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

[Chez]

Gaydamak's needs to be held partly accountable for this mess - I like him!

 

partly? Totally.

[ottery st mary]

Just like you perhaps

 

Happy New Year

 

Happy New Year to you and Rupes John Boy........I have worked for my money.....The rest is accurate.:wink:

[SaintRichmond]

A very fair point. If SMS killed RL's finances ultimately , as sure as hell Southampton and Eastleigh councils weren't getting involved in expensive and controversial green belt developments at Stoneham. Northam has proved more than adequate for Saints albeit no shopping mall extras next to the M27 that Rupes would have preferred no doubt.

 

That is a crucial point

 

Stoneham WAS a Multi Complex development, which would have allowed income throughout the year

 

St Mary's IS a great Stadium, but a "stand alone" one, ie Income from Football only

 

With excellent Road, Rail, and Airport facilities, I still cannot understand why the Stoneham project, if handled correctly, would have been more beneficial to Saints

 

For some reason, Saints fans seem to think Stoneham is light years away fron Southampton, yet, even from the Civic Centre, it would have been quicker to get to the Stoneham Stadium. Bear in mind, from the Parks areas, you have to WALK to St Mary's:)

[John B]

That is a crucial point

 

Stoneham WAS a Multi Complex development, which would have allowed income throughout the year

 

St Mary's IS a great Stadium, but a "stand alone" one, ie Income from Football only

 

With excellent Road, Rail, and Airport facilities, I still cannot understand why the Stoneham project, if handled correctly, would have been more beneficial to Saints

 

For some reason, Saints fans seem to think Stoneham is light years away fron Southampton, yet, even from the Civic Centre, it would have been quicker to get to the Stoneham Stadium. Bear in mind, from the Parks areas, you have to WALK to St Mary's:)

 

 

People walk from Woolston and Bitterne to St Mary's it is long way to Stoneham from there.

[Chez]

That is a crucial point

 

Stoneham WAS a Multi Complex development, which would have allowed income throughout the year

 

St Mary's IS a great Stadium, but a "stand alone" one, ie Income from Football only

 

With excellent Road, Rail, and Airport facilities, I still cannot understand why the Stoneham project, if handled correctly, would have been more beneficial to Saints

 

For some reason, Saints fans seem to think Stoneham is light years away fron Southampton, yet, even from the Civic Centre, it would have been quicker to get to the Stoneham Stadium. Bear in mind, from the Parks areas, you have to WALK to St Mary's:)

 

if say a bowling alley was built as part of this complex, Saints FC would not have owned it nor benefited financially so I don't see what difference it would have made.

 

If you've been to the Reebock or the Madjeski stadium then you'd know how lucky we are to have got the stadium built in the city centre.

[Chez]

People walk from Woolston and Bitterne to St Mary's it is long way to Stoneham from there.

 

as do those that come from the Isle of Wight.

[Scummer]

from the Civic Centre, it would have been quicker to get to the Stoneham Stadium.

 

How do you work that out?

[John B]

How do you work that out?

 

I think he thinks Stoneham is at Stag Gates

[Danny R]

That is a crucial point

 

Stoneham WAS a Multi Complex development, which would have allowed income throughout the year

 

St Mary's IS a great Stadium, but a "stand alone" one, ie Income from Football only

 

With excellent Road, Rail, and Airport facilities, I still cannot understand why the Stoneham project, if handled correctly, would have been more beneficial to Saints

 

For some reason, Saints fans seem to think Stoneham is light years away fron Southampton, yet, even from the Civic Centre, it would have been quicker to get to the Stoneham Stadium. Bear in mind, from the Parks areas, you have to WALK to St Mary's:)

 

It would have been a disaster. St Mary's is a great location and is only a 10 minute walk from the town and pubs etc. I hate out of town stadiums, so lifeless.

