Pompey

Discussion in 'Bulletin Board ARCHIVE' started by Tyketanic, Apr 10, 2013.

  1. Tyk

    Tyketanic Well-Known Member

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    Looks like they are now a fan owned club, they must be relieved and to be honest, I'm pleased for the fans... ...not sure where this leaves the creditors etc. mind...
     
    Tyketanic, Apr 10, 2013
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  2. springvale red

    springvale red Well-Known Member

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    when do they take 10 points off them, this season or next ?
     
    springvale red, Apr 10, 2013
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  3. DSLRed

    DSLRed Well-Known Member

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    I think it depends on when they will have a material affect. So if they go down this season anyway they will start next season on minus 10 but if they would survive this season the points will be deducted this season to send them down.
     
    DSLRed, Apr 10, 2013
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  4. DSLRed

    DSLRed Well-Known Member

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    I think it depends on when they will have a material affect. So if they go down this season anyway they will start next season on minus 10 but if they would survive this season the points will be deducted this season to send them down.
     
    DSLRed, Apr 10, 2013
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  5. pompey_red

    pompey_red Well-Known Member

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    technically they are not owned by the fans. 5 high net worth individuals have stumped up most of the cash and have indeed been funding the club for the past 5 months. a property developer has bought the land around fratton park from a previous owner of the football club (sacha gaydamak) so therefore has rights to build/sell do as he sees fit etc but the pompey trust needed this land and didnt really have the cash to buy it, ! the fans have stumped up £1000 each for a share in the supporters trust , in turn the supporters trust have been given a share in the pompey trust ( owned by the 5 high net worth individuals)

    the local council have been tapped up for a loan of nearly 2million quid to fund the purchase of the ground , which is what happened today (from another previous owner balram chanrai)

    if you care to google micah hall and his excellent blog and reporting you will need about 3 weeks to wade through the underhand goings on and deceit thats gone on. yes the fans have been shafted, many of them think its all the fa's fault ,
     
    pompey_red, Apr 10, 2013
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  6. Cal

    CalgaryTyke New Member

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    CalgaryTyke, Apr 10, 2013
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  7. LDR

    LDRed Well-Known Member

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    The points have to be taken them off this season, or they'll be expelled from the FL
     
    LDRed, Apr 10, 2013
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  8. WorsbroughRed

    WorsbroughRed Active Member

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    What I don't get is how clubs like Bury only need £1m, but clubs like Bolton owe over £160m

    How does that work out?
     
    WorsbroughRed, Apr 10, 2013
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  9. woolley mammoth

    woolley mammoth Well-Known Member

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    Basically because Bolton are making payments on the monies loaned. This is the same as if you or I take out a loan, once the repayments stop then your in trouble.
     
    woolley mammoth, Apr 10, 2013
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  10. Tony

    Tony Active Member

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    Correct, its not how much you are in debt, its whether you can service that debt.
     
    Tony, Apr 10, 2013
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  11. Tyk

    Tyketanic Well-Known Member

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    Thanks for the clarification
     
    Tyketanic, Apr 10, 2013
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  12. WorsbroughRed

    WorsbroughRed Active Member

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    I see, thanks for clearing it up.

    I just dont think it's fair considering the actual amount owed.

    Similar situation with Darlington last year - they had relatively minuscule debts yet were relegated 3 leagues.
     
    WorsbroughRed, Apr 10, 2013
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