Portsmouth- what on earth (1 Viewer)

The loan from a council is a non starter I think. It was only talked about around election time and required the Prem / FL to guarantee re-payment from parachute payments (Pompey get them till 2014!) which they won’t do. It also requires PST to be the only bidder and that’s not the case. Although PST claim Chanrai has failed fit and proper there’s nothing from the FL to confirm that and he says his bid is still ongoing.

‘More than 2,000’ pompey fans have paid the initial deposit, £100, but now they need them to come through with the other £900. Those that don’t get the £100 back so paying the deposit is no guarantee that they’ll pay the whole lot. Shares can’t be sold or transferred so basically you’re making a donation, you can apply to cash in your share after 5 years but it’s up to PST if they let you and only 5% of shares can be cashed in If they do all come thorough that’s £2m raised. They need them to come through as if they don’t get the £2m the Pompey Supporters Trust will not be the majority shareholder. 2 directors of the PST will be on the board. Keep in mind the PST and the football club are different things as people often confuse that. No mention of what happens if they don’t get enough to be majority shareholder or if more cash is needed int eh future.

There’s then presidents, people who invest £50K or more. These presidents own another slice of the football club and have 3 directors on the board. On top of that anyone who invests £200K or more gets a place on the board. These people are not part of PST.
The proposed budget shows a loss of £3m over the rest of this season and next season before moving into profit so that would mean these guys are putting up around £1m.

Finally there’s a ‘strategic property partner’, who is looking to buy Fratton Park for £2.65m and also the land around Fratton Park in a separate transaction (currently owned by a company belonging to one of the former owners which is itself in admin).
He will then rent the ground back to the club on an ‘affordable’ basis with an option in the first 5 years for the club to buy the ground back.

The place and city is a dump, I lived in that traffic conjested dump of an area for years , they had there time in the sun and the fans all gobby with our mate harry then judas harry and all the rest .......... wish they would now dissapear for good.

They will make out it was all hard luck, well it was not that when they had the star studded line up


See ya dog shit city LOL

Some of these posts are WAY too long. I'm losing the will to live, reading some of them!

Todays nuggets of information that the locals have slipped out:

The property developer involved is a Spurs fan who has never been to a Pompey game yet is supposedly not in it to benefit for himself
The budget is based on staying in L1 and crowds of 12,000 (less than 10,000 there last night)
There is no mention in the prospectus of the fact that the agreement with former players was for £8m in payments and the PST budget for this is around £2m
The budget shows increased renveue from sponsorship, advertising etc but no mention of how that will be achieved

Why wont this thread die! die god damn you die!

magic82ball said:

Why wont this thread die! die god damn you die!

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Kill it now...before it's too late!!

magic82ball said:

Why wont this thread die! die god damn you die!

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We have some of the most self-pitiful fans in the country. The media conspiracy theory is a great laugh.

Sick Boy said:

We have some of the most self-pitiful fans in the country. The media conspiracy theory is a great laugh.

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What the hell has that got to do with what he said?!

ccfcway said:

how can they afford Mcleod

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The answer is he is within their wage structure. They are allowed 18 players and have a fixed wage budget which they have to adhere to. They are allowed to have some players on a maximum wage of £5,000 a week so I guess he is one of them.

It's outrageous they are able to afford players wages to compete

Sky Blue Pete said:

It's outrageous they are able to afford players wages to compete

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Especially when they score against us.

ccfcway said:

how can they afford Mcleod

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How did you find this in here?

Surely can't be on that much KD although somethings attracting him to remain there with all that turmoil going on ,I would'nt mind when we get rid of 3-4 in Jan trying for hom along with McGoldrick,he's never been on big money in his career and a couple of years at his hometown club might tempt .

wingy said:

How did you find this in here?

Surely can't be on that much KD although somethings attracting him to remain there with all that turmoil going on ,I would'nt mind when we get rid of 3-4 in Jan trying for hom along with McGoldrick,he's never been on big money in his career and a couple of years at his hometown club might tempt .

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They have a wage cap and have a maximum wage allowed of £5,000 a week. Given he was at Barnet before probably he is not. He did look good and his goalscoring record also looks good so yes he may be worth a look. Is quite funny that we have seen him and Leon Clark in the last couple of weeks who are vastly superior to McDonald yet some on here are still convinced he is the answer. We have to get rid of him and a couple of others to fund some real forwards.

A view from one of the pompey fans pledging £1000 to their cause ........... would you take it this far ? ..... would you put your family at risk financially for the club?

http://www.bbc.co.uk/sport/0/football/20452341

...... family comes first for me every time not the football club

"My wife will find out about this from reading this article, so don't be surprised if I am added to the long list of Pompey fans who have a petition for divorce with 'Portsmouth Football Club' featuring prominently under 'unreasonable behaviour'."

He deserves a divorce. That says more about his selfish personality than it does about the love of his football club. That is just shocking behaviour. He's talking like he deserves a statue!!

sky blue pete said:

it's outrageous they are able to afford players wages to compete

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Why is it outrageous? I presume that if we were in their situation you would protest against the club brining in players?

Sky Blue Pete said:

It's outrageous they are able to afford players wages to compete

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Don't care too much TBH.

If they survive they lose 10 points. If they get liquidated yesterdays result gets wiped out. Will be happy we only drew then. They are going to need some good players to keep them out of Div4 and a lot of luck to keep them afloat.

ccfcway said:

they will strengthen in Jan, get a new manager and will survive without getting the 10 points deducted

this is Portsmouth "Teflon" FC

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Why are you so bothered? They will get a 10 point reduction. If people look through the nonsense Portsmouth thread it really is ridiculous. They have better players, they have signed so much quality blah blah. They are almost the walking dead. I think one poster said they are jealous of them! Really people need to get over it. They were the worst team we have seen here.

