The continuing demise of Portsmouth thread

Stanley

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I think they will be lucky to survive in this division.

Their squad will be very thin and even though they have had a decent pre season and have a sound manager they will find it tougher than they think.

Its a club that is still living with the fairies..
 

ladbroke

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If you were a player, would you really want to play for them, esp if chanrai takes over again...

You'd fear how long your going to get paid, and when it will stop.... surely they will be getting less monies in this division than in higher ones so the debts to be repaid will take longer or more money than they got spare or coming in...
 

Invipai

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Another question is how are they going to sell the ambition of the club given that they've been relegated 10 points already. They can't realistically aim for promotion this year, and everyone is aware of their money problems.

They're really going to have to push the 'we have a big fan base and history' card quite well....
 

Bill Benn

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IMO its disgraceful if they are allowed to continue. So many buisness have lost money because of them, and their status was obtained on spending beyond their means.

I would feel sorry for the supporters naturally, but if Portsmouth are bailed out again, its just going to mean more and more clubs are going to do the same as them. For the good of Football in the long run and to be favour to the local buisnesses which have lost out, Portsmouth needs to go under.

I realise that the counter arguement could be that the local buisness needs Portsmouth for contractual work, but I genuinely don't think they will be able to return to profit (or will learn from their previous) and the buisness will all lose out again.

That's how l see it to
 

Stanley

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Another question is how are they going to sell the ambition of the club given that they've been relegated 10 points already. They can't realistically aim for promotion this year, and everyone is aware of their money problems. .

It seems by offering higher than average wages for the division, should get enough interested....
 

SmiffyBee

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Some might say that professional was the last thing they were. I like the Birch thanks them all for putting the club ahead of any personal needs too

The club offered them contracts which they (the players) honoured.
It's the club that has been unprofessional, badly managed which got them into problems.

It's not the players fault they are in this mess.
 

Bill Benn

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Now 48 hours after the deadline set by the Administrators and now Changrai is demanding they reduce their Fees.The next thing will be he demands the FA gives him the parachute money now and gives them 10 point start to the season,where are the FA in all this?
 

GP200

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Now 48 hours after the deadline set by the Administrators and now Changrai is demanding they reduce their Fees.The next thing will be he demands the FA gives him the parachute money now and gives them 10 point start to the season,where are the FA in all this?
...............doing FA................
 

Niyx

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If Portpin don't take over by 12.30pm Monday, Appleton will have to field his youth team v Plymouth for Tuesday nights cup game.

Youth team played Saturday and lost 2-1 to Salisbury.

Any betting people reading this thread? Best odds for a Plymouth win? The words 'license to print money' come to mind :D
 

Stanley

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Changrai now has cut the player budget to 1.5 million if the deal with his company goes through.

Some sense at last it seems.

Not sure what this has got to do with the FA as some ask above, it is the Football League who will be monitoring them. If they go bust there will not be much to do but presumably they still have to allow them the golden share they need to start in Div 1?
 

Bill Benn

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Some sense at last it seems.

Not sure what this has got to do with the FA as some ask above, it is the Football League who will be monitoring them. If they go bust there will not be much to do but presumably they still have to allow them the golden share they need to start in Div 1?

While I agree with you this is directly for the football league to monitor the FA are the governing body who are meant to be there to protect their members.The low budget is all part of Changrai's plan to run the club on a shoestring for the benefit of himself to try and get as much money out of the club to make up his 18 mill loses he incurred.
 

Stanley

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The low budget is all part of Changrai's plan to run the club on a shoestring for the benefit of himself to try and get as much money out of the club to make up his 18 mill loses he incurred.

The very real fear of the few Pompey supporters I know. It seems somewhat complex as to who owns which bit of land around and in the ground but no doubt he has some property development plans to get his money back.
 

Bill Benn

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The very real fear of the few Pompey supporters I know. It seems somewhat complex as to who owns which bit of land around and in the ground but no doubt he has some property development plans to get his money back.

From what I have read the land around the ground is owned by a previous Owner.Not sure which one as there's been so many.
 

jlove

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Pompeytrust.com said:
Alexandre Gaydamak currently owns the land behind the Fratton End and right round to the old ticket office and Megastore on Rodney Road and the land directly behind the North Stand.
 

Bill Benn

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Gaydamak another former owner.just think we thought Noades was bad,and he was but the people who have been involved with this club over recent years and the money they have had is bloody criminal.The Football League and FA have a lot to answer for inho
 

RodBee

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Portsmouth FC Statement from their official site:



Trevor Birch, PKF partner and joint administrator of Portsmouth Football Club, has released the following statement:

“I realise that many supporters are concerned about the size of the squad ahead of the start of the new season.

“I’ve been working with Michael Appleton and the coaches to ensure that we have enough players to start the campaign, regardless of what happens off the pitch over the next few days.

“If a new owner is not in place shortly, then we will use a combination of players from the development squad and players signed on non-contracts [effectively short-term deals].

"We’re also talking to the Football League to see if there’s any additional support that they can give us until the ownership situation is resolved.

“This is not an ideal situation, but we’re doing as much as we can in incredibly difficult circumstances.”

Surely they have to show before the start of the season (I actually thought it was June 2nd) that they have enough money to finish the season.

Therefore, at present they are unable to do that so their golden share should not be issued.

I can't imagine a Burton, Accrington, Brentford, Morecambe, etc would be allowed to continue to talk of league football at this stage with no owner and their season starting tomorrow at Plymouth.
 

