Portsmouth profit (2 Viewers)

Can't be many clubs actually making a profit outside of the Premiership !?

Ashdown said:

Can't be many clubs actually making a profit outside of the Premiership !?

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A few L1 clubs do I think, I know Walsall have made a small profit consistently over the last 5 years or so, barely any championship clubs make a profit.

Well done them, proves fan ownership can work

Covstu said:

proves fan ownership can work

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Think it's still a case of wait and see. The accounting period being covered they were still in receipt of parachute payments and also had to have additional funding from their high net worths which pushed fan ownership down to 49%. And of course after accounting for tax and interest on their debts they actually made a loss.

It's not a disaster that's for sure, certainly not compared to a lot of other clubs but I think it will be 2 or 3 more seasons before it can be declared a success. Their business plan had them in L1 now and the championship next season but they are struggling to get out of L2.

And of course predictably the infighting has started with trust members resigning and the fan base splitting behind who they support dependent on which version of events they choose to believe.

Covstu said:

Well done them, proves fan ownership can work

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It can in leagues one and two, where FFP rules limit spending, wouldn't work in the championship or above though. Last time I looked there where no clubs 50%+ fan owned a over league two.

Bury, wimbledon, exeter, wycombe are the other majority fan owned football league clubs.


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Wonder if he is divorced :bag:
Sulaiman Al Fahim: Ex-Portsmouth owner jailed for stealing £5m from wife to buy club