For the 3rd month running, they've failed to pay their players wages

http://news.bbc.co.uk/sport1/hi/football/t...uth/8435997.stm

And added to the Winding-Up Petition by HM Revenue & Customs, NOW the French club Lens are asking FIFA and UEFA to kick them out of the Premier League, jsut like Excelsior Mouscron in Belgium were kicke dout of their top flight for a similar financial mess

http://www.skysports.com/story/0,19528,11674_5817876,00.html

Going.......

going........


Can't see them being kicked out of the Prem, though.

They should be made to swap with Newcastle - there should only be stable, well-run clubs in the Prem!

As a matter of course I don't give a twopenny toss about Portsmouth. But I do feel a bit of sympathy for their fans.

On the other hand, if a creditor tried to wind up Liverpool for their debts I wouldn't give a feck about the whole caboodle.

How many points will they be deducted if they go into administration? It could amount to the same thing

Pay up Pompey! Pompey pay up!!

10 points probably. Would seal their plight.

Looking at them, if they go down, liquidation is a near certainty

In Belgium we work with a licence system where as a club you can only have a certain amount of debt. Quite complicated.

In theory it's a good system but you also hurt yourself because other teams in Europe (Real Madrid, Man Utd,...) can make debts allmost as much as they want.

A European licence system would be a good thing, but I think the Uefa is to afraid of the big clubs to force such system.

Anyway last year they gave a licence to Mouscron for the year 2009-2010 under restrictions.

And that was a big mistake, you give a licence or you don't give a licence.

Mouscron couldn't pay their debts and now they are gone. Now there is much controversy because all the points gained against Mouscron are deducted. That was a rule voted by all the teams before the start of the season.

Now there are teams who lost 6 points and are going to court to reclaim their points.

I don't understand the Portsmouth situation, I thought they had a really rich owner?

That's the problem when you start laying down laws about how businesses should be run - and football clubs are businesses as well as having a social face. Its the same in France: too many laws and too much Government interference equals a fuck up.

Platini wants all clubs playing in Europe competitions from 2012 to balance their football revenues and expenditure (God knows how he defines that, though) or else no play. It seems to me that the likes of Real Madrid and Man U could be screwed by that - and they wont like it.

So then we're likely to have one rule for clubs with punch and another for the rest.

In Belgium would Anderlecht or Club Brugges have faced the same shit as Mouscron? I rather doubt it.

In any event, I don't think Pompey will be the last English club this year to have the bailiffs come a-knocking.

In Sacha Gaydamak, they did, but then he decided to feck off leaving the club in the lurch with that Sulaman Al Fahim who showed he had no financial clout, he then sold the club to a bunch of Arab investors and after recent events, it seems they dont have much coin either. Another stat i found was since the 2008 Cup Final win, they've made over £80million in player sales, i'd like to ask, where the hell has all that money gone?

Anyway, i'd welcome any motion by the national FA's, UEFA or even FIFA in terms of curtailing spiralling costs and the ridiculous amounts of money spent in each countries elite divisions. But there is one problem, any motion to implement such schemes will have the so called "elite" clubs moaning that its a way of "Equalising" the competition, wiping out any advantage in the markey they can use, and instead of adhereing to the proposals, they'll just club together and form a "Super League" run by a rival organisation (just like in Darts in the mid 90's.) And THAT is what UEFA are scared of.

Because if that happens, costs will go even further through the roof, and that will continue when daft football club cghairman continue to think the good times will last forever and that Football is Recession proof, when it clearly is not, you only need to look at the likes of Portsmouth, Bournemouth, Chester and Stockport to see what affect the downturn is having at clubs where the money is drying up.

Oh well.............

Manure, Spartak Fulham, Dippers the lot of them should be shut down for trading whilst insolvent

I concur

And Abramovich should be disqualified as a director

Mr Macawber should replace him forthwith sir

Agreed, Pompey and their minging shithole of a ground will be back where they belong come June Wolves also look doomed but hopefully either Blackburn or the Makems will go into free fall in the second half of the season.

BTW mate hope you pip the baggies to second place

Players threating walk out

http://www.newsoftheworld.co.uk/sport/foot...time-again.html

I know its the NOTW but if it is true then i dont blame them at all, the normal working class citizen would have done the same a long time before

Forget administration, Pompey are close to death's door

Any players we could possibly get on the cheap

If we go up, then maybe get Williamson on a permanent deal (if we get him on loan this month and he impresses) and maybe steal a march on Burnley and nick David Nugent.

Apart from that, I cant think of many Pompey players that would improve upon what we've already got.

I like Belhadj but our left side is pretty strong so it would be for back-up/competition only.

Seems a very hit and miss player to me, doubt he'd come to be backup and like you say our left side is pretty strong.

Not a lot else there that we would have any chance of getting. Tommy Smith has been linked with us before, decent player at Championship level.

