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Pompey Takeover Saga

Fitzhugh Fella

By Fitzhugh Fella,
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StuRomseySaint

StuRomseySaint

Posted
Posted
I am inclined to agree with both you and Gemmel but its not just about profit that attracts people to buying a club is it. There are people interested for whatever reason I have no idea why....I wouldn't lol

 

Yes, I know it's not about profit... but it is about having the facilities ready made to win trophys etc... the fans to come through the door to pay the bills.

 

I could go through probably about 70% of the clubs in Premiership and Championship who would be a much more attractive proposition ( and cheaper ) then P*mpey.

 

Nobody in their right mind is going to pay the sort of money, including debts to take on a team who, will almost certainly be playing in the Championship next year.

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solentstars

solentstars

Posted
Posted
let's try and cut through all the delaying spin and rumour and look at facts (and some guesses!).

 

Chanrai has claimed the security of his loan today - and I would wager that he has no intention of paying anything else unless it buys him time to an even bigger payday, and that is months and another £20M investment away.

He wants control of the club but not the debt responsibility that goes with that.

 

Is his claim to the whole club legal? Possibly not if the later assets were secured after the petition was launched.

Is a petty internal dispute over ownership a reason for the taxman to be lenient? No.

Is it legal under the winding up order for him to assume control and deny responsibility for the debt? No.

Will he pay it? No.

Will he deliver a new owner by Wednesday? No.

Will the taxman give him more time? Only if he demonstrates some ability or enthusiasm for paying them.

Will he do that? No.

 

Has anything changed today? It's become more complex and made it more unlikely that they can avoid the chop next week.

 

Does the taxman care about anything other than payment?

 

 

In a word, no.

 

 

Have they changed deckchairs on the Titanic? Yes.

 

i think you are spot on with that post,i for one think its not long left for pompey fc to survive .

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Give it to Ron

Give it to Ron

Posted
Posted

 

http://www.timesonline.co.uk/tol/sport/football/premier_league/portsmouth/article7015876.ece

 

As posted above this really cracks me up.....

 

She defended his action as a form of stress relief for the manager of the top flight’s worst side. “He’s the Portsmouth manager and it’s a tough job,” she said. “He needs a massage not from one woman but two. Morning and night. He’s a great manager with amazing potential who is stuck in a s****y team

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pedg

pedg

Posted
Posted

"It's certainly good value. The club will go for nothing. The new owner would, though, have to take on the debt, and excluding the money owed to Sacha Gaydamak, the debts are down to £25 million, and most of those are normal footballing debts."

So where does the 17 million from Chainrai come into it? Can't believe he could write it off? Not to mention the HMRC debt? More fibbing I expect, will see what happens if these people finally get a look at the books.

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edsaint

edsaint

Posted
Posted
http://soccernet.espn.go.com/news/st...ngland&cc=5739

"It's certainly good value. The club will go for nothing. The new owner would, though, have to take on the debt, and excluding the money owed to Sacha Gaydamak, the debts are down to £25 million, and most of those are normal footballing debts."

 

Brilliant - its nothing apart from the £25 million debt to service.

Oh and the £30 odd million due to Gaydmark but you are welcome to go to court on that one.

And did I mention that we still don't cover our operating costs so you'll have to subsidise that?

And if you want to get back to/stay in the premiership you have going to find an extra £20 million a year or so for transfer fees to restore the depleted squad plus subsidise the bloated wages.

And say £75 million for a new gound and training ground.

 

But its great value.

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Under Weststand

Under Weststand

Posted
Posted

So does the footballing debt include 20-million owed to Chaianrai, or are his debts & HMRC & Gaydmark all on top of that? so is that 85-mill debt or a mere 65-mill.

Or is it 25 + 20 + HMRC ignore Gaydmark = about 65-mill or 25 + HMRC ignore Gaydmark = 35-mill ish or ????????

I'm confused :confused:

Or can they ignore some other debts, just put the red bills down the back of the fire place or hide them in a draw somewhere, if there not already full!

