The9 Posted 23 February, 2012 Posted 23 February, 2012 F'ck me, their administrator gets it : Huseklepp out on loan to Birmingham. Biggest news out of Portsmouth FC for about 5 years, FINALLY there's someone in charge who is prepared to cut costs. Sod's law says their entire squad ends up playing for West Ham, Birmingham, Reading, Blackpool, Hull, Leeds and Middlesbrough just to try and screw Saints over though. http://www.bbc.co.uk/sport/0/football/17141797
trousers Posted 23 February, 2012 Posted 23 February, 2012 I think you have hit the nail on the head. Surely not honouring a CVA is the same as not having one in the first place? If you exit admin without a CVA you get a 15 point penalty - and this is exactly what the cheats should have for not paying a penny to the old CVA. Defo worth sending a clarification query to the FL on that one: "Does failure to honour a CVA attract the same points penalty as the failure to exit administration without a CVA? If not, why not, given the end result is the same?"
alehouseboys Posted 23 February, 2012 Posted 23 February, 2012 All the classics including... Sgt. Pooper's Lonely Terrace Band With A Little Help From My Friends (From The Russian Mafia) Losing On Sky With Dinenage Getting Better (Not) Fixing A Hole (In The Finances) She's Leaving Home (Penny Come Back) Being For The Benefit Of Mr Always Right (Ho-Ho-Ho) When I'm Sixty-Four (Million In Debt) Lovely Peter (Storey) A Day In The Life (Of TCWTB)
The9 Posted 23 February, 2012 Posted 23 February, 2012 F'ck me, their administrator gets it : Huseklepp out on loan to Birmingham. Biggest news out of Portsmouth FC for about 5 years, FINALLY there's someone in charge who is prepared to cut costs. Sod's law says their entire squad ends up playing for West Ham, Birmingham, Reading, Blackpool, Hull, Leeds and Middlesbrough just to try and screw Saints over though. http://www.bbc.co.uk/sport/0/football/17141797 It does of course edge them closer to their 14 player minimum, at which point the FL has said they can start getting players in again... Hopefully no-one will send them anyone and they end up filling their bench with emergency goalkeepers.
holepuncture Posted 23 February, 2012 Posted 23 February, 2012 My favourite is the image with the chair The train for me guv, with the image title "Trainspotting at Moneyfields: 450 109 rattles past.... but just for you Luxury seating in the dugout on the back pitch. http://hoppingaroundhampshire.blogspot.com/2011/09/11-moneyfields-fc.html Sha-la-la
The9 Posted 23 February, 2012 Posted 23 February, 2012 There are two pitches at Moneyfields, the other one is parallel and behind those trees, so in 20 years' time they can start up the whole "turning the pitch" debacle again when they want to expand to fit in an extra 100 seats for their Southern League Premier campaign. Which reminds me, when ARE they doing that at Fratton ? Or moving to Port Solent ? Or building a big toilet on top of the Ferry Port ? etc.
Weston Super Saint Posted 23 February, 2012 Posted 23 February, 2012 @solentsport: #Pompey skipper Liam Lawrence says players taking wage cut till May. They have also written off Jan wages @solentsport: #pompey Lawrence says he and one or two other players will be helping sell tickets tomorrow 4 sat game To be fair, that is an inspired move by TB! Make the sick, injured and b-anned players do some work for their cash and sit in the box office [sic] and sell tickets to the phew If only Android had thought of that, he could have done the job himself and pinged off a few autographs at the same time! Who knows, an autographed AA ticket stub could have fetched at least an extra 50p on Ebay. Every little counts
Torres Posted 23 February, 2012 Posted 23 February, 2012 AA would have charged £450 an hour to work in the ticket office. Shame he didn't do it.
anothersaintinsouthsea Posted 23 February, 2012 Posted 23 February, 2012 @solentsport: #Pompey skipper Liam Lawrence says players taking wage cut till May. They have also written off Jan wages @solentsport: #pompey Lawrence says he and one or two other players will be helping sell tickets tomorrow 4 sat game If I was a recently redundant ex-PFC employee I'd be completely ****ed off hearing this. Sacking people on a few hundred a week with the slack being taken up by a tosspot injured footballer earning £20k a week. If you take Lampitt and the other two directors out of the equation I bet it is highly unlikely that the combined wage of the remaining 30-odd sacked is as much as Liam "steal your drinks and headbutt you" Lawrence.
