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Pompey Takeover Saga


Fitzhugh Fella

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I notice that the word 'from' is there, perhaps it is like the 'Sale 70% off' and then in very small letters 'up to' we see in shop windows.

Good idea, and the slogan is on the same grounds as 'Saints is for life not just the Premiership'

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Not from one of us.

@ReadingFC__News: #Pompey I hope you're watching #WAFC lift a FA Cup they EARNED rather than CHEATED with players they DIDNT pay for! Thats a real achievement

 

They would still be in division 4 if Dave whelan didnt subsidise their rise through the leagues. Wigan aren't an example of a club living within their means . They're an example of a club that overspent to reach the premiership gambling that once there the tv money could help them balance the books. I'm sure if boscombe take that approach next year , they'll be called the new skates on here.

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They would still be in division 4 if Dave whelan didnt subsidise their rise through the leagues. Wigan aren't an example of a club living within their means . They're an example of a club that overspent to reach the premiership gambling that once there the tv money could help them balance the books. I'm sure if boscombe take that approach next year , they'll be called the new skates on here.

 

A point completely overlooked by 99% of football fans. All we hear is about his leg breaking, the way he carries on it's a shame it wasn't his bloody neck.

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See nothing wronng with anyone spunking their own money on a pet project what they choose to do with THEIR OWN cash is up to them - Man City and Chelski are no different. What I do object to is when they fund the club by not paying hard working local businesses, charities and the taxman. Totally different scenarios.

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A point completely overlooked by 99% of football fans. All we hear is about his leg breaking, the way he carries on it's a shame it wasn't his bloody neck.

 

The thing about Whelan is he's a grade a hypercrit . He was on Alan sugars programme about football finance bemoaning teams that gambled, that over spent, said wages and debt should be capped and linked to turnover, completely ignoring the fact that had football followed his advise Wigan couldn't have risen through the leagues. Its like he wants to pull the ladder up behind him denying Rochdale, Walsall , brenford and the like the chance to emulate what wihan have done.

 

Then there was him moaning about Sven being appointed " its hindering english managers " he cried " they need a chance" before appointing that well known Englishman Roberto Martinez.

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See nothing wronng with anyone spunking their own money on a pet project what they choose to do with THEIR OWN cash is up to them - Man City and Chelski are no different. What I do object to is when they fund the club by not paying hard working local businesses, charities and the taxman. Totally different scenarios.

 

Correct me if im wrong but didn't defrauding the taxman and business happen after the skates cup win. Wasn't gaydamak doing exactly what Whelan is when they won it. I don't understand how one is cheating and one is ok.

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Correct me if im wrong but didn't defrauding the taxman and business happen after the skates cup win. Wasn't gaydamak doing exactly what Whelan is when they won it. I don't understand how one is cheating and one is ok.

 

No. They'd loaned around £50+ million just from a SA bank to pay for it and when the bank called it in it all started to unravel. Chasing the dream fu.cked them for a generation.

 

DW, like him or loathe his, has used his own money. SD had none to use but other peoples.

Edited by View From The Top
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No. They'd loaned around £50+ million just from a SA bank to pay for it and when the bank called it in it all started to unravel. Chasing the dream fu.cked them for a generation.

 

DW, like him or loathe his, has used his own money. SD had none to use but other peoples.

 

Lets wait and see where Wigan are in 5 years time, if they're skint, in administration and back where a club of their size should be, can we backdate our "cheating " claims to todays win?

 

I've no particulary wish to defend the skates, but I dont see much difference between the skates of 2008 and Wigan today.

 

As for using others money, did man Utd cheat?

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The thing about Whelan is he's a grade a hypercrit . He was on Alan sugars programme about football finance bemoaning teams that gambled, that over spent, said wages and debt should be capped and linked to turnover, completely ignoring the fact that had football followed his advise Wigan couldn't have risen through the leagues. Its like he wants to pull the ladder up behind him denying Rochdale, Walsall , brenford and the like the chance to emulate what wihan have done.

 

Then there was him moaning about Sven being appointed " its hindering english managers " he cried " they need a chance" before appointing that well known Englishman Roberto Martinez.

Why wouldn't he want smaller clubs to emulate Wigan? How much debt has he run up at Wigan?
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Why wouldn't he want smaller clubs to emulate Wigan? How much debt has he run up at Wigan?

 

They couldn't emulate Wigan because he wanted wages capped at a % of turnover. Going up through the leagues he financed the club enabling them to pay higher wages than the cap he is calling for.

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Lets wait and see where Wigan are in 5 years time, if they're skint, in administration and back where a club of their size should be, can we backdate our "cheating " claims to todays win?

 

I've no particulary wish to defend the skates, but I dont see much difference between the skates of 2008 and Wigan today.

 

As for using others money, did man Utd cheat?

'Back to where a club their size should be' - what a horrible, anti-football attitude. Edited by Sour Mash
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They couldn't emulate Wigan because he wanted wages capped at a % of turnover. Going up through the leagues he financed the club enabling them to pay higher wages than the cap he is calling for.
You haven't answered my question though.
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They would still be in division 4 if Dave whelan didnt subsidise their rise through the leagues. Wigan aren't an example of a club living within their means . They're an example of a club that overspent to reach the premiership gambling that once there the tv money could help them balance the books. I'm sure if boscombe take that approach next year , they'll be called the new skates on here.

Those DFCWBs!

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Fancy supporting a team whose rise through the lower divisions to the Premier League was subsidised by a rich benefactor.

 

I couldn't possibly begin to imagine how terrible and wrong that would feel.

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Fancy supporting a team whose rise through the lower divisions to the Premier League was subsidised by a rich benefactor.

 

I couldn't possibly begin to imagine how terrible and wrong that would feel.

 

There's nothing wrong with that whatsoever, but surely its wrong for the said benefactor to want rules brought in to prevent others following suit.

 

I couldn't give a shiny shiete how Wigan finance themselves, whether they get a loan , whether they over spend or how they run their business, provided its an equal playing field and other clubs are allowed to emulate them. My original point was in answer to the quote that it was great to see them win it fairly and not cheat as the skates did. I merely pointed out that in 2008 the skates were run on a similar basis. In my opinion neither cheated, but saying the skates cheated but Wigan somehow won it in some sort of fairy tale honourable way is nonsense.

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. In my opinion neither cheated, but saying the skates cheated but Wigan somehow won it in some sort of fairy tale honourable way is nonsense.

 

But as has already been pointed out to you, the difference is that DW has spunked his own self made fortune into Wigan whereas Pompey were almost entirely built on borrowed money, much of which they have not, nor will they ever, repay.

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Lets wait and see where Wigan are in 5 years time, if they're skint, in administration and back where a club of their size should be, can we backdate our "cheating " claims to todays win?

 

I've no particulary wish to defend the skates, but I dont see much difference between the skates of 2008 and Wigan today.

As for using others money, did man Utd cheat?

 

You can't see much difference ???

 

Look through Wigans history over the last 15 years and see if you can find ANY mention of them going into Administration TWICE, owing circa £150M and £60M. failing to pay a penny back on either occasion.

 

And also see if you can find ANY mention of Wigan renaging on debts owed to local businesses and Charities.

 

Whelan has put his own money into Wigan over the years, not money laundered or gun running type money

 

Apart from those few things, yes, there is quite a similarity between how the two clubs have been run.

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Did I bang my head last night? I appear to have woken up on a Pompey message board where they justify writing off their c.£150m debt by uttering: "well, Man Utd is run on debt - we only did what they are doing, innit?"

 

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You can't see much difference ???

 

Look through Wigans history over the last 15 years and see if you can find ANY mention of them going into Administration TWICE, owing circa £150M and £60M. failing to pay a penny back on either occasion.

 

And also see if you can find ANY mention of Wigan renaging on debts owed to local businesses and Charities.

 

Whelan has put his own money into Wigan over the years, not money laundered or gun running type money

 

Apart from those few things, yes, there is quite a similarity between how the two clubs have been run.

 

Quite, and considering the way that we managed to get back into the Premier League it would be a little bit hypocritical on our part to have a go at Wigan.

 

Wigan is a well run entity now it is in the Premier League and have actually invested in infrastructure and sensible squad management (advertise themselves as a stepping stone for up and coming talent rather then a final pay day), the Skates on the other hand.....

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You can't see much difference ???

 

Look through Wigans history over the last 15 years and see if you can find ANY mention of them going into Administration TWICE, owing circa £150M and £60M. failing to pay a penny back on either occasion.

 

And also see if you can find ANY mention of Wigan renaging on debts owed to local businesses and Charities.

 

 

Neither did the Skates in 2008.

 

If Wigan go into administration in 2 years time, will they have cheated to win this seasons FA Cup?

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Neither did the Skates in 2008.

 

If Wigan go into administration in 2 years time, will they have cheated to win this seasons FA Cup?

 

A good question.

 

If they have debts on the same or even half scale, then yes. Looking at the money used to assemble the team, only 11 million in transfer fees and a wage budget which is widely regarded as on the lower end of the Premier League scale, I would consider it highly unlikely.

 

Dave Whelan is a true benefactor, just like our own Markus Leibherr. The Skates were simply a front for shady process, but of course their fans were so deluded as the 'bestest' in world football that they could see nothing wrong with it.

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A good question.

 

If they have debts on the same or even half scale, then yes. Looking at the money used to assemble the team, only 11 million in transfer fees and a wage budget which is widely regarded as on the lower end of the Premier League scale, I would consider it highly unlikely.

 

.

 

But going up through the leagues they had a wage bill way above what they could afford. They would never have won the cup if they hadn't gone through the leagues like that. Same with Fulham, they had KK as manager in Division 3 FFS, did they cheat to get into the Premiership?

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But going up through the leagues they had a wage bill way above what they could afford. They would never have won the cup if they hadn't gone through the leagues like that. Same with Fulham, they had KK as manager in Division 3 FFS, did they cheat to get into the Premiership?

 

If it was debt their owners couldn't afford to pay, then yes.

 

The Skates didn't cheat to get into the Premier League. Neither did we, or Fulham or Wigan, or even Blackburn back in the early 90's.

 

Mandaric, Leibherr, Al-Fayed, Whelan and Sir Jack Haywood took on the clubs and paid the way.

 

The cheating for the Skates came when their wages/transfer fees went stratospheric under the leadership of Gaydamak/Storrie/Redknapp. A spend money we don't have sod all the consequences approach, that was cheating. Their two cup finals were a byproduct of that approach.

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If it was debt their owners couldn't afford to pay, then yes.

 

The Skates didn't cheat to get into the Premier League. Neither did we, or Fulham or Wigan, or even Blackburn back in the early 90's.

 

Mandaric, Leibherr, Al-Fayed, Whelan and Sir Jack Haywood took on the clubs and paid the way.

 

The cheating for the Skates came when their wages/transfer fees went stratospheric under the leadership of Gaydamak/Storrie/Redknapp. A spend money we don't have sod all the consequences approach, that was cheating. Their two cup finals were a byproduct of that approach.

There was talk in the papers that under Mandaric. The club was in massive debt I think it was 50+m then. MM jumped ship while he could. Imo you should not be under the illusion the overspend was after him

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There was talk in the papers that under Mandaric. The club was in massive debt I think it was 50+m then. MM jumped ship while he could. Imo you should not be under the illusion the overspend was after him

 

Ken Bates did the same at Chelsea, there was rumours they were days away from admin when he sold up.

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There was talk in the papers that under Mandaric. The club was in massive debt I think it was 50+m then. MM jumped ship while he could. Imo you should not be under the illusion the overspend was after him

 

There may well have been overspend, but the real damage was done down the road when Gaydamak came to town.

 

I would not have expected the implosion down to League 2 on the back of a spell of Mandaric ownership. He does have a reasonable record of taking on Football Clubs and taking them forward. (Leicester to King Power's millions/Sheffield Wednesday work in progress)

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yep, I 4-1 am.

I'm especially jealous of the gobby ones who tried to distract from their own club's appalling season and assured me that Redknapp would turn QPR around and relegate us.

Wonder how that little plan worked out.

 

At least the great pompey hero learned from his previous mistakes, bought sensibly, and didn't do special deals with agent friends that would saddle his club with overpaid deadwood and lead directly to Insolvency Central.

 

Summary of the season -

pompey sink into the bottom tier, we stay up, Redknapp relegated, and when you analyse the reality of it, between the minor peaks his managerial CV looks like a car crash...

 

I also enjoyed Ben Haim failing miserably, and Jamie O'Hara leading Wolves out of the championship.

Nice little touch to see Nugent do so well today as well.

We just need to see the great hero Rocha price himself out of bargain basement football and that will tick another box.

 

You have to make the most of it when football's great. :)

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yep, I 4-1 am.

I'm especially jealous of the gobby ones who tried to distract from their own club's appalling season and assured me that Redknapp would turn QPR around and relegate us.

Wonder how that little plan worked out.

 

At least the great pompey hero learned from his previous mistakes, bought sensibly, and didn't do special deals with agent friends that would saddle his club with overpaid deadwood and lead directly to Insolvency Central.

 

Summary of the season -

pompey sink into the bottom tier, we stay up, Redknapp relegated, and when you analyse the reality of it, between the minor peaks his managerial CV looks like a car crash...

 

I also enjoyed Ben Haim failing miserably, and Jamie O'Hara leading Wolves out of the championship.

Nice little touch to see Nugent do so well today as well.

We just need to see the great hero Rocha price himself out of bargain basement football and that will tick another box.

 

You have to make the most of it when football's great. :)

 

Karma

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Free signings only and a limited budget that they cannot go over and everything having to be ratified by the FL.

 

No dramas.

 

I guess we'll see, but I am absolutely sure they will overspend again. Obviously, we won't find out until the sh1t starts splattering the fan again... which it will IMO.

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Are they learning? The early signs are no....

 

Not sure about that, I just find it mildly amusing that a professional local journalist tweets that he's all excited about a recent premier league team scraping the bottom of the football league barrel.

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I guess we'll see, but I am absolutely sure they will overspend again. Obviously, we won't find out until the sh1t starts splattering the fan again... which it will IMO.

 

Not sure people really understand the restrictions they are now under. If they over step the mark, they're gone and those running the club know it.

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@pn_neil_allen: Going to be another busy week on the signing front for #Pompey by sound of it. New faces and familiar faces! All rather exciting.

 

I'm sure it's just a coincidence but Rooney has just put in a transfer request :)

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Neither did the Skates in 2008.

 

If Wigan go into administration in 2 years time, will they have cheated to win this seasons FA Cup?

 

The Skates in 2008 had... ONE example... Sulley Muntari in their squad. They bought him from in 2007 Udinese, for £7.1million. They sold him to Inter Milan a year later, right after the Cup Final, for £12.7m, making over a £5m profit. Yet despite actually making a vast sum of money on him, the first administration listed Udinese as creditors, with Portsmouth having missed scores of repayments for the player, and Udinese had to take them to arbitration to get money back http://www.guardian.co.uk/football/2010/jan/21/udinese-to-take-portsmouth-to-court.

 

The first Creditor document lists €930k per month repayments to Udinese, and by 2010 they were already meant to be paying Udinese €290k in "late payment interest".

 

This was their Cup Final team...

 

GK 1 David James

RB 5 Glen Johnson

CB 23 Sol Campbell ©

CB 15 Sylvain Distin

LB 7 Hermann Hreiðarsson 45+1'

DM 6 Lassana Diarra 90+3'

RM 17 John Utaka 69'

CM 30 Pedro Mendes 78'

CM 19 Niko Kranjčar 54'

LM 11 Sulley Muntari

CF 27 Kanu

 

Do we think they kept up all the payments on all of those players ? Actually paid the transfer fees in full, on time ? According to the link above, not until the Premier League paid all their football debts off (£5m of them) by advancing the money due in their first parachute payment when they were already in admin.

 

Had the Premier League not taken this action, they'd have been booted out of football even in 2010, so let's not pretend they were paying their players and could afford to do so, or they wouldn't have been missing payments over players who left them as much as 2 years previously.

Edited by The9
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http://www.portsmouth.co.uk/sport/pompey/pompey-plan-fratton-park-improvements-1-5085516

 

On gates, Portsmouth should be a championship club. It's too big for League One but probably not big enough for the Premiership unless a rich sugar daddy comes in.

 

The five year plan is stablity

 

http://www.portsmouth.co.uk/sport/pompey/catlin-pinpoints-realistic-financial-future-for-pompey-1-5084685

Edited by trousers
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