Tuesday, 2 March 2010
4 Points STILL Hanging in the Balance!
So the survival of Pompey is still not guaranteed. Her Majesty's Revenue and Customs seem intent on pushing this to the wire, demanding proof that the Administration process is valid. There remains a chance, albeit slight, that Pompey could be wound up and their results expunged from the season's record. With Pompey taking 3 points off Burnley at the weekend, this would hit us even harder now than when it was first mooted.
Meanwhile, the Pompey players must be wondering whether it is worth bothering. The whole point of HMRC's action is to shift the prioritisation of debts. Whilst in Administration, the player's wages take priority over the outstanding debts to the taxman. If the HMRC are successful, then the club is wound up, the players no longer have a claim and the taxman gets his nose into the trough along with all the other creditors.
On the basis that if it can go wrong, it will go wrong, then we still have cause to worry. The sooner this is resolved the better.
Posted by Hammersfan at 17:41