Lifelongsaint83 Posted 23 February, 2012 Posted 23 February, 2012 Portsmouth FC @officialpompey #Pompey have signed midfielder Scott Allan on a one-month loan from West Brom
Colinjb Posted 23 February, 2012 Posted 23 February, 2012 Portsmouth FC @officialpompey #Pompey have signed midfielder Scott Allan on a one-month loan from West Brom A twenty year old who has never played for their first team and only played at SPL level for Dundee, and scored one career goal for Forfar. Finally they are bringing in the youth, but of course, not their own! It does seem that West Brom are the only team willing to deal with them. Appleton's past coming into play.
TopGun Posted 23 February, 2012 Posted 23 February, 2012 If I was a recently redundant ex-PFC employee I'd be completely ****ed off hearing this. Sacking people on a few hundred a week with the slack being taken up by a tosspot injured footballer earning £20k a week. If you take Lampitt and the other two directors out of the equation I bet it is highly unlikely that the combined wage of the remaining 30-odd sacked is as much as Liam "steal your drinks and headbutt you" Lawrence. I was wondering about that. Birch has made 33 people redundant and says it will save the club £400,000 a month. That's an average gross salary of over £12k each month to those laid off. Lampitt must have been on a massive salary. No wonder they are ficked...
St Chalet Posted 23 February, 2012 Posted 23 February, 2012 Portsmouth FC @officialpompey #Pompey have signed midfielder Scott Allan on a one-month loan from West Brom He will fit right in. http://en.wikipedia.org/wiki/Scott_Allan Personal life Allan was charged with assault on 4 November 2010 after an incident on Queen Street in Glasgow which left two men needing hospital treatment.[15] The incident also involved a number of Allan's Dundee United teammates i.e. Danny Swanson (who was knocked unconscious), Barry Douglas, David Goodwillie and former Dundee United players Matthew Flynn and John Friel as well as a passer-by.[16]
anothersaintinsouthsea Posted 23 February, 2012 Posted 23 February, 2012 A twenty year old who has never played for their first team and only played at SPL level for Dundee, and scored one career goal for Forfar. Finally they are bringing in the youth, but of course, not their own! It does seem that West Brom are the only team willing to deal with them. Appleton's past coming into play. And they were hoping for Simon Cox as replacement lol. So got rid of attacking goal scorer, brought in midfielder with no goal scoring pedigree. Result for Pompey lol.
100%Red&White Posted 23 February, 2012 Posted 23 February, 2012 Brilliant!! Stole it for FB. Hope you don`t mind. Not at all. Carry on. It does seem that West Brom are the only team willing to deal with them. Appleton's past coming into play. It's just a big thank you from the Baggies to the skates for rolling over and having their bellies tickled in the last game of the 2005 season.
Matthew Le God Posted 23 February, 2012 Posted 23 February, 2012 52.3.2 Up to 4 loan Players (Standard, Emergency or Youth) may join one Club from another Club in any Season. An additional Youth Loan Player may be added to this figure. How many have they had from West Brom now? Do the rest of the Football world want to do business with them, or just Appleton's former boss?
Channon's Sideburns Posted 23 February, 2012 Posted 23 February, 2012 I was wondering about that. Birch has made 33 people redundant and says it will save the club £400,000 a month. That's an average gross salary of over £12k each month to those laid off. Lampitt must have been on a massive salary. No wonder they are ficked... I'd seen somewhere Lampitt was on £600k per annum.
Appy Posted 23 February, 2012 Posted 23 February, 2012 Can we nick any of their players on loan? Can't think of many i would take. Pearce maybe?
