Report this comment
  • "
    circa 66 saint wrote:
    St Retford wrote:
    costa gaz wrote:
    Having read the FL statement again I think that the 10 point penalty will be the least of their worries.
    Secured debts to be paid in full before the start of the season!!!!!
    I have a hunch the dispute with FA Cup hero 'King' Kanu could well be the straw that breaks this donkey's back. They've **** him off to the extent that he won't accept a compromise and it could well drag them under.

    That said, I think the fact the surrounding land formely owned by the arms dealer is now up for sale does slightly increase the chances of a middle eastern billionaire stepping in, but I wouldn't hold my breath.
    posted this on the news site this afternoon before the good news 10pts


    KANU the man who won the F.A.cup for pompey.
    KANU the man who has twice reduced his wage to help pompey survive (deferred his wages)
    KANU the man who you lot have now pushed so far he has had enough.
    KANU THE LIQUIDISER

    also believe secured football debts around £25m
    klaus reckons they are odds on to go t1t's up
    Haha. Their whining about the points misses the, erm, point by about a million miles. There's no way in the world the trust can raise enough to pay off football debts by the start of the season (these dwarf the amount you would need to buy the club itself) and why on earth would Chainrai bother if he's only allowed to transfer a fraction of the £18m he's owed into the debt of the post-CVA club?

    Unless someone else enters the race to buy them there's no way they'll be a Football League club next season. O well, we did always say they were Pompey till July.

    And let this all be a lesson to all the moaning 'fans' complaining about a lack transfer activity at Southampton. We do things right at our club."
  • This field is mandatory
  • This field is mandatory
  • Please note we will not accept reports with HTML tags or URLs in them.


  • Enter the above word in the box below

Portsmouth to begin 2012/13 season on -10 points in League One

Daily Echo: Fratton Park Fratton Park

Portsmouth have been told they must start next season in npower League One with a 10-point deduction.

The Football League said today it will accept Pompey's membership provided whoever buys the club complies with a number of conditions, notably another points deduction.

Portsmouth were also docked 10 points last season after entering administration for the second time in two years and were eventually relegated from the Championship.

Last month they moved a step closer to coming out of administration after creditors voted in favour of former owner Balram Chainrai's Company Voluntary Arrangement proposal, while the Pompey Supporters' Trust are also bidding to take over the cash-strapped club.

As well as starting next term on minus 10, the Football League say Portsmouth must agree that only a limited proportion of the secured debt from the previous club can be carried forward into the new company as secured debt.

They must pay all their football creditors in full, unless mutually acceptable compromise agreements are put in place.

Finally, Pompey will also face a range of other restrictions on playing budgets, future borrowing and loan repayments for the next five seasons.

A Football League statement read: "The Board of The Football League has agreed to make an offer of membership to the eventual purchaser of Portsmouth Football Club.

"The offer is subject to the successful bidder accepting a number of conditions that seek to ensure the sporting integrity of league football and the financial viability of the club going forward.

"The Football League Board has absolute discretion as to whether to admit any new company as a member of The League. In doing so, it has to strike a balance between giving a club another chance and the effect this has on sporting competition between clubs."

Pompey's administrator Trevor Birch promptly issued a statement branding the League's decision "very harsh" and hopes it can be reversed.

He said: "We are extremely disappointed that the Football League has decided to impose yet another penalty on the club.

"I think most people would agree that the 10-point deduction imposed last season was sufficient, particularly as it played a huge part in the club's relegation to League One.

"The fans, players and staff have suffered enough for something for which they weren't responsible. We feel it is unjustified for the club to be punished further.

"We've made it clear to the League that Portsmouth needs all the help it can get at the moment, which makes today's decision very harsh.

"I'm confident, though, that the club will bounce back from this latest setback. It's not a club that gives up that easily.

"We will have further discussions with the League in order to explore whether we can give them more comfort, particularly with regards to the old CVA creditors, and thereby have the decision reversed in respect of a points deduction.

"We will continue to do all we can to give Portsmouth the best possible chance of survival."

Birch added that the club have made significant inroads into slashing their wage bill.

Today Hayden Mullins joined Birmingham and Aaron Mokoena agreed to terminate his contract while Luke Varney and David Norris are also expected to leave within the next few days.

Local Businesses

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree