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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella
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miserableoldgit

miserableoldgit

Posted
Posted
Solent said it first and storrie boy confirmed it...

 

Will the the blue few give him some grief?

Of course they won`t! They won`t want to upset him in case he goes off in a huff and pulls out of the takeover - or is it takes out a pullover - not sure.

miserableoldgit

miserableoldgit

Posted
Posted
The didn't get a full house? My word. that isn't possible, surely.....

Strange for such a massive club with a massive support not to fill their "stadium" for a bright new Premier League season. Still when they get their 40,000 seater World Cup venue I`m sure that they will manage to...... half fill it.

OldNick

OldNick

Posted
Posted

Was it John Travolta sitting next to Storrie yesterday, he had a white suit on.

Obviously a large part of the 16k s/t holders that Ho's mate said they were going to sell must have been either held up in traffic or on holiday.Lol

Saint_John

Saint_John

Posted
Posted

Even their own players are talking about the "A" word :-

http://www.guardian.co.uk/football/blog/2009/aug/16/david-james-portsmouth-takeover-finances

 

Some quotes :-

"...Hearing that dreaded word – administration ..."

 

"...You can't help but start wondering whose fault is this?..."

 

"...It all goes back to the age-old problem of football clubs existing beyond their means,..."

 

"...This league is supposed to be bulletproof. But over the summer months, as we began to sell our players, those left in the dressing room couldn't help looking round and wondering, "Who's next?" ..."

benjii

benjii

Posted
Posted

 

Ok, I've run the article through an online translator and it's come up with this:

 

"Come and get me, Harry."

 

It did struggle making sense of this rather baffling section though:

 

as a Luton fan and, although it pains me to say it, Luton's troubles were never entirely surprising. For years the club seemed to survive on a shoestring budget, with a dodgy stadium, low revenue and small attendances.

But at Portsmouth it's a different scenario altogether

 

No, David. No, it isn't.

CB Fry

CB Fry

Posted
Posted
Administration might not be too bad for the skates. Anyone buying them up will at least inherit a PL income, and they would shed a mountain of debt.

 

 

Actually, no they wouldn't. It isn't like us where we could screw Aviva down to accepting a fraction of the total mortgage on SMS.

 

Pompey's debt is all player wage related. And the PFA (and the PL) will demand all player debts are honoured. Every penny of it. In football you can't walk away from those debts. You can with the Pie Supplier and St John's Ambulance, but not with players - it is written.

 

That's why Leeds were still paying Robbie Fowler four years later and why there is so little wriggle room for our friends down the road.

Clapham Saint

Clapham Saint

Posted
Posted
Actually, no they wouldn't. It isn't like us where we could screw Aviva down to accepting a fraction of the total mortgage on SMS.

 

Pompey's debt is all player wage related. And the PFA (and the PL) will demand all player debts are honoured. Every penny of it. In football you can't walk away from those debts. You can with the Pie Supplier and St John's Ambulance, but not with players - it is written.

 

That's why Leeds were still paying Robbie Fowler four years later and why there is so little wriggle room for our friends down the road.

 

In addition to the above there is also the fact that they are going to struggle to find a new buyer.

 

If Mr. A.N. Investor wants to buy a club and make it a going concern in the PL he is going to have to spend a S**T load of money.

 

1) Clearing all of the player related debt as above,

2) Build a Stadium

3) Buy a training ground anf facilities

4) Fund losses during the time it takes to do all of the above (2 years minimum)

5) Fund new player transfers

 

My guess is:

 

1) £20m?

2) £70m

3) £20m?

4) £15m

5) £30?

 

So that's £155m to start, or you could just buy Newcastle for £60m leaving you £95m change.

 

Hmmm, I'm sure they'll find someone...

Thedelldays

Thedelldays

Posted
Posted
In addition to the above there is also the fact that they are going to struggle to find a new buyer.

 

If Mr. A.N. Investor wants to buy a club and make it a going concern in the PL he is going to have to spend a S**T load of money.

 

1) Clearing all of the player related debt as above,

2) Build a Stadium

3) Buy a training ground anf facilities

4) Fund losses during the time it takes to do all of the above (2 years minimum)

5) Fund new player transfers

 

My guess is:

 

1) £20m?

2) £70m

3) £20m?

4) £15m

5) £30?

 

So that's £155m to start, or you could just buy Newcastle for £60m leaving you £95m change.