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StuRomseySaint

StuRomseySaint

Posted
Posted
Brilliant - its nothing apart from the £25 million debt to service.

Oh and the £30 odd million due to Gaydmark but you are welcome to go to court on that one.

And did I mention that we still don't cover our operating costs so you'll have to subsidise that?

And if you want to get back to/stay in the premiership you have going to find an extra £20 million a year or so for transfer fees to restore the depleted squad plus subsidise the bloated wages.

And say £75 million for a new gound and training ground.

 

But its great value.

 

I think you are forgetting the small matter of a new stadium ( £100m because they see to keep coming up with obsenely expensive plans )

 

Or another £10m or so to build a training ground.

 

Not to mention this will all take place without Sky money because they are almost certain to be in the Championship next year.

 

Wow.... thats a bargain, I'll have 2 please.

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aintforever

aintforever

Posted
Posted

So the way I see it, Chainrai either:

 

A) Chucks millions down a black hole to keep them afloat and effectively spends a fortune for a Championship club.

 

B) Lets them go bust and writes off his £15mill but I expect keep the land and the ground for redevelopment.

 

C) Finds a buyer in the next few days.

 

D) Lets the football club go into admin and keep the ground holding any future purchaser to ransom.

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CB Saint

CB Saint

Posted
Posted
So the way I see it, Chainrai either:

 

A) Chucks millions down a black hole to keep them afloat and effectively spends a fortune for a Championship club.

 

B) Lets them go bust and writes off his £15mill but I expect keep the land and the ground for redevelopment.

 

C) Finds a buyer in the next few days.

 

D) Lets the football club go into admin and keep the ground holding any future purchaser to ransom.

 

A or C seem the only option as he wouldn't be able to separate the ground at this stage - the liquidator would take it.

 

Seeing as Chanrai hates football and just wants his £17m back, it's C or bust.

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rallyboy

rallyboy

Posted
Posted

are they going to let potential new owners consider the Luton Town scenario before they look through the books or after?...

 

Let's presume a good result for them at the court and creditors accepting restructured payments over the next two or three years.

So all of the debt is sorted, but new running costs would have to be in the region of £5/6M a month to cover repayments, which would be -

In the Champions League - break even?

In the Prem - Unsustainable.

In the Championship - Insane.

 

Even at a squeeze these costs might only come down to £4M a month - and that's without buying players or any progress on stadium or training facility.

They really need either Chanrai or Landmine boy to write off their debts to make the club viable - good luck with that one.

 

The main players may have swapped seats but the figures still don't add up.

They are trying to sell a business that even in the best case scenario appears to be losing money.

And that's without the mention of financial irregularities - whoops, I mentioned it.

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Saint Keith

Saint Keith

Posted
Posted (edited)
So the way I see it, Chainrai either:

 

A) Chucks millions down a black hole to keep them afloat and effectively spends a fortune for a Championship club.

 

B) Lets them go bust and writes off his £15mill but I expect keep the land and the ground for redevelopment.

 

C) Finds a buyer in the next few days.

 

D) Lets the football club go into admin and keep the ground holding any future purchaser to ransom.

 

his only real options are B or D. A would be total madness, no one can surely be that insane. and C is not going to happen in the current mess, or it would have happened by now

 

his only serious options are to let them be liquidated, or let them go into admin, and pray that his charge over the ground stands up

 

either way, he is going to lose millions. either he chooses to lose a load now and cuts his losses, or he gambles that he might make a return in 5-10 years if he chucks in another £50m

Edited by Saint Keith
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dronskisaint

dronskisaint

Posted
Posted
You don't become personally liable for a company's debt simply because you own the company. This seems to be a common misconception round here.

 

Not strictly the case - PFC is a limited company..or was-maybe even that has changed - but if so then the directors (unless they have signed director guarantees) are not personally responsible for the debt. They can be held accountable, however, for mismanagement &/or fraudulent trading of the company which is where they do become personally liable.

