Official Portsmouth FC thread.
Discussion
What leniency?
The first time we entered administration was after the owner used the clubs money (and sold the majority of the squad) to fund his failing business elsewhere.
The second time fair enough - the owner borrowed too much and overspent.
Look at the finances of well run clubs such as Fulham and Bolton - they are far more in debt than we ever were.
None of the other clubs so far appear to have had their ownership passed around offshore between alternating dodgy Arabs and Russians... let alone had convicted fraudsters allowed to run them whilst they were stripped bare.
Have a read of http://en.wikipedia.org/wiki/Ali_Al-Faraj - our problems go far deeper than merely overspending.
The first time we entered administration was after the owner used the clubs money (and sold the majority of the squad) to fund his failing business elsewhere.
The second time fair enough - the owner borrowed too much and overspent.
Look at the finances of well run clubs such as Fulham and Bolton - they are far more in debt than we ever were.
None of the other clubs so far appear to have had their ownership passed around offshore between alternating dodgy Arabs and Russians... let alone had convicted fraudsters allowed to run them whilst they were stripped bare.
Have a read of http://en.wikipedia.org/wiki/Ali_Al-Faraj - our problems go far deeper than merely overspending.
One of the major problems here is the "fit & proper person" test the FA/Premier League uses to see if someone should be allowed to buy into a football club.
Have a look at my "Saab Gone?" thread over in General Gassing. The European Investment Bank, the Swedish Government and General Motors all knew there was something dodgy about Antonov and all insisted that any further investment that he wanted to make in Saab did not come from any bank he actually owned. Surprise, surprise, he couldn't make that condition and didn't take over the company.
The FA/Premier League?
"Sure, come in, have a cup of coffee. How much have you got? You're a fit and proper person,"
Have a look at my "Saab Gone?" thread over in General Gassing. The European Investment Bank, the Swedish Government and General Motors all knew there was something dodgy about Antonov and all insisted that any further investment that he wanted to make in Saab did not come from any bank he actually owned. Surprise, surprise, he couldn't make that condition and didn't take over the company.
The FA/Premier League?
"Sure, come in, have a cup of coffee. How much have you got? You're a fit and proper person,"
Edited by The Hypno-Toad on Friday 24th February 07:41
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