Football
Pompey announce huge losses
Portsmouth have recorded a loss of over £23m for the financial year ending 31st May 2007.
The club's wage bill increased to more than £30m as the playing staff at Fratton Park almost doubled.
The financial period covers the 2006-7 season, which saw Pompey secure their highest finish in the Premier League as they came ninth.
A Portsmouth spokesman said that the results were in line with the club's expectations.
The period covered saw Pompey sign 12 players as well as the change in ownership from Milan Mandaric to Sacha Gaydamak.
However, it does not cover the increased television revenue that kicked in this season.
The results again underlined Pompey's need to move from Fratton Park to a new stadium in order to boost attendances and their revenue streams.
9:26pm Wednesday 9th April 2008
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CommentPosted by: pugwash, southampton on 9:53pm Wed 9 Apr 08
LET'S HOPE MR GAYDAMAKS POCKETS RUN VERY DEEP,I WONDER WHAT THIS PAST TWELVE MONTHS IS GOING TO LOOK LIKE.FINANCIALLY UNSTUSTAINABLE FOR A CLUB WHICH PROBABLY HAS THE SMALLEST TURNOVER IN THE PREMIERSHIP,AND IF ARRY CAN'T SPEND HIS MILLIONS,HE'LL DISAPPEAR LIKE GREASED LIGHTENING.I THINK POMPEY MAY HAVE ALMOST PEAKED.
LET'S HOPE MR GAYDAMAKS POCKETS RUN VERY DEEP,I WONDER WHAT THIS PAST TWELVE MONTHS IS GOING TO LOOK LIKE.FINANCIALLY UNSTUSTAINABLE FOR A CLUB WHICH PROBABLY HAS THE SMALLEST TURNOVER IN THE PREMIERSHIP,AND IF ARRY CAN'T SPEND HIS MILLIONS,HE'LL DISAPPEAR LIKE GREASED LIGHTENING.I THINK POMPEY MAY HAVE ALMOST PEAKED.
Posted by: ian, pompey on 10:16pm Wed 9 Apr 08
yes we have a loss of 23 million this year but
are squad now is worth 100 million
diarra £15
defoe £10
muntari £12
kranjar £10
distin £5
johnson £8
etc etc
every player harrys brought has increased in value
compared to the squad when harry took over ..
yes we have a loss of 23 million this year but
are squad now is worth 100 million
diarra £15
defoe £10
muntari £12
kranjar £10
distin £5
johnson £8
etc etc
every player harrys brought has increased in value
compared to the squad when harry took over ..
Posted by: Alki Stud, Plymouth on 10:32pm Wed 9 Apr 08
[quote][bold]ian[/bold] wrote:
yes we have a loss of 23 million this year but are squad now is worth 100 million diarra £15 defoe £10 muntari £12 kranjar £10 distin £5 johnson £8 etc etc every player harrys brought has increased in value compared to the squad when harry took over ..[/quote] 100 million???
well of what you added up.. £60.. i could buy 2 Saint shirts for that. much better use of money ;)
ian wrote:
yes we have a loss of 23 million this year but are squad now is worth 100 million diarra £15 defoe £10 muntari £12 kranjar £10 distin £5 johnson £8 etc etc every player harrys brought has increased in value compared to the squad when harry took over ..
100 million???
well of what you added up.. £60.. i could buy 2 Saint shirts for that. much better use of money ;)
Posted by: Lawence, Pompey on 10:34pm Wed 9 Apr 08
I'm not concerned. I think this financial year we'd have recouped some of that back, and maybe even more if we win the FA cup and make it into Europe. I'd only be concerned if we were fighting relegation in the Prem and dropped out of the top flight.
I'm not concerned. I think this financial year we'd have recouped some of that back, and maybe even more if we win the FA cup and make it into Europe. I'd only be concerned if we were fighting relegation in the Prem and dropped out of the top flight.
Posted by: Sailor Sam on 10:34pm Wed 9 Apr 08
[quote][bold]ian[/bold] wrote:
yes we have a loss of 23 million this year but
are squad now is worth 100 million
diarra £15
defoe £10
muntari £12
kranjar £10
distin £5
johnson £8
etc etc
every player harrys brought has increased in value
compared to the squad when harry took over ..[/quote] Diarra? £15m? So he's trebled in value in less than 2 months?
Have a word.
With the possible exception of Defoe, none of those players would fetch that amount.
The thing is, the club is making a loss of £23m despite the huge income from the Sky deal. A lot of Pompey fans seem to think Gaydamak is happy to take this hit in his own pocket. As if. The debt is the club's and will be long after Gaydamak has sold his stake in the club to run this Pizza franchise with Roberto Avondo in the US and Israel.
ian wrote:
yes we have a loss of 23 million this year but
are squad now is worth 100 million
diarra £15
defoe £10
muntari £12
kranjar £10
distin £5
johnson £8
etc etc
every player harrys brought has increased in value
compared to the squad when harry took over ..
Diarra? £15m? So he's trebled in value in less than 2 months?
Have a word.
With the possible exception of Defoe, none of those players would fetch that amount.
The thing is, the club is making a loss of £23m despite the huge income from the Sky deal. A lot of Pompey fans seem to think Gaydamak is happy to take this hit in his own pocket. As if. The debt is the club's and will be long after Gaydamak has sold his stake in the club to run this Pizza franchise with Roberto Avondo in the US and Israel.
