Vital Football

Fan ownership?

Fan ownership?

It is something that has reared its head a few times but the 'potential' of Portsmouth football club becoming 'fan owned' has taken its first steps to realisation with a pledge scheme announced from The Pompey Supporters Trust being launched.

Could it realistically happen?

Well, only time would tell but do we really have any other options?

Personally I am as unconvinced now, as I have been for most of the past recent months, that any 'serious' bidder is out there, so there probably is not any other option...

This scheme is based on a pledge of £1000 needed, £100 of which is down-payable - with this secured, minus a 2.5% administration fee.

Can enough pledges be given for enough money to be raised though?

Again I do not know but without anything available, again I say do we have another option?

Next season will be a struggle, financially and potentially football wise, but with more of the 'big earners' out of contract at the end of the 2012/13 season then there is a 'decent' chance that PFC can be put onto a decent footing in the years after that with us run in a sustainable manor...

'If' serious monies can be raised and 'if' this can come off then the next questions are who actually looks to form a board and how will they run the club?

Some have had visions of someone(s) from The Trust board acting as 'owner' or 'chairman' making decisions, but realistically this is not going to happen is it, people qualified to do such things will be put in place but decisions to safeguard our future will be made.

How are the day-to-day running costs of PFC meet? Again this is a question that needs answering, but must have been seriously looked at.

Going back to 'getting enough pledges' for starters.

In this day and age £1000 is a lot of money, even if only £100 is down-payable now so it is a concern that getting enough will be tough?

As I understand, there is nothing to stop people 'clubbing together' to form a kind of 'mini consortium' of a pledge, so x-amount of people could make up this share pledge, right?

If 10 came in as one pledge then that is 'as little' as £100 each, just £10 up front and even though, for many, £10, let alone £100, is not to be scoffed at these days, I suspected many of us could still easily blow this - £10 for sure, maybe even £100 - fairly easily!

The floor with this theory of plan is that to reach 5000 pledges, alone, then these mini consortiums would consist of potentially 50,000 fans in total alone just to raise £5m, and that will not do much would it...

I suspect some people can afford more than £1000, so can they pledge more?

Everything else aside my major concerns are, well remain, all the while the likes of Balram Chainrai and Sacha Gaydamak lurk in the background we never know what 'hidden surprises' they have for us - so they need to be paid off to leave...

Until they go, and everything belongs to PFC again can we ever prosper?

I am still unsure as to what the score is with them to be honest.

I was under the impression that the remaining parachute payment money was earmarked to pay them off - does the next chunk that comes out fully pay off Gaydamak? And how much of what is left next season - is next season the last, or do we have more the year after? - pays-off Chainrai?

Then of course we have the issue of the land that Gaydamak owns.

Like I say until this, and everything else that should be owned by PFC again, is owned by the club then moves to make the club extra revenue, development of Fratton Park etc. incorporating areas to generate extra funds, cannot happen.

Clearly this is a complex situation, it is a difficult thing to look to achieve but is not impossible.

This has been, and will continue to be, seriously looked into with careful consideration having been given - it clearly is not as easy as 'lets buy the club' by any means!

In all honesty I could not pledge £1000, I cannot lie - I do not have this to spare...

Although I would certainly form a mini consortium with others though for us to group our funds together to make that £1000 pledge.

As much as The Trust can be knocked at times, I have in the past I cannot lie with some things, but can anyone knock the time, effort, commitment and dedication being put in to try and do something to safeguard our future - at least proactive steps are being taken to try and secure this!

Plenty of answers need to be answered, and I am sure that they will...

In the meantime more on The PST 'pre-share scheme' can be found - here.

PLAY UP POMPEY!

Click here to make your prediction: Pompey v Burnley.

Join the Vital Pompey Debate

Vital Pompey on: facebook Vital Pompey on: twitter

Join the Vital Pompey Forum Debate

Frippy's Virtual Bookies - here.



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

Writer:pompeyrug
Date:Friday March 30 2012
Time: 9:23AM

Comments

0
It is true that you cannot knock the amount of effort that these guys are putting in, but do they seriously think they will pull this off? Seeing that Portsmouth is pretty much a working class city, I can't imagine 100 fans having £1000 to give the club.

Based on the average 14,000 attendance and everyone having an average of £100 to put in. That is less than £1.5mil which won't even pay the wages. How do they expect to run the club?

I seriously think that if the Trust get there hands on the club that it will fold within months, perhaps weeks.

