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Tabloid field day at Pompey's expense, again...

Pompey just cannot, or should that be will not, be cut any slack by the media with them determined to continually get the boot in - according to latest 'reports', in today's Mirror, Pompey are facing 'financial crisis', again, with the threat of an 'administrator coming in' on the cards...

People might have seen something a few days ago about Standard Bank, a South African backer, wanting their 25m loan back? All banks are looking to call in debts, but if an agreement is in place can they actually look to call this in before the terms of the agreement - would they even go 'public' with this wish, if so would it really be in The Mirror! Well today this red top is claiming that they are going to 'demand their 25m loan back', and could do so within the next few days as despite monies coming in for the sales on Lassana Diarra and Jermain Defoe they have not seen any of this, as the money went on 'paying other clubs who were owed money from previous transfer dealings'.

It went on to say that the clubs concern is such that Pompey are 'believed to have contacted the Premier League for help' and, as this Bank has the power to do so, an 'administrator could be appointed to reclaim their millions', which in itself could bring a 10 point penalty...

Does this actually mean anything?

It is in the Mirror, this usually says enough! How many times has this, and other red tops, made 'claims' against Pompey which have either been shown to have no basis or substance or just are based on 'assumption' or 'guess work'.

I know there is a saying that 'there is no smoke without fire', but with all the smoke that has been portrayed by the media over the months the club would be burnt to ashes by now with the amount that has been dished out by the media!

Although my initial reaction to most is, and on this occasion was 'Jesus Christ we are in trouble', I soon shrug my shoulders and think 'can you really believe it?' They, the media, print and say so much, and so far so little, if any has actually come off to be fair...

Is there any substance to the stories that money is owed to this South African Bank, is this the reason for South African businessmen visiting the club back along?

It is highly probable that we do owe money to them, well lets be honest we do, and a lot of banks are owed money and they are now desperate to get it back - but show me a club that does not owe money to someone, but I also feel it is highly probable that they would get this back at some point, and within the agreed time period! When a loan is taken out an agreement on repayment terms is in place, we would have done this here, and surely would not have gone beyond this repayment agreement... 'Demanding' it back and within days or weeks as opposed to months, particularly as raising this until the summer is not possible seems odd, but would be a major problem though. With premier league money for next season coming in over the summer a large chunk of this, if not all of this would go that way.

'If' there is any basis to their claims then those running the club have a lot to answer for, and have potentially put the future of the club at risk once again and it is very much squeaky bum time, as getting that sort of cash in a short space of time would appear unlikely. But until something with 'concrete evidence' is ever labelled against the club - which is not often that forthcoming - I will continue to take what the 'Pompey hating media' continue to print with a pinch of salt, time will tell what the score is here...

As always, lets see what happens eh, and not just take what the media tell us as gospel - although to be fair I think most of us have now realised what they say, and what actually is the truth are more often than not completely different things!

PLAY UP POMPEY!

