PaulSaint Posted 16 May, 2009 Share Posted 16 May, 2009 I was just reading this from the Guardian. Anyone reckon what happened to us happen to that lot down the road in about 12-24 months time? If it does will you laugh or be sad? I'll just let the Smilie below convey my feelings on the matter: :partyman: Link to comment Share on other sites More sharing options...
miserableoldgit Posted 16 May, 2009 Share Posted 16 May, 2009 See this that I posted in The Lounge:- http://www.saintsweb.co.uk/forum/showthread.php?t=13082 Link to comment Share on other sites More sharing options...
RedAndWhite91 Posted 16 May, 2009 Share Posted 16 May, 2009 I reckon it will - They got more debt than us, and the only thing keeping them going is their Premiership status. If they were to go down then I reckon the same thing would happen, and I'd bloody love it. Let's see them take the p*ss when they are in the same situation; Let them enjoy their 5 minutes in the sun now, cos I do think in 12-24 months time they won't have much to shout about. Link to comment Share on other sites More sharing options...
PaulSaint Posted 16 May, 2009 Author Share Posted 16 May, 2009 From Charles Sale in todays Daily Mail:- Portsmouth's financial problems are now serious enough to be causing major concern to the Premier League. They are worried that the club may not be able to continue much longer as a going concern with sustainable debt — especially now the League have announced they are strengthening their monetary checks and improving transparency of ownership on the back of questions about football governance by Culture Secretary Andy Burnham. It is proving difficult to unravel the exact state of Portsmouth’s finances because the ultimate company that owns the club is based in the financial labyrinth of Luxembourg, where Pompey owner Alexandre Gaydamak has varied interests. Blimey, it could happen in 12-24 days!!! :smt038 Link to comment Share on other sites More sharing options...
IN MY DAY Posted 16 May, 2009 Share Posted 16 May, 2009 You know what! when the news broke ref admin we had all our Pompey clients / customers ringing up taking the ****. It was like another cup final for them. I've decided even through gritted teeth, when it happens, not if it happens i'm gonna show a bit more class. Link to comment Share on other sites More sharing options...
Crab Lungs Posted 16 May, 2009 Share Posted 16 May, 2009 When it does go belly up (and it will), they will be in a far worse place than we have ever been. They have been downright stupid and its gonna catch them up. Oh, and they WILL go down next year, guaranteed, I'll have a bet with any skate on here. Link to comment Share on other sites More sharing options...
St Chalet Posted 16 May, 2009 Share Posted 16 May, 2009 You know what! when the news broke ref admin we had all our Pompey clients / customers ringing up taking the ****. It was like another cup final for them. I've decided even through gritted teeth, when it happens, not if it happens i'm gonna show a bit more class. Spot on, they have always been more bothered by us than we are of them! Link to comment Share on other sites More sharing options...
Micky Posted 16 May, 2009 Share Posted 16 May, 2009 It's not actually something to be smug about - we need success for all south coast teams. Link to comment Share on other sites More sharing options...
PaulSaint Posted 16 May, 2009 Author Share Posted 16 May, 2009 Dont want them to go under for good but look forward to the day we overtake them in the table again! Link to comment Share on other sites More sharing options...
Graffito Posted 16 May, 2009 Share Posted 16 May, 2009 They must count their lucky stars results went for them today and they have one more season up. They now have a dog's chance of attracting a buyer and avoiding armageddon. Link to comment Share on other sites More sharing options...
Mole Posted 16 May, 2009 Share Posted 16 May, 2009 Anyone reckon what happened to us happen to that lot down the road in about 12-24 months time? If it does will you laugh or be sad? I'll **** myself laughing and when it does happen they'll be in far worse shape than us. Link to comment Share on other sites More sharing options...
latter day saint Posted 16 May, 2009 Share Posted 16 May, 2009 cant wait for it to happen to them, so i can go into work & laugh right in the faces of the skate managers who have been smug as ****e the past month. i will probably laugh so much i will pass out in front of them Link to comment Share on other sites More sharing options...
rpb Posted 16 May, 2009 Share Posted 16 May, 2009 It's not actually something to be smug about - we need success for all south coast teams. Why? Link to comment Share on other sites More sharing options...
