Vital Football

No more 'in principle' talks!

No more 'in principle' talks!

'Agreed in principle' seems to be the in word for Pompey and SAF - his takeover was agreed 'in principle' and now he has secured some financial backing 'in principle'...

So long as this money becomes confirmed in the weeks and months ahead, as is claimed, and this is his money being put into the club, and not more 'borrowed money' that is offset against it, play on!

Now comes the matter of redeeming himself and getting back onside with the fans, something he has the chance to do in a couple of weeks with words anyway, words that then need actions to follow.

For me, as said, actions and not words will be needed. Peter Storrie says we 'haven't got the finance to start the training ground as it stands, or to start work on turning the ground. We have a fantastic new design for the ground and this can be moved quickly with finance,' so lets do this, lets start giving the club some structure.

'If' this money does indeed become available, and again is not secured by more loans putting us into more debt, lets start putting some of this into these projects so we can start actually seeing some progress being made... 'If' this is just more 'borrowed money', forget about it, we are frantically trying to dig ourselves out of a hole not make it deeper, right?

PLAY UP POMPEY!


Bookmark and Share


Join the Vital Pompey Debate



*Try Vital Mobile FOR FREE for the latest news, scores, fixtures and so much more*

Click here to join in the debate on the club forum.

Writer:pompeyrug
Date:Wednesday September 16 2009
Time: 8:25AM

Comments

0
In principle, Al fahim agreed to buy the club in may... I'm not getting my hopes up that anything will happen quickly here either.
pompeycarpet
16/09/2009 09:14:00
0
I've agreed to win the lottery in principle. I have bought a ticket and am just waiting for confirmation on Saturday...
frattonchorus
16/09/2009 09:15:00
0
Of course it's borrowed money. No one is goign to put money into the club for absolutely no return. Every club - Chelsea and Man City apart have to borrow from banks, it's just about being sensible with the money that you do borrow
pros7
16/09/2009 09:30:00
0
It'll be a massive loan with a horrendous return rate. I would almost be temped to tell SAF to not bother. I'd rather we kept pottering around as we are now than be temporarily financially well-off, then suffer for it in a year's time. We've only just sorted ourselves out from the first time, ffs.
powered_by_pies
16/09/2009 10:21:00
0
granted no one, not even chelski or citeh, gets 'something for nothing' but 'if' SAF really does have funds, which he does but they are all tied up in properties, if he can free up some of his own funds then i am happy for him to use this, borrowing it - and stupid amounts at sky high rates - will only see us go round in circles...
pompeyrug
16/09/2009 10:28:00
0
Pros7 I think what Rug was reffering to say was as ling as it is not increasing the debt gearing of the club. Chelski and Man City have seperate guarantors. I agree with the article, it's either : no funding yet but discussions are going on with finance lines or funding is secured. Either way it's too late to get a solid defence before January. But at least we could start the training ground for the team and youth we have; given his positive input I always thought we should make that a PH project
russellm
16/09/2009 10:53:00
0
As PS has stated the previous owners didn't put their own money into the club; why should AF be any different? However it comes into the clubs coffers, it will have to be paid back some day. I don't think AF is a philanthropist.
PFCblue
16/09/2009 13:43:00
0
the dbt thing... Chelsea (definatly) and man city (possibly) are both indebted to there owners, who could recall the debt at any time (presumably). Chelseas debt to abramovic is (aparantly) in the region of £700million (intrest free). If Al Fahim can put money into the club, from his own savings, intrest free, then that may be acceptable. If he beleives that by putting the money in, we'll be able to get a bigger stadium, better youth system, therefore increasing revenue, which could then be used to (slowly) pay off the debt. The problem is though, from the clubs point of view, he could still recall the debt. what he may be able to do, is build the stadium and training pitch with his own money, and sell it back to the club over a longer period of time. That way, it'd be harder for him to pull out. (possibly).
pompeycarpet
16/09/2009 16:04:00
0
All 'ifs' and 'buts' carpet - until AF comes and speaks to the club and fans we're going to continue to be in the dark.
PFCblue
16/09/2009 17:02:00
0
I do not think that we should do major changes in the squad come January. By that time the team would have settled well and got some decent points. The only problem is the African Cup: we will lose some good players there. However, if we gel up by that time, I am sure that we have a good amount of players in our squad that will do us a good job in January to help us get through that month. I would only look forward for "above the average signings", which is something that we surely wouldn't be doing. So, in my opinion, no worries about reassuring Hart with finances as we will probably won't be needing that.
Pompey Malta
16/09/2009 23:23:00
Page 1/1
  1. 1

