Fowllyd Posted 3 July, 2012 Share Posted 3 July, 2012 How the hell can the FL allow them to sign anyone, regardless of wether there on a free or on loan when they (the FL) are putting pressure on existing players to write off huge sums of money they are owed in a bid to save the skates from liquidation. I really dont understand this! :facepalm: They haven't signed anyone; all the puff pieces in the News are about them wanting to sign players, with the obligatory whinges about the fact that they can't actually do so. The Football League isn't putting any pressure on players to write off any sums of money as far as I know. Plenty of people are doing just that, but not the FL. Link to comment Share on other sites More sharing options...
suewhistle Posted 3 July, 2012 Share Posted 3 July, 2012 That Europatin guy seems very sharp and intelligent, don't you think ?? Europatin? Well Eurosaint... that almost seems like fishing to me! :-)))))) Link to comment Share on other sites More sharing options...
KK the 2nd Posted 4 July, 2012 Share Posted 4 July, 2012 I see Coral's are the first to put out relegation odds ... initially 6/1 now slashed to 7/2. Lump on ... great bet. Apart a real value punt given the state they are in, think of the pleasure of winning as well! But do the odds stand if they are liquidated before the start (or end!) of the season? Fair point. It would be money back in this situation. However if they do aviod lquidation what are their chances? Paper thin squad made up of kids, possible points deduction, asset stripping, etc. all points to relegation in my opinion. Link to comment Share on other sites More sharing options...
hutch Posted 4 July, 2012 Share Posted 4 July, 2012 I make it 20 days......... That's only a deadline. I think payday will be much more interesting now that the League subsidy has gone down from £200k to £60k. Link to comment Share on other sites More sharing options...
trousers Posted 4 July, 2012 Share Posted 4 July, 2012 That's only a deadline. I think payday will be much more interesting now that the League subsidy has gone down from £200k to £60k. I understood they were still deferring wages at the moment? Link to comment Share on other sites More sharing options...
trousers Posted 4 July, 2012 Share Posted 4 July, 2012 Fair point. It would be money back in this situation. However if they do aviod lquidation what are their chances? Paper thin squad made up of kids, possible points deduction, asset stripping, etc. all points to relegation in my opinion. I wouldn't be too sure on that....they've bought players before they couldn't afford to pay in order to gain a competitive advantage, so why would they change now when they know they can wipe out the debt again in admin3...? They've already offered Fuctas a new contract that is "very good for League One" whilst still in administration... Link to comment Share on other sites More sharing options...
hutch Posted 4 July, 2012 Share Posted 4 July, 2012 I understood they were still deferring wages at the moment? They are. They've been on a £5k/week cap since admin, so they could scrape by on the £200k/month nPC subsidy, with a bit of help from cash generated by player sales. They are now down to a £60k/month L1 subsidy. Link to comment Share on other sites More sharing options...
trousers Posted 4 July, 2012 Share Posted 4 July, 2012 They are. They've been on a £5k/week cap since admin, so they could scrape by on the £200k/month nPC subsidy, with a bit of help from cash generated by player sales. They are now down to a £60k/month L1 subsidy. Ah, gotcha...cheers. No wonder they were so keen to get their hands on that £30k... Link to comment Share on other sites More sharing options...
andysstuff Posted 4 July, 2012 Share Posted 4 July, 2012 They are. They've been on a £5k/week cap since admin, so they could scrape by on the £200k/month nPC subsidy, with a bit of help from cash generated by player sales. They are now down to a £60k/month L1 subsidy. I do wonder how much their running costs are par month and whether £200k covers it. Their total wage bill, even with deferrals must be almost that. Add on business rates, electricity, water rates etc and I'm sure it's going to be north of £200k. Link to comment Share on other sites More sharing options...
trousers Posted 4 July, 2012 Share Posted 4 July, 2012 (edited) Looks like Man Utd are going to pip Joseph Cala to the post in the race to float an English football club on the New York Stock Exchange... @danroan: Here's Man Utd's registration document signalling their intention to float on the NYSE to reduce debt. Worth a read. http://t.co/nZupmtV6 @danroan: United IPO prospectus: "Our indebtedness could adversely affect our financial health and competitive position..." @danroan: ..As of Mar 31 we had total indebtedness of £423.3m..increases risk that we may be unable to generate cash sufficient to pay amounts due" @danroan: Man Utd IPO prospectus: "Net finance costs (interest repayments on club's£420m debt) for the 9 months ended March 31, 2012 were £35m..." Edited 4 July, 2012 by trousers Link to comment Share on other sites More sharing options...
