Will Pompey fold? (merged threads)

[seagullsovergrimsby]

Unbelievably Portsmouth City Council have voted unanimously to loan PST £1.5M.

 

[CHAPPERS]

Unbelievably Portsmouth City Council have voted unanimously to loan PST £1.5M.

Now THAT is f***ing ridiculous. Literally throwing money down the pan. Crazy.

 

[SurreySeagulls]

Even so that depends on the odious Channrai accepting the offer of a couple of million instead of the £14 odd million he is hoping to snaffle from the parachute payments.

 

[seagullsovergrimsby]

Even so that depends on the odious Channrai accepting the offer of a couple of million instead of the £14 odd million he is hoping to snaffle from the parachute payments.

He doesn't need to accept £2.75M from PST when he can buy back Pompey for £1 , rent the ground to PST and cop the £14M parachute payment.

 

[Bwian]

Unbelievably Portsmouth City Council have voted unanimously to loan PST £1.5M.

Bet the council tax payers will be thrilled when they get their £30,000 back from that loan.

I loathe everything to do with Chrystal Payless but I f***ing hate Portsmouth FC. They should have been kicked out of the league. 2p in the pound is disgraceful, especially as they're already handing out massive contracts before they even knew their fate.

 

[seagullsovergrimsby]

Bet the council tax payers will be thrilled when they get their £30,000 back from that loan.

Only £1.50 if they go back into administration

 

[gripper stebson]

Unbelievably Portsmouth City Council have voted unanimously to loan PST £1.5M.

I wonder if that covers the remainder of Ben Haim and Lawrence's contracts?

 

[Bwian]

Only £1.50 if they go back into administration

Isn't it a truly odious football club?

 

[Barnham Seagull]

So basically you can run up £150m in debt pay less than a £1m back to those you owe and rip up the contracts of the players and get out of paying them!

Then get the local council to lend you money even thow £50m of debt was owed to the public purse.

This is just disgusting it flies in the face of what clubs are trying to do and business who have failed in the recession must wonder what the hell it's all about.

They are a vile club and city is vile. I hate them more than Palace

 

[Seagull over Canaryland]

So basically you can run up £150m in debt pay less than a £1m back to those you owe and rip up the contracts of the players and get out of paying them!

Then get the local council to lend you money even thow £50m of debt was owed to the public purse.

This is just disgusting it flies in the face of what clubs are trying to do and business who have failed in the recession must wonder what the hell it's all about.

Agree with all of this - but I bet the Pompey fans will ignore these insignificant details, turn a blind eye and just be happy their Club has been saved (yet again). If their fans have got any minerals they will cry foul.

They are a vile club and city is vile. I hate them more than Palace

I agree with all of this - but given their track record so far I bet the majority of Pompey fans will ignore these insignificant details (again) and just be happy that their Club has been bailed out (again) using someone else's money. If their fans have got any minerals they will cry foul - but I won't hold my breath.

Mind you there are still loads of questions as to how they go forward from here so I don't think the saga is over just yet.

 

[Ernest]

Start on -10 won't be easy especially as the team has had no pre-season training

 

[Geriatric Seagull]

The way that that club operates they'll be bust again in six months! Is minus 10 enough- I don't think Luton would agree!

 

[Green Cross Code Man]

I agree with all of this - but given their track record so far I bet the majority of Pompey fans will ignore these insignificant details (again) and just be happy that their Club has been bailed out (again) using someone else's money. If their fans have got any minerals they will cry foul - but I won't hold my breath.

Mind you there are still loads of questions as to how they go forward from here so I don't think the saga is over just yet.

Minerals? What do you mean, 'minerals'?

 

[seagullsovergrimsby]

He doesn't need to accept £2.75M from PST when he can buy back Pompey for £1 , rent the ground to PST and cop the £14M parachute payment.

The final parachute payment due to Pompey is £11.7M

 

[Bwian]

The final parachute payment due to Pompey is £11.7M

Which should go directly to HMRC, pretty much like the payment we had to make all those years ago before the taxman wound us up. I get threatened by the bastards for a few grand yet owing millions is apparently fine. Cvnts, the pair of them.

 

[Barrel of Fun]

You'd expect, at least, one Portsmouth fan to register and defend themselves or their club.

Surely we come pretty high up on the Google ranking for talking about this.

 

[Southover Street Seagull]

Then get the local council to lend you money even thow £50m of debt was owed to the public purse.

The money is not being lent to the football club, it's being lent to the supporters trust.

 

[Southover Street Seagull]

The parachute payments should be taken away from them. They have lived way beyond their means for years and now they are being given a massive financial advantage over L1 clubs who will now have to spend beyond their means to try and compete with PFC. This could lead to loads of clubs finding themselves in financial shit without the benefit of parachute payments

All League 1 and League 2 clubs have signed up to Football League Salary Cost Management Protocol (SCMP), this limits these clubs spending too much money on players as a percentage of their turnover.

The Football League | About Us | FAQs | FL Explained | FL Explained | Financial Fair Play in The Football League

 

[Bwian]

All League 1 and League 2 clubs have signed up to Football League Salary Cost Management Protocol (SCMP), this limits these clubs spending too much money on players as a percentage of their turnover.

The Football League | About Us | FAQs | FL Explained | FL Explained | Financial Fair Play in The Football League

But we are talking about Portsmouth now-they'll find ways to over spend and the FA and FL will fall over themselves to make sure they are still allowed to operate.

 

[Woodchip]

You'd expect, at least, one Portsmouth fan to register and defend themselves or their club.

Surely we come pretty high up on the Google ranking for talking about this.

"Pompey bust" we're 7th.
"Pompey Administration" we're not even top 5 pages
"pompey fold" 8th

Not bothered with any other searches.