Generic clubs in financial crisis Thread

[exileinleeds]

My only concern is that the Pompey fans on this thread wanted Birch instead of Andronikou as well.

TBF- I have been reading that site for a while....they are as pissed off with AA as everyone else. Large group seem to be happy to let the club go, and regroup in lower leagues.

Hope this chap proves to be better than the last one- for the sake of both football and the tax payer.


....interestingly* all his colleagues were warned several months ago not to talk about him to anyone- including family...


*my own unique meaning

[ZacNaloen]

....interestingly* all his colleagues were warned several months ago not to talk about him to anyone- including family...

It's not clear, "him" being Birch or Andronikou?

[exileinleeds]

....interestingly* all his colleagues were warned several months ago not to talk about him to anyone- including family...

It's not clear, "him" being Birch or Andronikou?

Sorry- Birch. Thats why I found it odd.

[Friday's Legacy]

are we expecting a standard 10 point deduction and a further points deduction for breaching the terms of the cva?

[Barry the bird boggler]

are we expecting a standard 10 point deduction and a further points deduction for breaching the terms of the cva?

The grey area is that PFC were members of PL not the FL last time they had a deduction so I guess it may come down to how the FL see it and how any membership clause that covers it is worded. I expect them to immediately be hit with 10 point penalty and the FL to spend go knows how long delberating whether there should be a further penalty.

Personally any club hitting Admin while still under an existing CVA should be get more than 10 points irrespective of what league they are in at the time or what league they were in originally as the principle behind it all remians the same.

[Mr Angry]

are we expecting a standard 10 point deduction and a further points deduction for breaching the terms of the cva?

10 points minimum.

Another 10 points as its within 7 years, though Pompey will argue that they weren't a Football League team at that time.

However, there are previous precendents; Saints, Leeds and Luton come to mind, where additional points dedcuctions were handed out.

[Terminal Boardom]

are we expecting a standard 10 point deduction and a further points deduction for breaching the terms of the cva?

10 points minimum.

Another 10 points as its within 7 years, though Pompey will argue that they weren't a Football League team at that time.

However, there are previous precendents; Saints, Leeds and Luton come to mind, where additional points dedcuctions were handed out.

Were these 3 in the Prem when they first went into Administration? I don't think so.

[Mr Angry]

are we expecting a standard 10 point deduction and a further points deduction for breaching the terms of the cva?

10 points minimum.

Another 10 points as its within 7 years, though Pompey will argue that they weren't a Football League team at that time.

However, there are previous precendents; Saints, Leeds and Luton come to mind, where additional points dedcuctions were handed out.

Were these 3 in the Prem when they first went into Administration? I don't think so.

Your point being?

[Terminal Boardom]

That the argument about the PL and FL being different entities and not in any way linked. IIRC, those 3 all went into Administration when they were in The Championship of lower.

[Mr Angry]

That the argument about the PL and FL being different entities and not in any way linked. IIRC, those 3 all went into Administration when they were in The Championship of lower.

It will be interesting to see how it pans out, as I think that there is a need for the FL to be seen to treat ALL clubs in its competitions fairly, which would mean giving them a larger points deduction than just 10 points.

[exileinleeds]

That the argument about the PL and FL being different entities and not in any way linked. IIRC, those 3 all went into Administration when they were in The Championship of lower.

It will be interesting to see how it pans out, as I think that there is a need for the FL to be seen to treat ALL clubs in its competitions fairly, which would mean giving them a larger points deduction than just 10 points.

They are not getting just a points deduction- they are also getting The Birch....this Storrie just runs and runs

[Terminal Boardom]

What bugs me most of all is that PFC have reneged on the existing CVA. That, on its own, should result in expulsion from the Football League. Makes me shudder when I read Pompey fans demanding that the League help them out. Well, from where I am sat, PFC are more than bringing the game into disrepute.

[wolsey]

What bugs me most of all is that PFC have reneged on the existing CVA. That, on its own, should result in expulsion from the Football League. Makes me shudder when I read Pompey fans demanding that the League help them out. Well, from where I am sat, PFC are more than bringing the game into disrepute.

Wasn't part of Luton's 35 point penalty for not coming out of a CVA properly?

[Who Moved The Goalposts?]

What bugs me most of all is that PFC have reneged on the existing CVA. That, on its own, should result in expulsion from the Football League. Makes me shudder when I read Pompey fans demanding that the League help them out. Well, from where I am sat, PFC are more than bringing the game into disrepute.

Couldn't have put this better TB.

A lot of the Pompey fans are seeing admin as a saviour. They don't seem to care that the creditors are being shafted for a second time in as many years - including us as taxpayers, even though we are not directly involved.

[Terminal Boardom]

What bugs me most of all is that PFC have reneged on the existing CVA. That, on its own, should result in expulsion from the Football League. Makes me shudder when I read Pompey fans demanding that the League help them out. Well, from where I am sat, PFC are more than bringing the game into disrepute.

Wasn't part of Luton's 35 point penalty for not coming out of a CVA properly?

http://news.bbc.co.uk/sport1/hi/football/teams/l/luton_town/7500435.stm

Not quite. There was a 10 point penalty for

being found guilty of misconduct for paying agents via a third party

And 20 points

related to the club's inability to agree a Company Voluntary Agreement (CVA) to exit administration, with the Football League pointing out that this is the third time in 10 years that Luton have been in such a position.

PFC have agreed a CVA. Just that they do not have the means to deliver.

[Friday's Legacy]

What bugs me most of all is that PFC have reneged on the existing CVA. That, on its own, should result in expulsion from the Football League. Makes me shudder when I read Pompey fans demanding that the League help them out. Well, from where I am sat, PFC are more than bringing the game into disrepute.

absolutely spot on, and for me this is why the punishment must be hard this time. otherwise what message does it send out to the rest of football? go into admin, we'll wipe your debts, continue to be frivolous with your running of the club and if need be enter admin again and we'll wipe the debts again for you.. you'll have to take the 10 points deduction on the chin but otherwise it's bau..

it's wrong. it's time to make a real example of this club and send a clear message to everyone.

it's bad enough that portsmouth got off so lightly last time but to repeat it within 2 years and breech the terms of the agreed cva is disgusting, and they cannot be seen to get away with it.

[buzzby]

I think we all know deep down that they will just get a 10 point deduction and probably do enough to escape relegation. Which means we will still be seeing them play football in the Championship next season.

[Kitsondinho]

I'm trying hard not to laugh too much at Pompey, mainly because I fear we could end up in the same position......if SJM had the wool pulled over his eyes.....I'm sure he hasn't but this makes me shudder..........Oh sod it...Pompey

[Friday's Legacy]

"I suppose I'm used to dealing with clubs in crisis. You could say most of the Championship is in crisis. 30 per cent of the clubs in the Championship are paying wages in excess of 100 per cent of turnover. So that in itself tells a story. I'm used to dealing with that kind of pressure.

[Mr Angry]

From the previous administrator.....

A. Andronikou, 13/09/10 wrote:

We have had to push out the boat for Kitson and Lawrence. Their wages are £19,000 and £20,000 but it was something we are comfortable with. Gone are the days when extraordinary pay packets put the club in financial trouble.

Just at his stupidity then, and absolutely no surprise that less than 18 months after he wrote that sentence Pompey are indeed back in financial trouble.