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Why would you spend significant wealth of a championship club?

 

Why not just buy Newcastle or Palace..... and don't give me the crap that it's because the fans are so great. If I was their owner I'd pay to have J PFC W removed!

 

well exactly, more money than sense if that happens - which is why i'm a bit skeptical of it all, i assume the skates feel the same too.

 

Wasn't Al-Mirage supposed to be redeveloping the stadium and training ground too? He was going to take them to a level that they wouldn't believe, which i guess he has done - just not the level they assumed.

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As a thought, the Skates going bust in a world cup year......

 

One team per week would then rest, if it's a team with an england player then it will help prevent him from burning out.

 

In the interest of patriotism they must fold immediately.

 

This is a good point.

 

I hadn't thought about the rest game that each team would have every week. It would play havoc with fantasy football selections!

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I reckon by even a conservative estimate they need £35 million to see them through to the next Sky day.

Wages (including PAYE etc) £4 mill/month for Feb/Mar/Apr/May/June, assuming most contracts run till 30th June when I believe that's when transfer windw opens - £20million

HMRC demands for immediate payment - £11 million

Payments due to other clubs etc, conservatively £5 million?

General running costs, paying of angry creditors etc very conservatively £3 million

Throw in another mill for anything I've forgotten and that is a MINIMUM of £40 million needed just to see the club through to the start of July.

Income from 7 games (inc yesterday) of 6-7000 non-season tickets per game times average of £25 only equals about £1.25 million. Cup games could give them another £2 million if we are being charitable & possibly £2 million of money due on transfers out, making a grand total of £5 million until they get some sky money.

Who the feck is going to cough that up to get a groundless CCC club with an overpaid, unshiftable squad and a sh1tload of continuing debt?

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“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"

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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.

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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.

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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?

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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....

:D

 

PEDG - You beat me to it....Git

Edited by Winchester Red
Me being too slow to keep up with PEDG
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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 by tony13579
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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!)

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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.

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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.

8) 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 ......

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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!!!!.

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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

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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 :D

 

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.

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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 ?

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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 :D

 

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...

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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.

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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

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....and this, says it all about the way they think down the road...

 

 

 

oxy30

 

spacer.gifnav-messages.gif Posted 21/2/2010 11:48

#95728 - in reply to #95684

Subject: Re: Lets see what Monday brings...

 

 

Alan 'The Legend' Knight

 

Posts: 1017

1000.gif

Location: emsworth

i think the new owner will put us straight into admin. clean sheet and all that

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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?....

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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 :D

 

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. :)

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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 :D

 

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!

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