bakeri666 Posted March 21, 2010 Share Posted March 21, 2010 Investor considers Portsmouth A UK-based businessman with a "substantial amount of money" is looking to buy crisis club Portsmouth, according to the man fronting the bid. Property tycoon Rob Lloyd says his unnamed client will spend two weeks sifting through the club's finances before deciding whether to bid. Portsmouth had four owners this season before going into administration. "My client has seen an opportunity," Lloyd told BBC Radio 5 live. "We are looking at a club that's on its knees." Lloyd, who once appeared on the reality television show Secret Millionaire, said he met administrator Andrew Adronikou several times last week to discuss a potential bid and gain access to the club's books. After admitting that his property business has debts of £27m, Lloyd said he had not decided whether to invest any his own money into the bid, before defending his client's right to anonymity. "Until you are in a position where you can actually physically buy the club, my client doesn't want to come in the front line," he said. "It's far too early, people need to back off, let us get on with the job. Let us get into a position where we know what we are taking on from a legal and financial point of view. "Once we've done that, I see no reason why he won't come forward provided that we end up being successful in the purchase of the club." http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8578649.stm Link to comment Share on other sites More sharing options...
Day Posted March 24, 2010 Share Posted March 24, 2010 Portsmouth have been given special permission by the Premier League to sell players outside of the transfer window to ease their financial crisis. Pompey, who had nine points deducted for going into administration, can sell stars on condition they cannot play for their new club before next season. The south-coast club have debts of about £60m and have laid off 81 staff in an attempt to cut their costs. Pompey are bottom of the Premier League and virtually certain to be relegated. The Premier League's decision is a turnaround after it rejected Pompey's initial plea in February. But in a statement on Wednesday, the Premier League said it had reconsidered after a board meeting last week. However, the Premier League has set the following conditions: 1. Players may be sold to other Premier League Clubs but may not play first team football for the new club before the end of the season. 2. Players may be sold to a Football League or foreign club, subject to Fifa's approval. 3. Portsmouth FC may enter into an agreement with another Premier League, Football League or foreign club that a player will be transferred to that other club in the summer. More to follow. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8585099.stm Link to comment Share on other sites More sharing options...
CumbrianRam Posted March 24, 2010 Share Posted March 24, 2010 Portsmouth have been given special permission by the Premier League to sell players outside of the transfer window to ease their financial crisis. Pompey, who had nine points deducted for going into administration, can sell stars on condition they cannot play for their new club before next season. The south-coast club have debts of about £60m and have laid off 81 staff in an attempt to cut their costs. Pompey are bottom of the Premier League and virtually certain to be relegated. The Premier League's decision is a turnaround after it rejected Pompey's initial plea in February. But in a statement on Wednesday, the Premier League said it had reconsidered after a board meeting last week. However, the Premier League has set the following conditions: 1. Players may be sold to other Premier League Clubs but may not play first team football for the new club before the end of the season. 2. Players may be sold to a Football League or foreign club, subject to Fifa's approval. 3. Portsmouth FC may enter into an agreement with another Premier League, Football League or foreign club that a player will be transferred to that other club in the summer. More to follow. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8585099.stm CHEATS! Link to comment Share on other sites More sharing options...
Perky1106 Posted March 24, 2010 Share Posted March 24, 2010 One rule for them and all that eh? :mad: They put themselves into this mess. Why should rules be bent to get them out out of it? The same measures certainly wouldn't be met if say a League One or Two team spent money they didn't have and went tits up. It's a joke. Link to comment Share on other sites More sharing options...
Day Posted March 24, 2010 Share Posted March 24, 2010 How much do we want Tommy Smith? getting on abit now, probably had his time in the Premiership. Would of thought under a million would seal the deal with Portsmouths debt, wages maybe a problem tho. Link to comment Share on other sites More sharing options...
Boycie Posted March 25, 2010 Share Posted March 25, 2010 The Prem and Footy League must be owed money for summart, no other reason why they would help that poxy club. Link to comment Share on other sites More sharing options...
froggg Posted March 25, 2010 Share Posted March 25, 2010 be better taking him on loan for a small % of his wages Link to comment Share on other sites More sharing options...
