Portsmouth - An 'acceptable' form of asset stripping?
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An 'acceptable' form of asset stripping?

So, we now know that we HAVE been given permission by the premier league to sell players outside of the transfer window.

This is being viewed as a 'vital advantage in the bid to save Pompey- - although is it really an advantage? Surely selling MORE players makes us less attractive to a 'potential' new owner...

We can do this as long as these players do not turn out for their 'new club' between now and the end of the season as they are free to sign for a new premier league club - alternatively, so long as Fifa approves this they can move abroad, but again cannot play for their new club.

Another option is a 'pre-arrangement' with a transfer agreed for the summer and them staying with us until the end of the season, although will many teams agree to this type of deal?

It is all very well players staying with a club and then leaving on a free at the end of the season to complete a Bosman style transfer, but will many clubs happily stump up money to let their 'asset' continue to turn out - and risk injury - for another club?

What would happen if say, Villa, Chelski, Fulham or Spurs signed a player from us on a pre-arrangement, could they then feature against their new club in the cup?

The premier league statement read as follows: 'the Premier League board meeting that convened last week to consider the administration of Portsmouth FC dealt with a number of matters beyond just the application of the sporting sanction (deduction of nine points).

'In accordance with Premier League rules, postponement of the suspension of Portsmouth FC as a member club was conditional on a number of undertakings being given by the administrators.

'These have now been received to the satisfaction of the board and therefore it has decided to allow Portsmouth FC to make player sales under the following circumstances:

'1. Players may be sold to other Premier League clubs but may not play first-team football for the new club before the end of the season.

'2. Players may be sold to a Football League or foreign club, subject to FIFA's approval.

'3. Portsmouth FC may enter into an agreement with another Premier League, Football League or foreign club that a player will be transferred to that other club in the summer.'

Admin Andy says that any players sold would then be loaned back to us - although surely this is down to the selling club and they cannot be forced to do this? And the 'conditions' issued by the premier league do not actually say this is the case.

This does not sit that well with me to be honest, both as a Pompey fan and a football fan - rules are rules so once you 'bend them' it throws everything into chaos. So, basically the transfer window is now 'worthless' really...

It IS the administrators job to get money for the creditors, although which creditors will gain priority? Is it mostly being done to ensure 'bigger fish' get their cash or are the 'small fish' being looked after too? In some ways this will beg that question again, who is being acted on behalf of?

Ok, chances are players WILL, or would, have to be sold in the summer, although why not wait until the summer to do this? I thought we were meant to have given the funding to see us through this administration process? If so why have we sought the option of selling players now?

The players are the clubs asset - and we DO NOT have many of these left, selling these makes what is already looking a somewhat 'unattractive' option look even less attractive is it not? With a number of players out of contract in the summer, and likely to be released, if we start selling players now then what exactly is there to entice in a potential new owner? What is Portsmouth Football Club left with?

If we are in this much trouble that we have taken this route it does make you worry that there is no way out? You, well I, worry that a short-term solution is being sought - but what happens in the long-term...

Of course it is NOT certain that players will be sold - many might not want to go yet as we DO still have the FA cup to play for, so some might think 'why should I go?' I would be concerned that we will get peanuts for players as well, as who is going to offer us decent money knowing that we are basically desperate for this now - again, how does that benefit the club?

It does not really does it...Creditors get something back but we become less and less attractive to anyone looking to come in and takeover.

All in all this seems nothing more than a further 'asset stripping' measure, albeit a more 'acceptable' form of asset stripping...

PLAY UP POMPEY!


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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Wednesday March 24 2010

Time: 1:38PM

Your Comments (oldest first)

Change to most recent first
I can't see many players wanting to leave if they can't play elsewhere. Also, once you take away the players who are on loan or out of contract in the summer - which players do you have left that are worth good money? How many clubs are going to want to pay good money for a player that can't play? It seems like a pointless situation that might raise 2/3 million at most whilst costing you the best players in your squad. As you say, a really short term gain but at what cost to the club in the long term?
tuscan3000
Report Abuse
24/03/2010 14:17:00

If this is the plan to save us, then we're DOOMED !!!! What a complete and utter waste of time and effort......on top of that we've used up more brownie points ingraciating ourselves to the FA/Prem/FIFA for something that I can't see giving us any gain. ?????????????????????????????????? I am Lost !!!!!
BarneyArmy
Report Abuse
24/03/2010 14:48:00

I think this may well be a case of reducing costs rather than raising funds. As has been pointed out who is going want to leave and not be able to play competetive matches for 5 months and what team would pay for someone that can't play. It's probably just a chance for us to off load the likes of KPB, who I think is unlikely to play for us again anyway. Can't see it making a huge difference to us TBH, just another strange decision from those at the EPL.
DreadedLinvoy
Report Abuse
24/03/2010 15:45:00

Very strange. AA says 6 - 8 weeks & we're out of admin. He says 30m ish to buy the club. Well if that's what we're worth then selling 5m worth of players (at 2m in a fire sale) then the club's worth 25m. Who's gained? I'm joining the "everyone's a liar" group.
thepompeypaul
Report Abuse
24/03/2010 20:04:00

 

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