Is anyone else not seriously concerned about our club’s current financial predicament? We are being out bid by the likes of Wigan, Oxford and Donny for our out of contract players. Every club has suffered during this pandemic, but Pompey more so it seems? We have got to cash in on the likes of Curtis, Marquis and Harness just to buy players who will more than likely arrive from league 2 and non league. League one if we are lucky. Just look at our first signing... a non-league 18 year old who joined us because of the opportunity to be in the first team squad! People are looking at him as someone for the future to send out on loan. I think the reality is he will be back up to Brown. Now linked to an Australian league player who at 24 has failed to set the world alight even in Oz.
Neither the Snooze or any other local media outlet is asking any real searching questions. Silence from the club is deafening.
Couldn't agree more. We are looking very sick indeed.
Can’t see any serious money being spent until attendances of 16k+ can be guaranteed.
Pompey don’t have a financial plight !
What we are now seeing is the logical conclusion of Eisner’s Business Model ie ‘We only eat what we kill’ which in reality means ‘We will only spend the money that the Pompey fans (through Season Tickets, Merchandise etc) and Sponsors are prepared to stump up’
Yes, there is some addition cash from EFL and TV as well.
In some of our competitors cases, perhaps the owners are prepared to put their hands in their own pockets (as opposed to into the fans and sponsors pockets) and provide the wherewithal to improve their squads and / or retain players they wish to keep.
Yes, in some cases the owners of clubs may try and borrow against the clubs assets but my own reading of the Financial Markets (in which I am heavily invested) is that, whilst the wall of cash held by the banks is very significant, they have much tougher lending criteria than in the past (most now look for back to back guarantees on club assets to owners assets if they will lend to football clubs at all).
In a nutshell, Eisner's model is as safe as houses for him as long as The Fratton Faithfull buy lots and lots of STs and merchandise and sponsors are attracted to the club, should ST sales and gates drop and sponsors become disenchanted then the business model may need to be seriously addressed.
Young Mr Dreyfus at Sunderland will possibly have a different business model to Eisner and maybe the new owners of Ipswich and Wigan as well, Pompey and it’s fans are stuck with The Eisner Model ad infinitum so we just have to suck it up !
Anyway, the greater majority of posters on this Board are entirely happy with The Eisner Model and Deepblue and ExGaffer will soon be along to tell us why.
In the words of the old song, Life gets tedious don’t it !
How safe will this business model look in a couple of years when we're struggling in the League Two relegation zone?
(05-06-2021, 09:34 AM)Wightblue Wrote: [ -> ]Pompey don’t have a financial plight !
What we are now seeing is the logical conclusion of Eisner’s Business Model ie ‘We only eat what we kill’ which in reality means ‘We will only spend the money that the Pompey fans (through Season Tickets, Merchandise etc) and Sponsors are prepared to stump up’
Yes, there is some addition cash from EFL and TV as well.
In some of our competitors cases, perhaps the owners are prepared to put their hands in their own pockets (as opposed to into the fans and sponsors pockets) and provide the wherewithal to improve their squads and / or retain players they wish to keep.
Yes, in some cases the owners of clubs may try and borrow against the clubs assets but my own reading of the Financial Markets (in which I am heavily invested) is that, whilst the wall of cash held by the banks is very significant, they have much tougher lending criteria than in the past (most now look for back to back guarantees on club assets to owners assets if they will lend to football clubs at all).
In a nutshell, Eisner's model is as safe as houses for him as long as The Fratton Faithfull buy lots and lots of STs and merchandise and sponsors are attracted to the club, should ST sales and gates drop and sponsors become disenchanted then the business model may need to be seriously addressed.
Young Mr Dreyfus at Sunderland will possibly have a different business model to Eisner and maybe the new owners of Ipswich and Wigan as well, Pompey and it’s fans are stuck with The Eisner Model ad infinitum so we just have to suck it up !
Anyway, the greater majority of posters on this Board are entirely happy with The Eisner Model and Deepblue and ExGaffer will soon be along to tell us why.
In the words of the old song, Life gets tedious don’t it !
The reason why is what is safe for Tornante is safe for the club too. They bought the club for a pittance because of the non-profit terms of the fan buyout and the £10m or so they have put in will be easily reclaimable if and when they sell. Until the ground rebuild actually starts or a championship campaign is funded they will have risked nothing, and more importantly the club will have risked nothing either.
If they sold today the club would be debt-free, and their ownership would have just meant a £10m donation to build a training ground, patch the stadium up to keep all 4 sides open, and get us through having little or no income for 15 months. That might not meet the ambition of people who want to spend big and load up the debt like we did under the likes of Gaydamak but we know where that leads.
Another reason we should be happy is that what we have got at the moment is what we voted for.
