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Deadline day for Pompey

Well, in the strictest sense that is not entirely true as it is not only deadline day for Pompey but deadline day for the rest of English football!

In many ways though today is almost a 'deadline day' for Pompey as you get this feeling that today will, once and for all, clarify a lot of things for us and let us know where we are heading...

Most of us had expected departures, and a good number of them by now, although as I write only The Herminator has been 100% confirmed as a departure.

Ok, Ryan Williams is 'as good as gone' as he has been at Fulham, and indeed played for their ressies last night, but his £500,000 'switch' has not been confirmed as yet - maybe I am being too 'optimistic' with my thoughts but I am not quite, as things stand at the moment, classing him as a 'fire sale' player because by all accounts Fulham have been interested in him for some time now?

He comes from a good footballing pedigree, one brother plays for Boro and his twin Burnley - there is football stock in that family so Fulham are basing things on that.

We have clearly, for me, seen that he has talent in his cameo outings but I guess in many ways, up s**t creek or not, accepting a £500,000 offer from a higher league club for a player that has a very limited history of football behind him is not the worst thing to ever happen, and other - dare I say bigger and better - clubs would have done the same, right?

Maybe the option of him returning on loan down the line is there to benefit all, assuming we have a club down the line...

In many ways we are 'damned if we do' and 'damned if we don't' as far as departures go today.

By selling the limited assets that we have we may well raise the money to pay off HMRC and stave off their winding-up petition but the monies generated today will soon be swallowed up by the other costs of running a club and it will not be long before HMRC are due PAYE again, so the likely scenario - unless an owner steps forward - is that another WUP is issued not too far down the line?

Also by selling these assets an already less than appealing proposition, Portsmouth Football Club, becomes even less tempting to a 'potential' buyer.

If we do not sell off players then the club literally, and it seems that way already, cannot continue to function as a going concern, but would it just be a delaying tactic...

Whatever way you turn, and however you look at it, it is looking - sorry to be bleak and/or pessimistic - like the number of grains of sand that this famous old football club has left to run are becoming few and far between so it is only a matter of time as to when, and not if, it is the end?

In a conversation that I had to my cousin yesterday morning my hopes were that we could get through January with all wages paid, it is then a case of 'he who blinks first' loses out. It was soon apparent that wages would not even be paid though...

My theorising was that if that was paid, by Balram Chainrai again or whoever, then the next 'test' would be what would his next move be?

He would then have to decide to cut his losses and reduce what he was asking as a return to mean a would be buyer could get the club much cheaper - a failure to accept such terms 'potentially' sees him losing A LOT of money, so he has to decide is it best to cut his losses and recoup less or literally nothing?

If wound up even a secured creditor will not get much, he might get Fratton Park but what would that be worth, and would he even be able to do anything with this land?

The way I see it should we go into that WUP hearing with HMRC and by the time that hammer comes down should we have not paid the outstanding PAYE then that is that, we are gone and will be no more!

There is no disputing what is owed, it is in black and white and no stay of execution would be granted this time round...

All sounds fine in theory, but my plan - even taking into account the latest 'blip' with unpaid wages - has one 'minor' floor!

PFC needs an owner, and sharpish...

Not only do we need to find an owner, we need to find one that not only wants to own Portsmouth Football Club but has deep pockets to be able to willingly 'write off' millions of pounds before the club is even on a level playing field. Even after that the chances of getting any return after that write off are debatable, if not limited?

If we have not already then I do think that it really is time that we start facing up to the fact that we are in 'difficult times' to say the least...

Anyway, back to today!

'If' we get through this day with minimal, or limited, damage player departure wise then would it be foolish to take a positive view on things and 'hope' that some good news is awaiting us?

Refusing to 'cash in' on players would tend to raise those hopes that something is in the offing, but if we do get to the end of this day with the limited assets that we do have having departed then I think my limited hopes that we can come through this 'crisis' will take another huge knock...

As was said to me earlier in a text today is a 'big day' that will 'tell a big story as well.'

Despite all of my thoughts above when all is said and done will a player departure or two really do much to save the club?

Selling a couple of assets would keep us afloat for a few more weeks but ultimately I cannot really see the departures of assets being of much benefit to PFC and/or having much impact on what will happen in the future?

The only real impact I think it has is that it makes the club an even less appealing prospect if the limited assets are gone!

