AyeDubbleYoo Posted January 8, 2010 Share Posted January 8, 2010 Is there a fundamental change of policy from HMRC, or is it just the economic situation causing all these clubs trouble? Seems like a lot more financial problems than ever before. Link to post Share on other sites More sharing options...
jdckelly Posted January 8, 2010 Share Posted January 8, 2010 Is there a fundamental change of policy from HMRC, or is it just the economic situation causing all these clubs trouble? Seems like a lot more financial problems than ever before. possibly economic situation possibly a crack down with a need for all taxes by government Link to post Share on other sites More sharing options...
Stifler Posted January 19, 2010 Share Posted January 19, 2010 SSN say "Portsmouth fail in attempt to block winding up hearing." Basically it's starting to look like they are fucked. Link to post Share on other sites More sharing options...
Guest Stephen927 Posted January 19, 2010 Share Posted January 19, 2010 How long have they got now to put things right? Link to post Share on other sites More sharing options...
Stifler Posted January 19, 2010 Share Posted January 19, 2010 How long have they got now to put things right? The hearing is next month, if they fail in the hearing then they have to do, no ifs or buts after that. Link to post Share on other sites More sharing options...
Guest toonlass Posted January 19, 2010 Share Posted January 19, 2010 We should put in a cheeky bid for Prince-Boateng Link to post Share on other sites More sharing options...
Amir_9 Posted January 20, 2010 Share Posted January 20, 2010 http://www.thesun.co.uk/sol/homepage/sport/football/2815474/Time-to-pay-up-or-die-Pompey.html Looks like they could be heading into administration sooner rather than later. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 20, 2010 Share Posted January 20, 2010 They look doomed, got to say. Would be unbelievable if a Premier League club went into administration, rank bad management that. Saying that, Woolworths, Zavvi and Borders have gone bust so big names can be vulnerable, even in business. Link to post Share on other sites More sharing options...
NG32 Posted January 20, 2010 Share Posted January 20, 2010 They look doomed, got to say. Would be unbelievable if a Premier League club went into administration, rank bad management that. Saying that, Woolworths, Zavvi and Borders have gone bust so big names can be vulnerable, even in business. Dont matter how big a name your company is, if its wonky then any change in the economy is going to hurt. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted January 20, 2010 Share Posted January 20, 2010 http://www.thesun.co.uk/sol/homepage/sport/football/2815474/Time-to-pay-up-or-die-Pompey.html Looks like they could be heading into administration sooner rather than later. They need to make some decisions pretty quickly because in less than 2 weeks time selling players to save themselves won't be an option. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 20, 2010 Share Posted January 20, 2010 They look doomed, got to say. Would be unbelievable if a Premier League club went into administration, rank bad management that. Saying that, Woolworths, Zavvi and Borders have gone bust so big names can be vulnerable, even in business. Dont matter how big a name your company is, if its wonky then any change in the economy is going to hurt. Yep, I've only done Business Studies A-Level, and first lesson is to look after your gearing and your cash flow. Link to post Share on other sites More sharing options...
Benwell Lad Posted January 20, 2010 Share Posted January 20, 2010 Is there a fundamental change of policy from HMRC, or is it just the economic situation causing all these clubs trouble? Seems like a lot more financial problems than ever before. English football has in some ways been a microcosm of the global financial situation and subsequent meltdown. Many football clubs just didn't play by the fundamental rules of business, thinking they were some kind of exception - certain clubs having wage bills in excess of their turnover - totally unsustainable. This model is of course only possible when sponsored by mega wealthy individuals - but even those clubs could be very vulnerable in the future. Clubs who are balancing the books and resisting the pressure/temptation to find short term success will be best placed to succeed over the next decade or two, as there will be no government bailouts for football. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted January 20, 2010 Share Posted January 20, 2010 Sol Campbell suing them for £1.7m Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 20, 2010 Share Posted January 20, 2010 Now Sol is suing them for wages and bonuses. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8469950.stm Link to post Share on other sites More sharing options...
jdckelly Posted January 20, 2010 Share Posted January 20, 2010 thats it i officially think they're screwed and headed for admin and being wound up Link to post Share on other sites More sharing options...
Guest Stephen927 Posted January 20, 2010 Share Posted January 20, 2010 They're in such a mess, they have a 20k stadium which they aren't selling out at the moment, they owe clubs and now seemingly they could owe past players wages and bonuses. They are going to be Leeds on a smaller scale. What must the players be thinking now. Should I get my move, or should I fight on to avoid relegation which may not matter anyways if the club folds. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted January 20, 2010 Share Posted January 20, 2010 They're in such a mess, they have a 20k stadium which they aren't selling out at the moment, they owe clubs and now seemingly they could owe past players wages and bonuses. They are going to be Leeds on a smaller scale. They will no doubt go far worse than Leeds as they have virtually nothing of value now never mind after they go tits up. At least Leeds had large ground, support, staff and youth set ups to give them a chance now the dust has settled. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 20, 2010 Share Posted January 20, 2010 We could be looking at the permanent demise of the club here, like Roger says the have none of the advantages that Leeds had. If I was a Pompey player I would just be looking to move on ASAP and cut my losses, harsh but true. Link to post Share on other sites More sharing options...
Thespence Posted January 20, 2010 Share Posted January 20, 2010 I would take Nugent off them until the end of the season. He could join our scouse army & I am sure his pal Stevie Taylor would give him free lodgings during his stay. Link to post Share on other sites More sharing options...
madras Posted January 20, 2010 Share Posted January 20, 2010 Sol Campbell suing them for £1.7m greedy,greedy bastard. Link to post Share on other sites More sharing options...
NG32 Posted January 20, 2010 Share Posted January 20, 2010 Doomed. Link to post Share on other sites More sharing options...
Optimistic Nut Posted January 20, 2010 Share Posted January 20, 2010 The more I hear of Campbell, the happier I am we didn't sign him. Seems like a right cunt. Link to post Share on other sites More sharing options...
nobby_solano Posted January 20, 2010 Share Posted January 20, 2010 Sol Campbell suing them for £1.7m The more I hear of Campbell, the happier I am we didn't sign him. Seems like a right c***. yup, talk about kicking pompey when they are down. you'd think after them paying him an astronimical wage in the first place he'd waive anything like that seeing how bad a state the club is in Link to post Share on other sites More sharing options...
Guest Stephen927 Posted January 20, 2010 Share Posted January 20, 2010 From Campbells point of view, it is money he is entitled to, Portsmouth agreed to it to pay him it. Blame whoever agreed to it, not the bloke who is just looking to get his money back. Say you earn £30k a year. You are owed £1k in bonuses, but the company is on the verge of going under. What do you do? Link to post Share on other sites More sharing options...
ikri Posted January 20, 2010 Share Posted January 20, 2010 Sol Campbell suing them for £1.7m The more I hear of Campbell, the happier I am we didn't sign him. Seems like a right c***. yup, talk about kicking pompey when they are down. you'd think after them paying him an astronimical wage in the first place he'd waive anything like that seeing how bad a state the club is in Or, he's getting his claim in now before administrators are appointed since he'd be lucky to get 10% of what he's owed i the club goes into administration, but this way he might be able to jump to near the top of the list of creditors when the club does implode. Link to post Share on other sites More sharing options...
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