Sunderland's new owners sound like they will happily lose money, but the other league one clubs who outspend us will be doing so by loading up more debt onto their covid debts and no more than three of them can succeed so the rest will be left in deep trouble. They are welcome to that. The likes of Barnsley, Wycombe & Blackpool have proven that spending big is not the only way to get promotion out of this league - having good young managers and a team playing with spirit can work too so lets give our new management team the chance, and the support, to do that.
It’s much more satisfying to succeed without spending loads of dosh and it is also much more entertaining watching a team that is built rather than bought.
I don’t know why people are getting their knickers in a twist about us being outspent by ‘the likes of’ xxxxx (insert name of perceived ‘minnow’ club here). Let’s wait and see who we sign and what the squad looks like before reaching for the Prozac ffs
.
We don’t have a divine right to anything, success has to be earned.
I’m really looking forward to the new campaign.
What a load of rubbish, how blinkered are you, or is your real name Eric, like Mystic Meg said in previous outpourings, Pompey are going backwards and have done so for the last three seasons, PFC is going to be sold as soon as the Yanks can unload with a profit, can’t you see what’s happening, Catlin deserting a sinking ship, we can’t even compete with Peterborough in the money stakes, what type of team do you think we will be putting out this season to compete for promotion.
You need to get real, open your eyes to the situation and stop defending the pathetic reasoning of the clubs owners, unless you are happy to see another underachieving season Eric.
Since Covid and lockdowns hit we have indeed gone backwards. Our home form was key to success and since no crowds we have been dire at home.
The end of the previous season and pretty much all of last season we lost that advantage and fell away.
No one knows what crowds we will be allowed this season. Unlike many clubs we did not sell full price season tickets and give a pass for iplayer, maybe we should consider offering that option for the fans who want to see us splash the cash?
(05-06-2021, 01:38 PM)Mystic Meg Wrote: [ -> ]What a load of rubbish, how blinkered are you, or is your real name Eric, like Mystic Meg said in previous outpourings, Pompey are going backwards and have done so for the last three seasons, PFC is going to be sold as soon as the Yanks can unload with a profit, can’t you see what’s happening, Catlin deserting a sinking ship, we can’t even compete with Peterborough in the money stakes, what type of team do you think we will be putting out this season to compete for promotion.
You need to get real, open your eyes to the situation and stop defending the pathetic reasoning of the clubs owners, unless you are happy to see another underachieving season Eric.
We regressed last season for sure, but three seasons ... how do you work that out ??? Moving up from mid table to the playoffs one year, and then to the play-offs again without losing a game is hardly regression is it ? We've had 4 seasons under the Eisners and we made slow but steady progress in the first three of them.
I think we should spend spend spend. After all it worked for us before and never did the club any harm !!!
(05-06-2021, 01:38 PM)Mystic Meg Wrote: [ -> ]What a load of rubbish, how blinkered are you, or is your real name Eric, like Mystic Meg said in previous outpourings, Pompey are going backwards and have done so for the last three seasons, PFC is going to be sold as soon as the Yanks can unload with a profit, can’t you see what’s happening, Catlin deserting a sinking ship, we can’t even compete with Peterborough in the money stakes, what type of team do you think we will be putting out this season to compete for promotion.
You need to get real, open your eyes to the situation and stop defending the pathetic reasoning of the clubs owners, unless you are happy to see another underachieving season Eric.
Have you been on the sauce Meg?
Or maybe it’s the heat, perhaps a little shade might help.
If you can’t be optimistic when the sun shines, wtf are you like in the winter?
(05-06-2021, 02:43 PM)exgaffer Wrote: [ -> ] (05-06-2021, 01:38 PM)Mystic Meg Wrote: [ -> ]What a load of rubbish, how blinkered are you, or is your real name Eric, like Mystic Meg said in previous outpourings, Pompey are going backwards and have done so for the last three seasons, PFC is going to be sold as soon as the Yanks can unload with a profit, can’t you see what’s happening, Catlin deserting a sinking ship, we can’t even compete with Peterborough in the money stakes, what type of team do you think we will be putting out this season to compete for promotion.
You need to get real, open your eyes to the situation and stop defending the pathetic reasoning of the clubs owners, unless you are happy to see another underachieving season Eric.
Have you been on the sauce Meg?
Or maybe it’s the heat, perhaps a little shade might help.
If you can’t be optimistic when the sun shines, wtf are you like in the winter?
'FFS', exgaff. You forgot.
We are being turned from Proud Pompey to Poundland Pompey, everything is so two Bob with this lot.
If Tornante are sticking to player sales, ticket sales and merch for the transfer budget then this is how it's going to be until we have a 35,000 seater stadium, which best case scenario is 10 years away.
At this rate I give it 5 years best case before Pompey are priced out of League 1
Septic Peg - your credibility for commenting on the financial status of Pompey was totally destroyed when you confessed that all your figures are based on accounts only you have seen from some spurious source (you wouldn't know them, they went to another school).
Behave.