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Pompey Takeover Saga


Fitzhugh Fella

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Hmmm, like the way all 1500 of you rallied around in your darkest hour for the 'Save the Saints' game. Don't you ever attempt to lecture to us about support again after that. You'll NEVER live that one down......

 

in league 1, the country's 29th best supported club.

 

in premiership, the country's 32nd best supported club.

 

QED.

 

http://www.mikeavery.co.uk/Attendance%20All%20Teams%20High%20to%20Low.htm

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Hmmm, like the way all 1500 of you rallied around in your darkest hour for the 'Save the Saints' game. Don't you ever attempt to lecture to us about support again after that. You'll NEVER live that one down......

123 you at least have raised your head for the first time in months. Gone is the arrogance we have had for a couple of years. Many pointed out the madness of your expenditure, but you and others scoffed as you lived in the belief that the tv revenue would cover it.We only had to look at Saints losing 100k+ a week with a few highly paid stars at that time to realise that the PL machine is a very hungry animal, clubs with small fanbases would not be able to survive the requiremnt of its owners to pay back the money.

Stand bacdk and look at Pompey from a unbiased postion, and then you might see the why so many (not only saints fans ) could see the madness why you spent like it was going out of fashion.

It was like buying a Austin Allegro and then putting in top of the range music systems , gold plate the wheel hubs, re upholster the seats with white rhino leather and have a platinum steering wheel , all on borrowings. Of course you had promised the banks that you had a top of the range rolls royce and that would cover any loan.

The bank one day saw what you really owned and lost its nerve and wanted thier money back, the platinum steering wheel went straight away as it was saleable, the rhino leather were striped off but the return was miserly, and the gold plated wheel hubs you thought had a value was soon to be shown not to be the case as the Allegro owners club found them too expensive. To make it even more difficult the Austin Alegro already had loans up to and above its value.

Nobody actually seems to know what the club owes or is worth but the 2 year world cruise on credit is going to screw you for generations.

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Hmmm, like the way all 1500 of you rallied around in your darkest hour for the 'Save the Saints' game. Don't you ever attempt to lecture to us about support again after that. You'll NEVER live that one down......

 

The 'Save Our Saints" thing was pointless, like the Saints Aid thing, all it would have done is lined the pockets of the administrators whilst delaying any takeover.

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123 you at least have raised your head for the first time in months. Gone is the arrogance we have had for a couple of years. Many pointed out the madness of your expenditure, but you and others scoffed as you lived in the belief that the tv revenue would cover it.We only had to look at Saints losing 100k+ a week with a few highly paid stars at that time to realise that the PL machine is a very hungry animal, clubs with small fanbases would not be able to survive the requiremnt of its owners to pay back the money.

Stand bacdk and look at Pompey from a unbiased postion, and then you might see the why so many (not only saints fans ) could see the madness why you spent like it was going out of fashion.

It was like buying a Austin Allegro and then putting in top of the range music systems , gold plate the wheel hubs, re upholster the seats with white rhino leather and have a platinum steering wheel , all on borrowings. Of course you had promised the banks that you had a top of the range rolls royce and that would cover any loan.

The bank one day saw what you really owned and lost its nerve and wanted thier money back, the platinum steering wheel went straight away as it was saleable, the rhino leather were striped off but the return was miserly, and the gold plated wheel hubs you thought had a value was soon to be shown not to be the case as the Allegro owners club found them too expensive. To make it even more difficult the Austin Alegro already had loans up to and above its value.

Nobody actually seems to know what the club owes or is worth but the 2 year world cruise on credit is going to screw you for generations.

 

If you're going for the car analogy for the Pompey situation I'd suggest the following...

http://www.penny4them.com/images/0207/chavcar1.jpg

 

or perhaps...

http://www.comparenow.com/blog/wp-content/uploads/2009/08/chav-driver.jpg

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Nothing like taking something out of context to suit your own agenda, is there?

