Would each team be awarded 6 points? or would the games be void? How will it affect us? http://www1.skysports.com/football/news/11688/7557653/Pompey-may-not-finish-season
Not another Pompey thread on this subject ? Its getting like Bullard all over again. Pompey will finish the season Even if the tea lady and ground staff have to play. Take your boots on the 27th and you may just get a game.
If they dont finish the season all the points teams have taken off Pompey will be taken away and it will become a 23 team league until next season
Highly unlikely that will happen. But maybe you could send Matt Mills down there with any other Pearson naughty boys.
I said that, rather then send him to Leeds with us paying his wages send him to pompey and we still pay the wages. Mills has turned Leeds down anyway. I cant see how they will get through this time because they have already had all the parachute payment money in advance from the last time they was in admin. Its there own fault this time because they paid nearly 1M to sign Luke Varney and gave Benjani a contract on 30K a week. I still feel sorry for their fans
True. Absolutely ridiculous ownership signing all those players and others on such big deals when they were already on their arses. I kept wondering how they were getting away with it at the time and now it seems they weren't
More players will leave thats all they can do. Get the wage bill down and limp to the end of the season. There must be a few players who would go there to get game time at least as long as the parent club pays the wages. As to what happens in the summer well thats in the Lap of the Gods.
No they haven't. If they had then the PL couldn't have given them a £1M advance on the next payment a couple of weeks ago. (They gave us Blackpool and the rest of the parachute clubs £1M advance as well, and the rest of the clubs got a proportional advance on the "unity" payments). As far as the table without them goes, I've got it on the laptop so I'll post it later if I remember. I don't think we're particularly hurt by it because most of the other clubs around us have also beaten Pompey. If I remember rightly Bristol City lose out, someone down that end any way ends up closer to the 2 team drop zone than they are to the 3 team one we've got now.
They recieved last seasons money when they was in the prem and its seems they wont see their parachute payments now either http://www.bbc.co.uk/sport/0/football/17219854 Any players at Pompey you fancy? Norris, Halford, Henderson, Futacs, Varney, Pearce Me i wouldnt mind Futacs at Leicester
We wanted Norris in the summer but they offered him more (see my previous post about mad wages). Obviously it was NP who wanted him not Barmby so maybe you'll have a look.
4 payments = £2.2M There's something dodgy about that. Firstly I don't see how parts of the original CVA can be enforced if other parts aren't, the whole reason they're in admin is because that contract has been breached, and how come the administrator is apparently only just picking up on this? Secondly, are they paid weekly or something, because it's £16M they receive in total this season so it's about £2M a month. 4 payments seems a bit much. Just for information, it was 13th February they announced the £1M advance: http://www.bbc.co.uk/sport/0/football/17013408
Something has massively gone wrong with Pompey. You have 24M gone missing at Rangers and now somehow Aston Villa have announced loses of 54M. Clubs cant carry on spending beyond their means. I dread to think how ours is going to look
The £24M at Rangers hasn't really gone missing it's been loaned to the parent company, so the administrators don't have access to the paperwork. I've not covered the area enough yet, but I'm not sure it's automatically illegal for a parent company securing a debt against future income from a subsidiary. It doesn't strike me as any different to an individual saying they own a business that will have an income and securing a personal loan against their ability to distribute that income to themselves. Of course there are illegal ways of doing that, and it probably is dodgy in this case, but I think they're more being investigated on that over what the money was used for than the actual borrowing of it. Where your books are concerned, we had a £22M loss last season (rather worrying when existing debts being paid aren't recorded as a loss) so your challenge is to "beat" that.
Under normal circumstances possibly, but with a football club there's so much of the finance tied in to completing the season it's better to return to admin til the summer and take it from there. Off the top of my head credit card companies don't release season ticket money until certain stages of the season (as they're also liable for the lost money if a club goes bust), and about half the TV/prizemoney is paid out at the end of the season. You've also got player registrations, if you hang on until a transfer window you can attempt to sell the players, if they fold now they'll be free agents when the window comes.
Each team would lose the points that they gained versus Portsmouth - its likely that we will know the outcome shortly - they cannot fulfill their season games!
Port Vale also may have to go into admin. The Taxman Cometh. Pity, it's the only football team in Stoke. Talking of which, where's our Swedish supporter gone?
The number of clubs could rise to 8 IF the HMRC gets there way. The train wreck that is football could well take a few more clubs. Hold onto your hats as its gonna be a bumpy ride.
