Vital Football

Pompey announce £23m loss

Pompey announce £23m loss

It has been announced that Pompey have recorded a loss over the financial year of £23m - this financial year covers the financial year ending 31st May 2007 and covers the 2006/07 season.

The loss is said to have been 'in line with the clubs expectations' as the wage bill had almost doubled on that during the financial period of the year before, but this would be expected as the further we move forward the higher the wages will become.

It is a double-edged sword in many ways, you have to speculate to accumulate, but so long as we are not speculating way beyond our means - which we do not seem to be doing - then we will be ok.

The bigger we become, the more successful we will hopefully become too, and the more successful we become the more money the club will be able to generate. 'Should' we win the FA cup this season this would generate money and without doubt raise our profile even more throughout the world.

PLAY UP POMPEY!

Join the Vital Pompey Debate

Writer:pompeyrug
Date:Thursday April 10 2008
Time: 10:00AM

Comments

0
does the 23 million include the loss of 30 million in transfers? (i presume it does)
pompeycarpet
10/04/2008 10:13:00
0
Thank god for our Sugar Daddy.
stillthewhizz
10/04/2008 10:28:00
0
Ok lads, a few buckets outside FP on Saturday. Any loose change now.
storagematt
10/04/2008 10:38:00
0
put a few quid 'in the pot' for me will you matt as altho i cannot afford to go to this game i and a few others had decided that we would... however we couldnt get tickets, its sold out apparently.
as said the bigger we become the more we will have to outlaw, but so long as we dont go crazy like teams like leeds did we will be ok - and we wont do that. the better and hopefully bigger we become the more money we will draw in.
pompeyrug
10/04/2008 13:00:00
0
Don't forget guys this a trading loss and was to be expected given the expenditure - even so it just goes to show how tenuous the finances are of all but the biggest clubs. Given we broke even or thereabouts the previous year I guess we can now put a price on the differences between our 2006/7 and 2007/7 performances... yep £23m give or take a few beer tents.
ChrisW
10/04/2008 14:33:00
0
shld read 2007/8
ChrisW
10/04/2008 15:18:00
0
It works out at about ₤1,300 per season ticket holder - which if fans paid would triple the prices. That's the cost of success!
eastneydave
10/04/2008 19:07:00
0
the 23 million is total operating loss so should include transfers apart from the players owned by sasha (if any now) and not the club. A new stadium, greater profile and attendance will turn that around and the club have formallly declared that it is line with projections. A UEFA cup run would generate more than half that figure but in reality a quarter taking in to account we would need a bigger squad and pro rata wage bill. As Dave says the cost of success!
russellm
10/04/2008 20:00:00
0
5th place finish and F.a cup win would help! Also we paid for Defoe outright and are recieving the Benjani money in dribs and drabs
paultsmouth
10/04/2008 21:31:00
0
Whilst it is a big loss it is hard to judge on 1 or 2 seasons especially in a successful team building stage in the Premier League. A line is drawn across the books at a certain predetermined date. If large amounts of money come in from successes such as the FA Cup and TV revenue jumps up because of this, it won't be reflected until next year. So in essence we could have a good cash flow situation at the moment but it didn't show on the books when the line was drawn. As it was a operating loss transfer money, ticket sales, TV revenues are all supposed to be taken into consideration. In perspective of the Premier League it is only equivalent to 2 players of the YAKS class.
frattonaussie
10/04/2008 23:35:00
Page 1/1
  1. 1

Login to post a comment

Recent Portsmouth Articles

Match highlights - Pompey 3-1 Bristol Rovers

Pompey got back to winning ways with an important 3pts against Bristol Rovers, putting a run of just a point from Oxford, Morecambe and Orient behind us in impressive fashion.

On this day in history...14th February

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 14th February.

Sunday Chimes #68 - Pompey step on the Gas

A stroll in the Park or a Pompey romp, plus fan power times two and more ....

Stats: Pompey v Bristol Rovers

All the stats from Pompey (3) vs (1) Bristol Rovers, Fratton Park, 13/02/16 Att: 17,808

Archived Vital Pompey Articles

Vital Pompey articles from

Site Journalists

pompeyrug
Profile
eastneydave
Profile
paultsmouth
Profile
Chix
Profile

Current Poll (see more polls)

Bristol Rovers MotM
Suggested By:
Fulton4%
Davies18%
Burgess7%
Webster33%
Stevens0%
Doyle0%
Close0%
Roberts3%
Evans25%
Bennett3%
Smith7%
Sub-McGurk0%
Sub-McNulty0%
Sub-Chaplin0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Northampton 29 20 4 5 64 24
2 Plymouth 30 18 5 7 59 20
3 Oxford 29 15 10 4 55 21
4 Wycombe 30 14 7 9 49 7
5 Portsmouth 29 12 12 5 48 22
6 Accrington 27 14 6 7 48 15
7 Mansfield 32 13 9 10 48 6
8 Bristol Rovers 30 14 5 11 47 8
9 Leyton Orient 31 12 10 9 46 1
10 Wimbledon 29 12 9 8 45 10
11 Cambridge 31 12 8 11 44 1
12 Carlisle 27 11 9 7 42 4
13 Exeter 29 11 7 11 40 -2
14 Luton 31 10 8 13 38 -2
15 Crawley 31 11 4 16 37 -16
16 Morecambe 31 10 6 15 36 -5
17 Barnet 29 10 6 13 36 -6
18 Notts County 28 10 6 12 36 -7
19 Stevenage 32 8 10 14 34 -12
20 Newport 29 7 9 13 30 -10
21 Hartlepool 27 8 3 16 27 -18
22 Yeovil 30 5 9 16 24 -15
23 York 29 5 8 16 23 -22
24 Dag & Red 30 4 8 18 20 -24
Latest F1 News
Latest Vital Boxing News

Portsmouth Fixtures (view all)

Feb 20 2016 3:00PM : Yeovil Town (a)
Sky Bet League Two
Feb 23 2016 7:45PM : Barnet (a)
Sky Bet League Two
Feb 27 2016 3:00PM : Cambridge United (H)
Sky Bet League Two
Mar 1 2016 7:45PM : Exeter City (a)
Sky Bet League Two
Mar 5 2016 3:00PM : Stevenage (a)
Sky Bet League Two
Mar 8 2016 7:45PM : Accrington Stanley (a)
Sky Bet League Two

Recent Portsmouth Results (view all)

Vital Members League Table

RankNamePoints
1.pompeyrug62
2.Jimsmithswig25
3.Pompeytim23
4.storagematt22
5.FrattonBlue20
6.Copnor4316
7.mslorna489
8.Emsworthianblue8
9.eastneydave5
10.cornypomp4