saintbletch Posted 21 February, 2010 Share Posted 21 February, 2010 “Hindsight is a great thing and when I look back perhaps I should have done more to address the situation." “But at the end of the day I am simply an employee of the club and I only carry out the instructions of the owner." Understatement of the millenium I think, and no you are the CEO with responsibilities beyond that of an employee. Sasha: "Peter I want you to run the club insolvently and continue against all your business instincts to spend far more money than the club can actually generate organically. I want you to pay over the top for players and pay them ridiculously high wages even if this goes against your own valuations of their worth. And even if the club being insolvent might leave you in prison and liable for some of its debts, I want you to soldier on. It's also important that you ignore the grief and heartache that your actions will undoubtedly cause the loyal supporters of this club. Plough on despite the fans' concerns and doubts that will eventually become anger and abuse, hold your head up high knowing that you're just doing your job and serving my best interests. Oh and here's £1.2M + bonuses per annum and a little bit more being tucked away "off-shore" for you when it's all gone tits up." Peter: "OK, Sasha. You're the boss" Link to comment Share on other sites More sharing options...
pedg Posted 21 February, 2010 Share Posted 21 February, 2010 Think the worrying thing for pompey is its supposedly a consortium and generally this appears to mean when buying football clubs that its a group of people each not rich enough to buy the club by themselves and that these groups tend to expand only until they have just enough money between them to do the minimum needed. Link to comment Share on other sites More sharing options...
Evil Monkey Posted 21 February, 2010 Share Posted 21 February, 2010 How many clubs in England (or in the world for that matter) are actually run by consortiums? We always here about groups looking at takeovers, but I cant think of any that have come to fruition. Is this because I know f*ck all, or because it just isnt really a viable method of club ownership? I mean look at Liverpool? They only have 2 co-owners, and they cant even get along. Link to comment Share on other sites More sharing options...
pedg Posted 21 February, 2010 Share Posted 21 February, 2010 How many clubs in England (or in the world for that matter) are actually run by consortiums? We always here about groups looking at takeovers, but I cant think of any that have come to fruition. Is this because I know f*ck all, or because it just isnt really a viable method of club ownership? I mean look at Liverpool? They only have 2 co-owners, and they cant even get along. QPR? ish? Link to comment Share on other sites More sharing options...
Winchester Red Posted 21 February, 2010 Share Posted 21 February, 2010 (edited) How many clubs in England (or in the world for that matter) are actually run by consortiums? We always here about groups looking at takeovers, but I cant think of any that have come to fruition. Is this because I know f*ck all, or because it just isnt really a viable method of club ownership? I mean look at Liverpool? They only have 2 co-owners, and they cant even get along. 'course there are......... lots......... how about...... ermmmmm....... QPR!!! Oh b*llocks.... PEDG - You beat me to it....Git Edited 21 February, 2010 by Winchester Red Me being too slow to keep up with PEDG Link to comment Share on other sites More sharing options...
Matthew Le God Posted 21 February, 2010 Share Posted 21 February, 2010 Sorry thought is was per month :mad: Doh! That would be £180m rent over the 15 years and they still wouldn't own it at the end. Link to comment Share on other sites More sharing options...
Winchester Red Posted 21 February, 2010 Share Posted 21 February, 2010 Munto finance was a group of individuals..... now that one was really successful :smt100 Link to comment Share on other sites More sharing options...
tony13579 Posted 21 February, 2010 Share Posted 21 February, 2010 (edited) If pompey are liquidated I will feel very sorry for the staff earning less than £40k per year (and chuckle at those earning much more) Because the tax man will come after them for tax on the monies received. The Pompey players will have to find 40% of the monies they received to pay the tax man. low earning staff will have to find 23-30% to cover thier NI and tax. Edited 21 February, 2010 by tony13579 Link to comment Share on other sites More sharing options...
