seagullsovergrimsby
#cpfctinpotclub
I think the offer has been made because there is a possibility the high court judge could rule against the administrator's appeal to make Portpin sell Fratton Park to PST.
Will Pompey fold? (merged threads)
- Thread starter Brighton TID
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Gary Leeds
Well-known member
- May 5, 2008
- 1,526
Don't forget they still have their 11 point deduction to come off as well
Wasn't there some Pompey fans giving it large before the season started that even with -10 points they would still walk that division? 
Barrel of Fun
Abort, retry, fail
c0lz
North East Stand.
seagullsovergrimsby
#cpfctinpotclub
The latest deadline seems to benefit the FL , if the court hearing is delayed and Pompey doesn't come out of administration in time the fixtures will still be completed. Portpin get a bigger payout from the Harris consortium bid , have Portpin threatened legal action against the FL on this basis ?
Greg Bobkin
Silver Seagull
- May 22, 2012
- 15,064
Just saw this on today's Fiver, from the letters section.
Brings home the reality of how quickly they've gone from boom to bust, but it made me chuckle...
"Imagine a Portsmouth fan waking up from a coma and asking about the current football results and you told him Kevin-Prince Boateng and Sulley Muntari both scored in a 2-0 win against Barcelona in the last 16 knock-out stage of Big Cup. 'Portsmouth are in [Big Cup]?!' asks the Pompey fan. 'No, they're about to be relegated to League Two, assuming they avoid going out of business altogether,' you respond. Good bedside manners or just cruel?" – Chris Harrison.
- - - Updated - - -
Just saw this on today's Fiver, from the letters section.
Brings home the reality of how quickly they've gone from boom to bust, but it made me chuckle...
"Imagine a Portsmouth fan waking up from a coma and asking about the current football results and you told him Kevin-Prince Boateng and Sulley Muntari both scored in a 2-0 win against Barcelona in the last 16 knock-out stage of Big Cup. 'Portsmouth are in [Big Cup]?!' asks the Pompey fan. 'No, they're about to be relegated to League Two, assuming they avoid going out of business altogether,' you respond. Good bedside manners or just cruel?" – Chris Harrison.
Brings home the reality of how quickly they've gone from boom to bust, but it made me chuckle...
"Imagine a Portsmouth fan waking up from a coma and asking about the current football results and you told him Kevin-Prince Boateng and Sulley Muntari both scored in a 2-0 win against Barcelona in the last 16 knock-out stage of Big Cup. 'Portsmouth are in [Big Cup]?!' asks the Pompey fan. 'No, they're about to be relegated to League Two, assuming they avoid going out of business altogether,' you respond. Good bedside manners or just cruel?" – Chris Harrison.
- - - Updated - - -
Just saw this on today's Fiver, from the letters section.
Brings home the reality of how quickly they've gone from boom to bust, but it made me chuckle...
"Imagine a Portsmouth fan waking up from a coma and asking about the current football results and you told him Kevin-Prince Boateng and Sulley Muntari both scored in a 2-0 win against Barcelona in the last 16 knock-out stage of Big Cup. 'Portsmouth are in [Big Cup]?!' asks the Pompey fan. 'No, they're about to be relegated to League Two, assuming they avoid going out of business altogether,' you respond. Good bedside manners or just cruel?" – Chris Harrison.
Epic quote
brightonrock
Dodgy Hamstrings
- Jan 1, 2008
- 2,482
SAKE. When are they just going to f***ing die? The FL said if they start next season in admin they'll lose their membership to the league, so surely this is them resigning themselves to that?
Curious Orange
Punxsatawney Phil
In other more interesting news it sounds like Chainrai is getting a bit panicky!
Good News: Portpin Threaten Football League Over Pompey Deal
Good News: Portpin Threaten Football League Over Pompey Deal
Papa Lazarou
Living in a De Zerbi wonderland
Blue Valkyrie
Not seen such Bravery!
That would be excellent. They are down this year anyway, so the points deduction is a meaningless penalty. Let them pay it properly next year when it counts.
- Jul 7, 2003
- 47,272
Interesting article . Looks as if it is down to the fans putting their hands in their pockets and or emptying their bank accounts now .
Mileoakman
Well-known member
When you delve into the latest financial figures produced by the Administrator it does make you wonder how there going to get out of this.
They owe £2m+ to the administrator, £1.5m to a law firm advising them, apparently £11m+ to former players and other football creditors that has to be paid when the Trust takes over, £3m+ to Chanrai, (if they can persuade the court, he wants triple that). Their wealthy supporters have bankrolled them for the last 6 months to the tune of hundred of thousands of pounds and there still losing money hand over fist! Even with the Administrator cutting like mad they have lost a further £0.5m in the last 4 months! The last parachute payment is due later in the year for about £7m and they might have about £2m due from fans who have bought £1000 shares, (if they all cough up). On top of that the Local Council have offered them a loan of about £1.5m, (more debt to start with).
So basically they owe about £17.5m+ and probably might have £10.5m if there lucky. The Trust has also based its business plan on Pompey being in the Championship or at least League One next season rather than League Two if they even get that far. As there losing money now each week, and with a lot of income drying up soon at the end of the season how on earth can they possibly get the books to balance. The Football League have said that nobody but the Trust can takeover so that rules out any white night appearing with oodles of cash. My god what a complete mess.
There only hope I reckon is liquidation and start again in the lower leagues. At least they would be debt free and still have a club.
They owe £2m+ to the administrator, £1.5m to a law firm advising them, apparently £11m+ to former players and other football creditors that has to be paid when the Trust takes over, £3m+ to Chanrai, (if they can persuade the court, he wants triple that). Their wealthy supporters have bankrolled them for the last 6 months to the tune of hundred of thousands of pounds and there still losing money hand over fist! Even with the Administrator cutting like mad they have lost a further £0.5m in the last 4 months! The last parachute payment is due later in the year for about £7m and they might have about £2m due from fans who have bought £1000 shares, (if they all cough up). On top of that the Local Council have offered them a loan of about £1.5m, (more debt to start with).
So basically they owe about £17.5m+ and probably might have £10.5m if there lucky. The Trust has also based its business plan on Pompey being in the Championship or at least League One next season rather than League Two if they even get that far. As there losing money now each week, and with a lot of income drying up soon at the end of the season how on earth can they possibly get the books to balance. The Football League have said that nobody but the Trust can takeover so that rules out any white night appearing with oodles of cash. My god what a complete mess.
There only hope I reckon is liquidation and start again in the lower leagues. At least they would be debt free and still have a club.