They have now lost there web page due to them not paying the firm who ran it

http://uk.news.yahoo.com/22/20100128/ten-u...th-eaebf69.html

Their strikers are the last players we want! They are all worse than Shola!

The shit just keeps on coming doesnt it?

They got the transfer embargo lifted earlier this week due to the PL being satisfied about settlign all debts, but if you beleive ex-owner Sascha Gaydamak, you'd wonder where they got that from. Apparently according to SSN, he is demanding £9million before January 31st

Yes its lifted but they can only get frees and loans so any players they sell goes straight on paying the debt

Portsmouth boss Avram Grant is considering walking out at Fratton Park after defender Younes Kaboul and Asmir Begovic were sold to help raise funds. The Israeli insisted last month no player would be sold without his prior approval.

And they've failed to pay their players and staff on time for the 4th month running, how long will they be allowed to get away with this?

Well i think the players will go on strike now. With the backing of the PFA

From PFA website.

Portsmouth wait money from Kaboul transfer fee to pay wages

All in all, thats good for this month, but what about next month, especially when the ex-owner (Gaydamak) is demanding a huge sum back.

When does he want that

According toSky, he wants £9million back by January 31st or he'll go to court, i dont know if they got that from a reliable source or not but it has been known for a while that Gaydamak has been wanting to get back money he invested in the club.

On 606 loads of Pompey fans asking for administration to get it over with

I don't quite get what's gone on with the revolving door of owners at that club. Have the current owners 'done an Ashley' and not looked at the books properly or something?

With them i think they didnt look at the prospective owners records

Wonder what that dick head who changed his name is gonna call himself when they go bust?

He will prob get tattoos took off and be seen at Southampton under the name Mr Saint

He'll take the tattoos off yes, but will probably rename himself Harry Havant & Waterlooville

Even he would never go as far as defecting to their version of the scum

Todays the day that HMRC decides Pompey's fate. It's not looking too good for them after HMRC have rejected a cash offer to pay part of the debt.

Whilst I do not wish to see a club go out of business, perhaps it is needed as a wake up call to all the other clubs that think they can just piss money up the wall and continue to get away with it.

It will be a wake-up call to most clubs. Unfortuntely, we then have the likes of Man City and Chelsea who have no problem with splashing the dosh.

I heard a Man City fan whinging on the radio yesterday that there should be no salary caps on players - he openly admitted that Citeh's time had come (thanks to an oil billionaire) and that they had been in the shadow of Man Ure for too long

I (and you) may not be too keen on Ferguson but at least he built success from hard work and not from the filthy dosh of some rich tw*t from the other side of the world.

Maybe back in the nineties but Ferguson has probably spent as much as anyone on his current team, Ferdinand, Rooney, Hargreaves, Carrick, Anderson, Nani & Berbatov I can think of straight away that cost between £15m-£30m and yet they are allowed to continue spending like this despite debts of £700m+

As much as I dislike Ashley for what he has done to Newcastle, I give him credit for getting us away from the culture of spending money we can't afford, hopefully we may reap the benefits in a few years time if everything goes tits up.

That's slightly different. ManYoo's current financial problems are entirely down to the way the Glazers bought them and then loaded them up to their eyeballs in debt. Without the debt the club inherited in order for Glazer to buy the club, they'd be running at a profit.

Man Utd spent a lot, but they used to be able to afford it.

The seven hundred million pound debt isn't through purchasing players though it is through the Glazers borrowing a huge amount of money to buy the club and then interest added on to it. Clearly, no one would be able to borrow that figure now or anywhere near it.

I may be wrong but Man Utd piled the profits they made back into buying players, didn't they? Anyone got the figures available?

Plus they've expanded their stadium throughout the last 15 years or so, so they haven't been pissing their money away.

I know it's definitly a different situation but I think most of these players have been bought under the Glazer's control, my question is should clubs in debt be allowed to go out and spend money (certainly silly money) on players. Yes if the Glazers hadnt borrowed against the club and weren't racking up such huge interest payments they'd have run at a profit, but thats beside the point as they have done so yet only just scraped a profit in a year they sold a single player for £80m.

You would think if any team in this country could make a profit it would be them - they've had success on the pitch, full houses, sponsorship, merchandise, competitions in the Far East, etc.

Perhaps the footballing authorities will decide enough is enough with regard to debt and the possibilities of clubs folding? Now is an ideal opportunity for Platini to
have his say on the financial mess clubs find themselves in.

Food for thought.....Glazers re-financing their debt with a 500 million pound Bond scheme, paying themselves megabucks, interesting, very interesting.

http://www.guardian.co.uk/football/blog/20...ed-glazers-debt

Pompey been given 7 days to prove the have the cash or bingo its into admin they go ,or even worse winding up order issued , one thing puzzles me , the reporter said a 9 point deduction would be given in they went into admin , thought it was 10 ? and wot happens if they are wound up ? will their record be wiped out ? cause some could loose points and others not