Portsmouth - Bad days? These are fantastic days, lets enjoy!
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Bad days? These are fantastic days, lets enjoy!

I think it is safe to say that we have all read, or at least heard about the reports in the News of the World on Sunday... It made for pretty damning reading, and painted a pretty gruesome picture about the club and how things are 'going wrong' and we are facing a virtual 'financial ruin!'

Right, I think that it is pretty clear that not everything is 'perfect' for Pompey behind the scenes but lets just take a minute to take stock and put things into perspective eh?

The vast majority of football clubs in world football, let alone English football, are in debt - this is the way football has been for years, most clubs can always generate money somehow, some more than others in various ways and others - like us, have to rely on what we can generate - which is much less compared to most others, but there is always a way and clubs continue to be operate, even at a loss or should I say in debt, if this is a surprise to anyone then I would be surprised...

The reports painted a pretty bad picture and this picture was designed to put fear into the hearts of Pompey fans - not to mention sell papers, and I am sure this has worked with some, but do not be so taken in entirely by those reports. Yep, we are in debt, as said who is not, but we are not facing 'losing our club' this just is not going to happen - maybe the grand adventure of our mighty rise to a genuine force in the English game could come to an end, but it does not necessarily have to be 'the end of the world does it'. If you 'only' support Pompey because 'we are good' then you have to ask yourself some serious questions anyway!

Look at the financial state of affair that is going on, this too effects football. Sacha Gaydamak being the businessman that he is is being affected - hence the smaller scale of player arrivals in the summer and other players being sold to raise finances. Believe it or not players pick up hefty pay packets and these amounts alone per year are barely covered by revenue gained, if we cannot sell out a 20,000-seater stadium then this helps even less... Yep, I know £40 a game is not cheap and is not something we can all afford - even more so given the cash crisis going on - but we need to start being able to afford this for games against the likes of Stoke, Hull, Wigan and so on, as I bet there will be plenty of empty seats at these games. Whereas we can afford this against the likes of Arsenal, Chelski, Manyoo, Liverpool, Spurs and so on. This right to chose is a football fans right, but this willingness to chose against 'the smaller sides' contributes to loss of earnings, this full house revenue generated would also do its bit to help - but to a degree I digress...

We have spent money to achieve the success we have wanted, but we have not been spending wildly a la Leeds and so on, we have spent an amount, but spent an amount 'within reason'. Maybe we could not get any more money from the banks, hence why we did not spend heavily again this summer, but I would like to think that it was restraint from overdoing it that saw less money spent this summer? Would I want us spending wildly beyond our means in the pursuit of extra glory for it all to go belly up if it went wrong? Simple to answer really isn't it - no!

These days are not 'dark and gloomy', those days have happened in the past and we are in a much better position than we were 'back in the day' to deal with this. Back then you looked at things and thought 'Jesus we are in trouble, as even the assets we have to sell are not going to generate much', whereas now, and I know selling players is not ideal as it undoes what we have done but if this clears debt so be it - undoing good work or not having a club? Again simple to answer! We could clear debt by selling 3 or 4 players and we are back on an even footing again - hefty wages are cleared, and fees received pay off debts, in theory simple and in practice if that is what it took then that would happen you would suspect? If it did then this is not to say that it is 'the end of the world for us!' Maybe as much as challenging right at the very top end of the table is concerned it would be, but we could still realistically hold our own in this league and the club would carry on going - I know as sure as night follows day I will still be here regardless!

It appears pretty clear that we are looking to either sell, or bring on board some investment, maybe Sacha would want to sell so he could 'cut his losses', maybe he would want to sell as his 'love for Pompey is genuine' and he knows he cannot bankroll us anymore?

Whatever, as much as I do not and will not turn a blind eye to financial matters and they do concern me, we cannot do anything to change this - other than ensuring we do turn out in force to help generate extra revenue - so I am not getting too down in the dumps 'stressing', 'worrying' or 'doom mongering' as virtually everything I could have ever wanted from this club has been achieved - not that I am saying I would happily accept it all ending now of course! There is not much I could realistically wish for, so I am just content to enjoy the times we have and will carry on making the most of them as if/when they go they may never return... God knows during the dark depressing days I longed for this - what we have now - so I am not letting them pass me by.

As said, the dark days in the 90s that we had - I cannot really relate to others prior - were real dark days, and days to worry about, I genuinely did think the club was doomed! So whilst like I say I have some concern now basically my message is for people to 'chill out, relax and basically enjoy these times' do not be taken in too much by all you read - things might not be great, and circumstances might change for us over the months/years ahead but I do not see that they can get as bad as they once were, we have the assets to guard against this - besides if things were quite as bad as we are led to believe, then if what Harry Redknapp has claimed about Lassana Diarra, and a rejection of a £15m offer for him in August goes, is true then they cannot be as bad as made out? If that was the case then as much as we, and he - not to mention the player himself - might not have wanted this the fella would not be pulling on a blue shirt now would he!