Chez Posted 23 February, 2012 Posted 23 February, 2012 Cox is better than Huseklepp that's for sure. I'm sure he'll get over the 'shock' though. Bad news Erik, you have to leave Portsmouth, go to a club with a proper training ground, a real stadium and a decent set up, AND put up with actually being paid.for now perhaps, but Brum are another club who keep putting back their yearly accounts. If they don't go up they are f ucked.
Torres Posted 23 February, 2012 Posted 23 February, 2012 Mattock, Thorne and now Allan from WBA, I think.
Sheaf Saint Posted 23 February, 2012 Posted 23 February, 2012 A twenty year old who has never played for their first team and only played at SPL level for Dundee, and scored one career goal for Forfar. Finally they are bringing in the youth, but of course, not their own! It does seem that West Brom are the only team willing to deal with them. Appleton's past coming into play. It still seems bizarre to me that they can be allowed to loan out a 19-year-old with no 1st team experience and replace him with a 20-year-old loanee who also has no 1st team experience. The FL need to have a good long look at their rules in this respect methinks.
Gemmel Posted 23 February, 2012 Posted 23 February, 2012 Defo worth sending a clarification query to the FL on that one: "Does failure to honour a CVA attract the same points penalty as the failure to exit administration without a CVA? If not, why not, given the end result is the same?" Absolutely. I posted this earlier and I think is where the waters have been muddied with regard to the PP's. There can be no doubt, if they renegociate the terms, the original one would be deemed a failure and that would be the same as exiting without one.... But surely even we would find it hard if they started in conference south, on minus 25...... actually no, it would be even funnier
Window Cleaner Posted 23 February, 2012 Posted 23 February, 2012 I just love the way that the thicker end of the blue phew are going mental about Erick the Viking being loaned out and still claiming that they need to bring better play players in. They really don't get Birch's 6-week warning. It was the same on this forum though when Rupert was telling us we need to cut costs or we will not survive.
Monk Posted 23 February, 2012 Posted 23 February, 2012 Mattock, Thorne and now Allan from WBA, I think. Mattock is at Brighton.
stevegrant Posted 23 February, 2012 Posted 23 February, 2012 Mattock is at Brighton. But was at Pompey earlier this season (played against us)
Ken Tone Posted 23 February, 2012 Posted 23 February, 2012 I was wondering about that. Birch has made 33 people redundant and says it will save the club £400,000 a month. That's an average gross salary of over £12k each month to those laid off. Lampitt must have been on a massive salary. No wonder they are ficked... To be fair (copyright D. Merrington 2001) I think he also said some full-timers were being made to go part-time. So in effect there are more than 33 FTE jobs going.
JackFrost Posted 23 February, 2012 Posted 23 February, 2012 Is this the start of some sanity towards the transfer policy, and the start of them loaning out their big earners and getting in kids?
latter day saint Posted 23 February, 2012 Posted 23 February, 2012 He will fit right in. http://en.wikipedia.org/wiki/Scott_Allan Personal life Allan was charged with assault on 4 November 2010 after an incident on Queen Street in Glasgow which left two men needing hospital treatment.[15] The incident also involved a number of Allan's Dundee United teammates i.e. Danny Swanson (who was knocked unconscious), Barry Douglas, David Goodwillie and former Dundee United players Matthew Flynn and John Friel as well as a passer-by.[16] will certainly fit in with Ethu -kick a man in the head while he's down & Lawrence - steal your drink & then headbutt you
Ken Tone Posted 23 February, 2012 Posted 23 February, 2012 Looking at the 'players agree to defer wages' news, this is noi so good for them long term is it? It may well help them get through to the end of the season , but whoever buys them will immediately have to pay significant back pay to these players (as well as continuing to pay their ludicrous full wages till the end of their contracts.) Makes them even less attractive as a purchase. Meanwhile the players are taking a risk. They are only safe as football creditors if the club continues to want a golden share and play in the Football League. If liquidation happens, say on the day after the season ends, any successor club will not get a golden share anyway, and will start out of the FL, so there'll be no need for it to pay football creditors the full amount; they'll just become ordinary creditors surely? The football creditors rule does only apply within the football league doesn't it, not to the conference etc?
