Minsk Posted 11 April, 2012 Share Posted 11 April, 2012 Just on the wages, talking about the deferals... 5.22 Options in respect of player wages were also explored with the Professional Footballers Association and these resulted in the majority of the playing staff having 25% of their salaries deferred. 5.23 A small number of non-football roles have been moved from full time to part-time. 5.24 The gross value of the monthly deferrals is c£450k. This figure represents a monthly increase in the Football Creditor figure. So 25% of the monthly wage is c450k... so the monthly wage bill is 4 x £450k = £1.8m, annual wage bill is 12 x c£1.8m = c£21.6m Does that include the 4 they've loaned out? Absolutely frightening! The real figure must be more than the one you calculated as not all of the players deferred 25% of their wages, just the majority. Imagine how high the actual wage bill is if, say, TBH refused to defer any of his wage. Link to comment Share on other sites More sharing options...
Ric Posted 11 April, 2012 Share Posted 11 April, 2012 Sorry if I'm being dim - especially if it's already been answered and I've just missed it - but in the list of creditors many of them don't have an entry under the claim. Does that mean that they aren't actually owed any money? Or is it that TB doesn't know how much they are owed? Or might they be owed something, but TB isn't sure? Link to comment Share on other sites More sharing options...
pedg Posted 11 April, 2012 Share Posted 11 April, 2012 Sorry if I'm being dim - especially if it's already been answered and I've just missed it - but in the list of creditors many of them don't have an entry under the claim. Does that mean that they aren't actually owed any money? Or is it that TB doesn't know how much they are owed? Or might they be owed something, but TB isn't sure? As I understand it (i.e. probably wrong) the list consists of two parts: 1) Those to whom the administrator knows money is owed (and hence a value given). 2) Creditors from the previous admin where the admin thinks that there is the possibility that new debts may have arisen since. Link to comment Share on other sites More sharing options...
Pugwash Posted 11 April, 2012 Share Posted 11 April, 2012 Cue Captain Pugwash jokes That Wiki article is pure fantasy! And in an unashamedly sn1ggering allusion to PFC, it at least looks like they will be 'Packing the Krap' before the season's end. For the creditors' meeting, of course. Link to comment Share on other sites More sharing options...
Dark Munster Posted 11 April, 2012 Share Posted 11 April, 2012 Any guesses as to how many pages this thread will run to before the Administrator finally throws in the towel and Pompey are liquidated. Got to be 1500+ Page 1500, or April 28th. Whichever comes first. Link to comment Share on other sites More sharing options...
Dark Munster Posted 11 April, 2012 Share Posted 11 April, 2012 After reading the report I was akin to thinking this. * Pompey own Old Kent Road - with just 1 hotel - ( they haven't paid for their bills though) Whitchapel Road - owned by Uncle Avram - easy access to a nice Thai massage. Have a few spaces to fill - or any alternatives would be fun. The Chance card, community chest , its all a bit of fun.... One problem, the game would never end. No-one would ever pay any rent. Link to comment Share on other sites More sharing options...
Dark Munster Posted 11 April, 2012 Share Posted 11 April, 2012 Just looked at the creditors list. This is not bad luck or a shortfall due to CSI downfall, this has manifested itself over a longer period. Just look at how many football clubs are listed, even S****horpe, a huge slice to Wembley etc. This has been a deliberate act in my opinion because they have not intended to pay any of those hotel bills that must refer to every away game including some from last season (Marriot in Swansea) so IMO this has been a fraud and the directors, especially Lampitt, should be banned for years from ever being a director again. There should be no chance of them having the opportunity to trade again "as is" and should be liquidated just as any other company would be in that situation. Not just toast but burnt toast. The ex head of integrity of the FA. You couldn't make it up. Link to comment Share on other sites More sharing options...
rallyboy Posted 11 April, 2012 Share Posted 11 April, 2012 I wouldn't wish injury on any players, but I'll make an exception for Ricardo Rocha. It seems the greasy one-paced pensioner who has the first touch of a clumsy sex offender is struggling with a calf injury and might miss the Doncaster game. Never mind. His career is over anyway, and he should have been suspended for collecting three red cards in a day - karma is a great thing. And as for Millwall, they can stop all that singing. No one likes us!... Yes they do, we fricking love you! Ditto Doncaster, thanks for the painting, good luck at the weekend, Billy sends his regards. Link to comment Share on other sites More sharing options...