[Thedelldays]

I love the way people moan about stoneham not being built (not many people granted)

 

people hated lowe for promoting 'other business avenues" for the club..like the radio station, TV etc etc...saying he "was not a football man"...

 

then say SMS is nothing but a stand alone stadium and we COULD HAVE had more..

 

jesus, we have a nice ground, over 30k with the space to add alot more if one day required..a UEFA 4 star stadium in the heart of the city, which is litterally a stones throw from where the bloody club was created in the first place..and named as such...

 

jesus christ..is this the level of fickleness we have reached..?

[Scummer]

I love the way people moan about stoneham not being built (not many people granted)

 

people hated lowe for promoting 'other business avenues" for the club..like the radio station, TV etc etc...saying he "was not a football man"...

 

then say SMS is nothing but a stand alone stadium and we COULD HAVE had more..

 

jesus, we have a nice ground, over 30k with the space to add alot more if one day required..a UEFA 4 star stadium in the heart of the city, which is litterally a stones throw from where the bloody club was created in the first place..and named as such...

 

jesus christ..is this the level of fickleness we have reached..?

 

Like you say, it's only a couple of people.

[Danny]

Please get your facts right. The ancilliary facilities like the Sports complex would have been down to the Council, not the club. And Lowe's insistence on having the muliplex cinema and the huge out of town shopping development killed the project stone dead. So it is perfectly fair to put the blame squarely on Lowe's shoulders for the failure of Stoneham.

 

Really? First I've heard of it. Which council would run the facilities - can't have been Southampton (it was out of their geographic limits, else they would have been able to grant planning permission) or Hampshire as sports facilities are run by borough and district councils, not the county one) so that leaves Eastleigh - who were against the commercial side (as they believed it would have an impact on their town centre - and probably wouldn't have the financial resources to fund such a project let alone build and run it.

 

However, a quick Google search has just turned up something interesting: http://www.cnplus.co.uk/news/southampton-mowlem-marches-towards-stadium/929833.article

 

The commercial developments were added to fund improvements to the original brief, as demanded by Hampshire County Council - so it was ultimately them and not Lowe responsible for the commercial developments being added.

 

Like I've said before, we have plenty of things to (rightly) bash Lowe with - so why do we need to make others up?

[Thedelldays]

£52m to fund a 25k ground...jesus..lol

[70's Mike]

I have never hidden my feelings about Lowe, the Reverse Fiddle etc BUT even i am glad we are at SMS rather than Stoneham.

Yes it was near the Motorway but as someone pointed out how would you have got 25000 away at the same time it would have been a disaster.

[ringwood]

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

 

 

back on topic, seems they ought to pop a cheque in the post, thats what Rupes did and we ended up better off or perhaps they arn't sure who has the cheque book!

[Whitey Grandad]

If a football club wants to make extra money from property development or building a retail park then there is nothing to stop them, it doesn't have to be co-located with the ground.

[Whitey Grandad]

I have never hidden my feelings about Lowe, the Reverse Fiddle etc BUT even i am glad we are at SMS rather than Stoneham.

Yes it was near the Motorway but as someone pointed out how would you have got 25000 away at the same time it would have been a disaster.

The proposed carpark was reduced in size because it would have taken several hours to empty it.

[John B]

I have never hidden my feelings about Lowe, the Reverse Fiddle etc BUT even i am glad we are at SMS rather than Stoneham.

Yes it was near the Motorway but as someone pointed out how would you have got 25000 away at the same time it would have been a disaster.

 

Like the Rose Bowl

[Saint Fan CaM]

The only thing wrong with SMS is it's proximity to some pretty ugly industry (e.g. the ballast/cement works). If that area could be redeveloped into waterside bars/restaurants/shops/hotel for example, the development would be complete and be quite impressive.

 

A big problem for leisure business development in the area is the area itself. Friends of mine unsuccessfully tried opening a live music bar near to SMS a year or so back, however one big factor in the failure of that venture was that there was no passing trade in the evening - it is a no-go zone thanks to violence, drugs and unsavoury individuals. Could the reputation of the area be turned around? Possibly not.