Posted by: Don't Panic Mr.Mannering! on 10:38pm Wed 9 Apr 08
with Karren Brady and David Sullivan being arrested tonight could all go t.ts up me thinks
with Karren Brady and David Sullivan being arrested tonight could all go t.ts up me thinks
Posted by: Ralph on 10:42pm Wed 9 Apr 08
Let's face it, £23m is small beer in the giant swill of the Premier League.
But keep hoping scummers, keep hoping.
How's that finance issue going at SMS?
Let's face it, £23m is small beer in the giant swill of the Premier League.
But keep hoping scummers, keep hoping.
How's that finance issue going at SMS?
Posted by: Ralph on 10:44pm Wed 9 Apr 08
Ha ha,[bold] it clearly hurts a great deal to see Pompey flying high[/bold] in the Premier League, Champions of Asia, FA Cup finalists (ooh weren't you in one once, chortle)
Ha ha,
it clearly hurts a great deal to see Pompey flying high in the Premier League, Champions of Asia, FA Cup finalists (ooh weren't you in one once, chortle)
Posted by: sailor sam on 10:48pm Wed 9 Apr 08
[quote][bold]Ralph[/bold] wrote:
Let's face it, £23m is small beer in the giant swill of the Premier League.
But keep hoping scummers, keep hoping.
How's that finance issue going at SMS?[/quote] Erm, £23m loss on an income of £30m a season.
Maths and finance aren't your strong point, are they?
Ralph wrote:
Let's face it, £23m is small beer in the giant swill of the Premier League.
But keep hoping scummers, keep hoping.
How's that finance issue going at SMS?
Erm, £23m loss on an income of £30m a season.
Maths and finance aren't your strong point, are they?
Posted by: True Blue, Portsmouth on 10:49pm Wed 9 Apr 08
Its funny how a site called 'this is hampshire.net' never covers the only premiership side in Hampshire, isn't it? I agree with Ralph - it only ever reports bad news stories about Pompey! Why is that? Simply Jealousy!
Its funny how a site called 'this is hampshire.net' never covers the only premiership side in Hampshire, isn't it? I agree with Ralph - it only ever reports bad news stories about Pompey! Why is that? Simply Jealousy!
Posted by: Saint in Southsea, Wimbledon Park Road, Southsea on 10:51pm Wed 9 Apr 08
[quote][bold]Ralph[/bold] wrote:
This newspaper only seems to print negative Pompey stories, now why is that?
I will think of your desperate plight Southampton fans today as I wipe my arse on this wonderful read.[/quote] I've never seen it print Pompey stories, although I think having one of the biggest ever yearly loses by a football club happen just 20 miles down the road is as newsworthy as you're going to get.
I see The News has just ignored the situation?
Like PFC fans all over - head in the sand.
Ralph wrote:
This newspaper only seems to print negative Pompey stories, now why is that?
I will think of your desperate plight Southampton fans today as I wipe my arse on this wonderful read.
I've never seen it print Pompey stories, although I think having one of the biggest ever yearly loses by a football club happen just 20 miles down the road is as newsworthy as you're going to get.
I see The News has just ignored the situation?
Like PFC fans all over - head in the sand.
Posted by: Saint Ash on 10:51pm Wed 9 Apr 08
A £23,000,000 loss!
So what will the losses be once they've started paying for a new stadium(£60,000,000)
training comples(£7,000,000)
And this loss coveres 2006-2007 season, so doesn't include this years singing's/wages/brib
es/back handers!
And the smellies had the nerve to slate us over money, we make a loss because we hav'nt got any, they make a loss with £30,000,000 Sky money.... go figure that one out!
A £23,000,000 loss!
So what will the losses be once they've started paying for a new stadium(£60,000,000)
training comples(£7,000,000)
And this loss coveres 2006-2007 season, so doesn't include this years singing's/wages/brib
es/back handers!
And the smellies had the nerve to slate us over money, we make a loss because we hav'nt got any, they make a loss with £30,000,000 Sky money.... go figure that one out!
Posted by: PJR on 10:55pm Wed 9 Apr 08
[quote][bold]Ralph[/bold] wrote:
Ha ha,[bold] it clearly hurts a great deal to see Pompey flying high[/bold] in the Premier League, Champions of Asia, FA Cup finalists (ooh weren't you in one once, chortle)[/quote] Champions of Asia.....that made me laugh. A 4 team pre season tournament. How amusing.
Ralph wrote:
Ha ha, it clearly hurts a great deal to see Pompey flying high in the Premier League, Champions of Asia, FA Cup finalists (ooh weren't you in one once, chortle)
Champions of Asia.....that made me laugh. A 4 team pre season tournament. How amusing.
Posted by: True Blue, Portsmouth on 11:01pm Wed 9 Apr 08
PJR - why does that make you laugh - you don't think Liverpool wanted to lose that final to us do you? With all their fans watching? Of course not, but we still won! Your only achievement this season MIGHT just be staying in the championship! Oh well, thems the breaks!
PJR - why does that make you laugh - you don't think Liverpool wanted to lose that final to us do you? With all their fans watching? Of course not, but we still won! Your only achievement this season MIGHT just be staying in the championship! Oh well, thems the breaks!