 

The 'SOS' match, on the face of it, does look embarrasing. However, it is unthinkable that if it, alone, was the difference between us living or dying, that it would not have happened, big style.

 

But events quickly overtook it.

 

The idea was mooted by McMenemy. Almost as soon as the tickets had been printed and gone on sale (before any one had even been approached to organise/star in the event), between 30-40 different buyout offers were on the table and the admin/takeover process was underway. The event then became, in most peoples' eyes, unnecessary, and was not pursued. Even so, a few thousand tickets had been sold very quickly and people were given the option to reclaim or donate the £15 to the cause, which is what happened.

 

Also, it was only one way that we helped our club at that time. Private donations continued to flow in from day 1 until the Liebherr takeover.

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123 you at least have raised your head for the first time in months. Gone is the arrogance we have had for a couple of years. Many pointed out the madness of your expenditure, but you and others scoffed as you lived in the belief that the tv revenue would cover it.We only had to look at Saints losing 100k+ a week with a few highly paid stars at that time to realise that the PL machine is a very hungry animal, clubs with small fanbases would not be able to survive the requiremnt of its owners to pay back the money.

Stand bacdk and look at Pompey from a unbiased postion, and then you might see the why so many (not only saints fans ) could see the madness why you spent like it was going out of fashion.

It was like buying a Austin Allegro and then putting in top of the range music systems , gold plate the wheel hubs, re upholster the seats with white rhino leather and have a platinum steering wheel , all on borrowings. Of course you had promised the banks that you had a top of the range rolls royce and that would cover any loan.

The bank one day saw what you really owned and lost its nerve and wanted thier money back, the platinum steering wheel went straight away as it was saleable, the rhino leather were striped off but the return was miserly, and the gold plated wheel hubs you thought had a value was soon to be shown not to be the case as the Allegro owners club found them too expensive. To make it even more difficult the Austin Alegro already had loans up to and above its value.

Nobody actually seems to know what the club owes or is worth but the 2 year world cruise on credit is going to screw you for generations.

 

Well, we approached it all from a different direction i.e. we spent money we didn't have on players and you spent money you didn't have on a new ground.

 

Now, long term you probably did the right thing, as to answer an awful lot of crowing posts about so called poor PFC support, you picked up around 10k extra fans by ditching The Skip for SMS. Where we've gone wrong in the long term is by not seeing that a lot of those extra 10k bums on seats are probably floating fans from outside the general Southampton area who want to see good football in a top quality environment.

 

If we'd found the finance to build a new ground as well as getting into the Premiership we would have picked off a lot of those floating fans who just want more for their money. Fair enough, you can't blame them for that.

 

As for being screwed for generations, I don't think so. IF the club goes into administration, you know from your own experience that thats when the business world becomes interested again, because in most cases nearly all the debt is wiped out.

 

We'll come back, one way or another........

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difference was the dell was usually full so we needed bigger stadium.

 

Here we go again. No it wasn't. The record books and empty spaces on tv coverage don't lie you know. As much as you'd like us all to believe that 40,000 were locked out every week, they weren't and you know it........

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Here we go again. No it wasn't. The record books and empty spaces on tv coverage don't lie you know. As much as you'd like us all to believe that 40,000 were locked out every week, they weren't and you know it........

 

LOL - You'd never get 40,000 at your sh*thole unless you made it the only place in Scumpey that you could sign on!!:D

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123 you at least have raised your head for the first time in months. Gone is the arrogance we have had for a couple of years. Many pointed out the madness of your expenditure, but you and others scoffed as you lived in the belief that the tv revenue would cover it.We only had to look at Saints losing 100k+ a week with a few highly paid stars at that time to realise that the PL machine is a very hungry animal, clubs with small fanbases would not be able to survive the requiremnt of its owners to pay back the money.

Stand bacdk and look at Pompey from a unbiased postion, and then you might see the why so many (not only saints fans ) could see the madness why you spent like it was going out of fashion.