 

There would also need to be significant flood defence work also if I remember rightly, there are significant issues in that area (although it didn't stop the building of the new accomodation apartments just down the road).

[gjphilsaint]

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

 

 

back on topic, seems they ought to pop a cheque in the post, thats what Rupes did and we ended up better off or perhaps they arn't sure who has the cheque book!

 

it strikes me that PFC are being kept alive/afloat as long as they are in the Premiership... when/if they drop out they will go the way of administration and the rest.... the whole sorry business of takeover/counter takeover smells of the worst sort or Corup***** which sadly for football as a whole will rock the very foundations to its core! Many heads will roll and not just along the M27!!!

[St Marco]

So have the players been paid today? Isn't there a rule that say's something like if you miss 3 payments you get a points deduction or did i dream that?

[Wes Tender]

Really? First I've heard of it. Which council would run the facilities - can't have been Southampton (it was out of their geographic limits, else they would have been able to grant planning permission) or Hampshire as sports facilities are run by borough and district councils, not the county one) so that leaves Eastleigh - who were against the commercial side (as they believed it would have an impact on their town centre - and probably wouldn't have the financial resources to fund such a project let alone build and run it.

 

However, a quick Google search has just turned up something interesting: http://www.cnplus.co.uk/news/southampton-mowlem-marches-towards-stadium/929833.article

 

The commercial developments were added to fund improvements to the original brief, as demanded by Hampshire County Council - so it was ultimately them and not Lowe responsible for the commercial developments being added.

 

Like I've said before, we have plenty of things to (rightly) bash Lowe with - so why do we need to make others up?

 

Well, we live and learn, don't we?

 

Indeed it was Eastleigh Borough Council who would have run the Sports centre with the smaller athletics stadium and all the other sporting facilities alongside the development, which was to be a rival to Gateshead and Crystal Palace, something that the South does not possess. International track and field events could have been hosted there, which was why the Airport, rail and motorway links were so important.

 

Quoting that Mowlem article showed two things. Firstly, Mowlem didn't get the contract to build the stadium anyway. Secondly, as Cowan said, the two schemes that the club were proposing couldn't be agreed by EBC, so the scheme was dead in the water from that time. Lowe could have backed down and gone for any other number of alternatives, but as usual he was stubborn and pig-headed and alienated the Council instead of seeking any compromise. Anyway, it was not a Sports superstore they proposed, as that would have been allowed. They were after a Superstore the size of ASDA at Chandlers Ford, one mile away from Eastleigh town centre's shops.

 

As you say, there is plenty to bash Lowe with, this being one of his earlier errors of judgement, although history has glossed over it, as most are content with St. Mary's. But the credit for that goes solely to Southampton City Council, as when the Stoneham project died, the club was left with no alternative site until SCC produced the land at St. Mary's which was designated originally for social housing.

 

All this has little to do with the original thread subject, but I will never accept any attempts to rewrite history on the matter of the Stoneham episode. Even when fans discuss the former board and state that at least Lowe got us St. Mary's, that has to be qualified by saying that he also lost us Stoneham and that the offer of the St. Mary's site saved his bacon, as otherwise we would in all probability still be at a Dell with another thousand or so seats shoe-horned in somewhere.

 

The only connection with the thread is that without St. Mary's stadium, we wouldn't have Markus Liedherr, so Lowe gets credit for getting us into such a parlous state that we could appear a bargain with decent assets on the cheap

[St Marco]

So have the players been paid today? Isn't there a rule that say's something like if you miss 3 payments you get a points deduction or did i dream that?

