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Concrete Jungle

Pay Up Pompey, Pompey Pay Up

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How an average Premier$hit team ran up debts of £120 million.

http://www.uhy-uk.com/media/news/PFC%20-%20Report%20to%20creditors%20Adobe%207.pdf

Anyone like to hazard as guess at what amount the numerous local businesses will get paid out at? I am feeling a generous 20p in the pound.

More likely a less generous 0p in the pound.

Unsecured non-football creditors of a club with next to no assets and £120m debts - forget it.

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More likely a less generous 0p in the pound.

Unsecured non-football creditors of a club with next to no assets and £120m debts - forget it.

How much will we the taxpayers lose out in terms of lost tax revenue etc. My bet is that much of this debt is owed to the revenue.

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How much will we the taxpayers lose out in terms of lost tax revenue etc. My bet is that much of this debt is owed to the revenue.

I think the figure quoted was £18,000,000.

Which by coincidence is enough to fund the country's budget deficit for almost exactly one hour.

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"You'll never take the Fratton End."

Unless of course you're a certified bailiff with a properly executed warrant for possession.

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Fulham, I club I thought was well run, have lost £20m over the last three years and have £170m of debts.

They're all at it.

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Debt is wealth.

It could be - after all you get to consume in the same a wealthy person does; and if at the end of it you have no assets what difference does it make?

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How an average Premier$hit team ran up debts of £120 million.

http://www.uhy-uk.com/media/news/PFC%20-%20Report%20to%20creditors%20Adobe%207.pdf

Anyone like to hazard as guess at what amount the numerous local businesses will get paid out at? I am feeling a generous 20p in the pound.

I think a better thread title is "Carry On (paying) Up, Pompey". Deomstrates the farcical nature of finance in football and all that..

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Fulham, I club I thought was well run, have lost £20m over the last three years and have £170m of debts.

They're all at it.

On a Burnley forum, they had this...

http://boards.footymad.net/forum.php?tno=104&fid=297&sty=2&act=1&mid=2122808633

1st Manchester Utd = £716.5m

2nd Arsenal = £297.7m

3rd Diverpool = £237m

4th Fulham = £197m

5th West Ham = £110m

6th Aston Villa = £73m

7th Sunderland = £69.2m

8th Wigan = £66.4m

9th Pompey = £60m

10th Brum = £57m

11th Bolton = £53.8m

12th Spurs = £45.9m

13th Everton = £39m

14th Wolves = £20.68m

15th Blackburn = £14m

16th Hull = £9m

17th Stoke = £2.3m

18th Burnley = £0

19th Chelsea = £0 (£701m written off by Roman Abramovich)

20th Man Citeh = £0 (£305m written off by new owners)

I don't know how much to trust it. The Arsenal figure is about 2/3rds of that one listed, and the Pompey one is double the one being quoted. Bloody crazy.

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On a Burnley forum, they had this...

http://boards.footymad.net/forum.php?tno=104&fid=297&sty=2&act=1&mid=2122808633

1st Manchester Utd = £716.5m

2nd Arsenal = £297.7m

3rd Diverpool = £237m

4th Fulham = £197m

5th West Ham = £110m

6th Aston Villa = £73m

7th Sunderland = £69.2m

8th Wigan = £66.4m

9th Pompey = £60m

10th Brum = £57m

11th Bolton = £53.8m

12th Spurs = £45.9m

13th Everton = £39m

14th Wolves = £20.68m

15th Blackburn = £14m

16th Hull = £9m

17th Stoke = £2.3m

18th Burnley = £0

19th Chelsea = £0 (£701m written off by Roman Abramovich)

20th Man Citeh = £0 (£305m written off by new owners)

I don't know how much to trust it. The Arsenal figure is about 2/3rds of that one listed, and the Pompey one is double the one being quoted. Bloody crazy.

The Arsenal, Liverpool & Hull figures look on the low side to me.

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How an average Premier$hit team ran up debts of £120 million.

http://www.uhy-uk.co...20Adobe%207.pdf

Anyone like to hazard as guess at what amount the numerous local businesses will get paid out at? I am feeling a generous 20p in the pound.

I read in the Sunday Times several weeks ago that the Revenue let the go into admin, rather than close them down, so that the Prem would still pay their £30m 'parachute payments', from which the revenue would get most of their £18m (or whatever the figure is). Pompey would maybe have to risk relegation to League 1, al la Leicester, Leeds, Sheff W, Notts Forest, etc. for a couple of seasons, but continue to exist.

Every-bodies reasonably happy (except the local businesses and suppliers, who can spin on it of course).

I have come to loath the raw greed and economic stupidity of the Prem.

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The Arsenal, Liverpool & Hull figures look on the low side to me.

Arsenal's results for the 6-months ending November 30th 2009 were announced back in Feb. The outstanding debt had been reduced from £332.8m the year before to £203.6m, due in part to having sold 524 of the 655 Highbury apartments, and off-loading Adebayor and Toure to Man City for large sums :lol:

I would expect a further reduction for the 6 months to May as they didn't spend any big money in the January transfer window, and this is before the summer window opens, so no extra outgoings on top of running costs and salaries.

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I've seen it somewhere before! Pompey will roast in volcanic ash, and their unique "porn" will be lost for a thousand years!

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  • 195 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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