gonzo Posted 1 October, 2009 Share Posted 1 October, 2009 The Sun is reporting today that Pompey haven't paid their players wages. Apparently Al-Fahim has deferred salaries as he is struggling to raise funds for the club. He is apparently £2m short of meeting the wage bill. What the hell is going on down there? Why did he take the club over if he didn't even have enough cash to pay the bloody wages? If he had done due dilligence, which you would assume he had bearing in mind how long the purchase took to complete, he would have known he would need to reach into his own pocket to pay the wages. You have to feel for the players, and no doubt ordinary staff such as ticket office workers will be affected as well. We've seen this all before with what happened with Saints before the takeover. We can laugh at the sporting side of it and the zero points things, but when people's salary isn't paid and therefore their livelihood is at stake is when it stops being funny. Link to comment Share on other sites More sharing options...
Baj Posted 1 October, 2009 Share Posted 1 October, 2009 I remember how gracious a large majority of Pompey fans were when we were in a similar situation. Now our positions are swapped I'd just like to say... "AHHAHAHAHHAHHAAHHA, BYE BYE". Just kidding, for all the people paying mortgages, I hope you keep your jobs. For all the footballers on inflated salaries, I hope you **** off and save the skates some money. Link to comment Share on other sites More sharing options...
stevegrant Posted 1 October, 2009 Share Posted 1 October, 2009 You have to feel for the players, and no doubt ordinary staff such as ticket office workers will be affected as well. I believe the "normal" staff have been paid, it's just the players and executive team who haven't. A statement they released: Portsmouth FC can confirm that the first-team squad and executive board was not paid yesterday (Wednesday). The club is currently being refinanced by the owner Sulaiman Al Fahim following the recent complet of his takeover. There was a delay in the transfer of funds but the lawyers have received confirmation that this will happen today which will enable the players to be paid within the next 24 to 48 hours. The players have all been informed of the situation. The executive board will continue to help the new owner in his efforts to refinance which has come about as a direct consequence of the banks' requirements to retain all television receipts and profits generated during the transfer windows. That last sentence would be the bit that would scare the **** out of me if that was Saints putting that sort of statement out. Essentially they are now totally reliant upon matchday revenue to pay the wages for the rest of the season - if we assume they've got somewhere in the region of 12,000 season ticket holders (complete guess), that's about 8,500 matchday tickets available. On average there are two home games per month, so 8500 x £35 per ticket x 2 = £595,000. Considering that was the size of OUR monthly wage bill less than 18 months ago, there's no way that revenue will cover it, so they're going to need to make a call to "the lawyers" (Ocean Finance) every month just to get the wages paid. Link to comment Share on other sites More sharing options...
OldNick Posted 1 October, 2009 Share Posted 1 October, 2009 I believe the "normal" staff have been paid, it's just the players and executive team who haven't. A statement they released: That last sentence would be the bit that would scare the **** out of me if that was Saints putting that sort of statement out. Essentially they are now totally reliant upon matchday revenue to pay the wages for the rest of the season - if we assume they've got somewhere in the region of 12,000 season ticket holders (complete guess), that's about 8,500 matchday tickets available. On average there are two home games per month, so 8500 x £35 per ticket x 2 = £595,000. Considering that was the size of OUR monthly wage bill less than 18 months ago, there's no way that revenue will cover it, so they're going to need to make a call to "the lawyers" (Ocean Finance) every month just to get the wages paid.their s/t holders are less than 12k Link to comment Share on other sites More sharing options...
gonzo Posted 1 October, 2009 Author Share Posted 1 October, 2009 Well, if the normal staff have been paid, that does make things a bit better. But still, reading between the lines of that statement, Al-Fahim needs to beg, steal and borrow on a regular basis to stop the club going down the crapper. Which again begs the question, if he couldn't afford the running costs then why did he buy them? He must be a sandwich short of a picnic. Link to comment Share on other sites More sharing options...
OldNick Posted 1 October, 2009 Share Posted 1 October, 2009 The Sun is reporting today that Pompey haven't paid their players wages. Apparently Al-Fahim has deferred salaries as he is struggling to raise funds for the club. He is apparently £2m short of meeting the wage bill. What the hell is going on down there? Why did he take the club over if he didn't even have enough cash to pay the bloody wages? If he had done due dilligence, which you would assume he had bearing in mind how long the purchase took to complete, he would have known he would need to reach into his own pocket to pay the wages. You have to feel for the players, and no doubt ordinary staff such as ticket office workers will be affected as well. We've seen this all before with what happened with Saints before the takeover. We can laugh at the sporting side of it and the zero points things, but when people's salary isn't paid and therefore their livelihood is at stake is when it stops being funny.Speak or read what Dubai Phil has been saying all along and you will see we had a lucky escape.Much down to him as well. Top man DP Link to comment Share on other sites More sharing options...
chrisobee Posted 1 October, 2009 Share Posted 1 October, 2009 Would not wish that on any club TBH and truly which Saints fan would after our experience? However, it's been coming and I fear Pompey will not be the last club to go through this. We really should count our blessings and some people on here wonder why some us remain upbeat. Incredible. Link to comment Share on other sites More sharing options...
keithd Posted 1 October, 2009 Share Posted 1 October, 2009 Would not wish that on any club TBH and truly which Saints fan would after our experience? However, it's been coming and I fear Pompey will not be the last club to go through this. We really should count our blessings and some people on here wonder why some us remain upbeat. Incredible. here hear Link to comment Share on other sites More sharing options...