 

SSN say they not been paid and have until 4pm today to pay them

[Red&White]

Pretty shocking state of affairs, I shant be joining those wishing for the death of of our local rivals though. I wouldn't wish what we went through in the summer on the fans of any club and certainly wouldn't want our biggest rivals to disapear for good imagine that the prospect of a big local derby isn't there to keep us interested in the cup draw? I will of course enjoy the usual banter when they get relegated and thrashed a few times on the way down but that is a totally different kettle of fish.

 

It pains me but I agree ](*,)

[Saint dyer]

so when are they gunna be deducted points then?

[Matthew Le God]

so when are they gunna be deducted points then?

 

They won't unless they go into administration, which hasn't happened.

[waggy]

The Premier League will not want the 'brand name' tarnished by a member club going into admin or worse. I'm not saying that they are funding Pimpey by any means but I would suspect that they are 'assisting' by not being too fussy about where the funding is coming from currently to keep them afloat. I wouldn't be surprised to see that, if they are still in a finacial mess at the seasons end and aren't in a relegation place, they are given a points deduction that ensures they won't be an embarassment next season. (IMHO)

[macthesaint]

Watching them on sky last night,it bought back bad memories.

Being outclassed by the opposition.

Home fans singing you f in ruined our club and wheres the money gone etc?

2 seasons after a cup final + europe,managers coming and going.

The writings on the wall for the blue few,not so funny now is it skates?

[Whitey Grandad]

So have the players been paid today? Isn't there a rule that say's something like if you miss 3 payments you get a points deduction or did i dream that?

I think that's more to do with players' contracts. It has been suggested that they are void after 3 missed payments which would mean that the players concerned become free agents with no transfer value. However I did see another reference which suggested 3 months without being paid, so who knows?

[Saint Without a Halo]

I love the way people moan about stoneham not being built (not many people granted)

 

people hated lowe for promoting 'other business avenues" for the club..like the radio station, TV etc etc...saying he "was not a football man"...

 

then say SMS is nothing but a stand alone stadium and we COULD HAVE had more..

 

jesus, we have a nice ground, over 30k with the space to add alot more if one day required..a UEFA 4 star stadium in the heart of the city, which is litterally a stones throw from where the bloody club was created in the first place..and named as such...

 

jesus christ..is this the level of fickleness we have reached..?

 

Agreed ! It is the season of goodwill so w should be thankful for what we have got! just look at poor Poopey they dont even own a training ground!

[ringwood]

PFC first team getting paid on 5th Jan for December , but its only an expectation not a confirmation.

 

Lurching from crisis to crisis

[up and away]

Well, we live and learn, don't we?

 

Indeed it was Eastleigh Borough Council who would have run the Sports centre with the smaller athletics stadium and all the other sporting facilities alongside the development, which was to be a rival to Gateshead and Crystal Palace, something that the South does not possess. International track and field events could have been hosted there, which was why the Airport, rail and motorway links were so important.

 

Quoting that Mowlem article showed two things. Firstly, Mowlem didn't get the contract to build the stadium anyway. Secondly, as Cowan said, the two schemes that the club were proposing couldn't be agreed by EBC, so the scheme was dead in the water from that time. Lowe could have backed down and gone for any other number of alternatives, but as usual he was stubborn and pig-headed and alienated the Council instead of seeking any compromise. Anyway, it was not a Sports superstore they proposed, as that would have been allowed. They were after a Superstore the size of ASDA at Chandlers Ford, one mile away from Eastleigh town centre's shops.

 

As you say, there is plenty to bash Lowe with, this being one of his earlier errors of judgement, although history has glossed over it, as most are content with St. Mary's. But the credit for that goes solely to Southampton City Council, as when the Stoneham project died, the club was left with no alternative site until SCC produced the land at St. Mary's which was designated originally for social housing.

 

All this has little to do with the original thread subject, but I will never accept any attempts to rewrite history on the matter of the Stoneham episode. Even when fans discuss the former board and state that at least Lowe got us St. Mary's, that has to be qualified by saying that he also lost us Stoneham and that the offer of the St. Mary's site saved his bacon, as otherwise we would in all probability still be at a Dell with another thousand or so seats shoe-horned in somewhere.