Winchester Red Posted 21 February, 2010 Share Posted 21 February, 2010 If pompey are liquidated I will feel very sorry for the staff earning les than £40k per year (and chuckle at those earning much more) Because the tax man will come after them for tax on the monies received. The Pompey players will have to find 40% of the monies they received to pay the tax man. low earning staff will have to find 23-30% to cover thier NI and tax. So are you saying that if Storrie earned £100k last month, and PFC will have deducted 40% and he took home £60k. Now the HMRC are going to pursue Storrie for 40% (ish) of his £60k because he is deemed to not have paid tax on it. Sh1t that would be funny (for him, not so much for the staff!) Link to comment Share on other sites More sharing options...
tony13579 Posted 21 February, 2010 Share Posted 21 February, 2010 yes Link to comment Share on other sites More sharing options...
Winchester Red Posted 21 February, 2010 Share Posted 21 February, 2010 For all their normal staff that is a nightmare.... For Storrie and the first team it's bloody hilarious Link to comment Share on other sites More sharing options...
bridge too far Posted 21 February, 2010 Share Posted 21 February, 2010 If pompey are liquidated I will feel very sorry for the staff earning less than £40k per year (and chuckle at those earning much more) Because the tax man will come after them for tax on the monies received. The Pompey players will have to find 40% of the monies they received to pay the tax man. low earning staff will have to find 23-30% to cover thier NI and tax. I'm not sure you're right here. Last summer I phoned HMRC because I was concerned that my employer had liquidity issues. I was assured by HMRC that there was no way that I would be liable for tax and NI that my employer might have failed to pay. Link to comment Share on other sites More sharing options...
tony13579 Posted 21 February, 2010 Share Posted 21 February, 2010 £12 000 000 tax debt / 600 staff = £20 000 each average I hope the law has changed for the lower paid staff.... It used to be persued untill paid Link to comment Share on other sites More sharing options...
dubai_phil Posted 21 February, 2010 Share Posted 21 February, 2010 QPR? ish? You forgot that bastion of the PL and the all conquering new regime and players that are Sunderland Who, if they are REALLY lucky may gain one more point before the end of the season Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 21 February, 2010 Share Posted 21 February, 2010 This is such a laugh!!. Who, and I repeat WHO, is going to buy a club, that:- 1) Has that amount of debt. 2) Doesn't own it's own stadium. 3) Doesn't have a training ground. 4) Is a certainty for relegation. 5) Is a certainty for more points reductions for financial irregularities. 6) Has a small fanbase. 7) Has to satisfy HMRC, now, and for the future. Owes other clubs transfer fees still, for players they have resold. The list is endless, I can't for the life of me, see any honest business being interested. Maybe not an honest business, however ...... Link to comment Share on other sites More sharing options...
Winchester Red Posted 21 February, 2010 Share Posted 21 February, 2010 (edited) This could mean a mass repossession of caravans........ Edited 21 February, 2010 by Winchester Red Link to comment Share on other sites More sharing options...
Gingeletiss Posted 21 February, 2010 Share Posted 21 February, 2010 I *think* it would go something like this... 2 relegated from Premier League, 3 promoted from Championship = 20 teams in Premier League, 23 in Championship; 2 relegated from Championship, 3 promoted from League One = 24 in Championship, 23 in League One 3 relegated from League One, 4 promoted from League Two = 24 in League One, 23 in League Two 1 relegated from League Two, 2 promoted from Blue Square Premier = 24 in League Two, 23 in Blue Square Premier. However, Chester City's pending expulsion from the BSP may help them even the numbers up as they could then have 22 teams in the BSP next season. Or...the PL might still let three go down, but only two up. Thus they have reduced the PL to 18 teams, along the lines of UAFA want!!!!. Link to comment Share on other sites More sharing options...
