harry redknapp

fast as fupp

i bet his face dropped when pompeys second went in! :shock:

deptfordmarmoset

No more than when Spurs' first was disallowed...

Smokin Joe

I'm delighted for Pompey, but....

They're in the Cup Final with a squad they can't afford and never could. That's financial doping and massively unfair on everyone else. They should have been disqualified from the competition when they went into administration.

apple15

Great result for the team, Sweet justice for the clown that left us in this mess in the first place

Frank the tank

So many teams are competing when in a state of total financial disarray,

The whole financial side of football does my head in which as you quite rightly say equates to "financial doping"

The team I follow have had three seasons of crapness but they cut their cloth according. Others in our division have run up massive debts but avoided the drop.

stuaff

Smokin Joe wrote:

I'm delighted for Pompey, but....

They're in the Cup Final with a squad they can't afford and never could. That's financial doping and massively unfair on everyone else. They should have been disqualified from the competition when they went into administration.

Rules are rules. You're not wrong, the squad they had (and not have!) they couldn't afford. But they've been punished already (the points deduction that ensured relegation, a further points deduction next season if they don't come out of admin). Not forgetting the many non-playing staff now on the dole or on reduced pay. A large chunk of the expensive playing assets were in white today.... It's not the fault of Avram Grant, the new management team, the current playing staff, let alone the fans, that the last few months' chaos happened.

I think after all that we're allowed a day or two in the sun......
Anyway, how much debt would Chelsea be in without Abramovitch? How much debt have the Glazers & Hicks & Gillett dumped on Man U and Liverpool? But they're different, right?

acidstrato

StuAff wrote:

Smokin Joe wrote:

I'm delighted for Pompey, but....

They're in the Cup Final with a squad they can't afford and never could. That's financial doping and massively unfair on everyone else. They should have been disqualified from the competition when they went into administration.

Rules are rules. You're not wrong, the squad they had (and not have!) they couldn't afford. But they've been punished already (the points deduction that ensured relegation, a further points deduction next season if they don't come out of admin). Not forgetting the many non-playing staff now on the dole or on reduced pay. A large chunk of the expensive playing assets were in white today.... It's not the fault of Avram Grant, the new management team, the current playing staff, let alone the fans, that the last few months' chaos happened.

I think after all that we're allowed a day or two in the sun......
Anyway, how much debt would Chelsea be in without Abramovitch? How much debt have the Glazers & Hicks & Gillett dumped on Man U and Liverpool? But they're different, right?

well, yes

staff are being paid in full on time and clubs owed money are being paid. portsmouth did neither midway through the season and they still owe shitloads for players that 'arry bought

imo portsmouth should be restricted to who they can field but ahwell, their down anyway so no need to kick em any further I suppose. Are they even allowed to keep award funds from the cup?

got off lightly though I think

Smokin Joe

Man Utd, Liverpool and Chelsea are in debt but they are not insolvent. In the case of the first two they may well become so because unless they can find a buyer who will clear those debts they will eventually be unable to meet them, but for the moment they are doing nothing untoward, they are paying their way. There is nothing wrong with debt in itself, none of us would ever be able to afford a house otherwise.

But in the case of Portsmouth, they are operating with a squad of players they could never legitimately afford to aqquire or pay, and they are also being susidised by the taxpayer who has had to write off millions of pounds in unpaid tax. It isn't a case of kicking Pompey when they are down, they have got to the Cup Final at the expense of other clubs who are operating within their means. They should have been kicked out of the competition.

The only saving grace is they have got there at the expense of a man who has left a trail of financial bereft clubs behind him, my own, West Ham being a case in point. It will be interesting to see what comes out when Flash 'Arry has to face a judge and jury.

sheepworryingbhoy

Wished I'd stuck a tenner on a Ross County - Portsmouth double

fast as fupp

Smokin Joe wrote:

Man Utd, Liverpool and Chelsea are in debt but they are not insolvent. In the case of the first two they may well become so because unless they can find a buyer who will clear those debts they will eventually be unable to meet them, but for the moment they are doing nothing untoward, they are paying their way. There is nothing wrong with debt in itself, none of us would ever be able to afford a house otherwise.