trousers Posted 4 July, 2012 Share Posted 4 July, 2012 Meanwhile, in a parallel universe where integrity and justice still exists in the game of football.... @SkySports: Scottish Premier League clubs will meet for a scheduled vote on a newco Rangers application on Wednesday morning. http://t.co/HNApaE2m Link to comment Share on other sites More sharing options...
SaintRichmond Posted 4 July, 2012 Share Posted 4 July, 2012 Meanwhile, in a parallel universe where integrity and justice still exists in the game of football.... @SkySports: Scottish Premier League clubs will meet for a scheduled vote on a newco Rangers application on Wednesday morning. http://t.co/HNApaE2m I think that there will be a big "about turn" by the Minnows of the Scottish Prem, and Rangers will get the majority tequired for them to continue playing in the Top Tier. They simply cannot forgo their cut of Rangers gate money Link to comment Share on other sites More sharing options...
dronskisaint Posted 4 July, 2012 Share Posted 4 July, 2012 I wouldn't be too sure on that....they've bought players before they couldn't afford to pay in order to gain a competitive advantage, so why would they change now when they know they can wipe out the debt again in admin3...? They've already offered Fuctas a new contract that is "very good for League One" whilst still in administration... Was the Fuctas 'offer' not the activation of an existing clause in his current contract? Skates would probably point out that his income may go up or down according to market forces of course! Link to comment Share on other sites More sharing options...
trousers Posted 4 July, 2012 Share Posted 4 July, 2012 I think that there will be a big "about turn" by the Minnows of the Scottish Prem, and Rangers will get the majority tequired for them to continue playing in the Top Tier. They simply cannot forgo their cut of Rangers gate money Yep, just reading about the potential back peddling going on up there. I am duly poised to retract my 'integrity and justice' statement if they 'do a Pompey' and (largely) get away with it... Link to comment Share on other sites More sharing options...
angelman Posted 4 July, 2012 Share Posted 4 July, 2012 Faintly amusing.....SPL teams didn't want NewCo in with them. Maybe they wanted a shot at PL footie. 1st Div didn't want Rangers foisted on them - presumably it would hurt their promotion chances. So entering the 3rd Tier would have caused them all sorts of problems financially. So much for sporting integrity. Let's just wait and see what exactly this integrity is!! Link to comment Share on other sites More sharing options...
eurosaint Posted 4 July, 2012 Share Posted 4 July, 2012 Europatin? Well Eurosaint... that almost seems like fishing to me! :-)))))) The words 'hook, line and sinker' seem to appear quite regularly in that blog !! Link to comment Share on other sites More sharing options...
trousers Posted 4 July, 2012 Share Posted 4 July, 2012 (edited) http://www.portsmouth.co.uk/sport/pompey/pompey-past/lawrence-still-angry-over-pompey-decline-1-4015913 Lawrence still angry over Pompey decline ‘Look at what the fans have had to put up with and others who work at the club. How is that right? ‘It is all about other people’s mistakes and I am still bitter about that. It really gets to me. ‘This is wrong what has happened to this football club and it has affected us all. ‘The players as well, we have all been hit hard. ‘I’ve had to move the family back up north, near Stoke. I would have thought that was a bonus...? Edited 4 July, 2012 by trousers Link to comment Share on other sites More sharing options...
buctootim Posted 4 July, 2012 Share Posted 4 July, 2012 "Net finance costs (interest repayments on club's£420m debt) for the 9 months ended March 31, 2012 were £35m..." Jeez. That means (unless there are other things in that figure that United are paying 11%pa on that debt. The banks must think there is a real risk that they / the Glazers will go pop. Link to comment Share on other sites More sharing options...
pedg Posted 4 July, 2012 Share Posted 4 July, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/lawrence-still-angry-over-pompey-decline-1-4015913 He could only see good times ahead. Under the regime of CSI and chief executive David Lampitt, the fans likewise. Maybe if they had looked further than the end of their noses he would have seen the train wreck coming. Link to comment Share on other sites More sharing options...
