Portsmouth Admin

[Rev Algenon Stickleback H]

Looks like they will be gone soon anyway as there maybe some Ukrainian business man on the horizon. Hopefully they will be a little more reliable

Ah, so the next foreign businessman making loads of promises will be different. Of course.....

So you don't actually care who bankrolls the team. Ever thought of supporting a team with a sustainable business model?

the problem is they are harder and harder to find, mainly due to teams spending far beyond their means to get success, safe in the knowledge that at worst they'll get relegated if they go into administration. At 20p in the pound, that's like being given £80 million free to go and play with for a few years. £9 million a point it works out at. I think quite fair few clubs would see that as a very lenient trade-off.

People talked about Fulham being a good news story this year. Fulham have debt levels that would terrify anyone at Portsmouth.


Quite simply we should take a leaf out of the book of the German league, and any club that wilfully runs up debts should be kicked out of the league. Gambling on success has become an endemic problem, and these clubs don't seem to realise it's not just themselves they are harming. The clubs that don't gamble are being hit too by being put at a competitive disadvantage.

[Dirk Gently]

Agreed completely - I was at a conference last weekend which had a presentation from the guy who setup the financial regulations in the Bundesliga.

They are absolutely superb, and solve so many of the problems that we have here.

As a footnote to that - there was a moment that summed it all up for me. This was last Saturday, in London, and the erudite and sophisticated German was talking masses of sense about financial regulation, but he had to stop the presentation as pissed-up group in England shirts walked past chanting "God Save the Queen" .......

[Barry the bird boggler]

The guidelines set in Germany should be taken up by FIFA and enforced globally, that way a nice level playing field for all.

[Smoking Kills Dancing Doe]

There's too much money to be made for anything to change.

[Rev Algenon Stickleback H]

There's too much money to be made for anything to change.

there's too much being lost for things to stay as they are.

[Ian Royal]

There's too much money to be made for anything to change.

there's too much being lost for things to stay as they are.

Things will only change when something disastrous happens to a big club. At the moment the finances are so murky it appears relatively easy to cook the books in such a way that you can avoid any serious repercussions and just wait for a new sugardaddy and bide your time down the league briefly.

Portsmouth have been an absolute shambles, 4(?) owners in a year, all with promising loads but actually having no money, failing to pay players repeatedly, ex-manager and owner up in court for Tax evasion, administration, mysterious debt appearing and a very dodgy administrator.

And what's happened? They got relegated, which was going to happen even without the administration and they're going to get their CVA and a new owner. They'll come out of it fine, when they should have been liquidated.

[kieran]

the problem is they are harder and harder to find, mainly due to teams spending far beyond their means to get success, safe in the knowledge that at worst they'll get relegated if they go into administration. At 20p in the pound, that's like being given £80 million free to go and play with for a few years. £9 million a point it works out at. I think quite fair few clubs would see that as a very lenient trade-off.

People talked about Fulham being a good news story this year. Fulham have debt levels that would terrify anyone at Portsmouth.


Quite simply we should take a leaf out of the book of the German league, and any club that wilfully runs up debts should be kicked out of the league. Gambling on success has become an endemic problem, and these clubs don't seem to realise it's not just themselves they are harming. The clubs that don't gamble are being hit too by being put at a competitive disadvantage.

Couldnt agree more.

I went to Wolfsburg to see Pompey in Uefa. They had a good team, cheap tickets and great stadium. Stadium was only half full as well.

The German model may not amke you the best league in the world but its sustainable and anyone has the chance to do well.

[kieran]

Do you really think the fans of FC United, Wimbledon, Chester etc are wrong to try and recreate the Club that they grew up loving because the one that they had had been destroyed by people who had ulterior motives?

No, not at all. Wimbledon fans had no choice, Chester neither. FC United - well I think there efforts may have been better served trying to rid the club of Glazier, but thats just my opinion.

Surely, though its a last resort. We already have our last resort set up should it be needed. We already have an agreement to join at Blue Square level. Hopefully it wont be needed.

[kieran]

Looks like they will be gone soon anyway as there maybe some Ukrainian business man on the horizon. Hopefully they will be a little more reliable

Ah, so the next foreign businessman making loads of promises will be different. Of course.....

So you don't actually care who bankrolls the team. Ever thought of supporting a team with a sustainable business model?

You mean....change your team?

Have you ever done that before?

[kieran]

It was pretty sickening to hear Pompey fans claiming the rest of the world would be supporting them in the cup final. No, you got there by cheating and the fans revelled in it. There's a stench of hypocrisy coming from somewhere to the south of us.

Yet, it largely only seems to be Reading and Saints fans that feel this way.

On the way to Wembley (from Reading, with lots of other Pompey fans), we were only greeted with smiles and good lucks from any neutral we saw. In Reading and Saints its the opposite.

