Portsmouth finances

[chrisstanley1987]

I'm currently doing a save as Pompey & I'm just into Jan 2010. Another big loan has been paid off, final 2 payments are due in 2012 so got a little break. Was wondering, club finances now state "in debt" which i've never seen before, worst i've seen is "insecure".

I got taken over by a consortium and they invested abit of cash into the club but nothing to help the debts & they taken all the debts on lol i've sold as many players as I can to help cut the wages way down, managed to get the likes of James, Ashdown & quite a few others on 1 year extensions and they want considerably less wages to my amazement! Been bidding for free transfers for next season so i've got an alright squad coming together, with the players i'm keeping future is looking bright!

Anyways, my question is, what happens now i'm "in debt"? Will the Chairman & board pump funds into the club do you reckon or can you actually get deducted 9 points if things go even more down the *******?

 

[StuW]

Usually you go into administration, and any valuable players will be sold for just over there value, until a buyer is found, there will be a transfer embargo.

 

[chrisstanley1987]

you kidding me? lmao :| but the chairman hasnt been here long & he said he wouldn't leave the club on his own violation!

 

[S.J]

Yep 2012 season 9 points deducted mate

hope this dont happen to you
good luck

 

[StuW]

well it wouldnt be his own violation. If a club goes into debt, an administrator is brought in automatically.

 

[chrisstanley1987]

Ah jesus! well i'm already bringing in a few free's next season! just hope this doesnt happen or i'm buggered, been lingerin round 8th-10th & I've sold quite alot :/ talk about this game being **** realistic! never been a club like this before..seems to give me an extra kick to carry on lol

Does an administrator actually come in like one has in real life?

 

[StuW]

yes, one will come in, sell some assets to 'balance the books'

 

[chrisstanley1987]

looking forward to this! talk about a good challange will post my updates come the end of the season in the story section, thanks for the help guys!

---------- Post added at 06:47 AM ---------- Previous post was at 06:35 AM ----------

Says the club has restructured its debt, got a gift loan so will see me through the season, thank god!