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


lordswoodsaints

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Before the Blue Few get in there and start re-writing history as they have a habit of doing; lets get one thing absolutely clear.....

They may be going bust ultimately because of very bad management, possibly fraudulent investing etc, but if their support was as good as ours they would have more money in the bank, and more importantly, be a better rescue prospect for potential investors.

Crowds of little more than 12000 FULL PAYING fans on occasions is pathetic for a top flight club. I've got ever sympathy with any towns club going bust but it's hard to care about Portsmyth going under when their own town doesn't seem to care.

Edited by docker-p
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It's okay, no need to worry! Portsmouth have said they were not given a wind up notice or anything

http://www.skysports.com/story/0,19528,11095_5812964,00.html

 

So i guess HRMC must have been lying about serving them one then. That was lucky for Pompey wasen't it!

 

Very lucky!

 

Just to be on the safe side, they are going to try to get the petition which hasn't been served withdrawn anyway.

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It's his one legacy.

 

Not in my book. He may very well have "fronted" a Committe that led to the construction of St Mary's, but in reality, he was more of a hindrance than a help

 

Don't forget, he wasted the chance of a Multi Complex at Stoneham, with excellent Rail, Road and Air access

 

And don't tell me it would have been harder to get to than trudging round the back streets of down town Southampton to get to the Stadium, with it's abysmal Road access, NO rail access even though a line is right outside the grouns, and the Airport is back where the Stoneham project would have been

 

At best, in business terms, Lowe was no more than a Titular Head in respect of us getting St Mary's:cool:

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With transfer embargo in place any funds from sales go to the football debtors, that'll be why HMRC have started the ball rolling, the money from sales is ringfenced and they know that and if I remember correctly they no longer have preferred status as debtors.

There are no rules regarding admin and points deduction in the PL its the FL that has the rules.I would expect UEFA to take an interest as well regarding debts to non UK clubs.

 

Failure of a PL club will really shake the confidence of the finance industry in football, budgets hopefully will be cut, as said before Man U, Liverpool etc operating on huge debt.

 

Also HMRC will already be keenly watching the tax evasion charges already in place.Effectively what HMRC are seeking is that the debt grows no larger regarding PAYE, the losers here will be the backroom staff, who won't get a transfer signing on fee when they close the door behind them.

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Not in my book. He may very well have "fronted" a Committe that led to the construction of St Mary's, but in reality, he was more of a hindrance than a help

 

Don't forget, he wasted the chance of a Multi Complex at Stoneham, with excellent Rail, Road and Air access

 

And don't tell me it would have been harder to get to than trudging round the back streets of down town Southampton to get to the Stadium, with it's abysmal Road access, NO rail access even though a line is right outside the grouns, and the Airport is back where the Stoneham project would have been

 

At best, in business terms, Lowe was no more than a Titular Head in respect of us getting St Mary's:cool:

 

Stoneham would have been sh!t. f*ck sitting on a "shuttle bus" up to the ground (sorry, multi purpose complex), i like st marys just where it is with plenty of pubs walking distance, and Southampton Central is an easy walking distance.

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With Saints you just knew that we had to much too loose, great support, great ground and good training facilities, with them what would attract another ML? They have **** support, **** ground and no training facilities. So I think they are in a much worse situation. ;-(

 

sums it up for me

most clubs looking for a buyer only need money for team, still if the skate lady who phoned in to talksport gets her way every premiership player will be donating a weeks wages to save poopey

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A real shame if true.

 

Maybe for you...and others. Personally - I hope they do sink without a trace. Didn't see very much sympathy from them when the shoe was on the other foot a short while ago - quite the opposite infact. Then again...maybe it's the fact that I actually live amongst them that gets my goat! I hear it all - day in - day out - day in - day out...

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sums it up for me

most clubs looking for a buyer only need money for team, still if the skate lady who phoned in to talksport gets her way every premiership player will be donating a weeks wages to save poopey

 

Like I quoted in the lounge, when we were in the carp all the poopey players donated wages to us NOT.

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Stoneham would have been sh!t. f*ck sitting on a "shuttle bus" up to the ground (sorry, multi purpose complex), i like st marys just where it is with plenty of pubs walking distance, and Southampton Central is an easy walking distance.

 

How exactly do YOU get to St Mary's ??? Are you chauffer driven. If not, it's a fair old hike from any direction

 

Southampton Central ??? Southampton Airport Parkway would have been closer to Stoneham

 

As regards a "shuttle bus", it would have been quicker than walking to St Mary's is now

 

Pubs ?? A fair few in Eastleigh etc

 

I've never understood why people objected to Stoneham. Would have been much much easier to get to IMHO

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How exactly do YOU get to St Mary's ??? Are you chauffer driven. If not, it's a fair old hike from any direction

 

Southampton Central ??? Southampton Airport Parkway would have been closer to Stoneham

 

As regards a "shuttle bus", it would have been quicker than walking to St Mary's is now

 

Pubs ?? A fair few in Eastleigh etc

 

I've never understood why people objected to Stoneham. Would have been much much easier to get to IMHO

 

B******s mate, never get why people say its a far work from the station, its not at all, plus St Mary's is nearly plenty of pubs, take aways etc and is in the heart of the city, exactly where a football ground should be!