pele Posted 4 July, 2012 Share Posted 4 July, 2012 Cheats Link to comment Share on other sites More sharing options...
brightspark Posted 4 July, 2012 Share Posted 4 July, 2012 Where are all these bids for your players then Trev? I thought July was when all those clubs 'queuing up' to make offers for the plucky heroes would finally make their move? Link to comment Share on other sites More sharing options...
dubai_phil Posted 4 July, 2012 Share Posted 4 July, 2012 Jeez. That means (unless there are other things in that figure that United are paying 11%pa on that debt. The banks must think there is a real risk that they / the Glazers will go pop. Yep and who do they pay that interest to? Along with fees for arranging the loans in the first place, while the Glazers probably borrowed it at a competitive rate set against Libor. Oh One of the drivers for forming FC United Link to comment Share on other sites More sharing options...
FloridaMarlin Posted 4 July, 2012 Share Posted 4 July, 2012 Lawrence really doesn't come out of this piece at all well. I love the way he has a pop at the owners who: "tried to do things their way and left the club in a mess." Doing things their way presumably included outbidding other clubs in terms of fee and wages to sign Liam Lawrence. However, the owners can't have done everything their way because Lawrence was: "Then-manager Steve Cotterill’s confidante, his sounding board to debate more player recruits. So what role did Lawrence play in Quality Over Quantity? As for: "I’ll be going to training on Monday but will probably have to drive down there in my socks and boots and check in a hotel for a while." Let's hope he doesn't get stopped by the Feds. "Can you explain why you're driving with no clothes on sir? And can you control the pedals in your car properly with those studs on the bottom of your boots, sir" The hotel? I'm guessing it won't be a B&B along Southsea front or up in the wilds of North End. Link to comment Share on other sites More sharing options...
rallyboy Posted 4 July, 2012 Share Posted 4 July, 2012 interesting development there... We all have a laugh about Ben Haim having gold door handles on his stretch Hummer but Lawrence gives the distinct impression that having his wages cut from £20K to £5K meant they could no longer justify renting in Warsash and had to save some money and move to Stoke. Birch has done well to cause footballers financial hardship, and poor old Lawrence even worked in the ticket office for him. One could observe that Lawrence may have been offered two contracts when he signed. A solvent club might have offered him £12K a week, but he chose the £20K a week from a clearly insolvent club that looked like it was STILL in serious trouble. Ditto UnAppy. Despite spin to the contrary, his job has changed little since he joined. At the time of his interview, his potential employers were suspected to be laundering money for organised crime. What could go wrong? I struggle to find much sympathy for people who have made poor decisions based on greed, and then whinge when the obvious problems occur. Then again I'm miserable like that. Link to comment Share on other sites More sharing options...
brightspark Posted 4 July, 2012 Share Posted 4 July, 2012 The innocent story of Liam Lawrence: http://imgur.com/YpEge Link to comment Share on other sites More sharing options...
sidthesquid Posted 4 July, 2012 Share Posted 4 July, 2012 Lawrence actually sums up all that was wrong in Skateland. He must have been in the top 20 earners in the Champ and he wasn't even the Skates top earner! The first administration was bad enough, but the way they went about spending Lithuanian bank customers' money immediately they were free from it was beyond negligent. It was obvious to anyone who cared to look that Antonov was at best 'dodgy,' and Lampitt in particular must have known that CSI had only ever put a modest down-payment into the kitty. And anyone with a modicum of shame or decency would have at least waited a bit of time and seen some of the CVA money being repaid before splashing out on one of the highest earning groups of players in the Championship. At no point did the sums ever add up - it was just a blind gamble to get back to the Prem with an absolute disregard to those that they had fecked over on the way. Which is why anything less than -27 points and playing the youth team (I'll allow them their Slovenian goalie) means they have got away with it. Because anything less than that and they will just carry on as before. Link to comment Share on other sites More sharing options...