sussexsaint Posted 12 April, 2012 Share Posted 12 April, 2012 Dominos pizza on the list of creditors, no amount too small to steal apparently Link to comment Share on other sites More sharing options...
trousers Posted 12 April, 2012 Share Posted 12 April, 2012 Dominos pizza on the list of creditors, no amount too small to steal apparently Stuffed crust? Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 April, 2012 Share Posted 12 April, 2012 Meanwhile, as they sink slowly, an opportunity arises for us. Looks like we really could find out who is better. http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/9198315/Lionel-Messi-fans-could-miss-key-matches-amid-Spanish-football-TV-rights-row.html Spanish football fans hoping to forget the debt crisis by switching on to watch Lionel Messi face disappointment this year, after the country's biggest broadcasters warned they will not bid for key matches unless the prices fall by 50pc. ..... Their refusal to bid threatens to put pressure on the finances of Spain's football clubs, and fuel an exodus of players to the English Premier League, where many clubs are owned and funded by super-rich individuals. So the financial crisis in Spain is now putting pressure on reducing the cost of TV rights by 50% placing immense strain on the finances of clubs. Time to increase our Equity funding again then Nicola - Adam on the left Leo on the right - go fetch The above post is brought to you with a sense of irony, knowing full well it is what the few would be saying right now IF their Freedom of The City Leadership had done GCSE Accounts while at Skool Link to comment Share on other sites More sharing options...
St. Neil Posted 12 April, 2012 Share Posted 12 April, 2012 Dominos pizza on the list of creditors, no amount too small to steal apparently Extra anchovies. Link to comment Share on other sites More sharing options...
angelman Posted 12 April, 2012 Share Posted 12 April, 2012 Meanwhile, as they sink slowly, an opportunity arises for us. Looks like we really could find out who is better. http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/9198315/Lionel-Messi-fans-could-miss-key-matches-amid-Spanish-football-TV-rights-row.html So the financial crisis in Spain is now putting pressure on reducing the cost of TV rights by 50% placing immense strain on the finances of clubs. Time to increase our Equity funding again then Nicola - Adam on the left Leo on the right - go fetch The above post is brought to you with a sense of irony, knowing full well it is what the few would be saying right now IF their Freedom of The City Leadership had done GCSE Accounts while at Skool I think Spain is a little more complicated than that. Barca/Madrid dominate and want to take all the money for themselves, rather than the current deal which I believe still favours them but not to the tune of the 50% or so that they want. It is systemic of football these days that money is ruining the game. Before the likes of Sky came along, I wonder how many clubs (ignoring the few) went into administration? Maybe that is slightly unfair on Sky, as this situation is really down to greedy/unrealistic chairmen. Problem being of course, that when your opponents pay unrealistic wages, you sometimes feel the need to have to do the same in order to try and stay in touch and/or reach the land of the goose that is laying golden eggs (ie PL and/or Champ League). Link to comment Share on other sites More sharing options...
stevegrant Posted 12 April, 2012 Share Posted 12 April, 2012 At the moment, Spanish clubs negotiate their own TV deals, hence why Barcelona and Real Madrid are streets ahead of everyone else in terms of the amount of broadcasting revenue they bring in. There's been talk for a while now that La Liga wants to change to a collective deal similar to the one used in the Premier League, but naturally Barca and Real are opposing it as they'd lose out financially. Link to comment Share on other sites More sharing options...
FloridaMarlin Posted 12 April, 2012 Share Posted 12 April, 2012 At the moment, Spanish clubs negotiate their own TV deals, hence why Barcelona and Real Madrid are streets ahead of everyone else in terms of the amount of broadcasting revenue they bring in. There's been talk for a while now that La Liga wants to change to a collective deal similar to the one used in the Premier League, but naturally Barca and Real are opposing it as they'd lose out financially. I've no doubt there are some Premier League clubs who want to go in the opposite direction and scrap the sort of collective bargain agreement the PL has and strike their own TV deals. Now, let's think who they might be... Link to comment Share on other sites More sharing options...
