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Pay up Pompey

vicky-27

By vicky-27
in Football Forum

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p.shilton

p.shilton

Posted
Posted

Coventry have started to win a few now.

Yep, lets hope they can pull it off, would be perfect. Never really liked Cov but a mate of mine is a fan and came to the match at PP and had a chat about the club, the owners etc and now I have a soft spot for them. Bottom 3 of Donny, Florest and Pompous would be great! I do feel sorry for Deano though....

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uttoxram75

uttoxram75

Posted
Posted

Yep, lets hope they can pull it off, would be perfect. Never really liked Cov but a mate of mine is a fan and came to the match at PP and had a chat about the club, the owners etc and now I have a soft spot for them. Bottom 3 of Donny, Florest and Pompous would be great! I do feel sorry for Deano though....

must admit, it would seem as if there was a god if pompey and forest went down.They've both cheated by paying stupid wages that they couldna afford.

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uttoxram75

uttoxram75

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Can't afford a scan for Liam Lawrence 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/ohmy' class='bbc_emoticon' alt=':o' />

Portsmouth plunged back into administration - then revealed that even their £40-a-month Sky TV feed has been cut off.

With their bank account frozen until administration was confirmed in the High Court, the Championship side paid a heavy price for not paying their domestic bills.

Pompey’s players showed up for training before this weekend’s trip to Barnsley only to discover the padlocks had been changed on the containers where all their playing equipment is stored.

Manager Michael Appleton, who has only nine fit players for the match at Oakwell, said: “The owners of the containers have not been paid - and our Sky TV went earlier in the week.”

Pompey also could not afford the £400 they needed to get midfield player Liam Lawrence’s calf muscle injury scanned.

The High Court heard how Portsmouth owed £2million tax and £2m to other creditors, including West Bromwich Albion, Wolverhampton Wanderers and Bristol City.

They also owe £80,000 to Portsmouth council, while Southern Electric are threatening to cut off their supply unless they are paid in full.

Portsmouth hope their bank account will now be unfrozen so that they can pay their creditors from the £1.3m they are receiving in an advanced parachute payment from the Premier League.

The successful application to go into administration means the winding-up order brought by the tax authorities, HMRC and due to be heard on Monday will not now go ahead.

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Donny Ram

Donny Ram

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We all seem to forget that lots of business's in other industries are going in to administartion on a daily basis, football is just another industry and it is enevitable that a few clubs will go in to administration. What we need is for a few clubs to be liquidated rather than the current let's find a buyer, exit administartion and carry on just 10 points worse off. Liquidate a few clubs and let them start from the bottom tier of football if they wish, make it more difficult to simply conduct your business in a un-businesslike way.

I feel sorry for the fans of these clubs but a clear message needs to be sent out that administration should impact on football clubs as it does on the rest of the business world. Under the current preferred football creditor rules it is all too easy for clubs to take the 10 point deduction, pay the footballl creditors and ignore other debts apart from 5p in the pound, if you are lucky.

The whole of sport needs to get it's act in order and the sooner financial fair play coupled with a review of the preferred football creditor, "unfair rules to non-football creditor", rules are sorted out the better for fans everywhere.

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Day

Day

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George Thorne has rejoined Championship strugglers Portsmouth on a one-month loan deal from West Brom

[url=https://twitter.com/#!/SkySportsPeteO/status/170922945244430336]https://twitter.com/...922945244430336

Can't afford a scan for a player or milk for a cuppa but they can still sign players. 'http://www.dcfcfans.co.uk/public/style_emoticons//huh' class='bbc_emoticon' alt=':huh:' />

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CumbrianRam

CumbrianRam

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George Thorne has rejoined Championship strugglers Portsmouth on a one-month loan deal from West Brom

[url=https://twitter.com/#!/SkySportsPeteO/status/170922945244430336]https://twitter.com/...922945244430336

Can't afford a scan for a player or milk for a cuppa but they can still sign players. 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/huh' class='bbc_emoticon' alt=':huh:' />

Thought they were under a transfer embargo!