 

Hmmm, I'm sure they'll find someone...

 

 

if anyone was serious in buying pompey (should this storrie/good Dr thing goes wrong) then it would make sense to buy them from admin or at least buy them in the CCC...

 

either way....I will love watching them struggle this year and read the excuses in why less fans go

Saint in Paradise

Saint in Paradise

Posted
Posted

'' Fahim - who was denied tickets to sit with Pompey fans at yesterday's home game with Fulham

amid fears for his safety, had to stay in the directors' box - How to really make SAFs mind up :D

 

David James asks "You can't help but start wondering whose fault is this," the England keeper continued

in his column for the Observer.

 

"Where has all that income gone?

 

Try looking in your Bank account Mr James :D

Corporate Ho

Corporate Ho

Posted
Posted
I dont think so we were relegated as the powers that be decided we would have -10 to suit their agenda.When you get a fair penalty for buying the cup, then it will be evened up.

 

LOL. So it was a conspiracy was it Nick Nack? I thought it was because it was because it was absolutely transparent to everyone that the club and SLH were effectively one and the same thing.

 

As for us "buying" the cup, which players did we spend big money on to buy it exactly. And will you now be moaning if Liebherr or however you spell it buys your way back into the Prem?

 

Mick Channon

Peter Osgood

Steve Williams

Alan Ball

Chris Nicholl

Dave Watson

Ivan Golac

Kevin Keegan

Mark Wright

Mick Mills

Peter Shilton

Jimmy Case

Matt Le Tiss

Alan Shearer

Wallaces

Neil Ruddock

Jason Dodd

Franny Benali

Wayne Bridge

James Beattie

Theo Walcott

 

Presumably you're listing this lot as football "legends". I'm sorry to break this to you but with the exception of Keegan, Ball and Shilton maybe Shearer who left you as soon as someone waved a chequebook at him) no other football fan would consider anyone on that list as a "legend". I know you love Le Tissier for his loyalty and fair play to him for it but he's not exactly a George Best or a Pele is he.

 

No YOU'VE got to be joking.. all that link proves is that for 40 odd years you had a bigger stadium, sorry, ground than ours. Big deal! it's how full the ground was counts. You had a bigger ground but how often was it full? The Dell was, Fratton wasn't, a fact you seem to have not just glossed over but completely ignored..

 

I love the way you've completely sidestepped every point. The truth is, and you avoided this like the plague, that those figures showed average attendances so for the years shown your average attendance was, at best half full and on numerous occasions TWO THIRDS EMPTY

 

I loved BIG DAZZA'a quote earlier about how when the going gets tough Saints fans are magnificent. Are those the same fans where 50% of them deserted the club in a couple of years after relegation? It may have escaped your notice Dazza but that meant that on many occasions your own ground was half empty. After just two or three years. How empty would it be if you'd spent as many years as Pompey fans did watching the club bled dry. Hypothetical question, impossible to answer but easy to guess at seeing as your crowds went down from 32,000 to 17,000 in a couple of years.

 

As for The Dell averaging 95% capacity, we may get the odd **** crowd at Fratton like on Saturday (there's always the odd game where there's a low attendance for some reason - remind me which club holds the record for the lowest ever Prem attendance - whatever the reason may have been) but since we came back up Pompey have averaged crowds of 97% capacity. And I've worked that out at our current capacity of 20,600 which is about 400 or so higher than when we came up so the overall average is slightly higher. If you think I'm wrong and want to prove it, use this website.

 

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

 

Was it John Travolta sitting next to Storrie yesterday, he had a white suit on.

Obviously a large part of the 16k s/t holders that Ho's mate said they were going to sell must have been either held up in traffic or on holiday.Lol

 

When did I say we'd reach 16,000 sales Nick Nack? I'm not changing any goalposts here, post the original link to show what i said

 

In addition to the above there is also the fact that they are going to struggle to find a new buyer.

 

If Mr. A.N. Investor wants to buy a club and make it a going concern in the PL he is going to have to spend a S**T load of money.

 

1) Clearing all of the player related debt as above,

2) Build a Stadium

3) Buy a training ground anf facilities

4) Fund losses during the time it takes to do all of the above (2 years minimum)

5) Fund new player transfers

 

My guess is:

 

1) £20m?

2) £70m

3) £20m?

4) £15m

5) £30?