lordswoodsaints Posted 16 May, 2009 Share Posted 16 May, 2009 Tbh I don't think they will learn from our mistakes. They reached their pinnacle last season and have been on the back foot ever since,harry is not stupid,he could see what was going to happen and jumped ship. They need to invest heavily to maintain their Prem status but are so much in debt they are unable to. IMO they have to be one of the favourites for the drop next season and I can also see at least another change of manager. I don't wish relegation on any fan but on this occasion I might make an exception. Link to comment Share on other sites More sharing options...
corsacar saint Posted 16 May, 2009 Share Posted 16 May, 2009 They may well go down next year. However, unfortunately they do have players[ Crouch, Krancjar, Johnson and one or two others ] who would command pretty hefty transfer fees. Link to comment Share on other sites More sharing options...
Mole Posted 16 May, 2009 Share Posted 16 May, 2009 And WHEN the scum do do get relegated and hit the rocks they'll have nothing to show for it. At least we've got St marys, they'll be stuck with a derilict Fratton Park. Link to comment Share on other sites More sharing options...
NSS Posted 16 May, 2009 Share Posted 16 May, 2009 To answer the question in a single word, probably. Yes we do have a far greater debt than Saints had. Yes we may well be relegated at the end of next season. And yes, if we do go down then I can see us freefalling into a financial abyss. However, as Graffito says, the fact that we are in the Prem for another year does give us some hope of finding a buyer, or at least a fresh investment injection, before the trapdoor opens. Of course, you could argue but for the credit crunch, which has apparently left our owner strapped for cash, that our finances would be far less precarious. However, the reality is that we'll probably have to sell some of our best players in the summer in an effort to balance the books, and without the likes of Glen Johnson, Peter Crouch, Sylvan Distin or Niko Krankjar, we could even challenge Derby's record low points total (which I'm sure you'd all enjoy). But let me make one thing absolutely clear. Not every Pompey fan is extracting the urine at your current predicament. Those of us that have supported our club for long enough remeber the SOS Pompey campaign in the 70's. You're nt the first fans to put your change in a bucket in an attempt to keep your club afloat you know. More recently we were days away from liquidation, days away from ceasing to exist. It's not a nice feeling. In fact, it's so not a nice feeling that some of from the blue end of the M27 wouldn't wish it on the fans of any club - not even Saints. Am I enjoying seeing my team as top dos in Hampshire for a few seasons? - Yes I am. Am I enjoying seeing your club teetering on the brink? - No I'm not, because I know what it feels like, and I can only hope that I never have to feel those feelings again. IN MY WAY - Glad to see there are some Saints fans with a bit of class. STANLEY - Fratton Park may be a s**thole, but it's our s**thole and it is an asset worth several million (if only to Tesco as a building site). St Mary's is a far better stadium, but it's probably much of the reason your club is in the position it is now in. Link to comment Share on other sites More sharing options...
St Chalet Posted 16 May, 2009 Share Posted 16 May, 2009 To answer the question in a single word, probably. Yes we do have a far greater debt than Saints had. Yes we may well be relegated at the end of next season. And yes, if we do go down then I can see us freefalling into a financial abyss. However, as Graffito says, the fact that we are in the Prem for another year does give us some hope of finding a buyer, or at least a fresh investment injection, before the trapdoor opens. Of course, you could argue but for the credit crunch, which has apparently left our owner strapped for cash, that our finances would be far less precarious. However, the reality is that we'll probably have to sell some of our best players in the summer in an effort to balance the books, and without the likes of Glen Johnson, Peter Crouch, Sylvan Distin or Niko Krankjar, we could even challenge Derby's record low points total (which I'm sure you'd all enjoy). But let me make one thing absolutely clear. Not every Pompey fan is extracting the urine at your current predicament. Those of us that have supported our club for long enough remeber the SOS Pompey campaign in the 70's. You're nt the first fans to put your change in a bucket in an attempt to keep your club afloat you know. More recently we were days away from liquidation, days away from ceasing to exist. It's not a nice feeling. In fact, it's so not a nice feeling that some of from the blue end of the M27 wouldn't wish it on the fans of any club - not even Saints. Am I enjoying seeing my team as top dos in Hampshire for a few seasons? - Yes I am. Am I enjoying seeing your club teetering on the brink? - No I'm not, because I know what it feels like, and I can only hope that I never have to feel those feelings again. IN MY WAY - Glad to see there are some Saints fans with a bit of class. STANLEY - Fratton Park may be a s**thole, but it's our s**thole and it is an asset worth several million (if only to Tesco as a building site). St Mary's is a far better stadium, but it's probably much of the reason your club is in the position it is now in. Please **** off with these balanced and reasonable posts ;-) Link to comment Share on other sites More sharing options...