 

The other part of the equation is pertaining to the contract exchanged between buyer & seller. This can - within the law - exclude certain liabilities from the purchaser but those liabilities woul have to be legally accountable to a specific person or people from within the pool of former directors...it couldn't be assigned to another company, for instance, as that could then go bust leaving the liability unsatisfied & the creditors still unpaid.

 

This is all my reading of it & I'm happy to be corrected by someone who has more relevant knowledge...I run a reasonable sized company but we pay our bills, taxes etc so have no specialist knowledge but to my mind the ownership is irrelevant.

 

If the company cannot meet it's statutory requirement to pay it's tax or any other debts then it will go in to administration or bankrupt. It is illegal to continue trading when the company (represented in the case of a limited company by it's directors) to knowingly continue to trade when there is no chance of the creditors receiving their due payment. To my mind PFC have been in this position for a number of months & I cannot see how a winding up order wouldn't be instituted immediately on Wednesday - remembering that this is the end of the process to collect the owed tax & not the start. Dubai Phil (I think) put his finger on it when he said that they have tried every slippery trick in the book to delay & stall the payments (I'm sure small companies have gone out of business &/or suffered by not being paid in the PO area) but hopefully the 10th February should be the day of reckoning.

 

The HMRC have a duty way beyond sentiment to collect tax & I hope they don't shirk it next Wednesday.

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benjii

benjii

Posted
Posted
A or C seem the only option as he wouldn't be able to separate the ground at this stage - the liquidator would take it.

 

Seeing as Chanrai hates football and just wants his £17m back, it's C or bust.

 

The liquidator can't override his security - he would still get the lion's share of the proceeds of sale of those assets (assuming the security isn't subject to challenge under the Insolvency Act).

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benjii

benjii

Posted
Posted (edited)
Not strictly the case - PFC is a limited company..or was-maybe even that has changed - but if so then the directors (unless they have signed director guarantees) are not personally responsible for the debt. They can be held accountable, however, for mismanagement &/or fraudulent trading of the company which is where they do become personally liable.

 

The other part of the equation is pertaining to the contract exchanged between buyer & seller. This can - within the law - exclude certain liabilities from the purchaser but those liabilities woul have to be legally accountable to a specific person or people from within the pool of former directors...it couldn't be assigned to another company, for instance, as that could then go bust leaving the liability unsatisfied & the creditors still unpaid.

 

This is all my reading of it & I'm happy to be corrected by someone who has more relevant knowledge...I run a reasonable sized company but we pay our bills, taxes etc so have no specialist knowledge but to my mind the ownership is irrelevant.

 

If the company cannot meet it's statutory requirement to pay it's tax or any other debts then it will go in to administration or bankrupt. It is illegal to continue trading when the company (represented in the case of a limited company by it's directors) to knowingly continue to trade when there is no chance of the creditors receiving their due payment. To my mind PFC have been in this position for a number of months & I cannot see how a winding up order wouldn't be instituted immediately on Wednesday - remembering that this is the end of the process to collect the owed tax & not the start. Dubai Phil (I think) put his finger on it when he said that they have tried every slippery trick in the book to delay & stall the payments (I'm sure small companies have gone out of business &/or suffered by not being paid in the PO area) but hopefully the 10th February should be the day of reckoning.

 

The HMRC have a duty way beyond sentiment to collect tax & I hope they don't shirk it next Wednesday.

 

Quite simply, if a company owes a debt, the company is the debtor. The owners are only relevant if they guarantee it.

 

If you have shares in BA, for example, you aren't responsible for their pensions defecit. That's the whole point of a limited company. The members' liablities are limited to the value of their shares. To take an analogy closer to home, you didn't get Aviva or Barclays writing to the owners of SLH PLC asking for money. SLH PLC owed the debt; not the owners.

 

Yes, it is possible for directors to become liable for things under varous statutory provisions but this has nothing to do with the terms of any loan.