angelman Posted 23 February, 2012 Posted 23 February, 2012 Ken - think you are right that deferring wages until May just adds to the secured debt, and will make it more expensive for a new buyer
CB Saint Posted 23 February, 2012 Posted 23 February, 2012 Or, the administrator is hoping that the hmrc wins the football creditor rule before the end of the season and the deferred wages get added to the unsecured pot.
dubai_phil Posted 23 February, 2012 Posted 23 February, 2012 Ken - think you are right that deferring wages until May just adds to the secured debt, and will make it more expensive for a new buyer Mortgage the future even more, great plan
Window Cleaner Posted 23 February, 2012 Posted 23 February, 2012 Mortgage the future even more, great plan Noticed yesterday that Whyte bought Rangers with money he borrowed against Ranger's next 3 years ticket sales.
Shufty Zubrik Posted 23 February, 2012 Posted 23 February, 2012 Looking at the 'players agree to defer wages' news, this is noi so good for them long term is it? It may well help them get through to the end of the season , but whoever buys them will immediately have to pay significant back pay to these players (as well as continuing to pay their ludicrous full wages till the end of their contracts.) Makes them even less attractive as a purchase. Meanwhile the players are taking a risk. They are only safe as football creditors if the club continues to want a golden share and play in the Football League. If liquidation happens, say on the day after the season ends, any successor club will not get a golden share anyway, and will start out of the FL, so there'll be no need for it to pay football creditors the full amount; they'll just become ordinary creditors surely? The football creditors rule does only apply within the football league doesn't it, not to the conference etc? So the meeting between Birch & Lawrence went: TB: We want you to defer your wages until the end of the season LL: Does that mean we won’t be paid? TB: Yes and No. You won’t be paid immediately but you are a secured creditor under the football creditors rule so you are guaranteed your money. If we still haven’t found a buyer the Parachute Payments will cover it. LL: But what if the club is wound up and there are no Parachute Payments? TB: Let’s not worry about that but as a reward for your patience perhaps one day I can arrange payment of your wages into a tax free account in Monaco as an investment for a friend? Do you have a dog? (LL leaves with smiley face to tell the lads)
dubai_phil Posted 23 February, 2012 Posted 23 February, 2012 Noticed yesterday that Whyte bought Rangers with money he borrowed against Ranger's next 3 years ticket sales. TBF to him though, nothing greatly different between what he did and what the Glazers did at Manure & the idiots at Liverpool... Leverage Leverage Leverage. Still haven't learnt the lessons
Lifelongsaint83 Posted 23 February, 2012 Posted 23 February, 2012 Tony Husband @TonyHusbandBBC #pompey Boss Michael Appleton admitted today that he had been unaware of a transfer embargo placed on the club by the Football League. Thought that would be obvious considering they are in Admin
Gemmel Posted 23 February, 2012 Posted 23 February, 2012 .Still haven't learnt the lessons Football or the individuals? The Glaziers and Whyte have done very well for themselves from the leveraged deals...... Just rangers really that has suffered as a club (And any suffering that manure have endured, is most welcome and hopefully long lasting)
Lifelongsaint83 Posted 23 February, 2012 Posted 23 February, 2012 Couple of other funny tweets: Connor Edwards @XxCONNORxX515 Why always us #Pompey darren gamblen @dazzlergamblen Just had a #WestHam fan telling me they want to organise a collection for #Pompey think i'll be crying at the end of the day #RespectForClub
rooney Posted 23 February, 2012 Posted 23 February, 2012 I seem to recall when Pimply went into admin on the previous occasion, part of the conditions were that the Premier League or the Football league. were to receive monthly management accounts from the Club as a condition of the CVA and payment of the parachute payments. As they could not be possibly trading profitably each month with those level of salaries, how come the men in suits did not do anything about this before?