It was like buying a Austin Allegro and then putting in top of the range music systems , gold plate the wheel hubs, re upholster the seats with white rhino leather and have a platinum steering wheel , all on borrowings. Of course you had promised the banks that you had a top of the range rolls royce and that would cover any loan.

The bank one day saw what you really owned and lost its nerve and wanted thier money back, the platinum steering wheel went straight away as it was saleable, the rhino leather were striped off but the return was miserly, and the gold plated wheel hubs you thought had a value was soon to be shown not to be the case as the Allegro owners club found them too expensive. To make it even more difficult the Austin Alegro already had loans up to and above its value.

Nobody actually seems to know what the club owes or is worth but the 2 year world cruise on credit is going to screw you for generations.

 

 

I did not see Austin Allegro on the Pompey team sheet against Coventry...Has he already left for The African Nations cup?

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Hmmm, like the way all 1500 of you rallied around in your darkest hour for the 'Save the Saints' game. Don't you ever attempt to lecture to us about support again after that. You'll NEVER live that one down......

 

Actually I think I will lecture you on support...

 

You see the point you've missed Einstein is that fans helped organise that game. It failed but at least they tried. You lot just sit at home and blame the Arabs. Fans collected money to stave off administration. Fans have ensured that even in League One our attendances are still way above yours.

 

What have your fans done? Issued a statement? Had 30 teenaged chavs and Westwood stand outside the gate singing "Sack the board"?? That after 11,000 fans (of which at least 3,000 of those were away fans) attend a game knowing that the club needs money to pay the effing wages!!!

 

Oh I think we can lecture you about support for the next couple of decades and then some. Save our Saints, is that really the best reposte you can come up with? You club and your support is a joke... just ask Andy Townsend or anyone else who saw the empty seats on television. Ask any fan if they think trying to organise a charity match and failing compares to knowing your club needs money and having nearly half your attendance go missing with a pathetic 11,000 attendance. I think they'd laugh you into the Conference...

 

Your club and your support, and indeed your reply, are pathetic...

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difference was the dell was usually full so we needed bigger stadium.

 

The difference is that our Stadium Debt was "professionally" established as a long term secured Mortgage. AND we could afford it, even with relegation, the annual mortgage payment was not "crippling" at the time.

 

The Stadium did not make us go bust, insane cash flow and Op Ex management did that. We had one transfer window of "going wild" and then 1.5 years of destroying the revenue from the fans with utter garbage and idiotic politics.

 

When we went pop for the princely sum of 4 Grand, our football debts were manageable, our HMRC was all but up to date, and we only had a 4mil bank overdraft. Giving a few pence in the pound to Barclays and Aviva was simple, giving a few pence in the pound to Lens, Chelsea Watford et al simply cannot happen as it is against the rules.

 

The problem with the few is that their football debts are huge and HAVE to paid in full if they are to be able to continue.

 

On top of that, the stadium is "mortgaged" to a property speculator NOT a professional PLC who have to worry about their public image as much as Shareholder interests. Who knows what they may decide to do with the shed if they don't get their 9mil back in Jan and the rest in 2010.

 

The nature of debts, assets and opportunities are the problem for the Few.

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Here we go again. No it wasn't. The record books and empty spaces on tv coverage don't lie you know. As much as you'd like us all to believe that 40,000 were locked out every week, they weren't and you know it........

 

And another pet skate comes back to soothe his ego in times of crisis by trying to focus on the shortcomings of his nearest and dearest.

 

No-ones perfect, but we are by far and away a bigger club then you, now that the only reason for people outside of your hardcore fanbase to come to Fratton Park has gone, they are dissappearing, accept it, you are back to your bare bones in more ways then one.

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As for being screwed for generations, I don't think so. IF the club goes into administration, you know from your own experience that thats when the business world becomes interested again, because in most cases nearly all the debt is wiped out.

 

We'll come back, one way or another........

 

The difference is you thick fook is that someone wanted to buy SFC and settle the debts as we had decent assets.

