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Post by Linx on Feb 12, 2009 8:55:12 GMT
Pompey seem to have paid a high price for a Premier league place and an FA Cup  "Having already achieved their highest Premier League finish, the south-coast club were able to celebrate a first major trophy since 1950 and their first move into European competition.
But less than nine months on from that May afternoon, Portsmouth sit just one point above the relegation zone, out of all cup competitions, carrying a reported £80m of debt and without a manager." Could we go this way? Or are we better run? |
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Post by Kirstendunstslovebubbles on Feb 12, 2009 9:04:43 GMT
It was Mandaric that fucked them over. Can't see Coatesy running the club into the ground like that.
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Post by mark71 on Feb 12, 2009 9:05:00 GMT
It's not just Pompey, just look at Charlton, Southampton, Watford, Derby, Forest, Norwich, Coventry, Leeds, Oldham, Bradford, Barnsley.
All former Premiership clubs who have fallen down the league and been crippled by big debts run up by paying players over the odds. There is a lesson to be learned here for everyone.
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Post by Kirstendunstslovebubbles on Feb 12, 2009 9:55:00 GMT
It all depends on how quickly you can get back into the Prem. Clubs who yo-yo for a few years seem to be relatively safe i.e. sunderland and west brom. But if you don't make an instant impact then the shit hits the fan.
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Post by Baggs on Feb 12, 2009 10:38:58 GMT
It's also about sound management of the club and its finances. I'm sure we could have brought in several more players for 2/3/5 million quid this season - but Coatesy gave TP a budget and hopefully we stuck to it. You look at how much Leeds spent in particular, with nothing to back it up. That club appears fucked for the long term - I don't think they even own their ground anymore do they?
If ever the wealthy backers of many Prem clubs were to suddenly withdraw with no replacement, there could be real trouble - Pompey and West Ham are currently in a bit of trouble already, while Boro and Newcastle have drawn a lot of cash from their owners in recent years. I'm sure there are other examples.
I think we are quite fortunate in that we fill our stadium almost every week and could probably sell more tickets whilst in the Prem, so in that respect we could probably survive as an enterprise with minimal equity injections. However, that drop down to the Championship would see attendances at least 10k lower, and the concurrent decline in merchandise revenue etc. would leave us deep in the shit without St Pete or someone similar.
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Post by Pretty Little Boother on Feb 12, 2009 10:45:49 GMT
I reckon if we got relegated then our attendances would hover around 21k for the first season, and then steadily drop back down to around 13/14k after a few seasons... So even that's not too bad.
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Post by FullerMagic on Feb 12, 2009 10:53:08 GMT
You'd have to say we're probably reliant on Coates to stop something comparable happening to us, especially if we were to go down and not get back up in the parachute years.
We certainly don't seem to have taken the approach of some teams who've collected the Premier money and been pretty frugal in their spending.
We've given it a real blast, in terms of transfer spend and wage bill - and you suspect that Coates is going to take a massive hit personally if we go down.
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Post by Kirstendunstslovebubbles on Feb 12, 2009 10:57:30 GMT
definitely so, or maybe he has a lot more faith in pulis to keep us up then we fans do
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Post by white wall boy on Feb 12, 2009 12:34:13 GMT
depends how much uncle Peter has bank rolled our capaign and how much is "loaned" to the club. If its only loans we are fecked ! and in exactly the same boat as all the others.
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Post by dazthestokie69 on Feb 12, 2009 12:50:32 GMT
no chance. thats the bonus of having a stoke fan as chairman. Everything we do im pretty sure they will have considered both if we stay up or if we go down
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Post by jaybee on Feb 12, 2009 13:03:16 GMT
It's not just Pompey, just look at Charlton, Southampton, Watford, Derby, Forest, Norwich, Coventry, Leeds, Oldham, Bradford, Barnsley. Hmmm, two of the first three used to be managed by 'Arry Rednapp |
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Post by Deleted on Feb 12, 2009 13:13:52 GMT
Succession planning.