Posted by: old bill on 11:10pm Wed 9 Apr 08
[bold]Karren Brady is going to spell the Spill the beans she is to good looking to go down [/bold]
Karren Brady is going to spell the Spill the beans she is to good looking to go down Posted by: deej, ftown on 11:23pm Wed 9 Apr 08
[quote][bold]Alki Stud[/bold] wrote:
[quote][bold]ian[/bold] wrote:
yes we have a loss of 23 million this year but are squad now is worth 100 million diarra £15 defoe £10 muntari £12 kranjar £10 distin £5 johnson £8 etc etc every player harrys brought has increased in value compared to the squad when harry took over ..[/quote] 100 million???
well of what you added up.. £60.. i could buy 2 Saint shirts for that. much better use of money ;)[/quote] L O L
Alki Stud wrote:
ian wrote:
yes we have a loss of 23 million this year but are squad now is worth 100 million diarra £15 defoe £10 muntari £12 kranjar £10 distin £5 johnson £8 etc etc every player harrys brought has increased in value compared to the squad when harry took over ..
100 million???
well of what you added up.. £60.. i could buy 2 Saint shirts for that. much better use of money ;)
L O L
Posted by: Ralph on 11:29pm Wed 9 Apr 08
Lot more than £30M income from the Premiership yearly now sailor, times have changed since 'your day' HO HOHOHOHO
Lot more than £30M income from the Premiership yearly now sailor, times have changed since 'your day' HO HOHOHOHO
Posted by: dave, millbrook on 8:59am Thu 10 Apr 08
SAD SKATES STILL OBSSESSED WITH EVERYTHING SFC.THEY ALWAYS HAVE TO HAVE A LOOK AT WHAT WE ARE THINKING/TALKING ABOUT OR DOING AS THEY RIGHTFULLY SO HAVE AN INFERIORITY COMPLEX AS THEY ARE ONLY A TINY LITTLE CLUB!
SAD SKATES STILL OBSSESSED WITH EVERYTHING SFC.THEY ALWAYS HAVE TO HAVE A LOOK AT WHAT WE ARE THINKING/TALKING ABOUT OR DOING AS THEY RIGHTFULLY SO HAVE AN INFERIORITY COMPLEX AS THEY ARE ONLY A TINY LITTLE CLUB!
Posted by: bloke from portswood, portswood on 9:15am Thu 10 Apr 08
pompey = leeds , ah bless , see you soon skates !!!!! haa haa haa
pompey = leeds , ah bless , see you soon skates !!!!! haa haa haa
Posted by: Pooky, People's Republic of Pompey on 9:33am Thu 10 Apr 08
Sad scummers. £23m loss is in line with what is expected. For a start there is a significantly higher income than £30m+ just from Sky - take into account merchandise, gate recpeits (home and away) additional TV revenue from pay-per-view and rescheduled games and FA Cup run, player sales and sponsorship deals.
Our players have apprciated in value with almost every player in the first team able to comand more then we paid, particularly Diarra who won't be allowed to leave for less than £10m.
Pompey clearly have much more business acumen than days of old, we have balanced the books when needed as was evident in January when we sold Benjani to get Defoe (a great piece of business) and have signed countless players of free transfers Campbell, Distin, Hreidarsson.
To be able to turn a club surviving in the Prem to one challenging for honours takes a huge initial outlay and I expect we will contonue to loose money over the next few seasons. But Sascha is not stupid, don't you think all he has and is doing at the club will see its re-sale value soar when he comes to sell?
Times are changing at Fratton Park, maybe you sad mugs should take a look at how to build a decent football club and stop pretending that you are a big club. You're not even close.
Sad scummers. £23m loss is in line with what is expected. For a start there is a significantly higher income than £30m+ just from Sky - take into account merchandise, gate recpeits (home and away) additional TV revenue from pay-per-view and rescheduled games and FA Cup run, player sales and sponsorship deals.
Our players have apprciated in value with almost every player in the first team able to comand more then we paid, particularly Diarra who won't be allowed to leave for less than £10m.
Pompey clearly have much more business acumen than days of old, we have balanced the books when needed as was evident in January when we sold Benjani to get Defoe (a great piece of business) and have signed countless players of free transfers Campbell, Distin, Hreidarsson.
To be able to turn a club surviving in the Prem to one challenging for honours takes a huge initial outlay and I expect we will contonue to loose money over the next few seasons. But Sascha is not stupid, don't you think all he has and is doing at the club will see its re-sale value soar when he comes to sell?
Times are changing at Fratton Park, maybe you sad mugs should take a look at how to build a decent football club and stop pretending that you are a big club. You're not even close.
Posted by: D Boyle on 9:48am Thu 10 Apr 08
The fall over the next few years for Pompey is going to be spectacular , forget Leeds , Forest ,Coventry ,and any minute Wigan , Bolton and Fulham , the money owed is mind blowing , Gaymark has only put in 2 Mill , and borrowed the rest !
The fall over the next few years for Pompey is going to be spectacular , forget Leeds , Forest ,Coventry ,and any minute Wigan , Bolton and Fulham , the money owed is mind blowing , Gaymark has only put in 2 Mill , and borrowed the rest !
Posted by: Derry, west hampshire on 9:53am Thu 10 Apr 08
Owe £56 million at the moment, never mind the loss.
Owe £56 million at the moment, never mind the loss.
