Portsmouth fc

[PieEater]

I think the criteria is failure to agree a CVA. So if that happens to Pompey it won't make any difference as they'll have run out of cash and get liquidated.

[Franchise FC]

And the other thing I heard was that the FL have said PFC will not be docked points if they are still under a CVA when the new season starts. But I thought this runs against precedents already set with Leeds and Luton?

Pompey's administrators have said there'll be no points deduction, not the Football League.

If no penalty is imposed then the FL need to be braced for some significant litigation

[Stranded]

And the other thing I heard was that the FL have said PFC will not be docked points if they are still under a CVA when the new season starts. But I thought this runs against precedents already set with Leeds and Luton?

Pompey's administrators have said there'll be no points deduction, not the Football League.

If no penalty is imposed then the FL need to be braced for some significant litigation

Why? Leeds were deducted 15 points for not agreeing a CVA.

Luton got 30 pts, 10 for not agreeing a CVA and another 10 for it being the 3rd time they had been in that situation in a short space of time.

So unless Pompey cannot agree a CVA they won't be deducted any points based on precident.

[PieEater]

Maybe it was hint at there not being consequetive administrations because one of them was in the Prem so the FL can't punish them for that?

[Tony Le Mesmer]

missing something?

This.

No one else will match those wages so why would he want to go 'work' elsewhere when he has a perfectly good contract with PFC?

Ditto Kitson

Why would anyone of his ability want to work at Pompey playing League 1 football knowing you probably wont get paid what you are owed?

[Mr Angry]

missing something?

This.

No one else will match those wages so why would he want to go 'work' elsewhere when he has a perfectly good contract with PFC?

Ditto Kitson

Why would anyone of his ability want to work at Pompey playing League 1 football knowing you probably wont get paid what you are owed?

Thats the point though; because of the Football Creditor's rule, the players know that they WILL eventually be paid unless PFC are liquidated. Each week these players stay at the club, thats another (in Kitson's case) £18K be racked up as being owed to him....total monies owed to players is close to £30M now.

[Tony Le Mesmer]

^ thats excatly it. its money owed. They haven't been paid. Every week they hang on to their contract at Pompey their stock falls whilst not getting paid. I dont know where they stand on money owed if Pompey manage to form a newco, but Ben Haim is 30, still a good player and got a good few years left a good level. If hed jumped a few months back hed have got himself a new contract with a decent club on decent money. Now his career is nosediving pretty rapidly. Youd have to be very badly advised to stay put if you ask me. Kanu is slightly different, his career is at an end.

[Silver Fox]

Maybe some of these players would move on if they could just tear up their contracts and become free agents, thus getting them some bonus dosh in the form of a hefty signing on fee, thanks to their new club not paying a transfer fee? I'll never understand how these players can't just walk away as soon as they stop being paid. They're not exactly slaves but that can't be right

[Franchise FC]

Maybe some of these players would move on if they could just tear up their contracts and become free agents, thus getting them some bonus dosh in the form of a hefty signing on fee, thanks to their new club not paying a transfer fee? I'll never understand how these players can't just walk away as soon as they stop being paid. They're not exactly slaves but that can't be right

I'm pretty sure that, if they haven't been paid, they can walk away claiming breach of contract. They may possibly also have a case for full payment of the contract sum to the point at which the contract expires (although this is a legal point outside my experience).

The amounts they are owed to date remain in place, but I can't see many of those named being able to command anything like the salaries they've enjoyed at Pompey. Therefore, until they've actually got a new contract to start, there's no point cancelling the current one.

PFC fans would see this as money-grabbing and not helping the club - but that's life - at least it's football life.

[Barry the bird boggler]

Believe it's 3 months. If a player hasn't been paid for 3 months they have the right to walk away and sign for another club

[Royal Monk]

Their money is guaranteed to be paid in full by the football creditors rule. Parachute payments are being kept from poopy to cover the players wages if they do go pop.

[Royal Monk]

Just found this which kind of tells the story.......

