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Title: Portsmouth Post by: redjed on Wednesday, May 9, 2012, 03:20:49 If portsmouth go out of business what will happen to league 1 next season, it seems that they still do not have a buyer and could well fold in the next few weeks . Will the league promote some one else from the second , or cancel one of the relegated teams demotion. Shame really as it is another derby match as well.
Title: Re: Portsmouth Post by: Spud on Wednesday, May 9, 2012, 03:37:59 Been discussed in a different thread. They just take one team away from League One.
Title: Re: Portsmouth Post by: DMR on Wednesday, May 9, 2012, 10:59:35 How in the name of all that is good and holy is Swindon-Pompey a derby?
Title: Re: Portsmouth Post by: Abrahammer on Wednesday, May 9, 2012, 11:04:19 Hampshire v Wiltshire is only possible explanation for that thinking.
You would have to be simple to think like that mind you. Title: Re: Portsmouth Post by: Ardiles on Wednesday, May 9, 2012, 11:07:08 Fratton Park is the same distance from Swindon as Villa Park (both 84 miles, +/- a mile or so). So no!
Title: Re: Portsmouth Post by: reeves4england on Wednesday, May 9, 2012, 11:24:03 I'm guessing redjed was thinking in terms of away attendance rather than actual proximity or rivalry - if so, he has a point.
Title: Re: Portsmouth Post by: Flashheart on Wednesday, May 9, 2012, 11:27:36 Perhaps redjed is just geographically challenged.
Title: Re: Portsmouth Post by: Batch on Wednesday, May 9, 2012, 11:38:47 Perhaps redjed is a researcher from the BBC "local" TV show Late Kickoff.
Title: Re: Portsmouth Post by: Barry Scott on Wednesday, May 9, 2012, 11:56:29 Perhaps redjed lives in Pompey and for him it's a bit like a derby?
Title: Re: Portsmouth Post by: No Longer Posh Red on Wednesday, May 9, 2012, 11:59:40 Fuck Pompey, I'm looking forward to our Derby against Brentford ;)
Title: Re: Portsmouth Post by: bigbobjoylove on Wednesday, May 9, 2012, 12:05:45 Fuck Pompey, I'm looking forward to our Derby against Brentford ;) Fuck Brentford. Bring on the Walsall scum! Title: Re: Portsmouth Post by: DMR on Wednesday, May 9, 2012, 12:17:12 I'm guessing redjed was thinking in terms of away attendance rather than actual proximity or rivalry - if so, he has a point. It's still not a derby though is it, whether we take 200 or 2 fucking million. Title: Re: Portsmouth Post by: Ralphy on Wednesday, May 9, 2012, 12:49:55 Fuck Brentford. Bring on the Walsall scum! Stand up if you hate Coventry. 72 miles from SN1. Title: Re: Portsmouth Post by: walcot red on Wednesday, May 9, 2012, 13:58:32 I hope pompey stay in business this is away game im most looking forward to, had a few good nights out when i used to live there, its a shithole though.
Title: Re: Portsmouth Post by: Not that Nice If I'm Honest on Wednesday, May 9, 2012, 14:05:46 I wish they would promote an extra team from L2.
That way, Oxford would have only missed by one place, and the recriminations on the Yellows Forum would go into total meltdown "if Leven hadn't hit the post against Aldershot etc etc blah blah" Title: Re: Portsmouth Post by: walcot red on Wednesday, May 9, 2012, 14:08:23 I wish they would promote an extra team from L2. That way, Oxford would have only missed by one place, and the recriminations on the Yellows Forum would go into total meltdown "if Leven hadn't hit the post against Aldershot etc etc blah blah" Fuck 'em the pox can rot in league 2 Title: Re: Portsmouth Post by: Coca Fola on Wednesday, May 9, 2012, 14:18:46 My dad hates Pompey the most, more than Oxford, City, Rovers etc. He says it's because in the 70's/80's we had a period of playing them all the time and there was a lot of bad blood between the fans. Although I doubt that applies to many fans, probably just him, and redjed.
