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The Administration Thread


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12 minutes ago, Van der MoodHoover said:

Top lads those pompey fans. Looking forward to a trip there. Back to the 90s ?

Preferable to the ones trawling down Normanton Road in the 80's, although it's fair to say they regretted that decision rather quickly.  Attacking an  arcade full of 15 year olds was their 5 minutes of glory.  Downhill from there. 

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Edited by Gee SCREAMER !!
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6 minutes ago, Gee SCREAMER !! said:

Preferable to the ones trawling down Normanton Road in the 80's, although it's fair to say they regretted that decision rather quickly.  Attacking an  arcade full of 15 year olds was their 5 minutes of glory.  Downhill from there. 

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That would have been the old 6.05 special mob. 

Never had any issues when I've been down their place. Which is in a similar area to the old BBG. 

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10 hours ago, Van der MoodHoover said:

That would have been the old 6.05 special mob. 

Never had any issues when I've been down their place. Which is in a similar area to the old BBG. 

It always used to get a bit moody down the alley at the back of the away end, particularly if they were doing well, but it never used to come to anything. Lively place for a night out too. 

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Caught up with an article in the athletic and all the comments from obviously misinformed rival fans who from some of the comments didn’t read the article. Usual theme think about the tax man, needs to be made public what we have/haven’t paid etc.

However the main crux of the article is Clowes has paid c£60m all including £3.7m for Q and £22m for stadium.

I can’t remember where our football debts and unsecured creditor debts stood but didn’t think they were huge, HMRC was anything between £29m-£36m. Taking away Q and Stadium, that’s £34.3m towards paying off the debts. Assuming football creditors 100% and unsecured creditors 25% and Mel got nothing (except paying off MSD),  I can’t see any scenario where HMRC has got less than 50%, potentially could even be 66% or 75%. 

So in other words these rival fans can jog on as this would be by far the biggest percentage of debt paid off in recent administrations. 
 

Not that it matters now anyway.

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On 09/07/2022 at 09:27, Ram Bam said:

https://www.dailymail.co.uk/sport/football/article-10996387/AHEAD-GAME-EFL-fury-BBCs-20m-Champions-League-TV-deal.html

Daily Mail article by Matt Hughes so take it how you want but apparently we've got a wage budget of 8 million this year compared to 12 million last year.

 

Any idea what that's likely to get us?

That figure must be based on a % of projected income, either 60% or 70% surely? It wouldn't make much sense to set a fixed maximum figure when it's uncertain as to what the club's income is going to be before season tickets had even gone on sale. And why, having satisfied all of the EFL's conditions for exiting Administration should the club be restricted to a lower % of turnover than even existing L1 clubs? And what about Football Fortune income, which by its very nature is unpredictable? What are we allowed to spend that on if not improving the squad? 

This looks like the Mail trying to create a story that's more dramatic than "Derby restricted to same % of income as every other club". I'd be very surprised (and annoyed) if we're being held to an overall wage limit that bears no relation to our actual income. 

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On 09/07/2022 at 09:27, Ram Bam said:

https://www.dailymail.co.uk/sport/football/article-10996387/AHEAD-GAME-EFL-fury-BBCs-20m-Champions-League-TV-deal.html

Daily Mail article by Matt Hughes so take it how you want but apparently we've got a wage budget of 8 million this year compared to 12 million last year.

 

Any idea what that's likely to get us?

That can’t be true surely? Is doesn’t make any sense 

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On 09/07/2022 at 09:27, Ram Bam said:

https://www.dailymail.co.uk/sport/football/article-10996387/AHEAD-GAME-EFL-fury-BBCs-20m-Champions-League-TV-deal.html

Daily Mail article by Matt Hughes so take it how you want but apparently we've got a wage budget of 8 million this year compared to 12 million last year.

 

Any idea what that's likely to get us?

£8m is roughly 40-50% of our revenue without any sales, obviously if it’s a hard wage cap then it makes life a little more difficult as any sales effectively means we’re unable to reinvest. It also makes it hard for us to extend anyone, like Knight, even if he wanted to as that’s likely to be out of our budget.

£8m is competitive in League One though, roughly In-line with what Charlton are spending. 

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On 08/07/2022 at 22:25, Gee SCREAMER !! said:

Preferable to the ones trawling down Normanton Road in the 80's, although it's fair to say they regretted that decision rather quickly.  Attacking an  arcade full of 15 year olds was their 5 minutes of glory.  Downhill from there. 

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The 657 did a Recky early on in the day, Wow did they c*** up, They thought it would be a walk in the park, Every West Indian came out with Swords, Bats, Knives and to quote one Norwegian commentator "you took one hell of a beating" Once the 657 were despatched the local community carried on with the mayhem and made a mess of Normanton.

 

 

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Unaware of what had gone off earlier in the day, we walked into a mob of West Indians on London Road and a couple of mates got badly beaten up. It wasn’t your usual football fan fight, we thought we would be ok because we knew they weren’t Portsmouth fans, but we didn’t know they were just out for revenge and any football fans would do.

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48 minutes ago, Ambitious said:

£8m is roughly 40-50% of our revenue without any sales, obviously if it’s a hard wage cap then it makes life a little more difficult as any sales effectively means we’re unable to reinvest. It also makes it hard for us to extend anyone, like Knight, even if he wanted to as that’s likely to be out of our budget.

£8m is competitive in League One though, roughly In-line with what Charlton are spending. 

The whole point of the 60% limit in League 1 is to make clubs sustainable and live within their means. And the whole point of a post-admin enforced business plan is to make sure a club doesn't fall into admin again (i.e. the business is not a punishment, it's more like a safety net).  If we genuinely are restricted to 40-50% (and given it's the Mail, I'm far from convinced), then either the EFL do no believe 60% is a sustainable figure so they should change it for all clubs, or they are punishing us when the rules suggest they shouldn't.

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