Portsmouth relegation market
Just nipping through the footie news this evening.
Premier league headline, "Portsmouth get seven days to fight winding-up petition". Championship "Cardiff winding-up order is adjourned by the High Court". League one "Southend United's winding-up hearing at the High Court is adjourned for 28 days. "
What a mess!
Premier league headline, "Portsmouth get seven days to fight winding-up petition". Championship "Cardiff winding-up order is adjourned by the High Court". League one "Southend United's winding-up hearing at the High Court is adjourned for 28 days. "
What a mess!
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
FYI:
"As a consequence of the continuing uncertainty surrounding Portsmouth FC, we will be suspending the following markets which have particular relevance to the status of the club at 9am GMT on 17th February:
• Relegation
• Rock Bottom
• Relegation Tri-Cast
• Handicap Bottom
• Month End Bottom-Feb
It is our intention to re-open these markets at 6pm GMT on 17th February. We may re-open these markets before 6pm if it appears unlikely that any material developments will occur during the day. However, we also reserve the right to leave these markets suspended for longer should the situation remain unclear after this time.
Please be advised that whilst the above markets are suspended, it is still possible to cancel unmatched bets should you wish to do so."
"As a consequence of the continuing uncertainty surrounding Portsmouth FC, we will be suspending the following markets which have particular relevance to the status of the club at 9am GMT on 17th February:
• Relegation
• Rock Bottom
• Relegation Tri-Cast
• Handicap Bottom
• Month End Bottom-Feb
It is our intention to re-open these markets at 6pm GMT on 17th February. We may re-open these markets before 6pm if it appears unlikely that any material developments will occur during the day. However, we also reserve the right to leave these markets suspended for longer should the situation remain unclear after this time.
Please be advised that whilst the above markets are suspended, it is still possible to cancel unmatched bets should you wish to do so."
Nice spot Andyandyfuller wrote:FYI:
"As a consequence of the continuing uncertainty surrounding Portsmouth FC, we will be suspending the following markets which have particular relevance to the status of the club at 9am GMT on 17th February:
• Relegation
• Rock Bottom
• Relegation Tri-Cast
• Handicap Bottom
• Month End Bottom-Feb
It is our intention to re-open these markets at 6pm GMT on 17th February. We may re-open these markets before 6pm if it appears unlikely that any material developments will occur during the day. However, we also reserve the right to leave these markets suspended for longer should the situation remain unclear after this time.
Please be advised that whilst the above markets are suspended, it is still possible to cancel unmatched bets should you wish to do so."
Rumour down here is that Pompey are filing for administration today
This penalty point deduction effectively secures their relegation
http://news.bbc.co.uk/sport1/hi/footbal ... 522283.stm
Pompey make plea to sell players outside of the transfer deadline.
Pompey make plea to sell players outside of the transfer deadline.
Premier league has rejected the plea to sell players. Latest news...
Portsmouth move closer to entering administration
http://news.bbc.co.uk/sport1/hi/footbal ... 527495.stm
Portsmouth move closer to entering administration
http://news.bbc.co.uk/sport1/hi/footbal ... 527495.stm
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jmackenzie1982
- Posts: 2
- Joined: Wed Dec 23, 2009 2:26 pm
Suprised that Portsmouth are still a 1.18 shot. The club have confirmed that they are unlikely to find a new buyer before friday when administration would be confirmed. I have held my position since December, they have done well to hold on this long.
Where are they 1.18?jmackenzie1982 wrote:Suprised that Portsmouth are still a 1.18 shot. The club have confirmed that they are unlikely to find a new buyer before friday when administration would be confirmed. I have held my position since December, they have done well to hold on this long.
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lilgreenback
- Posts: 211
- Joined: Thu Apr 16, 2009 11:28 am
Poor Pompey
They should accept administration at least it would give then a stay of execution for 12 months the Tax man may not be able to hammer them then and the team may be able to contiue to fulfil fixtures until the end of the season.
If they go bust now then that will be it the creditors will tear whatever is left apart after HMRC have had their £ of flesh.
Lets face it No-One is going to come in and save them now what is the point of paying 100M + for a club now. When you could pick it up 25M and pay of a few Mill here and there to appease those you owe a couple of months down the line.
Maybe some good will come of it in the long run if only to bring footy back down to earth. When players are getting 100K + a week and the average wage is 25K a year it make one baulk. What Stevie G, Lamps or Wazza earns in a month would keep your trainee Nurse, Teacher, Soldier or Copper in work for 16 Years give or take. Or the cleaner in the local hospital 25 Years,
It's sad that things cost so much yet we value them so little.
LilGB
They should accept administration at least it would give then a stay of execution for 12 months the Tax man may not be able to hammer them then and the team may be able to contiue to fulfil fixtures until the end of the season.
If they go bust now then that will be it the creditors will tear whatever is left apart after HMRC have had their £ of flesh.
Lets face it No-One is going to come in and save them now what is the point of paying 100M + for a club now. When you could pick it up 25M and pay of a few Mill here and there to appease those you owe a couple of months down the line.
Maybe some good will come of it in the long run if only to bring footy back down to earth. When players are getting 100K + a week and the average wage is 25K a year it make one baulk. What Stevie G, Lamps or Wazza earns in a month would keep your trainee Nurse, Teacher, Soldier or Copper in work for 16 Years give or take. Or the cleaner in the local hospital 25 Years,
It's sad that things cost so much yet we value them so little.
LilGB
Pompey become first top-flight club in administration
http://news.bbc.co.uk/sport1/hi/footbal ... 538457.stm
http://news.bbc.co.uk/sport1/hi/footbal ... 538457.stm
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
More football clubs face collapse says leaked FA paper:
http://news.bbc.co.uk/sport1/hi/football/8664833.stm
http://news.bbc.co.uk/sport1/hi/football/8664833.stm
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CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
Maybe the european crisis will make clubs realize they cannot keep this level of expenditure? Banks won't be lending easy money anymore...
I'll be closely looking to the news this summer, so I can take some speculative positions.
I'll be closely looking to the news this summer, so I can take some speculative positions.