merlin Posted August 5, 2010 Share Posted August 5, 2010 All companies have some social (and maybe cultural) significance though, if a car manaufacturer goes bust it puts hundreds of people out of work and damages the local community hugely. I see what people mean about football clubs, but they have to learn to manage their money properly. If a car firm goes bust its usually because the product was no good - UK had the second largest car industry in the World after WW2, now look at it ; hardly a decent brand left in UK hands because Commie Unionists and lousy management between them cocked it up in the 70s..... Sounds just like some football clubs to me ! Link to post Share on other sites More sharing options...
Nobody Posted August 5, 2010 Share Posted August 5, 2010 lets not bring Plymouth into this. What they did for us at the end of the season was out of this world considering what happend to their club at the same time. That's my point, dickweed. Plymouth is definitely my "second team" after that game like. Very sad news for Portsmouth supporters this, wouldn't even wish it on Sunderland. Link to post Share on other sites More sharing options...
Guest Stephen927 Posted August 5, 2010 Share Posted August 5, 2010 Redknapp isn't to blame, he spent the money he was given. The owner still has to sign off on the deals. Shame for Portsmouth fans, the club was ran by a bunch of idiots who thought they could get away with living beyond their means. The size of the stadium and the lack of opportunities to expand it should have been a good indication that financially, there was only so far Portsmouth could go without being subsidised continuously. Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted August 5, 2010 Share Posted August 5, 2010 What will be interesting if HMRC win is the level of tax that they will chase from the big 4 teams. I'd stick money on the likes of Rooney and Gerrard having massive Image Rights payments going through each year in lieu of salary Link to post Share on other sites More sharing options...
Guest gggg Posted August 5, 2010 Share Posted August 5, 2010 Redknapp isn't to blame, he spent the money he was given. The owner still has to sign off on the deals. Aye he's been sent to court along with Storrie, Willie McKay and Mandaric for a laugh. He's never met them m'lud. Link to post Share on other sites More sharing options...
JH Posted August 5, 2010 Share Posted August 5, 2010 Redknapp isn't to blame, he spent the money he was given. The owner still has to sign off on the deals. A bit of a coincidence that he fucked off to Spurs at just about the right time. Link to post Share on other sites More sharing options...
Guest neesy111 Posted August 5, 2010 Share Posted August 5, 2010 Peter Storrie is the one that's caused all the trouble, he ran the club recklessly, and spouted off a load of lies to the fans and media about the state of the club Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted August 5, 2010 Share Posted August 5, 2010 What will be interesting if HMRC win is the level of tax that they will chase from the big 4 teams. I'd stick money on the likes of Rooney and Gerrard having massive Image Rights payments going through each year in lieu of salary Think that'll be the landmark issue from all of this. Obviously its terrible that Portsmouth might fold, but paying taxes is paying taxes. But HMRC are arguing that Portsmouth owe x amount more as they didn't declare the Image Rights payments, which will open up a whole new issue for every other club that pays those too. Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted August 5, 2010 Share Posted August 5, 2010 Peter Storrie is the one that's caused all the trouble, he ran the club recklessly, and spouted off a load of lies to the fans and media about the state of the club Everyone involved is to blame. Storrie had insight to the finances and effectively signed the cheques, but Harry is an experienced manager who would have known that Portsmouth couldn't afford the spending that was going on. Personally I hope that HMRC win the case. Its tough on the fans but football needs a reality check and reminded that its not above the laws of the land and cannot buck basic financial truths. I'm pretty confident that I would feel this way if it was us in their position (but obvioulsy without actually being there I can't say for definite how I would feel then) (would be more fun if it was a Man U or Liverpool though) Link to post Share on other sites More sharing options...
NG32 Posted August 5, 2010 Share Posted August 5, 2010 Redknapp isn't to blame, he spent the money he was given. The owner still has to sign off on the deals. A bit of a coincidence that he f***ed off to Spurs at just about the right time. Like a rat up a drain pipe if i remember, was it not done within a few hours. Especially funny when they made the story up he didnt fancy Newcastle in the end and thought he would stay at pompy. Loads of pompy fans being all excited about 'arry....few months later its rat up a drain pipe time. Link to post Share on other sites More sharing options...
madras Posted August 5, 2010 Share Posted August 5, 2010 why don't they just borrow more money ? Link to post Share on other sites More sharing options...
NG32 Posted August 5, 2010 Share Posted August 5, 2010 why don't they just borrow more money ? Link to post Share on other sites More sharing options...
Doctor Zaius Posted August 5, 2010 Share Posted August 5, 2010 How many clubs have actually gone out of business (ie ceased to exist) because of debts etc? Newcastle Bluestar IIRC, but who else? Always seems to come to nothing. Wimbledon? Link to post Share on other sites More sharing options...
NG32 Posted August 5, 2010 Share Posted August 5, 2010 How many clubs have actually gone out of business (ie ceased to exist) because of debts etc? Newcastle Bluestar IIRC, but who else? Always seems to come to nothing. Wimbledon? Didn't they just rename and move? Link to post Share on other sites More sharing options...
Tooj Posted August 5, 2010 Share Posted August 5, 2010 Gretna? Link to post Share on other sites More sharing options...
Guest gggg Posted August 5, 2010 Share Posted August 5, 2010 How many clubs have actually gone out of business (ie ceased to exist) because of debts etc? Newcastle Bluestar IIRC, but who else? Always seems to come to nothing. Wimbledon? They didn't go out of business and didn't have high debts compared to other clubs, they were moved so Asda could build a supermarket in Milton Keynes. Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted August 5, 2010 Share Posted August 5, 2010 Gretna? Chester Gravesend Dagenham (merged with Redbridge to 'survive') Halifax Town Hayes (merged with Yeading to 'survive') Milton Keynes City Probably a few more. Link to post Share on other sites More sharing options...
Nicky Posted August 5, 2010 Share Posted August 5, 2010 Scarborough too? Link to post Share on other sites More sharing options...
JH Posted August 5, 2010 Share Posted August 5, 2010 It's actually quite nice not being the club being made an example of. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted August 5, 2010 Share Posted August 5, 2010 why don't they just borrow more money ? Hi Harry Link to post Share on other sites More sharing options...
Stifler Posted August 5, 2010 Share Posted August 5, 2010 Do we actually find out at 3:00pm, or is that the time the case starts? Link to post Share on other sites More sharing options...
Guest b0f Posted August 5, 2010 Share Posted August 5, 2010 Do we actually find out at 3:00pm, or is that the time the case starts? BBC High Court judge Mr Justice Mann, who is overseeing the tax liability case at the High Court in London, says he will hand down his decision between 1500 BST and 1600 BST on Thursday. Link to post Share on other sites More sharing options...
Stifler Posted August 5, 2010 Share Posted August 5, 2010 Do we actually find out at 3:00pm, or is that the time the case starts? BBC High Court judge Mr Justice Mann, who is overseeing the tax liability case at the High Court in London, says he will hand down his decision between 1500 BST and 1600 BST on Thursday. Fuck off, noway. Mr Justice Mann. Link to post Share on other sites More sharing options...
KaKa Posted August 5, 2010 Share Posted August 5, 2010 Boateng still there for the taking. Can't believe no one has got him yet. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted August 5, 2010 Share Posted August 5, 2010 Boateng still there for the taking. Can't believe no one has got him yet. If they go tits up in the next 2 hours he would be a lot cheaper though wouldnt he? Can fully understand clubs waiting for this verdict. Plus i heard he was going to Stoke on the radio earlier, not sure how true it was Link to post Share on other sites More sharing options...
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