League withholds cash for Pompey after Lampitt claim
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- Selsey Bill
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League withholds cash for Pompey after Lampitt claim
FORMER Pompey chief executive David Lampitt is claiming cash from the club – leading to the Football League holding back vital payments.
The club’s administrators PKF confirmed Mr Lampitt and former executives John Redgate and Nick Byrom have made football creditors claims to the Football League over monies still owed to them.
The firm confirmed the football authority is holding back payments to the club to settle the claims under the football creditors rule, but would not disclose how much is owed to them due to ‘confidentiality’ issues.
Under the ruling, football creditors are required to be paid in full when a club is placed into administration, while other creditors – such as local businesses – are paid a fraction of what they are owed through a Company Voluntary Arrangement (CVA).
The High Court last week rejected an attempt by HMRC to abolish the rule, declaring it lawful.
A PKF spokesman said: ‘We are able to confirm that the three directors have submitted claims under the football creditors rule.
‘The Football League is netting off amounts in its payments to Portsmouth Football Club as a result of the claims.’
The club’s administrators PKF confirmed Mr Lampitt and former executives John Redgate and Nick Byrom have made football creditors claims to the Football League over monies still owed to them.
The firm confirmed the football authority is holding back payments to the club to settle the claims under the football creditors rule, but would not disclose how much is owed to them due to ‘confidentiality’ issues.
Under the ruling, football creditors are required to be paid in full when a club is placed into administration, while other creditors – such as local businesses – are paid a fraction of what they are owed through a Company Voluntary Arrangement (CVA).
The High Court last week rejected an attempt by HMRC to abolish the rule, declaring it lawful.
A PKF spokesman said: ‘We are able to confirm that the three directors have submitted claims under the football creditors rule.
‘The Football League is netting off amounts in its payments to Portsmouth Football Club as a result of the claims.’
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- Milan Mandaric
- Posts: 621
- Joined: Thu Dec 14, 2006 5:08 pm
Re: League withholds cash for Pompey after Lampitt claim
so lampitt is a football creditor, yet storrie was just 'an employee of the club'..?
as a nine bob note
as a nine bob note
you gotta keep the devil way down in the hole..
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- Kev the Kitman
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Re: League withholds cash for Pompey after Lampitt claim
Lampitt must surely be the most evil person I've ever known...
- Selsey Bill
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Re: League withholds cash for Pompey after Lampitt claim
...and also one of the most ineffective CEOs ever - cant believe he has had the nerve to do this. He should owe us money!Evilest Person Ever wrote:Lampitt must surely be the most evil person I've ever known...
Re: League withholds cash for Pompey after Lampitt claim
lolEvilest Person Ever wrote:Lampitt must surely be the most evil person I've ever known...
Its such a fine line between stupid and clever.
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- Gary O'Neil
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Re: League withholds cash for Pompey after Lampitt claim
You can always go here and comment oh his appointment ..
http://www.facebook.com/supportersdirect
Frankly I think there is a conflict of interest if they let him get anywhere near our dealings with them.
http://www.facebook.com/supportersdirect
Frankly I think there is a conflict of interest if they let him get anywhere near our dealings with them.
It's me I'm Mo ...... ... short for Maureen
Making stealth submissions to the The Word Association Thread since 2012
Making stealth submissions to the The Word Association Thread since 2012
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- Collins Mbesuma
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Re: League withholds cash for Pompey after Lampitt claim
Supporters Direct are pretty quick to take down comments that ask questions of their new CEO, so the more people ask, the harder it will be for Supporters Direct to pretend there's no problem. Is anyone from the PST going to the Fans Weekend to kick up a stink about this?
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