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Pompey announce 23 million loss
https://mail.paphospeople.com/ppforum/viewtopic.php?f=13&t=2505		 Page 1 of 1
Author:  Captain Fantastic [ Thu Apr 10, 2008 3:49 pm ]
Post subject:  Pompey announce 23 million loss
Quote:
Portsmouth announce loss of £23m

Portsmouth have recorded a loss of over £23m for the financial year ending 31st May 2007.

The club's wage bill increased to more than £30m as the playing staff at Fratton Park almost doubled.

The financial period covers the 2006-7 season, which saw Pompey secure their highest finish in the Premier League as they came ninth.

A Portsmouth spokesman told BBC Radio Solent that the results were in line with the club's expectations.


Sounds pretty bad, but they'll surely recover quite a bit of this from their FA Cup run and getting into Europe next year?
Author:  discopants [ Thu Apr 10, 2008 5:29 pm ]
Post subject:  Re: Pompey announce 23 million loss
Speculate to accumulate comes to mind.
They probably will accumulate and if they get into Europe they will attract better players.
Gary
Author:  smurf [ Thu Apr 10, 2008 11:30 pm ]
Post subject:  Re: Pompey announce 23 million loss
and there wage bill will be even higher this year,

portsmouth signings 2007-2008

Hermann Hreidarsson
Charlton
Free

Martin Cranie
Southampton
Free

Sulley Ali Muntari
Udinese
£7,000,000

Arnold Mvuemba
FC Rennes
undisclosed

Callum Reynolds
Rushden & D.
undisclosed

David Nugent
Preston NE
undisclosed

John Utaka
Rennes
undisclosed

Paris Cowan Hall
Rushden & D.
undisclosed

Sylvain Distin
Manchester City
Free

Glen Johnson
Chelsea FC
Undisclosed

Papa Bouba Diop
Fulham FC
Undisclosed

not to mention jermaine defoe (9m ish)

transfers out 2007-2008

Svetoslav Todorov
Charlton Athletic
Free

Daryl Fordyce
Unattached
Released

Collins Mbesuma
Bursaspor
Undisclosed

Andy Griffin
Derby County
Free

Jason Pearce
Bournemouth
Free

Asmir Begovic
Bournemouth
Free

Lomano Lua Lua
Olympiakos
Undisclosed

Jean-Francoise Christophe
Bournemouth
Loan

Dejan Stefanovic
Fulham FC
£1,000,000

benjani



they have signed a lot of players on high wages and not got rid of too many high earners (good job they getting loads of tv money and have gaydamak bailing them out for now)
Author:  Pete [ Fri Apr 11, 2008 12:02 pm ]
Post subject:  Re: Pompey announce 23 million loss
We spent that much on 2 player :shock: :shock:

I heard a rumour that Gaydamak was wanting to sell his shares in Pompey, is that true or just tabloid trash again :? :?
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