dubsaint Posted 16 May, 2009 Share Posted 16 May, 2009 I was just reading this from the Guardian. Anyone reckon what happened to us happen to that lot down the road in about 12-24 months time? If it does will you laugh or be sad? I'll just let the Smilie below convey my feelings on the matter: :partyman: We have been to Hell and back and no matter what or who i dont think i would wish it on anyone else Link to comment Share on other sites More sharing options...
SFC Forever Posted 17 May, 2009 Share Posted 17 May, 2009 Like a lot of people have previously stated, I have no wish for the feelings regarding the frailty of our club on anyone else. The lower leagues have always seen sides struggle but now is the time for the authorities to reign the richer clubs in. Sanity has to return before our game is totally destroyed. To me it seems so obvious why so many clubs are now in danger of going to the wall. The riches on offer to the select few are so immense that clubs will over spend endeavoring to reach them. With more and more insane amounts of money being paid for overseas players we are allowing far too much to leave the game. Instead of wishing our fate on others people should be fighting the powers that be to change the structure of our game financially. It has been done before with wage restraints and again with the Bosman ruling so can be done. Spread the wealth in a more even manner and the game will be safe. ALL IN MY HONEST OPINION OF COURSE. Link to comment Share on other sites More sharing options...
eelpie Posted 17 May, 2009 Share Posted 17 May, 2009 It's not actually something to be smug about - we need success for all south coast teams. The way it's going, our nearest top team is going to be Aldershot Link to comment Share on other sites More sharing options...
ericofarabia Posted 17 May, 2009 Share Posted 17 May, 2009 I was just reading this from the Guardian. Anyone reckon what happened to us happen to that lot down the road in about 12-24 months time? If it does will you laugh or be sad? I'll just let the Smilie below convey my feelings on the matter: :partyman: But it already has .... Bournemouth paid the consequences with a -17 point start to the season Link to comment Share on other sites More sharing options...
Ruffo Posted 17 May, 2009 Share Posted 17 May, 2009 I hope sanity comes just after pompey get relegated to Division 3 Link to comment Share on other sites More sharing options...
CWD Posted 17 May, 2009 Share Posted 17 May, 2009 I wouldn't wish what we're going through on any team - even that lot. TBF a lot of my mates are Pompey fans and they have actually been pretty sympathetic, they want to play us and for that to happen we need to exist. That said I would be beaming if they got relegated... Link to comment Share on other sites More sharing options...
paulwantsapint Posted 17 May, 2009 Share Posted 17 May, 2009 Can see a prem team in admin within next few years poss a so called big team spurs everton villa FA & prem should have acted after Leeds started splashing the cash to get champ league & so successfully failed Regards the blue few personally would like to see natural order return us mid table top flight them 17th in top flight with both derbies won by red & white & the berkshire club in 16th again after both games won by red & white Link to comment Share on other sites More sharing options...
saintbletch Posted 17 May, 2009 Share Posted 17 May, 2009 Can see a prem team in admin within next few years poss a so called big team spurs everton villa FA & prem should have acted after Leeds started splashing the cash to get champ league & so successfully failed Not sure about that. As long as the Premiership finances keep piling in each season then I think most teams can placate creditors and survive. However in placating creditors the resultant weakened squad may push them down and it's when they cease to be a Premiership team that the problems will occur. Link to comment Share on other sites More sharing options...
Wade Garrett Posted 17 May, 2009 Share Posted 17 May, 2009 They may well go down next year. However, unfortunately they do have players[ Crouch, Krancjar, Johnson and one or two others ] who would command pretty hefty transfer fees. Players value go down when the vultures smell desparation. Personally, I am more bothered with what happens to us. They are just another team to me (albeit with a minority of idiot supporters, not that much different to most teams really). Link to comment Share on other sites More sharing options...
