We're on the football rich list, 5'th in the country i think( that was 2010/2011) so may have changed a bit, but back then we was the 5'th richest club in england. so just relax & smile when some of our fish friends mention finances!
Indeed. Put into very simple terms by Markus Liebherr himself. If you remember, he said, ...while I am the owner, this football club will never need to use the loan services of banks... That means that any debts incurred by the club are purely ones that the company owes itself. Effectively making the club debt free.
Visiting the snooze website is a very dangerous thing. There you will read mischievious untruths, foul mouthed insults and nasty language used to describe people by people with names like scumbasher and scumthumper and things of that ilk. What you will never read there is calm, reasoned, intelligent, informed and articulate debate on south coast football. So be warned don't ever go to such a nasty place again stay on not606 where all the intelligent football supporters of both Saints and Pompey hang out. PS I will for fairness sake also suggest you do not read the Echo comments for the same reason.
Apparently we have to pay a former creditor 4 million if we get to the PL before 2015/6. Wonder who that is? Presumably someone who helped us out in bad times but wanted some money back when we were in good times.
The person that wrote this desperate account of our finances to try and deflect the truth away from that of the blue few also forgot to mention the small fee that we received for the sale of AOC to Arsenal. I read that on the news site yesterday and was amused at the intelligent and unbiased views on that site.
