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[Archived] Other Pl Happenings 2009/10

philipl

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American Champions League

American

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Pompey will go into administration if they don't pay or strike agreements with all creditors, not disappear.

It will be like Palace- a points deduction and carry on. If the administrators do not see a basis for carrying on and generating some return for creditors, only then would a winding up order be applied for. That is probably months away if at all.

The PL cannot come to Pompey's rescue- their debts are 50 times bigger than Gretna's. Are you guys going to be happy for Rovers effectively ponying up £3m+ as our share of the cost to keep Pompey going?

The latest is Pompey have offered the Revenue £1.8m not to proceed with the winding up petition- I think that is far too little but let's see what HMRC think of it.

This is brilliant news for all football clubs. The porn boys are looking for a 25% wages cut at WHam if they stay up and promise armagedon if they go down.

No one is saying that the PL would totally bail them out, just pay operating costs until the end of the season.

Not to you, but I thought that Benni signed for 35k, not 50?

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T4E World Cup

T4E

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So Rio appeals his 3 game ban so that he can play in a crucial league game then decides to drop the appeal today, thus avoiding an additional game ban, which enables him to play in the league cup final.

Surely this should be seen as as big a waste of the panels time as the original appeal.

I'd like to see Samba get away with such a stunt!

Haha, good observation I hadn't thought of it like that. There's always going to be people looking for loopholes - you can't blame them for that, you have to blame the authorities for letting them exist in the first place.

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only2garners

only2garners

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So Rio appeals his 3 game ban so that he can play in a crucial league game then decides to drop the appeal today, thus avoiding an additional game ban, which enables him to play in the league cup final.

Surely this should be seen as as big a waste of the panels time as the original appeal.

I'd like to see Samba get away with such a stunt!

His appeal was against the extra 4th game he got for appealing the original 3 game ban, so I presume he will still be missing the League Cup Final.

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LeChuck World Cup

LeChuck

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His appeal was against the extra 4th game he got for appealing the original 3 game ban, so I presume he will still be missing the League Cup Final.

I think that's right. Which league game did he get to play by appealing? The Portsmouth one?

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T4E World Cup

T4E

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His appeal was against the extra 4th game he got for appealing the original 3 game ban, so I presume he will still be missing the League Cup Final.

No, he can play in the League Cup final. His original ban was 3 matches, Arsenal, Portsmouth and the game against Aston Villa tomorrow night. That was extended to 4 games due to the "frivilous appeal", meaning he will now also miss the Everton game. The reason he is definitely available for the League Cup Final is because United were considering another appeal, which, had it been also been deemed frivilous, would have meant an extra game on the ban again, forcing him out of the final. United have chosen not to pursue that appeal and risk that happenining.

Having said all of that, it doesnt look as though they have played the system at all.

The cup semi against City.

I dont think thats the case either, the Cup semi was only 4 days after the Hull game, too soon for the ban to come in to effect.

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philipl World Cup

philipl

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No one is saying that the PL would totally bail them out, just pay operating costs until the end of the season.

Not to you, but I thought that Benni signed for 35k, not 50?

There is no Chapter 11 in the UK so that is not an option. All creditors have to agreed with in a non-prejudicial way and they are bound to want a chunk of the £60m paying to allow Pompey to continue under the current chap in the revolving door as opposed to an administrator responsible to them.

I hadn't thought about footing Pompey's running costs- add another £12m+ to the end of the season and £600K charge to Rovers. So, each Prem club needs to fork out £3.6m to keep Pompey from going into administration. That is 30% of the dingles' wage bill isn't it?

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ffan Uefa Europa League

ffan

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"The Sun' today published a 'Premier League Debt Table' which is not retrievable online so I have copied it out from the paper -

1) Man Utd - £716.5m (June 09)

2) Arsenal - £297.7m 9 (May 09)

3) Liverpool - £237m (June 10)

4) Fulham - £197m (June 08)

5) West Ham - £110m (Jan 10)

6) Aston Villa - £73m (May 08)

7) Sunderland - £69.2m (July 08)

Wigan - £66.4m (May 08)

9) Portsmouth - £60m (Jan 10)

10) Birmingham - £57m (Aug 08)

11) Bolton - £53.8m (Jun 08)

12) Tottenham - £45.9m (Jun 09)

13) Everton - £39m (May 08)

14) Wolves - £20.68m (May 08)

15) Blackburn - £14m (Jun 09)

16) Hull - £9m (Nov 09)

17) Stoke - £2.3m (May 08)

18) Bunley - £0 (Jun 09)

19) the dark side (chelsea) - £0 (Dec 09 ) NB - £701 million debt wiped

20) man City - £0 (Jan 10) - NB £305 million debt wiped "

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philipl World Cup

philipl

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Q. What is the PL?

A. It is a collective of 20 clubs- nothing more, nothing less.

Q. where would the money come from to bail out Pompey?

A. From not paying the other 19.

Q, Why?

A. The PL's money is simply money earned, pooled and distributed by the 20 member clubs according to the rules agreed amongst themselves in signing up to OWNING one of the twenty shares in the PL. So if the bill to bail out Pompey and keep it operating to June 30 is £72m, crudely speaking, Rovers have to pay one nineteenth of that one way or another.

That is an interesting table Ffan.

Worth pointing out that Liverpool and Man U's debt is 100% third party caused by new owners dumping their own debts onto the club.

Arsenal's debt is a bond priced at an incredibly low rate of interest (something like 4.25%) linked to the Emirates Stadium and Highbury Village developments and as such is debt that takes the game forwards- the same will apply to Spurs when their WHL rebuild happens.

Fulham, Sunderland, Villa, Wigan, Brum and a chunk of Bolton and Spurs debt is to the shareholding interest in the club and as such would be a case of the owner ending his own ownership if he called in the debt against himself.

West Ham are in the soup but could float clear on the porn boys (who have just said that BIG CLUB is now small club and they are at MASSIVE CLUB).

Hull's numbers are dodgy- there is a holding company floating around which is in trouble and should be added in the same way as the debts on both Man U companies are added together. Hull also have a current wage bill which will up their debt by £12m a year if nothing is done about it.

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PAFELL World Cup

PAFELL

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So you're saying that this is £3.6m that Rovers are currently entitled to from the PL, but wont be getting if the PL bail out Pompey?

Why should anybody bail them out? After all they have shown - by the way they have gone about business - that they are not a fit and proper club.

Clubs in the lower leagues have not been allowed to bail out palace, Accrington stanley, notts county. So why should this be permitted in the prem but not the other leagues?

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T4E World Cup

T4E

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Why should anybody bail them out? After all they have shown - by the way they have gone about business - that they are not a fit and proper club.

Clubs in the lower leagues have not been allowed to bail out palace, Accrington stanley, notts county. So why should this be permitted in the prem but not the other leagues?

I totally agree, just think the scaremongering about it being money out of our pocket is stupid.

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Tom World Cup

Tom

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Uh oh lets hope its not going to one of those nights when everyone we want to get beat picks up wins

Just waiting for the inevitable Burnley goal now I've typed that

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DE. World Cup

DE.

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We can't go through the entire season hoping results go our way. The best way to ensure we move up the table is to play well and win games, if the lads aren't doing that and other teams are then we deserve to slip down the table. If results don't go our way tonight it makes it all the more imperitive that we actually put in a shift tomorrow and beat Hull.

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