Clubs in trouble

[Dave Cooper please]

Doesn't look good for Dundee at all, is there a movement from the fans to form a new club if the worst happens?

[Eckybloke]

Nothing really at the moment that I've heard unfortunately.

[curiousorange]

Not going to be buying the Mansfield home kit this year then, Bazz?

Only so I can set it on fire, and then stand there refusing to piss on it.

I must've missed references to this before. Why the loathing for Mansfield, VS?

I was going out with a stunning lass from just outside Mansfield (so far out of my league it was unreal). Anyway, she ditched me for a Mansfield player a couple of months later.

I have a similar one about Leeds, although the girl wasn't stunning and she didn't ditch me for a Leeds player. It's just that all she knew about football was based around going to see the Leeds title winners of 91-92 and seeing them all out around the city when she was a student there. I can't be sure but I think the bloke she's now engaged to is a Dirty Leeds fan, so the longer they stay below the top division the better imo.

[TheSandman]

Chances are 50/50 according to the administrator.

It is actually pretty sad if you think they are in this situation due to being £2million in debt (Steve Sidwell or Habib Beye's weekly wage) and a tax bill of something like £400K. Compare that to the ludicrous debts at Man United or Liverpool or Man City's wage bill. They are not like Livingstone or Gretna in that they are one of the bigger names in Scottish football and should be an SPL side.

One of their players who have been made redundant has been through the same thing with Gretna and Livvy when things went bollock shaped there. You have to feel for him.

[atomicjam]

Portsmouth set to be liquidated. On ssn now.

[cdbearsfan]

That is terrible. Don't like the twat with the bell but wouldn't wish that on any club.

Except Small Heath, Leeds, Chelsea, Man U, Liverpool, Spurs, Rangers, Lazio.

[The Man With A Stick]

I'm not a great lover of Small Heath-on-Sea either, but wouldn't wish liquidation on them.

[atomicjam]

From their os;

Sacha Gaydamak Puts Future Of Portsmouth In Jeopardy
Portsmouth Football Club is extremely disappointed to report that it has not yet managed to achieve the exit from Administration, despite the extensive efforts of the Football League, NewCo, the Administrators and their various legal advisors.

The process has been extremely complicated and there has been a team of people working night and day to get the deal done. The most difficult aspect has been trying to achieve agreement with Alexandre Gaydamak after the remaining parties have agreed the deal and executed the necessary documents, namely the new owners, the Administrators, the Football League and the creditors.

Unfortunately, despite the new owners fulfilling all the requirements of the Football League and the creditors, and agreeing and signing up to the required terms of the purchase of the club, at the 11th hour the goalposts have been moved by Mr Gaydamak and this has now made the deal impossible to complete.

Put simply, despite being offered full payment for the secured part of his debt in accordance with the financial plan approved by the Football League, this morning Mr Gaydamak has demanded a very significant upfront cash payment in order to allow the deal to proceed by releasing his security.

All this is in spite of his lawyers going to Paris this morning specifically for the purpose of witnessing his signature to the document agreed yesterday.

It is neither in the interests of the club nor its unsecured creditors for such a ransom payment to be made, particularly where the payment is being demanded by one of the authors of the club’s current circumstances.

In addition, and equally importantly, all of the business plans submitted and approved by the Football League would be fundamentally damaged by such a requirement placed on the club by Mr Gaydamak.

We will provide further information as soon as possible.

However, it appears likely that the club will now be closed down and liquidated by the Administrators as they are unable to support the continued trading of the club.

We would like to thank the Football League in particular for their support and assistance through this difficult process.

All other parties had managed to reach agreement.

This has now been undermined by the self-interested actions of one individual. Mr Gaydamak has provided confirmation several times that terms were agreed. However, he has continually changed his position in an attempt to exploit the goodwill of the other parties to the transaction.

By now doing this he has shown complete disregard for the supporters, the club and the City of Portsmouth.

His earlier comments when the club went into Administration about doing everything possible to save the club’s future do not appear to reflect his current actions.

[Yeltzer]

Portsmouth set to be liquidated. On ssn now.

Portsmouth set to be liquidated. On ssn now.

Couldn't happen to a nicer club

[Warren Aspinall]

I blame appy arry, I don't know why I do, but i'd love it if it was revealed that he showed complete disregard for pompeys finances during his time there.

[Warren Aspinall]

Jim White is close to an orgasm on sky, the stupid f*ckin white haired media whore b*stard b*llocking imbecile.

[Leighton]

So on the same day that a player signs a contract to earn a reported £200k-plus per week, a famous old football club goes out of business...

The modern game stinks doesnt it!

[Percy McCarthy]

Jim White is close to an orgasm on sky, the stupid f*ckin white haired media whore b*stard b*llocking imbecile.

Oh God, I was going to switch it on until I read that. (Thanks BTW). What time does he finish his shift? Any sign of Millie Clode?

[cdbearsfan]

I blame appy arry, I don't know why I do, but i'd love it if it was revealed that he showed complete disregard for pompeys finances during his time there.

In fairness managers aren't accountants. The reaction of 99.9999% of managers to the question "do you want shitloads of money to spend?" would be "yes please".

I would imagine those with access to the club's accounts might have a better idea how to run a club. Apparently not in this case.

[Chico Hamilton III]

Can't Fred Dinage whip up a consortium? Like Nick Owen did with Luton?