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Pompey out of administration

Discussion in 'Southampton' started by hotbovril, Apr 20, 2013.

  1. Dyslexic Saint

    Dyslexic Saint Member

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    This season you were still paying 5k a week for players whilst others were paying £500. You have not been punished for this seasons cheating.
     
    #41
  2. TheSecondStain

    TheSecondStain Needs an early night

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    With respect Jasper, that hardly matters. I'm entirely aware it was the parent company. The result ended up being the same. The question I asked was about the timing.

    And this is what I'm referring to. Truthfully, I'm not bothered whether Pompey get a -10 penalty now or never, for their misdeeds. What I want to see is consistency from the FL, and I'm sure other professional clubs would like to see it too.
     
    #42
  3. PompeyLapras

    PompeyLapras Well-Known Member

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    What other teams play their players is irrelevant as long as you can afford them. Otherwise you could argue Man U and Man City are cheating as they're playing £200k a week for players and most teams in the premiership probably pay £40k a week if that.

    As it turns out, we couldn't afford them so they were sold and we got much cheaper alternatives, nothing wrong with that. Though theoretically we should have been able to afford them as the Football League were ratifying any contracts and signings, so they should have not ratified them if they were beyond our range.....
     
    #43
  4. TheSecondStain

    TheSecondStain Needs an early night

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    One interesting part of the above link was that it was written nearly 4 years ago, to the day, on the 23rd April 2009. What a lot has happened since then.
     
    #44
  5. Big_Si

    Big_Si Active Member

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    Did anyone click on the old 606 link about us getting points docked. We were a very worried bunch back then! Its amazing to think how close we really were to folding to where we are now in only 4 years. Thank god for Marcus and Nicola.
     
    #45
  6. ImpSaint

    ImpSaint Well-Known Member

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    Like I said the other day. If the Lincoln one is anything to go by then way below 50% normal fans. Normal fans (trust) are Lincoln City's biggest shareholders with 26% and I think they get 2 'voices' on the board for that. The other 74% are 'high net worth individuals' and get the rest of the 'voices'.

    I don't see much difference with PST except that from what I see the 'high net worth' guys are included in the trust and not outside of it, however I would guess that it means the same thing, that the 'big boys' make the decisions and the 'little guys' are allowed a measure of 'quiet dissent' without ever being able to influence a decision.

    Good luck to them and I hope it works out. Didn't here, just a load of 'big boys' that are too small for their ambition. A bit like the difference between Pinnacle and Liebherr. One was scrabbling about to get the money together, the other said 'To whom should I address the cheque?'

    Good news though and hope it works out.
     
    #46

  7. fran-MLs little camera

    fran-MLs little camera Well-Known Member

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    Apparently the FL intend to monitor Pompey's books closely as part of the deal that gave them their golden share. A fan I spoke to was outraged as he said they hadn't done it before. My suggestion was that perhaps they want to prevent the problems happening again.
     
    #47
  8. saintlyhero

    saintlyhero Well-Known Member

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    They bitch about the fit and proper person test and the FL taking a back seat. If anything should come from the Pompey saga then it's better regulations to protect clubs whether that's from Billionaires or groups of good willing yokels.

    We've known from the start of the season that Pompey would be deducted 10 points and no doubt it's effected the club having that hanging over them.
    Think the FL got it wrong by not just giving the points deduction back in August, then there would be no debate.
     
    #48
  9. ----HistoryRepeating----

    ----HistoryRepeating---- Well-Known Member

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    If anything should come from the Pompey saga then it's better regulations to protect clubs whether that's from Billionaires or groups of good willing yokels

    __________________________

    And they should also rename the test the 'Fit & proper Pompey test' for good measure. ;)
     
    #49
  10. PompeyLapras

    PompeyLapras Well-Known Member

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    Agreed! I think we were hoping that by the time we came out out of admin, we'd be firmly in mid-table. So much for that.....

    I'm sure they said that before the first time we exited administration. And tbh, I'd have no complaints with that, it's probably needed to be fair, I think.
     
    #50
  11. Missing Lambo

    Missing Lambo Well-Known Member

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    I'm pleased it is settled at last, and I hope for a more stable future for our friends down the road. It must come as no surprise that the footballing authorities have been apparently inconsistent. Eye brows will be raised at Luton, Chester et al. If there was some transparency in the whole business it would help.
     
    #51
  12. fran-MLs little camera

    fran-MLs little camera Well-Known Member

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    Hope they have the sense to keep Whittingham as manager. They don't need a high profile manager...they need someone with lower league experience.

    Meant to add that he was respected player and manager at Newport, so knows a bit about nitty gritty football.
     
    #52
  13. Dell Boy

    Dell Boy Well-Known Member

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    WHich ''high profile' manager would go there? Even Branfoot would turn his nose up at that lot.
     
