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Pompey Takeover Saga


Fitzhugh Fella

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Just watched the highlights of their game against Leeds. Did they have any fans up at Elland Road? Granted the camera didn't scan to the top of the away end but I couldn't see anyone there at all.

 

unusually, away fans were not placed in the chedda, instead put in the top left of the John Charles stand.

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Leeds have moved away fans now and increased prices.

 

£36 Adult, £29 Concession and £25 Under 16 were what Skates were being charged I think.

 

correct, Leeds charged them £36, and haved moved away fans in a disgustingly cynical attempt to milk more cash from the visiting fans, don't blame the few skates as i know for sure i won't go to Leeds if they charge us that, we have watford away a week before so will just do that instead.

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This just in from a Mr. Paul Smith, Chief football reporter for the Sunday Mirror and P*mpey fan:

 

Smudge1962 Paul Smith

Can it get anymore depressing down at Fratton Park? Nice interview recently from CIS who didn't realise how bad things were at Portsmouth

 

Smudge1962 Paul Smith

Have you heard of due diligence prior to buying a club? What CIS really meant to say was things got a whole lot worse when they brought #PFC

 

Smudge1962 Paul Smith

And to see Southampton lead the Championship. #painful

 

Smudge1962 Paul Smith

@jeff83baldwin And didn't CIS say they weren't going to throw money at Portsmouth? of course not, they don't have any.

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Leeds have moved away fans now and increased prices.

 

£36 Adult, £29 Concession and £25 Under 16 were what Skates were being charged I think.

 

OUCH. And £25 Under 16, what a joke. That just confirms how much of a to$$er Ken Bates is.

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OUCH. And £25 Under 16, what a joke. That just confirms how much of a to$$er Ken Bates is.

 

obviously i want saints to be well supported, but i'd love it for one game if everyone boycotted to make a stand and show they can't keep taking the plss with ticket prices. judging from responses i think a lot will miss the game.

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you can't blame Ken Bates, its a mystery to him who even owns the club let alone who sets the prices, he's just as much a victim as the rest of us.

Poor bloke.

 

And to get back on topic, he's possibly only the worse man to have at your club than the last four or five pompey owners, in fact for all we and the league know of his complex, evasive and sinister business dealings, he might well have been one of their owners.

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This just in from a Mr. Paul Smith, Chief football reporter for the Sunday Mirror and P*mpey fan:

 

Smudge1962 Paul Smith

Can it get anymore depressing down at Fratton Park? Nice interview recently from CIS who didn't realise how bad things were at Portsmouth

 

Smudge1962 Paul Smith

Have you heard of due diligence prior to buying a club? What CIS really meant to say was things got a whole lot worse when they brought #PFC

 

Smudge1962 Paul Smith

And to see Southampton lead the Championship. #painful

 

Smudge1962 Paul Smith

@jeff83baldwin And didn't CIS say they weren't going to throw money at Portsmouth? of course not, they don't have any.

 

NO

 

That cannot be true

 

The troll told me off when I suggested that there may have been a lack of Due Dilligence by CSI when they bought the club. He's always right.

 

Sorry just cannot accept that a Journo may also type something that the troll can abuse

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NO

 

That cannot be true

 

The troll told me off when I suggested that there may have been a lack of Due Dilligence by CSI when they bought the club. He's always right.

 

Sorry just cannot accept that a Journo may also type something that the troll can abuse

 

Is he on holiday? or has half term break at the asylum finished?

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the ho post 425571 today 11:04am

As for Lampitt, there could be any number of reasons why he moved to Pompey. Why do people normally change jobs? Could be he was under pressure at his old job at the FA. Chainrai may have offered him more money than he was on. Maybe he has ambitions to be CEO at a PL club and sees this as a stepping stone to help him achieve that. Or maybe he's a giant shape shifting lizard who's laundering millions of pounds that you keep telling me CSI haven't got through PFC with the help of backhanders to everyone at the FA/ FL/ PL/ UEFA/ FIFA. Obviously the last possibility is the most likely because it's so believable

 

 

the ho post 42555 yesterday 1:56pm

There are a couple of other whispers about Lampitt and why he might have taken the job but they're not going to get posted on a public forum and before you get excited don't relate in any way to some massive cover up. They're for far more personal reasons

 

What's it to be then STUPID?