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Thursday February 26 2009

Time: 10:28AM

Your Comments

We should all have a whip-round. Seriouly though it's worrying because I like Pompey being a top tier team, but as you say if it's true the top guys (particularly Storrie) have a lot to answer for. If we go down because of this and end up in League 1 then yes I'll be really hacked off but I'll still get behind the team on the pitch. As long as we don't do a Weymouth!!!
PFCGino
We should all have a whip-round. Seriouly though it's worrying because I like Pompey being a top tier team, but as you say if it's true the top guys (particularly Storrie) have a lot to answer for. If we go down because of this and end up in League 1 then yes I'll be really hacked off but I'll still get behind the team on the pitch. As long as we don't do a Weymouth!!!
PFCGino
It's *********. TOTAL *********. I suggest all Pompey fans boycott the Mirror. Don't read that *****, and even more, don't believe it. Any bank can call in a loan - any investor can call in a loan. On that premise EVERY club in the PL is in the same, or worse, boat than Pompey. 25m debt could be wiped out tomorrow if needs be - it isn't going to break us.
NinjaTim
It's *********. TOTAL *********. I suggest all Pompey fans boycott the Mirror. Don't read that *****, and even more, don't believe it. Any bank can call in a loan - any investor can call in a loan. On that premise EVERY club in the PL is in the same, or worse, boat than Pompey. 25m debt could be wiped out tomorrow if needs be - it isn't going to break us.
NinjaTim
is it not liverpool that have to repay a loan of 300m or so by the summer? i think it was january wasnt it but it was refinanced.
we will have until the summer at least to repay this surely, and getting 25m together should not be a problem - given sky money as well, liverpool do not have assest to 300m do they, unless citeh come in with 100m + offers each for gerrard and torres...
pompeyrug
is it not liverpool that have to repay a loan of 300m or so by the summer? i think it was january wasnt it but it was refinanced.
we will have until the summer at least to repay this surely, and getting 25m together should not be a problem - given sky money as well, liverpool do not have assest to 300m do they, unless citeh come in with 100m + offers each for gerrard and torres...
pompeyrug
the fact that it is in the mirror alone leaves me not worrying that much, if at all!
pompeyrug
the fact that it is in the mirror alone leaves me not worrying that much, if at all!
pompeyrug
AsI said, it's total b0ll0x - trust me!
NinjaTim
AsI said, it's total b0ll0x - trust me!
NinjaTim
Ninga.. I totally agree with what you say regarding the ******MIRROR, but the fact is millions and not just Pompey Fans read it and after a while a certain amount of mud sticks whether true or not. In an age when just one quote from an unknown source can move the stock exchange, this sort of journalism can do an awful lot of damage. Especially in the eyes of future investors in the club. I'm just wondering if there is any way to take the Mirror to task on this and ask for their supposed source of their information. The chances are it's not true but it still makes me bloody angry....
cornypomp
Ninga.. I totally agree with what you say regarding the ******MIRROR, but the fact is millions and not just Pompey Fans read it and after a while a certain amount of mud sticks whether true or not. In an age when just one quote from an unknown source can move the stock exchange, this sort of journalism can do an awful lot of damage. Especially in the eyes of future investors in the club. I'm just wondering if there is any way to take the Mirror to task on this and ask for their supposed source of their information. The chances are it's not true but it still makes me bloody angry....
cornypomp
Maybe Sasha could get a toxic loan from RBS & then get the taxpayer to sort it!!!
storagematt
Maybe Sasha could get a toxic loan from RBS & then get the taxpayer to sort it!!!
storagematt
Matt..you may be onto something there. After all they seem to have been lending to just about anything with a pulse. If we could get the taxpayer to service our debt we could be a true peoples club of UK Plc...inc...
cornypomp
Matt..you may be onto something there. After all they seem to have been lending to just about anything with a pulse. If we could get the taxpayer to service our debt we could be a true peoples club of UK Plc...inc...
cornypomp
How's about "TOXIC PARK" for the new stadium name and have the MIRROR as sponsors and official purveyors of all things POMPEY... I'm totally losing it now!!! sorry.
cornypomp
How's about "TOXIC PARK" for the new stadium name and have the MIRROR as sponsors and official purveyors of all things POMPEY... I'm totally losing it now!!! sorry.
cornypomp
I'm sure as it is only in the Mirror then this is just them blowing it all out of proportion like they all do. No doubt The News will pick up on this and print something without checking on the facts...hasn't stopped them before. Mind you, you can't rely on the Club coming out with a statement any longer as you never know if the truth is being told or not. As has been pointed out I'm sure we do owe money and of course they would like the money back sooner than later, but if there is a signed agreement on payment terms then that must surely be honoured?
blarmy
I'm sure as it is only in the Mirror then this is just them blowing it all out of proportion like they all do. No doubt The News will pick up on this and print something without checking on the facts...hasn't stopped them before. Mind you, you can't rely on the Club coming out with a statement any longer as you never know if the truth is being told or not. As has been pointed out I'm sure we do owe money and of course they would like the money back sooner than later, but if there is a signed agreement on payment terms then that must surely be honoured?
blarmy
There's a statement on the official Pompey website, it says "the club wishes to re-confirm that it enjoys excellent relations with all its banking partners. All financial commitments are fully serviced by the club and there is no truth to suggest that any facilities will be withdrawn" So the mirror is printing b#ll**** again - but as you guys rightly say, true or not, its very damaging to Pompey, I wish they'd give us a break! The statement also clarifies the rejected Vega bid, they didn't believe they had the resources to take the club forward. Thank you, Sacha, for keeping our interests at heart, and not just taking the money and running.
tracyc
There's a statement on the official Pompey website, it says "the club wishes to re-confirm that it enjoys excellent relations with all its banking partners. All financial commitments are fully serviced by the club and there is no truth to suggest that any facilities will be withdrawn" So the mirror is printing b#ll**** again - but as you guys rightly say, true or not, its very damaging to Pompey, I wish they'd give us a break! The statement also clarifies the rejected Vega bid, they didn't believe they had the resources to take the club forward. Thank you, Sacha, for keeping our interests at heart, and not just taking the money and running.
tracyc
I stopped reading tabloids a long time ago... The level of journalism in these papers is rock bottom. They don't back up anything they say with facts. We should start rumours about how the mirror is facing insolvency due to massive fall in paper sales, and an increase in money payments to third parties for printing lies.
Bowlsey
I stopped reading tabloids a long time ago... The level of journalism in these papers is rock bottom. They don't back up anything they say with facts. We should start rumours about how the mirror is facing insolvency due to massive fall in paper sales, and an increase in money payments to third parties for printing lies.
Bowlsey
CHIP WRAPPERS! remember the wise words of Simon and Garfunkel: "I get the news I need from the weather report" (and Vital Pompey, one should add)
hammersmithblue
CHIP WRAPPERS! remember the wise words of Simon and Garfunkel: "I get the news I need from the weather report" (and Vital Pompey, one should add)
hammersmithblue
there all the same, red tops, talk sport, and skty tv, all sycophantic man utd loving top four creeeping, harry redknob arse kissing, prawn sandwich eating, bmw driving, collymore cliche' toting,back stabbing build em up knock em down wine guzzling,bovine excrementalist pigs
plymouth graham
there all the same, red tops, talk sport, and skty tv, all sycophantic man utd loving top four creeeping, harry redknob arse kissing, prawn sandwich eating, bmw driving, collymore cliche' toting,back stabbing build em up knock em down wine guzzling,bovine excrementalist pigs
plymouth graham
...I dont like em much.
plymouth graham
...I dont like em much.
plymouth graham
plymouth graham are you coming up to new address 15 warleigh ave for the chelsea game?
plymouth ian
plymouth graham are you coming up to new address 15 warleigh ave for the chelsea game?
plymouth ian
PI -CALL ME i would like to come over what channel is it on
plymouth graham
PI -CALL ME i would like to come over what channel is it on
plymouth graham
Don't mix ya words PG .. (lol)
Chix
Don't mix ya words PG .. (lol)
Chix
The Mirror should be banned by all Pompey Fans, and I have another use for it if you like !!
pompeygray
The Mirror should be banned by all Pompey Fans, and I have another use for it if you like !!
pompeygray
 

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