None of this is the fans fault but last time they went into admin and got taken over they were shouting from the rooftops about signings and getting promoted out of the championship! They basically showed an absolute disregard over the existing C.V.A they had in place and all they could think about was spend spend spend again. I'm sorry but this ship sailed once before and fair enough it wasn't their fault C.S.I were crooks but the fans couldn't just let the team go out with youngsters like we had to. I didn't hear from any Portsmouth fan saying sod all these players on high wages and let the kids play all we got was"'we will stay above you scummers and you will forever be in our shadow" guess what the worm has turned! Its taken a very long time for pfc to get to this position by hanging on to these big earners when they should have got rid straight away. Teams can only dream of spending the kind of wages pompey did in the championship and the truth of it is it was all money they didn't actually have! I don't want pompey to die completely but they need to be willing and able to play the kids and play players on cheap wages and just think about surviving, league status doesnt matter as long as you are in the league you still have a club and should be forever grateful!
Eh, you know what I meant, what I meant to say was "How can you have found it boring?" Certainly I think every Portsmouth fan on Not606 does find what our ownership has been engaged in so abhorrent, why do you think Chainrai's so unpopular? Though I feel it's important here to make the distinction between Portsmouth Football Club and the board of directors and owners as it is the latter who involved in all the awful decisions: the over paying of players salaries, screwing over the local community and charities, etc. I didn't make any generalisations in the post you quoted? The only thing that can be classed as generalisation is the assertion that most Portsmouth fans were supportive of Southampton the old 606, but that's based on what I can (vaguely) remember. There have been plenty of forummers who have use such terminology in a serious rather than mildly mocking way. At the end of the day it's the intention of it's usage that determines whether something is offensive, not necessarily the terminology itself so as I was unsure if you meant it in a serious way. So yes, I'll concede this point. Well, again this really comes down to making a distinction between the owners who have acted in totally unethical manner and the club itself (which is far bigger than just being the board). Frankly, any reasonable Portsmouth fan will no doubt be incredibly embarrassed by what previous owners have done in the name of our club, I know I am. To be fair, I agree. Our club's reputation has been utterly destroyed, and I've been in favour of Plan B (re-forming) for months, although unfortunately it's too late now for this season (And I'm aware you don't mean me personally).
Just a second, were in danger of being pots criticising the discolouration of kettles. Yes, in my opinion Portsmouth fans deserve what they get. They enjoyed it when their club was living large, now they have to endure the bad times (as we had to when we went on a spending splurge under Wilde and Crouch). However, to blame them for not questioning the clubs spending is hypocritical. Reading between the lines, Southampton have been living well beyond our means ever since Liebherr took over (cross ref, the recent story of debt being converted into equity). Also, those who are criticising Portsmouth for signing players on big wages so soon after coming out of administration, well 6 weeks after we came out of administration we signed Rickie Lambert for £1 million, and we didn't pay his wages in Buttons, magic beans and KFC bargain buckets either. We just got lucky in having owners who weren't Russian gun runners or mobsters. All football fans would do well to remember Ozymandias; And on the pedestal these words appear: "My name is Ozymandias, king of kings: Look on my works, ye Mighty, and despair!" Nothing beside remains. Round the decay Of that colossal wreck, boundless and bare The lone and level sands stretch far away.
Forget the club's reputation for now because I feel that the PST if able to take over will prove to be a much different proposition to previous owners. Apart from anything else they will have their hands tied by the FL. I think that having been so close to extinction this season will be just a case of staying alive. If they can sign most of the trialists they might be able to reach a reasonable position of safety which would be quite a feat in itself.
wisescummer we never had a C.V.A to work around because our debt was paid in full by the Liebherrs. The fact they wrote off our 'debt' recently is not the same as portsmouth's plight has ever been that's just how our business is run. We went through 2 years of playing kids and we still bring them through now, we just got on with things and didn't play our violins! To be honest im not going to lick portsmouths behind like alot of you on here because i just cant find it in me.
In one case you had a football club buying players whilst "owned" by the son of an arms dealer who had no obvious source of his own income and they were buying England internationals and paying them £50k+ a week. In the other case you have a football club buying players whilst owned by one of the most wealthy cash rich families in europe. The Liebherr business ethic is based upon having no debt and no borrowing. Transferring the capital investment to buy Saints into equity is a perfectly normal business thing to do. All above board & transparent. Difference.
I'm not saying the conversion of debt to equity is the same as a CVA, just that it indicates that we haven't been living entirely within our means. I only remember one year of playing kids, then it was back to signing players on decent wages for (comparatively) large amounts of money.
Not really, both clubs are guilty of living beyond their means. We just got lucky that our owner wasn't a Russian gangster. If the Liebherr family had decided to pull the plug after Markus died we'd have been just as deep in the brown smelly stuff as Portsmouth are now.
Not quite because we were an asset and had assets and would have been sold as such...however, we could have been subsequently bought by someone dodgy.
This really is getting off topic but Cortese has said that he has other backers lined up should the Liebherr family decide that they no longer want to be involved (but they have never shown less than full backing). But you are right on one thing that we were pretty damn lucky to get Markus and Nicola. Extending your argument would suggest that every single football club is run beyond their means, which is arguable but most of them seem to be surviving.
wisescummer you are starting to sound like the countless wummy pompey fans on other forums and boards! We have what we have and its fantastic, buying fresh young hot talent and really really investing in the youth and all of our training ground. Portsmouth have invested in......well other than high wages that in truth they couldn't afford what have they invested? What was once a proud football club has let success get to them and that's fans included!
I think the fans deserve what they get, and i'm very happy to indulge in some schadenfreude. However, saying the fans should have been questioning the clubs spending is the height of hypocrisy, for the reasons i've outlined above. And yes Qwerty, the vast majority of clubs (even in the premiership) are living beyond their means, and at every club fans are constantly calling for more spending.
The side playing at Plymouth last night had no sponsor name on the shirts, have jobsite ceased to sponsor?
Bloody hell, don't have a go at him for being reasonable. If someone has a differing view to you, that makes them a wum from your rivals? Apparently we've signed a new contract with them, I guess maybe it was agreed quite late and they weren't sure who was going to be the sponsor so had left it blank.
His view about Saints dealings are the exact same to the ones shared by pompey wum's. We were constantly being told that the Liebherrs werent all they seemed and the club had major debts yet low and behold the Liebherrs wrote it off. Im really struggling to see how we are/were bragging about money we didnt have like alot of pompey fans did when C.S.I took over. They have had their cake eaten it and now they realise it wasnt the red velvet they were expecting.
Chanrai has done the right thing, nobody wanted him. I just cannot believe that the receivership situation has been allowed to drag on for so, so long. I mean what egg-on-face for the FL to have a team in receivership at the end of one season, and though accepted into the next season they are still in receivership. What happens if Pompey cannot fulfil their games, or if they only have a senior squad after 10+ games? This is a shadow on the way the leagues are run and governed and bodes I'll for the future!
Isn't there an additional points penalty for starting a season in administration? Perhaps we need to ask Bournemouth fans, I believe that's how they were buggered into a 17 point deduction...
Bournemouth, Leeds and Luton were all shafted with heavier points deductions than Portsmouth yet their debts between them actually their combined debts between them probably doesnt even scratch the surface of pfc's. Im fed up of hearing from the fans saying we have been through the mill dont you think we have suffered enough? Rules are rules and pompey have broken them more than once!
Fab was for girls, it had sprinkles on it, Fran will bear me out on this. Zoom was a boy's lolly. I think it had an orange base, a yellow middle and a red tip.
