http://www.bbc.co.uk/sport/0/football/18958234 Sounds like Pompey are in danger of going to the wall again. Feel for the fans of the club having to put up with all of this, surely the best thing for them to do now is start again from scratch and rebuild the club rather than putting up with the constant financial farce.
they should also be stripped of the FA Cup and forced to pay us, the tax-payer, every penny they owe us when the newco is formed in the solent sunday league. i can't believe that they were still shafting the tax payer last season by signing players they blatantly couldn't afford
They only have themselves to blame really. Why come out of administration once, and then go sign players on ridiculous wages again. You're asking for trouble doing that. At least we didn't carry on signing players like Bullard when we came down. We just had them sticking around and couldn't get rid of them I mean Pompey really need to learn from their mistakes this time. Reform and start again. It would also be better for the fans as Mussiesredhat mentioned, instead of them logging on to see their Club under the spotlight for the wrong reasons all the time.
This infuriates me so much. Media going on about Pompey having these 8 players left and fail completely to point out that Norris, Kitson and Lawrence were signed last year. The FA deserve as much stick for sanctioning transfers. I haven't got a lot of sympathy for Pompey. I don't even care about the "Think of the fans" argument. If we were in that position, then sure, I'd be absolutely gutted but we'd deserve it. Too many people have stood idly by and let the situation happen. I've got no sympathy for anyone apart from the poor sods trying to earn an honest living from the staff at Portsmouth to the businessmen they stole from time and again.
Apparently kanu has put in a claim for 3 mill the club owes in unpaid wages. The administrator has been slagging off the senior players because their wages are crippling the club. Ben hail came out with a valid point that the administrator is paying himself as much as the players are getting. Edit, that should say Ben haim, stupid predictive text
I suppose with the sympathy towards the fans view on Pompey, it's because they have had to watch their Club sign players like that and destroy itself. Then again, if they're this 'massive voice' that they constantly bang on about, then they should have got the OSC to do a protest about the board's transfers. Although that may not have done much really when thinking about it...
Agree with this. Why can't the FA place transfer embargos on clubs with such dodgy finances? They clearly need to do more to monitor clubs' finances and act upon them when they start getting dodgy. They shouldn't have let us sign the likes of Ghilas or Olofinjana either.
This the club that won the FA cup with its crazy finances That's a **** of a hangover they've got down there!
We signd Ghilas and Olofinjana (and Hunt) within about a week of the financial year for our first PL season ending, and 2 or 3 weeks before we had to sell Turner. Is there a particular way you think they would have been able to know we were in trouble? Clearly once we sold Turner for peanuts and brought in an expensive loan replacement alarm bells should have rang, and then an embargo could have been placed (in principle, not saying they actually could). But by then the damage was done, and we effectively applied a transfer embargo to ourselves from that point on until we were relegated.
I know they have to legally submit accounts annually, but why can't the authorities demand to see more frequent numbers? Surely they can apply what rules they like for their members?
No sympathy at all. They were in a financial mess and they still managed to outbid us for players by offering inflated wages. Self inflicted.
To an extent yes, but if you start applying embargo's based on projected figures before there's actually been issues with payment you hit on a problem. It doesn't allow for the intentions of the owners/creditors. In the season we were taken over we reported an £18M loss and had debts of either £40M or £50M secured (only partially at this point in time) against all our assets, we're also expecting it to have been another loss making season when this year's accounts come out next year. Our accounts probably look worse than Pompeys at the moment as their initial humongous debt was reduced by the original CVA. Now if you're wanting a preventative transfer embargo to have been applied to Pompey, we would have to be put under one as well because of our debt growing at a level not far short of our turnover every year, even since the takeover.
This. A thousand times this. 3 of the 8 signed last year. Lessons not learnt poss still being taken so time to **** right off
I tend to agree, the supports enjoy the success part when they are paying over the odds for players, but when things go wrong, it is them that that cry that they are the victims.
I think there's a few people being a bit unreasonable towards the Pompey fanbase. Put yourself in their shoes. Promotion to the Premier League, FA Cup winners a few years later, the likes of Defoe, Crouch, Glen Johnson and Kranjcar in your team - you're hardly going to complain, are you? The fans aren't the ones who sanction transfers and they aren't in charge of managing the finances. The club deserves it, the fans don't.
It is a good point, and the fans are not at fault and it is really harsh on them, but the problem is the league can't turn around and say, it's not fair to the fans so we'll let them take the piss again, the FA only have the power to punish the club, not the fans, and after going into admin once, then signing more players on big money only to fu*k it up all over again needs to be massively massively punished
Of course they can't, and I'm not saying they shouldn't be punished, I'm just pointing out that fans aren't to blame for not somehow stepping in and stopping the club from spending the money - it's not like they had even a 1% say in the matter.
There should be a legally binding contract signed by all existing and new owners of clubs that they personally will be heavily fined if the club's outgoings exceed their income by a set amount. I know this has been partially addressed by Uefa's fair play regulations, but as I understand it the club itself is responsible for any fines imposed and not the owners. If it was the other way around clubs would be run far more sensibly. Also the fines to the owner should be increased dramatically if the club ends up in administration rather than punishing the fans by docking points or imposing relegation.
