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Pompey into Admin..A Sad Day in English Football

Pompey into Admin..A Sad Day in English Football

Being a Blackburn Rovers Maniac, financial difficulties are no mystery to us. Whilst the big boys spend there millions, we complain why we sold x for x amount, yet can only spend y amount. However, times like this, really, we just have to be greatful we have the board and management that we do have....

Unfortunately for Portsmouth and its loyal fans, the club has been led into administration, after 4 undisclosed groups were unable to prove they had the funding to purchase the club from Balram Chainrai.

Insolvency Specialist Andrew Andronikou, speaking to the press, said

'We made a conscious decision to put it into administration tomorrow morning at the High Court'.

It has been a tragic turn of events for Pompey, a club, built on 112 years of tradition, enjoying a glorious rise to the Premier League, winning the FA Cup in 2008, now doomed to return to the championship, suffering a 9 point penalty to top it off.

Portsmouth reportedly have debts of 70 million pounds, with player contracts possibly to be terminated. FIFA are set to have emergency discussions in mid March to resolve the future of the Portsmouth Football Club.

The reason for Portsmouth debts is debatable, heavy spending, continuous change of ownership and other aspects all contribute. However, we, at Vital Blackburn, wish everybody involved with the Portsmouth football club, its fans, Vital Pompey lads and our very own Aaron Mokoena, the best. Hopefully, something can be sorted out, and Pompey will be back on its feet and claw its way back to the premiership......How Else are we suppose to get 6 points every season!

All the best Lads!

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Click here to join in the debate on the club forum.

Writer:Sasman!
Date:Friday February 26 2010
Time: 12:31AM

Comments

0
ah we always have some good banter with pompeyrug and co, best wishes lads!
sasman
26/02/2010 02:37:00
0
Just looking at your latest results boys - you've had a pretty decent run last 6 games or so, bar Stoke. Good stuff - always had a soft spot for you punters since S&S days.....
YatesyVillain
26/02/2010 05:52:00
0
when it all comes out n the wash in time, we will see the club has been used as a kind of "drugs Mule" in a Money laundering scam i suspect. I reckon Notts county are similar. Its like the old long purchase scam, where a crook sets up a company, buys a few items, pays on time , establishes a business relationship, then take increased produce on tick, then folds having sold the produce kept the money and paid none of the bills.. does that sound like Pompey? Play up Pompey...I know you boys will be with us tomorrow at BFC..I used to Live in Bolton and remember going to St Goerges hall to see Siouxsie & The B's...it was cancelled, and walkin to your town through darwin...I also worked on a building site constructing an Asda ...oh when we were young...
plymouth graham
26/02/2010 08:27:00
0
ps, the ASDA was in Accrington...
plymouth graham
26/02/2010 08:28:00
0
A sad day and I feel for the guys down at Pompey. I have always had a soft spot for them. I hope people that bitch and moan that we are dont spend X amount on a big player have a look at themselves and realsie that what we do at present is the only way....
Mikey Delap
26/02/2010 09:13:00
0
It seems that the main problem has been the level of wages that the management (Redknapp) was prepared to pay to 'stars' who failed to deliver the success which might have seen them recoup the cash. It is a lesson to all small clubs such as ours and it is something that those fans who complain that our Board is not prepared to spend the cash to bring Darren Bent or Robbie Keane to Ewood should bear in mind. We seem to be doing a fine job navigating our middle route between splashing the cash and grinding out results on the pitch which are good enough to see us in the Premiership next season. All credit to Sam for bringing in promising young players and coping on what one can only imagine is a very tight budget.
kevin e
26/02/2010 09:13:00
0
As a Rovers fan who lived in Pompey for 2 years I have a bit of a soft spot for the team and I hope the club can keep going, sort out this current mess rebuild and come back into the premiership (as it's looking a near guarantee that pompey are getting relegated with the 9 point deduction) with the right structure to the club in order so sustain it financially. Even if I have been drenched a few times in the away stand when Rovers came to visit i always enjoyed the games there.
fransavarese
26/02/2010 12:18:00
0
I'm sorry but I have no sympathy for Pompey whatsoever - I feel for the fans, but in the same breath they weren't moaning when they won the FA cup with those millions. The people who I am sorry for are the people who are owed all the money, and I don't mean the millionaires, I mean the workers at the club who didn't get paid, the suppliers of the clubs whose orders haven't been paid etc. Thise people are owed fortunes and now the club is in administration, they will see very little of that money. Which means that their business could go under, or their mortgage goes unpaid. Furthermore, how weak are our FA - a point deduction for a club already destined for relegation is hardly a punishment - next year they'll pick up with a new owner and start off again, buying and selling borrowing etc and getting into the same state. You may think I'm being harsh - but the problem is this will keep happening until the League licence the people who buy these clubs and run them into the ground. I'm sorry that it had to happen to Pompey, I like the fans, but it should be a warning to all the other clubs to sort their finances out now.
FreidelNo.1
26/02/2010 13:27:00
0
I disagree with the wording in your statement but agree with parts of it. Especially to do with the premier league letting such owners run a club in the first place. They obviously dont have good enough checks on the owners' ability to run/finance an premier league club.
fransavarese
26/02/2010 13:41:00
0
Well thats it in a nutshell fransavarese - the owners (or multiple owners) who bought the club didn't have the funds or the want to invest in the club - and because of that many people have lost out. If that was a high street business it would have been put out of business ages ago and wouldn't have been allowed to contiue trading as Pompey did.
FreidelNo.1
26/02/2010 14:01:00
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