TopGun Posted 2 October, 2009 Share Posted 2 October, 2009 Now al Fahim has kidney stones! http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8286657.stm It gets more amusing by the day. Link to comment Share on other sites More sharing options...
OldNick Posted 2 October, 2009 Share Posted 2 October, 2009 Now al Fahim has kidney stones! http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8286657.stm It gets more amusing by the day.perhaps they are to be used as the foundations of their new stadium Link to comment Share on other sites More sharing options...
bridge too far Posted 2 October, 2009 Share Posted 2 October, 2009 There's going to be a segment about it on BBC South Today news at 1.30pm apparently. Headline saying the players HAVEN'T been paid yet (contrary to some rumours that they have) Link to comment Share on other sites More sharing options...
Guest Dark Sotonic Mills Posted 2 October, 2009 Share Posted 2 October, 2009 There's going to be a segment about it on BBC South Today news at 1.30pm apparently. Headline saying the players HAVEN'T been paid yet (contrary to some rumours that they have) Also on BBC news at 9.00 this morning that the Premier League are going to step in to save them from administration! Link to comment Share on other sites More sharing options...
jeff leopard Posted 2 October, 2009 Share Posted 2 October, 2009 As hilarious as this is, there's a voice in the back of my mind warning me not to gloat too hard, what with us welded to the bottom of league one. but saying that, anyone else find their choice of sponsor to be brilliantly apt? At least Paul knows where to go once he's been given the boot or the whole team have been released, which ever happens first. Link to comment Share on other sites More sharing options...
St Marco Posted 2 October, 2009 Share Posted 2 October, 2009 Also they are saying that their arab owner has been taken to hospital due to kidney stones or something. Maybe it is true and he is unwell but maybe that will be used as a smokescreen as to why they might not be paid in the next few day's etc... Because yesterday they said it would be sorted out in 24hrs. Strange timing of events. Link to comment Share on other sites More sharing options...
stevegrant Posted 2 October, 2009 Share Posted 2 October, 2009 http://soccernet.espn.go.com/news/story?id=681919&sec=england&cc=5739 Link to comment Share on other sites More sharing options...
Ludwig Posted 2 October, 2009 Share Posted 2 October, 2009 Has anyone heard the Redknapp rumours? Link to comment Share on other sites More sharing options...
Saint_clark Posted 2 October, 2009 Share Posted 2 October, 2009 http://www.bettingpress.com/category/Football/Harry-Redknapp-backed-for-shock-exit-from-Spurs-200910020004/ Lol. Link to comment Share on other sites More sharing options...
Pancake Posted 2 October, 2009 Share Posted 2 October, 2009 Also they are saying that their arab owner has been taken to hospital due to kidney stones or something. I dont see the rationale for highlighting that the owner is an Arab here, surely "their owner" or "Al Fahim" would have sufficed? Link to comment Share on other sites More sharing options...
fish fingers Posted 2 October, 2009 Share Posted 2 October, 2009 Has anyone heard the Redknapp rumours? yes, from a few different sources. Link to comment Share on other sites More sharing options...
bridge too far Posted 2 October, 2009 Share Posted 2 October, 2009 yes, from a few different sources. He's far too canny to return to his 'spiritual home' surely - unless most of the £50m is perhaps coming his way. He helped to engineer their downfall. Unless he's planning to buy them for £1 :smt102 Link to comment Share on other sites More sharing options...
chrisobee Posted 2 October, 2009 Share Posted 2 October, 2009 He's far too canny to return to his 'spiritual home' surely - unless most of the £50m is perhaps coming his way. He helped to engineer their downfall. Unless he's planning to buy them for £1 :smt102 He was backed from 50/1 into evens this morning to be the next Premier League Manager to leave his post. Make of that what you will though it's a very volatile market, rather like the one when speculation over our new manager was making someone like Tony Adams odds on ! Link to comment Share on other sites More sharing options...
stevegrant Posted 2 October, 2009 Share Posted 2 October, 2009 He's far too canny to return to his 'spiritual home' surely - unless most of the £50m is perhaps coming his way. He helped to engineer their downfall. Unless he's planning to buy them for £1 :smt102 These aren't rumours about him returning to Pompey... Link to comment Share on other sites More sharing options...
