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Portsmouth FC in yet more trouble - administration again?


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Guest Stephen927

Transfer embargo lifted.  They can buy players again. :lol:

 

Wonder what's their transfer budget ? :angel:

 

Free agents and cheap loans market, nothing at all to get excited about for their fans.

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Guest toonlass

what's papa bouba diop like these days? worth considering, or for the knackers yard?

 

As far as I know he still has a silly name.

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Guest Stephen927

what's papa bouba diop like these days? worth considering, or for the knackers yard?

 

As far as I know he still has a silly name.

 

:lol:

 

Old and injury prone, not what we need nowadays. Before he went to Pompey I would have said yes cos he used to be a canny player.

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Transfer embargo lifted.  They can buy players again. :lol:

 

Wonder what's their transfer budget ? :angel:

 

Free agents and cheap loans market, nothing at all to get excited about for their fans.

 

With their recent record of not paying staff and players, who in the right mind will join them even on loan?

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Transfer embargo lifted.  They can buy players again. :lol:

 

Wonder what's their transfer budget ? :angel:

 

Free agents and cheap loans market, nothing at all to get excited about for their fans.

 

With their recent record of not paying staff and players, who in the right mind will join them even on loan?

someone whos parent club is paying the bill and not pompey

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Guest Stephen927

Thought the whole point of sending people out on loan was that you didn't pay the wages though?

 

Suppose there's the experience factor as well.

 

Depends really on the players wages and how much the club wants to get the player out on loan.

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Guest Stephen927

It's a good chance for a young player to go there and shine among the dross. It's a lot of pressure but if you are part of the mini-revival, people will remember it, even if the club goes bust the next week. It's preferable to playing reserve football.

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Pretty terrifying time to be a football fan, don't think the top teams are immune either looking at the jaw-dropping debt figures on Man U and Liverpool's books. Plaything teams like Man City and Chelsea at least have someone with a load of cash to inject rather than taking on debts, but an Enron style collapse of one of their owner's main companies could easily see the club seized as assests and stripped. I think we'll see clubs that have been living within their means like Villa and Everton really starting to challenge. Arsenal seem to have done it the right way as well, bringing youth through that they can cash in on, developing young talents rather than buying ready made galacticos and owning their stadium outright instead of owing money on it.

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Guest toonlass

Cardiff fans are getting twitchy arses too.

 

From the bbc

 

Cardiff City supporters have called for an extraordinary general meeting so the club can explain why they will not be using fans' money to buy new players.

 

Fans had expected an estimated £3m raised by advance season ticket sales to be used to finance transfers.

 

But Cardiff's decision not to buy players is because of a cash crisis.

 

"They have made a big mistake by over-budgeting. An EGM is what we need now," demanded Paul Corkery, chair of Cardiff City Supporters Trust.

 

More than 10,000 fans invested in deals for season tickets for 2010/11, cash that manager Dave Jones said he expected to be used to buy new players.

 

And if Cardiff won promotion to the Premiership the fans were promised that money would be paid back to them in a scheme called "Golden Ticket".

 

But the Bluebirds are facing a second winding up order 10 February if they fail to pay the outstanding tax bill of £2.7m owed to Her Majesty's Revenue and Customs.

 

Corkery reacted angrily to a statement from the club on Wednesday saying the club would not now be investing in players before the January transfer window as they look to concentrate on paying off debts.

 

A lot of fans feel cheated

 

Paul Corkery

 

Corkery added: "We should have an EGM of shareholders to see if the shareholders are behind this statement because... I don't believe they are.

 

"It's totally their [the club's] fault. They need to prove to the fans that they can run this football club properly for 12 months without any [outside] investment.

 

"Because that is how you are supposed to run a business, not on hoping you are going to win the lottery.

 

"A lot of fans will feel cheated. They had to spend this money before Christmas. Times are hard.

 

"Don't tell lies. Don't force people to buy things under false pretences.

 

"The statement [not buying new players] really upset a lot of fans because we are shareholders in the football club and the vast majority of shareholders are not behind this."

 

The club's statement said the move to the new stadium ultimately incurred costs that were not anticipated and in an attempt to sort out cash flow problems new investment had been sought.

 

But despite chairman Peter Ridsdale being in touch with a number of potential backers, that investment has not materialised and the club had to resort to other ways of fund raising.

 

The statement said: "We are currently in the process of raising funds from the sale of assets, which with other cash, will help to secure our future.

 

606: DEBATE

Give your reaction to Cardiff City's debt problems

 

"With regard to the season ticket offer pre Christmas, this offer to reimburse the ticket price if promoted this season remains a strong one.

 

"Nevertheless we had anticipated that if we launched these tickets early and had received new investment pre Christmas or in January this year as promised, we would have been able to invest in new players in the January transfer window.

 

"In the absence of the new investment this will not be possible. We have to ensure that other overheads and financial issues are properly addressed.

 

"Whilst we apologise for this, we do not apologise for ensuring that the viability and financial health of the club is the ultimate priority."

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No offence to Cardiff fans but that's insane.  Option a) Pay the tax you owe and avoid the club being wound up, or Option b) Spend £3m on players and watch as the club ceases to exist in a month.

 

I find it pretty disgusting that so many clubs have apparently ignored the need to pay tax, I can't think of any other business or individual who would get away with not paying their taxes so why should football clubs get away with it.

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can't even afford the hosting bills...maybe they can sell a few web developers.

 

They signed up a web developer on a £2,000 commision, but then they realised that the contract they signed meant if a website design that he created was actually used they'd have to give him a million quid and a nosh off Avram Grant's wife.

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Guest neesy111

Rumour has it they are in talks with a ground share with Southampton so that they can sell off Fratton Park.

 

that'll never happen in a million years, i'm sure southampton fans are loving this

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Rumour has it they are in talks with a ground share with Southampton so that they can sell off Fratton Park.

 

that'll never happen in a million years, i'm sure southampton fans are loving this

dunno like, sothampton could do with the cash but how many pompey fans would go there to watch ?.................how far is bournemouth from there ?
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