But in the case of Portsmouth, they are operating with a squad of players they could never legitimately afford to aqquire or pay, and they are also being susidised by the taxpayer who has had to write off millions of pounds in unpaid tax. It isn't a case of kicking Pompey when they are down, they have got to the Cup Final at the expense of other clubs who are operating within their means. They should have been kicked out of the competition.

The only saving grace is they have got there at the expense of a man who has left a trail of financial bereft clubs behind him, my own, West Ham being a case in point. It will be interesting to see what comes out when Flash 'Arry has to face a judge and jury.

being a whu fan you should be glad that pompey are still operating or your club could be going down

beverick

fast as fupp wrote:

i bet his face dropped when pompeys second went in! :shock:

How would you tell?

Smokin Joe wrote:

Man Utd, Liverpool and Chelsea are in debt but they are not insolvent. In the case of the first two they may well become so because unless they can find a buyer who will clear those debts they will eventually be unable to meet them, but for the moment they are doing nothing untoward, they are paying their way. There is
nothing wrong with debt in itself, none of us would ever be able to afford a house otherwise.
...

Man Utd generate sufficient revenue to service their debt. Indeed, the Glazers managed to take a further £100m out of the club in 2009.

However, Liverpool FC are in deep do-do's. They are technically insolvent as if you take their tax liability, depreciation and amortisation from their profit you end up with a negative number - and a large one at that. Royal Bank of Scotland and U.S. bank Wachovia know this and won't offer 'terms' longer than a year on the debt. Meanwhile, the current owners haven't been able to find a rich, or willing enough benefactor to take either the debt or the club in its entirity of their hands to remove the burden. This has lead to turmoil with the board and the third major re-organisation of the board in the last year looks imminent. Hopefully, the involvement of a new chairman and the Barclays Investment bank may help resolve the current issues.

If not, Liverpool FC are next year's Portsmouth, or Leeds Utd.

Bob

Cressers

They're in the Cup Final with a squad they can't afford and never could. That's financial doping and massively unfair on everyone else. They should have been disqualified from the competition when they went into administration

Actually the squad we have now are the post-big spending boom players bought quickly just before the august '09 transfer window closed. Unfair on everyone else? Well just one of Spurs' players could be sold for more than our squad is worth. They had their chances and thay didn't take them.

And the Premier League's Fit And Proper Person Test? The dodgy owners who have got us into this mess all passed with flying colours, the PL's lack of regulatory oversight can't go unremarked.

snailracer

IMHO this is all business as usual. Taking out debts and gambling on success is what businesses (and mortgage borrowers) do, and football is mostly business. You would expect clubs to be in various states of financial stability, just as some businesses are more secure than others. In a forest, not all the trees are healthy.

If there is anything that is odd and unfair, it would be cases like Chelsea, where the economic rules don't seem to apply. I don't remember ever walking down the high street and getting top goods for free, funded by some billionaire because he thinks it's amusing.

spen666

StuAff wrote:

Smokin Joe wrote:

I'm delighted for Pompey, but....

They're in the Cup Final with a squad they can't afford and never could. That's financial doping and massively unfair on everyone else. They should have been disqualified from the competition when they went into administration.

Rules are rules. You're not wrong, the squad they had (and not have!) they couldn't afford. But they've been punished already (the points deduction that ensured relegation, a further points deduction next season if they don't come out of admin). ....

Yes, but even if you deducted Portsmouth 50 points a season for the next 10 years, that does nothing to alleviate the "unfair advantage" they get in the FA Cup.

There needs to be punishments for all competitions.

I like the idea of teams in administration being unable to enter cup competitions or being thrown out if they are already in competion when go into admin.

Portsmouth cannot take part in Europa League next season even if they win the FA Cup

Cressers

...because the club neglected to complete the necessary paperwork in time, and would fail to comply with the europa standards if it did submit an application.

I sense some bitterness here...

spen666

snailracer wrote:

IMHO this is all business as usual. Taking out debts and gambling on success is what businesses (and mortgage borrowers) do, and football is mostly business. You would expect clubs to be in various states of financial stability, just as some businesses are more secure than others. In a forest, not all the trees are healthy.

