Portsmouth FC in yet more trouble - administration again?

[JH]

They needed a Uefa club licence they haven't so they should not be allowed to enter. Owners/Chairmen from the other PL clubs have already agreed to them getting parachute payment money early & now they are expecting to enter a competition they don't even have licence for above clubs who have spent time, effort & money getting there's in what a BUNCH OF CHEEKY TWATS. Pompey are playing a dangerous game here because they may/will get knocked out 1st round & then when they go begging to PL Owners/Chairmen  again s*** like this will be remembered.

 

They need to do a tactical retreat on this issue, praise PL clubs for there help so far, try & win the cup & then next year when they have no players at least the can ask to borrow some from PL clubs.

 

And by reaching the FA Cup final Portsmouth have earned a place in the Europa League, regardless of their financial troubles.

[Thespence]

And by reaching the FA Cup final Portsmouth have earned a place in the Europa League, regardless of their financial troubles.

 

They didn't apply for a Uefa club licence it is Portsmouth fault & no else's.

[Guest neesy111]

if a team has qualified on paper for a tournament they should be allowed to enter it i.e. milwall 2004 fa cup

[SEMTEX]

But they don't have the right licenses for European competition, so they haven't qualified.

[Liam Liam Liam O]

http://www.uhy-uk.com/pages/posts/portsmouth-city-football-club-ltd--notice-of-creditors-meeting729.php

 

Notice to Creditors there including the 70 page report on the state they are in

 

http://www.uhy-uk.com/media/news/PFC%20-%20Report%20to%20creditors%20Adobe%207.pdf

 

Haven't read it yet but the BBC reckon their debts are £120m.

[madras]

http://www.uhy-uk.com/pages/posts/portsmouth-city-football-club-ltd--notice-of-creditors-meeting729.php

 

Notice to Creditors there including the 70 page report on the state they are in

 

http://www.uhy-uk.com/media/news/PFC%20-%20Report%20to%20creditors%20Adobe%207.pdf

 

Haven't read it yet but the BBC reckon their debts are £120m.

go on then, 70 pages , have a read and summarise it for us. doesn't seem like your too busy at the moment.

[Guest neesy111]

But they don't have the right licenses for European competition, so they haven't qualified.

 

if they can't qualify, the place should not be given to another team in the league, as they haven't deserved to get it!

[madras]

But they don't have the right licenses for European competition, so they haven't qualified.

 

if they can't qualify, the place should not be given to another team in the league, as they haven't deserved to get it!

there was a couple of times we didn't but still took our place,

[Liam Liam Liam O]

http://www.uhy-uk.com/pages/posts/portsmouth-city-football-club-ltd--notice-of-creditors-meeting729.php

 

Notice to Creditors there including the 70 page report on the state they are in

 

http://www.uhy-uk.com/media/news/PFC%20-%20Report%20to%20creditors%20Adobe%207.pdf

 

Haven't read it yet but the BBC reckon their debts are £120m.

go on then, 70 pages , have a read and summarise it for us. doesn't seem like your too busy at the moment.

 

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8634140.stm

[PRL]

Possibly the most ludicrous thing I've seen, they owe £1m to Spurs for Begovic, despite him never having played for or indeed moved to Spurs.

 

http://football365.com/story/0,17033,8652_6106999,00.html

[jdckelly]

Possibly the most ludicrous thing I've seen, they owe £1m to Spurs for Begovic, despite him never having played for or indeed moved to Spurs.

 

http://football365.com/story/0,17033,8652_6106999,00.html

fucking hell that's moronic

[Guest kingdawson]

Possibly the most ludicrous thing I've seen, they owe £1m to Spurs for Begovic, despite him never having played for or indeed moved to Spurs.

 

http://football365.com/story/0,17033,8652_6106999,00.html

f***ing hell that's moronic

 

Levy's a genius tbf.

[NG32]

My god, who was doing these deals.

[jdckelly]

Possibly the most ludicrous thing I've seen, they owe £1m to Spurs for Begovic, despite him never having played for or indeed moved to Spurs.

 

http://football365.com/story/0,17033,8652_6106999,00.html

f***ing hell that's moronic

 

Levy's a genius tbf.

i'd put this down to simple stupidity by pompey rather than levy genius

[PRL]

Another list of the weird stuff:

 

http://football365.com/story/0,17033,8652_6107304,00.html

 

If that genuinely is £340k owed to a masseuse then I guess Avram let his players have access to similar massage services as he enjoyed.

[AyeDubbleYoo]

The list of creditors is terrifying TBH, good article here:

 

http://www.guardian.co.uk/football/2010/apr/21/portsmouth-report-creditors

 

It's incredible how they have managed themselves into this crisis. To get away with repaying 25p in the pound seems a major let-off, could they go into liquidation still?

[Guest Antec]

Outstanding transfer instalments (£17.304m)

 

Williamson - Watford (2 x £250,000, 2 x £500,000)

[Rob W]

There should be a proper public enquiry into this mess - and maybe legislation afterwards

[Rob W]

what is a disgrace is that some of the smaller creditors might go bust but someone is "secured" on £ 14 million

[Liam Liam Liam O]

what is a disgrace is that some of the smaller creditors might go bust but someone is "secured" on £ 14 million

 

Yep, in the main the bigger creditors can probably absorb the losses (agents and the like), but the smaller businesses & individuals are fucked.

[Liam Liam Liam O]

Are agents classed as protected/preferential football creditors?

[NJS]

My god, who was doing these deals.

 

It stinks of Redknapp.

 

 

[madras]

The list of creditors is terrifying TBH, good article here:

 

http://www.guardian.co.uk/football/2010/apr/21/portsmouth-report-creditors

 

It's incredible how they have managed themselves into this crisis. To get away with repaying 25p in the pound seems a major let-off, could they go into liquidation still?

i think leeds paid back less than 10p in the pound.

[MW]

I'm a bit confused, how did qualifying for Europe get them in this mess? If anything wouldn't that increase revenue?

 

Are they saying as a consequence for getting into Europe, they had to attract more players so they spent like mad and thats what the problem is?

[Dave]

I'm a bit confused, how did qualifying for Europe get them in this mess? If anything wouldn't that increase revenue?

 

Are they saying as a consequence for getting into Europe, they had to attract more players so they spent like mad and thats what the problem is?

 

Think they dished out contracts which offered huge bonuses should they get into Europe, obviously assuming they wouldn't get there. They did, so had to pay out the bonuses.