CumbrianRam Posted April 21, 2010 Share Posted April 21, 2010 Debts up to £120 million. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8634140.stm http://www.bbc.co.uk/blogs/davidbond/2010/04/buried_in_the_midst_of.html How the hell can they owe Spurs £1,000,000 for Asmir Begovic when Stoke bought him? If they don't have a points deduction next season I will be VERY shocked. Hell they even owe money to Florists, Milkmen and Schools. http://www.uhy-uk.com/media/news/PFC%20-%20Report%20to%20creditors%20Adobe%207.pdf Link to comment Share on other sites More sharing options...
vicky-27 Posted April 21, 2010 Author Share Posted April 21, 2010 They even owe nearly £1,000 to the local newsagents for papers,and the local school £14,000 for using their pitches - small fry i know compared to what everyone else is owed -but they won't see a penny of it - went through the lot on ssnews quite scarey really over 70pages of monies owed. - mind you the puka pie bill was cheaper than Boycies £44. Link to comment Share on other sites More sharing options...
trigger Posted April 21, 2010 Share Posted April 21, 2010 boycies 44 pounds is a drop in the ocean compaired to some fat uselees lump that i could mention. any guesses to who i might mean? Link to comment Share on other sites More sharing options...
MrOrdinary Posted April 22, 2010 Share Posted April 22, 2010 boycies 44 pounds is a drop in the ocean compaired to some fat uselees lump that i could mention. any guesses to who i might mean? nope havnt a clue didnt even no you could get a tab with pukka pies, very intresting i do like a good pie... Link to comment Share on other sites More sharing options...
CumbrianRam Posted April 22, 2010 Share Posted April 22, 2010 Porstmouth barred from entering Europe by The FA, thank God some common sense has prevailed. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8558580.stm Link to comment Share on other sites More sharing options...
MrOrdinary Posted April 22, 2010 Share Posted April 22, 2010 Porstmouth barred from entering Europe by The FA, thank God some common sense has prevailed. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8558580.stm from the FA? thats a bloody first Link to comment Share on other sites More sharing options...
CumbrianRam Posted July 15, 2010 Share Posted July 15, 2010 Portsmouth have suffered a fresh blow after Her Majesty's Revenue and Customs lodged papers in an attempt to prevent the club coming out of administration. Last month, Pompey saw a Company Voluntary Agreement (CVA) approved that would allow them to repay unsecured creditors 20p in the pound. Well done HMRC, hope the tax dodgers have pay every penny. http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8826344.stm Link to comment Share on other sites More sharing options...
Leeds Ram Posted July 15, 2010 Share Posted July 15, 2010 i hope they pay back everything they owe Link to comment Share on other sites More sharing options...
Day Posted July 15, 2010 Share Posted July 15, 2010 I bet the fans would give their left testicle or boob for Portsmouth to be in Derby's financial position right now. Link to comment Share on other sites More sharing options...
Leeds Ram Posted July 15, 2010 Share Posted July 15, 2010 yup i bet they would Link to comment Share on other sites More sharing options...
vicky-27 Posted July 16, 2010 Author Share Posted July 16, 2010 So how can they afford to do this ? :confused: Pompey's tour of North America is warming up at last after their marathon journey to the west coast. And the Blues yesterday found the heat was well and truly on as they left their base in San Diego for a training camp in Ventura. Steve Cotterill's men departed the Sheraton Suites in the city and made the three-hour coach journey up the Pacific Coast to their new temporary home an hour north of Los Angeles. The Crowne Plaza on the Beach will be where Pompey will be based for the next five days Link to comment Share on other sites More sharing options...
Boycie Posted July 16, 2010 Share Posted July 16, 2010 parachute payments for 3 years and increased amounts anorl. Link to comment Share on other sites More sharing options...
CumbrianRam Posted July 16, 2010 Share Posted July 16, 2010 parachute payments for 3 years and increased amounts anorl. They should pay the taxman first really. Link to comment Share on other sites More sharing options...
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