Truckasaurus Posted 4 July, 2012 Share Posted 4 July, 2012 The golden share is withdrawn if a football club doesn't pay it's players. This is a fact. (Unless agreed by a player,wage deferals etc) Club 24 cannot pay it's players so unless most of 'em leave they will either be liquidated or thrown out of the league. The question on my tiny mind is, When ? Why is nothing happening,no player sales. How long Trev ? 1 year,5 years,10 years,why not today ? Honestly this has to come to a head and soon. No CVA has been agreed despite all the spin and bullsh*t. The club can't even afford a football kit. I am at a loss to understand why they still operate as a club. If i had behaved in this manner my house,car and home cinema would have been reposesed ages ago as well as both my knackers cut off. AAAAAAAAAAAGGGGGGGGGHHHHHHHHHHHH !! God bless Jello Biafra Link to comment Share on other sites More sharing options...
trousers Posted 4 July, 2012 Share Posted 4 July, 2012 (edited) http://www.portsmouthfc.co.uk/LatestNews/news/Dowling-Arrives-As-Head-Of-Recruitment-3505.aspx Luke Dowling has joined Pompey as the club’s head of recruitment. He said: “My role is about identifying promising new players that can come in and push the club forward – both in the long and short-term. We all want to get this club back to where it belongs. “But first we have to get a squad together that can be competitive in League One. “I turned down European scouting roles at two Premier League clubs to come to Pompey because this is such a great club. Edited 4 July, 2012 by trousers Link to comment Share on other sites More sharing options...
pedg Posted 4 July, 2012 Share Posted 4 July, 2012 http://www.portsmouthfc.co.uk/LatestNews/news/Dowling-Arrives-As-Head-Of-Recruitment-3505.aspx Nice cushy job. 1) Arrive at work 2) Reread memo from league reminding you you are not allowed to recruit any new players 3) Snooze and surf internet 4) Go home Link to comment Share on other sites More sharing options...
Danbert Posted 4 July, 2012 Share Posted 4 July, 2012 Nice cushy job. 1) Arrive at work 2) Reread memo from league reminding you you are not allowed to recruit any new players 3) Snooze and surf internet 4) Go home 5) Collect 200,000 a year salary 6) Hmmm.... 7) What could possibly go wrong? Link to comment Share on other sites More sharing options...
trousers Posted 4 July, 2012 Share Posted 4 July, 2012 In today's episode of "You Couldn't Make It Up".....10 minutes after Pompey announce they've employed a head of recruitment we get this..... Neil Allen @pn_neil_allen #Pompey have been told there will no Football League change in stance over recruitment. Means club still cannot sign players. Link to comment Share on other sites More sharing options...
SaintRichmond Posted 4 July, 2012 Share Posted 4 July, 2012 In today's episode of "You Couldn't Make It Up".....10 minutes after Pompey announce they've employed a head of recruitment we get this..... Neil Allen @pn_neil_allen #Pompey have been told there will no Football League change in stance over recruitment. Means club still cannot sign players. Don't knock it ..... At least they now have a Head of Recruitment that can officially issue a statement telling us that he CANNOT RECRUIT Happy Days Link to comment Share on other sites More sharing options...
pedg Posted 4 July, 2012 Share Posted 4 July, 2012 In today's episode of "You Couldn't Make It Up".....10 minutes after Pompey announce they've employed a head of recruitment we get this..... Neil Allen @pn_neil_allen #Pompey have been told there will no Football League change in stance over recruitment. Means club still cannot sign players. At least the news will be able to have a lot more stories about promising players 'being lined up' to join pompey. Link to comment Share on other sites More sharing options...
FloridaMarlin Posted 4 July, 2012 Share Posted 4 July, 2012 How, and indeed why, have they appointed a head of recruitment at a time when they are supposed to be cutting to the bone? How has Birch sanctioned this? How do creditors feel when they see another addition to the litter to suck at the teat, when they are being told they can expect the square root of bugger all of what they are owed? Typical p****y, but also symptomatic of the game where all 'Football people' (ie: managers, players, ex-players) deride outsiders (ie, those who have never played the game professionally) as having no appreciation of the game. When, in fact, they have no appreciation of reality as throughout their careers they have only ever been concerned about being left alone to concentrate on their football, and there has always been somebody there to pick up the tab. As for: "I turned down European scouting roles at two Premier League clubs to come to Pompey because this is such a great club." This is either complete and utter drivel spouted for the moronic masses to sop up, or he turned down Premier League clubs not because p****y is such a great club, but because they offered him more money. I think I know which one my money is on. Link to comment Share on other sites More sharing options...