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Yes, their debts are huge and wage bill massive compared to what Saints were before the takeover.

 

Also they don't have a good stadium, training ground or large fanbase to make them attractive to potential future investors.

 

in a twisted way I read this post and for a second actually felt glad we had Rupes about.

 

For all the bad he did our club he at least tried to keep our club working with steady financial setup. Poopy's lot seemed to have made one mess after another without considering what the end result may be.

 

I think our position has been a steady groan of going no-where fast over a long period of time which is a million miles better than charging full speed ahead into Bancrupcy IMO.

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How exactly do YOU get to St Mary's ??? Are you chauffer driven. If not, it's a fair old hike from any direction

 

Southampton Central ??? Southampton Airport Parkway would have been closer to Stoneham

 

As regards a "shuttle bus", it would have been quicker than walking to St Mary's is now

 

Pubs ?? A fair few in Eastleigh etc

 

I've never understood why people objected to Stoneham. Would have been much much easier to get to IMHO

 

Either you live in Eastleigh, or it sticks in your throat that the one thing that Lowe was genuinely responsible for (a bricks and mortar asset) is something that ultimately led to a bankrupt Saints being a better bet than a bankrupt Pompey.

 

SMS is a better option than Stoneham everyday of the week (bigger, better facilities around and about, and more accessible to the community in which it is rooted - how ****ing useless is an airport if you live in Shirley?)

 

For what it's worth I drive to SMS and park 15 mins walk away. Simples. Compared to an out of town place like the Madjeski Stadium - getting to, from and parking at SMS is simple. Many other examples of out of town places where you have a further walk.

 

The only argument in your favour is Parkway and that would mean a train ride rather than a walk for the majority, not the few.

 

I know you belong to the Lowe is Satan camp Richmond, but to try and take SMS away from him is a hate-blinded argument.... and it gives the rest of your often valid criticism less credibility.

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I dont get this,

 

PFC Statement

Portsmouth Football Club has not been formally served with a winding up petition and is shocked and surprised this action has been taken in respect of VAT, PAYE and National Insurance Contributions which either have been, or are about to be paid, or are disputed

 

They say they have not been formally served with a winding up petition but they are suprised this action has been taken?

 

If thats there argument then they are royally fooked lol

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I've never understood why people objected to Stoneham. Would have been much much easier to get to IMHO

 

I'm quite happy that Stoneham didn't get a go ahead. Having thought about it before writing, I've realised there's a fair few reasons why, so I'll list them.

 

1. Despite the artificiality of the setting, I prefer the quieter green barrier surrounding Southampton, rather than major development.

2. Eastleigh Spitfires would have been swamped by the development, and I don't think it would have been good for them overall.

3. The locals objected to any developement strongly. Fair enough too.

3. Saints made good use of a former brown field site, and kept the club within the city boundaries, rather than being on the outskirts.

4. I understand the park and ride system works ok, so problems with transport shouldn't be a major bother.

5. With the railway passing right next to the stadium, it can only be a matter of time before this opportunity is exploited. However, the vagaries of the thinking of Network Rail might put the kibosh on that.

6. Not that it bothers me directly, but nearby pubs and shops get a boost in income.

7. The Stoneham stadium was said to be of 26,000 capacity. Now I have always thought St Marys a tad too small, so I'm glad an even smaller stadium didn't come about.

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I dont get this,

 

PFC Statement

Portsmouth Football Club has not been formally served with a winding up petition and is shocked and surprised this action has been taken in respect of VAT, PAYE and National Insurance Contributions which either have been, or are about to be paid, or are disputed

 

They say they have not been formally served with a winding up petition but they are suprised this action has been taken?

 

If thats there argument then they are royally fooked lol

 

It's incredibly poorly written. It reads like they got a simpleton to do it for his homework.

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I know you belong to the Lowe is Satan camp Richmond, but to try and take SMS away from him is a hate-blinded argument.... and it gives the rest of your often valid criticism less credibility.

 

It was handed to him on a plate by the council. I don't know what you think he did.

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It's incredibly poorly written. It reads like they got a simpleton to do it for his homework.
I suggest that the revenue are sick to death of begging for payment month on month and so have taken this measure. I doubt they do it after the first /secord/or third occasion.
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It was handed to him on a plate by the council. I don't know what you think he did.

 

I'm assuming Lowe had a little to do with it, I don't think the council sorted the whole package out plus numerous attempts before hand to find/fund a new stadium fell on deaf ears, yes Lowe had his faults but please don't berate him for something he had a hand in.

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SMS is within the city where it should be, the politics of how it got there are from another era, and include not just Eastleigh but Hampshire Council's.

