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Portsmouth's administrator's report .

9 replies · 657 views

almost 16 years ago · edited over 13 years ago

Profile pic. Should you be interested. Lakhsen, on the right, lost touch with him.
Mohammed, on the left, I'm still in touch with. He's now living in Agadez, Niger. More focused on his animals now as tourism has dried up. Is active with a co-op promoting local goods, leather work and bijouterie, into Europe.
20/5/20

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almost 16 years ago · edited over 13 years ago

This is separate from the Pompey thread as it's really about football's priorities.

David Conn gets it spot on again.

St John, along with schools, hospitals, the local ambulance service, HM Revenue and Customs and scores of small businesses in a total of ï¿½92.7m creditors left high and dry, will receive a fraction of what they are owed in any deal the administrator, Andrew Andronikou of Hacker Young, strikes with a new buyer. By hideous contrast, clubs owed transfer fees, and players due millionaires' pay packets, must be paid in full, according to Premier League and Football League rules, if Portsmouth are to continue as a club in either league.

Source:

As a reader replies - "An excellent article that addresses the immorality behind many of the precepts that underpin football clubs in the modern era."

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almost 16 years ago · edited over 13 years ago

Compared with those galactic figures for football trading and wages, the list of unsecured "ordinary" creditors, who must take a hit, is a painful litany of the inexcusably unpaid. Here is the South Central ambulance service, owed ï¿½19,535.39, Portsmouth city council, ï¿½28,690 down in rates, Portsmouth Students' Union, owed ï¿½2,955. A number of schools are owed significant sums, apparently for the hire of sports facilities, including Cowplain Community School in Waterlooville, with ï¿½14,743.54 outstanding, the Priory Community Sports Centre in Southsea, owed ï¿½11,000, and King Edward School in Southampton, who will have to accept a fraction of a ï¿½41,714.01 bill the Premier League club ran up with them.

What is the answer?
anfieldal2010-04-22 21:13:31

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almost 16 years ago · edited over 13 years ago

just another example of the sport mimicking the dominant economic style. Welfare is from the Poor to the Rich. Free Market Capitalism is destroying the Game before our eyes, but as long as my team is winning who gives a f**k right??

E's Flat Ah's Flat Too

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almost 16 years ago · edited over 13 years ago

It is horrible football is coming to this. I hope we can adopt a new structure which doesn't allow this sort of thing to occur. I remember watching a doco on bbc in about feb which was harking on about this very issue. I am trying to fish it out, it was a good watch and used pompey as an example of what can happen with unsustainable models for a club.

We will never fully decide who has won the football.

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