Vital Football

Why I am putting up 100 for fans' buyout

Why I am putting up 100 for fans' buyout
I have been critical of the trust, but I'm going to support the buyout efforts, and this is why.

1. The club is worth saving. It is so very important to me & thousands of others. We should never lose sight of this point. This should be point 1 to 10 in my view.

2. I still have questions as to whether this will work, but by putting up 100, I can still walk away if I am not happy & only lose 2.50.

3. The Trust are amateurs. However, the club would be run by professionals - not the Trust. So Ken Malley won't be the fitness coach, nor will Jo Collins be the Manager. The hope is that Appy will stay as manager & people with experience in football will be brought in.

4. Although day-to-day decisions (e.g. Who to sign, how many pies to stock for half-time, etc.) will be left to the Exec board, the fans, i.e. The shareholders, will have the final say over big decisions, e.g. Whether to redevelop Fratton Park, etc. Exactly which decisions will go to the shareholders is yet to be decided, but currently we have NO say, but under this model we would have some. If we are unhappy with the board, we can vote them out at the AGM.

5. Even if the fans only get a 20% interest alongside a benefactor, we will have sight of the workings of the club. I.e. We will get to see what the finances look like before it is too late. Currently we have to wait for the Statutory Accounts to be filed, up to 9 months after the end of the year.

6. Milan Mandaric took 21m out of the club when he sold up. Gaydamak has bled the club dry with interest payments. All of this money would stay in the club under a fans model.

SO there are plenty of reasons to give it a chance. It may not work, but it is worth risking 2.50 to see if we, as fans, can do this.

There is currently c.1m in the pot which is much more than I thought we would get.

I say don't hold back. We don't have long. If you can afford 1,000 (I personally don't advocate fans taking finance for this) or can by clubbing together with mates, then give it a shot. You can pull out if you don't like what they come up with once they put their business plan together. I may well do that, but you've got to be in it to win it at this stage.

Written by Pompeytim and initially posted in the forum - click here.

The views within this article are the views of the individual who wrote and submitted this piece, sometimes solely theirs. They are not necessarily shared by the Vital Pompey Site Journalists.

Click here to make your prediction: Forest v Pompey.

Join the Vital Pompey Debate

Vital Pompey on: facebook Vital Pompey on: twitter

Join the Vital Pompey Forum Debate

Frippy's Virtual Bookies - here.

Writer:Pompeytim
Date:Wednesday April 25 2012
Time: 3:19PM

Comments

0
Mirrors the reason why I too put my money where my mouth is!!
eastneydave
25/04/2012 19:19:00
Page 1/1
  1. 1

Login to post a comment

Recent Portsmouth Articles

PST vote in favour of Eisner's takeover proposal

Michael Eisner's proposed takeover has gained in excess of 75% vote needed set down by the PST to approve bid, which means Tornante Investment Group is poised to complete a Pompey deal.

2016-17 Champions Review: January

The start of January saw two new arrivals from Hampton and Richmond. Pompey fans had been keeping an eye on Jamal Lowe but were pleased to hear he'd be joined by teammate Nicke Kabamba.

On this day in history...22nd May

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 22nd May.

On this day in history...21st May

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 21st May.

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)

2017-18 ST sales - will they...
Suggested By: pompeyrug
Be higher than 2016-1775%
Be lower than 2016-170%
Be about the same17%
Hmm, too soon to say8%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Portsmouth 46 26 9 11 87 39
P Plymouth 46 26 9 11 87 25
P Doncaster 46 25 10 11 85 30
4 Luton 46 20 17 9 77 27
5 Exeter 46 21 8 17 71 19
6 Carlisle 46 18 17 11 71 1
7 Blackpool 46 18 16 12 70 23
8 Colchester 46 19 12 15 69 10
9 Wycombe 46 19 12 15 69 5
10 Stevenage 46 20 7 19 67 4
11 Cambridge 46 19 9 18 66 8
12 Mansfield 46 17 15 14 66 4
13 Accrington 46 17 14 15 65 3
14 Grimsby 46 17 11 18 62 -4
15 Barnet 46 14 15 17 57 -7
16 Notts County 46 16 8 22 56 -22
17 Crewe 46 14 13 19 55 -9
18 Morecambe 46 14 10 22 52 -20
19 Crawley 46 13 12 21 51 -18
20 Yeovil 46 11 17 18 50 -15
21 Cheltenham 46 12 14 20 50 -20
22 Newport 46 12 12 22 48 -22
R Hartlepool 46 11 13 22 46 -21
R Leyton Orient 46 10 6 30 36 -40
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Portsmouth Results (view all)

Portsmouth Fixtures (view all)

Vital Members League Table

RankNamePoints
1.pompeyrug178
2.PompeyFrippy44
3.storagematt41
4.pompeyweller26
5.Copnor4321
6.eastneydave21
7.stubbsy00715
8.Jimsmithswig10
9.FrattonBlue8
10.uspompeyfan4
Vital Football Comment