If there is anything that is odd and unfair, it would be cases like Chelsea, where the economic rules don't seem to apply. I don't remember ever walking down the high street and getting top goods for free, funded by some billionaire because he thinks it's amusing.

have you seen the prices at Stamford Bridge- Abramovich is not giving anything away

shouldbeinbed

Frank the tank wrote:

So many teams are competing when in a state of total financial disarray,

The whole financial side of football does my head in which as you quite rightly say equates to "financial doping"

The team I follow have had three seasons of crapness but they cut their cloth according. Others in our division have run up massive debts but avoided the drop.

I'm a Blyth fan, I quite liked my trips to Hucknall & I know what you mean, that teams can run up large six figure debts at our level is insane. We nearly went to the wall for £80K a few years back & now run a very tight ship, we'll never be much more than mediocre mid table fodder and that can be frustrating as hell at times even with the cup windfall last year, but at least I know my team will be there next year, like you guys.
I fear for the Fleetwoods and Gatesheads if the money men get bored of it or squeezed too hard & I doubt Newcastle Blue Star, Farsley and Chester will be the last to implode or go completely once the season is over.

I don't think it'll be much longer before we see regionalisation coming back further up the tables than our two.

spen666

shouldbeinbed wrote:

Frank the tank wrote:

So many teams are competing when in a state of total financial disarray,

The whole financial side of football does my head in which as you quite rightly say equates to "financial doping"

The team I follow have had three seasons of crapness but they cut their cloth according. Others in our division have run up massive debts but avoided the drop.

I'm a Blyth fan, I quite liked my trips to Hucknall & I know what you mean, that teams can run up large six figure debts at our level is insane. We nearly went to the wall for £80K a few years back & now run a very tight ship, we'll never be much more than mediocre mid table fodder and that can be frustrating as hell at times even with the cup windfall last year, but at least I know my team will be there next year, like you guys.
I fear for the Fleetwoods and Gatesheads if the money men get bored of it or squeezed too hard & I doubt Newcastle Blue Star, Farsley and Chester will be the last to implode or go completely once the season is over.

I don't think it'll be much longer before we see regionalisation coming back further up the tables than our two.

I'm a long standing fan of non league football in the North East and my local club went bust mid season about 5 years ago- Spennymoor United as was. Look up the court cases that caused over the wiping or not of the playing record.

I have nothing against Portsmouth fans, but would love to see the club go out of business completely as it is going to take a big club going bust, not lots of little ones for the game to get a grip of its stupid finances

Cressers

If you want Change you'll have to wait for ManU or Liverpool to collapse under their debt. The PL were no doubt glad to be rid of us from their plastic league, and to be honest, many Pompey fans arn't that bothered that we'll be in the Championship next season.

Ben6899

Spennymoor United? NCEL Prem?

spen666

Ben6899 wrote:

Spennymoor United? NCEL Prem?

Amongst others

Northern League
NCEL
NPL - premier division then back to 1st division when went bankrupt I believe. They simply failed to turn up at games at the end of that fateful season

spen666

Cressers wrote:

...because the club neglected to complete the necessary paperwork in time, and would fail to comply with the europa standards if it did submit an application.

I sense some bitterness here...

bitterness from whom?

I'm neither a Portsmouth fan, not a Spurs fan, nor indeed a fan of a Premiership side ( well not until the AGM of the Premier League) so it has no immediate impact on me

Ben6899

spen666 wrote:

Ben6899 wrote:

Spennymoor United? NCEL Prem?

Amongst others

Northern League
NCEL
NPL - premier division then back to 1st division when went bankrupt I believe. They simply failed to turn up at games at the end of that fateful season

Yeh I'm sure my brother has played against them, but I cannot recall which team he was with at the time - either in the Unibond with Frickley or one of the NCEL teams?

I didn't realise the club had ceased to exist.

spen666

Ben6899 wrote:

spen666 wrote:

Ben6899 wrote:

Spennymoor United? NCEL Prem?