 

EDIT - I've just reread your post and we are basically agreeing with each other! ;)

Edited by benjii
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dubai_phil

dubai_phil

Posted
Posted

A couple of very genteel days working at the golf so far this week. Had a swap round and let some of the newbies look after the big names first two days. As a result spent last two days watching Pro's make us hackers look good thanks to the length of the rough. Anyway the two minor smirks were-

 

#1 that Tom Watson, he doesn't hit the ball far these days but he knows how to keep it on the straight and narrow..... (unlike some Premier League football clubs owners) - local radio commentary today :-)

 

And got home to see that the movie on MBC Persia was Payback.....

 

Ahhh,

 

and a nice riposte from a Swindon fan who's a well known but suffering golfer these days - when he found out I was a Saint - "you must be loving that mess up the M27 even more than we are...."

 

So what will tomorrow bring? Chanrai arrested at Heathrow because he tried to run screaming through the new Bodyscanners in his haste to get out the country?

 

Maybe Dubai Holdings will turn up as their new saviours. They must have a pretty good understanding of how to handle debt - after all they only owe $80billion or so.

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Corporate Ho

Corporate Ho

Posted
Posted
Yes, I know it's not about profit... but it is about having the facilities ready made to win trophys etc... the fans to come through the door to pay the bills.

 

I could go through probably about 70% of the clubs in Premiership and Championship who would be a much more attractive proposition ( and cheaper ) then P*mpey.

 

Nobody in their right mind is going to pay the sort of money, including debts to take on a team who, will almost certainly be playing in the Championship next year.

 

Unless, of course, the football side is only part of the attraction and not a development around it that would pay for a large chunk of the stadium cost. A hotel/ conference centre and concert venue for example. Don't forget there's around £20m to come from the PL even for the team that finishes bottom (as we undoubtedly will) plus the parachute payments. My guess is that HMRC will do a deal as long as the club/ PL guarantee their cash will be paid out of the end of season SKY cash. I'm sure they'd rather get their money than wind the club up and get nothing.

 

Whether we'll be wound up or not and whether new owners will come in I'm not sure but I think your lots bitterness to all things blue is clouding your judgment on this one.

 

But there seems to be so many experts on here that I guess you all must be right and no-one will buy PFC :D

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Daren W

Daren W

Posted
Posted
Regarding point 3. What on earth are the unique circumstances that justify Portsmouth not being docked 9 points should they go into administration?

 

This delegation is a joke.

 

3: Suitability of punishments for entering Administration: Due to the unique circumstances that have beset Portsmouth FC, the Premier League should accept that there SHOULD NOT be any points deduction if the club enters Administration or is taken over by the Premier League.

 

Do these retards think that any football club that entered administration did so lightly? Does being inept and having inept owners somehow exempt them from being punished? We had idiots like Lowe and Wilde, can we ask for our 10 points back?? Or do they really think their Premiership status means they're exempt from all bad things??

 

If this was some League One club they'd say nothing, why should boardroom incompetence be excused just because it's them?

 

Utter, utter stupidity...

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StuRomseySaint

StuRomseySaint

Posted
Posted
Unless, of course, the football side is only part of the attraction and not a development around it that would pay for a large chunk of the stadium cost. A hotel/ conference centre and concert venue for example. Don't forget there's around £20m to come from the PL even for the team that finishes bottom (as we undoubtedly will) plus the parachute payments. My guess is that HMRC will do a deal as long as the club/ PL guarantee their cash will be paid out of the end of season SKY cash. I'm sure they'd rather get their money than wind the club up and get nothing.

 

Whether we'll be wound up or not and whether new owners will come in I'm not sure but I think your lots bitterness to all things blue is clouding your judgment on this one.

 

But there seems to be so many experts on here that I guess you all must be right and no-one will buy PFC :D

 

So your end of season Sky cash ( your last clump because you and me both know you will be Championship next year )

 

You might settle HMRC but there is absolutely no way you will avoid administration, your best case scenario is to be dropped into it before it counts next season... you've then got the worries of satisfying HMRC because they have fooked many a club over when it comes to CVA's

 

Now, seriously, as I have said before, my old man is a director of one of the largest companies in P*rtsmouth so he knows all the faces in your sesspit of a town... Chanrai's reasons for calling in his debt is not to save P*mpey... and he knows as well as the rest of us, that until admin, you won't find a buyer.

