"Portsmouth £120 in debt." Or are they?

[chicoazul]

Great. They're another set of comedy bells who should do one.

They can do that tiger mailing crowd thing where cameras aren't arsed to pick it up hopefully.

Can the Championship try not to send so many hoardes of tits up.

 

[TX Bill]

It doesn't take much in this day an age for a football club to get themselves into financial trouble real quick.

 

[tsubaki]

It doesn't take much in this day an age for a football club to get themselves into financial trouble real quick.

indeed - pompey appear owe spurs a million pounds, because spurs did not buy the goalkeeper aamir begovic:

http://www.guardian.co.uk/football/2010/apr/21/portsmouth-tottenham-asmir-begovic-accounts

thats a million pounds, because pompey did not sell him to spurs. this deal was agreed when they were already in the [Poor language removed].

 

[ToffeeDan]

Among the selected highlights, it reveals that Portsmouth owe the Scout Association £697, Neil Webb £150 and Qatar Airways 20p. Various Mr 15%s are also owed substantial sums, including Pini Zahavi (£2.07m), Willie McKay (£225,000) and Sky Andrew (£54,850), as well as former players, including Sylvain Distin (£338,400), Peter Crouch (£282,000) and Glen Johnson (£265,080). Even Tottenham are owed a £1m "sell-on fee" for Asmir Begovic, a player who's never even played for them, while there's £308.50 set aside for "ransom payments"

It's all in here!

http://www.guardian.co.uk/football/2010/apr/21/portsmouth-creditors-report-document

 

[Matt Damon]

It doesn't take much in this day an age for a football club to get themselves into financial trouble real quick.

Any club with a Wage:Turnover ratio about 65% arguably 70% maximum are not in a healthy state of affairs. Particularly if their Debt interest takes a further significant portion of their turnover.

Aston Villa = 84% plus 15% debt interest and "management fees" to Lerner's companies

Everton = 62% + 5% debt interest

The RS = 58% + 35% debt interest (with declining revenue by 30% due to no Champions League money.... so that debt interest % goes UP!)

the list goeth on.



I know which one I would want.... Everton's situation