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Sunday, 1st August 2010

Registrar has given other clubs time to pay

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Published Date: 10 February 2010
Mrs Registrar Christine Derrett, who sat in judgment on Pompey today, is experienced in dealing with winding-up applications involving football clubs.
In November of last year she gave Cardiff City Football Club breathing space as they fought a winding-up petition by Her Majesty's Revenue and Customs.

Cardiff, who Pompey beat 1-0 in the 2008 FA Cup Final, were given 70 days to settle their debts with the taxman.

Today, before the Pompey hearing, she gave Cardiff another 28 days grace, and made a similar order on Southend United, who were also facing a winding-up order.

Last month, she gave another two clubs a chance to resolve their financial dues.

On January 27, she gave Notts County 28 days to meet debts owed to the taxman and other companies, despite objections from creditors pursuing their cash.

The following day, Mrs Registrar Derrett gave Chester City six weeks to pay off debts that threatened their existence.

HM Revenue & Customs wanted to wind-up the cash-strapped club at the High Court. But City were given until March 10 to sort out a Company Voluntary Arrangement aimed at enabling the club to clear debts.



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  • Last Updated: 10 February 2010 2:09 PM
  • Source: The News
  • Location: Portsmouth
 
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1

parkenbutts,

10/02/2010 14:43:09
1st
2

Suffolkblue,

10/02/2010 21:13:03
2nd, thats a first
3

ADY C.C.C,

Chichester Canal 10/02/2010 21:58:59

Mrs Registrar Christine Derrett.

Loving your work!!!!!!!!!!!!!!!!!!!!!!!

Top girl!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
4

Pompeyfoz,

Penarth but Pompey bred 11/02/2010 11:46:15
Yes, point taken Mr Journalist but a few comments...

I doubt she was concerned those clubs were trading whilst insolvent.

I doubt those clubs were in such a mess internally

I doubt those clubs were not being run individuals who themselves were being chased by HMRC.

I may be wrong on these points and happy to stand corrected.

However...

If Pompey can prove we are not insolvent with the financial plan she has asked us to provide and that we WON'T continue to run up debts we can not pay, then the article suggests we may have some hope.
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