PaulSaint Posted 17 May, 2009 Author Share Posted 17 May, 2009 We have been to Hell and back and no matter what or who i dont think i would wish it on anyone else If like me you worked in a large building in Portsmouth where I hear the Pimpley fans talking openly about us suffering in the corridors & the lifts everyday you might feel different. To date not heard any empathy, justhisterical laughter & a general "oh f* ck em attitude"? Link to comment Share on other sites More sharing options...
OldNick Posted 17 May, 2009 Share Posted 17 May, 2009 I wouldnt want them to go out of business but have a bit of their smirk taken off their faces. Link to comment Share on other sites More sharing options...
sun of spain Posted 17 May, 2009 Share Posted 17 May, 2009 To answer the question in a single word, probably. Yes we do have a far greater debt than Saints had. Yes we may well be relegated at the end of next season. And yes, if we do go down then I can see us freefalling into a financial abyss. However, as Graffito says, the fact that we are in the Prem for another year does give us some hope of finding a buyer, or at least a fresh investment injection, before the trapdoor opens. Of course, you could argue but for the credit crunch, which has apparently left our owner strapped for cash, that our finances would be far less precarious. However, the reality is that we'll probably have to sell some of our best players in the summer in an effort to balance the books, and without the likes of Glen Johnson, Peter Crouch, Sylvan Distin or Niko Krankjar, we could even challenge Derby's record low points total (which I'm sure you'd all enjoy). But let me make one thing absolutely clear. Not every Pompey fan is extracting the urine at your current predicament. Those of us that have supported our club for long enough remeber the SOS Pompey campaign in the 70's. You're nt the first fans to put your change in a bucket in an attempt to keep your club afloat you know. More recently we were days away from liquidation, days away from ceasing to exist. It's not a nice feeling. In fact, it's so not a nice feeling that some of from the blue end of the M27 wouldn't wish it on the fans of any club - not even Saints. Am I enjoying seeing my team as top dos in Hampshire for a few seasons? - Yes I am. Am I enjoying seeing your club teetering on the brink? - No I'm not, because I know what it feels like, and I can only hope that I never have to feel those feelings again. IN MY WAY - Glad to see there are some Saints fans with a bit of class. STANLEY - Fratton Park may be a s**thole, but it's our s**thole and it is an asset worth several million (if only to Tesco as a building site). St Mary's is a far better stadium, but it's probably much of the reason your club is in the position it is now in. Fair comment and despite our fierce rivalry, I doubt many fans want to see either of us go to the wall.If both sets of supporters were being honest,I'm sure they would rather both teams were in the same league(preferably Premiership) enjoying the fantastic atmosphere that the local derby games bring. :partyman: Link to comment Share on other sites More sharing options...
Eyes k8 Posted 17 May, 2009 Share Posted 17 May, 2009 You have to make a distinction between outside debts and internal debts. Your debts are external which is why you're bust. A lot of our debts are internal in the form of loans from Sacha. This doesn't mean were bust but it does mean that sacha will have to sell at a loss with only his pictures of the FA cup to show for it. So we are not about to go under and we will balance the books this year (this will be a concept unfamiliar to some of your past chairmen). Our problem is more long term, not having the money to build a new ground and having a ground that can't support premier league status long term. Just in case you find two billionaires can you pass one on. Thanks in advance. Eyes k8 Link to comment Share on other sites More sharing options...
Saints Warrior Posted 17 May, 2009 Share Posted 17 May, 2009 I think the Prem will change as the FA have seen this as a problem and will split the Prem in two so the big 8 in one leaque and the others in another. Any team not able to attract huge TV audiance wont be in top part unless by promotion/scambling survival each season. The top 8 will then eventually play Euro teams and celtic Rangers. With probally a token few games with some other clubs. Link to comment Share on other sites More sharing options...
