Pompey - on the brink??

[Deathy]

The decision is firmly with the director, exec, chairman to release that money or stand firm and make it clear there is no room in the budget for such a player... Sell, then buy...

I don't think you can fault Redknapp, or a David O'Leary for example. They are driven by success, and they are judged on it. If their chairman is willing to open the cheque book, knowing full well what the potential risks are, then they are the ones that carry that responsibilty. They are the ones putting your clubs future at risk.

[Geekins]

Premier league are apparently going to take over running the club to avoid them going into administration... Does that mean they don't get deducted points then??

[Thaumagurist*]

http://www.independent.co.uk/sport/foot ... 96230.html

Eh? Instead of a 10 point deduction, they're going to take over the club? Nice.

[Dirk Gently]

http://www.independent.co.uk/sport/football/premier-league/premier-league-ready-to-take-control-as-penniless-pompey-crash-1796230.html

Eh? Instead of a 10 point deduction, they're going to take over the club? Nice.

They're thinking more about their "brand" in this.

[handbags_harris]

Harry Redknapp is a manager, not an exec, not a chairman, not in control of the cash... If he can sweet talk a board member into giving him money for players and paying high wages, then he's doing his job and he's doing it well.

Anyone who is in a position of spending a companies money has certain reponssibilities, to claim that they don't is nothing short of f***ing stupid.

I genuinely hope you are never in position where you get to spend a companies money, something tells me you won't be though.

Redknapp can only spend money that he is told he can spend. You can argue he knows the long term risks to the football club if it all went belly up, but at the end of the day, he is a football manager and he has to get results. he also wants to win trophies, and if he is given the silly amounts of money to do so, he will spend it. You have to ask questions of the board and chairman who are responsible for releasing that money!

Redknapp always keeps the same people around him, buys the same players, and works with the same agents. Peter Crouch for example - Southampton, Portsmouth, now Spurs. Niko Krancjar, Jermain Defoe, etc etc etc. There's something in it other than a decent player. Redknapp only spends money he has convinced his board that he can have. It is the worst kept secret that Redknapp is a wheeler dealer who has a shady background with regards to transfers and illegal payments, and the fact he re-signs the same players for big money wherever he goes only serves to back up that allegation. He is the one spending it, and allegedly receiving it under the table, and the buck stops with him. A manager should be made aware of the financial situation at a club, and there can be no doubt Redknapp was, hence why he left "just in time".

[cmonurz]

I'd obviously feel different were it RFC, but imho it should not be lawful for the Premier League to take over one of its own clubs. If Pompey are in the shite, it's sad, but they should be allowed to tumble like Luton and the rest.

[Deathy]

Redknapp always keeps the same people around him, buys the same players, and works with the same agents. Peter Crouch for example - Southampton, Portsmouth, now Spurs. Niko Krancjar, Jermain Defoe, etc etc etc. There's something in it other than a decent player. Redknapp only spends money he has convinced his board that he can have. It is the worst kept secret that Redknapp is a wheeler dealer who has a shady background with regards to transfers and illegal payments, and the fact he re-signs the same players for big money wherever he goes only serves to back up that allegation. He is the one spending it, and allegedly receiving it under the table, and the buck stops with him. A manager should be made aware of the financial situation at a club, and there can be no doubt Redknapp was, hence why he left "just in time".

Good post, and I quite agree he's a shady little so and so. But again, he can only spend money what his board releases to him.
If they set a budget and stick to it, they wont be risking long term problems later down the line.

[Vision]

The decision is firmly with the director, exec, chairman to release that money or stand firm and make it clear there is no room in the budget for such a player... Sell, then buy...

I don't think you can fault Redknapp, or a David O'Leary for example. They are driven by success, and they are judged on it. If their chairman is willing to open the cheque book, knowing full well what the potential risks are, then they are the ones that carry that responsibilty. They are the ones putting your clubs future at risk.

Hasn't Peter Storrie been the said Chief Executive for more than one of those clubs though. Nice little set-up those two appear to have had over the years?

[Dirk Gently]

I'd obviously feel different were it RFC, but imho it should not be lawful for the Premier League to take over one of its own clubs. If Pompey are in the shite, it's sad, but they should be allowed to tumble like Luton and the rest.

Are they taking it over? Just paying short-term stuff while they work out a long-term plan.