So, we may as well take the 'sod it' attitude and keep them anyway, assuming - having not been paid - they have not, and you could argue fairly so, decided that is that and they want out...

If we are going out of business players will become free agents in a month or so anyway!

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Tuesday January 31 2012

Time: 10:43AM

Your Comments

According to Ipswich Pearce isn't at training this morning!!! Neither are Ryan Williams but he is Fulham bound and no show for Ashdown & Ta Ben-Hiam???
storagematt
I worked in a children’s home in an unnamed part of the country. .The land had a covenant on it that it must be used for children..it's now a housing complex with several houses in a plush part of the city...but how come??it had a covenant on the land..so what they did they used a percentage of the purchase price for children’s services, because the council in question no longer held any accommodation units.. For all the council in Pompey are saying..if BC and SG jumped into bed with a multinational like Tesco. I would not hold out much hope for any covenant, especially if they refurbished Hawks ground and therefore providing/ fulfilling their "covenant" obligagtion to provide football for the community..yes i know there is stuff about 36000 seater stadium etc, but once the example of Darlington's white elephant stadium is used...argument carried. I am not convinced about BC and SG’s relationship either way- they could be in cahoots or be deadly enemies who knows, but sadly I feel that we are at the end now of our club…I have spent a couple of weeks now thinking about very little else, especially with this Flu bug that has wiped me out..and I am physically and emotionally exhausted with it. I am hoping to be there Saturday, and meet Chix for a pint in the Rutland, but I fear this is the end of this version of POMPEY. I will of course support the AFC version, because unlike most of you guys I did not grow up in the City and have no loyalty affilliations in that sense. I currently live in Plymouth and have realised that Kids grow up supporting Utd and Liverpool , but because they are from Plymouth naturally support their home town club too-I therefore see that that is probably the same with Pomponians..but for me my dad took me to FP in the late 60’s and I was hooked.. every time I saw the name the badge, or any connection to the club I was overcome, and have had no interest in any other club..I have tried, but it was like going out with a girl you did not like that much.. So for me it is a case of The king is dead-Long live the king
plymouth graham
According to TWDT (here), an Ipswich fans site, Jason Pearce was 'reported' as missing training today?

Others, also said to be missing, were Tal Ben-Haim, Jamie Ashdown, Ryan Williams - who is off to Fulham anyway, Adam Webster - also pulled out of the England U17 squad – and Rocha John Rocha.

It is said that Stephen Henderson and Joel Ward were at training though...

Does this mean anything, is it something or nothing?

Well time will tell...
pompeyrug
UPDATE - Neil Allen, from The News, tweeted this: 'Spoken to the club who have looked into it and Pearce, Rocha and TBH are receiving treatment. Ashdown is in the gym!'
pompeyrug
From the East Anglian Daily Times... IPSWICH Town look like they will miss out on signing Portsmouth trio Stephen Henderson, Joel Ward and Jason Pearce ahead of tonight’s 11pm transfer deadline.

Blues boss Paul Jewell had a £1.75m offer for the trio of Pompey players rejected last week.

The precarious financial situation at the south coast club – a bank account frozen by HMRC yesterday due to an unpaid £1.6m tax bill – always left the door open for player exits before today’s 11pm transfer deadline though.

Keeper Stephen Henderson and the versatile Joel Ward both trained with their current employers this morning though.

And while Pearce was not spotted, a spokesman for the club says he was simply receiving treatment following his appearance in Pompey’s 3-0 win at Peterborough at the weekend.

A source close to Pearce has told the EADT and Ipswich Star they would be ‘amazed’ if a deal happened. They insist the defender – who professed his love of Pompey over the weekend – has not been told he will be sold.
pompeyrug
PG - Did you see the PM re my phone number ? Have a look in the forum ..
Chix
Nothing we didn't know there Ruggers .. I feel all we are gonna get today is the same old story churned over and over and over again.. Which if it meas nobody leaves .. then great !.. Williams has not signed for Fulham either yet ... and I do find all the olfd 'friendly' bit .. a tad odd ... looks like he was effectively 'on trial' .. Martin Jol might not be impressed ... I live in hope !
Chix
thanks chix.. i will check it out..I normally park some where between good companion and the Milton arms..a bit of walk to Rutland..any where nearer i can park
plymouth graham
Fulham have completed the signing of Ryan Williams
race
 

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