Title: Re: Portsmouth Post by: Mexicano Rojo on Wednesday, May 9, 2012, 15:10:06 i remember in the 80s it always being fucking horrible against pompey inside and outside the ground.
Title: Re: Portsmouth Post by: otanswell on Wednesday, May 9, 2012, 21:04:32 The Chanrai guy who owned it before is supposedly buying them....again
Title: Re: Portsmouth Post by: leefer on Wednesday, May 9, 2012, 21:20:49 My dad hates Pompey the most, more than Oxford, City, Rovers etc. He says it's because in the 70's/80's we had a period of playing them all the time and there was a lot of bad blood between the fans. Although I doubt that applies to many fans, probably just him, and redjed. Nope,nasty lot and when Kamara left them for us.....it irked them even more. Title: Re: Portsmouth Post by: Not that Nice If I'm Honest on Wednesday, May 9, 2012, 21:33:04 Fuck 'em the pox can rot in league 2 Exactly what I am advocating - but teasingly close to the playoffs Title: Re: Portsmouth Post by: Power to people on Thursday, May 10, 2012, 12:11:27 The Chanrai guy who owned it before is supposedly buying them....again Problem he has is that he is owned a lot of money if they go bust he stands to lose out, he done that previous then sold it to the last dodgy lot, the fans may have something to say about that this time though Title: Re: Portsmouth Post by: Peter Venkman on Friday, July 6, 2012, 12:23:18 Been a while since an update on Pompey.
Looks like they could be in real trouble next season and genuinely go out of business, somebody mentioned about their playing budget being a lot higher than Swindons, it may currently be higher but I am pretty sure it wont be higher come season start. A quote from todays Daily Mail states about how their players on pretty high wages could bring the club down to its knees as the new bidders wont buy the club with the players they already have on their current contracts.....and to make it worse for them the players MUST be paid under the football creditors rule. Looking bleak indeed for Pompey. Quote The League One player on £36,000 a week Crisis club Portsmouth are still dealing with an astonishing wage bill as they prepare for life in League One, according to a special report in the Daily Mail. The paper reveals that defender Tal Ben Haim is still earning a staggering £36,000 a week, while the club has 10 players on their books that are costing them a total of £11m a year in wages. Ben-Haim also has an image rights contract worth £1m a year, while Nwankwo Kanu is picking up £10,000 a week at the Hampshire club, who were relegated from the Championship last season. Aaron Mokoena, Greg Halford, Liam Lawrence, Hayden Mullins, David Norris, Erik Huseklepp, Luke Varney and Dave Kitson are the other big-earners at Fratton Park. The club are still in administration, but the players are entitled to be paid in full under the football creditors’ rule. "For the club to survive, we have to sell them," administrator Trevor Birch admitted to the Mail. "They are on wages that are unsustainable at League One level. They are all for sale. We have already made some savings, but it isn’t enough to save the football club." The wage bill is one of the key things stopping prospective owner Balram Chainrai from investing in the club, while he claims he is owned £19m from his previous spell in charge. The big wages are remnants from Portsmouth's days in the Premier League, when they overspent in pursuit of glory. Portsmouth were a Premier League club as recently as 2010. The Mail also claims that former players - such as Michael Brown, Richard Hughes, Aruna Dindane, Benjani, David Nugent, Hassan Yebda, Ricardo Rocha and David James - are all owed 'substantial sums of money'. "We are negotiating with the (ex) players, but so much depends on whether an agreement can be reached," said Birch. "The sums of money are so vast that it complicates the matter and the players can always fall back on the football creditors ruling, which means they must get paid." Title: Re: Portsmouth Post by: Paolo69 on Friday, July 6, 2012, 12:42:21 The majority of those "big earners" were signed after they went into admin the first time. Whoever sanctioned the "second" spending policy should be taking a bullet.
Title: Re: Portsmouth Post by: kerry red on Friday, July 6, 2012, 12:45:20 All very well saying they need to sell their high earners - the problem is any interested buying club wont be able to match the wages they are on at Pompey.