Saints Warrior Posted 17 May, 2009 Share Posted 17 May, 2009 Eyes K8, my recommendation would be , never build a new stadium, just expand the one you have. Saints should never have moved and its now come to light that not much of the ground has been paid off as expected. Also you will never generate a `real traditional football`atmospher in a bowl due to the shape and spread, distance from pitch. I went to the Forest game and the ground is fantastic a good proper ground. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 17 May, 2009 Share Posted 17 May, 2009 Like a lot of people have previously stated, I have no wish for the feelings regarding the frailty of our club on anyone else. The lower leagues have always seen sides struggle but now is the time for the authorities to reign the richer clubs in. Sanity has to return before our game is totally destroyed. To me it seems so obvious why so many clubs are now in danger of going to the wall. The riches on offer to the select few are so immense that clubs will over spend endeavoring to reach them. With more and more insane amounts of money being paid for overseas players we are allowing far too much to leave the game. Instead of wishing our fate on others people should be fighting the powers that be to change the structure of our game financially. It has been done before with wage restraints and again with the Bosman ruling so can be done. Spread the wealth in a more even manner and the game will be safe. ALL IN MY HONEST OPINION OF COURSE. I have been saying this for some years. Many of us laughed at th SPL, with only two teams in contention each year, now look at the the PL, same old teams in the top four. Solution:- Handicap them, like in golf. Each year start the top half on minus points....champions -15, runners up -14 third -13 etc etc. A wage cap is a must. The play offs must be between third/forth from bottom, against third and forth in the next league down. 3 points for a win, 2 points for a score draw 1 point for a no score draw. An extra point awarded for scoring 3 goals or more. A sin bin should be introduced as in rugby. Get rid of penalty shoot outs, the teams should play extra time, and every five minutes, have to reduce their team by one player......golden goal applies. Link to comment Share on other sites More sharing options...
St Steve Posted 17 May, 2009 Share Posted 17 May, 2009 No club or its fan should have to go thru this situation, not even pompey. Link to comment Share on other sites More sharing options...
Mole Posted 17 May, 2009 Share Posted 17 May, 2009 No club or its fan should have to go thru this situation, not even pompey. Would you like to reconsider that statement? Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 17 May, 2009 Share Posted 17 May, 2009 Saints should never have moved. Also you will never generate a `real traditional football`atmospher in a bowl due to the shape and spread, distance from pitch. Its not the ground that put us in this position Link to comment Share on other sites More sharing options...
miserableoldgit Posted 17 May, 2009 Share Posted 17 May, 2009 We have been to Hell and back and no matter what or who i dont think i would wish it on anyone else Sadly, we may not be back yet! Link to comment Share on other sites More sharing options...
stardustonmyfeet Posted 17 May, 2009 Share Posted 17 May, 2009 I hope they decked him as soon as the photographer buggered off Link to comment Share on other sites More sharing options...
OldNick Posted 17 May, 2009 Share Posted 17 May, 2009 I hope they decked him as soon as the photographer buggered off That picture always makes me smile, you have 1 mounting him from behind and the little geek on the right with his hand holding what looks like a dipstick Link to comment Share on other sites More sharing options...
Rocker268 Posted 17 May, 2009 Share Posted 17 May, 2009 Although I wouldn't wish any club to fold, Pompey are far too smug, so it would be great to shut them up. As said before it is only their PL status that is saving them, we folded with about 10% the debts they have and are strugling to find a buyer despite our assets, Pompey have nothing to really sell in terms of assets and all their players ould have to go due to their wages being too high, so unless you find someone who needs their head examining I doubt if they went into Admin they would be saved. Has anyone else noticed the paralles between us two: Good cup run and gaining a European stint one season with a manager loved by the fans, then the next season a succession of managers and a low - mid table finish. I'm tempted to put money on them going down next year then folding Link to comment Share on other sites More sharing options...
Mole Posted 17 May, 2009 Share Posted 17 May, 2009 (edited) That picture always makes me smile, you have 1 mounting him from behind and the little geek on the right with his hand holding what looks like a dipstick If anyone has an images of ugly pompey fans please pm them to me. It's an ambition of mine to do my own youtube tribute to them along these lines. It can't be that hard to get a compliation together... http://www.telegraph.co.uk/sport/2485595/Portsmouth-fans-ugliest-as-Liverpool-land-Premier-League-beauty-crown.html Edited 17 May, 2009 by Mole Link to comment Share on other sites More sharing options...
