Topic: Portsmouth FC out of Administration

[MagicHat]

Ashamed of Sol for that, yes he has the legal right and I would be annoyed if I was owed that amount of money but the timing sucks, would have been nice for him to have just left it alone.

[MrGrumpy]

If I was a Spurs fan I would probably hate Judas Campbell, however thankfully I am not. You can not hate a man for trying to get the money that is owed to him. Chances are though that he'll get a few pennies in the pound like all the other creditors.

[lauz]

If I was a Spurs fan I would probably hate Judas Campbell, however thankfully I am not. You can not hate a man for trying to get the money that is owed to him. Chances are though that he'll get a few pennies in the pound like all the other creditors.

You'd probably hate him? I think you really would hate him, no probably about it.

[Mal]

Campbell's timing is atrocious. But it is alot of money he's owed.

Does he need to register his grievance before incase they go into administration to make sure he's on the list of creditors or similar?

[MrGrumpy]

You'd probably hate him? I think you really would hate him, no probably about it.

I stand by probably, if I'd been born a Spurs fan I'd have lost all interest in football by about 1998, so Sol moving on to better things would have passed me by.

[Finn Solomon]

I stand by probably, if I'd been born a Spurs fan I'd have lost all interest in football by about 1998, so Sol moving on to better things would have passed me by.

 

[Red_Isle_Chap]

So, for those of you that are financially inclined. On a scale of 1-10 with 10 being "Hugely and mightily fucked" How bad is it for Pompy at the moment?

I know that it's bad, but i mean how bad? Does anyone think there's a serious chance they won't make it till the end of the season?

[ttnbd]

he's only suing in case pompey goes into administration at which point he's unlikely to get something back.

[Gromit]

I know that it's bad, but i mean how bad? Does anyone think there's a serious chance they won't make it till the end of the season?

Depends if it's in the rulebook for the PL to give either Pompy a loan or some of their parachute payments early to keep them going til the end of the season.  It would probably be easier for them that way than to declare all Portsmouth matches null and void, they haven't got the balls to take points off Man U, Arsenal, Chelsea and Villa etc.

It would give us one hell of a boost though.

[sinnermichael]

their transfer embargo has been lifted. expect a mass exodus shortly.

[The Manhattan Project]

Does their owner actually exist?

[SP]

their transfer embargo has been lifted. expect a mass exodus shortly.

Couldn't they always sell players - it would be restraint of the players' trade if they could not. They just could not register new players.

This allows them to bulk up the squad with free signings and loans so they can hawk of a few more players to pay the wage bill until the end of the season.

[Lush is the best medicine...]

apparently they havent paid the people who run their website

[Tommy_W]

And we're in advanced talks over the return of Kaboul! Bloody hell Harry!

[amir87]

And we're in advanced talks over the return of Kaboul! Bloody hell Harry!

I heard you're also in talks with Gary Mabbutt and Andy Sinton as well. The glory days are truly back for the spurs.

[sinnermichael]

to be honest it's hardly surprising the state they're in when they're paying the likes of john utaka £80,000 a week

[Tomaldinho]

Their website is down because they haven't paid their hosting fees.

Jeez

[Something Else]

Their website is down because they haven't paid their hosting fees.

Jeez

http://www.portsmouthfc.co.uk/

your not joking either

[adamc_5*]

http://www.portsmouthfc.co.uk/

your not joking either

WOW 

Looks like the only way is down for the Pompey

[Ciara (with a capital "C")]

Jesus, that's pretty bad like.

[Lush is the best medicine...]

funny thing is that the people who run the pompey site are still bragging about having pompey as a customer on their website!!

http://www.toojuicy.com/portfolio/details.aspx?id=89

[INABITSKI]

http://www.portsmouthfc.co.uk/

your not joking either

Working again in the last hour? Seems fine now.

[Master ScouseKnee]

Its working now. . . must've paid up?

[sparkiemark73]

Pay up Pompey.... Pompey pay up!

*coat

[Gromit]

And we're in advanced talks over the return of Kaboul! Bloody hell Harry!

Just wait til you re-sign Paul Robinson 

[Tomaldinho]

Yeah its back up now, someone must have paid the [ignorance/} tenner or whatever it costs to host a website [ignorance/]

[Lent§]

Kaboul and Begovic to Spurs for ~£5m the pair soon.
I have it on good authority the players won't be paid again tomorrow, this surely means they can all walk away from their contracts since it will be the 3rd time.