    #53
  14. I am the Hermanator

    I am the Hermanator Active Member

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    The aim for PST ownership is 51%. This was based on 75% of the initial 2000 pledges being converted. The web chat with our new chairmen confirmed that we have 1.85mil already converted, way over the 75% plus more people pledging and converting. The day after we won the court case, someone came up with 50k.

    On the PD, I don't know why Luton are getting involved. It is nothing to do with them and their PD was for completely different reasons. The FL clearly stated that the PD will be applied when we exited admin. If other people find that unfair, then take it up with them.

    Earlier in this thread I saw that our running costs were based upon 15k each week. WRONG by a country mile. The break even figure for this season was 11k. We averaged 12322. No problem there. For next season, the break even figure has been lowered, obviously to around 8k. It wouldn't surprise me at all if we have that many STH.

    As for some PFC fans saying lets buy some players etc tc. The few that say this are doing ironically, just the same as some are saying when can I start picking the team. Having met our new chairmen and 2 of the HNWI, the plan is to invest any profits made back into the club. Seeing as previous directors haven't done so, we are left with the job of building the club from the ground up. Don't let the views of one or two PFC fans form your opinion.

    Lastly, some of you including some wierd PFC fans seem to be questioning the motives of the HNWI and wondering who will running the club. Simple, the PFC board will be made up of PST board members 2 of which are HNWI. Note that all but oen HNWI are PFC fans, season tickets, away games the lot, and are all members of the PST. Just because they are rich doens't mean they are in it for themselves. As it happens, any member of the PST can run to be a PST board member and as such a member of the PFC board. I could do it if I want but 4 1 I lack the time, and I woudl be a crap board member. I.E It is illegal not to bring flares and smoke bombs, and if you sit down you will be ejected from the ground.

    I can understand why some are still on the fence about this form of ownership. It is brand new. Only time will tell, but I have the utmost confidence in the people who will be running OUR club. I've met them, I've seen the pride and joy on their faces when the deal was signed.

    It ain't gonan be easy. Just as takign over the club wasn't easy. There will be bumpy roads ahead, people will get pissed off when things don't go quite our way. But we are Pompey, we never stop fighting, we will never die.

    PLAY UP POMPEY
     
    #54
  15. SAINTDON13

    SAINTDON13 Well-Known Member

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    Good luck with that, whatever happens.
     
    #55
  16. st_brendy

    st_brendy Well-Known Member Forum Moderator

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    Good to see that Jasper knows what he is talking about. Some of quite obvious Saints bias/Pompey hate is quite painful on here.

    As saintlyhero, if the FL had just deducted the points back in August, as they should have done, then there would be no debate now. Why on earth they said "ok, actually, you know what, keep them for now and the moment you exit administration that we'll deduct therm" I've no idea. It was a strange, and completely needless, decision back then and it always continued to be that.

    However, FL have now done exactly what they said they would do - and hence there's nothing to start making a fuss about. They never said anything about the deduction being conditional on POmpey having not already been relegated, and the points deduction is not for entering administration in the first place (that was last season) - thus it bares no comparison to our situation.

    It just looks very strange (because, yes, the deduction doesn't now have any impact), and that is the FL's fault for not deducting the points when they were meant to.
     
    #56
  17. ImpSaint

    ImpSaint Well-Known Member

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    But it isn't 'brand new'. Many clubs have had to go this route. It only ever works if the board (including the HNWI) can restrain their obvious passion for the club and ambition. These sort of deals can very quickly turn into pipe dreams that go badly wrong. There are a few exceptions but only where the board have been sensible about what can be achieved and on what timescale and not got carried away with plans and ideas of a return to whence they came.

    I wish you all luck and that you don't end up in the Bl Sq next season :) L2 is a very very tough league. Best get chatting to Cortese & Poch now because L2 is won or lost by quality loanees :)
     
    #57
  18. CBK

    CBK Well-Known Member

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    51% is owned by the PST, so who owns the other 49%?
     
    #58
  19. PompeyLapras

    PompeyLapras Well-Known Member

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    I do.
     
    #59
  20. I Sorry I Ruined The Party

    I Sorry I Ruined The Party Well-Known Member

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    Pompey complained that the points shouldn't be deducted prior to the season because it would hurt the club. So the FL let the points come off later (which they shouldn't have done). Then PST complained that deducting the points unfair because they'd been punished enough for having to play with the specter of a points deduction hanging over their heads. Well, whose fault was that?

    I agree that the FL is useless and incompetent. But Portsmouth wasn't screwed over by the FL. They only continue to exist because of the FL. They spent too much and went bankrupt. Any other business would be finished.

    That said, I'm happy for the Portsmouth fans. But they are out of excuses now. They supposedly own the club now, and if they can't make it run (which I don't they can, frankly) then they have no one to blame but themselves although I'm sure they'll find someone.
     
    #60

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