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

Pompey v Newport - Team Sheets

Pompey are at Fratton Park with Newport the visitors for the latest League 2 game.

Pompey v Newport - Follow Live On Twitter

Pompey are at Fratton Park with Newport the visitors today, this will be a 3pm kick-off.

On this day in history...25th March

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 25th March.

Now for Pompey's football focus

Takeover talk has dominated this week but now Pompey have to turn attention back to the promotion bid with a reaction to last Saturday's defeat at Stevenage wanted when Newport visit.

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)

Newport MotM
Suggested By:
Forde 0%
Evans 0%
Davies 0%
Clarke 0%
Stevens 0%
Rose 0%
Doyle 0%
Baker 0%
Naismith 0%
Bennett 0%
Doyle0%
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
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

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.pompeyrug70
2.PompeyFrippy47
3.storagematt37
4.Copnor4325
5.stubbsy00723
6.FrattonBlue19
7.Jimsmithswig18
8.eastneydave16
9.Dorking Pompey15
10.uspompeyfan13
Write for Vital Football