Saint Keith Posted 21 February, 2010 Share Posted 21 February, 2010 If pompey are liquidated I will feel very sorry for the staff earning less than £40k per year (and chuckle at those earning much more) Because the tax man will come after them for tax on the monies received. The Pompey players will have to find 40% of the monies they received to pay the tax man. low earning staff will have to find 23-30% to cover thier NI and tax. no, it doesnt work like that. employers have the duty to account for and pay over any paye and NI due, employees are not ever liable for it personally Link to comment Share on other sites More sharing options...
SaintBobby Posted 21 February, 2010 Share Posted 21 February, 2010 Or...the PL might still let three go down, but only two up. Thus they have reduced the PL to 18 teams, along the lines of UAFA want!!!!. Nope - its already been confirmed, somewhere, that they would relegate 2 of the remaining 19. Link to comment Share on other sites More sharing options...
saintkiptanui Posted 21 February, 2010 Share Posted 21 February, 2010 Or...the PL might still let three go down, but only two up. Thus they have reduced the PL to 18 teams, along the lines of UAFA want!!!!.Elvis is not dead and 9/11 was made up by the bush Link to comment Share on other sites More sharing options...
hypochondriac Posted 21 February, 2010 Share Posted 21 February, 2010 Just been doing the predictor and if Pompey survive then they have some very easy games between now and the end of the season. They only have to lose one of those though and they will fail to stay up IMO. Looking good now. Link to comment Share on other sites More sharing options...
Merovingian Posted 21 February, 2010 Share Posted 21 February, 2010 I cannot believe some of you guys still think we have a chance of staying up lol - let alone still have a club come a week Monday Must admit it will probably be the only time if the club survives where relegation will not actually be that gutting considering all the other issues that have gone on this year. Link to comment Share on other sites More sharing options...
Colinjb Posted 21 February, 2010 Share Posted 21 February, 2010 I cannot believe some of you guys still think we have a chance of staying up lol - let alone still have a club come a week Monday As football fans we are inclined to fear the worse, i'm sure you understand. Link to comment Share on other sites More sharing options...
sussexsaint Posted 21 February, 2010 Share Posted 21 February, 2010 Presumably even if the takeover happens they will have their day in court as Friday was the last chance for HMRC to withdraw Link to comment Share on other sites More sharing options...
beatlesaint Posted 21 February, 2010 Share Posted 21 February, 2010 Just been doing the predictor and if Pompey survive then they have some very easy games between now and the end of the season. They only have to lose one of those though and they will fail to stay up IMO. Looking good now. Liverpool, Chelsea, Aston Villa and Everton are 4 of their last 12......I assume you mean the other 8, mainly against teams who are desperate for points like Burnley and Bolton are the easy ones do you ? Link to comment Share on other sites More sharing options...
aintforever Posted 21 February, 2010 Share Posted 21 February, 2010 To get to 40 points Portsmouth need to average 2 points a game - that's the same as Arsenal. Link to comment Share on other sites More sharing options...
dune Posted 21 February, 2010 Share Posted 21 February, 2010 To get to 40 points Portsmouth need to average 2 points a game - that's the same as Arsenal. Pompey are the Man U of the South so anything is possible. Link to comment Share on other sites More sharing options...
Saint Keith Posted 21 February, 2010 Share Posted 21 February, 2010 To get to 40 points Portsmouth need to average 2 points a game - that's the same as Arsenal. and that's less than we need to make the play offs Link to comment Share on other sites More sharing options...
Matthew Le God Posted 21 February, 2010 Share Posted 21 February, 2010 To get to 40 points Portsmouth need to average 2 points a game - that's the same as Arsenal. Won't need 40 points to come 17th this season. Link to comment Share on other sites More sharing options...
hypochondriac Posted 21 February, 2010 Share Posted 21 February, 2010 I cannot believe some of you guys still think we have a chance of staying up lol - let alone still have a club come a week Monday Must admit it will probably be the only time if the club survives where relegation will not actually be that gutting considering all the other issues that have gone on this year. I don't want to count my chickens. I was convinced you were down a few seasons back. You stayed up and it annoyed me. I have learnt... Link to comment Share on other sites More sharing options...
hypochondriac Posted 21 February, 2010 Share Posted 21 February, 2010 Liverpool, Chelsea, Aston Villa and Everton are 4 of their last 12......I assume you mean the other 8, mainly against teams who are desperate for points like Burnley and Bolton are the easy ones do you ? Burnley, Birmingham at home (they can definitely get something from that), Hull, Tottenham maybe because they are inconsistent, Blackburn, Wigan, Bolton and Wolves. Lets hope not though. Link to comment Share on other sites More sharing options...
