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Post by knowingeye on Feb 17, 2012 11:43:14 GMT
Portsmouth Football Club has entered administration for the second time in three seasons. The Championship club faces being penalised at least 10 points, but could be docked as many as 20. Portsmouth had been issued with a winding-up petition by HM Revenue and Customs on 3 January, freezing the club's bank accounts. The administration order enables them to access those accounts and continue trading while searching for new owners. www.bbc.co.uk/sport/0/football/16943651 |
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Post by roylandstoke on Feb 17, 2012 11:54:48 GMT
They lived well beyond their means for years, and made no investment in the worst ground in the top 2 divisions while many others where sacrificing success on the pitch to bring their stadiums into the 21st century.
They enjoyed their moment of glory and now they're paying for it.
I do feel sorry for the all the people who they owe money to who will get shafted again with some sort of 10p in the pound settlement .
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Post by StokieBoy31 on Feb 17, 2012 12:22:39 GMT
They spent money they didn't have, always had time for Pompey but its got them into a right mess
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Post by eranu on Feb 17, 2012 12:25:02 GMT
Its been mentioned on sky this morning that they can't even afford a scan on Liams injury to assess the extent of it. Plus both the gas and electric companies have won orders to cut off the supply of both :-@
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Post by Caerwrangonpotter on Feb 17, 2012 12:32:13 GMT
They could easily end up like Luton in the Conference
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Post by Caerwrangonpotter on Feb 17, 2012 12:35:23 GMT
Hang on.....a 10 or 20 point deduction means Coventry get out of the bottom 3
Damn & blast!
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Post by Northy on Feb 17, 2012 13:14:56 GMT
they didn't learn after the 1st time, paying big wages for players, why can't the FA see what's in front of their faces and bring things to task?
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Post by y_oh_y_delilah on Feb 17, 2012 13:31:12 GMT
What puzzles me is that looking at the playing staff as it is now, there are still masses of big(ish) name players on their books who won't have signed contracts for peanuts. Surely after the last debacle, somebody somewhere should have instructed them to get a grip of their most costly outgoing - players wages!
While sympathising with the genuine fans, of whom their are many, as a club they should be made to pay big time for their reckless spending after the last Administration.
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Post by luke45 on Feb 17, 2012 14:42:11 GMT
What puzzles me is that looking at the playing staff as it is now, there are still masses of big(ish) name players on their books who won't have signed contracts for peanuts. Surely after the last debacle, somebody somewhere should have instructed them to get a grip of their most costly outgoing - players wages!You would think so wouldn't you. You only have to go back 5-6 months to the Summer transfer window when they spent 1.5 million on Erik Husseklepp and 750K on Luke Varney, not to mention several other signings that window aswell. Portsmouth deserve criticism for the way they've been running their club, but the FA deserve criticism for the way they've been running their fit and proper persons tests aswell, because if it was correctly enforced, these type of people wouldn't be getting the chance to run clubs like Portsmouth into adminstration. |
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Post by mistersausage on Feb 17, 2012 14:45:09 GMT
It's about time these clubs started getting a proper punishment like demotion to the bottom of the football league.
If any other business was in their position it would be over.
The Rangers fiasco is a complete joke. A ten point deduction means fuck all to them. They don't even have to pay gate receipts to 2 clubs who they still haven't paid them to.
And they wanted to come into the premier league ;D
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Post by seasidestokie on Feb 17, 2012 14:51:33 GMT
I blame Frankie Howard.
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Post by staffordstokie999 on Feb 17, 2012 16:45:50 GMT
i dont know what their fans are moaning about, its not like they have just lost 1-0 to Valencia.
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Post by Kenilworth_Stokies on Feb 17, 2012 16:55:38 GMT
Hang on.....a 10 or 20 point deduction means Coventry get out of the bottom 3 Damn & blast! Totally agree. I'll be well pissed off if Cov jam their way out of the stint in Division 3 they so richly deserve. |
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Post by Fred Ferret on Feb 17, 2012 19:52:25 GMT
i dont know what their fans are moaning about, its not like they have just lost 1-0 to Valencia. And, to compound the misery, SCFC were charging a full £1 for a tiny little bar of Cadbury's Dairy Milk in the Q-Railing upper lounge and there weren't enough chairs for everyone up there. |
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Post by liathroid on Feb 17, 2012 19:54:58 GMT
does this mean we have to take Kitson back  |
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Post by kitkatkev on Feb 17, 2012 20:02:32 GMT
Its all Kitsons fault they have gone in to administration  |
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Post by surreystokie on Feb 17, 2012 22:25:07 GMT
I certainly feel sorry for the majority of the Pompey supporters and of course the creditors.
One player is still on a £1.5M a year salary and you bet he'll get every penny, just like the several Leeds players e.g. Robbie Fowler, who were being paid for years afterwards. Yes they are entitled to it but one month of their salary would probably pay off all of the small businessmen and the likes of St John's ambulance.
I agree that those clubs who have been so reckless should have been demoted, in stages. Leeds were, and also Leicester and Southampton. Chelsea were saved at the midnight hour (apparently owing £90M - a lot at that time - by Abramovitch,) while Sunderland were saved by the Irish Drumaville consortium, before Keano arrived to boss his passive chairman, enabling them to get well over £80 in debt, but presently saved by USA's Ellis Short. Wolves have Steve Morgan to thank, West Ham relied on several financial idiots and Palace by not one but two incredibly stupid fellows, who ignored the fact that they had actually bought the club but lost the ground which Noades had kept.
There wouldn't be many of us left, had financial responsibility appertained. Stoke City stand alone in moving to a new ground, paying the minimum, thus owing only a relative small amount but which nevertheless imposed demotion even before the 'new era season' had started, at the Brit! We had also sold our best player, Sheron, as we did with Pesch, when we thus forfeited the play-offs to Leicester City and another better stadium not truly afforded.
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Post by lommack on Feb 17, 2012 22:31:45 GMT
Did Harry Redknapp once manage them? Did he spend an absolute fortune to buy his one and only trophy and then at the first sign of a "bit of financial trouble" up sticks and fuck off to their biggest rivals?
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Post by frank63 on Feb 18, 2012 8:44:07 GMT
Harry won the FA cup with the likes of Defoe and our very own Mr Crouch, while at Pompey
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Post by ukcstokie on Feb 18, 2012 9:10:24 GMT
Did Harry Redknapp once manage them? Did he spend an absolute fortune to buy his one and only trophy and then at the first sign of a "bit of financial trouble" up sticks and fuck off to their biggest rivals? You can try and blame Harry but it's the Board who run the club. The Chairman can just say “no, we can't afford it” you know? |
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Post by Stafford-Stokie on Feb 18, 2012 9:27:47 GMT
They lived well beyond their means for years, and made no investment in the worst ground in the top 2 divisions while many others where sacrificing success on the pitch to bring their stadiums into the 21st century. They enjoyed their moment of glory and now they're paying for it. I do feel sorry for the all the people who they owe money to who will get shafted again with some sort of 10p in the pound settlement . That was one of my favorite grounds to visit a couple of seasons ago. A proper throw back to the 80's. I love an old ground with a bit of character. Better than some of the monstrosities we get now. Admittedly the facilities are better but you can't beat an old ground. |
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Post by SussexStokie on Feb 18, 2012 11:15:42 GMT
There but for the grace of God, and Mr Coates, go Stoke City
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