If Pompey go under

Which now seems a real possibility. Where does that leave everyone else?

All their results so far are wiped off. So from the top of my head West Ham are in big trouble and Pool have 4th more than wrapped up.

They better not take off the points clubs have got against them, we have 6 !!!

surely they cant/wont just remove them from the league utterly? erased as if they never existed!
Administration perhaps, which will see them get docked loads of points and become even more certain to go down...to set the executioner on them would be v v harsh!

They won't go under, or even go into administration until they are relegated. I don't know why that is the case but that seems to be the way it is.

as I understand it, if they go under today then everyone loses the points they got against them - which puts Liverpool in 3rd and Chelsea 5 points clear. Arsenal would drop to 5th

Wont happen, the league would lose all credebility, it would become like Serie A!

Absolute woeful times for Portsmouth, I do feel for them, you never know what kind of shit your team could get into.

Luis wrote:Wont happen, the league would lose all credebility, it would become like Serie A!

Absolute woeful times for Portsmouth, I do feel for them, you never know what kind of shit your team could get into.

What do you propose? Do you think the premier league should pay their debts? Do you think they shouldn't be punished until they get relegated and are another leagues problem?

In all honesty Kimbo I don't know a lot about it so I can't comment too much but the responsbility should lie with the Premier League. I reckon they'll be docked points rather than points taken off or added on to other teams though.

Luis wrote:In all honesty Kimbo I don't know a lot about it so I can't comment too much but the responsbility should lie with the Premier League. I reckon they'll be docked points rather than points taken off or added on to other teams though.

They will be docked points if they go into administration, like they should've already. If they go under though then they're done and won't play anymore this season. You can't add points to all teams, Pompey have played some teams twice, it wouldn't be fair.

So the League would only have 19 teams? Maybe Ireland could join!!...

In all seriousness though that would be quite unthinkable, I mean the team that would narrowly avoid the drop would be sent down or would it just be the bottom 2 who go down? The whole system would be a mess...there must be an alternative answer.

Luis wrote:So the League would only have 19 teams? Maybe Ireland could join!!...

In all seriousness though that would be quite unthinkable, I mean the team that would narrowly avoid the drop would be sent down or would it just be the bottom 2 who go down? The whole system would be a mess...there must be an alternative answer.

2 go down and 3 go up. The whole system is already a mess, clubs finances aren't regulated, and this business with Pompey is merely a sign of things to come. Look at your club, what would happen if you fail to make the CL? Say goodbye to Torres.

You think Torres would go in the summer if we missed out on the CL? Not a chance. Don't really see how that's relevant anyway to this topic. Our finances are in a mess as well though but not to the same extent and IMO we'll get proper investment in the next year.

Luis wrote:You think Torres would go in the summer if we missed out on the CL? Not a chance. Don't really see how that's relevant anyway to this topic. Our finances are in a mess as well though but not to the same extent and IMO we'll get proper investment in the next year.

Be realistic, we're always been told hat Rafa has no money to spend, he has to sell to buy etc. The CL is worth tens of millions to you, how are you going to replace that? Liverpool NEED the CL, it's essential to the clubs survival, you're dependant on it.

Liverpool may not get investment Lulu, you're in alot of debt, have a squad that needs an overhaul, and worst of all there is a new £400m stadium that they will need to find money for. I'm no expert but it seems to me a businessman needs that investment like he needs a hole in the head. Maybe there is a billionaire fan out there though, i don't know.

They should just ask Citeh for the cash, seeing as Liverpool would benefit from Pompey disappearing.

West Ham can't be far behind this level of debt either - I think this is the 'armageddon' that the new owners have spoken about should they be relegated this season. Last time they went down, they had a few lucky breaks in that they actually had some saleable assets and that Chelsea were newly minted and prepared to pay a little over the odds for relegated players.

If they go this season I don't know that they'll have the same types of players and I doubt Mancini will be arsed.

Time to change the whole structure of the league of course that would never happen.

The Santa Stalker wrote:They should just ask Citeh for the cash, seeing as Liverpool would benefit from Pompey disappearing.

West Ham can't be far behind this level of debt either - I think this is the 'armageddon' that the new owners have spoken about should they be relegated this season. Last time they went down, they had a few lucky breaks in that they actually had some saleable assets and that Chelsea were newly minted and prepared to pay a little over the odds for relegated players.

If they go this season I don't know that they'll have the same types of players and I doubt Mancini will be arsed.

To be fair if Smalling is £12m WHU should expect about £50m for Tomkins.

When you say lucky breaks TS...do you mean an academy? I know Tottenham don't have one but hey ho.