 

So that's £155m to start, or you could just buy Newcastle for £60m leaving you £95m change.

 

Hmmm, I'm sure they'll find someone...

 

1. What player related debt? All the big earners are off the wage bill. I posted another piece to show that we've shaved at least £20m a year and possibly as much as £30m off the wage bill. Clapham said he'd read we were losing £2m a month. That wage saving knocks that loss on the head.

2. Expansion of Fratton to 30,000 is covered by funding from Tesco to build a supermarket on land adjacent to the ground owned by PFC. Well documented. A new stadium would cost far more (if it ever happens) but it's also been widely reported that if we were to build a new stadium at Horsea then the FA would contribute towards the costs. Who knows if that will ever happen.

3. Costs for the training ground at Lee on Solent were reported as being £11 - £12m. Presumably this would be spread across a number of years and not paid in one lump sum anyway.

4/5. Anyone buying a Prem club isn't going to do it for profit, it's a toy. I'd imagine these costs would be factored in. Not to mention that a big chunk of transfer fees and wages are covered by the money from TV.

 

Going on to your point about Newcastle, buy them for £60m? Thought Ashley wanted £100m. Even if I went with your figure, would the same "facts" you mentioned above re Pompey not still apply (ie player related debt, funding losses and player purchases) not to mentionthe fact that they are reportedly £280m in debt. Seems to make your £60m price tag a little optimistic, wouldn't you say?

Danny

Danny

Posted
Posted

4/5. Anyone buying a Prem club isn't going to do it for profit, it's a toy.

 

Is that a euphemism for money laundering/tax evasion? ;)

 

As for the debt issue, once you clear all your debts, PFC have two options - rebuild within the budget available (even with the Sky money, a 20,000 capacity will hold you back) or try and get back to the dizzy heights of 18 months ago (which will involve accruing a debt once again).

 

Even redeveloping Fratton will cost the club (Tesco are NOT covering the cost at all. The proposed Fratton supermarket would cover at most half of the cost it would be to redevelop FP to the 30k mark, assuming it gets past planning with the nearby Asda and the Tesco in the town centre).

 

As for Horsea Island, there is not a chance in hell that any business would spend £30m on developing their current premises, just to jump ship five years later for a development which would cost upwards of £60m - especially when the resale value of even a redeveloped FP would be unlikely to fetch anything more than (a very optimistic) £10m.

FMPR

FMPR

Posted
Posted

With so many experts about takeovers here I fail to see how Paul Allen really didnt take you lot over, or Le Tissier, or the bloke with his mum.

 

You guys are just so on the ball when it comes to your own club that I must believe so many of the "conclusions" you write about Pompey

Clapham Saint

Clapham Saint

Posted
Posted

1. What player related debt? All the big earners are off the wage bill. I posted another piece to show that we've shaved at least £20m a year and possibly as much as £30m off the wage bill. Clapham said he'd read we were losing £2m a month. That wage saving knocks that loss on the head.

 

Please show me this other piece. I don't doubt that you did post something but I think it very unlikely that you have shaved £20m (let alone £30!!) off teh wage bill.

 

Also the players wages are not debt (yet). Did you pay for every layer that you bought over the last 3 years up front? Did you B*locks. Your accounts (as posted by somebody else on here) show you to have monumental debts Well over £100m odd if memory serves (but I'll try to find the post after I finish this).

 

Do you honestly thing that this has now been cleared? Oh dear...

 

 

2. Expansion of Fratton to 30,000 is covered by funding from Tesco to build a supermarket on land adjacent to the ground owned by PFC. Well documented. A new stadium would cost far more (if it ever happens) but it's also been widely reported that if we were to build a new stadium at Horsea then the FA would contribute towards the costs. Who knows if that will ever happen.

 

Really? Again this sounds very much like P*mey fans tryiong to persuade themselves and taking as true something that you want to believe. How much do you expect Tesco to pay for this car park?

 

I thought you needed the land in order to rotate the pitch to allow for expansion anyway? How will this be possible if you sell it to Tesco?

 

How much do you actually think it is going to cost to up capacity by 50% or so? I suppose if the current stadium were biuilt with potential expansion in mind and was already structurally sound enough to build additional tiers on top of the current stands then it might not that much in comparision... Oops

 

And anyway is this land not what is holding up completion of the deal? The deal won't go through at all if sacha can't keep the car park so either you don't get an investor at all or you don't have any money from Tesco...