Gemmel Posted 12 April, 2012 Share Posted 12 April, 2012 Claridge comes up with a cunning plan http://www.portsmouth.co.uk/sport/pompey/pompey-past/claridge-pompey-must-cast-high-earners-aside-1-3722963 Link to comment Share on other sites More sharing options...
Frank's cousin Posted 12 April, 2012 Share Posted 12 April, 2012 I think Spain is a little more complicated than that. Barca/Madrid dominate and want to take all the money for themselves, rather than the current deal which I believe still favours them but not to the tune of the 50% or so that they want. It is systemic of football these days that money is ruining the game. Before the likes of Sky came along, I wonder how many clubs (ignoring the few) went into administration? Maybe that is slightly unfair on Sky, as this situation is really down to greedy/unrealistic chairmen. Problem being of course, that when your opponents pay unrealistic wages, you sometimes feel the need to have to do the same in order to try and stay in touch and/or reach the land of the goose that is laying golden eggs (ie PL and/or Champ League). Dont think its so much the Sky millions being available, its the huge gulf its created between the PL and the FL, rather than a fairer and more egalitarian distribution of the available cash. It means that if promoted to the prem, you need to spend big to stay there and offer large and longer term contracts often without relegation clauses to attract players - with agents pushing up the deal... some chairman bite and we all know what happens when relegation happens... in the pre sky days, the financial gulf was not so great, so releagtion had less impact - less financial risk needed to stay up and compete. Most chairman of the prem also rans operate on the idea that fans will keep coming as long even if stranded as a mid table mediocrity or lower prem team, so try and keep things stable... but where is the fun/ambition - unfortunately impossible without the bilionnaire sugar daddy. Link to comment Share on other sites More sharing options...
trousers Posted 12 April, 2012 Share Posted 12 April, 2012 [/url] http://m.portsmouth.co.uk/sport/pompey/pompey-past/appleton-optimistic-of-kanu-exit-agreement-1-3722990 Link to comment Share on other sites More sharing options...
stevegrant Posted 12 April, 2012 Share Posted 12 April, 2012 I've no doubt there are some Premier League clubs who want to go in the opposite direction and scrap the sort of collective bargain agreement the PL has and strike their own TV deals. Now, let's think who they might be... Ian Ayre at Liverpool is the only one who was stupid enough to say it publicly earlier this season. Liverpool's PR since Dalglish returned to the club has been ****ing horrendous I'm sure there are a few clubs who would think they'd get more money out of individual agreements, but there's a counter-argument which suggests that the very existence of the collective agreement which ensures that a large proportion (50% of the domestic contract and 100% of the overseas contract) of the broadcasting revenue is distributed evenly between all 20 PL clubs is what ensures the value of those contracts is so high in the first place. Without that apparent balance (the imbalance we actually witness is arguably more to do with Champions League revenue IMO), the league wouldn't appear so "competitive" to the outsider and therefore not as valuable as a marketable product. Link to comment Share on other sites More sharing options...
bpsaint Posted 12 April, 2012 Share Posted 12 April, 2012 Claridge comes up with a cunning plan http://www.portsmouth.co.uk/sport/pompey/pompey-past/claridge-pompey-must-cast-high-earners-aside-1-3722963 Claridge speaks sense once again, doesn't go down well with the phew though looking at the comments section. Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 April, 2012 Share Posted 12 April, 2012 Claridge comes up with a cunning plan http://www.portsmouth.co.uk/sport/pompey/pompey-past/claridge-pompey-must-cast-high-earners-aside-1-3722963 Oh dear [h=3]Harry Stotle[/h]Thursday, April 12, 2012 at 11:18 AM Post 21 - Well said Brendon. I would like to see every News reporter that interviews any prominent figures who profess sadness, disappointment etc. at our plight to ask the question: Have you signed up for the Trust buy-out? Then watch their faces turn red. Apparently The Trust haven't even heard from Brian Howe yet! Well, seeing as that is the only hope left it doesn't say very much if even he is not prepared to gamble 2.50 on trying to save them Link to comment Share on other sites More sharing options...