Posted by: Pooky, People's Republic of Pompey on 10:03am Thu 10 Apr 08
D Boyle, vast borrowing happens at every football club look at Man Utd and Liverpool. They are constantly re-financing loans and the Glazers saddled Utd with close to £900m worth of debt just to buy the club. These people are not stupid, they know the risks but they also know the gains, look at the losses all the big 4 clubs make every year, Abramovich's pockets are deep but that's not the case with Liverpool and Utd.
They all employ similar strategies to Pompey ensuring that there is significant asset and capital appreciation so they have a desireable business. Among other things that means they have to buy good players and be successful, which cost money.
The problems encountered by Leeds, Forest etc. were all because of bad management, buying players for vast sums and often loosing money when it came to re-sale and no back up plan.
It's encouraging that Pompey can be outright with the news with it expected to happen, which shows foresight and not of a club that does not know what its doing.
"Scummers going down, scummers going down, super Pompey staying up, and we'll win the FA Cup!!"
D Boyle, vast borrowing happens at every football club look at Man Utd and Liverpool. They are constantly re-financing loans and the Glazers saddled Utd with close to £900m worth of debt just to buy the club. These people are not stupid, they know the risks but they also know the gains, look at the losses all the big 4 clubs make every year, Abramovich's pockets are deep but that's not the case with Liverpool and Utd.
They all employ similar strategies to Pompey ensuring that there is significant asset and capital appreciation so they have a desireable business. Among other things that means they have to buy good players and be successful, which cost money.
The problems encountered by Leeds, Forest etc. were all because of bad management, buying players for vast sums and often loosing money when it came to re-sale and no back up plan.
It's encouraging that Pompey can be outright with the news with it expected to happen, which shows foresight and not of a club that does not know what its doing.
"Scummers going down, scummers going down, super Pompey staying up, and we'll win the FA Cup!!"
Posted by: realist on 10:11am Thu 10 Apr 08
[quote][bold]Lawence[/bold] wrote:
I'm not concerned. I think this financial year we'd have recouped some of that back, and maybe even more if we win the FA cup and make it into Europe. I'd only be concerned if we were fighting relegation in the Prem and dropped out of the top flight. [/quote] yeah, well, wait 'til next season when we pass you on the way up then......
Lawence wrote:
I'm not concerned. I think this financial year we'd have recouped some of that back, and maybe even more if we win the FA cup and make it into Europe. I'd only be concerned if we were fighting relegation in the Prem and dropped out of the top flight.
yeah, well, wait 'til next season when we pass you on the way up then......
Posted by: mad mick on 10:40am Thu 10 Apr 08
if the pigs have been to birmingham and nicked Brady and Sullivan, it must be only a matter of time before 'orrible 'Arry gets banged up. Oh please m ake it before the Cup final. What a lovely end to the season that would be. Come on Cardiff
if the pigs have been to birmingham and nicked Brady and Sullivan, it must be only a matter of time before 'orrible 'Arry gets banged up. Oh please m ake it before the Cup final. What a lovely end to the season that would be. Come on Cardiff
Posted by: gorf, soton on 10:41am Thu 10 Apr 08
they are going to make a lot of money back from the FA CUP tho!
they are going to make a lot of money back from the FA CUP tho!
Posted by: D, Southampton on 10:44am Thu 10 Apr 08
[quote][bold]Pooky[/bold] wrote:
D Boyle, vast borrowing happens at every football club look at Man Utd and Liverpool. They are constantly re-financing loans and the Glazers saddled Utd with close to £900m worth of debt just to buy the club. These people are not stupid, they know the risks but they also know the gains, look at the losses all the big 4 clubs make every year, Abramovich's pockets are deep but that's not the case with Liverpool and Utd. They all employ similar strategies to Pompey ensuring that there is significant asset and capital appreciation so they have a desireable business. Among other things that means they have to buy good players and be successful, which cost money. The problems encountered by Leeds, Forest etc. were all because of bad management, buying players for vast sums and often loosing money when it came to re-sale and no back up plan. It's encouraging that Pompey can be outright with the news with it expected to happen, which shows foresight and not of a club that does not know what its doing. "Scummers going down, scummers going down, super Pompey staying up, and we'll win the FA Cup!!"[/quote] I'll think you'll find that Man. Utd, Liverpool and Arsenal actually all make a profit year on year - that's how you run a sustainable business.
Portsmouth are actually following a similar strategy to Chelsea, though with a lot less cash to throw around. That said, it's proved successful so far. The worry is that you do in fact "do a Leeds", which is possible. A couple of bad buys, the owner throwing a tantrum, a bad season. These things can happen to virtually any club so i'd be careful not to boast too much but enjoy it while it lasts.
Lastly, Portsmouth had no choice but to release the news of the loss as they are a company that has to file annual accounts which are available to the public. Saying that you expected the loss doesn't mean anything.
As much as you seem to hate my club I couldn't care less about yours, so i'll leave the petty insults to those with less intelligence to spare.