Torres Posted 4 July, 2012 Share Posted 4 July, 2012 So the FL are sticking to their guns and not allowing Pompey to sign any players, in accordance with clear FL rules. Is THIS the way they're going to kill them? If they can't sign players, they can't fulfill their fixtures. If they can't fulfill their fixtures, they're out of the league. Might be a less messy way for the the FL to kill them than use rules that don't yet exist in relation to their financial situation. Link to comment Share on other sites More sharing options...
gaz Posted 4 July, 2012 Share Posted 4 July, 2012 Can't afford the players they already have, not allowed to sign anyone else, yet hire a man to look for players they cannot buy. Rotten from top to bottom. The club is like a horrible 5 year car crash happening on the opposite carriageway, that you can't look away from. You simply couldn't make it up. Link to comment Share on other sites More sharing options...
Ric Posted 4 July, 2012 Share Posted 4 July, 2012 I find it fascinating that TBH gets villified for not compromising on his wages, with no club interested in buying him... yet Lawrence has interest from Cardiff supposedly, but the move won't happen until a compromise can be agreed with him. Surely this ought to be a very quick win for them, so every day's delay to getting Lawrence out of the door is wasting money they can ill-afford to lose. Where's the pressure on Lawrence from Trevor Birch and Neil Allen to do the "honourable thing"? Not that I expect anything sensible, logical or fair to come out of that lot, mind... Link to comment Share on other sites More sharing options...
dubai_phil Posted 4 July, 2012 Share Posted 4 July, 2012 Nice cushy job. 1) Arrive at work 2) Reread memo from boss reminding you you are not allowed to recruit any new employees 3) Snooze and surf internet 4) Go home Wow apart from small mistake that I have changed for you There, now fits most people I have met in HR the past 3 months Link to comment Share on other sites More sharing options...
dubai_phil Posted 4 July, 2012 Share Posted 4 July, 2012 So the FL are sticking to their guns and not allowing Pompey to sign any players, in accordance with clear FL rules. Is THIS the way they're going to kill them? If they can't sign players, they can't fulfill their fixtures. If they can't fulfill their fixtures, they're out of the league. Might be a less messy way for the the FL to kill them than use rules that don't yet exist in relation to their financial situation. Maybe you are on to something here. This allows them to retire from the game due to a sad set of unforeseen circumstances rather than one particular fault of one person. Now, TB has had experience of running a football club. He is also highly regarded in the IP industry, and in fact was the man that HMRC fought for. He will not want a failure on his CV. The PFA will not want to be seen to be to be to blame for not asking their players to help out The players will not want to be seen to have been the reason the club has failed but will not want to miss out on any possible chance of getting SOME money back FL are doing everything they can to help out. Must be worth re-reading the PP rules and payment dates again pcfc RIP unable to get a team together Sounds a bit better on your CV than failed to find a financial solution Link to comment Share on other sites More sharing options...
pedg Posted 4 July, 2012 Share Posted 4 July, 2012 Wow apart from small mistake that I have changed for you There, now fits most people I have met in HR the past 3 months But people in HR also have to get off their bottoms when someone has to leave. Another thing that anyone at pompey don't have to deal with. Link to comment Share on other sites More sharing options...
CB Saint Posted 4 July, 2012 Share Posted 4 July, 2012 So lawrence can't find a suitble place for his family to live in down here on £5000/w - my heart bleeds More like his family have moved mback to Stoke because he has a move lined up, up north and is waiting out the end game to ensure he gets his back pay. Link to comment Share on other sites More sharing options...
Ken Tone Posted 4 July, 2012 Share Posted 4 July, 2012 So the FL are sticking to their guns and not allowing Pompey to sign any players, in accordance with clear FL rules. Is THIS the way they're going to kill them? If they can't sign players, they can't fulfill their fixtures. If they can't fulfill their fixtures, they're out of the league. Might be a less messy way for the the FL to kill them than use rules that don't yet exist in relation to their financial situation. Don't forget that actually they still have 10 very highly paid, ex championship, or even ex-PL, players on their books , plus some 'promsing youngsters'. So apart from the lack of a goalie they could actually put out a very good team by L1 standards if the season started tomorrow. So there is no need for them to recruit anybody yet ..not until they actually get rid of some of the big earners. Once they do, I suspect the FL will reconsider. And they will always let clubs sign a keeper in an emergency. All this story tells us is that the FL is not letting them sign replacements for players that haven't gone yet. Well, whoopy do! Link to comment Share on other sites More sharing options...
