Jump to content

Portsmouth Left in Limbo


St Chalet
 Share

Recommended Posts

Glad to see we are not the only ones having problems.

 

http://www.guardian.co.uk/football/2009/jun/10/portsmouth-takeover-sulamain-al-fahim

 

I'd put money at the moment on our takeover going through and theirs going pear-shaped. They have held off appointing Hart and it will leave their preperations in tatters. Of course it could go through but another risky one.

Link to comment
Share on other sites

Pompey in "Due Diligence taking a while to complete, meaning the papers, who have absolutely no inside information, just as they had no advance knowledge of the proposed takeover sensationalising anything to try and make it more interesting" non - shock.

 

As for not appointing Hart, LOL. What a blow that's been.

Link to comment
Share on other sites

Corp, what are your feelings on deals like this happening in English football?

 

Honestly? Whilst I love the fact that Pompey might be backed by an Arab billionaire meaning we might finally get the fabled new stadium and training ground I really don't like the whole circus around the Premiership. I think it's ruining real football. If you stay in the lower leagues for a few more years you'll start to see kids in Southampton all wearing Man U, Chelsea and Liverpool shirts and your support will dwindle and it's wrong. Money is ruining football for the real fans. I pay £660 (!) for a season ticket - that's £35 a game and that's at a reduced rate. It's ridiculous.

 

I have no problem with foreign owners of teams, I can't see that it makes any difference and if other teams are buying success I'm happy for Pompey to do it too. But my ideal scenario would be this.

 

Salary cap introduced and squad sizes limited to 25 players. Also, a restriction on the amount any club can pay in transfer fees each year. Make the playing field for every team. It would make the league far more open and more interesting for everyone as you'd have to rely on good coaching rather than buying success - which is what Man U do as much as Chelsea and Liverpool. Then I'd distribute the TV money much more equally between the leagues. It would close the gap between clubs and make falling out of the Prem less of a disaster than it is at present and stop driving clubs into administration.

 

Will never happen (can you see any of the big 4 voting for those kind of changes) but it would make things far more interesting

Link to comment
Share on other sites

Honestly? Whilst I love the fact that Pompey might be backed by an Arab billionaire meaning we might finally get the fabled new stadium and training ground I really don't like the whole circus around the Premiership. I think it's ruining real football. If you stay in the lower leagues for a few more years you'll start to see kids in Southampton all wearing Man U, Chelsea and Liverpool shirts and your support will dwindle and it's wrong. Money is ruining football for the real fans. I pay £660 (!) for a season ticket - that's £35 a game and that's at a reduced rate. It's ridiculous.

 

I have no problem with foreign owners of teams, I can't see that it makes any difference and if other teams are buying success I'm happy for Pompey to do it too. But my ideal scenario would be this.

 

Salary cap introduced and squad sizes limited to 25 players. Also, a restriction on the amount any club can pay in transfer fees each year. Make the playing field for every team. It would make the league far more open and more interesting for everyone as you'd have to rely on good coaching rather than buying success - which is what Man U do as much as Chelsea and Liverpool. Then I'd distribute the TV money much more equally between the leagues. It would close the gap between clubs and make falling out of the Prem less of a disaster than it is at present and stop driving clubs into administration.

 

Will never happen (can you see any of the big 4 voting for those kind of changes) but it would make things far more interesting

£660 for a s/t!! No thanks, as much as I love the Saints I dont think I would justify thatjust to pay for players like Crouch on 80k a week(not because hes a Pompey player) or Wes Brown et al. just ordinary /above average footballers. I agree with your thoughts about how the money should be shared but as you say it will never happen. It is really only a big boys game now, Real Madrid have just turned the screw by paying 58m and 80m for players. it will make it even harder to survive long term as their wages will be astronomical and so pull the general wage up with them. The PL s/t soon will be £1000 in that case.

You have a nice financial future if the arab buys you and will have the spoils of that, but it is at a high price IMO

ps I thought Johnson was very good last night except for that shot Lol

Link to comment
Share on other sites

I would sooner SFC be in the CCC, winning more than they are losing, play offs etc then be in the EPL and priced out of going.

 

I couldn't justify paying £35 per game via season ticket or £40 odd quid a game on a game by game basis.