Marsdinho Posted 2 October, 2009 Share Posted 2 October, 2009 but when people's salary isn't paid and therefore their livelihood is at stake is when it stops being funny. get a grip.....Of course its still funny. So what, they loose their jobs....its hardly like they are dying is it. The caterers will get other catering jobs, the sales staff will get other sales jobs the security staff will get other security jobs etc Stop over reacting. Link to comment Share on other sites More sharing options...
bridge too far Posted 2 October, 2009 Share Posted 2 October, 2009 These aren't rumours about him returning to Pompey... I thought I just read on a thread somewhere that it was being mooted that he might. Now I read that he might be arrested! Maybe a bunch of coppers are laying bets Link to comment Share on other sites More sharing options...
the stain Posted 2 October, 2009 Share Posted 2 October, 2009 These aren't rumours about him returning to Pompey... Don't be coy! What are the rumours? Link to comment Share on other sites More sharing options...
Pancake Posted 2 October, 2009 Share Posted 2 October, 2009 get a grip.....Of course its still funny. So what, they loose their jobs....its hardly like they are dying is it. The caterers will get other catering jobs, the sales staff will get other sales jobs the security staff will get other security jobs etc Stop over reacting. Idiot, I really hope you get the ****ing boot on Monday from your job mate. Link to comment Share on other sites More sharing options...
Pancake Posted 2 October, 2009 Share Posted 2 October, 2009 Don't be coy! What are the rumours? Bookies have slashed odd on him being the next Prem Manager to get the boot from 66/1 to evens today. Link to comment Share on other sites More sharing options...
Hatch Posted 2 October, 2009 Share Posted 2 October, 2009 These aren't rumours about him returning to Pompey... go on.... Link to comment Share on other sites More sharing options...
the stain Posted 2 October, 2009 Share Posted 2 October, 2009 Bookies have slashed odd on him being the next Prem Manager to get the boot from 66/1 to evens today. Oh. Those aren't rumours, that's happened. I thought Steve might have something more... Link to comment Share on other sites More sharing options...
Pancake Posted 2 October, 2009 Share Posted 2 October, 2009 Oh. Those aren't rumours, that's happened. I thought Steve might have something more... I think I know what Mr Grant is referring to. The boys in blue (not the fish ****ers) Link to comment Share on other sites More sharing options...
OldNick Posted 2 October, 2009 Share Posted 2 October, 2009 if the Mets case re bungs is gathering pace then he may well be for the chop. I doubt he will be going back to Pompey unless of course the Al Faraj brothers are taking over and going to pump £m's in. I suspect if true it has to be about somethig irregular. Perhaps a saints fan has now let a genie ut of a bottle and he has 3 wishes.HR and Pompey for a fall. Might be funny....can he arrange for Eerton to go as well (Highbury 84) Link to comment Share on other sites More sharing options...
the stain Posted 2 October, 2009 Share Posted 2 October, 2009 I think I know what Mr Grant is referring to. The boys in blue (not the fish ****ers) Oh lordy! I see the reason for his tittering schoolgirl shyness now. Link to comment Share on other sites More sharing options...
stevegrant Posted 2 October, 2009 Share Posted 2 October, 2009 I think I know what Mr Grant is referring to. The boys in blue (not the fish ****ers) For legal reasons, I couldn't possibly comment... Link to comment Share on other sites More sharing options...
fish fingers Posted 2 October, 2009 Share Posted 2 October, 2009 I think I know what Mr Grant is referring to. The boys in blue (not the fish ****ers) this is what i have heard also. Woot Link to comment Share on other sites More sharing options...
chrisobee Posted 2 October, 2009 Share Posted 2 October, 2009 Bookies have slashed odd on him being the next Prem Manager to get the boot from 66/1 to evens today. Now 4/5 on Skybet, this feeling of deja vu is getting stronger! Link to comment Share on other sites More sharing options...
dubai_phil Posted 2 October, 2009 Share Posted 2 October, 2009 if the Mets case re bungs is gathering pace then he may well be for the chop. I doubt he will be going back to Pompey unless of course the Al Faraj brothers are taking over and going to pump £m's in. I suspect if true it has to be about somethig irregular. Perhaps a saints fan has now let a genie ut of a bottle and he has 3 wishes.HR and Pompey for a fall. Might be funny....can he arrange for Eerton to go as well (Highbury 84) Sorry about Everton matey. Two out of the three are sorted, last choice was a toughie, The Florida State Lottery winning ticket worth $134mil or an airmiles ticket for Lucy P to a 6 month long photo shoot at my place Tough call Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 2 October, 2009 Share Posted 2 October, 2009 Now al Fahim has kidney stones! http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8286657.stm It gets more amusing by the day. While the Skates all thought he had piles! Link to comment Share on other sites More sharing options...
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