So unless the players themselves shake off the image of selfish rich boys and are prepared to take a wage drop, they are well and truly stuffed. Never had much of an affinity for Pompey, but I do feel sorry for their supporters. This scenario, of course, is what our yellowbellied friends are wishing upon us Title: Re: Portsmouth Post by: walcot red on Friday, July 6, 2012, 13:01:58 Whilst it would be a shame to see a club go bust, I don't feel sympathy for the club or the fans.
Were the fans complaining when they were winning the F.A Cup and there subsequent jollies into Europe no probably not. They wanted more success and were wanting to compete with Arsenal/Chelsea etc The club knew that they were in finacial meltdown when they went into admin so why the hell did they sign players on stupid money? So unless the players themselves shake off the image of selfish rich boys and are prepared to take a wage drop, they are well and truly stuffed. Why should they take a pay cut? They signed a contract and they are entitled to it. Would you accept a pay cut if your company you worked for was in trouble? Or would you even consider working for a company that had money issues before? Did anyone feel sorry for us when we were in admin or when Rushden and Diamonds went bust? of course not. Title: Re: Portsmouth Post by: Nemo on Friday, July 6, 2012, 13:12:38 Surely being paid 10k a week is better than being theoretically entitled to 36k a week but being extremely unlikely to ever receive it.
Title: Re: Portsmouth Post by: ghanimah on Friday, July 6, 2012, 14:46:05 This scenario, of course, is what our yellowbellied friends are wishing upon us Whilst many of our yellowbellied friends mocked our financial position surprisingly not that many actually wanted us to go out of business Title: Re: Portsmouth Post by: jonny72 on Friday, July 6, 2012, 14:51:01 If they do go bust it will mean only 23 teams on League One next season and at least a year without football for Portsmouth, guess if they then reform they'll be let straight in to the Conference.
I wonder if it does happen if Rangers will try to buy them and take their place in League One? Title: Re: Portsmouth Post by: Flashheart on Friday, July 6, 2012, 14:53:31 Whilst many of our yellowbellied friends mocked our financial position surprisingly not that many actually wanted us to go out of business And I wouldn't want them to go out of business. The thing is with clubs like Portsmouth and Rangers is that it shows just how vulnerable clubs and all their history are to a handful of incompetent and/or unscrupulous individuals. STFC was nearly put out of existence for the benefit of a particular fat Greek cunt, for example. It's not just about the particular clubs in danger, it's about football in general. Title: Re: Portsmouth Post by: Panda Paws on Friday, July 6, 2012, 15:01:14 If they do go bust it will mean only 23 teams on League One next season and at least a year without football for Portsmouth, guess if they then reform they'll be let straight in to the Conference. I wonder if it does happen if Rangers will try to buy them and take their place in League One? Surely that idea is utter bollocks. They would have to - in effect - relocate Portsmouth FC to Glasgow to take their place. That loophole was closed after Wimbledon/Plastics ... Title: Re: Portsmouth Post by: jonny72 on Friday, July 6, 2012, 15:12:39 Maybe. But if the alternative was liquidation for Portsmouth, would it really make any difference?
Same thing happened before in Scotland back in 2002. Airdrie went bust, the newco then bought Clydebank, kept their place in the league and passed all the other assets on to the Clydebank newco who reformed the following season in the lower leagues. Title: Re: Portsmouth Post by: Summerof69 on Friday, July 6, 2012, 15:37:30 The majority of those "big earners" were signed after they went into admin the first time. Whoever sanctioned the "second" spending policy should be taking a bullet. I believe the 'person' who let them sign players on those high salaries was a certain Andrew Andronikou, as they were still in admin when they definately signed Kitson. There is a big cue to fire that bullet at him though... Title: Re: Portsmouth Post by: tans on Friday, July 6, 2012, 15:39:26 I believe the 'person' who let them sign players on those high salaries was a certain Andrew Andronikou, as they were still in admin when they definately signed Kitson. There is a big cue to fire that bullet at him though... I see he surfaced up at watford sorting out their takeover deal Title: Re: Portsmouth Post by: Summerof69 on Friday, July 6, 2012, 15:43:04 The question should be asked why was there no relegation clauses put in the players contracts.