Bill Benn

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I agree Rod it's quite unbelievable l have followed this saga quite closely as l honestly never thought they would survive and would have been liquidated .The deadlines that have been dramatically announced have passed and now the last owner is back calling the shots.the next club that get in the crap have got no chance now after the pigs ear the league have made of this.
 

wibs

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or alternatively they do a they can point to precedence with portsmouth being given many chances
 

Brentford 4 Life

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Changrai now has cut the player budget to 1.5 million if the deal with his company goes through.

Sensible and fair on the rest of the teams in the league (even if it is only being reduce for Channerai (sp) benefit). Having said that a budget that small must make them favourites for relegation. Does anybody know whether it would be one of the lowest budgets in the football league?
 

Brentford 4 Life

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I d9on't care.

They should not be in the Football League with their record.

I totally agree, i just wanted to know of a club with a similar budget so i could estimate realistically what they can expect to achieve this year (assuming the budget dictates potential)
 

Bill Benn

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I totally agree, i just wanted to know of a club with a similar budget so i could estimate realistically what they can expect to achieve this year (assuming the budget dictates potential)

I expect it's about one of the lowest if you think it's about half as much as Andy Scott had to get us out of div 2 but don't think this should be the issue as Rod has posted
 

Brentford 4 Life

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I expect it's about one of the lowest if you think it's about half as much as Andy Scott had to get us out of div 2 but don't think this should be the issue as Rod has posted

Dont get me wrong Bill i dont think this is an acceptable get out for them, but it does make it fairer on the rest of us (in comparison to last week when they on paper had an £8 million budget). True justice would see them start again like a less fashionable club in similar financial circumstances would have to.
 

Bill Benn

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Dont get me wrong Bill i dont think this is an acceptable get out for them, but it does make it fairer on the rest of us (in comparison to last week when they on paper had an £8 million budget). True justice would see them start again like a less fashionable club in similar financial circumstances would have to.

I understand what your doing knocking off the teams who won't be a threat to us.Just saying that the big issue is this saga is getting beyond a joke.
 

wanderer paul

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I thought it was a £5 mill budget being spoken about? Now it's down to £1.5 mill. Which is near enough what MA had.....
 

Stanley

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Looks like reality is dawning now for them now. They may get big crowds but a lot of that gate money will go towards the long term payments for all these player deals they have had to agree.Channerai will be less interested in getting them up than making sure he doesn't have to fund any more losses.

Not the greatest move by Appleton either to slag off his potential future employer, he may find the next investment is finding a new manager.
 

Bill Benn

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I expect it's about one of the lowest if you think it's about half as much as Andy Scott had to get us out of div 2 but don't think this should be the issue as Rod has posted

I got that wrong in fact Andy Scott's budget that got us promotion from div 2 was about 1.3 mill .
 

Niyx

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£10 with sky bet would give me £22

Thank feck for that! Those Portsmouth kids did alright. And Plymouth sounded really, really sh1te. Roll on Bournemouth. I could make a living from sky bet this season :)
 

Beat Poet

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I guess those kids have nothing to lose though, a chance to show what they can do, albeit in a poor side.
 

JBN

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What makes is worse is one previous 'owners' is still running a club and another previous 'owner' is in the running to buy the club back.

I thought the FA had a Fit and Proper test and were supposed to be monitoring what was going on at Pompy.
 

maddogging

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What I don't get is them worrying about the 10 point deduction and almost certain relegation..... well so what, surely in the grand scale of things that is minor.
 

Stanley

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Just seen that on SSN,that just leaves the PST bid that was not acceptable by the administrators last week.What a mess,remember the deadline was last Friday.Portsmouth football club = Dead team walking.

Total mess, although it could be a negotiating ploy to get PKN fees down I guess.

Like the way Chanrai blames everybody else for the mess, did he not have apart to play in all this by his management?

Interesting that all the PL parachute payments have gone on player compromise deals and that there are still outstanding claims. Presumably if they are liquidated all these will go away? maybe that is the only solution now.
 

westwing

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Just got back from 2 weeks in Pompeyland.
All not good down there but fair play to their fans, Pompey shirts everywhere.
Even outside our holiday residence, the pool lifeguard has raised a Pompey Flag on a pole from his ladder,
right outside our gaff.
He reckons they're gonna struggle to get a decent side together and the future is looking really bleak.
Relegation must be on the cards or even curtains for the club !!
 

Bill Benn

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Total mess, although it could be a negotiating ploy to get PKN fees down I guess.

Like the way Chanrai blames everybody else for the mess, did he not have apart to play in all this by his management?

Interesting that all the PL parachute payments have gone on player compromise deals and that there are still outstanding claims. Presumably if they are liquidated all these will go away? maybe that is the only solution now.

That's interesting about the parachute payments didn't realise any of that had been released and that they would only be once the terms of coming out of admin had been met.If they are liquidated the PP's will stay with premiership.
 

Niyx

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Interesting that all the PL parachute payments have gone on player compromise deals and that there are still outstanding claims

Fairly sure the parachute payments are needed by the PST if their bid is to be viable. They were also needed as security for the bridging loan from Portsmouth City Council.

Really surprised the Football League haven't said 'enough is enough'. The silence is deafening.

Starting to feel a bit for those fans who are going to commit to loans/finance. Bad scenes really.
 

markyst

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The PST have offered Chainrai £2.75m, which includes the cost of buying Fratton Park. Chainrai has £12m secured credit against the club (as well as owning the stadium).

If he is a secured creditor then surely he's owed the whole £12m.
 
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