Gorgiesaint Posted 12 April, 2012 Share Posted 12 April, 2012 Claridge comes up with a cunning plan http://www.portsmouth.co.uk/sport/pompey/pompey-past/claridge-pompey-must-cast-high-earners-aside-1-3722963 Claridge speaks a lot of sense here but it's nothing that supporters haven't been saying since cotterill took over. what was the point of signing of kitson, lawrence and huseklepp for £15,000 a week each? The crying shame was how the buffoon Cotterill was allowed to flog off for pennies the young players who could have been the foundations of our future. Again fans at the time could see that Sorry, have I missed something. Where exactly were the fans complaining about the signings on big money, and the crowds protesting against the younger players being sold? Talk about re-writing history again.... Link to comment Share on other sites More sharing options...
angelman Posted 12 April, 2012 Share Posted 12 April, 2012 [/url] http://m.portsmouth.co.uk/sport/pompey/pompey-past/appleton-optimistic-of-kanu-exit-agreement-1-3722990 Kanu aged 35? PMSL Link to comment Share on other sites More sharing options...
hutch Posted 12 April, 2012 Share Posted 12 April, 2012 I doubt very much the Trust will hear from anybody who's read Birch's report. Link to comment Share on other sites More sharing options...
Torres Posted 12 April, 2012 Share Posted 12 April, 2012 Kanu has to play 1 last time at a home to say his farewells and for us to say thankyou to him I think we should be allowed to say thank you to him too. Thank you for rinsing the skates for millions of pounds for doing nothing at all. All rise King Kanu, PTS hero. Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 April, 2012 Share Posted 12 April, 2012 I know some of you can't wait for the next set of good news from down the road, and have all sorts of RSS and other feeds streaming into your mission control. So here is a new link to keep a watch upon http://www.edwardsymmons.com/online-auctions/current-sales?view=auction Yep, Edward Symmons; OnLine Auction page. reckon it will be only another 16 days before you can see Norris, Varney, bunch of Lawn Mowers and some Antique Tap Fixings come up for auction to the highest bidder. Perhaps we could buy a souvenir as PTS and bury it in the foundations of the new Tescos on the site to express our gratitude for the past years of fun? Paypal should work Link to comment Share on other sites More sharing options...
70's Mike Posted 12 April, 2012 Share Posted 12 April, 2012 I doubt very much the Trust will hear from anybody who's read Birch's report. should be ok on portsea island then, reading not a strong point Link to comment Share on other sites More sharing options...
FloridaMarlin Posted 12 April, 2012 Share Posted 12 April, 2012 I know some of you can't wait for the next set of good news from down the road, and have all sorts of RSS and other feeds streaming into your mission control. So here is a new link to keep a watch upon http://www.edwardsymmons.com/online-auctions/current-sales?view=auction Yep, Edward Symmons; OnLine Auction page. reckon it will be only another 16 days before you can see Norris, Varney, bunch of Lawn Mowers and some Antique Tap Fixings come up for auction to the highest bidder. Perhaps we could buy a souvenir as PTS and bury it in the foundations of the new Tescos on the site to express our gratitude for the past years of fun? Paypal should work I like this bit from their website, under Our Services, Sport Stadia "Our reputation for discretion and delivering bespoke advice has seen us act for over 25 Clubs across a whole range of property issues. Whatever our involvement, our service is always professional, confidential and discreet. Examples of the work we have undertaken include: West Ham United FC - The valuation of stadium and training facilities on a Depreciated Replacement Cost (DRC) basis for accounts purposes. Selhurst Park - The sale of the ground in 2006 as a freehold investment, let to Crystal Palace FC. Southend United FC - Detailed analysis, advice and valuation in relation to their relocation and redevelopment of proposed stadium at Fossetts Farm. Barnet FC - The valuation of stadium on a sale and leaseback basis for bank lending purposes. Yeovil Town - Valuation on a sale and leaseback basis for restructuring purposes. Peterborough FC - Independent Expert, set rental under lease. Scarborough - Arbitrator appointed to settle freehold value of closed stadium. Portsmouth FC - Assisting Administrators with the sale of the ground and associated assets. Darlington FC - Advice to the freeholder on the investment as let to the Club and development opportunities. They're so confidential and discreet they blab all their website the valuations they've undertaken on grounds for clubs in trouble, and why they have undertaken such valuations. And did we know this? "Portsmouth FC: Assisting Administrators with the sale of the ground and associated assets. Link to comment Share on other sites More sharing options...