I have the fortune to work in a very neutral part of the country and trust me your view is the minority view.

So, explain how we cheated to get to the Cup final then?

A team full of loans, assembled with no money having sold any player that could demand a fee. A manager that was not even paid, effectively doing it for free. Players that where on many occassions unpaid as well. How have they cheated?

[Tony Le Mesmer]

So, explain how we cheated to get to the Cup final then?

Ok, its not rocket science.

Why did Porstmouth not sell, say, David James and any other players of value that got you there to pay the people and other football clubs that you owe?

[Thaumagurist*]

.

[kieran]

So, explain how we cheated to get to the Cup final then?

Ok, its not rocket science.

Why did Porstmouth not sell, say, David James and any other players of value that got you there to pay the people and other football clubs that you owe?

Well, evidently it IS rocket science for you.

I am sure you are aware that in order for a football club to continue to play it needs a goalkeeper.

Pompey had 2 goalkeepers - David James and Asmir Begovic. ASmire Begovic was attracting offers of 4m and Jamo 2m. Best deal for creditors = sell begovic.

Next question.

[brendywendy]

thats moronic

its pretty crystal clear to me at least that a club , like pompey, or cardiff, or palace or any of the others, that maintains its league position by spending money on player transfers and wages that it simply doesnt have is cheating.

[Tony Le Mesmer]

So, explain how we cheated to get to the Cup final then?

Ok, its not rocket science.

Why did Porstmouth not sell, say, David James and any other players of value that got you there to pay the people and other football clubs that you owe?

Well, evidently it IS rocket science for you.

I am sure you are aware that in order for a football club to continue to play it needs a goalkeeper.

Pompey had 2 goalkeepers - David James and Asmir Begovic. ASmire Begovic was attracting offers of 4m and Jamo 2m. Best deal for creditors = sell begovic.

Next question.

Stop embarrasing yourself. You had 3 keepers. And James is one example of several players that you still have that were worth millions In January. Sell and pay up, simple. If you have to go with 1 keeper and a bare squad of 14 then tough. If you cant put out a team, tough. You didnt, you cheated instead.

[Dirk Gently]

Looks like they will be gone soon anyway as there maybe some Ukrainian business man on the horizon. Hopefully they will be a little more reliable

Ah, so the next foreign businessman making loads of promises will be different. Of course.....

So you don't actually care who bankrolls the team. Ever thought of supporting a team with a sustainable business model?

You mean....change your team?

Have you ever done that before?

Change the team? No, where do you get that idea from?

I was just questioning your naivety and innocence. The last few foreign businessman who've come along promising the moon on a stick have very nearly destroyed your club, but you still cling to the idea that the next one will make everything better again, give you lots of free money and keep giving it to you for ever....

[kieran]

Ah, so the next foreign businessman making loads of promises will be different. Of course.....

So you don't actually care who bankrolls the team. Ever thought of supporting a team with a sustainable business model?

You mean....change your team?

Have you ever done that before?[/quote]

Change the team? No, where do you get that idea from?

I was just questioning your naivety and innocence. The last few foreign businessman who've come along promising the moon on a stick have very nearly destroyed your club, but you still cling to the idea that the next one will make everything better again, give you lots of free money and keep giving it to you for ever....[/quote]

Well, I was just wondering how I could have supported a team with a sustainable business model at the time, without changing my team?

Where do you get the idea that I am clinging on to an idea of a new owner making everything better?

[Dirk Gently]

Where do you get the idea that I am clinging on to an idea of a new owner making everything better?

The below post you made gave me a little clue that way :

Looks like they will be gone soon anyway as there maybe some Ukrainian business man on the horizon. Hopefully they will be a little more reliable

[Hoop Blah]

So, explain how we cheated to get to the Cup final then?

Ok, its not rocket science.

Why did Porstmouth not sell, say, David James and any other players of value that got you there to pay the people and other football clubs that you owe?

Well, evidently it IS rocket science for you.

I am sure you are aware that in order for a football club to continue to play it needs a goalkeeper.

Pompey had 2 goalkeepers - David James and Asmir Begovic. ASmire Begovic was attracting offers of 4m and Jamo 2m. Best deal for creditors = sell begovic.

Next question.

What about Ashdown, or even Neimi? How about a few youth and reserve team keepers like those that other clubs have to turn to when they can't afford another one.

I'm surprised to hear that fans of other clubs don't have a dislike for the way Pompey have gone about things over the few years. Maybe it's because they haven't had to put up with the 'we're a big club' bollocks from them for so long? Personally I think they do moan about it, just like they did with Leicester when they did a similar thing, but you just haven't realised it yet!

[Stranded]

I'm still trying to figure out how a club can be penalised in the league for heading into admin but allowed to carry on regardless in the cup run by the same organisation.