They're well aware that PL finances are a house of cards and Pompey could be the one at the bottom that brings them all in. Once a PL club goes bust and the banks stop lending to the others then the whole lot could collapse.

[Deathy]

I'd obviously feel different were it RFC, but imho it should not be lawful for the Premier League to take over one of its own clubs. If Pompey are in the shite, it's sad, but they should be allowed to tumble like Luton and the rest.

'greed.

[Thaumagurist*]

I'd obviously feel different were it RFC, but imho it should not be lawful for the Premier League to take over one of its own clubs. If Pompey are in the shite, it's sad, but they should be allowed to tumble like Luton and the rest.

Exactly. They caused their own mess, they should sort it out themselves without outside help, like the rest of us.

[TFF]

Thank God for SJM and prudence.

[Stranded]

I'd obviously feel different were it RFC, but imho it should not be lawful for the Premier League to take over one of its own clubs. If Pompey are in the shite, it's sad, but they should be allowed to tumble like Luton and the rest.

Are they taking it over? Just paying short-term stuff while they work out a long-term plan.

They're well aware that PL finances are a house of cards and Pompey could be the one at the bottom that brings them all in. Once a PL club goes bust and the banks stop lending to the others then the whole lot could collapse.

Whilst I agree with what you are saying I don't agree that they should be doing it - if the club have overstretched themselves by their own choice they should face the consequences. If that means that they enter administration or go bust then so be it - it may cause the rest of English football to get it's house in order (yeah right)

[Uke]

The decision is firmly with the director, exec, chairman to release that money or stand firm and make it clear there is no room in the budget for such a player... Sell, then buy...

I don't think you can fault Redknapp, or a David O'Leary for example. They are driven by success, and they are judged on it. If their chairman is willing to open the cheque book, knowing full well what the potential risks are, then they are the ones that carry that responsibilty. They are the ones putting your clubs future at risk.

Wrong, wrong, wrong..

Redknapp builds the case for and sells the idea of a player to the club based on the revenue he can bring in and his sell on value.

If he gives the board misleading information then it's his fault.

Also his timing for leaving is impeccable (repeatedly) - some coincidence Shirley?

But the fans love 'im dahn't they?

[Uke]

Let this be a warning to all those who think the rich 'investors' come with cash

The club's new owner Sulaiman al-Fahim is chasing £50m of new investment which the club still hope will be forthcoming.

Worth on paper =/= cash in hand

[AF1]

http://www.independent.co.uk/sport/football/premier-league/premier-league-ready-to-take-control-as-penniless-pompey-crash-1796230.html

Eh? Instead of a 10 point deduction, they're going to take over the club? Nice.

They're thinking more about their "brand" in this.

are there/what are the points deductions for going into administration in the PL

In theory, if pompey do get assistance from the PL, avoid administration and thus a points deduction, then avoid relagation, could the team(s) below them that do get relagated have a legal argument that if Pompey had been left to solve its own problems - they'd have been relagated not us

[TFF]

http://www.independent.co.uk/sport/football/premier-league/premier-league-ready-to-take-control-as-penniless-pompey-crash-1796230.html

Eh? Instead of a 10 point deduction, they're going to take over the club? Nice.

They're thinking more about their "brand" in this.

are there/what are the points deductions for going into administration in the PL

In theory, if pompey do get assistance from the PL, avoid administration and thus a points deduction, then avoid relagation, could the team(s) below them that do get relagated have a legal argument that if Pompey had been left to solve its own problems - they'd have been relagated not us

Presumably not given that they all signed up to the deal last month.

[Uke]

http://www.independent.co.uk/sport/football/premier-league/premier-league-ready-to-take-control-as-penniless-pompey-crash-1796230.html

Eh? Instead of a 10 point deduction, they're going to take over the club? Nice.

Can't see where it says this?

It looks like the Prem will run it, but says nothing about not having points deducted if they go into administration

Did you take pleasure in Woollies going bust? Even if you didn't shop there.

[Dirk Gently]

It's 8 points deduction in the PL. Calculated as being roughly the same as the FL "sporting sanctions" but scaled down because they play fewer matches.

[Uke]

It's 8 points deduction in the PL. Calculated as being roughly the same as the FL "sporting sanctions" but scaled down because they play fewer matches.

But they have to go into administration first to get the deduction

Could the PL make the problem worse as they try to delay declaring that their whole brand is built on sand