 

3. Costs for the training ground at Lee on Solent were reported as being £11 - £12m. Presumably this would be spread across a number of years and not paid in one lump sum anyway.

 

Ok my figure was a guess based on nothing in particular so I'm happy to take yours. Even if spread over a year or two it is still a cost that the new owner will have to cover.

 

 

4/5. Anyone buying a Prem club isn't going to do it for profit, it's a toy. I'd imagine these costs would be factored in. Not to mention that a big chunk of transfer fees and wages are covered by the money from TV.

 

Factored into what? The fact that you acknowledge that there will be a cost doesn't mean that that cost no longer counts...

 

As for the the TV money, it hasn't even covered your wage bill and running costs. What makes you think it is suddenly going to cover wages, running costs and player transfers?

 

All this ignoring the fact that Sacha seems to be taking the August installment for himself.

 

 

Going on to your point about Newcastle, buy them for £60m? Thought Ashley wanted £100m. Even if I went with your figure, would the same "facts" you mentioned above re Pompey not still apply (ie player related debt, funding losses and player purchases) not to mentionthe fact that they are reportedly £280m in debt. Seems to make your £60m price tag a little optimistic, wouldn't you say?

 

Almost all of Newcastle's debt is due to Ashley.

 

Unlike your current owner he has at least realised tht he has F**ked up and is prepared to take a bath on what he is owed in order to facilitate a sale.

 

This report a few months ago indicated he would accept £100m.

There were reports since (although I admitedly can't find one right now and need to get some work done) that he was receiving offers of £60m.

 

So although they may have some football related debt (you are right there) it would need to be in the order of £100m to make them a comparable investment to P*mpey. Somehow I doubt it.

 

 

Back to you

Thedelldays

Thedelldays

Posted
Posted
With so many experts about takeovers here I fail to see how Paul Allen really didnt take you lot over, or Le Tissier, or the bloke with his mum.

 

You guys are just so on the ball when it comes to your own club that I must believe so many of the "conclusions" you write about Pompey

 

 

I think the fact that we have been led down the garden path a few times over the last couple of years makes us perfect in seeing when something is not right... especially when it is on our very own local news stations.

 

or, is the good Dr about to swan in with money to burn..?

after all, corpy said so..!!

Clapham Saint

Clapham Saint

Posted
Posted
With so many experts about takeovers here I fail to see how Paul Allen really didnt take you lot over, or Le Tissier, or the bloke with his mum.

 

You guys are just so on the ball when it comes to your own club that I must believe so many of the "conclusions" you write about Pompey

 

I think the fact that we have been led down the garden path a few times over the last couple of years makes us perfect in seeing when something is not right... especially when it is on our very own local news stations.

 

or, is the good Dr about to swan in with money to burn..?

after all, corpy said so..!!

 

We've seen this before.

 

We were lead down the garden path by pinacle as you are being by the Dr.

 

You however continue to cling to the hope that reality may not have to be acknowledged.

CB Fry

CB Fry

Posted
Posted

4/5. Anyone buying a Prem club isn't going to do it for profit, it's a toy.

 

 

Funny that Milan made a fat profit out of you though, aint it?

 

And Funny that the ulitmate "I'm only doing it for the love of the club" ultramegafan pompeytillIdie owner Sacha seems pretty darn keen to get all his investment back.

 

It's a toy but your current owner is holding up the queue in Woolies with a reciept in his hand ranting about speaking to the store manager. He wants his money back, mush.

 

Or, to put it another way, he's "doing it for profit".

Verbal

Verbal

Posted
Posted
And what happened to the big announcement which was going to shut us all up on Friday CoHo?

 

The clue is in the word 'Friday', the day on which, throughout human history, nothing has ever happened.

ItchenRob

ItchenRob

Posted
Posted

Corp Ho : "As for The Dell averaging 95% capacity, we may get the odd **** crowd at Fratton like on Saturday (there's always the odd game where there's a low attendance for some reason - remind me which club holds the record for the lowest ever Prem attendance - whatever the reason may have been)"

 

It's Wimbledon. HTH

miserableoldgit

miserableoldgit

Posted
Posted
LOL. So it was a conspiracy was it Nick Nack? I thought it was because it was because it was absolutely transparent to everyone that the club and SLH were effectively one and the same thing.

