Jose posted:

Portsmouth's debt is now up to £138m. Its funny that its nearly double what they initially predicted.

Jose posted:

They players all agreed to forgo the FA cup bonuses from what I remember.

Transatlantic Gulp posted:

how the gently caress did they manage to spend £138million

irlZaphod posted:

The list of people they owe money to is hilarious, if it's true.

partipo posted:

Just who do they owe what to?

partipo posted:

Just who do they owe what to?

quote:

108 Medical Ltd: £1
AON: £154,934.27
British Gas: £473.62
BT: £1,335.68
Canterbury Europe: £1,398,486.86
Carlsberg: £1,039.33
Concorde Club Hotel: £7,558.70 (That's a lot of pay-per-view porn)
Faith and Football: £1,998 (Linvoy Primus had something to do with this)
Fareham Shopping Centre: £310.50
Hampshire Flag Company: £917.81
House of Weddings: £270
Johnston Newspapers South: £20,062.59 (That's The Portsmouth News, so it's no surprise if there are a few sniffy stories about them in the paper)
King Edward VI School: £41,714.01
Kitbag: £129,407.75
Land Ladies Rent Account: £12,066.50 (Interestingly, the address given for this one is 'Portsmouth Football Club')
Ministry Of Defence (financial management): £626.92
nPower: £2,677.16
Pasta King: £1,296.35
Performing Rights Society: £19,438.83
Portsmouth FC Supporters Club: £300
Pukka Pies: £40
Priory Community Sports Centre: £11,000
Qatar Airways: £0.20
Richard Auger: £340,000 (The amount piqued our interest, so we did a quick Google search, and the first result that came up was for a massage therapist)
Ryde School: £318
Scout Association: £697
Southampton FC: £35,000
St John's Ambulance: £2,701.91
St John's College: £6,660

irlZaphod posted:

This is what what sent around work, I don't know how much truth there is to it, but if it's genuine then it's hilarious.


I really hope they do owe Qatar Airways 20p.

Transatlantic Gulp posted:

The administrator's list of creditors is available online somewhere, it was linked here, so I've no doubt those are all true

Transatlantic Gulp posted:

how the gently caress did they manage to spend £138million

Mickolution posted:

Harry Redknapp.

irlZaphod posted:

British Gas: £473.62
BT: £1,335.68
nPower: £2,677.16

HinderedUseless posted:

PDF for Pompey's Administration findings:

http://www.uhy-uk.com/media/news/PF...20Adobe%207.pdf

Supposedly it goes so far as to show that Pompey owes £40 to Pukka Pies and 20p to Qatar Airways, but I only thumbed through it.

quote:

Bick told Soccernet: "I fear that, looking at the figures, Liverpool are in grave danger of not being able to continue to pay their interest bill for very much longer. Based on the existing figures, the interest repayments on the loans are £36 million a year.

"It's not clear when the cash from this season's Champions League comes in, but it is clear there is going to be a big hole for not being in it next season. The starting point is £20 million, maybe as much as £40 million, maybe even more.

"The city is aware that Liverpool will be posting a £35 million operating profit to July 31, but from what I can see the club will be running out of cash by the end of the year.
...
Bick argues that Liverpool's real value is £300 million rather than the £800 million Tom Hicks and George Gillett have been asking. Bick added: "I would say the true value of Liverpool is £300 million, no more than £350 million, and to suggest £800 million is ludicrous.

"But even if there is a buyer willing to pay £300 million, it would be pointless unless they had the funds for a new stadium, otherwise it just won't work."

w00bi posted:

http://soccernet.espn.go.com/news/s...england&cc=5901


I guess it's becoming even more clear why Rafa is so hesitant at staying.

Bhyo posted:

Liverpool will never go the way of portsmouth. I hate to use the phrase 'too big' but they are. There would be a list of buyers as long as my arm if Hicks and Gillete wanted a more reasonable amount for the club.

Daniel Taylor/Guardian posted:

Glazer family reject secret £1.5bn offer for control of Manchester United

Glazers planning to stay in control for another 10 years

A secretive Middle East consortium has bid £1.5bn for Manchester United only to be firmly rejected by the club's owners, the Glazer family, it emerged last night.

According to information passed to the Guardian this was one of several covert offers which have been made for the club, all valuing United at more than £1bn and all of them rebuffed.

The offer from the Middle East that valued the club at £1.5bn was made towards the end of last year. It was flatly turned down and the bidders were discouraged from returning with a second offer, despite being willing to pay significantly more than United's £1.19bn valuation in the Forbes football rich-list.

randomdumbnick posted:

Which means the "Red Knights" will fail, as was always likely, if this is the case.

w00bi posted:

So Glazers had a chance to get out with money and they didn't take it? What exactly is their end goal?

w00bi posted:

So Glazers had a chance to get out with money and they didn't take it? What exactly is their end goal?

w00bi posted:

So Glazers had a chance to get out with money and they didn't take it? What exactly is their end goal?

w00bi posted:

So Glazers had a chance to get out with money and they didn't take it? What exactly is their end goal?

article posted:

They are described as enjoying the prestige of being associated with a winning team.

"It's like having the most beautiful house," according to one top-level source. "They could sell that house but why would they want to sell it if it were the most beautiful house around?"

They also hope to be at Old Trafford more next season. Avi Glazer has been a regular visitor but his brother Bryan has found it harder because his children are younger.

Bhyo posted:

Liverpool will never go the way of portsmouth. I hate to use the phrase 'too big' but they are. There would be a list of buyers as long as my arm if Hicks and Gillete wanted a more reasonable amount for the club.

w00bi posted:

I guess you can never have enough when it comes to American business owners.

EC10 posted:

their newly restructured debt situation (the 500m bond from a couple months ago) basically made it perfectly alright for them to siphon tens of millions a year out of the club and into their personal accounts. basically, they now own the most valued sports team in the world AND they and their grandchildren can use it as a piggy bank for as long as it continues to exist. why would they ever sell? it's a truly hosed situation, and if Utd hadn't won the title and made the final of the CL the last couple years, their fans would feel exactly the same way Liverpool fans do. or worse, since H+G would actually gently caress off for a billion.

Bhyo posted:

Liverpool will never go the way of portsmouth. I hate to use the phrase 'too big' but they are. There would be a list of buyers as long as my arm if Hicks and Gillete wanted a more reasonable amount for the club.

partipo posted:

It's true. They've got too much worldwide prestige and history, and are so big a name that there will always be a crazy Saudi prince or a Russian oligarch willing to spend money to buy a Premiership team.

I mean, gently caress, somebody bought Fulham.

MoPZiG posted:

irlZaphod posted:

This is what what sent around work, I don't know how much truth there is to it, but if it's genuine then it's hilarious.


I really hope they do owe Qatar Airways 20p.

irlZaphod posted:

I'd like to know what loving alternate universe Hicks is living in where Liverpool FC is worth 3 times as much as it was when he and Gillet invested in it.

duggimon posted:

I'm seriously worried they start flogging our best players to cover interest payments so they can carry on taking tens of millions in dividends out of the club.

Dudley posted:

Thing is, Man Utd ARE too big to fail, there will always be someone who'll buy them for market value because of who they are.

Problem is, the owners won't sell for market value and when they finally consider it, it may end up being a painful road back.