 

It was both the saviour and part of the downfall, servicing its debt led to under-investment in the team, then the needle swung far to far the other way leading to last summer.

 

However the blue few have nothing but a pile of envelopes unopened from the HMRC it seems from their club statement of denial. The other problem they have is no-one seems to know who's incharge or who owns what.

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poopy 0 Arse 2 at the moment :-)

 

On both occasions, the P*mpey defence looked completely uninterested; almost as if this winding up order - which of course hasn't been issued - has affected them. Hereidderson's watching of the ball as it skidded into the net bordered on pathetic.

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Read online at the weekend that they are paying Utaka £80K PER WEEK.

 

UTTER UTTER MADNESS.

 

Whoever set up that deal, and approved it needs their head examined. Even if they survive this, the fall-out is going to bring some BIG casualties, as questions WILL be asked by the authorities.

 

'Hopefully'

 

Job done agent Redknapp

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As posted on another thread:

Looking at the Pondsmuff News on line it must be panto season:

 

 

 

Its worse than a joke 2 skint arabs and 2 storrie tellers - how can these arabs pass the premier league tests - surely some of the blame lies with the premier league for allowing these tats to get their hands on our club in the first place

 

 

I say,I say,I say, whats worse thanthe prospect ofyour football club being bought by a penniless Jew ?

 

Being bought by two skint arabs !

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I suggest that the revenue are sick to death of begging for payment month on month and so have taken this measure. I doubt they do it after the first /secord/or third occasion.

 

Basically, they have sat down and run the figures on the likelihood of receiving any money from the skates and have decided that they are not a viable going concern and that therefore the best way to get their cash is to be the first to issue the winding up order so that they can be allocated funds.

 

As previously mentioned, HMRC no longer have a preferred debtor status so they're in the mix with everybody else, and with the league / FA ringfencing money from sales for other clubs, HMRC will probably need them to be in administration to be able to challenge this through the normal administration process.

 

I'm not sure on the legality of the FA / League cartel's rules here - would be an interesting one to see 2 bunches of arseholes ( The FA / League and HMRC ) fighting it out in court (except that HMRC will be spending our money to do so...)

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On both occasions, the P*mpey defence looked completely uninterested; almost as if this winding up order - which of course hasn't been issued - has affected them. Hereidderson's watching of the ball as it skidded into the net bordered on pathetic.

 

I'd imagine they've not been paid again. Somebody on here mentioned it was meant to be yesterday.

 

Ferguson will be livid again :)

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A statement on the club's official website read: "Portsmouth Football Club has not been formally served with a winding-up petition and is shocked and surprised this action has been taken in respect of VAT, PAYE and National Insurance Contributions which either have been, or are about to be paid, or are disputed.

 

"The club is disputing the VAT amount outstanding and has formally notified HMRC of this. We expect HMRC to withdraw their demands forthwith.

 

This is a strange statement! They say they have not been issued with a winding up order but are shocked that this action has been taken - what????? Not only that, everyone in business knows that if you can't pay HMRC and dispute the amount they will still issue the winding up order. You have to pay them and then dispute, HMRC are never wrong!

 

If they have debts to HMRC and are trying to avoid payment by disputing amounts then they will be hit very, very hard indeed. There is only ever one winner when its 'you' against the tax man.

 

This statement just shows how naive the admin team are down there, They need to pay up quickly or they will be in real trouble. Mess with the other creditors if you will but NOT HMRC.

 

I find it amusing really but I suppose I shouldn't should I? I mean they are our friends aren't they? They would not laugh at us surely? They would help us wouldn't they?

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It does look like Pompey are big time in trouble, and quite likely will be relegated, which will only get worse for them. So in three years we will be back to our southern dominance as it has pretty much been the last 40 or so years, since ive been a supporter.

 

I am going to say though, that i dont feel any real joy about this, ive never really understood this pompey hate thing. I mean i can understand the banter, but reading some of the posters joy, well i dont get it.

 

Having gone through it with the cretin Lowes slaughter of our club, i sympathise with what their fans are about to go through...........

 

Which wont in any way stop me continueing to feel great that at last we are on the way back upwards............

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What i would love even more is if the fans alienate the owners so much they just turn around and hand it to someone that is nothing more than a tyre kicker...........Tony Lynham ?? Where are you ??

 

And to the OP question, yes, yes i believe that their predicament is much much worse.

 

Isn't a winding up order much worse than being placed in admin ?? (i am not sure)

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How exactly do YOU get to St Mary's ??? Are you chauffer driven. If not, it's a fair old hike from any direction

 

Southampton Central ??? Southampton Airport Parkway would have been closer to Stoneham

 

As regards a "shuttle bus", it would have been quicker than walking to St Mary's is now

 

Pubs ?? A fair few in Eastleigh etc

 

I've never understood why people objected to Stoneham. Would have been much much easier to get to IMHO

 

Its not even in Southampton! The capacity of the proposed stadium was only 25k

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