 

As for us "buying" the cup, which players did we spend big money on to buy it exactly. And will you now be moaning if Liebherr or however you spell it buys your way back into the Prem?

 

 

 

Presumably you're listing this lot as football "legends". I'm sorry to break this to you but with the exception of Keegan, Ball and Shilton maybe Shearer who left you as soon as someone waved a chequebook at him) no other football fan would consider anyone on that list as a "legend". I know you love Le Tissier for his loyalty and fair play to him for it but he's not exactly a George Best or a Pele is he.

 

 

 

I loved BIG DAZZA'a quote earlier about how when the going gets tough Saints fans are magnificent. Are those the same fans where 50% of them deserted the club in a couple of years after relegation? It may have escaped your notice Dazza but that meant that on many occasions your own ground was half empty. After just two or three years. How empty would it be if you'd spent as many years as Pompey fans did watching the club bled dry. Hypothetical question, impossible to answer but easy to guess at seeing as your crowds went down from 32,000 to 17,000 in a couple of years.

 

As for The Dell averaging 95% capacity, we may get the odd **** crowd at Fratton like on Saturday (there's always the odd game where there's a low attendance for some reason - remind me which club holds the record for the lowest ever Prem attendance - whatever the reason may have been) but since we came back up Pompey have averaged crowds of 97% capacity. And I've worked that out at our current capacity of 20,600 which is about 400 or so higher than when we came up so the overall average is slightly higher. If you think I'm wrong and want to prove it, use this website.

 

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

 

 

 

When did I say we'd reach 16,000 sales Nick Nack? I'm not changing any goalposts here, post the original link to show what i said

 

 

 

1. What player related debt? All the big earners are off the wage bill. I posted another piece to show that we've shaved at least £20m a year and possibly as much as £30m off the wage bill. Clapham said he'd read we were losing £2m a month. That wage saving knocks that loss on the head.

2. Expansion of Fratton to 30,000 is covered by funding from Tesco to build a supermarket on land adjacent to the ground owned by PFC. Well documented. A new stadium would cost far more (if it ever happens) but it's also been widely reported that if we were to build a new stadium at Horsea then the FA would contribute towards the costs. Who knows if that will ever happen.

3. Costs for the training ground at Lee on Solent were reported as being £11 - £12m. Presumably this would be spread across a number of years and not paid in one lump sum anyway.

4/5. Anyone buying a Prem club isn't going to do it for profit, it's a toy. I'd imagine these costs would be factored in. Not to mention that a big chunk of transfer fees and wages are covered by the money from TV.

 

Going on to your point about Newcastle, buy them for £60m? Thought Ashley wanted £100m. Even if I went with your figure, would the same "facts" you mentioned above re Pompey not still apply (ie player related debt, funding losses and player purchases) not to mentionthe fact that they are reportedly £280m in debt. Seems to make your £60m price tag a little optimistic, wouldn't you say?

 

retrologo1.jpg

Corporate Ho

Corporate Ho

Posted
Posted
As for the debt issue, once you clear all your debts, PFC have two options - rebuild within the budget available (even with the Sky money, a 20,000 capacity will hold you back) or try and get back to the dizzy heights of 18 months ago (which will involve accruing a debt once again).

 

Even redeveloping Fratton will cost the club (Tesco are NOT covering the cost at all. The proposed Fratton supermarket would cover at most half of the cost it would be to redevelop FP to the 30k mark, assuming it gets past planning with the nearby Asda and the Tesco in the town centre).

 

As for Horsea Island, there is not a chance in hell that any business would spend £30m on developing their current premises, just to jump ship five years later for a development which would cost upwards of £60m - especially when the resale value of even a redeveloped FP would be unlikely to fetch anything more than (a very optimistic) £10m.

 

Cost of redeveloping Fratton has been reported as £22m which sounds about right to me. New stadium builds tend to cost around £2m per seat (ie a 30K stadium would cost around £60m) so an increase in capacity of 10,000 for £22m sounds right. Tesco have been reported as willing to pay around 70% of this cost. That would leave Pompey to find around £6.5. Given that an extra 10K seats a year would generate approx £6m in revenue (at an average cost of £30 a seat) we'd pay that back fairly quickly. Even allowing for the predicatable "you wouldn't fill it" nonsense it would allow us to offer better facilities, family section, corporate hosting etc etc so it seems a fair assumption. IF (big if) Horsea ever did get the go ahead then you're right, we'd probably get around £10m for the land Fratton stands on. Seems like a decent deal all round.