 

Looking forward to your response.

That is, if you bother.

 

You make a great point. Actually, no you don't. What point are you trying to make. I was saying there could be any number of reasons why Lampitt left the FA, posted a few possibilities and then said there were also rumours of some other possibilities that I wouldn't post on here.

 

So, what was your point?????

 

Maybe take a look at the players we bought between July 2009 and June 2010 and compare that those those we bought between July 2010 and June 2011 before you continue down this rather stupid line. Just a tip.

 

According to Transfermark.com, you spent £2.5m in 2009/10 and £2.3m in 2010/ 11. Then add in the very high wages you were paying for L1 (£19K a week for Fonte and £13K for Jaidi was it?)

 

This is the quote that sticks out for me and ok, I haven't seen the original interview so I may be taking this out of context, but that sounds like they view the long term as 5 years. If nothing else that should worry you Corp. Now I don't know what the Liebherr family plans are after the 5 years were up but I bet Markus wasn't just planning on selling out. With the family in charge, that may change, but I feel a whole lot more comfortable with them as our owners compared to your Russian Mafia boys.

 

So they don't want to sell the club, is that because they have something else planned? Five years should be just enough to milk the carcase of the remaining parachute money, have an outside chance of getting promoted again whilst the CVA continues to be on the back burner and allow the property market to recover.

 

How many more times do you cretins need to be told, they can't touch the parachute payments.

 

As for Liebherr's intentions, do you really think he bought you because he was desperate for a football club or because he thought he could make a profit by selling you on?

 

Wow, according to the troll's maths we spent 250 million quid on Rickie & his wages. Damn I wish I'd chosen to be a bathroom architect in life, money for old fish

 

Once again, I feel compelled to write WTF are you on about to one of Philly's posts.

 

WTF ARE you on about here Philly?

 

Am I wrong or has cotterill signed about 5 strikers on big wages? What's he moaning about? Fees probably to a couple of million or more too. If he still needs a goalscorer he's admitting he's fcked it up. Money and squad size aren't the issue steve you mong.

 

What are these "big wages" they're on Adrian. Apart from Kitson, what are the others being paid every week. You seem to have inside information on this, maybe you coudl share it with us?

 

Indeed.

 

It was posted on here about two months before the new owners announced the wonderful refurbishment of the toilets, that the health and safety inspection before the season started had stated what work needed to be done in order to get the ground OK'd and certificated.

 

It came as no surprise to most of us here, when the new owners announced the refurbishment, it was even posted how much was needed to do the work, so the figure they put out into the open wasn't a surprise either. Except of course to the Corpse who trumpeted the announcement as the new dawn at Fratton, and that everything was rosy in the garden!

 

I trumpeted CSI taking over as a "new dawn" did I? LOL.

 

Clotterball will be replaced by Paul Ince inside a month.

 

Is your information on this based on the fact that he was at Fratton at the Blackpool game? He was there to watch his son play for Blackpool

 

This just in from a Mr. Paul Smith, Chief football reporter for the Sunday Mirror and P*mpey fan:

 

Smudge1962 Paul Smith

Can it get anymore depressing down at Fratton Park? Nice interview recently from CIS who didn't realise how bad things were at Portsmouth

 

Smudge1962 Paul Smith

Have you heard of due diligence prior to buying a club? What CIS really meant to say was things got a whole lot worse when they brought #PFC

 

Smudge1962 Paul Smith

And to see Southampton lead the Championship. #painful

 

Smudge1962 Paul Smith

@jeff83baldwin And didn't CIS say they weren't going to throw money at Portsmouth? of course not, they don't have any.

 

NO

 

That cannot be true

 

The troll told me off when I suggested that there may have been a lack of Due Dilligence by CSI when they bought the club. He's always right.