 

You have none except EPL status and that will go with administration.

 

You also need to come out of administration without a CVA or you get docked more points.

 

Your club is nearly dead and I for one am loving it.

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Here we go again. No it wasn't. The record books and empty spaces on tv coverage don't lie you know. As much as you'd like us all to believe that 40,000 were locked out every week, they weren't and you know it........

 

Of course it wasn't sold out every week, there was a waiting list for Season tickets though and I remember often having take a half day of work to que up on cold mornings a month in advance of a fixture to get a ticket.

 

One thing is for sure though, if we had just won the FA Cup and had a team littered with multi-milllion pound signings (4 or 5 England internationals didn't you boast?), in today's Premier League we WOULD sell out every week EASILY.

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No-ones perfect, but we are by far and away a bigger club then you, now that the only reason for people outside of your hardcore fanbase to come to Fratton Park has gone, they are dissappearing, accept it, you are back to your bare bones in more ways then one.

 

Ok, ask anyone actually IN football which is the bigger club? Ask anyone, Journalists, players, managers. Ask people who merely watch the game, neutral fans- ask them the same question. You won't like the replies........

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All ticket sales on the day for the Coventry game had to be made in cash! Not a good sign, bet they did not want the money going to the bank. I wonder whose pocket

it all went into?

That is significant, I wonder what how the banks fell about that. How are they going to give Coventry their 45% of the proceeds? In a couple of brown envelopes?

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Ok, ask anyone actually IN football which is the bigger club? Ask anyone, Journalists, players, managers. Ask people who merely watch the game, neutral fans- ask them the same question. You won't like the replies........

 

You have got to be joking!

 

Southampton being bigger than Portsmouth is pretty much a footballing fact.

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Ok, ask anyone actually IN football which is the bigger club? Ask anyone, Journalists, players, managers. Ask people who merely watch the game, neutral fans- ask them the same question. You won't like the replies........

 

Living in Coventry I get a very even perspective. Before you got into the Prem they hadn't even heard of you. Now they are stunned at what is happening but comments are along the lines of 'that's what happens when a small club over does it.'

 

As for us, the feeling is very much that we are a big club waiting to rise.

 

Also, the statistics posted above do not lie.

 

Now run along you little scamp. Much love x

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Ok, ask anyone actually IN football which is the bigger club? Ask anyone, Journalists, players, managers. Ask people who merely watch the game, neutral fans- ask them the same question. You won't like the replies........

 

Saints.

 

We get told it on a regular basis around the country.

 

As a Leeds fan said to me at Ellend Rd, what the fook are Saints and Leeds doing in L1 when tinpot teams with no support like Wigan and pompey are in the EPL?

 

Couldn't really argue with that.

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Ok, ask anyone actually IN football which is the bigger club? Ask anyone, Journalists, players, managers. Ask people who merely watch the game, neutral fans- ask them the same question. You won't like the replies........

 

Ok, ask anyone actually IN football which is the bigger joke? Ask anyone, Journalists, players, managers. Ask people who merely watch the game, neutral fans- ask them the same question. You won't like the replies.......

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If we'd found the finance to build a new ground as well as getting into the Premiership we would have picked off a lot of those floating fans who just want more for their money.

 

Portsmouth have always had worse support (apart from the early post war years when Portsmouth was full of sailors) than Southampton. The following comparative figures when Fratton had a larger capacity than St. Marys and we were both in similar leagues prove that:

 

Portsmouth

Year League Attendance

1993 2 13.695

1992 2 11.745

1991 2 9.690

1990 2 8.861

 

Southampton

Year League Attendance

2009 2 17.849

2008 2 21.254

2007 2 23.556

2006 2 23.614

Edited by Guided Missile
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The difference is that our Stadium Debt was "professionally" established as a long term secured Mortgage. AND we could afford it, even with relegation, the annual mortgage payment was not "crippling" at the time.