ALTHOUGH Portsmouth have indicated they will not have a new permanent manager in place by the time they travel to the Ricoh this Saturday, a few Coventry City old boys are in the running for the post.
Former Sunderland midfield hardman Kevin Ball is a 16-1 shot and best placed of the former Sky Blues to take the reins. Ball started his career with Coventry although he never made a first-team appearance.
Former City Academy boss Richard Money is being quoted at 25-1 to replace Michael Appleton, who left to manage Blackpool earlier this month.
Another two men with links to City are also at 25-1 in the betting - former youth team keeper Dean Kiely and Liam Daish, who made 31 appearances for the Sky Blues in the late 1990s.


Also in the running are Dennis Wise (40-1), Ian Dowie (66-1) and Andy Thorn (50-1), now ready to hop back on the managerial merry-go-round after settling his compensation with City.


Read More http://www.coventrytelegraph.net/co...-portsmouth-job-92746-32278047/#ixzz2DLw5Up1K

How do they work these odds out!!!:thinking about:

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oldskyblue58 said:

A view from one of the pompey fans pledging £1000 to their cause ........... would you take it this far ? ..... would you put your family at risk financially for the club?</p>
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<p><a href="http://www.bbc.co.uk/sport/0/football/20452341" target="_blank" rel="nofollow">http://www.bbc.co.uk/sport/0/football/20452341</a></p>
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<p>...... family comes first for me every time not the football club

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I actually feel sorry for that Portsmouth fan. If pompey plays that bigger part in his life he either has little going for him or he has difficulties it prioritising.

coundonskyblue said:

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I actually feel sorry for that Portsmouth fan. If pompey plays that bigger part in his life he either has little going for him or he has difficulties it prioritising.

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Oh dear that is a bit more than sad..

no job, a mortgage, wife kids, living off a redundancy payment he took voluntarily so he can 'devote' his life to the club ....

Seriously can you image any club being able to function on the back of people like this?

Hope he wakes himself up a bit and gets back in the real world

ccfcway said:

interesting to hear Wallsall fans today saying "they can afford DMC wages but cant pay the rent"

we are not as bad as pompy, are we ?

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There's an article on that Walsall forum devoted essentially to that-and it referred to newspaper articles hoping we'd lose because of the rent situation. Do Pompey get such comments? Heck no.

Nobody loves us ~ they all hate us ~

Brighton Sky Blue said:

There's an article on that Walsall forum devoted essentially to that-and it referred to newspaper articles hoping we'd lose because of the rent situation. Do Pompey get such comments? Heck no.

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They are very sensitive about rent discussions as they are the second biggest payers in the league.

Fuck Walsall tey got destroyed yesterday fools
Need to take it like men

We all know that sisu can afford to pay the rent it's just that they won't because they want a better deal and ownership of the stadium. Completely different to Pompey that don't have a pot to piss in and pay players silly money in wages making a mockery of the whole administration process.

Walsall fans need to worry about the state of their own club and the hammering they received from a very average league one side.

Skyblue4u said:

We all know that sisu can afford to pay the rent it's just that they won't because they want a better deal and ownership of the stadium. Completely different to Pompey that don't have a pot to piss in and pay players silly money in wages making a mockery of the whole administration process.

Walsall fans need to worry about the state of their own club and the hammering they received from a very average league one side.

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If you talk to the Pompey Supporters Trust, you'll find that their business plan depends a good deal on reducing the wage bill. Most of the problem with that is they're still paying players on Premiership wages who've gone!

Portsmouth haven't even moved to a new ground.

The latest: http://www.bbc.co.uk/sport/0/football/20669252

Portsmouth: Football League reaffirm points deduction


The Football League have confirmed they intend to dock Portsmouth 10 points when they come out of administration.
Pompey have been in administration since February and are £61m in debt.
They are in the process of a takeover bid by the Pompey Supporters' Trust but that is conditional on administrators forcing the sale of Fratton Park.
"The Football League re-affirm its earlier decision that these conditions would include a deduction of 10 points," said the statement.

A 10-point deduction would leave the club in the League One relegation zone, but the PST say that decision was always expected.
"The 10-point deduction was anticipated," spokesman Colin Farmery told BBC Radio Solent.
"I don't think that is a great, significant blow to fans. I think most of us expected that was a likely outcome.
"The key thing is we are taking a long-term view of this decision and in the long term we think this is great news for Portsmouth Football Club."
Administrators of the club PKF will attempt to force the sale of Fratton Park at the High Court on Thursday.
If the judge agrees, an independent valuation will then be made leaving the PST free to complete the takeover of the club.
Continue reading the main storyAshley Brown, Chairman of PST

Fratton Park is currently controlled by Balram Chainrai, who is owed around £12m by the club and holds the stadium as security.
The Football League say they will approve the PST as owners if two areas can be resolved "they are the outcome of the current High Court proceedings relating to the ownership of Fratton Park and PST raising the remaining funding from supporters that is anticipated in its business plan."
Pompey's points deduction had been suspended but the league confirmed it will still be applied while also adding there will be further punishments against the club such as "restrictions on playing budgets and future borrowing for the next four seasons."
But the PST said in a statement they welcomed the news as a positive step.
"We are very pleased The Football League has shown confidence in our bid by endorsing our proposed membership. This is a highly significant moment for the club," said Ashley Brown, chairman of PST.
"We have always argued that Pompey needs a community-led solution and we are very pleased the league shares our confidence in our ability to turn the club around.
"Thanks to the backing of our fans and our individual investors we have a robust business plan, which the league has endorsed."