So, do not completely ignore the financial issues with the club, realise what the score is but also do not fear for the worst - basically though, and most importantly I say 'live for today and enjoy these days and lets fully worry about tomorrow if/when it happens' - figuratively speaking of course as tomorrow will come, but I mean that 'tomorrow' if it is a bad day for us...


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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Monday September 29 2008

Time: 11:40PM

Your Comments (oldest first)

Change to most recent first
Here Here Pompey Rug! i think a good example to look at is the current Arsenal squad, they owe loads of money on their new stadium yet they have such a strong youth acadamy that they can compete with the big money clubs
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30/09/2008 01:22:00

Aren't Manure rolling in debt as well? Didn't the Glazer's borrow scandalous amounts of money against the club to buy it in the first place? We're doing just fine!
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30/09/2008 01:33:00

the only problem is servicing the debt but yes we are doing fine. Keep smiling all.
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30/09/2008 09:12:00

If we are in trouble, so is all of the clubs in the prem. We are at our peak so enjoy it. We havn't won 10 trophies in the last 10 years, conquered Europe on a regular basis, well not yet anyway, so there is no room to be complacent. We don't know how long these great times will last & some don't really appreciate how good they are. So stop moaning. We could be Leeds, Forest, Sheff Wed & dare I say it the scummers. Look at their good times in the top flight & look at them now!!! Things as they say could be a lot, lot worse!!!
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30/09/2008 09:43:00

One of the biggest problems with PFC, is the continuous contradictory stories that eminate from the club, in the end one is unsure what to believe. A good example is our eminent landlord in his header where he questions "HR" turning down an offer for Diarra with the term " if true".
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30/09/2008 09:59:00

An excellent article, with the credit crunch I think we are going to have to brace ourselves for even more delays to the new training ground and stadium unless Sacha does get an offer he can't refuse. If Pompey were available for about 100m including clearing debts surely we would be a better option than say Newcastle for 350m. In the meantime I think we will be ok as long as we don't get relegated, look whats happened to the scum. In the meantime lets just enjoy, I've supported Pompey for 50 years and at times I still can't believe the success we're having.
Report Abuse
30/09/2008 12:20:00

The Premier League is fine but so is the Championship and the Third Division. I'll still be here. Might draw the line at the Ryman Blue Square, though! Play up Pompey - whoever we're playing.
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30/09/2008 13:17:00

I can shout as loud in the championship as I can in the premier league. Got a horrible sneaky suspicion I might prefer it as well.
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30/09/2008 13:38:00

Agreed. Have said so in the past too.
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30/09/2008 16:21:00

i love it where we are now, but i too loved it where we were even tho it was a struggle... 'if' we went back down i would be gutted but i would still be there regardless!
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30/09/2008 16:26:00

In no hurry to go back to the lower leagues having spent over 25 years+ to get out of them.
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30/09/2008 16:37:00

ashfordblue you must be olde that me as I have only been supporting 49 years!! I have been to Division Four and back so wherever the merry go round takes us I will be there.
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30/09/2008 16:44:00

I have to agree with matt on this one, i hated being in the lower leagues, and after tasting the Premiership it is the only place to be. If we are in debt and in trouble, all we want to know is how bad is the trouble. However i do think that on those quit newsdays we are an easy target,small old Pompey, dig up a story about Sacha, Harry or bent agents and splash it in the papers. Lets hope we have the talent and the cash to stay where we are and continue our progress. Roll on Portugal, i need some sun on my back, its pouring in Liverpool!!
Report Abuse
30/09/2008 16:46:00

Fantastic times indeed!! Tomorrow I leave to travel to Portugal for Pompey's first ever European tour. It just doesnt get any better than that!
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30/09/2008 20:28:00

The best thing about the Championship was gettting out of it.... Over land and sea of course but I'll happily settle for 38 points each season just to keep us in the top flight... A good article Rug
Report Abuse
01/10/2008 08:56:00

eastneydave Can you beat 59? I remember those dark days in Div4 only too well. I am just enjoying the moment so much.
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01/10/2008 11:55:00

Talking about enjoying it, i am now off to get the mini-bus to go to the airport, were all going on a European Tour!! Come on you blues
Report Abuse
01/10/2008 15:57:00

Fantastic times! We won the FA cup! We're in Europe! Yay!
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01/10/2008 17:45:00


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