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Post by elroja on Oct 1, 2009 20:12:17 GMT
1 Octubre 09  Portsmouth FC are in real money trouble and have admitted that the players and staff have not being paid this week
Owner Sulaiman al Fahim will refinance the club with £50million of investment in the next few weeks in a bid to end their cash-flow problems
Apparently they are making a massive loss after every home game as the players wages are ridiculously high and every recent transfer income has had to go straight to the bank, along with their tv revenue !!
I feel sorry for the fans they must be so worried at the moment  |
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Post by craig johnson on Oct 2, 2009 9:50:17 GMT
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Post by gerrard on Oct 2, 2009 19:10:31 GMT
scary stuff isnt it peeps? i mean thats what happens when wages are bigger than clubs can afford, players need to get a grip, greedy players will result of more situations like this   |
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Post by Scousysmurf on Oct 2, 2009 19:17:13 GMT
I think we might just be  |
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Post by gerrard on Feb 10, 2010 19:38:16 GMT
10 feb 2010 MORE SAD NEWS FROM POMPEYPortsmouth have had their winding-up order over an unpaid tax bill to HM Revenue and Customs adjourned for another week.
Pompey were in court today to face a winding up order due to their rising dates
the Club owe £11.5million to the Inland Revenue
they have been given to feb 19th to sort themselves out
they also have a VAT bill £7.4million and £4.7million in unpaid PAYE and National Insurance
its a sad sad situation for the Premier League Club |
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Post by craig johnson on Feb 11, 2010 15:01:34 GMT
not looking good for them they need an investor before next week to pay the tax bill  |
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Post by gonzales on Feb 12, 2010 19:50:22 GMT
Footie is killing itself, all clubs are in money trouble, players wages are a disgrace and its going to be real bad in the future |
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Post by gerrard on Feb 23, 2010 18:31:15 GMT
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Post by gerrard on Feb 26, 2010 19:15:10 GMT
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Post by gerrard on Feb 26, 2010 19:23:35 GMT
 GRANT TO STAY FOR NOW...Portsmouth administrator Andrew Andronikou has confirmed boss Avram Grant will stay at the club until the end of the season and there will not be a fire-sale of players.
he said: "I've spoken to Avram briefly, he's given his full support to stay with us until the end of the season.
"I think it would be very naive of me to start looking at a new manager. I think Avram has done an admirable job so far with what he's had (to deal with)."
regarding the players (and the sale of): "As regards to a fire-sale, no. Obviously I need to generate working capital in the next two months.
"As part of that process, we will have to sell one or two players and that's the reason for us talking to the Premier League, to look for a concession.
"But I'm not looking at selling the players on a fire-sale basis."
He also appealed to the fans to get behind the club.
"Please, please stay behind the club. I know it's been a very disturbing season for you, I'm sorry you are where you are but I promise you we will save your club and take you forward.
"Please enjoy the remaining fixtures and please support your club and help us lift the profile of the club to the position where it deserves (to be)."
As for the immediate future, he said: "We are looking to immediately address the significant monthly tax burden of the club by implementing a swift cost rationalisation programme.
"Every aspect of the club's overheads will be reviewed and scrutinised. Our aim is to maximise all revenues and to eradicate all unnecessary costs.
"We have many difficult decisions to make in next few days. I promise you we will save your club and take you forward."*quotes Sky Sports |
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Post by elroja on Feb 27, 2010 20:28:49 GMT
Am i being cynical or is this 'going into administration' not a way to rid yourself of your debts?  |
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Post by craig johnson on Feb 28, 2010 12:20:20 GMT
yes they get rid of some debts eg the builders who did work on the ground will get 3p in the £ or something crazy, so if they are owed £100000 for work done they will get £3000. not good if you owe the bank more. they would be unsecured creditors, along with the caterers,program makers etc. The banks are secured creditors so the will eventually get all their money. Sorry for the long winded reply, but the ordinary companies get shafted and this really annoys me  |
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Post by gerrard on Feb 28, 2010 20:25:04 GMT
ah thats terrible CJ, wouldnt it be nice to see some of the players make a donation to those poor peeps who will get nothing - ooops theres a pig flying above me |
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Post by gerrard on Feb 17, 2012 17:42:58 GMT
POMPEY BACK IN ADMINISTRATION - AGAIN17th Feb 2012 Posh are back into administration and are awaiting another 10 point deduction putting them close to the relegation zone of the championship
The Fratton Park club entered administration for the second time in two years on Friday due to debts of around £4million.
the new administrator is Trevor Birch and he is hoping to find a buyer for the stricken club
Her Majesty's Revenue & Customs have welcomed the decision from the High Court to appoint PKF as administrators, overlooking Hacker Young who had previously undertaken the role for Portsmouth.
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Post by craig johnson on Mar 2, 2012 20:41:32 GMT
think they are really skint now!  Are we about to lose a team before the end of the season??? |
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