 

The Stadium did not make us go bust, insane cash flow and Op Ex management did that. We had one transfer window of "going wild" and then 1.5 years of destroying the revenue from the fans with utter garbage and idiotic politics.

 

When we went pop for the princely sum of 4 Grand, our football debts were manageable, our HMRC was all but up to date, and we only had a 4mil bank overdraft. Giving a few pence in the pound to Barclays and Aviva was simple, giving a few pence in the pound to Lens, Chelsea Watford et al simply cannot happen as it is against the rules.

 

The problem with the few is that their football debts are huge and HAVE to paid in full if they are to be able to continue.

 

On top of that, the stadium is "mortgaged" to a property speculator NOT a professional PLC who have to worry about their public image as much as Shareholder interests. Who knows what they may decide to do with the shed if they don't get their 9mil back in Jan and the rest in 2010.

 

The nature of debts, assets and opportunities are the problem for the Few.

 

 

Tthis post should end any of the arguments.... they're fooked, let them p!ss and moan if they like... just sit back and watch the car crash.

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Of course it wasn't sold out every week, there was a waiting list for Season tickets though and I remember often having take a half day of work to que up on cold mornings a month in advance of a fixture to get a ticket.

 

One thing is for sure though, if we had just won the FA Cup and had a team littered with multi-milllion pound signings (4 or 5 England internationals didn't you boast?), in today's Premier League we WOULD sell out every week EASILY.

 

saints sold league tickets quicker with more excess demand that skates ever have.

 

Their support, struggling to get close to a small capacity ground filled shows why they are in trouble.

 

Based on level of their support they will probably settle lower CCC/upper league one (above us now!).

 

Our support is prem level.

 

There are many posts by their fans on their forums saying how embarrassed they are by the comparative number of fans.

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Good article in the Observer today:

 

http://www.guardian.co.uk/football/2010/jan/03/portsmouth-debts-transfer-embargo

 

Also, nice write up on us:

 

http://www.guardian.co.uk/football/2010/jan/02/fa-cup-southampton-luton

 

I especially like the pun in the second paragraph:

 

"Saints, above all, could serve as a parable for their neighbours a short skate along the south coast"

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Here we go again. No it wasn't. The record books and empty spaces on tv coverage don't lie you know. As much as you'd like us all to believe that 40,000 were locked out every week, they weren't and you know it........

 

I am afraid, and hate to hit a man when he is down, but you are wrong.

 

The Dell had a capacity of about 15,200.

 

When you look at the stats here

 

http://www.european-football-statistics.co.uk/attnclub/soto.htm

 

remember the variation is due to away supprt as well.

 

You will see that the Dell was nearly always sold out.

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IF the club goes into administration, you know from your own experience that thats when the business world becomes interested again

 

And from our own experience, as attractive a proposition as we were, it was still a very difficult time, so there we were with a relatively new stadium, training ground, land ownership, property ownership, now what is it you will have that will generate interest ???

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Ok, ask anyone actually IN football which is the bigger club? Ask anyone, Journalists, players, managers. Ask people who merely watch the game, neutral fans- ask them the same question. You won't like the replies........

 

lol

 

Lawrie Mac

Shilton

Keegan (current Euro footballer of the year)

Mills

Channon

Matt Le tiss

Shearer

Walcott

Osgood

Alan Ball

Mark Wright

Jimmy Case

 

 

27 years in top flight - a whole generation

 

bigger crowds

 

v

your Arry

 

Alan Biley.

..

 

..err struggling now

 

oh yea won a few things before any of us were born - around the time Huddersfield were winning league - are they a big side as well?

 

:D:D:D:D

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And from our own experience, as attractive a proposition as we were, it was still a very difficult time, so there we were with a relatively new stadium, training ground, land ownership, property ownership, now what is it you will have that will generate interest ???

 

Indeed, we have all the infrastructure required to form the basis for a competitive football club, and nearly went to the wall for the sake of a 4 mill overdraft. And in administration we were minutes away from folding at times.

