Pompey budget

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MarkHalliwell
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Pie
Posts: 2898
Joined: 24 Aug 2011, 11:24
Location: In The Wymans (sipping a Panda Pop)
from what they have been spending, and players signed I would have thought their budget be bigger than that!
Be interesting to see if they end up in court in the next 2 years.
MarkHalliwell
Thing is they are starting from a low base, with few players signed up, and what they were left with were (I suspect lowly paid) youngsters. So they have to build a new team.
RegencyCheltenhamSpa
Posts: 29758
Joined: 21 Nov 2009, 03:27
How do we fit into this claim?

"Most of these clubs, even small ones, are operating on million-pound plus losses which are either being propped up by the owner, a cup run or a player sale. A lot of clubs go into the start of the season knowing they are going to lose a million-pound plus."
mattyboi
Posts: 606
Joined: 05 Dec 2011, 22:39
RegencyCheltenhamSpa wrote:How do we fit into this claim?

"Most of these clubs, even small ones, are operating on million-pound plus losses which are either being propped up by the owner, a cup run or a player sale. A lot of clubs go into the start of the season knowing they are going to lose a million-pound plus."
Simple, We dont!!!
51/84
Posts: 3576
Joined: 24 Nov 2009, 10:20
Surely this is what is wrong with the game.
If clubs expect to loose money and then come unstuck they should be required to pay all their debts off before being allowed to kick another football

You cannot assume to run up debts and walk away scott free so why should a club
Sure if you have money in the bank or an inheritance coming then thats fine but when you run out of money its tough titty and so it should for a football club
To budget to make a loss must carry responsibilities.
It is also in my eyes cheating clubs like ours who play the game
The sooner the FA make directors responsible and punish clubs in their league status the sooner this game will get put to rights
Cheltenhamshire10
Posts: 345
Joined: 11 Apr 2010, 10:49
mattyboi wrote:
RegencyCheltenhamSpa wrote:How do we fit into this claim?

"Most of these clubs, even small ones, are operating on million-pound plus losses which are either being propped up by the owner, a cup run or a player sale. A lot of clubs go into the start of the season knowing they are going to lose a million-pound plus."
Simple, We dont!!!
To a smaller extent we are propped up by those things. Just the right way round. Our budget has increased due to cup runs and the benefactors money, we just got the money in first before spending it!
RegencyCheltenhamSpa
Posts: 29758
Joined: 21 Nov 2009, 03:27
Cheltenhamshire10 wrote:
mattyboi wrote:
RegencyCheltenhamSpa wrote:How do we fit into this claim?

"Most of these clubs, even small ones, are operating on million-pound plus losses which are either being propped up by the owner, a cup run or a player sale. A lot of clubs go into the start of the season knowing they are going to lose a million-pound plus."
Simple, We dont!!!
To a smaller extent we are propped up by those things. Just the right way round. Our budget has increased due to cup runs and the benefactors money, we just got the money in first before spending it!
though we did nearly go into administration
Robin
Posts: 15948
Joined: 20 Nov 2009, 11:19
So the mighty Pompey operating on a wage bill almost identical to ours, fair play to them for going about it the right way.
vcinthestand
Posts: 734
Joined: 20 Nov 2009, 21:46
I dont see how they are going about it in the right way
Are they expecting to loose £1m ?
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Pie
Posts: 2898
Joined: 24 Aug 2011, 11:24
Location: In The Wymans (sipping a Panda Pop)
Spoken to a mate of mine today whos in the pompey supporters trust, he said;

"we cant go above the £1.2million, nor can we spend money on new players. Free's or loans only"
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