Looks like the end for Portsmouth FC
Looks like the end for Portsmouth FC
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Discussion

Gun

Original Poster:

13,432 posts

241 months

Friday 22nd October 2010
quotequote all
Portsmouth FC are likely to fold as they can't continue trading.

http://news.bbc.co.uk/sport1/hi/football/teams/p/p...

hornetrider

63,161 posts

228 months

Friday 22nd October 2010
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What!

Nightmare for those fans.

croyde

25,508 posts

253 months

Friday 22nd October 2010
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Should get the Chilean Miners rescue lot to buy them. If anyone could dig them out of a hole..........

mickk

30,155 posts

265 months

Friday 22nd October 2010
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Bad news indeed.

Allblackdup

3,312 posts

231 months

Friday 22nd October 2010
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Quite shocking really!

Just shows how quickly things can change in football. One minute, they're on the up, they win the FA cup and play in Europe, the next Administration, Relegation, Championship football and now this!

Feel very sorry for those fans.

cqueen

2,634 posts

243 months

Friday 22nd October 2010
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Wow, those poor fans must be devistated.

Alas, I'm sure 'Portsmouth United' will be along soon smile

curlie467

7,650 posts

224 months

Friday 22nd October 2010
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It is bad news, shocking how quickly you can be sucked in and shat out.

MikeyT

17,768 posts

294 months

Friday 22nd October 2010
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So WHERE has all the money gone then?

Legacywr

14,518 posts

211 months

Friday 22nd October 2010
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Pompey were a small club that someone threw a lot of money at, as a folly, but now he is no longer throwing money at them.. guess what? They are a small club again!

There is a lot more to it of course, but that is why this problem exists!

Dominic H

3,287 posts

255 months

Friday 22nd October 2010
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MikeyT said:
So WHERE has all the money gone then?
Massively overspending on average, and in some cases very average players. John Utaka is on a reported £80k a week following a £7m transfer, his cost to Portsmouth over the term of his contract will be £23m.....

He's only one of a whole squad. Hull will be next.....

The jiffle king

7,418 posts

281 months

Friday 22nd October 2010
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As a Saints fan I am sorry to hear this. I know some fellow Saints supporters will be laughing, but this is not good for the game of football. It's a reflection that football is no longer a game but a business and sadly the Portsmouth business was mis-managed and is going bust. This is the latest in a long line of clubs (mine included) which have been awfully managed and run beyond their means. I'm sure that Portsmouth will be back as rivals to the Saints soon and in my opinion, the sooner the better.

Legacywr

14,518 posts

211 months

Friday 22nd October 2010
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I don't think much will come of this though, I think it is just one multi-millionaire saying to another multi-millionaire "Stop p1ssing me about and give me my fooking money!"

I must admit that I don't like the current situation, not because I'm a Saints fan, but because, during this tight time for this country they have got away with not paying the taxman(us)what they owed! That was a kick in the teeth for all of us IMO!!

North West Tom

11,649 posts

200 months

Friday 22nd October 2010
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Where's that euromillions winner when you need 'em eh?

Legacywr

14,518 posts

211 months

Friday 22nd October 2010
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North West Tom said:
Where's that euromillions winner when you need 'em eh?
Yes! Maybe they could pay the taxman(us) the money that was owed!

ClintonB

4,732 posts

236 months

Saturday 23rd October 2010
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anonymous said:
[redacted]
Surely you're not suggesting a visiting professorship at the Venables School of Accountancy? wink Perhaps a double act with Dr Storrie?



In many respects it is absolutely no surprise whatsoever that this is happening - Too many shady/hopeless people involved and a relatively expensive team based around a tiny stadium. Not quite a recipe for business success.

I wonder who will be the next to fall? I'm certain that Pompey won't be the last, given the current premiership financial model.

R1 Loon

26,988 posts

200 months

Saturday 23rd October 2010
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Won't happen, some deal will be struck. The Football League & FA are petrified of a club folding as the deck of cards will come tumbling down. They'll let them struggle on for another 3 or 4 years under some blag and then when they're in the Conference let them fold in the close season.

ClintonB

4,732 posts

236 months

Saturday 23rd October 2010
quotequote all
R1 Loon said:
Won't happen, some deal will be struck. The Football League & FA are petrified of a club folding as the deck of cards will come tumbling down. They'll let them struggle on for another 3 or 4 years under some blag and then when they're in the Conference let them fold in the close season.
You could be right in some sense. However, it's arguable that for the good of the game, a reasonably sizeable/well known sacrificial lamb is very necessary. The downer (aside from the obvious ones) is that it gives Platini something else to gloat about regarding the English game.

R1 Loon

26,988 posts

200 months

Saturday 23rd October 2010
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ClintonB said:
You could be right in some sense. However, it's arguable that for the good of the game, a reasonably sizeable/well known sacrificial lamb is very necessary. The downer (aside from the obvious ones) is that it gives Platini something else to gloat about regarding the English game.
There's no chance of a sacrificial lamb, Leeds didn't go out of business despite being put into administration three or four times and then bought for £1.

Football will never level out as a new richer benefactor pops up just as some semblance of normality is returning to the game and completly fks it up for everyone else.


E21_Ross

36,596 posts

235 months

Saturday 23rd October 2010
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what is the likeliness of this actually happening though? and isn't today the deadline?

cheers

haggy

1,955 posts

237 months

Saturday 23rd October 2010
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Sad for the club & it's employees, but not for the fans.