 

The only connection with the thread is that without St. Mary's stadium, we wouldn't have Markus Liedherr, so Lowe gets credit for getting us into such a parlous state that we could appear a bargain with decent assets on the cheap

 

The decision on Stoneham came down to simple economics. How much and over what period. If this equation is not squared, I am really glad Lowe was stubborn and pig headed about it. If we could not make the whole project affordable by the addition of other revenue schemes or cost sharing, what is the point? Lowe never lost us Stoneham, he could have always gone back at any time. Lowe turned Stoneham down, because it did not square financially.

[ypbl]

PFC first team getting paid on 5th Jan for December , but its only an expectation not a confirmation.

 

Lurching from crisis to crisis

 

oh dear. Out of interest, where did this news come from?

[ypbl]

oh dear. Out of interest, where did this news come from?

 

I'll answer my own question. Here:

 

http://www.portsmouth.co.uk/newshome/Pompey-fail-to-pay-players.5950081.jp

[RinNY]

I'll answer my own question. Here:

 

http://www.portsmouth.co.uk/newshome/Pompey-fail-to-pay-players.5950081.jp

 

It's one excuse after another with them. "New investment is being arranged now"; "50 million will be available in a few weeks"; "the bank failed to transfer the money properly"; "the VAT and PAYE are in dispute and we'll be suing the govt. for daring to demand them"; and so on, and so forth. They never lack some sort of specious explanation for why they haven't paid whatever it is they haven't paid, and how they'll be paying it shortly. When are creditors other than the govt. going to draw the only possible conclusion -- that there is no real money behind the club -- and press for a bankruptcy proceeding, is what I wonder.

 

Man, it does not look good for them. Under a transfer embargo, that they kept saying would be lifted soon, but it hasn't been; facing a winding up order, which they claim is unjustified, but can't prove it; unable to meet their wage bill for the third time; likely to have to sell any player for whom they can get any kind of money at all ...

 

Why on earth didn't Storrie walk away from this mess when he had the chance? Or is he in too deep with things he can't afford to let a new executive discover and make public? More to the point, what on earth possessed Avram Grant to walk into this mess?

[SaintRichmond]

The decision on Stoneham came down to simple economics. How much and over what period. If this equation is not squared, I am really glad Lowe was stubborn and pig headed about it. If we could not make the whole project affordable by the addition of other revenue schemes or cost sharing, what is the point? Lowe never lost us Stoneham, he could have always gone back at any time. Lowe turned Stoneham down, because it did not square financially.

 

You really believe that ??????

 

Lowe was SUPPOSED to be a Businessman. On that alone, Stoneham made financial sense. Far Far better sense than the "stand alone" St Mary's project

 

St Mary's as a Stadium is GREAT, but "St Mary's" at Stoneham, with the other complexes would have made much more sense from a Business point of view

 

IMHO, in times of strife ST MARY's DOES NOT SQUARE FINANCIALLY, as was proven a short time ago

 

It is ironic to me that Leibherr & Cortese's First Statement was that St Mary's would be run as a BUSINEES, and are doing a very good job of it IMHO

 

Whereas Lowe "The Businessman" failed abysmally to run St Mary's as a Business for well over TEN YEARS :cool:

[ringwood]

does this not then mean they are trading whilst insolvent? the report says expecting funds? and its not just players unpaid, lookslike HMRC might not be only ones hammering on the door

[Gemmel]

"A club spokesman said: 'The problem was due to a file not being loaded properly at the bank. It wasn't processed properly"

 

Yeah right :---)

 

It's things like that, that really **** fans off. Does storie ever tell the truth? I know they are as thick as fook down there, but I doubt even the blue few will swallow that bull****

[Saint dyer]

what i dont understand is how are they not in administration???they clearly have no money and seem to keep getting extra time. if i rememer rightly we went straight into admin, no messing around

[derry]

Bank didn't process disc properly. I've heard it all now. So withdraw the cash and pay out everybody from the payroll details.

