Sounds like a non-starter to me. Sets a strange precedent for starters and even if allowed, it's merely papering over some of those really wide cracks in the short-term. It doesn't go anywhere near addressing the main issues that the club have. Still, if they don't ask they certainly won't be allowed to.
Sounds like a non-starter to me. Sets a strange precedent for starters and even if allowed, it's merely papering over some of those really wide cracks in the short-term. It doesn't go anywhere near addressing the main issues that the club have. Still, if they don't ask they certainly won't be allowed to.
Sounds like a non-starter to me. Sets a strange precedent for starters and even if allowed, it's merely papering over some of those really wide cracks in the short-term. It doesn't go anywhere near addressing the main issues that the club have. Still, if they don't ask they certainly won't be allowed to.
Absolutely ridiculous and fuels my dislike of them even more...I for one am hoping they go bust, all the money they've had and they still havent been able to manage brings about absolutely zero sympathy from me. Any club that gets into the PL and then fritters it away through over-spending/over-reaching deserve nothing at all IMO...cue plenty of digs about Nited's debt and the likes no doubt! There's plenty of clubs who've got into the PL then gone down and not had major financial problems so it can't be too tricky can it???
Sounds like a non-starter to me. Sets a strange precedent for starters and even if allowed, it's merely papering over some of those really wide cracks in the short-term. It doesn't go anywhere near addressing the main issues that the club have. Still, if they don't ask they certainly won't be allowed to.
Absolutely ridiculous and fuels my dislike of them even more...I for one am hoping they go bust, all the money they've had and they still havent been able to manage brings about absolutely zero sympathy from me. Any club that gets into the PL and then fritters it away through over-spending/over-reaching deserve nothing at all IMO...cue plenty of digs about Nited's debt and the likes no doubt! There's plenty of clubs who've got into the PL then gone down and not had major financial problems so it can't be too tricky can it???
Joined: May 08 2002 Posts: 9565 Location: 10 mins walk from Suncorp Stadium
If you read what's said its clear that Pompey aren't the only club with debts they are struggling to service. It's more evidence (if any were ever needed) that sports should never be treated as a 'business' investment. What's staggering is that some financial institutions/rich individuals seem to be continually conned into lending on terms that they would laugh out of court about were it any other kind of business.
The CAS have denied Togo's appeal against their ban from the African Nations Cup.
Pathetic.
IMO the major stars of African football, the Eto's, Drogba's and Kalou's should say that if Togo aren't allowed in the competition, they won't be playing either.
BrisbaneRhino wrote:It's more evidence (if any were ever needed) that sports should never be treated as a 'business' investment.
Plenty of people have made tonnes of money from treating sports as a 'business' investment. Rough figures, but the Glazers paid nearly £800m for Man Utd in 2005. The figure stated for United fans to buy the club now is £1.2bn.
The Edwards family made fortunes out of Man Utd. The PLC made fortunes out of MU when they took the club public.
Ken Bates made a fortune from Chelsea. The Thai made a big profit out of Citeh from his short ownership of the club. While Sugar whines about his time at Spurs, I reckon his time at the club was very rewarding to him.
It is difficult to make money out of sports. It's easy to get badly burned. But there are a lot of people who have made massive amounts of money out of sport.
Sounds like a non-starter to me. Sets a strange precedent for starters and even if allowed, it's merely papering over some of those really wide cracks in the short-term. It doesn't go anywhere near addressing the main issues that the club have.
Debts are in the region of £60m according to the statement of affairs provided to the court. How are they going to raise that by selling players, when most of their best players aren't actually theirs to sell?
Sounds like a non-starter to me. Sets a strange precedent for starters and even if allowed, it's merely papering over some of those really wide cracks in the short-term. It doesn't go anywhere near addressing the main issues that the club have.
Debts are in the region of £60m according to the statement of affairs provided to the court. How are they going to raise that by selling players, when most of their best players aren't actually theirs to sell?
"As you travel through life don't sweat the petty things and don't pet the sweaty things" - George Carlin
Joined: Jun 05 2006 Posts: 2112 Location: Shouldercharging Fathead
Andy Gilder wrote:Debts are in the region of £60m according to the statement of affairs provided to the court. How are they going to raise that by selling players, when most of their best players aren't actually theirs to sell?
I'm happy for them to be allowed to sell outside the window, as long as the rule remains in place that other clubs aren't allowed to buy outside the window.
They'd be wise to take administration than run around trying to find a solution. They'll go down, sure, but you can guarantee once the debts are gone, someone will rush forward and take it on and start afresh.
You've stolen my washing From out my back garden You've tarmacked my driveway Even though I said no You've nicked my lead flashing And weighed it in at the scrappy Oh St Helen's tatters Come rob me again
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should say that if Togo aren't allowed in the competition, they won't be playing either.