The debt isn't as bad as they say it is. As for assets...Upson, Green, Parker, Behrami, Cole, Tomkins, Collison, Diamanti etc...

It'd be horrible to sell them all...but it'd be more than enough.

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8634140.stm

They are FUCKED.

Well they won't be playing Premier league football again for 20 years or so. The FA cup final will likely be their swan song.

http://www.skysports.com/story/0,19528,11661_6107028,00.html

It's no wonder that Pompey are in a financial mess when they cant even draw up contracts properly! How they didn't see this consequence is beyond a joke, you think they would have been a bit more diligent.

Bergovic never signed a contract with us in the first place and went to Stoke. There was no clause in the contract that made the payment dependent on Spurs signing the player, Pompey just assumed he would go to WHL and added it to the Kaboul deal.

The full scale of Portsmouth's financial troubles was neatly summarised by the revelation that they owe Tottenham £1million for the sale of Asmir Begovic, despite the goalkeeper never having played for the club.

The club released financial details on Wednesday that revealed debts of around £119million, and included a list of creditors that ran to 15 pages.

However, the most bizarre detail of the report was the sum owed to Spurs. When Portsmouth sold Younes Kaboul to Tottenham in January, the club negotiated a double deal which included Begovic.

The Bosnian keeper refused to move to White Hart Lane, preferring a transfer to Stoke, but the £1million sell-on clause included in the deal remained.

The report also revealed the club owes in the region of £9million to agents, including just over £2million to Pini Zahavi, and a further £2million to a company called 'PECO AG'.

A total of £38million is owed to assorted owners, including Sacha Gayadamak and Sulaiman al Fahim.

A list of fees still owed for player transfers is also included in the report, which makes for startling reading.

The club still owe a further £3.5million to Spurs for Kevin Prince Boateng and Jamie O'Hara's loan fee, a little over £3.3million to Udinese for Sulley Muntari, a figure that includes interest payments of £250,000 for late installments, £2.5million to Rennes for John Utaka, a little over £1million to Chelsea for Glen Johnson, and just shy of £3million to Lens for Nadir Belhadj and Aruna Dindane.

Along with £1.5million for Mike Williamson (who never played for the club before being sold to Newcastle), Portsmouth still owe a total of £17.3million in transfer fees.

Players are listed among the creditors too. Most of the current squad, as well as Peter Crouch, Johnson and David Nugent, are owed a total of £1.6million in assorted bonuses, while £3.04million in image rights is due to Nugent, Muntari, Utaka, Lassana Diarra, Tal Ben Haim, Niko Krancjar, Lauren, and Sol Campbell.

--

Can someone explain that one to me

Some seriously dodgy-sounding stuff there. Owing money on players that they've already sold on at a profit. A succession of owners who've milked them for money & passed them on. Mysterious companies that don't exist. Image rights for Nugent. WTF were they thinking.

The Santa Stalker wrote:http://www.skysports.com/story/0,19528,11661_6107028,00.html

It's no wonder that Pompey are in a financial mess when they cant even draw up contracts properly! How they didn't see this consequence is beyond a joke, you think they would have been a bit more diligent.

Bergovic never signed a contract with us in the first place and went to Stoke. There was no clause in the contract that made the payment dependent on Spurs signing the player, Pompey just assumed he would go to WHL and added it to the Kaboul deal.

I just don't get what the clause is. Why would there be a clause which means Pompey have to pay Spurs money for a keeper which they owned?!

surely Tottenham can't/wont hold them to this

debaser wrote:Image rights for Nugent.

At the time Crouch wasn't at the club and Nugent was a 21 year old striker who'd just been capped in the previous 6 months, he was going to be given chances and if he proved to be a sucess as was expected at the time he'd quickly justify having such rights.

Aside from that image rights are another form of performance bonus so it's not that surprising he had them.

Dwarf wrote:

debaser wrote:Image rights for Nugent.

At the time Crouch wasn't at the club and Nugent was a 21 year old striker who'd just been capped in the previous 6 months, he was going to be given chances and if he proved to be a sucess as was expected at the time he'd quickly justify having such rights.

Aside from that image rights are another form of performance bonus so it's not that surprising he had them.

That was meant to be a little gag, rather than a serious point

debaser wrote:

Dwarf wrote:

debaser wrote:Image rights for Nugent.

At the time Crouch wasn't at the club and Nugent was a 21 year old striker who'd just been capped in the previous 6 months, he was going to be given chances and if he proved to be a sucess as was expected at the time he'd quickly justify having such rights.

Aside from that image rights are another form of performance bonus so it's not that surprising he had them.

That was meant to be a little gag, rather than a serious point

Spoiler:

Image Rights

Pompey have done a Pikey Laptop scam on us!