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Portsmouth FC in yet more trouble - administration again?


GG

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Breaking News on SSN - Pompey players have not been paid yet. They have till 4pm to get the money in the bank if the players are to be paid today.

 

Would that be 3 months out of the last 5 that they've been unable to pay their players on time?

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Guest Roger Kint

How do you dispute the VAT? The club would have to sign off each return after either their staff or accountants prepared it, not like the HMRC guess it or anything :undecided: ;D

 

Even if its outstanding from previous owners, it would be correct and their fault for not seeing it when they bought in

 

Unless they haven't been filing them.

 

Then they cant dispute them, if it was the case then the club wouldnt have a leg to stand on

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How do you dispute the VAT? The club would have to sign off each return after either their staff or accountants prepared it, not like the HMRC guess it or anything :undecided: ;D

 

Even if its outstanding from previous owners, it would be correct and their fault for not seeing it when they bought in

 

Unless they haven't been filing them.

 

Then they cant dispute them, if it was the case then the club wouldnt have a leg to stand on

judging from the last few months i think its mere desperation from the pompey board to avoid admin, taxmen are fussy about how much their owed

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Guest Roger Kint

How do you dispute the VAT? The club would have to sign off each return after either their staff or accountants prepared it, not like the HMRC guess it or anything :undecided: ;D

 

Even if its outstanding from previous owners, it would be correct and their fault for not seeing it when they bought in

 

Unless they haven't been filing them.

 

Then they cant dispute them, if it was the case then the club wouldnt have a leg to stand on

judging from the last few months i think its mere desperation from the pompey board to avoid admin, taxmen are fussy about how much their owed

 

Exactly, wasnt there a lower league club who went into admin over a relatively small Tax bill?

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How do you dispute the VAT? The club would have to sign off each return after either their staff or accountants prepared it, not like the HMRC guess it or anything :undecided: ;D

 

Even if its outstanding from previous owners, it would be correct and their fault for not seeing it when they bought in

 

Unless they haven't been filing them.

 

Then they cant dispute them, if it was the case then the club wouldnt have a leg to stand on

 

If they haven't filed it, it's likely an assessment will have been raised which will more than likely be for more than they expect to have to pay.  The 'disputing' might be that they are going to file it which will obviously replace the assessment and reduce the outstanding figure.

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Guest toonlass

Pompey reckon its a bank error, that the players will be paid next week. Wouldn't be surprised if a few handed in transfer requests over this alone tbh. Not nice to be uncertain if your wages are gong to be paid on time or not. 

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Pompey reckon its a bank error, that the players will be paid next week. Wouldn't be surprised if a few handed in transfer requests over this alone tbh. Not nice to be uncertain if your wages are gong to be paid on time or not. 

 

Didn't they say that the last time too?  And the time before that?

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Pompey reckon its a bank error, that the players will be paid next week. Wouldn't be surprised if a few handed in transfer requests over this alone tbh. Not nice to be uncertain if your wages are gong to be paid on time or not. 

 

Didn't they say that the last time too?  And the time before that?

and does anyone take their excuses seriously? When are the premier league going to say enough is enough and ask where the hell all the transfer money they raised has gone and how can anyside thats getting 30m a season in tv cash not be able to pay their players wages especially since the bill has dropped considerably in last 12 months.

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I thought Redknapp's comments about this were very telling, he basically said that it was up to the club to find a new owner with plenty of money in order to survive.  Even managers now realize that football clubs can't be run like businesses to be successful, and that someone has to personally fund the path to trophies from their own private income.  The days of self-sustaining clubs run by local interests are long, long gone (unless you're Barca), and even managers know this now. 

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I thought Redknapp's comments about this were very telling, he basically said that it was up to the club to find a new owner with plenty of money in order to survive.  Even managers now realize that football clubs can't be run like businesses to be successful, and that someone has to personally fund the path to trophies from their own private income.  The days of self-sustaining clubs run by local interests are long, long gone (unless you're Barca), and even managers know this now. 

clubs can be self sustaining, arsenal don't have some big investor pumping millions in to keep them competitive after all, spurs (much as i hate to admit it) are fairly well run (though with arry around for how long) and the before mentioned barcelona, hell man u would be fine too if not for the glazer takeover which lumped 600m on their debt sheet but they are unusual. The problem with pompey is they way overspent on wages (80k a week on utaka according to some media).

Meanwhile the lens chairman has called for pompey to be shut down over unpaid money

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Fulham is well example... how small capacity club should be run...

 

By a small capacity sugar daddy?

burnley are the example for all small capacity clubs they're players are paid pittance (by prem football standards not real life standards) but the club is in no danger of going under any time soon unlike portsmouth

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I wonder whether any of the Portsmouth players are able to claim breach of contract over this and walk away. :dontknow:

 

Doubt it, they'll still get paid.

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Portsmouth are just one of a number of clubs in the PL currently struggling. Expect to see Hull City and West Ham follow them into financial meltdown soon. There will be firesales galore next summer and you omly have to look at the difficulties Liverpool are currently in.

 

I personally think that it will not be long before there is a mass breakaway by europes richest clubs to formulate this euro superleague and the PL will lose the likes of Chelsea, Arsenal, Man U and City.

 

I know it has been touted for long enough now but worldwide finances is seeing the rich get richer and lesser teams getting poorer just to keep up.

 

In the PL, it is no longer about winning trophies or qualifying for europe but more survival so teams can collect TV money.

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