Saint Keith Posted 21 February, 2010 Share Posted 21 February, 2010 I don't want to count my chickens. I was convinced you were down a few seasons back. You stayed up and it annoyed me. I have learnt... agreed, if only that shot from skp had gone in instead of hitting the post back in 04, all the charade of the last 6 years could have been avoided Link to comment Share on other sites More sharing options...
View From The Top Posted 21 February, 2010 Share Posted 21 February, 2010 They have to win 3 more games than those around them. As they've only won 4 all season.............. They looked like a team resigned to going down yesterday. Link to comment Share on other sites More sharing options...
hypochondriac Posted 21 February, 2010 Share Posted 21 February, 2010 They have to win 3 more games than those around them. As they've only won 4 all season.............. They looked like a team resigned to going down yesterday. Seriously. Don't go saying things like that. If they do stay up you will feel cr*p. Football is a funny game. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 21 February, 2010 Share Posted 21 February, 2010 ....and this, says it all about the way they think down the road... oxy30 Posted 21/2/2010 11:48 #95728 - in reply to #95684 Subject: Re: Lets see what Monday brings... Alan 'The Legend' Knight Posts: 1017 Location: emsworth i think the new owner will put us straight into admin. clean sheet and all that Link to comment Share on other sites More sharing options...
hutch Posted 21 February, 2010 Share Posted 21 February, 2010 Presumably even if the takeover happens they will have their day in court as Friday was the last chance for HMRC to withdraw No it wasn't. The case can be settled any time up to, and including, Monday morning 1st March. Link to comment Share on other sites More sharing options...
rallyboy Posted 21 February, 2010 Share Posted 21 February, 2010 they should be looking at Burnley, Hull and Wolves as their targets. The biggest problem will be that they need all three to drop points every week and at some point two of those three will play each other, the victor of that basement battle could emerge 10-11 pts above Pompey - a massive ask, even though 36points might be enough as the Prem is so poor. It would be an astonishing feat to stay up, it would be equally amazing to avoid financial collapse. One miracle a season? Maybe, but two?.... Link to comment Share on other sites More sharing options...
PES Posted 21 February, 2010 Share Posted 21 February, 2010 I cannot believe some of you guys still think we have a chance of staying up lol - let alone still have a club come a week Monday Must admit it will probably be the only time if the club survives where relegation will not actually be that gutting considering all the other issues that have gone on this year. Very good point Mero, we've been cushioned by the extreme 'sh*t' we've had all season. Don't care what happens anymore, well that's not quite true, but you know what I mean. Link to comment Share on other sites More sharing options...
Saints foreva Posted 21 February, 2010 Share Posted 21 February, 2010 Have Pompey been saved/gone bust yet? Link to comment Share on other sites More sharing options...
Jimmy_D Posted 21 February, 2010 Share Posted 21 February, 2010 I cannot believe some of you guys still think we have a chance of staying up lol - let alone still have a club come a week Monday Must admit it will probably be the only time if the club survives where relegation will not actually be that gutting considering all the other issues that have gone on this year. And now you know why none of the 'League One' taunts have really affected us fans this year We're still delighted just to still have a club to support! Link to comment Share on other sites More sharing options...
View From The Top Posted 21 February, 2010 Share Posted 21 February, 2010 Seriously. Don't go saying things like that. If they do stay up you will feel cr*p. Football is a funny game. If they stay up they stay up. They, and Grant, looked like a team who had given up last night. Link to comment Share on other sites More sharing options...
