No we're bloody well not! What I meant was this: As we are going to be relegated this season anyway, without the help of the 10 point deduction, my question is this. What is the cut off date for coming out of administration, so that the deduction is made this season and not held over to next season, causing us to start in League Two on -10? 2nd question. What are the chances of us coming out of admin by that date? A. None B. Don't be silly or C. Always look on the bright side of life
There is a concern that as we will be relegated anyway the points deduction may be applied next season. But if we aren't out of admin by June it will be a moot point as we won't be part of the league anyway. They were crystal clear on that point.
If not out of administration at the end of the season it should be automatic relegation to the conference. A simple points deduction is not enough any more. Automatic relegation should be the way forward. If a club finishes between 1-20, its relegation. If 21-24 a further relegation should occur.
Why not? I have never understood why its 10 points, its not really much of a ''fine'' shall we say! Last season Port Vale waited until they were safe from relegation then went in to administration and took the 10 point penalty and look at them now..Going to get promoted along with my club Gillingham. If automatic relegation had been in place it would be a different story..Whatever happens I sincerely hope Portsmouth's trouble come to an end soon!
Yeah but who's it fining? The owners who got the club into the mess in the first place? Nope, chances are they'll have disappeared and don't care what happens to the club. The only people affected are the fans, the players, the manager, the backroom staff and the admin staff. Indeed, relegation will make the situation worse. If administration is a cash flow issue, reducing the cash flow through relegation doesn't make the slightest bit of sense.
First of all - thanks for the good wishes. But from your comments you seem to think that this is a one-off. It isn't. The first points deduction (9) came in 2010 when the owner, Sacha Gaydamak, having funded a premier league team, pulled the funding overnight and left the club with huge debts. A CVA was agreed, we came out of admin and the 9 points were applied relegating us to the Championship. The club was then bought by Chanrai - who was settling a score with Gaydamak's father. He renegotiated the CVA to pass it on to the next owner, and in 2011 sold the club to CSI - despite the fans pointing the FL to the evidence that the major shareholder, Antonov, was not a fit person to own the club. Less than 6 months later Antonov was arrested and all his assets frozen by the Lithuanian government. The club went into admin again and another 10 points were applied. We were relegated to League 1. Chanrai still has a score to settle with Gaydamak so wants the club back to get the money that the Russian owes him. The money he is demanding was never loaned to PFC. In the meantime the PST has raised the money to purchase the club. Chanrai won't agree to sell the stadium for its valuation, he wants £18m back. There is nothing at the club that is worth that amount - all its assets have been well and truly stripped. The club's ground has been valued at around £2.6m. When the club is sold and comes out of admin a "further" 10 points will be applied. We WILL be relegated to league 2. In the meantime Chanrai has found another patsy to front up a bid for him. Keith Harris. This is the man who 1) conducted the sale of PFC to Antonov and 2) introduced Yeung to Birmingham, the man who is currently under arrest in Hong Kong for money laundering. By the end of this we will have had 3 lots of points deductions - totalling 29 - applied for 2 admins. This isn't a case of one owner mismanaging - this is a case of systematic financial abuse of a business. It can't be compared to eg Port Vale, or Plymouth, or any other club who just spent a bit too much to keep their club up. If Chanrai isn't forced out, by the Courts, the club will cease to exist for all the wrong reasons.
Devo.......its simple mate, if we are not out of admin by the last kick of a ball on the last day of the current season PFC will be loosing its place in the FL! and that's it! Worrying about starting -10 next season is not on the cards, we either come out of admin and will be relegated, starting a clean slate in L2 or we go bust.......that's it, plain and simple!
Serious question. How has Pompey kept going all this time? I assumed that as soon as last season finished and there was no money coming in from the tv or turnstiles, that as an insolvent business the club would either be bought very quickly or fold almost instantly. I know that there were plenty of you on this board who feared the same fate in the same timeframe. So who has been funding the running costs of the club? I know that costs have been cut left, right and centre, but surely they are not breaking even at present. Or maybe they are, less interest payments?
the club whilst in admin is not allowed to operate at a loss.........so since PKF assumed control we have been operating with in the means of the income, golden share, season tickets, tv etc. There have been short falls.........don't ask us how or why, because PKF gave assurances to the FL that PFC had the means to operate all of this season with out the risk of liquidation.......so why the HNWI's had to put money in last month I don't know? All these questions are on the lips of every PFC supporter..........one day all will be revealed I am sure!
So we are 3 months away from [video=youtube;hR83Ius342I]http://www.youtube.com/watch?v=hR83Ius342I[/video]
A few weeks back it emerged that the Trust were the ones funding the clubs' current expenditure, which makes it all the more annoying that their take over has been delayed since they're bankrolling the club at the moment. Look at this link: http://www.express.co.uk/sport/foot...m-liquidation-as-loyal-fans-inject-another-1m
What would be the point of playing the season, if the team is going to get relegated anyway ?? Seems a strange idea! Why not just take them out the league, if you're going to "auto-relegate" them ??
