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Pompey or Saints - Is their current financial position worse than ours was?

lordswoodsaints

By lordswoodsaints,
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scotty

scotty

Posted
Posted
This might give the FM team quite a bit of work to do for next year's release ;)

 

In another story, Udinese have reported the skates due to unpaid fees with Sulley Muntari's transfer,

 

Shall we have a sweepstake on which club is gonna report Pompey next? or which of the current playing squad it's gonna involve

 

The skates seem to owe so many different parties a fortune that I'm half expecting the next development to be a contingent of heavies at fratton, kicking the doors in and demanding their money or else....

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Wes Tender

Wes Tender

Posted
Posted

This is an article posted on the Skate website, apparently by one of their fans. He invites those investors who lost out in buying West Ham, to come in and buy the Skates.

 

"For Sale - Come and Buy Us Fernandes or Cellino

Tony Fernandes pulled out of the race on Monday night to buy West Ham, while finance firm Intermarket and Italian Massimo Cellino, were piped to the post by Sullivan and Gold.

 

These Parties appear to be genuine investors and want a Premiership Club.

 

Pompey has one of the most passionate fan bases yet is in dire straits to secure life after Gaydamak, so If either or both, still want a Football Club, then please come in and rescue Pompey from the creek we are currently paddling up? Down? At the moment!

 

Thank You PuP

 

Written by Midge" .

 

Now, there is one fundamental mistake with what he has written. Yes, they are up the creek - but they don't have a paddle! ;)

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OldNick

OldNick

Posted
Posted
This is an article posted on the Skate website, apparently by one of their fans. He invites those investors who lost out in buying West Ham, to come in and buy the Skates.

 

 

 

Now, there is one fundamental mistake with what he has written. Yes, they are up the creek - but they don't have a paddle! ;)

Pasionate they may be but the numbers dont add up in more ways than 1.

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Dark Munster

Dark Munster

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Posted
This is a really interesting blog on the Tax position for football clubs in general, but obviously has more focus on the blue few than others....

 

http://www.bbc.co.uk/blogs/mattslater/2010/01/taxing_times_for_footballs_fri.html

 

On 10 February, Pompey's battle-weary legal team will probably be suiting up for the biggest clash in the club's 112-year history: Portsmouth v HMRC in a sudden-death VAT play-off.

 

:D:D:D

 

My prediction for the final score:

 

Portsmouth 0 HMRC 7,500,000

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Ekelund24

Ekelund24

Posted
Posted
This is a really interesting blog on the Tax position for football clubs in general, but obviously has more focus on the blue few than others....

 

http://www.bbc.co.uk/blogs/mattslater/2010/01/taxing_times_for_footballs_fri.html

 

Think my favourite bit is that they claim they are being charged too much and may be due a rebate!! Not sure you get taken to court for a rebate :-)

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SFC Forever

SFC Forever

Posted
Posted

Storrie,Redknapp and the other mongrel are all charged with tax evasion. The club is facing a winding up petition. Even if the petition doesn't close them down, what happens after the big three are all found guilty? Does the club then suffer a points deduction for impropriety?

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scotty

scotty

Posted
Posted
This is LEGEND...!

 

You just gotta watch it and commend it to any fishy-friends you happen to have an email address for.

 

LOL - you bet I did.........LEGEND!

 

(Who made it?)

 

Johnny Bognor. And I have it on good authority that he has another one cooked up and keeping warm for when they go into admin :D

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SaintRichmond

SaintRichmond

Posted
Posted
Storrie,Redknapp and the other mongrel are all charged with tax evasion. The club is facing a winding up petition. Even if the petition doesn't close them down, what happens after the big three are all found guilty? Does the club then suffer a points deduction for impropriety?

 

As I said earlier, there is no such thing as a Sheikh without a fortune

 

They are NOT daft. Who in their right mind is going to put up circa £100M to make Portsmouth a viable concern again ????

