Comments on: Portsmouth sliding at an alarming rate http://soccerlens.com/portsmouth-sliding-at-an-alarming-rate/37104/ Football News Sat, 26 May 2012 11:49:32 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Glenn http://soccerlens.com/portsmouth-sliding-at-an-alarming-rate/37104/#comment-120597 Glenn Fri, 13 Nov 2009 10:15:49 +0000 http://soccerlens.com/?p=37104#comment-120597 Our ambition is the reason we are in so much debt...It is not about lacking in ambition but lacking in finance. Not all of that £70m is in the bank yet, football payments have always been staggered. The reason we are in so much debt was the huge wage bill we accumulated, we had near on 20 players on 50k+ a week with a stadium that barely holds 20k. The reason Paul Harts job is safe is because who else would want the job? Also we have only last 2 games in our last 6...which is better than Liverpool. (sorry for the dig) We are improving and we need to restructure our debt and spend closer to our means. Our ambition is the reason we are in so much debt…It is not about lacking in ambition but lacking in finance.

Not all of that £70m is in the bank yet, football payments have always been staggered. The reason we are in so much debt was the huge wage bill we accumulated, we had near on 20 players on 50k+ a week with a stadium that barely holds 20k.

The reason Paul Harts job is safe is because who else would want the job? Also we have only last 2 games in our last 6…which is better than Liverpool. (sorry for the dig)

We are improving and we need to restructure our debt and spend closer to our means.

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