by Patton Hunnicutt on February 5, 2010
photo credit: wonker
Maybe we can get the focus back on the field…
Portsmouth’s financial troubles have continued under-the-radar because other things have been going on in the Premier League, but now the team (apparently) has a couple interested buyers and now they are saying that the price is dropping to basically “nothing”.
Ok, this one I agree with. You know, a few years ago when the NHL came out of their lockout that cancelled the Stanley Cup and ruined the league they took a TV deal with NBC that NBC didn’t have to pay for. You know what? It kind of helped. Read more... (325 words, 2 images, estimated 1:18 mins reading time)
by David on January 28, 2010
The financial troubles at Portsmouth go from worse to worse as the club’s web site has been closed down today due non-payment.
If Pompey doesn’t have the money to pay for a web site, how can it meet its payroll of around £1.8m that is due tomorrow? Pompey has already been late paying its players at least three times this season.
In addition to meeting payroll, Pompey also has a £9m payment to former owner Sacha Gaydamak that is due by midnight on 31 January. What are the odds that payment will be made?
It will be a miracle if Pompey do not go into administration this season as they are insolvent.
by David on January 26, 2010
The good news for Avram Grant and Pompey fans, is that the Premier League has lifted the clubs transfer embargo. The bad news is that they can only sign players on loan or who are available on a free transfer
Portsmouth has been unable to register new players since October, when the Premier League imposed the restriction due to the club’s unpaid debts on previous transfers. The ban on registering players has been reportedely linked to payments owed to Udinese over the signing of Sulley Muntari, who has since returned to Serie A with Inter Milan.
With an agreement between Portsmouth band Udinese now in place the ban has been lifted. Read more... (254 words, estimated 1:01 mins reading time)
by Patton Hunnicutt on January 26, 2010
photo credit: wonker
The fans deserve new ownership…and fast!
No, no…not the Colonel, but his son has apparently made an offer to the Portsmouth leadership. Well, that offer was turned down and before you say “Why would you sell to the Libyans?” let me tell you a story.
Saadi is an ex-footballer who played in Italy for Udinese and Sampdoria. So, he’s a player…a “soccer person” and you turned him down?
He also owned a stake in Juventus. Wait, so he also has investing and ownership experience and you turned him down? Read more... (340 words, 2 images, estimated 1:22 mins reading time)
by Patton Hunnicutt on January 13, 2010
photo credit: wonker
In a bold move for someone who is the relative of a team owner and not the owner himself the brother of Portsmouth owner Ali Al-Faraj is taking his case to the British press.
Basically, Ahmed Al-Faraj is saying that his brother is throwing money at Portsmouth only to be hounded by the fans and the press for being a degenerate owner.
I can understand Al-Faraj’s frustration. His brother, he believes, truly loves the team and is doing everything in his power to keep it afloat only to be ridiculed by the fans and media because of the money problems the club is facing. Read more... (462 words, 2 images, estimated 1:51 mins reading time)
by David on January 7, 2010
So Portsmouth have again failed to meet a promise to pay players their December wages.
Players were expected to be paid on Tuesday, but that was pushed back again as the club struggles to raise the cash needed. This is the third month in which the players’ wages have been delayed.
Pompey chief executive Peter Storrie hinted players may now be sold.
“If the way to keep this club alive is to sell a couple of players again, we will have to do that – but it will be an owner’s decision,” said Storrie. “If you do not sell, then you could well be going into administration.” Read more... (176 words, 1 image, estimated 42 secs reading time)
by Patton Hunnicutt on December 31, 2009
photo credit: wonker
With the news that Portsmouth needs more cash or they are getting close to folding altogether I’m reading reports that they simply need new owners to infuse cash into the club and that you could purchase a Premier League club for as little as 30-40 Million pounds. If this true then I think that some clubs in the Premier League need to rethink their structure. Read more... (343 words, 2 images, estimated 1:22 mins reading time)
by David on November 26, 2009
It was the move that everyone expected. Portsmouth have announced that former Chelsea boss Avram Grant has been appointed manager following the sacking of Paul Hart.
Grant had been the director of football at Pompey, and their is no news of whether he will continue to handle both roles.
I am a big Avram Grant fan. In the 2007/2008 season, he took over a Chelsea team that was split over the firing of Jose Mourinho and took them to second place in the Premier League and also to the Champions League final, where if was not for John Terry choking on a penalty, they won have won the Champions League. Read more... (165 words, 1 image, estimated 40 secs reading time)
by David on October 28, 2009
I did not think that any team could outdo Newcastle for their off-field antics, but Portsmouth is determined to outdo even Mike Ashley. Portsmouth’s season has descended yet further into chaos with news that the Premier League have hit them with a transfer ban.
The Premier League confirmed reports by the DailyMail that they had taken the drastic action because of Portsmouth’s debts to other English clubs that remain outstanding.
Premier League spokesman Dan Johnson said:
“We can confirm that there is an embargo on Portsmouth registering any new players.”
The transfer ban will not be lifted until those debts are paid. Read more... (344 words, 1 image, estimated 1:23 mins reading time)
by David on October 7, 2009
The last time we saw Avram Grant he had his arm around John Terry after Terry blew the penalty shootout in the Champions League final.
Now 18 months later Grant is returning to Portsmouth and the Premier League as Pompey’s new director of football.
Grant told the Daily Mail that he was delighted to be back involved in ‘the best league in the world’. He said: Read more... (197 words, 1 image, estimated 47 secs reading time)
