Generic clubs in financial crisis Thread

[Uke]

The most annoying part is that if Pompey get saved somehow, their fans will immediately revert back to the smug mongtards that they have always been

Read your sentence again and tell me why it is incorrect.

[soggy biscuit]

The most annoying part is that if Pompey get saved somehow, their fans will immediately revert back to the smug mongtards that they have always been

Read your sentence again and tell me why it is incorrect.

yeah yeah I know. You know what I meant though

[Uke]

The most annoying part is that if Pompey get saved somehow, their fans will immediately revert back to the smug mongtards that they have always been

Read your sentence again and tell me why it is incorrect.

yeah yeah I know. You know what I meant though

They're still smug enough to think they can get round HMRC and FIFA rules, imagine what they'll be like if they do! They will become ubersmug hypermongtards.

[Barry the bird boggler]

You missed the mega - Mega-Ubersmug hypermongtards

[Dirk Gently]

Read your sentence again and tell me why it is incorrect.

yeah yeah I know. You know what I meant though

They're still smug enough to think they can get round HMRC and FIFA rules, imagine what they'll be like if they do! They will become ubersmug hypermongtards.

Not all of them by a long, long, way, and fewer every day ... they're no different to any other club in that they have some supporters who understand and some who demand the moon on a stick and someone else to pay for it.

We have our own fair share of mongtards here, of course - just see some of the posts on "The Team" if you don't believe it.

[Uke]

They're still smug enough to think they can get round HMRC and FIFA rules, imagine what they'll be like if they do! They will become ubersmug hypermongtards.

Not all of them by a long, long, way, and fewer every day ... they're no different to any other club in that they have some supporters who understand and some who demand the moon on a stick and someone else to pay for it.

We have our own fair share of mongtards here, of course - just see some of the posts on "The Team" if you don't believe it.

That's why I din't use Mega.

That's reserved for our own "special needs" cases

[Smoking Kills Dancing Doe]

So again who is THEY?

THEY deserve, THEY did this, THEY need to be made an example of.

Burn in hell? What the fcuk are you talking about?

[Uke]

So again who is THEY?

THEY deserve, THEY did this, THEY need to be made an example of.

Burn in hell? What the fcuk are you talking about?

THEY are the people who ever so easily could have or could be US




Thing is if RFC ever were to go bust I cannot see myelf or others making the round trip to see AFC Reading play, but would instead switch to local clubs to where I live (probably the Posh). HNA would live on though.

[Compo's Hat]

http://footballmanagement.wordpress.com ... -schedule/

Revised HMRC court schedule

With the various adjournments granted and a couple of strikings out (Hinckley and Accrington paid their debts), I thought it might be useful to publish the revised list of when cases are next due in court:

24 February – Notts County
1 March – Portsmouth
3 March – Burscough (‘final’); Cardiff City; Southend United
10 March – Chester City (although that assumes the company still exists by then)

[Royal With Cheese]

Breaking news on Sky. FA reject Portsmouths plan to sell players outside the transfer window.

With them effectively needing 22m just to fulfil fixtures I think they're just about fcuked.

[TFF]

Breaking news on Sky. FA reject Portsmouths plan to sell players outside the transfer window.

With them effectively needing 22m just to fulfil fixtures I think they're just about fcuked.

A total of £22m is required for Portsmouth to continue as a going ­concern until the end of season, otherwise they will fold. However, this depends on the Premier League's bottom-placed team ­finishing 17th as all the club's forecasts have been based on avoiding relegation. If the club finish 20th then around £26m will be required to keep Portsmouth afloat. Even if Portsmouth were to enter administration, a total of around £14m would be required.

Which presumably means that entering administration effectively writes off £12m of non-football debt. That stinks.

[exileinleeds]

Breaking news on Sky. FA reject Portsmouths plan to sell players outside the transfer window.

With them effectively needing 22m just to fulfil fixtures I think they're just about fcuked.

Good. Can you imagine if we had bought Tommy Smith, then not been allowed to play him until we get promoted?

[Royal With Cheese]

Breaking news on Sky. FA reject Portsmouths plan to sell players outside the transfer window.

With them effectively needing 22m just to fulfil fixtures I think they're just about fcuked.

A total of £22m is required for Portsmouth to continue as a going ­concern until the end of season, otherwise they will fold. However, this depends on the Premier League's bottom-placed team ­finishing 17th as all the club's forecasts have been based on avoiding relegation. If the club finish 20th then around £26m will be required to keep Portsmouth afloat. Even if Portsmouth were to enter administration, a total of around £14m would be required.

Which presumably means that entering administration effectively writes off £12m of non-football debt. That stinks.

I don't think they'll be able to wip 12m of non footballing debt off but certainly debtors would only get a small percentage of that money back.

I'm thinking Sky are looking at this and thinking that the njext PL contract will be significantly lighter than the current. Once this starts we'll really see the PL house of cards fall.

[Uke]

Jesus Christ, RFC WILL NOT GO BUST, BECAUSE OUR CHAIRMAN IS NOT A TOTAL SMEGHEAD LIKE THE PFC BOARD IS/HAVE BEEN.

We cut our cloth. They did not. Look what it did to them. They can fcuk right off, they deserve what they get.
They bought their cup win by financial doping, and now they are paying the price. I have ZERO sympathy for them.
I hope they go BUST BUST BUST BUST BUST.

Calm down, did I say we would under the current stewardship?

[Smoking Kills Dancing Doe]

Jesus Christ, RFC WILL NOT GO BUST, BECAUSE OUR CHAIRMAN IS NOT A TOTAL SMEGHEAD LIKE THE PFC BOARD IS/HAVE BEEN.

We cut our cloth. They did not. Look what it did to them. They can fcuk right off, they deserve what they get.
They bought their cup win by financial doping, and now they are paying the price. I have ZERO sympathy for them.
I hope they go BUST BUST BUST BUST BUST.

You need to sort your fcuking life out fella.

Seriously.

[Jimmy the Tree]

I really don't know what to think now.

First I thought they would avoid Liquidation because that’s what Football clubs do.

Then I thought they are gunning for them to make them an example, and the only way Gaydamak et al will get their money is if they can sell the ground and land.

Then talk of potential buyers.

I suspect it is all smoke and mirrors to try to give themselves as much time as possible to find a way out, let’s hope HMRC has a sledge hammer and extractor fan.

[Pseud O'Nym]

Yet another twist?

http://soccernet.espn.go.com/news/story?id=744356&sec=england&cc=3888

I don't quite understand as I thought that was already the situation.

[Ian Royal]

Thing is, the PL must surely be desperate to save Pompey until the end of the season, because if a PL club goes to the wall then it makes a mockery of everything the PL has been saying about the debt most of it's member clubs carrying being perfectly viable and healthy.

That significantly weakens its position and shifts the balance of power to those who think debt is bad.

[Arch]

Yet another twist?

http://soccernet.espn.go.com/news/story?id=744356&sec=england&cc=3888

I don't quite understand as I thought that was already the situation.

I think the situation was that Chanrai was a 90% shareholder in the club, which in turn owned the land and owed Chanrai himself 20m. Now Chanrai is still 90% shareholder in the club, but he now owns the land in his own right (i.e. not insofar as he owns the club) and the club owes Chanrai 10m.

This surely puts administration even further out of reach since the main saleable asset is no longer owned by the club. Interestingly, Chanrai may come to feel that he's got all he's going to get and may have no interest in further efforts to save the club.

[SLAMMED]

In