Mounting debts

[braggyowl]

Top post roth...

[lansdowneoldskool]

Mandaric blames himself for the demise of his beloved Pompey:

http://www.portsmouth.co.uk/sport/pompey/mandaric-my-pompey-pain-1-3929187


https://dalyhistory.wordpress.com/2010/02/26/

[Rotherhamowl10]

Mandaric blames himself for the demise of his beloved Pompey:

http://www.portsmouth.co.uk/sport/pompey/mandaric-my-pompey-pain-1-3929187


https://dalyhistory.wordpress.com/2010/02/26/

He blames himself, but how was it his fault? how was he suppose to see 4 years into the future?

What happened at Portsmouth is the reason why Milan won't sell us to just anybody. The passion in that article from him tells you a lot about him.

[lansdowneoldskool]

A further season of losses since the figures came out for May 2013. 3 loans totalling 5m pounds on top of a fall in attendances of almost 11%. On a plus side Wendy are averaging 111 fans more per game in the championship than League One. No wonder Mandy wants rid.

[lansdowneoldskool]

Mandaric blames himself for the demise of his beloved Pompey:

http://www.portsmouth.co.uk/sport/pompey/mandaric-my-pompey-pain-1-3929187


https://dalyhistory.wordpress.com/2010/02/26/

He blames himself, but how was it his fault? how was he suppose to see 4 years into the future?

What happened at Portsmouth is the reason why Milan won't sell us to just anybody. The passion in that article from him tells you a lot about him.[/quote]

4 years? Mandy had Gaydamak in as co-owner before he sold it to him: - view external link

[Rotherhamowl10]

I thought we were discussing MM Portsmouth days?...or have you accepted that an article with the title 'Mandaric blames himself for the demise of his beloved Pompey' was very misleading and more of a 'if only I could have predicted the future and not sold the club to them' article.

£1.5m loan from Terry Brown, extension of a £2m loan from Zahavi and a £1.5m overdraft facility just to be clear.

As for your claim of 'further losses', you forget we haven't spent £1.7m on player registrations this term. The Helan and COG deals didn't happen until after May 31st - not 100% sure if the sale of COG was before this though?

The FA cup run will have made the club a healthy profit and match day ticket prices have increased, which will probably just about break even on the loss on attendance. So our next accounts should actually show a further reduction of losses.

Mandy wants rid as he is a businessman, unlike Mcsue he still has a return on his investment.The only people who throw money at foo

[lansdowneoldskool]

Have you not paid for any of your signings this year?

[Owler]

Have you not paid for any of your signings this year?

Of course we haven't, we've sent a IOU on a slip of paper.

[hirstyboywonder]

Have you not paid for any of your signings this year?

Not seen a great deal of you on here for a while, funny that.

As for our accounts, as has been pointed out to you in this thread, football clubs at our level generally suffer losses. In comparison to most of the division our accounts are actually quite good.
As FFP starts to take force, turnover and player wages ratio's are important.
With a turnover of over 14.9M and wages of less than 11.9M ours are going in the right direction and wouldn't be surprised if this has been reduced this season.

One club based near Sheffield city centre had accounts that showed these figures:
Turnover 8.8M, wages 8.8M.

They also showed loss of over 4M despite as their Chairman pointed out in his statement, being funded by 'significant personal investment' and having brought in a surplus of over 3M in transfers.

They do of course have a bog roll billionaire with funding said to be akin

[Rotherhamowl10]

Have you not paid for any of your signings this year?

Not to the sum of 1.7 million.