 

Oh I see, there is no money in the account.

[Saint_Jonny]

what i dont understand is how are they not in administration???they clearly have no money and seem to keep getting extra time. if i rememer rightly we went straight into admin, no messing around

 

This.

 

And we only owed something like 5m to the bank. Not tens and tens of millions to lots of different sources / people / clubs / HMRC. The club EVEN payed staff and player wages right through til' the end of the season while in admin. Its a JOKE that they havnt been placed into administration yet, a ****ing farce.

[RinNY]

You really believe that ??????

 

Lowe was SUPPOSED to be a Businessman. On that alone, Stoneham made financial sense. Far Far better sense than the "stand alone" St Mary's project

 

St Mary's as a Stadium is GREAT, but "St Mary's" at Stoneham, with the other complexes would have made much more sense from a Business point of view

 

IMHO, in times of strife ST MARY's DOES NOT SQUARE FINANCIALLY, as was proven a short time ago

 

It is ironic to me that Leibherr & Cortese's First Statement was that St Mary's would be run as a BUSINEES, and are doing a very good job of it IMHO

 

Whereas Lowe "The Businessman" failed abysmally to run St Mary's as a Business for well over TEN YEARS :cool:

 

Arguing about Lowe is a waste of time, because people's positions are set in stone and nothing will persuade them to change. However, that said, there are plain facts that must be accepted by any reasonable person. (Are you a reasonable person?) My point is this: under Lowe, the mortgage on the stadium was a major cost, a cost that was not problematic so long as we were in the Prem, but a cost that became a millstone once we dropped out, and especially once the parachute payments ceased. Liebherr got the stadium for, probably, about 30p on the pound in the winding up of SLH; he owns it outright and has no crippling mortgage payments to make. Obviously, that makes it as easy for him to run it as a going concern as it was difficult for Lowe (and Wilde, and Crouch). There is no comparison, and in making the one you make, you reveal only your set prejudice against Lowe. A prejudice which is understandable, but which a reasonable person might perhaps think it was time to consign to the past?? I.e., get over it, eh?

[SaintRichmond]

The only thing wrong with SMS is it's proximity to some pretty ugly industry (e.g. the ballast/cement works). If that area could be redeveloped into waterside bars/restaurants/shops/hotel for example, the development would be complete and be quite impressive.

 

A big problem for leisure business development in the area is the area itself. Friends of mine unsuccessfully tried opening a live music bar near to SMS a year or so back, however one big factor in the failure of that venture was that there was no passing trade in the evening - it is a no-go zone thanks to violence, drugs and unsavoury individuals. Could the reputation of the area be turned around? Possibly not.

 

There would also need to be significant flood defence work also if I remember rightly, there are significant issues in that area (although it didn't stop the building of the new accomodation apartments just down the road).

 

From the moment that St Mary's rose from the wasteland, it was common knowledge that the ACCEESS Infrastructure was KR*P

 

For a start, there is a redundant Railway line going rusty right outside the Kingsland stand, What could be easier to bring away supporters in by ???

 

But, ever since tSt Mary'sopened, NOTHING has been done to improve ways of getting to the ground. Going by the St Mary's Church route, it is a back street winding road which leads to the doors of the ground

 

The Question to ask is WHY nothing has ever been done to improve ACCESS ???? :cool:

[benjii]

That is a crucial point

 

Stoneham WAS a Multi Complex development, which would have allowed income throughout the year

 

St Mary's IS a great Stadium, but a "stand alone" one, ie Income from Football only

 

With excellent Road, Rail, and Airport facilities, I still cannot understand why the Stoneham project, if handled correctly, would have been more beneficial to Saints

 