 

They have nothing but debt, debt that can no longer be removed by player sales alone, and that cannot be leveraged any training ground or stadium as they simply are not owned by the football club. All that is valuable is the league status, a status that will soon be removed as even the Premiership themselves just want the Skates gone.

 

Oh good lord they are f**ked.

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Indeed, we have all the infrastructure required to form the basis for a competitive football club, and nearly went to the wall for the sake of a 4 mill overdraft. And in administration we were minutes away from folding at times.

 

They have nothing but debt, debt that can no longer be removed by player sales alone, and that cannot be leveraged any training ground or stadium as they simply are not owned by the football club. All that is valuable is the league status, a status that will soon be removed as even the Premiership themselves just want the Skates gone.

 

Oh good lord they are f**ked.

 

I would venture to suggest that they are insolvent.

 

I believe it is illegal to continue to trade if knowingly insolvent. I believe, if companies trade when knowingly insolvent, their directors are held personally liable.

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I would venture to suggest that they are insolvent.

 

I believe it is illegal to continue to trade if knowingly insolvent. I believe, if companies trade when knowingly insolvent, their directors are held personally liable.

 

While there are some idiots willing to loan money to them to prop them up in the vain hope of premiership survival though they are not insolvent.

 

As soon as these loanees get wise....

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Hmmm, like the way all 1500 of you rallied around in your darkest hour for the 'Save the Saints' game. Don't you ever attempt to lecture to us about support again after that. You'll NEVER live that one down......

 

You really are one thick Skate! Pull your head out of your a#se and assume "crash Position" not long to go now and its gonna hurt like **** :D

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Actually I think I will lecture you on support...

 

You see the point you've missed Einstein is that fans helped organise that game. It failed but at least they tried. You lot just sit at home and blame the Arabs. Fans collected money to stave off administration. Fans have ensured that even in League One our attendances are still way above yours.

 

What have your fans done? Issued a statement? Had 30 teenaged chavs and Westwood stand outside the gate singing "Sack the board"?? That after 11,000 fans (of which at least 3,000 of those were away fans) attend a game knowing that the club needs money to pay the effing wages!!!

 

Oh I think we can lecture you about support for the next couple of decades and then some. Save our Saints, is that really the best reposte you can come up with? You club and your support is a joke... just ask Andy Townsend or anyone else who saw the empty seats on television. Ask any fan if they think trying to organise a charity match and failing compares to knowing your club needs money and having nearly half your attendance go missing with a pathetic 11,000 attendance. I think they'd laugh you into the Conference...

 

Your club and your support, and indeed your reply, are pathetic...

 

It's reported elsewhere that a Luton fan estimated that some 150 skates had travelled up to 'support' Luton in their game against us. That explains why:

 

1. The 'Luton' fans were behaving as they did yesterday.

 

2. There were so many empty spaces at Nottarf.

 

Loyal fans? Just about the mentality of some of them. To go to a game, of no interest to them, looking for a row. While their beloved team struggled for numbers in their hour of need. Yet they have the cheek to call themselves 'the best fans in the land'!

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I particularly like this bit:

 

"Portsmouth has become a staging post, a lucrative hiatus, a place for the caravan to pause while the driver fills his pockets"

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'a place for the caravan to pause while the driver fills his pockets'.

 

'....tarmacs a few drives, sells some lucky heather & a few clothes pegs':smt083

 

 

Read more: http://www.dailymail.co.uk/sport/football/article-1240162/PATRICK-COLLINS-Shame-men-basket-case-poor-old-Pompey.html?ITO=1490#ixzz0bYga28fY

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Quote " ‘It is a basket case,’ he said. ‘It’s been a basket case for the past dozen years or so, and I don’t imagine that anything’s going to change.’

A dozen years? There has, several times, been an apalling lack of 'due diligence' in my estimation then. But then do gun runners, mobsters and other various ne'er do wells actually need to do 'due diligence' if all they want is a vehicle to wash their filthy lucre?

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