How old it Peter Coates? At some point he won't be there. His family were against him buying the club back, so let's assume that they are not interested in taking it on. Who takes his place? A prudent organisation wanting to run the club on 'sound business principles'? We had that for years and no matter how well meaning, we did not have the resources to get to the Premiership - never mind stay there. A club like Stoke needs some time under the ownership of a benefactor before we have the ability to stand on our own, probably for more years than Peter Coates will be around.
Hence the succession plan after Peter Coates? If it is going to go pear-shaped, that's when it will happen.
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Post by white wall boy on Feb 12, 2009 13:15:39 GMT
Peter Coates's will "I give everything to Stoke City FC" job done  |
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Post by steinovschmeichel on Feb 12, 2009 13:21:46 GMT
i think stoke have gone up at the right time as the premiership money will be at its highest. If we could stay up for a few more seasons we will be sorted. And with having no noticable debts we will make money every season. how times have changed hey.
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Post by Deleted on Feb 12, 2009 13:26:17 GMT
i think stoke have gone up at the right time as the premiership money will be at its highest. If we could stay up for a few more seasons we will be sorted. And with having no noticable debts we will make money every season. how times have changed hey. I think that Stoke have considerable debts to Peter Coates. He is probably not going to call them in. But what happens after Coates. |
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Post by dazthestokie69 on Feb 12, 2009 13:32:28 GMT
coatsie is a wise man and if you look at the club hes laying the foundations to keep the club going the right way. a bit like the bloke at wolves did. Rather have people like those two running my club than some billionaire shiek whos using it as their play toy
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Post by dexter97 on Feb 12, 2009 14:31:55 GMT
I think that Stoke have considerable debts to Peter Coates. He is probably not going to call them in. But what happens after Coates. Probably an over-simplified way of looking at it, bit if you take what he's spent, deduct the Premier League income, and compare the difference to the current market value of SCFC, I'd say that PC is in profit. |
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Post by RipRoaringPotter on Feb 12, 2009 14:38:13 GMT
It's all stuff like buying the ground and building a new training ground which will, in the event of Coates selling the club, mean we are much more investable than we were only a couple of years ago.
Personally, I'd rather have a person with 0.00000001% of the wealth of a crazy Sheikh but with a sound knowledge of football than our club become some warped rich man's latest toy.
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Post by th05 on Feb 12, 2009 14:50:26 GMT
It was Mandaric that fucked them over. Can't see Coatesy running the club into the ground like that. No nor me. Agreed. |
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Post by McLovin on Feb 12, 2009 18:01:22 GMT
we got £60m for going up.
we've spent, what, 20m-30m. If we do go down we've got enough resources to buy players to get straight back up.
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Post by icelandpotter on Feb 12, 2009 18:42:30 GMT
Are you serious? PC could have just loaned SCFC the cash? So he could take it all back and cripple the club if he wanted to?!
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Post by Do eet fer Paddock on Feb 12, 2009 19:13:53 GMT
It's also about sound management of the club and its finances. I'm sure we could have brought in several more players for 2/3/5 million quid this season - but Coatesy gave TP a budget and hopefully we stuck to it. You look at how much Leeds spent in particular, with nothing to back it up. That club appears fucked for the long term - I don't think they even own their ground anymore do they? If ever the wealthy backers of many Prem clubs were to suddenly withdraw with no replacement, there could be real trouble - Pompey and West Ham are currently in a bit of trouble already, while Boro and Newcastle have drawn a lot of cash from their owners in recent years. I'm sure there are other examples. I think we are quite fortunate in that we fill our stadium almost every week and could probably sell more tickets whilst in the Prem, so in that respect we could probably survive as an enterprise with minimal equity injections. However, that drop down to the Championship would see attendances at least 10k lower, and the concurrent decline in merchandise revenue etc. would leave us deep in the shit without St Pete or someone similar. I doubt if gate receipts and merchandising even scrath the surface of current wage and fee demands. It's all down to prem TV payments and parachute payments to those relegated. Without them we'd be bum screwed upto the small intestines. Thank the Lord St Peter finally hit the business jackpot and made good on previous cock ups. |
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Post by Sparkiee on Feb 12, 2009 19:23:59 GMT
Are you serious? PC could have just loaned SCFC the cash? So he could take it all back and cripple the club if he wanted to?! He's a stoke fan. Why would he want to do that? |
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