Pooky wrote:
D Boyle, vast borrowing happens at every football club look at Man Utd and Liverpool. They are constantly re-financing loans and the Glazers saddled Utd with close to £900m worth of debt just to buy the club. These people are not stupid, they know the risks but they also know the gains, look at the losses all the big 4 clubs make every year, Abramovich's pockets are deep but that's not the case with Liverpool and Utd. They all employ similar strategies to Pompey ensuring that there is significant asset and capital appreciation so they have a desireable business. Among other things that means they have to buy good players and be successful, which cost money. The problems encountered by Leeds, Forest etc. were all because of bad management, buying players for vast sums and often loosing money when it came to re-sale and no back up plan. It's encouraging that Pompey can be outright with the news with it expected to happen, which shows foresight and not of a club that does not know what its doing. "Scummers going down, scummers going down, super Pompey staying up, and we'll win the FA Cup!!"
I'll think you'll find that Man. Utd, Liverpool and Arsenal actually all make a profit year on year - that's how you run a sustainable business.
Portsmouth are actually following a similar strategy to Chelsea, though with a lot less cash to throw around. That said, it's proved successful so far. The worry is that you do in fact "do a Leeds", which is possible. A couple of bad buys, the owner throwing a tantrum, a bad season. These things can happen to virtually any club so i'd be careful not to boast too much but enjoy it while it lasts.
Lastly, Portsmouth had no choice but to release the news of the loss as they are a company that has to file annual accounts which are available to the public. Saying that you expected the loss doesn't mean anything.
As much as you seem to hate my club I couldn't care less about yours, so i'll leave the petty insults to those with less intelligence to spare.
Posted by: Potatohead, Somewhere in the South on 10:54am Thu 10 Apr 08
If I'm honest, I'd say that people proclaim my head to be shaped like that of your typical British potato. Bearing this in mind, I'd suggest I'm the right guy to make a comment on Portsmouth's use of cash..
I personally feel it'd have been better spent improving the standard of housing in the city. The £23million deficit could have gone a long way, since just £5 per household would at least triple the living standards of many residents.
Also Fratton Park could have had some pretty good toilets installed for that much.
Nuff said.
If I'm honest, I'd say that people proclaim my head to be shaped like that of your typical British potato. Bearing this in mind, I'd suggest I'm the right guy to make a comment on Portsmouth's use of cash..
I personally feel it'd have been better spent improving the standard of housing in the city. The £23million deficit could have gone a long way, since just £5 per household would at least triple the living standards of many residents.
Also Fratton Park could have had some pretty good toilets installed for that much.
Nuff said.
Posted by: Northam joe, Gods Country Southampton on 12:06pm Thu 10 Apr 08
Does anyone in red'n white give a toss on the pfc loss
Does anyone in red'n white give a toss on the pfc loss
Posted by: sailor sam, portsmouth on 12:37pm Thu 10 Apr 08
Well Done Daily Echo!
On these pages there is rarely a mention of happenings at
THE ONLY CURRENT PREMIER LEAGUE CLUB ON THE SOUTH COAST AND FINALISTS IN THE FA CUP
but when there is preceived to be some Bad News, there it is in Banner Headlines!
I suppose it is done to cheer up the Stains fans who have nothing but doom and gloom stories to read regarding their ailing club.
10 April 2008!
Make a note in your diaries, and check the state of Pompey in a year's time!
I predict that we will still be 'Onward and Upwards', while our poor cousins to the West are still 'out with their begging bowls', trying to find some new investment!
Well Done Daily Echo!
On these pages there is rarely a mention of happenings at
THE ONLY CURRENT PREMIER LEAGUE CLUB ON THE SOUTH COAST AND FINALISTS IN THE FA CUP
but when there is preceived to be some Bad News, there it is in Banner Headlines!
I suppose it is done to cheer up the Stains fans who have nothing but doom and gloom stories to read regarding their ailing club.
10 April 2008!
Make a note in your diaries, and check the state of Pompey in a year's time!
I predict that we will still be 'Onward and Upwards', while our poor cousins to the West are still 'out with their begging bowls', trying to find some new investment!
Posted by: BigChris, Southampton on 12:42pm Thu 10 Apr 08
[quote][bold]D[/bold] wrote:
[quote][bold]Pooky[/bold] wrote: D Boyle, vast borrowing happens at every football club look at Man Utd and Liverpool. They are constantly re-financing loans and the Glazers saddled Utd with close to £900m worth of debt just to buy the club. These people are not stupid, they know the risks but they also know the gains, look at the losses all the big 4 clubs make every year, Abramovich's pockets are deep but that's not the case with Liverpool and Utd. They all employ similar strategies to Pompey ensuring that there is significant asset and capital appreciation so they have a desireable business. Among other things that means they have to buy good players and be successful, which cost money. The problems encountered by Leeds, Forest etc. were all because of bad management, buying players for vast sums and often loosing money when it came to re-sale and no back up plan. It's encouraging that Pompey can be outright with the news with it expected to happen, which shows foresight and not of a club that does not know what its doing. "Scummers going down, scummers going down, super Pompey staying up, and we'll win the FA Cup!!"[/quote] I'll think you'll find that Man. Utd, Liverpool and Arsenal actually all make a profit year on year - that's how you run a sustainable business. Portsmouth are actually following a similar strategy to Chelsea, though with a lot less cash to throw around. That said, it's proved successful so far. The worry is that you do in fact "do a Leeds", which is possible. A couple of bad buys, the owner throwing a tantrum, a bad season. These things can happen to virtually any club so i'd be careful not to boast too much but enjoy it while it lasts. Lastly, Portsmouth had no choice but to release the news of the loss as they are a company that has to file annual accounts which are available to the public. Saying that you expected the loss doesn't mean anything. As much as you seem to hate my club I couldn't care less about yours, so i'll leave the petty insults to those with less intelligence to spare.[/quote] Very well said D.
