DarloBlue wrote:
Pompey will go into administration if anything and liquidation shouldn't be a factor till the summer.
I hope so, although according to what was said yesterday in court it seems yet another change of ownership is all that might save them.
The Registrar says she is aware of what liquidation would do to the fans, but is not taking that into consideration. She is worried that administration, or any delay in closure, will just increase the debt.
Quote:
Court registrar Christine Derrett said she feared the company would continue to trade and build up more debts that would not be paid.
"I am very concerned about the financial status of this company," she said. "It seems to me there's a very real risk that this company is undoubtedly trading while it is insolvent.
"I'm obviously conscious that, by making a winding-up order, it would have very severe consequences not only for the company as a business but for the supporters themselves, but that's not a consideration that I strictly take into account."