Jump to content

Now the tax man is after Plymouth, too...

Saint_Jonny

By Saint_Jonny,
in The Saints

 Share

Recommended Posts

Saint_Jonny

Saint_Jonny

Posted
Posted (edited)

Really worrying the amount of clubs in financial turmoil, seems like a new one pops up every week. Where will it end? We are yet (almost unbelievably) to see a big / medium sized club disappear altogether, its going to happen sooner or later though!

 

http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9230347.stm

 

Also, they only had just under 5,000 fans turn up tuesday night. 5k! Compare that to Saints getting 20k for the same fixture a couple of weeks ago. No wonder they are in the ****.

Edited by Saint_Jonny
Link to comment
Share on other sites
lethallee

lethallee

Posted
Posted

Be interesting to see further down the line if likes of Plymouth and Bristol will still be considered as host cities for 2018 cities with there well documented financial problems. I know a lot of the funding is provided but these stadiums have to be sustainable which is not going to happen with non premiership football and low gate receipts. I personally think Southampton could potentially come in as replacement host city subject to what division we are in of course. It wouldn't surprise me if this is already part of NC's 5 year plan. Obviously all this is subject to England being choosen as host nation !!

Link to comment
Share on other sites
latter day saint

latter day saint

Posted
Posted
Be interesting to see further down the line if likes of Plymouth and Bristol will still be considered as host cities for 2018 cities with there well documented financial problems. I know a lot of the funding is provided but these stadiums have to be sustainable which is not going to happen with non premiership football and low gate receipts. I personally think Southampton could potentially come in as replacement host city subject to what division we are in of course. It wouldn't surprise me if this is already part of NC's 5 year plan. Obviously all this is subject to England being choosen as host nation !!

was just thinking this. i have never seen the sense of choosing either Plymouth or Bristol as venues, due to the lack of support for the clubs. we are the obvious choice for the south due to our level of support being to make better use of a larger stadium.

Link to comment
Share on other sites
tartanowl

tartanowl

Posted
Posted
For a club with a catchment area the size of Plymouth's to get under 5' date='000 for a league game is utterly ridiculous.[/quote']

 

It agree it is. They are back where they belong IMO. Bottom 2 division club.

 

I think the fact that Mandaric & Risdale are sniffing around Wednesday and Plymouth respectively tells you all you need to know about what's wrong with English football. Neither of these two should be allowed to own football clubs.

 

Mandaric isn't sniffing around. He will be our new owner. It was announced last night at the supporters trust AGM by the current CEO Nick Parker. The deal with the bank has been agreed, the creditors all bar one are satisfied, the cash for legal fees and HMRC is in an account, the only thing we are waiting on is Dave Allen agreeing to the terms.

 

The bank will be paid £8m all other bank debt (roughly £15m) is to be written off.

Link to comment
Share on other sites
Flyer

Flyer

Posted
Posted
Alas (in one respect), no 'medium to large' football club will ever 'go under' due to owing the taxman.

 

If they couldn't nail the most blatant case (Pompey) they won't be able to nail anyone.[/QUOT

E]

 

They were in the prem and bent all sorts of rules. A club in the FL would be allowed to go under IMO. Maybe someone like Wigan or Fulham if they go down. Theyve only been kept afloat by a wealthy owner in the prem, if that owner did a Simon Jordan, theyd be doomed.

Link to comment
Share on other sites
tartanowl

tartanowl

Posted
Posted
Won't stop while clubs like Pompey are getting away with everything. If a club is punished properly, it might put some people off. But on a wider scale, we all now it's not sustainable, just fans choose to ignore it while it isn't their club directly in jeopardy. Players earn far too much for kicking a ball around, clubs raise ticket prices to try and cope, and then many fans can no longer afford to go. £100 a ticket on average at Arsenal?! Yes, some clubs still fill the stadia, but with a very different crowd, while others just end up with empty seats. It can't go on like that. Where is the fun in paying out huge sums to watch some pampered millionaires play football for 90 minutes when you know they'll **** off without any regard for your club sooner or later.

 

I agree. The game is an absolute mess and it needs changing.

 

We are very fortunate that the Co-op Bank have agreed to write off huge amounts of our debt.

Link to comment
Share on other sites
tartanowl

tartanowl

Posted
Posted
And yet your debt was tiny, at least relatively. It would be crazy if something happened to Sheff Weds, who've had a rough few years, rather than Portsmouth, who got success through fraud. But then, does that mean any club can now operate like that and just cite the Pompey case?

 

It seems with some clubs it's a case of the debts being too big to put them at risk. If you owe the bank a few hundred thousand, you're in trouble as they could pull the plug. If you owe £500 million the banks have to make sure you keep going.

 

Compared to Pompey our debt was tiny, and like you say they got their success by spending more than they could realistically afford. We have struggled for a decade paying next to nothing in transfer fees, paying relatively mediocre wages, whilst trying to chip away at the debt, and after years of bad management we very nearly became the next admin club.

 

As well as Pompey, there are a number of clubs with smaller fanbases than ours with much larger debts. I don't see how long term they can have a strategic plan to become solvent?