pedg Posted 12 April, 2012 Share Posted 12 April, 2012 And did we know this? "Portsmouth FC: Assisting Administrators with the sale of the ground and associated assets. This may well relate to the CSI purchase rather than their current situation. Link to comment Share on other sites More sharing options...
Gemmel Posted 12 April, 2012 Share Posted 12 April, 2012 This may well relate to the CSI purchase rather than their current situation. Nope..... CSI didnt buy it from adminsitrators Link to comment Share on other sites More sharing options...
holepuncture Posted 12 April, 2012 Share Posted 12 April, 2012 I know some of you can't wait for the next set of good news from down the road, and have all sorts of RSS and other feeds streaming into your mission control. So here is a new link to keep a watch upon http://www.edwardsymmons.com/online-auctions/current-sales?view=auction Yep, Edward Symmons; OnLine Auction page. reckon it will be only another 16 days before you can see Norris, Varney, bunch of Lawn Mowers and some Antique Tap Fixings come up for auction to the highest bidder. PMSL They will be taking their prized fat oozing speciality pipe with them to Moneyfields HTH After missing most of yesterdays webchat with our friend Neil, I will be making up for it with Trevor tomorrow. Lots of pre-prepared questions to fire away, lots of different scenarios - posing as a disgruntled photographer/charity/ST holder/trust member/general creditor... http://www.portsmouth.co.uk/sport/pompey/pompey-past/put-your-questions-to-pompey-administrator-1-3723917 Link to comment Share on other sites More sharing options...
pedg Posted 12 April, 2012 Share Posted 12 April, 2012 Birch trying hard to sell the notion that they would be a more attractive proposition if they were relegated to League 1: http://www.portsmouth.co.uk/sport/pompey/pompey-past/cleansed-pompey-can-bounce-back-1-3722988 Link to comment Share on other sites More sharing options...
trousers Posted 12 April, 2012 Share Posted 12 April, 2012 1/2: @pn_neil_allen: RT @pn_Emma_Judd: Apparently there are rumours that the charges against Vladimir Antonov, former #Pompey chairman, have been dropped. 1/2: @pn_neil_allen: RT @pn_Emma_Judd: To clarify: Lithuanian prosecutors have told @portsmouthnews that charges still stand against former #pompey chairman Vladimir Antonov Link to comment Share on other sites More sharing options...
Pugwash Posted 12 April, 2012 Share Posted 12 April, 2012 Kanu aged 35? PMSL Give 'em a break, it was a typo....53. Link to comment Share on other sites More sharing options...
Lazlo78 Posted 12 April, 2012 Share Posted 12 April, 2012 Birch trying hard to sell the notion that they would be a more attractive proposition if they were relegated to League 1: http://www.portsmouth.co.uk/sport/pompey/pompey-past/cleansed-pompey-can-bounce-back-1-3722988 The comment track to that article marks a clear change in the general mood. Less of that "who can we get on loan next" talk and more realistic talk about life in League One with all the high earners gone - which is acknowledged now as a best case scenario. They are a stubborn bunch but slowly coming around I think... Link to comment Share on other sites More sharing options...