Son of Dave Posted 23 February, 2012 Posted 23 February, 2012 Or, the administrator is hoping that the hmrc wins the football creditor rule before the end of the season and the deferred wages get added to the unsecured pot. Or maybe the administrator's remit is to get them through to the end of the season & then liquidate ?
pfc123 Posted 23 February, 2012 Posted 23 February, 2012 for now perhaps, but Brum are another club who keep putting back their yearly accounts. If they don't go up they are f ucked. Yep, just as you will be...
Colinjb Posted 23 February, 2012 Posted 23 February, 2012 (edited) Yep, just as you will be... Poor baby. I would suggest starting a collection for you but no, our money isn't good enough for the bestest fans in the whole wide world. But hey, it's not all bad. At least when you were experiencing the good times you prudently managed to develop your own academy and have the land and players to fall back on now the worst has happened. Oh, and not forgetting the magnificent 36,000 stadium that you possess that can be sold off. Oh. Edited 23 February, 2012 by Colinjb
Gemmel Posted 23 February, 2012 Posted 23 February, 2012 Yep, just as you will be... Yes, yes pfc, I saw your little musings on fans online. In addition to showing no real understanding of your teams current plight, you are absolutely cluess as to our situation. I see that you have all managed to convicne yourselves that it is **** or bust for us this year and we will end up in admin, if we dont go up....... which is of course complete nonsense, in fact it would be two years early, but there you go.....I'm not quite sure clubs who are broke, entertain 8 million pound upgrades to their training grounds........ You are as clueless as the rest of them.
dubai_phil Posted 23 February, 2012 Posted 23 February, 2012 I seem to recall when Pimply went into admin on the previous occasion, part of the conditions were that the Premier League or the Football league. were to receive monthly management accounts from the Club as a condition of the CVA and payment of the parachute payments. As they could not be possibly trading profitably each month with those level of salaries, how come the men in suits did not do anything about this before? FL have NO remit to manage Profitability of a football club, nor did they ever have that remit at poopey. FL had accounts from poopey and up to November by all accounts they had cash being given to the club by CSI (or the start of season loan) So they were fine. That is no real difference from any organisation. It was only when the cash stopped from CSI that Lumpitt had no plan B You can be sure that if poopey were buying the players without that CSI initial backing the FL would have been all over them like a rash NEXT season will be different when FFP comes in. That form of operating won't be allowed - and hence WTF was Lumpitt thinking when doing his cash flow plans. Again FL could not enforce an FFP rule on poopey and not the rest of the league (to allow pfc a minor part of a debating point) as they could have potentially sued them. But SFC OPERATIONALLY runs at FFP rules, the fews obsession with the ML loan - well, it is a PRIVATE company, absolutely no reason to convert that into Equity. IF SFC ever get sold then that loan will be converted into Equity and any buyer will pay for the Equity plus a "Goodwill" value for the business - which is why IF you managed to get through to NC and offer to buy Saints you'd be asked for 1) around 40 mil and 2) would NOT be permitted to buy the club IF you intended to do a leveraged buy-out (allegedly)
Appy Posted 23 February, 2012 Posted 23 February, 2012 Yep, just as you will be... You are either looking for a bite or are ****ing deluded.
anothersaintinsouthsea Posted 23 February, 2012 Posted 23 February, 2012 who is pfc123 on fansonline? there are so many mugs on that site. granted it is alot less dull than Pompeyonline (what could be duller?), but you do wonder how some of them can switch on a computer let alone read and type.
Saint Lindford Posted 23 February, 2012 Posted 23 February, 2012 Yep, just as you will be... Another Portsea Island pub myth.......
warsash saint Posted 23 February, 2012 Posted 23 February, 2012 Yep, just as you will be... pcf123....is that all you have ? very poor !
dronskisaint Posted 23 February, 2012 Posted 23 February, 2012 You are either looking for a bite or are ****ing deluded. The 6 words between 'are' and '****ing' are unnecessary
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