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

Vital Preview - League 2, 25th-26th March 2017

The 2016-17 season continues with the latest round of games this weekend. This will see us among those involved with three points of course the aim.

The Newport Low Down

An article from PompeyFrippy looking ahead to the Newport visit to Fratton Park as Pompey bid to react to the Stevenage defeat, keeping the promotion bid on track.

Who Serves A Suspension This Week - 24/3/17

Here's a list of all the players currently serving, or under a suspension at the beginning of the week that will potentially keep them out of contention...

Eisner ticking the right boxes

Michael Eisner has moved a step closer to a takeover at Pompey as the American has entered into a 70 day period of exclusivity, the shareholders - aka the fans - will have the final.

Archived Vital Pompey Articles

Vital Pompey articles from

Site Journalists

pompeyrug
Editor email
Profile
eastneydave
Editor email
Profile
paultsmouth
no email
Profile

Current Poll (see more polls)

Pompey v Newport?
Suggested By: pompeyrug
Pompey win50%
Draw50%
Newport win0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Doncaster 38 23 9 6 78 31
2 Plymouth 38 22 6 10 72 18
3 Portsmouth 38 19 8 11 65 25
4 Stevenage 38 19 4 15 61 12
5 Luton 38 15 15 8 60 20
6 Carlisle 38 15 14 9 59 0
7 Exeter 38 17 7 14 58 16
8 Blackpool 38 14 15 9 57 20
9 Mansfield 38 14 13 11 55 3
10 Wycombe 38 15 10 13 55 1
11 Colchester 38 15 9 14 54 3
12 Cambridge 37 15 8 14 53 6
13 Grimsby 38 14 9 15 51 -2
14 Accrington 37 12 12 13 48 -1
15 Barnet 38 11 15 12 48 -5
16 Morecambe 38 13 7 18 46 -13
17 Yeovil 38 10 15 13 45 -9
18 Crewe 38 11 12 15 45 -11
19 Crawley 38 12 9 17 45 -16
20 Notts County 38 12 7 19 43 -23
21 Hartlepool 38 10 11 17 41 -15
22 Cheltenham 38 9 12 17 39 -14
23 Newport 38 7 12 19 33 -20
24 Leyton Orient 38 9 5 24 32 -26
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Portsmouth Results (view all)

Portsmouth Fixtures (view all)

Mar 25 2017 3:00PM : Newport County (H)
Sky Bet League Two
Apr 1 2017 3:00PM : Hartlepool United (a)
Sky Bet League Two
Apr 8 2017 3:00PM : Yeovil Town (H)
Sky Bet League Two
Apr 14 2017 2:30PM : Plymouth Argyle (H)
Sky Bet League Two
Apr 17 2017 3:00PM : Notts County (a)
Sky Bet League Two
Apr 22 2017 3:00PM : Cambridge United (H)
Sky Bet League Two

Vital Members League Table

RankNamePoints
1.pompeyrug69
2.PompeyFrippy47
3.storagematt37
4.Copnor4323
5.stubbsy00722
6.FrattonBlue19
7.eastneydave15
8.Jimsmithswig15
9.uspompeyfan13
10.pompeyweller13
Vital Football Comment