The Lithuanian Bank Snoras has entered Administration, majority shareholder...Pompey owner Vladimir Antonov http://www.zolfocooper.com/publications/europe-media-statement-regarding-ab-bankas-snoras
No it is their parent company. Oh wait a minute something about that is niggling away at the back of my mind!
To be fair, before you start jumping for joy, Antonov is only a third of our owners I believe. Hopefully that makes a difference.
Oh blimey it could only happen to Pompey.....! I really do feel for them this is a bit ridiculous.......Not good at all!!
I desperately want them to crash and burn and receive proper punishment for it this time. I don't want to see them get off scott-free like last time.
what peed me off last time is they got the penalty in the season when they wouldve already gone down. I seem to remember a team pretty close in location got theirs held over to the season after due to this. Me thinks they should've had the same outcome r.e. that deduction. Anyway I think if they lose 10 this season they'll still finish just above the waterline. That is if their still ludricously high wage earners don't all jump off the boat!!! Hope they don't go out of business totally because more than half of my family are devoted Pompey fans. In fact that's probs half their attendance however I do hope they get the kind of punishment we got. Will do them good to work their way back up shedding all the baggage of silly wages et al.
From what I can remember regarding the points deduction, if a team goes into administration before a certain date, it is applied for that season. If they go into administration after that date, it is carried to the next season. I think the date is sometime in February. And we've been getting rid of lots of our high wage earners: Nugent, Brown, Hughes, Wilson, James, etc. We probably only have a couple left!
From what I read the deduction would've been applied during the season had Saints managed to remain above the bottom four thus relegating them. If I am right in my thinking (and may not be) the penalty is only administered in the current season if it has a consequence. deducting 10 points from a team already relegated is pointless therefore they held the penalty over to the following year. With Pompey even if they had not been deducted the 9 points they would still be down therefore making absolutely no difference. However I cannot say this is fact. Just what I seem to remember from that time.
Well, I dunno what the details were for Southampton tbh. Two possible reasons to explain the difference I think, either the Football League and Premier League have different rules regarding administration OR because Portsmouth went into administration so early in the season with quite a lot still to play, you could argue that the nine point deduction had an impact on morale and had Portsmouth not received a deduction, would have been closer to getting out the bottom three and potentially could have made it.
