Clubs in trouble

[pdiddybaby]

Hilts for the practices check out the Pompey fans sites for the past few months they have shown all the links between the various players

including Daniel Azougy a convicted fraudster who for two months was Pompey's financial controller.

Never mind mysterious Arab owner who no one ever saw and appointed a number of Israelis in prominent positions.

That is not right, Arab's appointing Jews, just unheard of.

[hilts_coolerking]

I'm sure you're right.  But rather than explicitly trying to defraud anyone, I think it's more a case of Pompey, having gotten themselves into such a terrible mess, were forced to get into bed with a succession of increasingly shady businessmen because they were the only people left who would deal with them.  No doubt none of these businessmen had any interest whatsoever in doing right by the club.

[pdiddybaby]

I'm sure you're right.  But rather than explicitly trying to defraud anyone, I think it's more a case of Pompey, having gotten themselves into such a terrible mess, were forced to get into bed with a succession of increasingly shady businessmen because they were the only people left who would deal with them.  No doubt none of these businessmen had any interest whatsoever in doing right by the club.

they were all linked to Gaydamek in some way, now it is not the fans fault, in some ways not even the PL's fault but rules have to be put in to strengthen the ownership rules. Only by Pompey going into administration will it force them to.

[hilts_coolerking]

Well this is Barclay's point: any number of clubs have gone into administration in the past and continue to do so.  In other words it doesn't appear to act as any sort of deterrent.

I agree with you about the 'fit and proper person test' though.  That needs to be tightened up considerably.

[pdiddybaby]

Well this is Barclay's point: any number of clubs have gone into administration in the past and continue to do so.  In other words it doesn't appear to act as any sort of deterrent.

I agree with you about the 'fit and proper person test' though.  That needs to be tightened up considerably.

simply they have to have two rules

1) maximum debt levels

2) A deposit by prospective owners to prove intent and proof of funds.

Look at Blues for example, no one has a clue how they are going to funded if they really spend £40m plus wages on players. All kinds of rumours about Yeung but he could never do it and who is the real financial backer.

[Somniloquism]

I wouldn't put it past them that they sell their players out of the transfer window and have the PL payments up front and the owners squirrel it into their own pockets and the clubs is still gone. Any other club in the mess they were in would have gone into administration now. They seem to be trying to screw as much money as possible from everyone else.

[pdiddybaby]

I wouldn't put it past them that they sell their players out of the transfer window and have the PL payments up front and the owners squirrel it into their own pockets and the clubs is still gone. Any other club in the mess they were in would have gone into administration now. They seem to be trying to screw as much money as possible from everyone else.

exactly, debts barely moved despite selling off millions worth of players.

the PL actually should withhold any money until proof of viability can be given at no point should they give Pompey any money to give to Gaydamek and his associates.

[BannedUserIAT]

I am confused why the PL should save them, Pompey got into trouble by a combination of high wages, mis management and lets say some very dodgy practices.

They should have gone into administration by now the only reason is if they opened up the books some people may be in serious trouble.

Just hope that other clubs learn from this and the PL put tougher rules in place, I doubt that.

I think dodgy practices and shady characters are part of the reason the PL should help as much as they can. After all, aren't these the very people that passed the PL's "Fit & Proper" test?

[AV82EC]

The trouble is is that the fit and proper person test isn't there to find out if they can run a football club, its there to find out if they have any convictions and that is all it is there to do.  In view of this I would concur with the poster above who has recommended something along the lines of a guarantee bond or other financial instruments being enforced to ensure the "ongoing" bona fides of club owners.

This is exactly the sort of thing the FA should be doing rather than fannying about with half the nonsense areas they do get involved in.

[Rudy Can't Fail]

I see David Gold in another attempt to get in the headlines, has offered to loan Pompey £10m. I bet he didn't know that clubs can not lend each other money. Oh no.

[BannedUserIAT]

The trouble is is that the fit and proper person test isn't there to find out if they can run a football club, its there to find out if they have any convictions and that is all it is there to do........

......including Daniel Azougy a convicted fraudster who for two months was Pompey's financial controller.

??

[hawkeye]

The Pompey situation is now very dangerous, administration may not be an option as there is little chance of any body coming in to fund the trading under Admin, Liquidation is now a strong possibility

[AV82EC]

The trouble is is that the fit and proper person test isn't there to find out if they can run a football club, its there to find out if they have any convictions and that is all it is there to do........

......including Daniel Azougy a convicted fraudster who for two months was Pompey's financial controller.

??

He's not the owner, he's just a lacky in the accounts department.

[dave.woodhall]

They've got their deadline exemption, for what good it'll do

www.independent.co.uk/sport/football/premier-league/rivals-cry-foul-as-pompey-win-right-to-hold-fire-sale-1904100.html

[cdbearsfan]

Dunno what the other clubs are moaning about... forgetting the financial situation, how is selling loads of players going to help them in the relegation run-in?

Any of them worth a punt? I reckon James will finally go to Sturk now.