Portsmouth and Majority Creditors agree CVA

Soldato
Joined
4 Feb 2003
Posts
6,129
Location
Birmingham
Well it appears Andronikou has been successful in getting over 75% of the creditors to agree to 20p in Pound :eek: and as expected HMRC are appealing.

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8746162.stm

Evan as a Porstmouth fan 20p in the pound seems mighty low to me and has opened the way to allow HMRC to drag this on and on. I can't see why he doesn't work with them more closely to build a better relationship so the CVA can be a little more valid :(

Oh well I suppose at least when we head to the Ricoh on 7th August we can maybe start to look to the future a bit and hope we don't end up being owned by a Slavic porn Barron looking to launder funds from under age bovine prostitution through the club :(
 
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