sneakay
30/03/2012 09:46:00
0
Hats off to the PST, but I 4-1 am not convinced they can achieve their aim, mainly because of the people in Pompey city not having that sort of money and that includes myself. If there was one person and Pompey fan who could put up a large amount of cash to bak the effort then maybe the PST could work otherwise I doubt it very much, I truly hope it does ome off however and maybe sometime in the future I could put some money in myself.
khodgkins
30/03/2012 10:23:00
0
The deal is £100 down and then the remainder can be paid off over a period - I believe credit facilities are in place. The possible option is that 'shareholders' will get big discounts on seson tickets for the next two season with the possibility that 2014/15 would be free. Of course that would all depend on what deal is done and and if another party is involved. When I find out more I will keep you all fully updated but I gather initial interest is significant.
eastneydave
30/03/2012 10:33:00
0
While it is true to say that £1000 is a lot of money, there are a lot of people in this city who have that kind of cash to invest. I will be putting my money in and I know a fair few others who will do the same. It all boils down to whether you want a football club or not doesn't it? I see loads of people who supposedly have no money wandering around smoking, drinking, driving to the corner shop etc. The average smoker spends well over that figure just killing themselves every year, so it's a matter of priorities.
Exgaffer
30/03/2012 10:41:00
0
One line in their statement I don't like. "it could be OUR club or no club". That's a bit harsh to put that as it is a form of bullying people into something, as they don't know that to be true? Birch says 2-3 interested Parties. That comment implies he's wrong!
Midge
30/03/2012 10:47:00
0
Hats offs and a round of applause from me.
FACup Triumph
30/03/2012 10:49:00
0
Rug Could it realistically happen? yes Well, do we really have any other options? probably not Can enough pledges be given for enough money to be raised though? months of research suggest that enough could be raised to set the ball rolling. who actually looks to form a board and how will they run the club? PST Board would be responsible for appointing an Executive Board of selected individuals who bring experience and a specific skill to the table, alongside a passion for Pompey. It might not include any PST BMs. The day to day running of the club will be by professional staff. How are the day-to-day running costs of PFC meet? We’ve had more than two years to gather expert advice on all possible costings of all possible scenarios from staff down to the price of paint for the white lines 'clubbing together' Nothing to stop this but remember the share would be in one name only (could be an individual or a group) Until they go, and everything belongs to PFC again can we ever prosper? ALL previous debts are the worry of the administrator (or if it came to it, the liquidator) not the purchaser. the price would reflect any agreed reimbursement to creditors. That said PST and their lawyers are carrying out due diligence. Four things to remember – your money can be withdrawn at any time – as Dave says, credit facilities are available – a deal will only be done if it is financially viable – its Our Club or No Club!
devonpup
30/03/2012 10:49:00
0
tbh sneaks i think that the club folding is very, very likely - this proposal, for me, is the only one that we have?
is it a realistically sustainable option - like i say i do not know but do we have another?
LOTS of questions need answering and i am sure that they will...
pompeyrug
30/03/2012 10:50:00
0
Sorry Midge, I've just used the same phrase - its Our Club or No Club. There does not seem to be any other serious bidder on the horizon. If anyone appears who is credible then PST would obviously consider all options.
devonpup
30/03/2012 10:55:00
0
Where does the money come from once this money is spent? its alright offering big season ticket discounts but this is reducing an income stream. They sight Wrexham, well they are in the conference, only happened 6 months ago, bet they haven't a player on £36k a week. Hopefully Birch using it to smoke out a better offer.
Jimsmithswig
30/03/2012 10:56:00
Page 1/2
  1. 1
  2. 2

Login to post a comment

Recent Portsmouth Articles

Done Deal - Smith in permanently from Swindon

The interest Pompey retained in Smith, with him 'in our sights' has resulted in him returning to the Blues on a permanent basis after signing for an 'undisclosed fee' from Swindon.

Cushioning the blow

Much, that needed saying, about Webster's exit for Ipswich and the arrival of Clarke in return (and cash) has been said hasn't it? Doyle's been spot on with what he said.

Swindon striker in 'Pompey's sights'

Michel Smith, who was of course on loan last season, could return? He's still in 'Pompey's sights' by all accounts after Swindon informed him he's 'surplus to requirements' now.

On this day in history...23rd June

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 23rd June.

Archived Vital Pompey Articles

Vital Pompey articles from

Site Journalists

pompeyrug
Editor email
Profile
eastneydave
Editor email
Profile
paultsmouth
no email
Profile
Chix
no email
Profile

Current Poll (see more polls)

Cookie has signed five player now. How many more until you are happy?
Suggested By: eastneydave
Just a keeper0%
Two 60%
Three 20%
Four20%
More0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Northampton 46 29 12 5 99 36
P Oxford 46 24 14 8 86 43
P Bristol Rovers 46 26 7 13 85 31
4 Accrington 46 24 13 9 85 26
5 Plymouth 46 24 9 13 81 26
6 Portsmouth 46 21 15 10 78 31
7 Wimbledon 46 21 12 13 75 14
8 Leyton Orient 46 19 12 15 69 -1
9 Cambridge 46 18 14 14 68 11
10 Carlisle 46 17 16 13 67 5
11 Luton 46 19 9 18 66 2
12 Mansfield 46 17 13 16 64 8
13 Wycombe 46 17 13 16 64 1
14 Exeter 46 17 13 16 64 -2
15 Barnet 46 17 11 18 62 -1
16 Hartlepool 46 15 6 25 51 -23
17 Notts County 46 14 9 23 51 -29
18 Stevenage 46 11 15 20 48 -15
19 Yeovil 46 11 15 20 48 -16
20 Crawley 46 13 8 25 47 -33
21 Morecambe 46 12 10 24 46 -22
22 Newport 46 10 13 23 43 -21
R Dag & Red 46 8 10 28 34 -35
R York 46 7 13 26 34 -36
Latest F1 News
Latest Vital Boxing News

Recent Portsmouth Results (view all)

Portsmouth Fixtures (view all)

Vital Members League Table

RankNamePoints
1.eastneydave14
2.pompeyrug13
3.Copnor4310
4.FrattonBlue8
5.Pompeyboosie6
6.mslorna485
7.Jimsmithswig3
8.Ronald Wilson3
9.storagematt2
10.Lemmi1