Questionable owners who delivered them 2 FA Cup finals and European football, along with an artificially high league placing-and to boot, they now have the sympathy of local and national press and other football fans despite shafting a long list of local businesses and institutions. It's simply indefensible.
i know what your saying but high wages/long contracts were built up across a series of "owners" who are all partly guilty. they didn't have a sugar daddy to bail them out and the banks called in some of the debts.
nearly every football club is running at a loss.
is a club with 40mill debt much better than one with a 50mill debt or a man utd with 800mill debt? a one million debt is too much if it gets called in.
Many football clubs, like some businesses, run with debt. It is for the directors of the business to make a judgement on whether the trading is sustainable, and to constantly review the avenues - plural, preferably - to service the debt to ensure the ongoing nature of the business. To fail to correctly make that fundamental judgement upon three occassions in less than a decade simply unforgivable.
To run a business such is cavalier in the extreme, and to performance profit from doing so is simply cheating
i know what your saying but high wages/long contracts were built up across a series of "owners" who are all partly guilty. they didn't have a sugar daddy to bail them out and the banks called in some of the debts.
nearly every football club is running at a loss.
is a club with 40mill debt much better than one with a 50mill debt or a man utd with 800mill debt? a one million debt is too much if it gets called in.
with regards to pompey they've had a few owners giving it the big one who probably had less in the bank than me. they were passed from pillar to post and never had a chance to recover as ridiculous contracts were already in place.
any debt is bad if the creditor calls it in, even stadium rent. there aren't many clubs out there blame free at the moment.