 

Sorry just cannot accept that a Journo may also type something that the troll can abuse

 

Well excuse me for not getting too het up about a Pompey fan journalist who can't even get the owners company name correct. What he wrote was based on their commets about spending money to improve the toilets. At no point did they say this WASN'T picked up during due diligence, just that they couldn't believe it hadn't been done before.

 

Philly, why don't you tell us how you know they didn't perform full due diligence, rather than just speculating that because they're Russian (apart from Chris Akers who's English of course) they thought they were getting a good deal. I mean, you've hardly covered yourself in glory with your ITK knowledge have you - that they still own SAAB, that they were dropping their bid for Pompey to buy Bournemouth and on and on.

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According to Transfermark.com, you spent £2.5m in 2009/10 and £2.3m in 2010/ 11. Then add in the very high wages you were paying for L1 (£19K a week for Fonte and £13K for Jaidi was it?)

 

 

 

 

What are these "big wages" they're on Adrian. Apart from Kitson, what are the others being paid every week. You seem to have inside information on this, maybe you coudl share it with us?

 

 

But you know the intimate details of Fonte and Jaidi's wage packet do you? How do you know that? What's your inside information? Can you share it with us?

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Just seen this, CSI asking on facebook how to improve fratton. Knock it down surely!

 

http://www.facebook.com/groups/converssports/?id=267042513330628

 

Fixing the clock above the Fratton End

 

New and bigger toilets, paint the inside of the North stand...it looks like a conference ground

 

The time on the score board has been wrong each home game,, how embarrassing

 

toilet facilities

 

Take the roof off the milton end and let the away fans suffer in the rain!

 

20,000 seater to 40,000 seater stadium,oh and a new manager plz.pfc

 

i would say build a new staduim but i think more important would be to build our own training ground at Cherque Farm in Gosport

 

decent toilets, fix the clock,

 

In all seriousness Fratton Park is an absolute disgrace in almost every respect.The toilets smell.THE ADMISSION PRICES AND PRICES FOR REFRESHMENTS ARE A JOKE.I am Pompey through and through and am ashamed of our facilities.P.U.P.

 

i hate seeing empty seats

 

draught beer as you need a few gallons to watch hoofball

 

35-40,000 seater under turf heated stadium, clock fixed, buy the land of Gaymak, open training session at the stadium

 

Build a new stadium, training ground and get a new manager who knows what he's doing

 

A new ground, Fratton is an antique! Failing that sort the toilets, sort the kiosks, draught beer, more food, more staff,

 

Like someone else said paint under the north side, its like walking into dump under there.

 

disabled toilets (make a male and female one please) I as a woman wouldn't use a male one why is it OK in a wheelchair? and the boys are like dirty old tom cats and pee all over the floor! YUCK!!!

 

GET RID OF COTTERAL AND GET UNCLE AVVY BACK

 

If you're that bothered by the toilets I suggest you get yourself down the theatre it's football FFS. Anyone who doesn't go because of the toilets are an embarassment to our club. It's Fratton, it's home and I love it!

 

ask Brighton & Scum

 

could you have a training ground with a PO postcode?

 

the supporters have the clubs best interest at heart. lets just hope that CSI do. maybe this will all turn out ok.

 

A selection of highly amusing quotes on the Russian Mafias facebook page on how the skates can improve the arena... sorry, it was titled how they can 'further' improve - PMSL!

 

It seems the majority just want a toilet and a clock that tells the time, which is a reasonable outlook to have for a skate, although admittedly very ambitious... some of the Peter Storrie wananbees want to have a 40k habourdrome still despite the fact they are getting 12k home gates.

 

Im up for the hilarious reappointment of Uncle Avram though!

 

Massive club, massive... not a tinpot in sight

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But you know the intimate details of Fonte and Jaidi's wage packet do you? How do you know that? What's your inside information? Can you share it with us?

 

Indeed, hyprocrisy of the highest order.

 

However, I shall humour him.....

 

It was widely publicised when they joined that Kitson AND Lawrence were on 20k per week; hard to understand how they can survive when compared to Ben Haim's 38k mind you.

