Rebel
12-04-2009, 12:23 PM
Pompey have posted a loss of £16.6M for 2007/2008:
http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/7988831.stm
and are over £100M in debt according the Portsmouth News:
http://www.portsmouth.co.uk/newshome/Pompey39s-debts-not-unusual-in.5157352.jp
but the Skates aren't worried apparently as debts of that size are common in foobtall:
http://www.bbc.co.uk/dna/606/A49622673
I don't know about you but I think they should be! Apart from Liverpool and Man Utd I'm not sure any other club has debts like that - with nothing to show for it other than an FA Cup. Maybe the Gunners - but Arsenal's debt is all about the Emirates stadium.
And it looks like they bought the FA Cup - with that outlay you'd have thought they'd have won a bit more than the solitary cup. He not that good a manager Redknapp is he really when you look at that!
If they get relegated this season - which is still quite possible - Saints current situation will look like a party! Surely administration would be a certainty!
At least we've got a 32,000 seater stadium, a decent academy and training ground to show for our paltry £7 million debt and £23 million mortgage.
Doesn't look good for Pompey unless they find a buyer in the summer - but why would anyone buy them when the first thing they'd have to do is pay off the debts, build a stadium and a training ground.
I expect someone will though!
Surely they wil sell players like Crouch, Krankjar and Johnson in the Summer to pay off some of the debt and reduce their wage bill - but that's going to put them right amongst the favourites for relegation next season if they stay up this season.
Could the unnamed debtor for £7 million be Mandaric by any chance - i.e. the money he was never paid for the club!
http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/7988831.stm
and are over £100M in debt according the Portsmouth News:
http://www.portsmouth.co.uk/newshome/Pompey39s-debts-not-unusual-in.5157352.jp
but the Skates aren't worried apparently as debts of that size are common in foobtall:
http://www.bbc.co.uk/dna/606/A49622673
I don't know about you but I think they should be! Apart from Liverpool and Man Utd I'm not sure any other club has debts like that - with nothing to show for it other than an FA Cup. Maybe the Gunners - but Arsenal's debt is all about the Emirates stadium.
And it looks like they bought the FA Cup - with that outlay you'd have thought they'd have won a bit more than the solitary cup. He not that good a manager Redknapp is he really when you look at that!
If they get relegated this season - which is still quite possible - Saints current situation will look like a party! Surely administration would be a certainty!
At least we've got a 32,000 seater stadium, a decent academy and training ground to show for our paltry £7 million debt and £23 million mortgage.
Doesn't look good for Pompey unless they find a buyer in the summer - but why would anyone buy them when the first thing they'd have to do is pay off the debts, build a stadium and a training ground.
I expect someone will though!
Surely they wil sell players like Crouch, Krankjar and Johnson in the Summer to pay off some of the debt and reduce their wage bill - but that's going to put them right amongst the favourites for relegation next season if they stay up this season.
Could the unnamed debtor for £7 million be Mandaric by any chance - i.e. the money he was never paid for the club!