Hope you had the dough on when i called it they won't last the season.

[Gromit]

Kaboul and Begovic to Spurs for ~£5m the pair soon.
I have it on good authority the players won't be paid again tomorrow, this surely means they can all walk away from their contracts since it will be the 3rd time.

Hope you had the dough on when i called it they won't last the season.

Think PFA rules say players are allowed to give a 2 week notice from the day they aren't paid, and then get free transfers if it's still not resolved.  Begovic looks a decent keeper, very useful back-up at the very least.

[Lent§]

Think PFA rules say players are allowed to give a 2 week notice from the day they aren't paid, and then get free transfers if it's still not resolved.  Begovic looks a decent keeper, very useful back-up at the very least.

From what i've seen of him he's looked good yes. Bosnian international i think.
Ta for clearing up the rules, it looks pretty bad for Pompey right now, i guess they're gonna try and rush through the Kaboul/Begovic deal to pay this months wages some time next week.
I'm sure this has been mentioned before but it's not the players i care about here, more the club shop staff/ticket office etc etc etc, these are all normal working folk with bills and mortgages to pay, it's awful for them i bet.

[Gromit]

Is James no longer going to Stoke then?  I assumed Pompy were hoping to get his wages off the bill and they had a decent alternative keeper in  Begovic.

As well as the non-playing staff, I imagine there could be a few trainees and youth players wondering if they're gonna find another club to take them on.

[Lent§]

Is James no longer going to Stoke then?  I assumed Pompy were hoping to get his wages off the bill and they had a decent alternative keeper in  Begovic.

As well as the non-playing staff, I imagine there could be a few trainees and youth players wondering if they're gonna find another club to take them on.

Stoke apparently wanted Pompey to pay half of his (reported) £80k wages, which Pompey were having none of. I'm unaware of any concrete developments regarding this move since it fell through. I know Stoke were still interested in sorting a deal though.

Grant would obviously want to keep Kaboul and Begovic, i'd say this is above his head.

[The Manhattan Project]

Portsmouth's new official web presence will be limited to making the occasional comment on YouTube.

[Lush is the best medicine...]

Kaboul and Begovic to Spurs for ~£5m the pair soon.
I have it on good authority the players won't be paid again tomorrow, this surely means they can all walk away from their contracts since it will be the 3rd time.

what i dont get is why spurs dont just wait for pompey to go fully tits up i.e. wait until the players can break contracts and then make offers for them

[Lent§]

what i dont get is why spurs dont just wait for pompey to go fully tits up i.e. wait until the players can break contracts and then make offers for them

'Arry trying to curry favour in a City he's building "luxury" seafront apartments? Or is that me being cynical?

[youll never walk alone it]

heard the jon utaka wages situation from a mate the other day, but seriously who the hell was in charge when they offered utaka  that contract?  if its redknapp surely that  crime is far bigger than anything else hes been had up for?

[Lush is the best medicine...]

'Arry trying to curry favour in a City he's building "luxury" seafront apartments? Or is that me being cynical?

really? so thats what he's done with all the money he's had in brown paper bags over the years then...

heard the jon utaka wages situation from a mate the other day, but seriously who the hell was in charge when they offered utaka  that contract?  if its redknapp surely that  crime is far bigger than anything else hes been had up for?

thing is redknapp isnt the one who signs the cheques so even if he did want to pay him that someone higher up (i.e. storrie, gaydamak) should have put their foot down (esp as i believe torres was on similar sort of money at the time when he signed for us)

btw why hasnt gaydamak gotten any shit for this? he was the one who took out the bank loans, made sure that the player sales paid his loans instead of the bank loans iirc and when he sold the club i believe he kept the ground around fratton park in case it all went tits up he'd have some insurance - how has he gotten such a soft ride

[Lush is the best medicine...]

and just to back up what lents was saying earlier about wages:

http://www.guardian.co.uk/football/2010/jan/28/portsmouth-warn-staff-over-wages

[rafathegaffa83]

Kaboul and Begovic to Spurs for ~£5m the pair soon.
I have it on good authority the players won't be paid again tomorrow, this surely means they can all walk away from their contracts since it will be the 3rd time.

Hope you had the dough on when i called it they won't last the season.

Won't it be the fourth time?

From what i've seen of him he's looked good yes. Bosnian international i think.

Yeah he played a couple of games for Canada's U-20 team as he has dual citizenship, but as with most Canadian players once the European national teams come calling (Jonathan de Guzman, Hargreaves, Begovic) they tend to switch allegiances.