Anyone with half a brain should puts that in the contracts these days. Title: Re: Portsmouth Post by: Summerof69 on Friday, July 6, 2012, 15:45:07 I see he surfaced up at watford sorting out their takeover deal Did he? What with his football 'expertise'? Title: Re: Portsmouth Post by: jonny72 on Friday, July 6, 2012, 15:46:14 I believe the 'person' who let them sign players on those high salaries was a certain Andrew Andronikou, as they were still in admin when they definately signed Kitson. How does he get away with it? Surely he must shoulder some of the responsibility for approving the cva that has lead to this? Title: Re: Portsmouth Post by: tans on Friday, July 6, 2012, 15:49:40 Did he? What with his football 'expertise'? http://www.bbc.co.uk/sport/0/football/18646398 Title: Re: Portsmouth Post by: Summerof69 on Friday, July 6, 2012, 15:54:18 How does he get away with it? Surely he must shoulder some of the responsibility for approving the cva that has lead to this? He doesn't give a shit. Don't forget he and the company he works for thought it was routine for them to be appointed the second time as the administrator of the club...that was before he had his character assassinated in court, with the local council, MP's and fans making sure that he was never re-appointed, telling the court how useless he was. Due to the fact he never did anything 'illegal' he'll probably get away with it, though he recently got fined by his governing body. Regarding signing players on big money, he used the fact that they had the 'parachute payment' money to cover it, and he had the backing of Chainrai. Title: Re: Portsmouth Post by: Power to people on Monday, July 9, 2012, 11:59:04 Let's hope the Supporters Trust can come to an arrangment with the players for outstanding wages which would allow them to talk over and get it stable, you do fear of Chainrai takes over again thye may end up in the some position again in 12 months time
Title: Re: Portsmouth Post by: The Grim Reaper on Thursday, July 12, 2012, 15:19:21 Pompey starting season on -10 points. Confirmed on SSN now.
Title: Re: Portsmouth Post by: pericarp on Thursday, July 12, 2012, 15:19:58 Poor them :(
Title: Re: Portsmouth Post by: tans on Thursday, July 12, 2012, 15:21:47 Shame.
Title: Re: Portsmouth Post by: The Grim Reaper on Thursday, July 12, 2012, 15:23:00 And we've just moved up a place in the league table!
Title: Re: Portsmouth Post by: LucienSanchez on Thursday, July 12, 2012, 15:33:47 EIEIEIO...
Title: Re: Portsmouth Post by: kerry red on Thursday, July 12, 2012, 15:37:37 Hope nobody's getting any pleasure out of this - another kick in the bollocks for supporters.
And Channrai is waiting in the wings again. Wonder there hasn't been a contract out on him Title: Re: Portsmouth Post by: jonny72 on Thursday, July 12, 2012, 15:57:20 Given the outstanding liabilities to football creditors and that other creditors will now only get 1p in the £, I can't help but think the best option for Portsmouth would be to liquidate and reform with a clean slate. Rather than fuck up League One for the season and Portsmouth to go without football for a year, they could let them play in League One and then be relegated to the Conference at the end of the season.
Unless they do something like this the problems will only continue like they have done since the last CVA. Title: Re: Portsmouth Post by: kerry red on Thursday, July 12, 2012, 16:03:23 But one of the conditions set out by the FL is that any new administration cannot carry forward all of the secured debt of the old company.
Which is good in a way as it will be less attractive for Channrai who only wants to get his money back and at the same time make the club a bit more attractive to other prospective buyers (if there are any, of course). If I was a supporter my preferred option would be to liquidate the club, let the supporters trust take over the phoenix club and start again a la Wimbledon. Title: Re: Portsmouth Post by: tans on Thursday, July 12, 2012, 16:04:36 And Channrai is waiting in the wings again. Wonder there hasn't been a contract out on him There was, but they couldnt afford the fee Title: Re: Portsmouth Post by: sonicyouth on Friday, July 13, 2012, 07:57:47 Can we sign Huseklepp so I have a Norwegian to support?
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