By Steve Menary 14 November 2011 Her Majesty’s Revenue & Customs have changed their approach to disclosing British football’s tax debts just as a court case over the controversial ‘Football Creditors’ Rule’ (FCR) is about to come to the High Court. HMRC’s case against the Football League and the Premier League, which will challenge the […]
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Premier League clubs clear tax arrears as football governance report looms
By Steve Menary 16 June 2011 The Premier League’s clubs have cleared their entire backlog of tax debts to Her Majesty’s Revenue & Customs (HMRC), a well-timed development ahead of a government report into the governance of football that could pose difficult questions over the financial affairs of clubs in the world’s richest club competition. […]
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REVEALED: Plans for post-liquidation AFC Portsmouth ‘ready to roll’ if club goes under
By Nick Harris 22 October 2010 Sportingintelligence can reveal that plans for a new Portsmouth football club, AFC Portsmouth, are well advanced and the organisers behind the proposed new club – which would replace the one threatened imminently with liquidation – have already had secret consultations with football governing bodies about where in the football […]
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EXCLUSIVE: Portsmouth creditors ‘accept CVA deal’, club to exit administration
By Nick Harris 17 June 2010 NB: original story posted pre-11am, update below Portsmouth are expected to exit administration and begin re-building for the future after the formal acceptance today of an offer by the club’s administrators to creditors. Sportingintelligence understands that the club’s administrator has received “yes” votes from creditors acccounting for around 80 […]
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Portsmouth’s administrator ‘pretty certain’ of 75 per cent vote for CVA
By Nick Harris 15 June 2010 Portsmouth’s administrator Andrew Andronikou has told sportingintelligence this evening that he is “pretty certain” that his proposal to creditors to take the club out of administration will be accepted at a meeting on Thursday. The plan offers creditors 20p in the pound, and although one major creditor, HMRC, has […]
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Portsmouth: why Thursday’s creditors meeting means so much to so many (not least the helpless fans)
** In the run-up to the next crucial meeting on Thursday of Portsmouth’s creditors at Fratton Park, Guy Thomas, Head of Insolvency at SA Law LLP , who has blogged extensively on Pompey’s woes, takes a look at the key players in the insolvency of Portsmouth City Football Club in its transition from Premiership club […]
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Portsmouth administrator on creditors picking FA Cup team: ‘Rubbish’
By Nick Harris 5 May 2010 EXCLUSIVE Portsmouth’s administrator, Andrew Andronikou, has told sportingintelligence today that suggestions the club’s creditors could have a say in the line-up of Pompey’s FA Cup final team are “total rubbish”. Andronikou is set to meet the creditors tomorrow and will take questions from them about his work so far. […]
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Premier League and FA: ‘Portsmouth won’t play in Europe, and haven’t applied to do so’
By Nick Harris 28 April 2010 The Premier League and the Football Association have this afternoon released a joint statement clarifying why Portsmouth have been denied a place in next season’s Europa League, and why that fact won’t change. The club’s administrator, Andrew Andronikou, has been quoted as saying that he will appeal to the […]
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Administration firm touts for business on back of puzzling Portsmouth case
By Nick Harris 25 April 2010 Hacker Young, the accountancy firm handling the administration of Portsmouth, has taken out a full-page advert in the new edition of FC Business magazine – the trade publication for the football industry in Britain – to advertise its services to football clubs wanting advice on the new 50p “high […]
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EXCLUSIVE EXTRACTS: Portsmouth’s debts laid bare in administrator’s bombshell report
By Nick Harris 21 April 2010 The administrator of Portsmouth, Andrew Andronikou, last month revealed exclusively to sportingintelligence the true extent of the club’s debts was closer to £100m than the £60m widely reported and now in an extraordinary document available for public scrutiny – parts of which we extract here – he has laid […]
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