Gemmel Posted 12 April, 2012 Share Posted 12 April, 2012 The comment track to that article marks a clear change in the general mood. Less of that "who can we get on loan next" talk and more realistic talk about life in League One with all the high earners gone - which is acknowledged now as a best case scenario. They are a stubborn bunch but slowly coming around I think... I could post the speech that android gave about slashing costs and players wages............ two weeks before he signed kitson and lawerence on 40k a week between them ;) Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 12 April, 2012 Share Posted 12 April, 2012 The comment track to that article marks a clear change in the general mood. Less of that "who can we get on loan next" talk and more realistic talk about life in League One with all the high earners gone - which is acknowledged now as a best case scenario. They are a stubborn bunch but slowly coming around I think... See where you're coming from but there is also talk of them bouncing back after a season. The top half of league 1 is very competitive and while it probably won't be as strong as in previous years, next season will see at least 2 out of MK Dons, Huddersfield, Sheff Wed and Sheff U who will all fancy themselves for automatic promotion. Unless a sugar daddy emerges out of the ether Pompey won't be able to patch up their squad enough to compete and should target survival in L1 rather than promotion. Link to comment Share on other sites More sharing options...
dronskisaint Posted 12 April, 2012 Share Posted 12 April, 2012 1/2: @pn_neil_allen: RT @pn_Emma_Judd: Apparently there are rumours that the charges against Vladimir Antonov, former #Pompey chairman, have been dropped. 1/2: @pn_neil_allen: RT @pn_Emma_Judd: To clarify: Lithuanian prosecutors have told @portsmouthnews that charges still stand against former #pompey chairman Vladimir Antonov Journalist of the year!!:lol: Link to comment Share on other sites More sharing options...
View From The Top Posted 12 April, 2012 Share Posted 12 April, 2012 See where you're coming from but there is also talk of them bouncing back after a season. The top half of league 1 is very competitive and while it probably won't be as strong as in previous years, next season will see at least 2 out of MK Dons, Huddersfield, Sheff Wed and Sheff U who will all fancy themselves for automatic promotion. Unless a sugar daddy emerges out of the ether Pompey won't be able to patch up their squad enough to compete and should target survival in L1 rather than promotion. The morons actually believe the likes of Norris and Halford and going to be playing for them in L1 next season. A more deluded bunch of fuc kwits I've yet to encounter of this planet. Link to comment Share on other sites More sharing options...
Colinjb Posted 12 April, 2012 Share Posted 12 April, 2012 The morons actually believe the likes of Norris and Halford and going to be playing for them in L1 next season. A more deluded bunch of fuc kwits I've yet to encounter of this planet. You would hope that a spell in league 1 or non-league would embue them with a much needed sense of humility, just as we have had to endure over the last 7 years. Somehow though, I suspect they are too deluded/stupid to ever truly get it. They are not a big club (similar in scale to Huddersfield, at best), they have profited/gained enjoyment from their team cheating and oh yes, they do deserve it. Link to comment Share on other sites More sharing options...
Saint_John Posted 12 April, 2012 Share Posted 12 April, 2012 Birch trying hard to sell the notion that they would be a more attractive proposition if they were relegated to League 1: http://www.portsmouth.co.uk/sport/pompey/pompey-past/cleansed-pompey-can-bounce-back-1-3722988 Since we were in League 1 the Football League have introduced new rules relating to amount of money that can be spent on wages, we got out just in time. http://www.football-league.co.uk/footballleaguenews/20110805/footballs-back_2293334_2410453 This will see clubs in League 1 and League 2 operating the Salary Cost Management Protocol (SCMP), which has been in use in the latter division since 2002/03. The SCMP limits spending on total player wages to a proportion of each club's turnover. For 2011/12, League 2 clubs have reduced the permitted base spending threshold to 55% of turnover from the previous 60% with sanctions applying (in the form of transfer embargoes). For League 1 clubs it will be a transitional season with clubs setting a 75% of turnover target for player salaries but with no sanctions being applicable. This threshold will reduce to 65% in 2012/13 and 60% in 2013/14 with sanctions applying in both seasons. Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 April, 2012 Share Posted 12 April, 2012 I like this bit from their website, under Our Services, Sport Stadia "Our reputation for discretion and delivering bespoke advice has seen us act for over 25 Clubs across a whole range of property issues. Whatever our involvement, our service is always professional, confidential and discreet. Examples of the work we have undertaken include: West Ham United FC - The valuation of stadium and training facilities on a Depreciated Replacement Cost (DRC) basis for accounts purposes. Selhurst Park - The sale of the ground in 2006 as a freehold investment, let to Crystal Palace FC. Southend United FC - Detailed analysis, advice and valuation in relation to their relocation and redevelopment of proposed stadium at Fossetts Farm. Barnet FC - The valuation of stadium on a sale and leaseback basis for bank lending purposes. Yeovil Town - Valuation on a sale and leaseback basis for restructuring purposes. Peterborough FC - Independent Expert, set rental under lease. Scarborough - Arbitrator appointed to settle freehold value of closed stadium. Portsmouth FC - Assisting Administrators with the sale of the ground and associated assets. Darlington FC - Advice to the freeholder on the investment as let to the Club and development opportunities. They're so confidential and discreet they blab all their website the valuations they've undertaken on grounds for clubs in trouble, and why they have undertaken such valuations. And did we know this? "Portsmouth FC: Assisting Administrators with the sale of the ground and associated assets. D_P in another "told you so PTS moment" And there it is boys and girls, in writing, in the Public Domain. Very clear and very specific, Not Football Club, Not Stadium and Club Stadium and related assets are up for sale.... Oh that'll make our resident Moneyfields advocate Appy Link to comment Share on other sites More sharing options...