 

In the eyes of any investor, you are a Championship team... the level of money you are talking about for someone to invest in a Championship team is absurd... especially when there is better, and with more potential available ( Newcastle and Palace to name a couple )

 

I have it on good authority that you are dooooooooooooomed.

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Clapham Saint

Clapham Saint

Posted
Posted
Unless, of course, the football side is only part of the attraction and not a development around it that would pay for a large chunk of the stadium cost. A hotel/ conference centre and concert venue for example. Don't forget there's around £20m to come from the PL even for the team that finishes bottom (as we undoubtedly will) plus the parachute payments. My guess is that HMRC will do a deal as long as the club/ PL guarantee their cash will be paid out of the end of season SKY cash. I'm sure they'd rather get their money than wind the club up and get nothing.

 

Whether we'll be wound up or not and whether new owners will come in I'm not sure but I think your lots bitterness to all things blue is clouding your judgment on this one.

 

But there seems to be so many experts on here that I guess you all must be right and no-one will buy PFC :D

 

And don't forget the car park next the stadium which is going to be bought by Tesco for £8bn.

 

Sorted. Everything will be fine. \\:D/

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dubai_phil

dubai_phil

Posted
Posted

Oh and here's an idea to help the few out - Lee W******d looks in the same mood he was in November when he walked the Race to Dubai - suggest they put this month's Unit 1 budget on him to win....

 

 

(Actually, typing that was the only way I could stop laughing at the effect the few's visit to the PL had on their predicament after I read this) -

 

http://mypompey.com/blogs/goldenboot/archive/2010/02/05/goldenboot-pompey-sos-meeting-with-prem-results-in-more-sanctions-against-club.aspx

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hypochondriac

hypochondriac

Posted
Posted
Unless, of course, the football side is only part of the attraction and not a development around it that would pay for a large chunk of the stadium cost. A hotel/ conference centre and concert venue for example. Don't forget there's around £20m to come from the PL even for the team that finishes bottom (as we undoubtedly will) plus the parachute payments. My guess is that HMRC will do a deal as long as the club/ PL guarantee their cash will be paid out of the end of season SKY cash. I'm sure they'd rather get their money than wind the club up and get nothing.

 

Whether we'll be wound up or not and whether new owners will come in I'm not sure but I think your lots bitterness to all things blue is clouding your judgment on this one.

 

But there seems to be so many experts on here that I guess you all must be right and no-one will buy PFC :D

 

But as we know, Sacha owns the land around the stadium and will not release it until he is paid his 30 million.

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Weston Super Saint

Weston Super Saint

Posted
Posted
Unless, of course, the football side is only part of the attraction and not a development around it that would pay for a large chunk of the stadium cost. A hotel/ conference centre and concert venue for example. FFS Walter fecking Mitty! You've been carping on about additional attractions to subsidise your new stadium for about 3 years now, and you are yet to get even a planning application approved! Time to forget about these grandiose schemes of entertainment complexes, sporting arenas and shopping plazas and get back to reality!!

 

Don't forget there's around £20m to come from the PL even for the team that finishes bottom (as we undoubtedly will) plus the parachute payments. My guess is that HMRC will do a deal as long as the club/ PL guarantee their cash will be paid out of the end of season SKY cash. I'm sure they'd rather get their money than wind the club up and get nothing. You seem to be [conveniently] forgetting that this debt to HMRC is for the club's Employer's NIC! The HMRC are chasing payments up to November [iIRC], which you haven't paid! You have [eventually] paid the wages each month since November, but guess what, you'll have accrued more monies owed to HMRC - which you won't have paid either!!! I expect that HMRC would rather have their money NOW, than risk not getting it at all once you don't pay it once again!!

