Pompeys creditors are due 2p in the pound. The first people to be paid out when a deal is done will be.... Michael brown, Richard Hughes, David James, Aruba dindan,ricardo rocha, benjarni, Yerba and former England international David nugent. Can't see any local businesses or the club staff still waiting for redundancy pay getting much.
good job they dont owe the tax man though hey, or else they'd be kicked out to the bottom division, placed in a transfer embargo and their players would be able to walk away for nothing.
Still can't see the club surviving - only 10 players left, and no goalkeeper. And yet they still have to pay Tal Ben Haim 36k a week.
the football creditor rules actually protect other clubs..... imagine last season and we sold Vaz Te to pompey for 500k , ignore the outcry etc.... but then they go bust , as with most football transfers the cash isnt all paid up front, they now us and potentially other football clubs X amount of money.... The football creditor rule makes sure these other clubs get paid where is does stink is the ex cheif executive David Lampitt and other board members are able to lodge a claim as a football creditor and be paid every penny of there 1 million pound salary where the local florist/carpenter/painter etc gets his 2p in the pound some of these are due 2p of the 2p in the pound of the last CVA!! couldn't make it up
Transfer fees etc I can understand to keep the competition fair but player wages? Not for me. They have decided to go to a struggling club and added to the financial strain with their inflated salaries. They should be treat the same as any other creditor, 2p in the £, maybe then there would be a fairer deal and the small businesses etc might get a slightly fairer deal.
Sorry but protecting selling clubs against buying clubs going bust is a million miles from paying up to millionaire players before local businesses, charities and the recently redundant tea lady. The football creditor rule is a scandal.