Sevvy Posted 4 July, 2012 Share Posted 4 July, 2012 Perhaps they are waiting to see what happens to Rangers, to see how it should be done, Link to comment Share on other sites More sharing options...
Wes Tender Posted 4 July, 2012 Share Posted 4 July, 2012 Don't forget that actually they still have 10 very highly paid, ex championship, or even ex-PL, players on their books , plus some 'promsing youngsters'. So apart from the lack of a goalie they could actually put out a very good team by L1 standards if the season started tomorrow. So there is no need for them to recruit anybody yet ..not until they actually get rid of some of the big earners. Once they do, I suspect the FL will reconsider. And they will always let clubs sign a keeper in an emergency. All this story tells us is that the FL is not letting them sign replacements for players that haven't gone yet. Well, whoopy do! Not allowed to sign players and yet they release one of their former academy youngsters, a 19 year old, to sign for Havant & Waterlooville. According to this article, http://nonleague.pitchero.com/news/hawks-bag-pompey-youngster-14357/ he is a talented midfielder. But apparently not talented enough for the Skates. They make me sick. Link to comment Share on other sites More sharing options...
View From The Top Posted 4 July, 2012 Share Posted 4 July, 2012 Don't forget that actually they still have 10 very highly paid, ex championship, or even ex-PL, players on their books , plus some 'promsing youngsters'. So apart from the lack of a goalie they could actually put out a very good team by L1 standards if the season started tomorrow. So there is no need for them to recruit anybody yet ..not until they actually get rid of some of the big earners. Once they do, I suspect the FL will reconsider. And they will always let clubs sign a keeper in an emergency. All this story tells us is that the FL is not letting them sign replacements for players that haven't gone yet. Well, whoopy do! If they play the players that they have but can't afford the sh.it storm that will arise from the other L1 clubs will be huge. That will be considered "gaining an unfair advantage" & I'm quite sure that the club has been told that. Link to comment Share on other sites More sharing options...
trousers Posted 4 July, 2012 Share Posted 4 July, 2012 Not allowed to sign players and yet they release one of their former academy youngsters, a 19 year old, to sign for Havant & Waterlooville. According to this article, http://nonleague.pitchero.com/news/hawks-bag-pompey-youngster-14357/ he is a talented midfielder. But apparently not talented enough for the Skates. They make me sick. One for one of our regular Football League corresponders to ask for their comment on I would venture.... Link to comment Share on other sites More sharing options...
ALWAYS_SFC Posted 4 July, 2012 Share Posted 4 July, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/league-turn-down-pompey-plea-1-4018581 GOOD! you DFCSB`s ‘There is no indication when this will change, although once players start to leave it will free things up. It’s a fluid situation. ‘In the meantime, these players continue to make sacrifices in the form of deferrals to help the club continue, so it’s not black and white. The debt is growing.... Link to comment Share on other sites More sharing options...
Lurkster Posted 4 July, 2012 Share Posted 4 July, 2012 Gillingham ordered to leave training ground by council Gillingham have been ordered to leave their training ground after failing to pay bills. http://www.bbc.co.uk/sport/0/football/18703824 Link to comment Share on other sites More sharing options...
70's Mike Posted 4 July, 2012 Share Posted 4 July, 2012 So lawrence can't find a suitble place for his family to live in down here on £5000/w - my heart bleeds More like his family have moved mback to Stoke because he has a move lined up, up north and is waiting out the end game to ensure he gets his back pay. he has been renting a big house on the waterfront in Warsash Link to comment Share on other sites More sharing options...
Truckasaurus Posted 4 July, 2012 Share Posted 4 July, 2012 club 24 have just employed a "recruitment officer" :lol::lol::lol::lol::lol: I've just done a wee in my pants. God bless the Siemens Extraklasse WT 1300 washing machine. Link to comment Share on other sites More sharing options...
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