 

NOBODY

 

What they will do is ( or will try to do) is, go into Admin, which would mean all creditors would have to take the "Scraps" on offer

 

When all that is done, they will be debt free, in the CCC, and can then rebuild

 

I cannot see the likes of the FL / FA, would stand back and let what was once a great Club (Fratton used to hold 50000) go into oblivion

 

What the FA / FL /PL SHOULD do is start to punish the people that run Clubs into the Financial abyss. All they ever seem to do is hand out points deductions, which only punish the Players and Supporters

 

A small number of Pompey Fans hate Saints, and vice versa, but I know some genuine Pompey Fans who are very good people

 

Whilst I want people like Gaymack, Mandaric, Storrie and Redknapp to be brought to book over their "alledged" dogy dealings, I for one do NOT want the FOOTBALL Team of Portsmouth be crucified by their action

 

It is time that the Sweet FA started to bite the bullet, because Portsmouth's situation is just the Tip of the Iceberg IMHO:cool:

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BallBoy

BallBoy

Posted
Posted
This is LEGEND...!

 

You just gotta watch it and commend it to any fishy-friends you happen to have an email address for.

 

LOL - you bet I did.........LEGEND!

 

(Who made it?)

 

Just watched this. Probably not entirely original but excellent. Really made me laugh. Some great one liners I can use on my pompey supporting friend.

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SFC Forever

SFC Forever

Posted
Posted
As I said earlier, there is no such thing as a Sheikh without a fortune

 

They are NOT daft. Who in their right mind is going to put up circa £100M to make Portsmouth a viable concern again ????

 

NOBODY

 

What they will do is ( or will try to do) is, go into Admin, which would mean all creditors would have to take the "Scraps" on offer

 

When all that is done, they will be debt free, in the CCC, and can then rebuild

 

I cannot see the likes of the FL / FA, would stand back and let what was once a great Club (Fratton used to hold 50000) go into oblivion

 

What the FA / FL /PL SHOULD do is start to punish the people that run Clubs into the Financial abyss. All they ever seem to do is hand out points deductions, which only punish the Players and Supporters

 

A small number of Pompey Fans hate Saints, and vice versa, but I know some genuine Pompey Fans who are very good people

 

Whilst I want people like Gaymack, Mandaric, Storrie and Redknapp to be brought to book over their "alledged" dogy dealings, I for one do NOT want the FOOTBALL Team of Portsmouth be crucified by their action

 

It is time that the Sweet FA started to bite the bullet, because Portsmouth's situation is just the Tip of the Iceberg IMHO:cool:

 

That is exactly how I feel. I run a very small saints site which was built by a pompey fan. There are a few on his site that chuck the usual abuse but most are simply football fans like us. They simply chose a team from across the track to support.

However Luton and others have all suffered because of the deeds done by their then/previous owners. in the same way i cannot see Pompey escaping without some punishment when the guilty are found to be just that.

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scotty

scotty

Posted
Posted
Brill. No doubt somebody will post the link on here when it goes up. Let's make it viral!

 

dont worry, you'll see it ;) I lost count of the number of mates that sent me the link to the last one, (and how many I forwarded it to, for that matter). The next one will spread like a case of herpes in a southsea council estate

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Goalie66

Goalie66

Posted
Posted

HMRC take businesses to court. However emotional it may be supporting a football club they (PFC) will be treated no differently. The directors of PFC are scared they will be barred from holding future office but clearly all of them are incompetent and should resign.They will not and unfortunately Pompey will be liquidated as entering Administartion with no assets and massive debts is still unattractive to any sane business person.

 

I too know decent people who support other teams including PFC and also staff who worked for Woolworths who still cannot find work. For PFC will rise again in some shape or form but when we have a massive culture of greed the chasm of disconnect between the fan and those that "run" clubs will grow wilder

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Fowllyd

Fowllyd

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Posted

A view from the Grauniad - seems to me that the stuff about the embargo being lifted is just more bluster from Pompey. After all, if Udinese are going to the Court for Arbitration in Sport to get their money, it's not all that likely that they'll be fobbed off with a promise to pay later. Elsewhere in the article, it seems that Chainrai is after some payment on his short-term loans...

