It was really bad news for football when it was announced yesterday that Portsmouth Football Club may go out of existence soon.
There has been some late disagreement between the Administrator Andrew Andronikou and one major creditor Alexandre Gaydamak, and the statement said that the future of Portsmouth FC is now in jeopardy.
Portsmouth were founded way back in 1898, and the statement issued yesterday said that Gaydamak had demanded a large up-front payment, if the club was to exit administration, and since Pompey don’t seem to have that money, it has put their future in danger.
We all know how some clubs in the last several years have been run with a kamikaze like attitude to financial management, and there’s something not right about millionaires buying clubs, simply to make money out of them, and the recent antics by Liverpool’s former owner Tom Hicks seemed to give human beings a bad name, because of his complete greed.
But we feel sorry for the Pompey fans, who let’s face it are just terrific, and they just love their football club and Portsmouth is very like Newcastle – because in the local community the club has a huge influence on the town – it is the town.
We hope this can all be sorted out, but the sooner UEFA Present Michel Platini brings in his new financial fair play measures – the safer a lot of clubs will be, if only because they are literally forced into being financially sensible.
Portsmouth have been Champions of England twice, in the successive years of 1949 and 1950, and have won the FA Cup twice, most recently in 2008, beating Cardiff City 1–0.
To get an idea how Portsmouth fans must be feeling right now – just imagine if Newcastle United FC were to go out of existence.
You see what we mean.