Portsmouth fc

[exileinleeds]

As Keegan might say,

I would love it, love it if they went pop.

[Royal With Cheese]

'greed.

[Friday's Legacy]

hayden mullins rumoured to be in reading for talks. he was left out of the team today to tie the move up. henderson is at west ham for talks about a loan to perm deal.

[Friday's Legacy]

portsmouth win family club of the year.

[Badger Finger]

Broken Britain...

[buzzby]

portsmouth win family club of the year.

I expect they will be asking the Football League for 3 points for this win.

[Royal With Cheese]

They're melting down the trophy as I type....

[RoyalBlue]

Um, shouldn't this £800K be going straight to HMRC to pay off some of the outstanding tax bill? Or does going into administration mean they don't have to bother actually trying to pay old debts at the moment?

Football creditors rule would mean that HMRC are among the last people to see any money, I'd imagine

There really is something very wrong if that is the case.

[From Despair To Where?]

portsmouth win family club of the year.

How appropriate, in such uncertain economic times, many families are struggling to pay their bills.

[Mr Angry]

Just noticed this little gem on the BBC site for Pompey.....

If Pompey were relegated, they would lose about £1m of Football League revenue, and while some players have relegation release clauses in their contracts, others do not and the cost base for the club doesn't decrease that greatly.

In other words, even if they manage to find a buyer, relegation won't help them from a decrease of cost base perspective.

A long hard road lies ahead for Pompey, even if they survive.

[Dare to Dr£am]

Just noticed this little gem on the BBC site for Pompey.....

If Pompey were relegated, they would lose about £1m of Football League revenue, and while some players have relegation release clauses in their contracts, others do not and the cost base for the club doesn't decrease that greatly.

In other words, even if they manage to find a buyer, relegation won't help them from a decrease of cost base perspective.

A long hard road lies ahead for Pompey, even if they survive.

Good. It's just deserts really isn't it? They got off lightly last time and then broke the CVA. This time if they do get another and if they do break it again then it's bye bye Pompey, and that makes my jeans tight!

Relegation, and on such a thin squad which will need reinvestments, plus the CVA? Unless someone offers significant investment into the playing staff they could well be in another relegation scrap next season.

[floyd__streete]

^ yep. F*ck the liquidation, keep the wretched thing going and watch them sink Plymouth-style down the leagues

[Terminal Boardom]

The best thing that could happen would be for them to be liquidated. Unfortunately, this means the creditors may well be left high and dry as there are very few saleable assets. But from a purely footballing perspective, it is the best thing that could happen to the city of Portsmouth.

[Ian Royal]

The best thing that could happen would be for them to be liquidated. Unfortunately, this means the creditors may well be left high and dry as there are very few saleable assets. But from a purely footballing perspective, it is the best thing that could happen to the city of Portsmouth.

The creditors will be left high and dry whether they are liquidated or not. They're already only going to get 4p for every £1 of debt they were originally owed. How much was it Pomepy owed? £75m wasn't it? If they get their way that'll be reduced to £3m. And I bet they'll still struggle to oxf*rd pay that the dirty theiving scumbags.

[Friday's Legacy]

The best thing that could happen would be for them to be liquidated. Unfortunately, this means the creditors may well be left high and dry as there are very few saleable assets. But from a purely footballing perspective, it is the best thing that could happen to the city of Portsmouth.

The creditors will be left high and dry whether they are liquidated or not. They're already only going to get 4p for every £1 of debt they were originally owed. How much was it Pomepy owed? £75m wasn't it? If they get their way that'll be reduced to £3m. And I bet they'll still struggle to oxf*rd pay that the dirty theiving scumbags.

summed up well by mr angry:

Just noticed this little gem on the BBC site for Pompey.....

If Pompey were relegated, they would lose about £1m of Football League revenue, and while some players have relegation release clauses in their contracts, others do not and the cost base for the club doesn't decrease that greatly.

In other words, even if they manage to find a buyer, relegation won't help them from a decrease of cost base perspective.

A long hard road lies ahead for Pompey, even if they survive.

pompey can't afford to fail the new cva (if it gets agreed). their squad is very lightweight and they will need to add at least 6-10 players this summer. they will either be youngsters, or if they're lucky and get some investment from a new buyer, they could well become embroiled in yet another relegation fight next season.

failure to complete the next cva will almost certainly result in liquidation, and the loss of a further £1m a season in revenue, plus a drop in already poor attendances, portsmouth could be in a lot of trouble again next season.

as dare to dream said, perhaps that's a long overdue justice for portsmouth fc.

[Franchise FC]

failure to complete the next cva will almost certainly result in liquidation, and the loss of a further £1m a season in revenue, plus a drop in already poor attendances, portsmouth could be in a lot of trouble again next season.

as dare to dream said, perhaps that's a long overdue justice for portsmouth fc.

If they're liquidated a loss of revenue would have no effect - they will not be in existence.

[Friday's Legacy]

failure to complete the next cva will almost certainly result in liquidation, and the loss of a further £1m a season in revenue, plus a drop in already poor attendances, portsmouth could be in a lot of trouble again next season.

as dare to dream said, perhaps that's a long overdue justice for portsmouth fc.

If they're liquidated a loss of revenue would have no effect - they will not be in existence.

i phrased that wrong, sorry. if they break the next cva then that's it, game over. if they go down with their cva but then have £1m less coming in, and their squad is as depleted as it is, then they are in big trouble once again. not only in covering the outgoings for the running of the club on low attendances, but needing to add several players to the squad, and balance the books without the £1m revenue they receive from the championship. they could very well be in another relegation battle next season unless a buyer comes in and throws money at them. without it, their outgoings are likely to far outway their income again.

[Franchise FC]

failure to complete the next cva will almost certainly result in liquidation, and the loss of a further £1m a season in revenue, plus a drop in already poor attendances, portsmouth could be in a lot of trouble again next season.

as dare to dream said, perhaps that's a long overdue justice for portsmouth fc.

If they're liquidated a loss of revenue would have no effect - they will not be in existence.

i phrased that wrong, sorry. if they break the next cva then that's it, game over. if they go down with their cva but then have £1m less coming in, and their squad is as depleted as it is, then they are in big trouble once again. not only in covering the outgoings for the running of the club on low attendances, but needing to add several players to the squad, and balance the books without the £1m revenue they receive from the championship. they could very well be in another relegation battle next season unless a buyer comes in and throws money at them. without it, their outgoings are likely to far outway their income again.

I wasn't trying to be difficult.

The problem with keyboard communication is you don't get any idea about the intination or body language......... the 'did you mean that ?' question that's somewhat easier in general conversation. [serious mode off]

[leon]

haven't the pikeys died yet?

[PieEater]

Trevor Birch seems to be doing a pretty decent job there, although I get the impression that the FL/PL money he got early was conditional on them trimming the playing squad.

Appleton can shut the oxf*rd up about not wanting to have a squad that's competitive and just be grateful that he's actually still got a club.

Their punishment does seem very light considering what a total cluster oxf*rd AA made of the original CVA, just a 10pt deduction doesn't seem enough. There should be another deduction for breaching a CVA.