 

http://www.guardian.co.uk/football/2010/jan/23/portsmouth-transfer-embargo-premier-league

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Gigersaint

Gigersaint

Posted
Posted

 

That club is a joke!

 

When the club needs them most 9,000 turn up (1,000 away fans)

 

Dont deserve another takeover - 3rd time lucky. would prefer to see them suffer

 

Surely any new interested parties will walk away after a thorough due dilligence check unlike the current and previous owner?

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altoniansaints

altoniansaints

Posted
Posted

i know the cup game is on top of our minds right now but lets not forget there may not be a game if they lose v`s the HMRC on the 10th Feb!!!!

 

Sounds like the players have had enough

http://www.tribalfootball.com/portsmouth-fear-mass-player-walkout-598101

 

Diop on way and list of others linked to other clubs

http://www.portsmouth.vitalfootball.co.uk/sitepage.asp?a=185854

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JRM

JRM

Posted
Posted

 

According to that article if the players are not paid they can give "14 days notice".

Now if the wages are due this Friday, 14 days from then is Friday 12th February, i'm pinning my hopes on this to give us a chance of winning!!

 

Can't see it happening though.

 

Pompey would probably like a couple of players to walk, would get them off the wage bill without having to pay them off.

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Matthew Le God

Matthew Le God

Posted
Posted (edited)

Hitler to buy Hartlepool!?

 

Pol Pot to buy Plymouth!?

 

Stalin to buy Shrewsbury!?

 

Gaddafi (jnr) to buy Portsmouth!?

 

Those seem unlikely? Ok, three of them are dead but the last one may be about to happen!

 

http://www.mirrorfootball.co.uk/news/Dictator-Gaddafi-s-son-in-talks-to-become-Portsmouth-owner-article300941.html

 

So from Milan "Taxman" Mandaric to Gaydamak and his father's gun running to an Arab with no money in charge for 40 days to an Arab with no money that no-one can prove exists to "potentially" the son of a Dictator of an Axis of Evil country in the space of 6 months! "If" he is using any of his Dad's cash is that fit and proper?

 

Hicks & Gillett, the Glazer family and Rupert Lowe are all teddy bears compared to Portsmouth's last 5 owners!

 

Rupert never had something like this in the family closet...

 

image053.jpg

 

or funding the IRA with guns and explosives.

 

article-0-05438087000005DC-209_468x305.jpg

 

At least it would mean the FA Cup game vs Saints on February 14th would go ahead if it stops the High Court proceedings on February 10th.

 

BUT that pales into insignificance if the money is coming from his Dad and the horrors of his past. How does he have enough money unless something is coming from his Dad?

 

I can't see Pompey having a Scottish tour and a pre-season friendly in Dumfries and Galloway anytime soon! Nor to Ireland where Libya provided the IRA with guns and explosives.

Edited by Matthew Le God
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SaintRichmond

SaintRichmond

Posted
Posted

Hitler to buy Hartlepool!?

 

Pol Pot to buy Plymouth!?

 

Stalin to buy Shrewsbury!?

 

Gaddafi (jnr) to buy Portsmouth!?

 

Those seem unlikely? Ok, three of them are dead but the last one may be about to happen!

 

http://www.mirrorfootball.co.uk/news/Dictator-Gaddafi-s-son-in-talks-to-become-Portsmouth-owner-article300941.html

 

So from Milan "Taxman" Mandaric to Gaydamak and his father's gun running to an Arab with no money in charge for 40 days to an Arab with no money that no-one can prove exists to "potentially" the son of a Dictator of an Axis of Evil country in the space of 6 months! "If" he is using any of his Dad's cash is that fit and proper?