 

Please show me this other piece. I don't doubt that you did post something but I think it very unlikely that you have shaved £20m (let alone £30!!) off teh wage bill.

 

I posted that the players we've sold were on salaries as follows (or close to)

Crouch - £70K pw

Defoe - £60K pw

Diarra - £80K pw

Muntari - £60K pw

Campbell - £70Kpw +

Johnson - £50K pw

 

That's £19.5m a year saved right there. Add in the likes of Traore, Pamarot, Davis, Glen Little, Lauren etc etc all of whom were on £1m a year + minimum and tell me where my maths don't add up.

 

 

Also the players wages are not debt (yet). Did you pay for every layer that you bought over the last 3 years up front? Did you B*locks. Your accounts (as posted by somebody else on here) show you to have monumental debts Well over £100m odd if memory serves (but I'll try to find the post after I finish this).

 

Do you honestly thing that this has now been cleared? Oh dear...

 

I think most of that debt has been cleared, yes. The reason for that is that most of our big buys (Crouch, Defoe, Muntari etc) either had their fee wiped as a result of being sold on (Spurs swallowing repayments owed for other players plus giving us cash when they re-seigned Defoe, the Johnson transfer to Livferpool wiping out the remainder of what we owed for Crouch etc) plus us making big, big profits on most of them (£13m profit on Johnson, £6m profit on Muntari, £15m profit on Diarra). Agreed, we won't receive all that money up front but it did wipe out the debt we'd accrued in signing them in the first place. Do you agree or not. And feel free to highlight any other big buys that we may still be paying for if you can find them. The accounts ytou mention are 18 months old by the way and therefore don't include all the above player sales. Once again, do the maths and tell me where it doesn't add up.

 

 

 

Really? Again this sounds very much like P*mey fans tryiong to persuade themselves and taking as true something that you want to believe. How much do you expect Tesco to pay for this car park?

 

I thought you needed the land in order to rotate the pitch to allow for expansion anyway? How will this be possible if you sell it to Tesco?

 

How much do you actually think it is going to cost to up capacity by 50% or so? I suppose if the current stadium were biuilt with potential expansion in mind and was already structurally sound enough to build additional tiers on top of the current stands then it might not that much in comparision... Oops

 

And anyway is this land not what is holding up completion of the deal? The deal won't go through at all if sacha can't keep the car park so either you don't get an investor at all or you don't have any money from Tesco...

 

See post above.

 

 

3. Costs for the training ground at Lee on Solent were reported as being £11 - £12m. Presumably this would be spread across a number of years and not paid in one lump sum anyway.

 

Ok my figure was a guess based on nothing in particular so I'm happy to take yours. Even if spread over a year or two it is still a cost that the new owner will have to cover.

Agreed, it is. But why spread it over a year or two. Why not 5? Or 10? Makes it much more affordable then, especially with SKY money coming in.

 

As for the the TV money, it hasn't even covered your wage bill and running costs. What makes you think it is suddenly going to cover wages, running costs and player transfers?

 

Presumably because we won't be paying people £80K a week anymore. It wasn't the fees that crippled us, it was the wages we were paying

 

 

All this ignoring the fact that Sacha seems to be taking the August installment for himself.

 

And you base this on something you've seen reported in the tabloids? Or do you have some facts to back this up? He's reportedly taking a percentage of the payment, not all of it. Still leaves enough to cover running costs. Would make no financial sense for him to do otherwise

 

Almost all of Newcastle's debt is due to Ashley.

 

Unlike your current owner he has at least realised tht he has F**ked up and is prepared to take a bath on what he is owed in order to facilitate a sale.

 

This report a few months ago indicated he would accept £100m.

There were reports since (although I admitedly can't find one right now and need to get some work done) that he was receiving offers of £60m.

 

So although they may have some football related debt (you are right there) it would need to be in the order of £100m to make them a comparable investment to P*mpey. Somehow I doubt it

 

According to a report be Deloitte, at the end of the 2007/8 season Newcastle were £238m in debt. Admittedly, these were in the form of soft loans from Ashley but do you really believe that he would walk away from £140m? Interestingly, Pompey don't appear in the top 10 of Prem clubs with debt on this report.