 

Then there are the reports that Ipswich couldn't match the financial offer they made to Norris and nor could Derby or Blackpool match how much they are paying Varney. Therefore, I believe it is a fair assumption that neither of those are being paid in coat buttons.

 

Also, I doubt Halford would have taken much (if any) of a wage drop to leave premiership Wolves in order to enjoy the delights of training on a school playing field and plying his trade in front of a half-empty skip every other week.

 

To name just a phew..............

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Indeed, hyprocrisy of the highest order.

 

However, I shall humour him.....

 

It was widely publicised when they joined that Kitson AND Lawrence were on 20k per week; hard to understand how they can survive when compared to Ben Haim's 38k mind you.

 

Then there are the reports that Ipswich couldn't match the financial offer they made to Norris and nor could Derby or Blackpool match how much they are paying Varney. Therefore, I believe it is a fair assumption that neither of those are being paid in coat buttons.

 

Also, I doubt Halford would have taken much (if any) of a wage drop to leave premiership Wolves in order to enjoy the delights of training on a school playing field and plying his trade in front of a half-empty skip every other week.

 

To name just a phew..............

 

Oh, I know all about them, but he seems to know so much about the wage packets of our players......and I've never known anything be mentioned about those.

 

By contrast, Kitson and Lawrence's weekly earnings were provided by the current incumbent clown in the managerial hotseat - quite how he can do that is beyond me, and I'd be surprised if both players weren't monumentally p!ssed off about it. I don't think there's any doubt about the earnings of TBH, and the reasonable conclusion that Norris is on big bucks, given what Jewell has said. Halford's salary, to be fair, could be subsidised by Wolves......could be......

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What are these "big wages" they're on Adrian. Apart from Kitson, what are the others being paid every week. You seem to have inside information on this, maybe you coudl share it with us?

Ben Heim's wage was in the administrators report at 36k a week and the recent court case reiterated that fact http://www.dailymail.co.uk/sport/football/article-2002635/Tal-Ben-Haim-sue-Portsmouth-1-4m-unpaid-wages.html

Norris was reported (by Sky http://news.sky.com/home/uk-news/article/15151887) to be on £12k a week at Ipswich. He won't have left them for less money that's for sure.

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Oh, I know all about them, but he seems to know so much about the wage packets of our players......and I've never known anything be mentioned about those.

 

By contrast, Kitson and Lawrence's weekly earnings were provided by the current incumbent clown in the managerial hotseat - quite how he can do that is beyond me, and I'd be surprised if both players weren't monumentally p!ssed off about it. I don't think there's any doubt about the earnings of TBH, and the reasonable conclusion that Norris is on big bucks, given what Jewell has said. Halford's salary, to be fair, could be subsidised by Wolves......could be......

 

Im pretty sure that Admin Andy was the first to divulge their earnings, maybe the Clot did also but I don't actually remember that !

It's all academic really, apart from to show how ill informed our resident Skate loony is (has anyone else heard that Fonte is on 19k and Jaidi 13k ?)

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Im pretty sure that Admin Andy was the first to divulge their earnings, maybe the Clot did also but I don't actually remember that !

It's all academic really, apart from to show how ill informed our resident Skate loony is (has anyone else heard that Fonte is on 19k and Jaidi 13k ?)

 

Ah, yes, it was that clown, not the Clot Clown. All of their clowns seem to roll into one.

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Bizarre article in the News today. A reporter goes up to the London offices to meet Dubov yet doesn't provide any quotes from him in the article. Interesting to know that CSI claim to collect all postings relevant to CSI on twitter and facebook. Wonder if they've worked out which ones are from Saints fans yet?

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/pompey_owners_london_hq_1_3113422

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Bizarre article in the News today. A reporter goes up to the London offices to meet Dubov yet doesn't provide any quotes from him in the article. Interesting to know that CSI claim to collect all postings relevant to CSI on twitter and facebook. Wonder if they've worked out which ones are from Saints fans yet?

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/pompey_owners_london_hq_1_3113422

 

 

PMSL at him saying he has been to nearly every footy ground in the country with his children..