 

HTF could I justify £35 to watch SFC v Bolton/Blackburn/Hull/Wigan etc............

 

I couldn't.

Link to comment
Share on other sites

Pompey ST's are one of the most expensive in the prem. Standard first time season ticket for adults is £710 for the 19 games. At most premiership clubs you can get a season ticket approaching half that (including Villa, City, Bolton, Fulham, Sunderland, Blackburn).

Link to comment
Share on other sites

Pompey ST's are one of the most expensive in the prem. Standard first time season ticket for adults is £710 for the 19 games. At most premiership clubs you can get a season ticket approaching half that (including Villa, City, Bolton, Fulham, Sunderland, Blackburn).

 

TBF I do sit in the most expensive section but it's still a lot of cash. I'm lucky in that I can comfortably afford it but, not wanting to get into attendances again, it's understandable that many can't, especially if you're taking a couple of kids with you. By the time you add on drinks and a burger with two kids you've got to be looking at £100 a game. £2000 a season - the working man's game? LOL. Another reason why I hate the Prem and it's money.

 

Back on the original topic about Pompey being left in limbo and the possibility of our new owner pulling out, here's what he said today in a report from the local paper:

 

Sulaiman Al Fahim insists his Pompey passion will see him become the club's new owner.

And he reassured fans they have nothing to worry about when it comes to potential hurdles emerging before the deal is sealed.

 

Al Fahim has called for patience from supporters while the £60m takeover of the Blues is completed.

 

Reports have emerged today that the deal is in limbo, with claims Al Fahim is set to pull out if he has to reveal who the backers of his investment are.

 

It has also been alleged the potential takeover is merely a publicity stunt, a claim Al Fahim vehemently denies.

 

Newcastle have made a late bid to lure the Arab property tycoon to the north east – as revealed by The News last week.

 

But the warmth afforded to Al Fahim during his whistle-stop tour of the city last week has left him in no doubt Pompey is the right club for him.

 

He also dismissed concerns the Premier League's 'fit and proper person' test will prove an obstacle to the move being completed. A source close to Fahim revealed his desire to complete the takeover has been galvanised by his welcome from the city.

 

He told The News: 'Newcastle have been trying to getting him up there, but he is sticking with Portsmouth.

 

'The doctor wants the people of Portsmouth to know he is as committed as ever to completing the takeover.

 

'He has said everything "feels right", and that is important to him.'

 

It looks likely the takeover at Pompey will not be completed until July.

 

The due diligence process is continuing, with Al Fahim's accountants and lawyers going over the books.

 

Broadly speaking, due diligence is where a business's health is assessed and gives the potential buyer the chance to assess the state of a company's finances.

 

Al Fahim has also offered to forward any details the Premier League need regarding his impending arrival, according to the source.

 

He said: 'The due diligence process is moving on, but I don't see it being finished this week. The doctor understands people's eagerness because he shares it himself. But you have to be professional going through the due diligence process.

 

'The people who have rushed it through previously have paid the price. He is also willing to give the Premier League all the information they need. He will be fully compliant with them.

 

'You have to remember the doctor is already a goodwill ambassador for the United Nations.

 

 

 

Link to comment
Share on other sites

  • 1 month later...
Pompey ST's are one of the most expensive in the prem. Standard first time season ticket for adults is £710 for the 19 games. At most premiership clubs you can get a season ticket approaching half that (including Villa, City, Bolton, Fulham, Sunderland, Blackburn).

 

Making excuses for your poor crowds?

Link to comment
Share on other sites

http://goal.com/en/news/9/england/2009/07/12/1377713/portsmouth-takeover-continues-to-stall-report

 

If it doesn't go through until next month they will be way behind in the transfer market, taking into account the amount of players they have sold/released there will barely be a squad to face fulham!

 

Looks like the takeover is about to happen there, they are now looking at accounts before completing.

Link to comment
Share on other sites

PORTSMOUTH FOOTBALL CLUB STATEMENT

Portsmouth Football Club can confirm that the due diligence process for the takeover of the club by Sulaiman Al Fahim has now been completed.

 

 

Al Fahim Asia Associates are now conducting their final commercial assessment.

 

 

A formal application for the ‘Fit and Proper Person Test’ has been submitted to the Premier League

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...