DEBT BREAKDOWN
Loans
Coutts & Co (another bank) created 15 July 2009 - debt unknown
Certain
Balram Chainrai ('short-term' loans) £18.75m
Lens (Dindane and Belhadj - Lens 'agreed' revised repayment plan after defaulting) £4m-8m
Rennes (Utaka transfer - Rennes 'want Portsmouth shut down' after defaulting) £4m-£6m
Chelsea (Johnson transfer) £3m
Campbell (former player suing for 'image rights') £1.7m
Claimed
Udinese (Muntari transfer - reported Portsmouth to Court of Arbitration) £4m
Spurs (Kaboul transfer inc. add ons in event of resale) £3.5m
Agents (Diarra transfer - Willie McKay, other) £3m
Disputed
Alexandre Gaydamak Jnr (£9m due this Jan, further £19m to follow - just paid £2.5m to Barclays to clear overdraft, repayment 'negotiable' according to The News) £30.5m
HMRC £11m (disputed - Portsmouth claim to have paid £4m and are due a return!)
Speculative
Watford (Smith, Williamson transfers) £3m
Rolling Debt
Estimated £3m in wages, per month
Debt Settled
Standard Bank (settled 26 Sep 2009)
Singer & Friedlander (4 Nov 2009)
Barclays (paid by Gaydamak Jan 2010)
TOTAL DEBT (my conservative estimate): Around £85m
Other Notes 'meanwhile, in other news...'
- Manager widely reported to be visiting brothels
- 2 skint Arabs who have continued to tussle for power (Al-Fahim owns 10% of nothing, 'Falcondrone' of Al-Mirage owns 90% of the remaining nothing)
- Shady Israeli-French-Russian former chairman and equally shady ex-arms dealing Israeli-French-Russian father of previous chairman in the background asking for repayment on past expenditure whilst tying up all the important land around Fratton Park
- Ex-manager Harry Redknapp in court for tax evasion
- Ex-chairman Milan Mandaric in court for cheating public revenue
- CEO in court for tax evasion (Storrie claims that he thought Hayling Island was 'offshore')
- Shamed ex-Israeli lawyer banned from practicing/elected as director in charge of their affairs
- Only around 10,000 season ticket holders
- 'Kids a quid' even failing to improve attendances - still averaging less than Southampton and is one the lowest in the Prem
- New 'Potty' ground at Horsea on hold until 2027
- No training ground - still training in a field in Eastleigh
- Don't own their own ground - secured against a loan to pay staff wages
- Gaydamak owns most valuable land around Fratton Park which will prevent any redevelopment for as long as they are in dispute- Players being paid astronomical wages SOMETIMES ALMOST DEFINITELY MAYBE (Utaka £80,000, James £60,000 and still on the payroll)
- Short-term loans in abundance, no doubt with a huuuuuuuuuge emphasis on interest
- Youth team disbanding
- Coaches, scouts and other staff already 'culled'
- HMRC winding up order Feb 10th
- Attempting to sell Mike Williamson to Newcastle for £1m, only later to discover that any resale will evoke a clause meaning they would have to pay Watford £1.25m
- 6,000 odd for the FA Cup 3rd round, 8,000 odd for the an all-Prem tie in the following round
- Rumours of trying to scam the Premier League to remove the embargo by not naming all the alloted substitutes in games
- Rumours of the club 'watering' the pitch overnight to get the home game versus B'ham called off while missing 4 players at the ANC
- Persistant lying/backstabbing/deckchair shuffling/arguing/squabbling between directors, fans
Have I missed anything? Please, let me know :-D