 

Should the sentence have finished... "Until we found one that would let us through the door"... !

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Ben Heim's wage was in the administrators report at 36k a week and the recent court case reiterated that fact http://www.dailymail.co.uk/sport/football/article-2002635/Tal-Ben-Haim-sue-Portsmouth-1-4m-unpaid-wages.html

Norris was reported (by Sky http://news.sky.com/home/uk-news/article/15151887) to be on £12k a week at Ipswich. He won't have left them for less money that's for sure.

 

Adrian's original post said Cotterill has signed 5 "strikers" on big wages. Kitson would be one, Varney could be another (Blackpool wouldn't go above £12K to sign him, depends what you count as big wages) who are the other 3 strikers on big wages? What is Benjani on a week? What's Futacs on? As for Norris, He was on a free from Ipswich and they offered him less than he was on before to stay so he could be conceivably be on £10 - £12K a week on a three year contract.

 

Regarding Fonte and Jaidi, I took it from your main board in a post by one of your revered ITK posters. I could also mention that when Cork signed he was reported to be on somewhere between £15 - £20K a week.

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all these £15K-£20K a week players are fine and dandy with the occasional £36K one thrown in, but I thought the financial statements and budgets presented to satisfy the authorities suggested that their would be a wagecap of approx £10K a week, with the need to bring many new players in on £3K-£5K just to break even and meet the CVA....

 

I don't know if anyone has mentioned it in the last 854 pages but it would seem that the figures don't add up.

If 14K was a breakeven attendance to cover the outgoings, what attendance is required to cover the massive wages overspend?

 

 

And I repeat, the first £250-£275 of every pompey season ticket goes to pay just one player.....the bloke they pretended they had sold to West Ham and whose wages they used as a loan to themselves to massage accounts for the russians' due diligence.

No problem here, we've made a profit for the last six months...

 

The equivalent of us paying Lambert approx £70K a week.

 

An insane business plan - yet another that demands an immediate return to the Prem, not a season of survival.

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all these £15K-£20K a week players are fine and dandy with the occasional £36K one thrown in, but I thought the financial statements and budgets presented to satisfy the authorities suggested that their would be a wagecap of approx £10K a week, with the need to bring many new players in on £3K-£5K just to break even and meet the CVA....

 

I don't know if anyone has mentioned it in the last 854 pages but it would seem that the figures don't add up.

If 14K was a breakeven attendance to cover the outgoings, what attendance is required to cover the massive wages overspend?

 

 

And I repeat, the first £250-£275 of every pompey season ticket goes to pay just one player.....the bloke they pretended they had sold to West Ham and whose wages they used as a loan to themselves to massage accounts for the russians' due diligence.

No problem here, we've made a profit for the last six months...

 

The equivalent of us paying Lambert approx £70K a week.

 

An insane business plan - yet another that demands an immediate return to the Prem, not a season of survival.

 

 

You cannot expect them to get figures to add up. They aren't very good with numbers in Portsmouth. Must be something to do with their webbed fingers - I mean even old matey Corp Ho reckons that Pompey's attendances are increasing:

 

 

16,496 - first match v Brighton

13,438 v Reading

14,354 v Cardiff

14,935 v Blackpool

12,102 v Peterborough

 

 

If you have had a Portsmouth education that's a steady increase!!

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According to Transfermark.com, you spent £2.5m in 2009/10 and £2.3m in 2010/ 11. Then add in the very high wages you were paying for L1 (£19K a week for Fonte and £13K for Jaidi was it?)

 

Quoting a website that doesn't exist :lol::lol::lol:

 

Assuming you meant transfermarkt.com though, they have question marks against how much we paid for Hammond, Barnard and Papa Waigo and so simply haven't included their fees :uhoh:

 

Super accurate stats. :lol:

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A club that has ripped off everyone still finds the cash to pay both Lawarence and Kitson £20k per week, on meager crowds and yet Ho reckons we over pay!

 

Before she gets her knickers in a twist those wages were the ones published by Stoke when they confirmed that skate bast*rds had matched the players demands.