For some reason, Saints fans seem to think Stoneham is light years away fron Southampton, yet, even from the Civic Centre, it would have been quicker to get to the Stoneham Stadium. Bear in mind, from the Parks areas, you have to WALK to St Mary's:)

 

[SaintRichmond]

Arguing about Lowe is a waste of time, because people's positions are set in stone and nothing will persuade them to change. However, that said, there are plain facts that must be accepted by any reasonable person. (Are you a reasonable person?) My point is this: under Lowe, the mortgage on the stadium was a major cost, a cost that was not problematic so long as we were in the Prem, but a cost that became a millstone once we dropped out, and especially once the parachute payments ceased. Liebherr got the stadium for, probably, about 30p on the pound in the winding up of SLH; he owns it outright and has no crippling mortgage payments to make. Obviously, that makes it as easy for him to run it as a going concern as it was difficult for Lowe (and Wilde, and Crouch). There is no comparison, and in making the one you make, you reveal only your set prejudice against Lowe. A prejudice which is understandable, but which a reasonable person might perhaps think it was time to consign to the past?? I.e., get over it, eh?

 

 

Yes, I am a reasonable person

 

Yes, the mortgage (arranged by Lowe) DID become a Millstone around our necks once we dropped out of the Prem, BUT, surely, Lowe the BUSINESSMAN should have prevented us from going DOWN

 

HOW ?????

 

By "Splashing out" circa £6M on Two centre backs who would have stabilised the defence

 

£6M ..... against the Multi Millions that we lost from the Prem by being relegated

 

Lowe the Businessman ????? You are having a laugh

 

Easier for Leibherr to run St Mary's ????? Without a Mortgage ????? Yes, of course it is easier, but WHY did Lowe Mortgage our Brand New St Mary'sup to the hilt in the first place ???

 

The answer I suppose is because even after all the plaudits of how good a Businessman he was, he attracted £0 INVESTMENT in all the years he was stuck like a leech to us

 

That's how good he was

 

What DOES bear comparison is the simple fact that Leibherr/Cortese know FAR more about running a profitable Business than Lowe ever will as long as he has a hole in his 'Rser:cool:

[Thedelldays]

Saint richmond

 

you are one paronoid mo fo

[Thedelldays]

Saint richmond

 

you are one paronoid mo fo

[up and away]

You really believe that ??????

 

Lowe was SUPPOSED to be a Businessman. On that alone, Stoneham made financial sense. Far Far better sense than the "stand alone" St Mary's project

 

St Mary's as a Stadium is GREAT, but "St Mary's" at Stoneham, with the other complexes would have made much more sense from a Business point of view

 

IMHO, in times of strife ST MARY's DOES NOT SQUARE FINANCIALLY, as was proven a short time ago

 

It is ironic to me that Leibherr & Cortese's First Statement was that St Mary's would be run as a BUSINEES, and are doing a very good job of it IMHO

 

Whereas Lowe "The Businessman" failed abysmally to run St Mary's as a Business for well over TEN YEARS :cool:

 

You have not got a Scooby Do. Show me all these figures that make Stoneham the great business venture that never was! Made financial sense my arse, you don't even make common sense let alone financial. As for football clubs squaring financially, go through the whole football league and give it your best shot!

 

As for our saviour Liebherr, he would still be far better off sticking his money into a long term account, but that's not what it is all about with Liebherr otherwise he would not be here. As Tommy Docerty said, the only way to earn millions from owning a football club, is to start with trillions.

[Junction 9]

Looks like I'm one of the few that has sympathy for Pompey fans. I hope they get through all this and the club survives as I think the south coast needs them. I would miss the banter personally.

As for saying they deserve for gloating at us and our troubles, I see you're all rising above it and not doing the same thing back. Fans are fans, some good some bad.

[Saint dyer]

i agree with junction 9. though. i would personally like to see them struggling in the championship for years to come. not dissapear completely