Merovingian Posted 17 May, 2009 Share Posted 17 May, 2009 They may well go down next year. However, unfortunately they do have players[ Crouch, Krancjar, Johnson and one or two others ] who would command pretty hefty transfer fees. absolutely, we maybe £65M in debt (alledgedly) but we are about to shed £15M from the wage bill this summer. Crouch , Johnson and Kranjcar are worth a considerable amount, we do not have a stadium debt hanging around our neck. Our debt is in the form of loans to the chairman, and No I am not enjoying seeing you at the brink of extinction. Most of us have been there ourselves and want to see you come out the other end If we go down, with parachute payments etc we would probably just about be able to survive and lets face it we won an FA Cup and got into Europe so even if we do go down next season it will all have been worth it at the end of the day Onwards and upwards for both teams I hope. As someone said it would be better to have us both in the top league Link to comment Share on other sites More sharing options...
up and away Posted 17 May, 2009 Share Posted 17 May, 2009 When it does go belly up (and it will), they will be in a far worse place than we have ever been. They have been downright stupid and its gonna catch them up. Oh, and they WILL go down next year, guaranteed, I'll have a bet with any skate on here. We are already in the position of slipping to the worst place possible. At least Pompey has time on their hands before it goes completely pear shaped. They will lose a lot of high earners next season, probably replaced by CCC levels in skill and salary. So they go down next season with the PL money + the parachutes to come and maybe their own ground? Most of that money will be cosumed by debt but they do have some chance. We are waiting to see if we can stay in the Football League or begging to be allowed into the Blue Square Premier with little chance. If you think Pompey were stupid, taking scale into consideration we are the absolute dumbo's for our finacial policy in the CCC. Link to comment Share on other sites More sharing options...
Merovingian Posted 17 May, 2009 Share Posted 17 May, 2009 as has been mooted for a long time - safety means buyers will now go ahead to try and complete a deal http://www.newsoftheworld.co.uk/sport/308802/Portsmouth-owner-takes-pound30m-hit-Sasha-Gaydamak-will-lose-a-fortune-when-he-sells-up.html american or far eastern.....hmmmm..question is will it be as exciting/nerve racking/lengthy as your lots.... Link to comment Share on other sites More sharing options...
Eyes k8 Posted 17 May, 2009 Share Posted 17 May, 2009 Although I wouldn't wish any club to fold, Pompey are far too smug, so it would be great to shut them up. As said before it is only their PL status that is saving them, we folded with about 10% the debts they have and are strugling to find a buyer despite our assets, Pompey have nothing to really sell in terms of assets and all their players ould have to go due to their wages being too high, so unless you find someone who needs their head examining I doubt if they went into Admin they would be saved. Has anyone else noticed the paralles between us two: Good cup run and gaining a European stint one season with a manager loved by the fans, then the next season a succession of managers and a low - mid table finish. I'm tempted to put money on them going down next year then folding So if your debts are about £30m that makes ours about £300m. Should i worry? Of course someone would buy us if we went into administration we don't have a mortgage. Perfectly possible for someone to make money out of development or simply milking us in a lower division. saints problem is that they have already been developed so that's not an option and come with a huge mortgage in terms of milking the fans in a lower league. We are therefore far less of a risk Link to comment Share on other sites More sharing options...
CWD Posted 17 May, 2009 Share Posted 17 May, 2009 Would you like to reconsider that statement? That guy is such a douche Link to comment Share on other sites More sharing options...
mack rill Posted 17 May, 2009 Share Posted 17 May, 2009 I was just reading this from the Guardian. Anyone reckon what happened to us happen to that lot down the road in about 12-24 months time? If it does will you laugh or be sad? I'll just let the Smilie below convey my feelings on the matter: :partyman: Nar,,,,yer not that lucky;) Link to comment Share on other sites More sharing options...
david in sweden Posted 17 May, 2009 Share Posted 17 May, 2009 I was just reading this from the Guardian. Anyone reckon what happened to us happen to that lot down the road in about 12-24 months time? If it does will you laugh or be sad? I'll just let the Smilie below convey my feelings on the matter: :partyman: Sounds like the first step on a slippery slope - doesn't it ? Will I laugh ...? depends where we are in 18 months time. Link to comment Share on other sites More sharing options...
Leicestersaint Posted 17 May, 2009 Share Posted 17 May, 2009 I care more about what happens to us than that skatey lot. Link to comment Share on other sites More sharing options...
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