 

Whether we'll be wound up or not and whether new owners will come in I'm not sure but I think your lots bitterness to all things blue is clouding your judgment on this one. LOL!!! Pretty sure you were trumpeting the arrival of not just one but two competing potential owners just a couple of months ago, now it seems like you've lost your ITK [Marc Jackson] status!!!

 

But there seems to be so many experts on here that I guess you all must be right and no-one will buy PFC :D

 

So far this season you've had four 'buyers' of PFC, so please point me in the direction of all the good things they've done :D

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mcjwills

mcjwills

Posted
Posted
Not strictly the case - PFC is a limited company..or was-maybe even that has changed - but if so then the directors (unless they have signed director guarantees) are not personally responsible for the debt. They can be held accountable, however, for mismanagement &/or fraudulent trading of the company which is where they do become personally liable.

 

The other part of the equation is pertaining to the contract exchanged between buyer & seller. This can - within the law - exclude certain liabilities from the purchaser but those liabilities woul have to be legally accountable to a specific person or people from within the pool of former directors...it couldn't be assigned to another company, for instance, as that could then go bust leaving the liability unsatisfied & the creditors still unpaid.

 

This is all my reading of it & I'm happy to be corrected by someone who has more relevant knowledge...I run a reasonable sized company but we pay our bills, taxes etc so have no specialist knowledge but to my mind the ownership is irrelevant.

 

If the company cannot meet it's statutory requirement to pay it's tax or any other debts then it will go in to administration or bankrupt. It is illegal to continue trading when the company (represented in the case of a limited company by it's directors) to knowingly continue to trade when there is no chance of the creditors receiving their due payment. To my mind PFC have been in this position for a number of months & I cannot see how a winding up order wouldn't be instituted immediately on Wednesday - remembering that this is the end of the process to collect the owed tax & not the start. Dubai Phil (I think) put his finger on it when he said that they have tried every slippery trick in the book to delay & stall the payments (I'm sure small companies have gone out of business &/or suffered by not being paid in the PO area) but hopefully the 10th February should be the day of reckoning.

 

The HMRC have a duty way beyond sentiment to collect tax & I hope they don't shirk it next Wednesday.

 

But wont the HMRC look kindly on the Skates because of their 200,000 supporters that were cheering on the credit card bill team to the FA cup, greatest fans in the world, pity 185,000 dont go anymore except via skysports.

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pedg

pedg

Posted
Posted
Unless, of course, the football side is only part of the attraction and not a development around it that would pay for a large chunk of the stadium cost. A hotel/ conference centre and concert venue for example. Don't forget there's around £20m to come from the PL even for the team that finishes bottom (as we undoubtedly will) plus the parachute payments. My guess is that HMRC will do a deal as long as the club/ PL guarantee their cash will be paid out of the end of season SKY cash. I'm sure they'd rather get their money than wind the club up and get nothing.

 

Whether we'll be wound up or not and whether new owners will come in I'm not sure but I think your lots bitterness to all things blue is clouding your judgment on this one.

 

But there seems to be so many experts on here that I guess you all must be right and no-one will buy PFC :D

 

I thought it was discussed earlier and that the team finishing last only got about 1M. Might be another batch of sky money but I assume that would be about 7M again? Maybe Ho could point us to the documents that say they will get 20M at the end of the season?

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NickG

NickG

Posted
Posted
Oh FFS do we have to ruin this thread with the fan debate again, its ******* b-0-llocks, what difference does it make if you have 10k hardcore or 20k or whatever, its about what you do on the pitch

 

it was raised not as a Saints v Skates thing, but to show how unattractive skate will be - there are many many other teams in the country, probably available to buy with a lot less debt, who have a much larger customer base.

 

So it is relevant, you will be expensive and the buyer is buying a small club

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View From The Top

View From The Top

Posted
Posted
And don't forget the car park next the stadium which is going to be bought by Tesco for £8bn.

 

Sorted. Everything will be fine. \\:D/

 

Not to mention the luxury flats that the well heeled of London Town will use as their weekend bolt holes when they go sailing.