 

I'm sure if he googles it he'll find it correct, although a quick chat with his contact at the club, whom he sees socially every two weeks or so, should also do it.

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Quoting a website that doesn't exist :lol::lol::lol:

 

Assuming you meant transfermarkt.com though, they have question marks against how much we paid for Hammond, Barnard and Papa Waigo and so simply haven't included their fees :uhoh:

 

Super accurate stats. :lol:

Akin to phoning ClubCall for accurate news content :lol:

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Adrian's original post said Cotterill has signed 5 "strikers" on big wages. Kitson would be one, Varney could be another (Blackpool wouldn't go above £12K to sign him, depends what you count as big wages) who are the other 3 strikers on big wages? What is Benjani on a week? What's Futacs on? As for Norris, He was on a free from Ipswich and they offered him less than he was on before to stay so he could be conceivably be on £10 - £12K a week on a three year contract.

 

Regarding Fonte and Jaidi, I took it from your main board in a post by one of your revered ITK posters. I could also mention that when Cork signed he was reported to be on somewhere between £15 - £20K a week.

 

'On a free'....no such thing. You may not have paid the club anything, but the normal thing for a player in demand, is that he ends up with a big wedge of cash. Add on the agents fees and signing on fees, and 'free' suddenly becomes 'expensive'.

 

How on earth do you reckon gates of 12 - 16k pay 2 strikers on £20k per week, a centre half on £36k a week and Varney and Norris on at least £12k a week, plus whatever Benjani is on (and bear in mind he said he was going to sign for Blackburn again in the summer - I guess you're paying him more money than they are). That's without bringing the likes of Halford into the equation.

 

Madness...especially as the owners are allegedly no spending money on the playing squad.

 

Still, they are 'investing in the Academy'. Anything more on what that means yet Ho?

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Regarding Fonte and Jaidi, I took it from your main board in a post by one of your revered ITK posters.

 

Which post was that? I would be quite interested to know. I cannot remember a post mentioning these figures. We know that you aren't very good with numbers so I would be interested to see your source.

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Still, they are 'investing in the Academy'. Anything more on what that means yet Ho?

 

 

So has there been any clarification about what they intend to do with their academy? Reading comment 19 on this news article

 

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cotterill_backs_bright_academy_future_1_3076310

 

 

You guys probably have no idea whatsoever how bad it was under Paul Smalley! He was clueless and also brought in his mates to coach who were even worse than him, which was difficult to be honest. There were some good coaches already there who produced results, but the ones Smalley brought in were shocking. Neil Lyne and John Perkins to name but two, should not have run an U10's Sunday Division 4 side on the IoW, let alone the Academy at U1516 last season. They were a disgrace to the game, please read Andy AwfordsSC comments when taking over about finding the lads not knowing the basics or having been taught the basics. I think he got rid of them both fairly quickly, but who knows how many kid's future's have been ruined by some of these guys? It's not the facilities, it is the coaches. Watch Mr Awford, Hardyman or McLouglin coach and they are a million times better and a million times more passionate about Pompey FC than Smalley and crew. They pitches they hire will be fine, as long as the scholars etc want to learn from them. The Academy is 1000% better, but still has it's pecking order, sometimes looking at short term potential of players rather than midlong term. Sure that the knowledge of the coaches will change this in the coming months and years

 

Its sounds like things have got better without this investment so possibly giving them the option of claiming credit for the improvement without actually having to invest anything.

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'On a free'....no such thing. You may not have paid the club anything, but the normal thing for a player in demand, is that he ends up with a big wedge of cash. Add on the agents fees and signing on fees, and 'free' suddenly becomes 'expensive'.

 

How on earth do you reckon gates of 12 - 16k pay 2 strikers on £20k per week, a centre half on £36k a week and Varney and Norris on at least £12k a week, plus whatever Benjani is on (and bear in mind he said he was going to sign for Blackburn again in the summer - I guess you're paying him more money than they are). That's without bringing the likes of Halford into the equation.

 

Madness...especially as the owners are allegedly no spending money on the playing squad.

 

Still, they are 'investing in the Academy'. Anything more on what that means yet Ho?