Login to post a comment

Recent Portsmouth Articles

In defence of Smith

Cook has raved about the ability Chaplin has but the Pompey manager has also singled out Smith for some praise for his role in the victory over Leyton Orient.

Lowe is aiming high

Having marked his Pompey debut with a goal - within 10 minutes for the reserves against Exeter - Jamal Lowe was on the bench to face Leyton Orient and came on at half time.

Riley Explains Postponements

It doesn't happen often in the Premier League or Championship thesedays, but League's 1 & 2 still suffer the odd postponement owing to the weather and Mike Riley...

Finest in the Football League

I don't hide how highly I rate Chaplin. I feel he's the best striker in league two - better than most in league one. Cook said he is the best goalscorer outside the Premier League.

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)

Orient MotM
Suggested By: Site Staff
Forde5%
Evans0%
Clarke4%
Burgess14%
Stevens0%
Baker0%
Doyle0%
Rose2%
Naismith4%
Smith4%
Chaplin61%
Sub - Lowe4%
Sub - Linganzi2%
Sub - Bennett0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Doncaster 26 17 4 5 55 19
2 Plymouth 25 16 3 6 51 14
3 Carlisle 26 12 11 3 47 11
4 Portsmouth 26 13 6 7 45 14
5 Wycombe 25 12 6 7 42 6
6 Luton 25 11 8 6 41 13
7 Colchester 26 11 7 8 40 10
8 Cambridge 25 11 6 8 39 9
9 Barnet 26 10 9 7 39 0
10 Exeter 25 11 3 11 36 9
11 Grimsby 26 10 6 10 36 2
12 Blackpool 25 9 8 8 35 11
13 Crawley 25 10 5 10 35 -7
14 Mansfield 26 8 10 8 34 -3
15 Stevenage 26 10 3 13 33 -4
16 Yeovil 25 8 7 10 31 -3
17 Morecambe 25 9 4 12 31 -11
18 Crewe 26 6 10 10 28 -11
19 Hartlepool 26 6 9 11 27 -11
20 Leyton Orient 26 7 4 15 25 -11
21 Accrington 25 6 7 12 25 -11
22 Cheltenham 25 5 9 11 24 -10
23 Notts County 26 6 5 15 23 -20
24 Newport 25 4 6 15 18 -16
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Portsmouth Results (view all)

Portsmouth Fixtures (view all)

Jan 21 2017 3:00PM : Crawley Town (a)
Sky Bet League Two
Jan 28 2017 3:00PM : Exeter City (H)
Sky Bet League Two
Feb 4 2017 3:00PM : Wycombe Wanderers (a)
Sky Bet League Two
Feb 11 2017 3:00PM : Accrington Stanley (H)
Sky Bet League Two
Feb 14 2017 7:45PM : Blackpool (H)
Sky Bet League Two
Feb 18 2017 3:00PM : Barnet (a)
Sky Bet League Two

Vital Members League Table

RankNamePoints
1.pompeyrug49
2.uspompeyfan45
3.PompeyFrippy32
4.storagematt23
5.Copnor4315
6.FrattonBlue15
7.PompeyFromtheUSA7
8.steaming6
9.eastneydave6
10.pompeyweller5
Write for Vital Football