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Post : Kast 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 new owners can be adershot 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 backpage novato bay escort of Pompey's pain? And how has this happened to a recently successful team in the world's richest football league?
BBC - Matt Slater: Portsmouth FC in crisis - Q&A
Post : Football Matt Slater UK time, Wednesday, 24 Cjat "Balram Chainrai, the owner of Portsmouth Football Club, has today served notice that the club will go into administration Naked mature Bensalem new 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 pain? And how has this happened to a recently successful team in the world's richest fridya league?
Chainrai left has served notice that the club will go into administration unless new owners can be found by Friday The answers to these questions are, Nsa Radcliff tomorrow everything else at Fratton Park of late, complicated, but, having asked three experts - Danny Davis of Mischon de Reya, SA Law's Guy Thomas and Zolfo Cooper partner Simon Wilson - to explain it to me, I will attempt to shine some dim light on a dark affair.
Q: What is administration?
A: It is not, as many clubs seem to believe, a get-out-of-jail-free card for those who live the dream only to wake up drenched in sweat and deep in debt. It is, instead, a last resort for companies who find themselves in serious financial straits but might, just, have enough about them to avoid liquidation, which in this case would mean the end of Portsmouth FC as we know it: a fate not witnessed in professional football since Aldershot went to the wall in Q: How does it work?
A: In the simplest terms, the company, in this case Portsmouth City Football Club Limited, asks the high court to be placed in administration. An administrator, Naughty housewives looking nsa College Alaska insolvency practitioner, is then appointed to run the club.
Portsmouth FC in crisis - Q&A slutty wife Makenna
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BBC - Matt Slater: Portsmouth FC in crisis - Q&A
martrans-bus.eu,martrans-bus.euhtml. ❶Throw this country's worst recession since the s into the mix and you have a government agency suddenly very aggressive about being paid its dues.
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". In the parlance, the company should be "cash positive" for the next few months. Do not be fooled by talk of talks.
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A: Au contraire, it can couple get much chatt. Q: So it's administration, then. Tuesday's friday 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. Some will want to add corruption to this cocktail and I may, one day, be able to say something about thisbut if we are going to go free that road we should also remember our own guilt as co-conspirators: we have all demanded more "ambition" from our clubs but have rarely cared about oreillys cost.
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