Pompey Admin reveal cost to club

http://www.bbc.co.uk/sport/0/football/21574331

So I make it around 20m if you add the 3m the PST want to pay for the Stadium, how the hell can they afford that?.

 

Go back into admin and offer them 1p in the £.....



.....already got me coat on!

 

Oh and in the the last 5months of admin Pompey made a £430k loss, I thought it was illegal to have losses while in admin?.

 

Parachute payments are still owed, thats how, plus season ticket sales albeit in reduced numbers and commercial revenue. Easy!

 

That works out to £296.09 per hour. Nice work if you can get it

 

Yep should be easy not like the HNW's have said they have used some of the Parachute payments or anything.......

 

Thats what Chanrai is after its about £16mn plus.................

 

He won't get it though............as most of the parachute payments will have to be paid to the players and previous transfer fees etc. What is left hast to go to pay the present debters @ 1p in the pound not for getting the administrator fees.

 

A slow and painful death!!

 

Thought it was 8m?, but had been reduced to 5-6m due to Pompey needing it for wages earlier in the season?.

 

Chanrai's after whatever he can get his slimy hands on.

 

Offer them £6.25ph and see what happens

 

"However, PKF may decide not to submit a claim for the full amount"

Ha! That's likely.

 

What I understand is that they cannot claim the full amount. Something to do with insolvency law, and any monies they are paid have to be agreed first with the creditors.

 

Nabil Hassan ‏ (@NabilHassan79):

'Pompey Council approve £1.45m loan to the PST, despite late appeal by Labour & Tories. To be paid back by August'

http://www.bbc.co.uk/sport/0/football/21603528 …

 

Blimey PST are not even in control yet and borrowing already is not a good sign.

 

Methinks that might end in tears

 

Blimey - Got to be a good thing in regards to helping purchase Fratton Park - but can the PST afford to pay this back by August!