 

= £100k/wk. Attendance of 16k (let's round things up here) ALL PAYING, what? £26? (Forget STs) = £416k/ 2 wks. =£208k/wk. So they have £108k/wk to pay the rest of the staff, N.I., tax, VAT (shhhh!) Gas, Electric, Rates, Water. A bit for profit. How will the CVA be paid? parachute money? Is there a big wedge due for sponsorship from Gob****e?

 

It really doesn't stack up.

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As for Liebherr's intentions, do you really think he bought you because he was desperate for a football club or because he thought he could make a profit by selling you on?

 

Oh, a quiz, this is fun!

 

Let's see ... a multi-billionaire, with not too many years left, buys a football club. He has no need of extra money. And what's the old saying: "To make a small fortune in football is to start with a large one."

 

I think I'll stick my head out and go for option 1.

 

Although, I don't think he was desperate. Which is more than can be said for a couple of Russian chancers I can think of.

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= £100k/wk. Attendance of 16k (let's round things up here) ALL PAYING, what? £26? (Forget STs) = £416k/ 2 wks. =£208k/wk. So they have £108k/wk to pay the rest of the staff, N.I., tax, VAT (shhhh!) Gas, Electric, Rates, Water. A bit for profit. How will the CVA be paid? parachute money? Is there a big wedge due for sponsorship from Gob****e?

 

It really doesn't stack up.

 

Its easy. Just read the Bible and the story of 5 loaves and 2 fishes (or was it 5 fishes and 2 loaves?). A little divine intervention can go a long way.

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So has there been any clarification about what they intend to do with their academy? Reading comment 19 on this news article

 

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cotterill_backs_bright_academy_future_1_3076310

 

Apparently the Pompey Academy are not allowed to train at Wellington Sports ground but hire pitches at the old AC Delco ground next door

 

They have to pay in advance for these as they were very late with payments last year.

 

Presume all OK under the new, well heeled, owners though!!

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= £100k/wk. Attendance of 16k (let's round things up here) ALL PAYING, what? £26? (Forget STs) = £416k/ 2 wks. =£208k/wk. So they have £108k/wk to pay the rest of the staff, N.I., tax, VAT (shhhh!) Gas, Electric, Rates, Water. A bit for profit. How will the CVA be paid? parachute money? Is there a big wedge due for sponsorship from Gob****e?

 

It really doesn't stack up.

 

Not only that. As Rallyboy pointed out earlier:

 

All these £15K-£20K a week players are fine and dandy with the occasional £36K one thrown in, but I thought the financial statements and budgets presented to satisfy the authorities suggested that their would be a wagecap of approx £10K a week, with the need to bring many new players in on £3K-£5K just to break even and meet the CVA....

 

I don't know if anyone has mentioned it in the last 854 pages but it would seem that the figures don't add up.

If 14K was a breakeven attendance to cover the outgoings, what attendance is required to cover the massive wages overspend?

 

 

And I repeat, the first £250-£275 of every pompey season ticket goes to pay just one player.....the bloke they pretended they had sold to West Ham and whose wages they used as a loan to themselves to massage accounts for the russians' due diligence.

No problem here, we've made a profit for the last six months...

 

The equivalent of us paying Lambert approx £70K a week.

 

An insane business plan - yet another that demands an immediate return to the Prem, not a season of survival.

 

Not to forget that Huseklepp is also on around £10K - £15K a week.

 

Pompey seems like a bottomless pit, not just moneywise.

Anyone ITK on when the forensic accounting of Old Pompey Co is due?

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So has there been any clarification about what they intend to do with their academy? Reading comment 19 on this news article

 

 

http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cotterill_backs_bright_academy_future_1_3076310

 

Apparently the Pompey Academy are not allowed to train at Wellington Sports ground but hire pitches at the old AC Delco ground next door

 

They have to pay in advance for these as they were very late with payments last year.

 

Presume all OK under the new, well heeled, owners though!!

 

Still dont get why they come all the way to Stoneham to train. Are there really no descent facillities closer to Fratton?

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