 

http://www.telegraph.co.uk/telegraph/multimedia/archive/01416/ARFF_2009_Chart_5__1416227a.pdf

 

Additionally, a report in The Times says they're losing £200K a day (!) having to pay players wages without the SKY income.

 

http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article6458160.ece

 

That means that on top of paying £100m to buy the club you're losing £70m a year even before you start buying players.

 

And what happened to the big announcement which was going to shut us all up on Friday CoHo?

 

Read the post again. Announcement to be made "possibly as early as Friday"

Verbal

Verbal

Posted
Posted

CoHo, if you're going to go on at this length, could you do a 'digested read' for those of us without the energy? Along the lines of 'P*mpey are screwed.' You get the picture.

 

Thank you in advance.

OldNick

OldNick

Posted
Posted

When did I say we'd reach 16,000 sales Nick Nack? I'm not changing any goalposts here, post the original link to show what i said

 

Copied from your post ------

 

I don't think it's a case of no-one wanting to answer, more that it hasn't been reported anywhere. If it's been made public you should be able to find out just as easily as any Pompey fan, surely. I asked a friend at the club and was told it's somewhere around 12,000 so far but with numbers expected to go to the full 16,000 once the takeovers completed and new players start to arrive to calm people down a bit.

 

 

(Corp ho quote)

LOL. So it was a conspiracy was it Nick Nack? I thought it was because it was because it was absolutely transparent to everyone that the club and SLH were effectively one and the same thing. (end quote)

 

No it was not a conspircay, morally the club deserved its punishment and we have taken the hit.When you lot stole from the pie sellers etc you never got any proper sanctions, in fact it made you even more of a bargain as MM did not have to face a -10 points penalty, had that happened he would never have taken you on and there would now not be a PFC.

 

(HO quote)

As for us "buying" the cup, which players did we spend big money on to buy it exactly. And will you now be moaning if Liebherr or however you spell it buys your way back into the Prem? (end quote)

 

Look at your cup final team and tell us if you had not put the club into crippling debt which of those players you could have afforded on your normal revenue. Defoe Crouch Sol James Kanu Distin Krankjar etc etc wages would not in a million years be able to be taken on if you had not gone for broke and spent beyond your means.You bought your success and you will hopefully get your medicine.I want you to survive but I think that you had the highs immorally and so if decency is to prevail you get the punishment for that. If the Dr or whoever takes over stops you getting a points deduction then you have lived the dream and some.

We as a club overspent to try and get back to the PL and have taken ours.I think there is a general concensus that we should grow responsibly and in the main not expecting to be bankrolled the way HR and PS did to you.

 

...
Thedelldays

Thedelldays

Posted
Posted

Oh... I did feel for that ball boy who went onto the pitch...he clearly loves the team and got over excited and made a harmless mistake..

 

only for Paul Walsh to have a pop at the young lad on national telly...nice one

smithy

smithy

Posted
Posted
Oh... I did feel for that ball boy who went onto the pitch...he clearly loves the team and got over excited and made a harmless mistake..

 

only for Paul Walsh to have a pop at the young lad on national telly...nice one

 

That is because Paul Walsh is, was and always will be a furry front bottom

Corporate Ho

Corporate Ho

Posted
Posted

When did I say we'd reach 16,000 sales Nick Nack? I'm not changing any goalposts here, post the original link to show what i said

 

Copied from your post ------

 

I don't think it's a case of no-one wanting to answer, more that it hasn't been reported anywhere. If it's been made public you should be able to find out just as easily as any Pompey fan, surely. I asked a friend at the club and was told it's somewhere around 12,000 so far but with numbers expected to go to the full 16,000 once the takeovers completed and new players start to arrive to calm people down a bit.

 

 

Look at your cup final team and tell us if you had not put the club into crippling debt which of those players you could have afforded on your normal revenue. Defoe Crouch Sol James Kanu Distin Krankjar etc etc wages would not in a million years be able to be taken on if you had not gone for broke and spent beyond your means.You bought your success and you will hopefully get your medicine.

1. Nick Nack, I agree I worded my question "when did I say we'd sell 16,000 ST's" badly but you've proved my point for me by posting the original quote. What I meant was "by when did I say we'd have sold the full 16,000". And the answer, as you've shown, was when the takeover was completed. Not trying to wriggle out of anything as I guess you assumed but my original statement is pretty clear, is it not? The takeover would generate a good feeling amongst fans who are pretty down and generate a demand for ST's - just as your takeover did for you.