 

The sale of them will pay for the new ground no problem at all.

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Corporate Ho

Corporate Ho

Posted
Posted
But as we know, Sacha owns the land around the stadium and will not release it until he is paid his 30 million.

 

Assuming a new stadium (if it ever happens) is built on the current site

 

I thought it was discussed earlier and that the team finishing last only got about 1M. Might be another batch of sky money but I assume that would be about 7M again? Maybe Ho could point us to the documents that say they will get 20M at the end of the season?

 

The below is for a couple of seasons ago so payments may have gone up by now but given we've just had £7m from the PL it seems we're assured of at least a further £23m at the end of the season.

 

Television revenue for 2007-08 season

(2006-07 in brackets)

Manchester United £49.3m (£32m)

Chelsea £45.6m (£30.9m)

Arsenal £47m (£29m)

Liverpool £45.4m (£28.4m)

Everton £42.1m (£25.3m)

Aston Villa £42.3m (£22m)

Blackburn Rovers £40.2m (£22m)

Portsmouth £40.4m (£23m)

Manchester City £39.7m (£21m)

West Ham United £36.8m (£21.1m)

Tottenham Hotspur £36m (£27.3m)

Newcastle United £39.2m (£21.2m)

Middlesbrough £34.2m (£20.5m)

Wigan Athletic £33.4m (£18.4m)

Sunderland £33.6m (£6.5m*)

Bolton Wanderers £32m (£24.6m)

Fulham £31.3m (£20.4m)

Reading £30.6m (£23.6m)

Birmingham City £29.8m (£6.5m*)

Derby County £29.1m (n/a)

 

http://soccerlens.com/20072008-premier-league-tv-revenue/7415/

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Gingeletiss

Gingeletiss

Posted
Posted (edited)
Unless, of course, the football side is only part of the attraction and not a development around it that would pay for a large chunk of the stadium cost. A hotel/ conference centre and concert venue for example. Don't forget there's around £20m to come from the PL even for the team that finishes bottom (as we undoubtedly will) plus the parachute payments. My guess is that HMRC will do a deal as long as the club/ PL guarantee their cash will be paid out of the end of season SKY cash. I'm sure they'd rather get their money than wind the club up and get nothing.

 

Whether we'll be wound up or not and whether new owners will come in I'm not sure but I think your lots bitterness to all things blue is clouding your judgment on this one.

 

But there seems to be so many experts on here that I guess you all must be right and no-one will buy PFC :D

 

Are you sure, are you really really sure about this amount. I thought this years prize money for the bottom team, was about £800,000. One of us is very wrong.

 

Edit...

Ah, I see what money you are claiming...the TV money. I think the PL may have some new homes for all of that.

Edited by Gingeletiss
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$$$

$$$

Posted
Posted
I thought it was discussed earlier and that the team finishing last only got about 1M. Might be another batch of sky money but I assume that would be about 7M again? Maybe Ho could point us to the documents that say they will get 20M at the end of the season?

 

Last year, West Brom got £761k

http://www.telegraph.co.uk/sport/football/leagues/premierleague/5361321/Premier-League-The-money-table.html

 

Have these reports from the earlier meeting been posted yet?

 

http://www.fansonline.net/portsmouth/mb/view.php?id=231186

http://thepompeychimes.net/forum/viewtopic.php?f=2&t=55025&sid=0282a54a66088ad60639b0dc78a8b051

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pedg

pedg

Posted
Posted

The below is for a couple of seasons ago so payments may have gone up by now but given we've just had £7m from the PL it seems we're assured of at least a further £23m at the end of the season.

 

Television revenue for 2007-08 season

 

Derby County £29.1m (n/a)

 

http://soccerlens.com/20072008-premier-league-tv-revenue/7415/

 

You are incredibly stupid aren't you?

 

Was the 7 Million you got (or rather didn't get!) the first payment of the season? Do you know how much you have got from TV money this year so far? And yet you claim you will get a further 23M without any proof.

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