I'm sure this has been mentioned before but it's not the players i care about here, more the club shop staff/ticket office etc etc etc, these are all normal working folk with bills and mortgages to pay, it's awful for them i bet.

Indeed it is terrible situation for them. I do not understand how the PL has allowed this circus to continue for so long. Absolute shambles.

[rafathegaffa83]

Interesting development

Peter Storrie says he and Avram Grant considering quitting Portsmouth

• Transfers make our positions untenable, says chief executive
• Pair 'not consulted' over Kaboul and Begovic deals

    * Jamie Jackson
    * guardian.co.uk, Friday 29 January 2010

Portsmouth's troubled season reached ­crisis point last night after Peter Storrie, the chief executive, said his position and that of the manager, Avram Grant, had become "untenable".

Storrie was aggrieved after "being pushed to one side", as he put it, over the proposed sale of Younes Kaboul and Asmir Begovic to Tottenham, which went ahead without the pair being consulted, and it is understood that both he and Grant are considering whether to resign. It also emerged that staff and players may not be paid again today, although that may be solved by the transfer of Kaboul, for around £8m.

Storrie's outburst followed his sidelining by the club's hierarchy, whose ability to conduct transfer deals he questioned. He said: "In many ways our position at the club has become untenable. It makes you wonder what we are doing here at the moment. In my time at the club I have negotiated some expensive deals and I think I am good at it. If there is a need to sell players to keep the club afloat then I think I'm the best person to get the best fees."

Grant has always maintained that he must be consulted over any player sales. Storrie added: "I didn't know anything about these deals until I came into the office this morning and spoke to Avram. I was told there were meetings going on at Spurs. Avram is disappointed – he understands if someone has to be sold to keep the club going then so be it. But we both feel we could have got a better deal.

"I think Begovic is going to be a fantastic player so to sell him is not the best move in the world – that is the deal that Avram is disappointed with the most. We feel we have been pushed to one side."

Kaboul was formerly at White Hart Lane before Harry Redknapp took him to Portsmouth in the summer of 2008. While that deal is thought to have cost around £7m Portsmouth hope to sell Kaboul back to Spurs for £8m, though they still owe £2m to Tottenham from the original transfer. A sell-on clause also has to be considered.

Begovic, who has featured recently in the absence of the injured England goalkeeper David James, would cost Spurs around £2.5m. As he also featured for ­Ipswich while on loan this season there is a question mark over his ability to play for a third club. Portsmouth, though, are confident that Redknapp is content to allow Ben Alnwick to continue understudying Heurelho Gomes until next season.

If Begovic does move then James's prospective loan deal to Stoke City would almost certainly not happen. The Spurs midfielder Jamie O'Hara, who spent the first half of the season on loan at Fratton Park, is expected to renew the deal over the coming days, while the 23-year-old Ghana striker Quincy Owusu-Abeyie ­completed his loan move from Spartak Moscow last night. The deal is subject to international clearance.

Portsmouth have, meanwhile, sent an email to staff warning them of the wages situation. If they are not paid it will be the fourth month in which this happened. While the club have not yet commented, and the Professional Footballers Association could not be reached, it is thought that when Nick Cusack, the senior executive of the PFA, met the players at their training ground earlier this week the issue of salary non-payment was raised. Storrie was unable to offer any assurances.

Portsmouth's further financial woes include the winding-up petition served on the club by Her Majesty's Revenue and Customs before Christmas. The hearing is pencilled in for 10 February. The club was given leave to appeal against the dismissal of an initial challenge to the petition by the high court last week, though it remains unclear if they will ­exercise the option.

The club also have to pay a round of transfer instalments today, said to amount to around £2m, plus further payments are due on Sunday and next week. If any of these are missed the ­Premier League will consider reapplying the player registration embargo which was only lifted earlier this week.

Sacha Gaydamak, Portsmouth's former owner, is also due a payment of at least £9m by the close of the month. If Gaydamak is not paid then one option open to him is to join the HMRC petition, though he is unlikely to do so.

The former captain Sol Campbell is also suing the club for around £1.7m for lost earnings and yesterday there was ­further financial embarrassment when Portsmouth's ­website was taken down temporarily after the club failed to keep up payments.
http://www.guardian.co.uk/football/2010/jan/29/peter-storrie-avram-grant-portsmouth

[Lush is the best medicine...]

peter storrie thinks he's the best person to deal with transfers?