 

Football is dead and has gone absolutely crackers. Bolton with their £30m+ annual loss, our porcine neighbours across the city 2 days ago announced an £18m loss. I feel for the younger generation of football fans. Football is no longer a contest it's about which chairman has the biggest bank account. I can at least happily say that in my younger years I saw my team win at Wembley in a major cup final. I doubt I will ever see that again in footballs current format.

Link to comment
Share on other sites
doddisalegend

doddisalegend

Posted
Posted
Compared to Pompey our debt was tiny, and like you say they got their success by spending more than they could realistically afford. We have struggled for a decade paying next to nothing in transfer fees, paying relatively mediocre wages, whilst trying to chip away at the debt, and after years of bad management we very nearly became the next admin club.

 

As well as Pompey, there are a number of clubs with smaller fanbases than ours with much larger debts. I don't see how long term they can have a strategic plan to become solvent?

 

Football is dead and has gone absolutely crackers. Bolton with their £30m+ annual loss, our porcine neighbours across the city 2 days ago announced an £18m loss. I feel for the younger generation of football fans. Football is no longer a contest it's about which chairman has the biggest bank account. I can at least happily say that in my younger years I saw my team win at Wembley in a major cup final. I doubt I will ever see that again in footballs current format.

 

Well as you're above us in the league (as well as big spenders like Bournemouth and Colchester) and we've spent sh*t loads of money that might not be true I suppose we will see at the end of the season.

Link to comment
Share on other sites
trousers

trousers

Posted
Posted
Alas (in one respect), no 'medium to large' football club will ever 'go under' due to owing the taxman.

 

If they couldn't nail the most blatant case (Pompey) they won't be able to nail anyone.

 

They were in the prem and bent all sorts of rules. A club in the FL would be allowed to go under IMO. Maybe someone like Wigan or Fulham if they go down. Theyve only been kept afloat by a wealthy owner in the prem, if that owner did a Simon Jordan, theyd be doomed.

 

They were still bending the rules when they came down to the Football League (and some would say still are)

Link to comment
Share on other sites
david in sweden

david in sweden

Posted
Posted
Really worrying the amount of clubs in financial turmoil, seems like a new one pops up every week. Where will it end? We are yet (almost unbelievably) to see a big / medium sized club disappear altogether, its going to happen sooner or later though!

 

http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9230347.stm

Also, they only had just under 5,000 fans turn up tuesday night. 5k! Compare that to Saints getting 20k for the same fixture a couple of weeks ago. No wonder they are in the ****.

 

 

 

I read an item that Peter Risdale ...was in for a bid for Argyle ! ..surely the kiss of death !

Link to comment
Share on other sites
Super_Uwe

Super_Uwe

Posted
Posted
I read an item that Peter Risdale ...was in for a bid for Argyle ! ..surely the kiss of death !

 

Ridsdale is a weird one as ultimately he left Cardiff having achieved his three main objectives which were to stabilise the club in the Champ, build a new ground and find investment.

 

Where he has gone wrong IMO is what I can only describe as his penchant for gambling and taking chances. I don't know who was responsible for the whole saga, but for Cardiff City to actively ask their fans to buy season tickets with the promise that the money would go to buying players, only for it all to be scrapped due to their financial/tax issues, was shocking. It was a terrible error of judgement for which there was never any sort of apology. You can't tell me that no-one in their board knew anything about these problems - you don't just find yourself with a massive tax bill and millions of pounds worth of debt overnight - and yet they still went ahead with this charm offensive.

 

On balance, I actually think he could have something to offer a club due to his contacts within the game and experience, but I just don't think he is someone you could completely trust - he has too much baggage and has never totally proven that he has learnt from the errors made at Leeds.

 

Anyway, back to the original point, Argyle are a kind of second team for me these days as my in-laws are fans, there's a lot of funny stuff going on behind the scenes there with Japanese owners, a limited company that supposedly owns the ground etc. Coupled with dwindling crowds and the likelihood they'll have to ship out their better players in January if nothing changes on the financial front, things look quite bleak.

Link to comment
Share on other sites
hughieslastminutegoal

hughieslastminutegoal

Posted
Posted
And yet your debt was tiny, at least relatively. It would be crazy if something happened to Sheff Weds, who've had a rough few years, rather than Portsmouth, who got success through fraud. But then, does that mean any club can now operate like that and just cite the Pompey case?

 

It seems with some clubs it's a case of the debts being too big to put them at risk. If you owe the bank a few hundred thousand, you're in trouble as they could pull the plug. If you owe £500 million the banks have to make sure you keep going.

 

And if the banks owe £500 billion, WE have to keep THEM going..........

 

Dead right, the more you owe the more you get away with.

Link to comment
Share on other sites
Dalek2003

Dalek2003

Posted
Posted
Plymouth are turd

 

They have always been turd

 

The best they have ever been was under holloway and even then he jumped ship

 

The locals generally support man u or Liverpool

 

They think they are a big club

 

They won't go under

 

 

Small time club, small time managers. Only Saints as a premier team would employ one of their managers LOL

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...