Generic clubs in financial crisis Thread

[Geekins]

We are a big club with an away following that matches anyone in the country bar the six or seven clubs at the top of the Premiership and it's time the FA and the League, not to mention quite a lot of other people, woke up to the fact that Pompey (2012) playing in something like the Conference South is not a very sensible idea.

Big club? Your average home crowd is lower than Reading's

Away support that matches anyone in the country? You had about 300 at Birmingham last night Stop thinking you are somehow a special case that deserves saving. You aren't.

Pompey playing in the Conference South is not a very sensible idea? Deluded. You;ll be starting lower down than that, mate . And I'll tell you what isn't a very sensible idea.....spending millions in transfer fees and wages that a medium-sized club like yours could never, ever wish to support.

As you can see I am definiteLOLy rattLOLed by this.

Let 'em die let 'em die let 'em die
Let 'em die let 'em die let 'em die
Let 'em die let 'em die let 'em die
Let 'em die
Let. 'em. Die.

^^ This.

[Barry the bird boggler]

We are a big club with an away following that matches anyone in the country bar the six or seven clubs at the top of the Premiership and it's time the FA and the League, not to mention quite a lot of other people, woke up to the fact that Pompey (2012) playing in something like the Conference South is not a very sensible idea.

Big club? Your average home crowd is lower than Reading's

And they don't sell out the small ground they have got every home game.

[Ian Royal]

They aren't even in the top 10 biggest away supports in the Championship, let alone the Premier League!

1,184 so far this season from what I can find.

There should be riots if the Government coughs up cash to save a dirty poorly run football club when it's frozen public sector wages for two years and is cutting public spending massively.

Comments like these are reasons why so many fans want they're shitty little club to just die.

PAY YOUR TAXES YOU MUTHERFOCKERS!

[wolsey]

:| They aren't even in the top 10 biggest away supports in the Championship, let alone the Premier League!

1,184 so far this season from what I can find.

There should be riots if the Government coughs up cash to save a dirty poorly run football club when it's frozen public sector wages for two years and is cutting public spending massively.

Comments like these are reasons why so many fans want they're shitty little club to just die.

PAY YOUR TAXES YOU MUTHERFOCKERS!

Agreed, but their fans are "special".....

[Uke]

Agreed, but their fans are "special".....

needs?

[wolsey]

Agreed, but their fans are "special".....

needs?

You might say that, I couldnt possibly

[Cobi]

:| They aren't even in the top 10 biggest away supports in the Championship, let alone the Premier League!

1,184 so far this season from what I can find.

There should be riots if the Government coughs up cash to save a dirty poorly run football club when it's frozen public sector wages for two years and is cutting public spending massively.

Comments like these are reasons why so many fans want they're shitty little club to just die.

PAY YOUR TAXES YOU MUTHERFOCKERS!

Agreed, but their fans are "special".....

Spethal

[Terminal Boardom]

:| They aren't even in the top 10 biggest away supports in the Championship, let alone the Premier League!

1,184 so far this season from what I can find.

There should be riots if the Government coughs up cash to save a dirty poorly run football club when it's frozen public sector wages for two years and is cutting public spending massively.

Comments like these are reasons why so many fans want they're shitty little club to just die.

PAY YOUR TAXES YOU MUTHERFOCKERS!

Agreed, but their fans are "special".....

Spethal

Don't you mean "Thpethal"?

[Cobi]

No. *pronounce as.

[TFF]

oxf*rd, oxf*rd arseholes

As epitaphs go, that's not a bad one.

RIP Dirkers

[Terminal Boardom]

The longer that this rumbles on the better. If Pompey are wound up, I hope it is after the end of March as it will mean they have no football to look forward to next season! Apparently, when the Supporters Trust made an enquiry to the Administrators about running the club, they were told that they needed £100m behind them. And, afaik, the club's bank accounts are still frozen which prevents players and club staff from being paid.

http://www.portsmouth.co.uk/sport/pompey/pompey-past/pfa_seek_answer_to_pompey_wages_woe_1_3500725

[Platypuss]

I really don't get the anger against Chanrai, have they all forgotten he pumped in £17m of his own money to save them and now they need more?