D wrote:
Pooky wrote: D Boyle, vast borrowing happens at every football club look at Man Utd and Liverpool. They are constantly re-financing loans and the Glazers saddled Utd with close to £900m worth of debt just to buy the club. These people are not stupid, they know the risks but they also know the gains, look at the losses all the big 4 clubs make every year, Abramovich's pockets are deep but that's not the case with Liverpool and Utd. They all employ similar strategies to Pompey ensuring that there is significant asset and capital appreciation so they have a desireable business. Among other things that means they have to buy good players and be successful, which cost money. The problems encountered by Leeds, Forest etc. were all because of bad management, buying players for vast sums and often loosing money when it came to re-sale and no back up plan. It's encouraging that Pompey can be outright with the news with it expected to happen, which shows foresight and not of a club that does not know what its doing. "Scummers going down, scummers going down, super Pompey staying up, and we'll win the FA Cup!!"
I'll think you'll find that Man. Utd, Liverpool and Arsenal actually all make a profit year on year - that's how you run a sustainable business. Portsmouth are actually following a similar strategy to Chelsea, though with a lot less cash to throw around. That said, it's proved successful so far. The worry is that you do in fact "do a Leeds", which is possible. A couple of bad buys, the owner throwing a tantrum, a bad season. These things can happen to virtually any club so i'd be careful not to boast too much but enjoy it while it lasts. Lastly, Portsmouth had no choice but to release the news of the loss as they are a company that has to file annual accounts which are available to the public. Saying that you expected the loss doesn't mean anything. As much as you seem to hate my club I couldn't care less about yours, so i'll leave the petty insults to those with less intelligence to spare.
Very well said D.
Posted by: Armourments-R-us, sales reps worldwide on 2:03pm Thu 10 Apr 08
It's easy to lose £23m in a washing machine - the notes get soggy and go through the holes in the drum.
It's easy to lose £23m in a washing machine - the notes get soggy and go through the holes in the drum.
Posted by: Skate Attack 4 x 4, omega plus pro-biobotic juice's flow like my ears on 3:18pm Thu 10 Apr 08
Wasnt 'arry' "the best english manager always keeps a club up" redcarp being interviewed by the police for the 10th time about corruption in football?
How he gets away with it is beyond me. I hope he gets found out for what he is and the media stop loving him.
Wasnt 'arry' "the best english manager always keeps a club up" redcarp being interviewed by the police for the 10th time about corruption in football?
How he gets away with it is beyond me. I hope he gets found out for what he is and the media stop loving him.
Posted by: saint al, hants on 4:24pm Thu 10 Apr 08
[quote][bold]True Blue[/bold] wrote:
Its funny how a site called 'this is hampshire.net' never covers the only premiership side in Hampshire, isn't it? I agree with Ralph - it only ever reports bad news stories about Pompey! Why is that? Simply Jealousy!
[/quote] wind ya neck in pal ...........oh we are so upset
True Blue wrote:
Its funny how a site called 'this is hampshire.net' never covers the only premiership side in Hampshire, isn't it? I agree with Ralph - it only ever reports bad news stories about Pompey! Why is that? Simply Jealousy!
wind ya neck in pal ...........oh we are so upset
Posted by: sailor sam, portsmouth on 4:33pm Thu 10 Apr 08
The losses occured during the time in which Milan Mandaric sold to Gaydamak!
When I bought my house, I had to spend a lot of money in the first year, to make improvements and make alterations! I imagine it would be the same when you buy a business, and buying a football club is buying a business!
The expression, 'You have to speculate to accumulate' springs to mind, and with Gaydamak's youth, he has plenty of time to accumulate plenty!
Maybe, if SFC had speculated with some of the money that they have received from the sale of players, they would be enjoying success similar to Pompey's, instead of facing the threat of relegation AGAIN!
The losses occured during the time in which Milan Mandaric sold to Gaydamak!
When I bought my house, I had to spend a lot of money in the first year, to make improvements and make alterations! I imagine it would be the same when you buy a business, and buying a football club is buying a business!
The expression, 'You have to speculate to accumulate' springs to mind, and with Gaydamak's youth, he has plenty of time to accumulate plenty!
Maybe, if SFC had speculated with some of the money that they have received from the sale of players, they would be enjoying success similar to Pompey's, instead of facing the threat of relegation AGAIN!
Posted by: Denzil, Chilworth on 4:33pm Thu 10 Apr 08
Dirty corrupt skates. Even the year we went down we beat them twice. Their village is full of council houses and cardboard boxes with 12 year olds in tracksuits jacking up everywhere. Your dockyard is full of ruined old boats and all the women have bad breath and rubbish haircuts. I would rather die than live in Pompey.
Dirty corrupt skates. Even the year we went down we beat them twice. Their village is full of council houses and cardboard boxes with 12 year olds in tracksuits jacking up everywhere. Your dockyard is full of ruined old boats and all the women have bad breath and rubbish haircuts. I would rather die than live in Pompey.