 

2. Ref us "buying" the cup. If you'd like to look at the team sheet for that day I think you'll find that neither Defore nor Crouch played - Defoe was cup tied and Crouch didn't sign until the summer after we won the final. Which means you look a complete **** Nick Nack. As for how many of the others we could afford, Sol was a big drain on us eventually but initially Arsenal were paying 50% of his wages and as we signed him on a free that evened itself out. Likewise Distin & Kanu came on frees so even if we were paying them £50K a week it's no worse than paying £2.5m for a player and £30K a week. The amounts the same in the long run. James only cost £500K and Kranjcar may have cost us £3m but is only on £30K a week. Not to mention the fact that according to what you've said in the past we only beat lower league opposition to win it so didn't need to spend big on players anyway. So, how did we "buy it Nick Nack". Admit it, you've made yourself look a right **** on this one. I can't wait to see you try and wriggle your way out of this :D

Thedelldays

Thedelldays

Posted
Posted
[/i]

 

1. Nick Nack, I agree I worded my question "when did I say we'd sell 16,000 ST's" badly but you've proved my point for me by posting the original quote. What I meant was "by when did I say we'd have sold the full 16,000". And the answer, as you've shown, was when the takeover was completed. Not trying to wriggle out of anything as I guess you assumed but my original statement is pretty clear, is it not? The takeover would generate a good feeling amongst fans who are pretty down and generate a demand for ST's - just as your takeover did for you.

 

2. Ref us "buying" the cup. If you'd like to look at the team sheet for that day I think you'll find that neither Defore nor Crouch played - Defoe was cup tied and Crouch didn't sign until the summer after we won the final. Which means you look a complete **** Nick Nack. As for how many of the others we could afford, Sol was a big drain on us eventually but initially Arsenal were paying 50% of his wages and as we signed him on a free that evened itself out. Likewise Distin & Kanu came on frees so even if we were paying them £50K a week it's no worse than paying £2.5m for a player and £30K a week. The amounts the same in the long run. James only cost £500K and Kranjcar may have cost us £3m but is only on £30K a week. Not to mention the fact that according to what you've said in the past we only beat lower league opposition to win it so didn't need to spend big on players anyway. So, how did we "buy it Nick Nack". Admit it, you've made yourself look a right **** on this one. I can't wait to see you try and wriggle your way out of this :D

 

so..if you never "bought your success"...you can look forward to many more signings soon that are similar to crouch and defoe..

 

I assume Eugene Bopp is of this standard..

NSS

NSS

Posted
Posted

Aftenoon my Stripey friends. Apologies for dropping this into the thread but I can't start my own. Of course, if anyone would care to create a new thread for it then I'd be most grateful.

 

I have some places left for our charity golf day if anyone is interested, or if you know anyone who plays then please forward info below. Cheers!

 

Ryder Cup-style Charity Golf DayIn aid of the Smile4Rich Appeal for the Wessex Neurological Centre

Quindell Club - Wednesday 9th September 2009

 

Teams captained by Saints and Pompey Legends - Matt Le Tissier & Guy Whittingham

 

Based on Ryder Cup golf, but played over 27 holes in a single day, comprising 9 holes of 4-balls and 18 holes of singles, this format has been hugely popular with those who’ve played in previous years, and has produced nail-biting finishes, last year requiring a sudden-death play-off to split the teams (which saw MLT slicing his tee-shot into the car park, resulting in a Pompey win :) ). Aside from the honour for the winning team of lifting the ‘Smile4Rich Trophy’, there’ll be a medal for every participant, plus trophies and some great prizes to be won in our ‘Longest Drive’ and ‘Nearest-the-Pin’ competitions, and a brand new car worth £10,000 for a hole-in-one!

 

This is a really enjoyable format (not your average charity golf day), and at a cost of just £100 per pair of players (including coffee/tea & bacon roll on arrival, and a ‘Brunch’ breakfast after the first 9 holes) it represents fantastic value too. For full details and an entry form, please email info@smile4rich.co.uk or click the following link http://www.smile4rich.co.uk/fundraising/event-detail-28 but you'll have to be quick as places are limited and entries must be submitted by the end of August.

 

There are also some great sponsorship opportunities available from just £75!

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