The problem is them running a squad of very rich players they can't afford.

I can see the PL being kind (again) and advancing at least some of the parachute money, probably enough to keep them going to the end of the season.

But isn't the parachute money already bundled into the existing CVA agreed with creditors to pay off the "old" debts?

In other words it's not Pompey's to use to pay off "new" debt.

ICBWOC - where's Dirker when you need him?

[Who Moved The Goalposts?]

I really don't get the anger against Chanrai, have they all forgotten he pumped in £17m of his own money to save them and now they need more?

The problem is them running a squad of very rich players they can't afford.

I can see the PL being kind (again) and advancing at least some of the parachute money, probably enough to keep them going to the end of the season.

But isn't the parachute money already bundled into the existing CVA agreed with creditors to pay off the "old" debts?

In other words it's not Pompey's to use to pay off "new" debt.

ICBWOC - where's Dirker when you need him?

Yep - this is my understanding as well. There will no parachute money available at all.

[Geekins]

http://www.portsmouth.co.uk/news/busine ... _1_3506126 - Administration beckons...

[Terminal Boardom]

http://www.portsmouth.co.uk/news/business/local-business/pompey_boss_braced_for_administration_1_3506126 - Administration beckons...

If this happens, they should be thrown out of the league. I bet HMRC are going completely hatstand over this. And how can one man put the same club into administration twice? This is a total disgrace.

Looking at the various comments, the moodswing is towards pulling the plug, go into liquidation and start all over again.

[soggy biscuit]

Have they paid St. Johns Ambulance yet?

[Barry the bird boggler]

If they are granted administration (and isn't that not guaranteed?) they should get whacked for more than a 10 point deduction a la Luton and Bournemouth. Anyone confirm? I though the FL had now set guidlines about clubs hitting administration again while still supposedly paying a CVA from a previous visit administration.

[Ian Royal]

Have they paid St. Johns Ambulance yet?

I believe the first payment from the CVA from the last administration is due in April. So probably not.

I reckon either 15 or 20 points off if they enter Admin. Which will be good news for the likes of Ipswich, Millwall, Forest, Donny and Coventry.

[Friday's Legacy]

http://www.portsmouth.co.uk/news/business/local-business/pompey_boss_braced_for_administration_1_3506126 - Administration beckons...

If this happens, they should be thrown out of the league. I bet HMRC are going completely hatstand over this. And how can one man put the same club into administration twice? This is a total disgrace.

Looking at the various comments, the moodswing is towards pulling the plug, go into liquidation and start all over again.

absolutely disgusted by this. you would hope because it's yet another administration that the fa will punish them with an even steeper points deduction, but it will be sods law they look after the club and let them off lightly. if ever a football club took the piss financially it's this one, and look at how they muck people around repeatedly and carry on b.a.u like nothings happened.

after the previous administration they went and brought in the likes of lawrence and kitson, both on over 20k a week at the time. and look at the others still on their books. it's criminal.

[bobbybottler]

Finally, finding a buyer for this outfit won't be easy unless the land around the ground is also available to purchase.

And it isn't. I think I read somewhere that it's under some kind of protection to prevent it ever being sold for non-footballing reasons, i.e it can't ever be sold for housing etc. The stadium also can't be redeveloped there, or couldn't be, so it's a major put off for any potention buyer.

I replied to this a couple of years ago, on this thread, it's a quite widely believed untruth.

The land around FP is not under a non-football covenant, the only planning restricition which exists is one that states no housing over two storeys can be built on the land (in keeping with the housing immediately to the south east of the ground. IIRC the remainder of FP is surrounded by industrial areas + BR sidings).

This was all over the PFC forums when this kicked off a couple of years ago and it was all quoted chapter and verse from the Portsmouth City Council planning guidelines.