Posted by: saint al, hants on 4:35pm Thu 10 Apr 08
[quote][bold]Pooky[/bold] wrote:
Sad scummers. £23m loss is in line with what is expected. For a start there is a significantly higher income than £30m+ just from Sky - take into account merchandise, gate recpeits (home and away) additional TV revenue from pay-per-view and rescheduled games and FA Cup run, player sales and sponsorship deals.
Our players have apprciated in value with almost every player in the first team able to comand more then we paid, particularly Diarra who won't be allowed to leave for less than £10m.
Pompey clearly have much more business acumen than days of old, we have balanced the books when needed as was evident in January when we sold Benjani to get Defoe (a great piece of business) and have signed countless players of free transfers Campbell, Distin, Hreidarsson.
To be able to turn a club surviving in the Prem to one challenging for honours takes a huge initial outlay and I expect we will contonue to loose money over the next few seasons. But Sascha is not stupid, don't you think all he has and is doing at the club will see its re-sale value soar when he comes to sell?
Times are changing at Fratton Park, maybe you sad mugs should take a look at how to build a decent football club and stop pretending that you are a big club. You're not even close.[/quote] he he he whos sad now ....... why is it that a week before ya semi all you got at a home game that week was 18,000 talk about the club in dept
you fans must be oryou all been saving for 50 years to go to wembly ..........
Pooky wrote:
Sad scummers. £23m loss is in line with what is expected. For a start there is a significantly higher income than £30m+ just from Sky - take into account merchandise, gate recpeits (home and away) additional TV revenue from pay-per-view and rescheduled games and FA Cup run, player sales and sponsorship deals.
Our players have apprciated in value with almost every player in the first team able to comand more then we paid, particularly Diarra who won't be allowed to leave for less than £10m.
Pompey clearly have much more business acumen than days of old, we have balanced the books when needed as was evident in January when we sold Benjani to get Defoe (a great piece of business) and have signed countless players of free transfers Campbell, Distin, Hreidarsson.
To be able to turn a club surviving in the Prem to one challenging for honours takes a huge initial outlay and I expect we will contonue to loose money over the next few seasons. But Sascha is not stupid, don't you think all he has and is doing at the club will see its re-sale value soar when he comes to sell?
Times are changing at Fratton Park, maybe you sad mugs should take a look at how to build a decent football club and stop pretending that you are a big club. You're not even close.
he he he whos sad now ....... why is it that a week before ya semi all you got at a home game that week was 18,000 talk about the club in dept
you fans must be oryou all been saving for 50 years to go to wembly ..........
Posted by: sailor sam, portsmouth on 4:39pm Thu 10 Apr 08
I like turtles.
Posted by: WE8 POMPEY, england on 4:45pm Thu 10 Apr 08
[quote][bold]ian[/bold] wrote:
yes we have a loss of 23 million this year but are squad now is worth 100 million diarra £15 defoe £10 muntari £12 kranjar £10 distin £5 johnson £8 etc etc every player harrys brought has increased in value compared to the squad when harry took over ..[/quote] i hope ure sik in the head manager! gets ure skate crap were they belonge in league 1 come on the sheep shaggers![
ian wrote:
yes we have a loss of 23 million this year but are squad now is worth 100 million diarra £15 defoe £10 muntari £12 kranjar £10 distin £5 johnson £8 etc etc every player harrys brought has increased in value compared to the squad when harry took over ..
i hope ure sik in the head manager! gets ure skate crap were they belonge in league 1 come on the sheep shaggers![
Posted by: saintsfan, Basingstoke on 5:31pm Thu 10 Apr 08
Their loss is not uncommon for a club in there position after buying in so much talent, it’s a shame they don’t have an academy to speak of yet, lets see what happens in the summer when all the dirt comes out, I guess Portsmouth will be a little red faced and selling players to stay alive. After all we know what Harry has been up to, he took us for a ride along with a few other clubs on his way to Portsmouth and now he will get caught, your past will always come back to haunt you!!!.
Their loss is not uncommon for a club in there position after buying in so much talent, it’s a shame they don’t have an academy to speak of yet, lets see what happens in the summer when all the dirt comes out, I guess Portsmouth will be a little red faced and selling players to stay alive. After all we know what Harry has been up to, he took us for a ride along with a few other clubs on his way to Portsmouth and now he will get caught, your past will always come back to haunt you!!!.
Posted by: Saint Dave, Soton on 6:29pm Thu 10 Apr 08
Great news.This level of debt of is unsustainable so hopefully going in2 admin is just round the corner.Send these dopey skates back where they belong.**** on Cardiff.
Great news.This level of debt of is unsustainable so hopefully going in2 admin is just round the corner.Send these dopey skates back where they belong.**** on Cardiff.
Posted by: Hedge End Saint, Hedge End on 7:12pm Thu 10 Apr 08
[quote][bold]saint al[/bold] wrote:
[quote][bold]Pooky[/bold] wrote: Sad scummers. £23m loss is in line with what is expected. For a start there is a significantly higher income than £30m+ just from Sky - take into account merchandise, gate recpeits (home and away) additional TV revenue from pay-per-view and rescheduled games and FA Cup run, player sales and sponsorship deals. Our players have apprciated in value with almost every player in the first team able to comand more then we paid, particularly Diarra who won't be allowed to leave for less than £10m. Pompey clearly have much more business acumen than days of old, we have balanced the books when needed as was evident in January when we sold Benjani to get Defoe (a great piece of business) and have signed countless players of free transfers Campbell, Distin, Hreidarsson. To be able to turn a club surviving in the Prem to one challenging for honours takes a huge initial outlay and I expect we will contonue to loose money over the next few seasons. But Sascha is not stupid, don't you think all he has and is doing at the club will see its re-sale value soar when he comes to sell? Times are changing at Fratton Park, maybe you sad mugs should take a look at how to build a decent football club and stop pretending that you are a big club. You're not even close.[/quote] he he he whos sad now ....... why is it that a week before ya semi all you got at a home game that week was 18,000 talk about the club in dept you fans must be oryou all been saving for 50 years to go to wembly ..........[/quote] Good luck to them I say, we need to worry about ourselves not them, but one thing at the end of Pooky's comment says it all 'times are changing at Fratton Park.