Amongst others

Northern League
NCEL
NPL - premier division then back to 1st division when went bankrupt I believe. They simply failed to turn up at games at the end of that fateful season

Yeh I'm sure my brother has played against them, but I cannot recall which team he was with at the time - either in the Unibond with Frickley or one of the NCEL teams?

I didn't realise the club had ceased to exist.

It reemerged the next season. In the summer Spennymoor United Went bust, local side Evenwood Town were on verge of folding owing to ground problems re vandalism etc. So Evenwood did a Wimbledon and moved to Spennymoor's ground and became Spennymoor Town. They are top of Northern League Div 1 this season and almost certain to win title as are about 15 points ahead of FA Vase Finalists (& holders) Whitley Bay.

New owners are trying to put club on sound financial footing again. Building from grass roots upwards.

Ben6899

Good to see the club reforming, we don't like to see grass root clubs (or any for that matter) folding.

From what I can see, it will have been the old United he played against unless they were drawn against Town in the FA Vase.

Stewie Griffin

Its a stupid game anyway .

What a poor pitch, how can my club (and many others) produce pitches that are fit for use week in week out through our winter and our National Stadiums pitch is an embarrassment. Someone will do a ligament playing on that.

Dawson WOULD have cleared that ball had the pitch been fit and had we had a proper Ref who would have seen Palacios tackle was perfect and that there was nothing wrong with our Goal, we woz robbed, I want someone sued :x

Its not 'Arry's fault that your Chairman signed cheques your club couldnt afford. The First Team Manager is not in control of Finances, or he isnt at Spurs anyway. Which is probably why we arent in debt .

Rant over (for now, it might pop up again later), well done Pompei, you deserve the win, would love to see you win the Final too.

snailracer

spen666 wrote:

snailracer wrote:

IMHO this is all business as usual. Taking out debts and gambling on success is what businesses (and mortgage borrowers) do, and football is mostly business. You would expect clubs to be in various states of financial stability, just as some businesses are more secure than others. In a forest, not all the trees are healthy.

If there is anything that is odd and unfair, it would be cases like Chelsea, where the economic rules don't seem to apply. I don't remember ever walking down the high street and getting top goods for free, funded by some billionaire because he thinks it's amusing.

have you seen the prices at Stamford Bridge- Abramovich is not giving anything away

Do you think ticket prices would even cover the players' wages, let alone transfer fees?

spen666

snailracer wrote:

spen666 wrote:

snailracer wrote:

IMHO this is all business as usual. Taking out debts and gambling on success is what businesses (and mortgage borrowers) do, and football is mostly business. You would expect clubs to be in various states of financial stability, just as some businesses are more secure than others. In a forest, not all the trees are healthy.

If there is anything that is odd and unfair, it would be cases like Chelsea, where the economic rules don't seem to apply. I don't remember ever walking down the high street and getting top goods for free, funded by some billionaire because he thinks it's amusing.

have you seen the prices at Stamford Bridge- Abramovich is not giving anything away

Do you think ticket prices would even cover the players' wages, let alone transfer fees?

no, but its not a case of getting anything FREE as a fan at Chelsea

snailracer

spen666 wrote:

snailracer wrote:

spen666 wrote:

snailracer wrote:

IMHO this is all business as usual. Taking out debts and gambling on success is what businesses (and mortgage borrowers) do, and football is mostly business. You would expect clubs to be in various states of financial stability, just as some businesses are more secure than others. In a forest, not all the trees are healthy.

If there is anything that is odd and unfair, it would be cases like Chelsea, where the economic rules don't seem to apply. I don't remember ever walking down the high street and getting top goods for free, funded by some billionaire because he thinks it's amusing.

have you seen the prices at Stamford Bridge- Abramovich is not giving anything away

Do you think ticket prices would even cover the players' wages, let alone transfer fees?

no, but its not a case of getting anything FREE as a fan at Chelsea

So what do you reckon, 50% off?

fast as fupp

If not, Liverpool FC are next year's Portsmouth, or Leeds Utd.

Bob


i hope youre right Bob!

Stewie Griffin

Yid army. Arry give us a wave, arry arry give us a wave, yaaaaaay 8) Squeaky bum time now. Next contenders please