SaintBobby Posted 12 April, 2012 Share Posted 12 April, 2012 That limit on 65% of turnover being spent on players' wages in League One looks like an absolute killer for Portsmouth. Is the implication (if they survive) that they will just have to pay off lots of contracts before the season begins (e.g. offer Kanu 10 months of his remaining 12 months to sod off straight away?) Link to comment Share on other sites More sharing options...
latter day saint Posted 12 April, 2012 Share Posted 12 April, 2012 will the fans be paying off the charities that have been ripped off this time ? hard choice i suppose, do the right thing & pay it off asap or ignore it & use the your cash to buy a share instead. Link to comment Share on other sites More sharing options...
dronskisaint Posted 12 April, 2012 Share Posted 12 April, 2012 Birch trying hard to sell the notion that they would be a more attractive proposition if they were relegated to League 1: http://www.portsmouth.co.uk/sport/pompey/pompey-past/cleansed-pompey-can-bounce-back-1-3722988 A 'cleansing' experience?!! You can't flush the colour out of an unflushable turd! Link to comment Share on other sites More sharing options...
Colinjb Posted 12 April, 2012 Share Posted 12 April, 2012 A 'cleansing' experience?!! You can't flush the colour out of an unflushable turd! To make a silk purse you must first have a tangible sow's ear. The illusion of a sow's ear is not enough. Link to comment Share on other sites More sharing options...
BigShadow Posted 12 April, 2012 Share Posted 12 April, 2012 The morons actually believe the likes of Norris and Halford and going to be playing for them in L1 next season. A more deluded bunch of fuc kwits I've yet to encounter of this planet. Unless they can offload them to someone who will match their wages then it is entirely possible Norris and Halford will be playing for them in L1. Of course, this assumes they survive to make it to L1 which seems odds against at the moment. Link to comment Share on other sites More sharing options...
Truckasaurus Posted 12 April, 2012 Share Posted 12 April, 2012 LEAGUE 1..................???????????????????????????????????????????? £59,000,000......59 million pounds.........Nearly £60,000,000 Millions and millions of pounds. MILLIONS,MILLIONS £59,000,000. Why all this talk of League 1 ? Liquidation my beauties. God bless HMRC. Link to comment Share on other sites More sharing options...
trousers Posted 12 April, 2012 Share Posted 12 April, 2012 D_P in another "told you so PTS moment" And there it is boys and girls, in writing, in the Public Domain. Very clear and very specific, Not Football Club, Not Stadium and Club Stadium and related assets are up for sale.... Oh that'll make our resident Moneyfields advocate Appy Doesn't that entry on their website refer to their involvement last time? (as per appendix 9 in this tome: http://www.uhy-uk.com/assets/media/download/portsmouth%20reports/Six%20month%20report%20-%20final%20%28version%20for%20website%29.pdf) Link to comment Share on other sites More sharing options...
redkeith Posted 12 April, 2012 Share Posted 12 April, 2012 Don't forget that parachute payments count as turnover, so they can beat the 65% rule on wages, even though most of the PP's are already owed to football creditors. More opportunities for quality signings ! Link to comment Share on other sites More sharing options...
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