as to whether to admit any new company as a member of The League. In doing so, it has to strike a balance between giving a club another chance and the effect this has on sporting competition between clubs." Portsmouth's administrator, Trevor Birch,issued a statement calling the League's decision "very harsh" and hopes it can be reversed. "We are extremely disappointed that the Football League has decided to impose yet another penalty on the club," he said. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted July 16, 2012 Share Posted July 16, 2012 You should come up here Trevor, and see what it's like to have sanctions thrown at you. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted August 15, 2012 Share Posted August 15, 2012 Chainrai withdraws his bid, looks like goodnight if the Pompey Supporters Trust don't pull through. 0 Quote Link to post Share on other sites More sharing options...
Yorkshire Bear 0 Posted August 15, 2012 Share Posted August 15, 2012 Welcome to Hell,Portsmouth. 0 Quote Link to post Share on other sites More sharing options...
foggy dewhurst 0 Posted August 15, 2012 Share Posted August 15, 2012 the very best of luck pompey 0 Quote Link to post Share on other sites More sharing options...
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