If you do not get a new stadium soon, I think times will change because no sugar daddy will keep putting money in unless you can up your income via gate receipts and corporate facilities.
But all the best anyway
saint al wrote:
Pooky wrote: Sad scummers. £23m loss is in line with what is expected. For a start there is a significantly higher income than £30m+ just from Sky - take into account merchandise, gate recpeits (home and away) additional TV revenue from pay-per-view and rescheduled games and FA Cup run, player sales and sponsorship deals. Our players have apprciated in value with almost every player in the first team able to comand more then we paid, particularly Diarra who won't be allowed to leave for less than £10m. Pompey clearly have much more business acumen than days of old, we have balanced the books when needed as was evident in January when we sold Benjani to get Defoe (a great piece of business) and have signed countless players of free transfers Campbell, Distin, Hreidarsson. To be able to turn a club surviving in the Prem to one challenging for honours takes a huge initial outlay and I expect we will contonue to loose money over the next few seasons. But Sascha is not stupid, don't you think all he has and is doing at the club will see its re-sale value soar when he comes to sell? Times are changing at Fratton Park, maybe you sad mugs should take a look at how to build a decent football club and stop pretending that you are a big club. You're not even close.
he he he whos sad now ....... why is it that a week before ya semi all you got at a home game that week was 18,000 talk about the club in dept you fans must be oryou all been saving for 50 years to go to wembly ..........
Good luck to them I say, we need to worry about ourselves not them, but one thing at the end of Pooky's comment says it all 'times are changing at Fratton Park.
If you do not get a new stadium soon, I think times will change because no sugar daddy will keep putting money in unless you can up your income via gate receipts and corporate facilities.
But all the best anyway
Posted by: constance tench, from the p*mpey bench on 8:27pm Thu 10 Apr 08
portsmuff lost £23m ?? does anybody know the whereabouts of bradley and nathan when this money went missing? hmm.........
portsmuff lost £23m ?? does anybody know the whereabouts of bradley and nathan when this money went missing? hmm.........
Posted by: james on 11:22pm Thu 10 Apr 08
[quote][bold]Denzil[/bold] wrote:
Dirty corrupt skates. Even the year we went down we beat them twice. Their village is full of council houses and cardboard boxes with 12 year olds in tracksuits jacking up everywhere. Your dockyard is full of ruined old boats and all the women have bad breath and rubbish haircuts. I would rather die than live in Pompey.
[/quote] You complete child. It must really pain you lot to be in such a mess and waking up each day to the stark reality you could be 2 divisions below us in several weeks time
Denzil wrote:
Dirty corrupt skates. Even the year we went down we beat them twice. Their village is full of council houses and cardboard boxes with 12 year olds in tracksuits jacking up everywhere. Your dockyard is full of ruined old boats and all the women have bad breath and rubbish haircuts. I would rather die than live in Pompey.
You complete child. It must really pain you lot to be in such a mess and waking up each day to the stark reality you could be 2 divisions below us in several weeks time
Posted by: Denzils immitator, Denzil's bum on 11:42pm Thu 10 Apr 08
You know, Denzil - every now and then I come on here to imitate you and your frequently stupid / needlessly offensive / childish posts, or lampoon you in other ways.
However, today, I must say that I am 100% in agreement. Pompey is a dirty shithole and I would laugh if Fratton park exploded with the force of an atomic bomb.
You know, Denzil - every now and then I come on here to imitate you and your frequently stupid / needlessly offensive / childish posts, or lampoon you in other ways.
However, today, I must say that I am 100% in agreement. Pompey is a dirty shithole and I would laugh if Fratton park exploded with the force of an atomic bomb.
Posted by: sailor sam, portsmouth on 4:44pm Fri 18 Apr 08
[quote][bold]Denzils immitator[/bold] wrote:
You know, Denzil - every now and then I come on here to imitate you and your frequently stupid / needlessly offensive / childish posts, or lampoon you in other ways. However, today, I must say that I am 100% in agreement. Pompey is a dirty shithole and I would laugh if Fratton park exploded with the force of an atomic bomb.[/quote] Why the hell would anyone want to imitate Denzil!
Surely you should pity the mentally infirm, not impersonate them!
Denzils immitator wrote:
You know, Denzil - every now and then I come on here to imitate you and your frequently stupid / needlessly offensive / childish posts, or lampoon you in other ways. However, today, I must say that I am 100% in agreement. Pompey is a dirty shithole and I would laugh if Fratton park exploded with the force of an atomic bomb.
Why the hell would anyone want to imitate Denzil!
Surely you should pity the mentally infirm, not impersonate them!
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