 

Hicks & Gillett, the Glazer family and Rupert Lowe are all teddy bears compared to Portsmouth's last 5 owners!

 

Rupert never had something like this in the family closet...

 

image053.jpg

 

or funding the IRA with guns and explosives.

 

article-0-05438087000005DC-209_468x305.jpg

 

At least it would mean the FA Cup game vs Saints on February 14th would go ahead if it stops the High Court proceedings on February 10th.

 

BUT that pales into insignificance if the money is coming from his Dad and the horrors of his past. How does he have enough money unless something is coming from his Dad?

 

I can't see Pompey having a Scottish tour and a pre-season friendly in Dumfries and Galloway anytime soon! Nor to Ireland where Libya provided the IRA with guns and explosives.

 

 

IF true, how SICK is that ????

 

The son of Gadafi, the Libyan leader who welcomed back the Lockerbie bomber, alledgedly in talks to buy Portsmouth

 

I assume it is with the blessing of Gordon Brown, because he Certainly had a hand in allowing the convicted bomber to fly back to Libya

 

I expect, as per usual, the Sweet FA, the Football League, and the Premier League will also turn a blind eye to it, after of course, they have performed their in depth research as to whether Gadafi Jr is Fit Fior Purpose

 

The whole English Premier League is sick

 

The majority of players on the park are Foreign, a lot of Managers are Foreign, and a lot of Clubs are Foreign owned, mainly by people that use the Football Club to launder debts etc. ( just ask Liverpool and Man Utd )

 

As I've said before, the easiest job in Football is to manage the England Team, because there are not that many ENGLISH players to chose from in the Premier League, and the situation will only get worse

 

RIP ENGLISH Football IMHO

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Window Cleaner

Window Cleaner

Posted
Posted
So they will now be able to sign some new players, whom of course they won't be able to pay at the end of the month.

 

 

For Poopey to have their emarbgo lifted is scandalous.

 

 

well as they'll be getting 1.6 million in TV money which had been withheld I guess they might just pay some players (or staff) at the end of the month.

They're probably not all that skint but these sheikh lads do like to haggle over everything.However they do need to do something about their matchday attendances, they can't go on for ever on 11K or whatever it is. We'll still beat them anyway. Our side is vastly superior to theirs,just that we're playing in a league which doesn't suit our style.

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Fowllyd

Fowllyd

Posted
Posted
well as they'll be getting 1.6 million in TV money which had been withheld I guess they might just pay some players (or staff) at the end of the month.

They're probably not all that skint but these sheikh lads do like to haggle over everything. However they do need to do something about their matchday attendances, they can't go on for ever on 11K or whatever it is. We'll still beat them anyway. Our side is vastly superior to theirs,just that we're playing in a league which doesn't suit our style.

 

Probably not all that skint? They've paid the wages late three times already this season; when they have finally been paid the money's come in from short-term loans. If you have to borrow simply to meet day-to-day expenses, then I'd say 'skint' is as good a term as any. Another one is 'insolvent', but then they can't possibly be insolvent because they're still trading... :rolleyes:

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Ken Tone

Ken Tone

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Posted
>well as they'll be getting 1.6 million in TV money which had been withheld I guess they might just pay some players (or staff) at the end of the month.

.

 

If they are paying Utaka £80k a week as reported , and bearing in mind that a year or 2 ago their wage bill was reported as being the 4th highest in the premiership, I doubt that £1.6million will even cover a month's wages. £1.6 million for a month is approx £400k a week = only 5 Utakas. Or to put it another way, squad of 40(?), £1.6 million a month = average wage of 'only' £10k a week, and they are clearly paying way above that. And that ignores all other monthly costs such as Storrie's £2 million a year salary, interest on all those 'short term loans', etc.

 

Which of course is both how they 'bought' the FA cup and stayed in the premiership, and also why they are skint.

 

K.

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