View From The Top Posted 21 February, 2010 Share Posted 21 February, 2010 Very good point Mero, we've been cushioned by the extreme 'sh*t' we've had all season. Don't care what happens anymore, well that's not quite true, but you know what I mean. You know you're in the sh(i)t when relegation is the least worst option! Link to comment Share on other sites More sharing options...
PaulSaint Posted 21 February, 2010 Share Posted 21 February, 2010 If its true that they owe £70 Million, what does that make the wage bill percentage now against the club's turnover? Are we talking something like 125% (eek)? Link to comment Share on other sites More sharing options...
hypochondriac Posted 21 February, 2010 Share Posted 21 February, 2010 If they stay up they stay up. They, and Grant, looked like a team who had given up last night. All it needs is one decent result and performance in the league to potentially kickstart a survival campaign. Saints fans should know all about that. Link to comment Share on other sites More sharing options...
mack rill Posted 21 February, 2010 Share Posted 21 February, 2010 and that's less than we need to make the play offs See theres light at the end of every tunnel:smt033 Link to comment Share on other sites More sharing options...
bridge too far Posted 21 February, 2010 Share Posted 21 February, 2010 If its true that they owe £70 Million, what does that make the wage bill percentage now against the club's turnover? Are we talking something like 125% (eek)? "Portsmouth's wage bill for the current season is more than £50m, Observer Sport has learned" Link to comment Share on other sites More sharing options...
View From The Top Posted 21 February, 2010 Share Posted 21 February, 2010 All it needs is one decent result and performance in the league to potentially kickstart a survival campaign. Saints fans should know all about that. You fret too much. Link to comment Share on other sites More sharing options...
TopGun Posted 21 February, 2010 Share Posted 21 February, 2010 they should be looking at Burnley, Hull and Wolves as their targets. The biggest problem will be that they need all three to drop points every week and at some point two of those three will play each other, the victor of that basement battle could emerge 10-11 pts above Pompey - a massive ask, even though 36points might be enough as the Prem is so poor. It would be an astonishing feat to stay up, it would be equally amazing to avoid financial collapse. One miracle a season? Maybe, but two?.... This is the on field crux should they survive off field issues. It's virtually impossible. Link to comment Share on other sites More sharing options...
Saint Keith Posted 21 February, 2010 Share Posted 21 February, 2010 (edited) just been talking to my stake mate, who hasn't missed a game of theirs since 1988, but also happens to be the owner of an accountancy and audit firm he agreed that their absolutely best outcome would be to be in the championship next season starting on 0 points the same as everyone else also agreed that it defied all logic and reason for anyone to buy them ahead of next monday unless - chainrai puts them into administration this week, with a new buyer lined up new buyer wouldnt have anything to buy if they get liquidated on the 1st, as all the players become free agents, so they have no players assets, and ergo, no money from selling them but it would be possible to buy them from an administrator, as at least players assets would remain difficulty with all of this is that players wages have to be paid this Friday. they cannot turn up in court next monday claiming to be solvent having just failed to pay the wages again his view is that unless chainrai is going to write off his whole £17m, he has no option but to fund the wages this week and all this is still on the premise that someone would be willing to layout £30 million to buy the club, this week, AND strike a deal with chainrai and gaydamk for their lot cue picture of bottomless pit and people throwing money into it Edited 21 February, 2010 by Saint Keith Link to comment Share on other sites More sharing options...
View From The Top Posted 21 February, 2010 Share Posted 21 February, 2010 just been talking to my stake mate Just been doing the same and he also said how can they go to court next Monday having not paid the salaries as that is just screaming "insolvent"? They need £3-£4 million on Friday for salaries and then £12 million on Monday for the taxman and that is just to stand still! Link to comment Share on other sites More sharing options...
Recommended Posts