Published on Saturday 2 June 2012 11:00

Pompey could face a player exodus if first-teamers decide to exert their right to rip up their contracts.

The 11 remaining members of the Blues squad are free to walk away from their existing deals.

That’s because their contracts have been breached from the wage deferrals they have taken following the club’s latest financial crisis.

But Pompey administrator Trevor Birch has yet to receive a single request from players to move on for free via a 14-day notice.

The prospect of losing players with a market value without securing a fee is a worrying scenario as the club continue to fight for funds.

The likes of Luke Varney, Liam Lawrence, Erik Huseklepp, David Norris and Greg Halford would fall into that category.

Birch has not had a firm bid for any of the remaining squad, however, following the departure of Joel Ward for Crystal Palace on Monday.

Undoubtedly, a request to walk away from their existing deals would be more welcome from some squad members than others, especially as the new season gets closer.

With the club still carrying a crippling £9.5m wage bill despite a number of exits, more needs to be done to ensure Pompey’s survival.

And Blues defender Greg Halford believes handing in a 14-day notice could be beneficial to the club and players in certain instances. He said: ‘There are things the players can do.

‘They could essentially hand in a 14-day notice where we could leave on a free.

‘That’s because our contracts have been breached.

‘The administrator would probably want that with some of the higher earners.

‘I guess that then becomes more attractive for clubs to take a free agent.’

Kanu and Ben Haim are two players who are very unlikely to tear up their deals. The duo are both refusing to budge on the money they are owed for the remainder of their deals, as revealed in The News yesterday.

Nigerian Kanu is owed £300,000 after a relegation clause lowering his wages was activated.

Ben Haim is owed close to a whopping £2m.

Compromise deals look the only hope for Pompey moving forward.

Birch believes it is revealing there have not been any players willing to walk away from their deals.

He said: ‘The rules state players can issue a 14-day notice to the club if they are owed. They can then rip up their contracts and leave.

‘Nobody has done anything like that so far.

‘It is telling that has not happened yet. I have not had one player approach me about that. Not one.’

[Friday's Legacy]

"their eleven remaining players"?

With more players likely to leave how on earth are they going to bring in around 20 players for next season, and at the same time bring in some quality to build a half decent first team? That will cost them a considerable amount, and most will surely have to be on free transfers.

It has to be worth at least a tenner on back-to-back relegations.

[Deadlock]

Perhaps - but would the bookies pay out if they fail to fulfill their fixtures?

[Tony Le Mesmer]

Perhaps - but would the bookies pay out if they fail to fulfill their fixtures?

In a word, No.

[cmonurz]

"their eleven remaining players"?

With more players likely to leave how on earth are they going to bring in around 20 players for next season, and at the same time bring in some quality to build a half decent first team? That will cost them a considerable amount, and most will surely have to be on free transfers.

It has to be worth at least a tenner on back-to-back relegations.

Beyond reproach that this football club can continue to operate. Sickening that whilst countless businesses are owed critical cash, the club can continue to bring in new players that cost more money. Pitiful situation.

[Platypuss]

"their eleven remaining players"?

With more players likely to leave how on earth are they going to bring in around 20 players for next season, and at the same time bring in some quality to build a half decent first team? That will cost them a considerable amount, and most will surely have to be on free transfers.

It has to be worth at least a tenner on back-to-back relegations.

Beyond reproach that this football club can continue to operate. Sickening that whilst countless businesses are owed critical cash, the club can continue to bring in new players that cost more money. Pitiful situation.

That scans like a bad Finerain post!

PS He probably doesn't know what "beyond reproach" means either.

[Royal Rother]

Bitch.

[weybridgewanderer]

Perhaps - but would the bookies pay out if they fail to fulfill their fixtures?

if that were the case the bets would probably be voided and your stake would be returned

[soggy biscuit]

I have no idea how but they will survive this, it's the Pompey way

Wouldn't be all that shocked if they were up near the top of league 1 next season

look forward to their promotion next May