Grim Face, Grim Times for Pompey and Peter Storrie.Last fall, Pompey's precarious financial sitchu was sufficiently ludicrous as to be laughable, as in a football team can be managed by people without even a basic understanding of mathematical principles.
But that was then.
Now the club has been granted a "stay of execution," after it was revealed that Portsmouth are "insolvent" and owe Her Majesty's Revenue and Customs (a.k.a. GB's IRS) over 11.5 million pounds. Further, the club have a mere seven days to sort out their finances before heading back to court.
According to Peter Storrie, the team's beleaguered chief executive, Pompey are currently courting two serious bids for new ownership, which, if they go through, would mark the FIFTH time the club has changed hands this season. It truly never ceases to amaze me that the true dysfunction of the last placed side in the league should be found in the boardroom rather than on the pitch.
As an aside, it is worth noting that there is something positive to be taken from this ordeal, and that has been the conduct of Pompey's players. The boys in blue have not only proven themselves to be consummate professionals, but also tremendous sportsmen, continuing to play hard for their side despite not knowing if their wages will be paid. Indeed is a refutation of the cynical analysis of the modern footballer's playing motives, for, whatever else there is, it always starts and ends with love of the game.
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