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BorneoRam

BorneoRam

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Birch continued: "To put it bluntly, Portsmouth Football Club has a Premier League cost base but only Championship income. This is not a sustainable situation and one that needs to be addressed urgently if the club is to continue to exist.

I'm behind on this I know but isn't this exactly what they said last time, unbelievable - when will we know if 10 points is the maximum penalty - given it is so close together and they clearly failed to heed previous warning surely it should be more...

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trekkie_ram

trekkie_ram

Posted
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^^ Presuming they're still around to play it.

2nd administration in 3 years - Nigel's right, 10 points isn't enough, clearly the lesson wasn't learn't the first time around.

I don't tend to be a member of the grammar police, but I think that is the most beautiful wrong word I have ever seen.
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CumbrianRam

CumbrianRam

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Portsmouth may not have enough money to finish season

Portsmouth administrator Trevor Birch has admitted the club may not have enough money to see out the season.

Birch addressed fans for an hour at Fratton Park on Wednesday, a day when 30 members of staff were made redundant.

However, he says he was left with little choice but to make cuts as he tries to ensure the club's remaining money lasts as long as possible.

"We are struggling to make the end of the season," Birch told BBC Solent.

Trevor Birch meets Pompey fans - key points

  • The club are struggling to have enough money to make it to the end of the seaso
  • Chief executive David Lampitt was let go for financial reasons (as with the 30 other redundancies
  • Trevor Birch not expect to make any more redundancies.
  • The Football League will not let them bring in any more players in unless they go down to 14 fit players
  • A players' representative will meet with Birch on Thursday where Birch will ask them to defer some wages until end of season
  • Birch will decide who the club is sold to and not creditor Balram Chainrai
  • Administrators are open to the idea of a supporters trust buying the club.

Portsmouth entered administration last week for the second time in three years, for which they were docked 10 points by the Football League to leave them in the Championship relegation zone.

Players and staff have not been paid since December, and chief executive David Lampitt was made redundant on Wednesday along with other senior members of staff.

Birch also revealed that he will meet with a players' representative on Thursday and the squad will be asked to defer some of their wages until the end of the season.

Pompey's administrator also told fans he will make the decision over whom the club is sold to - rather than major creditor Balram Chainrai, who is owed £17m.

He hopes Wednesday's redundancies will be the last at the club.

"It was a purely economic decision that we had to make," Birch said.

"We have a very small amount of money that we have to stretch out for the rest of the season and David and his fellow directors have joined with other redundancies that we have had to make.

Use accessible player and disable flyout menus

"I feel sorry for them as they have all worked so hard over the past few months in difficult circumstances, but we have to try and get to the end of the season.

"That's it now in terms of the redundancies. We don't expect any more; we do it in one foul swoop and hopefully that will take us through to the end of the season."

Pompey's squad is thinning by the week with injuries also limiting manager Michael Appleton's options, and Birch revealed that the Football League will not allow them to bring new players in.

"The cash available is worse than we first feared," said Birch.

"Some of the bits of assumptions that were made in terms of income to take us forward we've now taken a more conservative view on that. We've got to conserve the cash to make sure it takes us through to the end of the season.

"The Football League will not let us bring any players in and they don't want us to have a competitive advantage when we still owe clubs money.

"If we have less than 14 fit players then they will allow us to bring someone in."

Birch is open to the idea of a fans consortium buying the stricken club, adding: "We won't rule out at all a supporters trust buying the club if that is the best game in town and certainly we will look at it. They can bid on their own or along with another interested party."

[url=http://www.bbc.co.uk/sport/0/football/17137954]http://www.bbc.co.uk...otball/17137954

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CumbrianRam

CumbrianRam

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Posted
Birmingham City have signed Norwegian striker Erik Huseklepp on loan from Portsmouth until the end of the season.

Portsmouth went into administration last week and off-loading Huseklepp will reduce the club's wage bill.

On Wednesday Portsmouth's administrator Trevor Birch announced 30 redundancies were being made at the club, though none among the playing staff.

Huseklepp, 27, joined Portsmouth from Bari and has scored six goals in 27 Championship appearances this season.

He has won 26 caps for Norway, scoring seven goals.

http://www.bbc.co.uk/sport/0/football/17141797

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