Search Results for: Pompey

Peter Storrie, Al Fahim and Pompey’s Unbelievable Level

This article first appeared on Pompeyonline in March 2011 and is part of a series aimed at chronicling the history of the club’s fall into administration. “One point two million pound a year, Peter? You’re havin’ a laugh, mush!” Immortal words, captured by Sky on 26 February 2010. A lone fan persuses Peter Storrie as he arrives at PFC offices on the morning the club was put into administration by Balram Chainrai. One fan speaking for Pompey fans everywhere that morning. As Chief Executive Officer of PFC, Peter Storrie was one of the highest earners in the Premier League. In August 2009 he drew down a bonus of £500,000 despite the club being in financial meltdown. His justification – ‘In January 2009, we were in a mess financially and I brought in an awful lot of money so Sacha gave me a £500,000 bonus.’(1) Helpful, when within a month, he was saying that the club had been, ‘very close to administration for nine of the last ten months.’ (2) Yet Mr Storrie maintained he was ‘just an employee’ doing as he was told. So you have to ask, is a CEO really ‘just an employee’? In most businesses, the Chief Executive Officer is employed to be responsible to the Board of Directors for the carrying out of the strategic plans and policies established by that board. As a member...

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Pompey Trust Prepares For The Worst

Portsmouth beat Birmingham City 2-0 at Fratton Park yesterday afternoon to reach the FA Cup finals for the second time in three years. This in itself is a remarkable achievement considering the absolute chaos that is unfolding behind the scenes at the club, but it seems likely that any financial benefits from this will be the equivalent of applying a sticking plaster to a gaping wound.

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Pompey Play Up

At first glance, Sulaiman Al-Fahim’s CV looks pretty impressive. Hold it up to any rigorous analysis, however, and it all starts to look a little more shaky. Mark Murphy is less than convinced.

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Morecambe: Many Questions, No Answers 

So … how many owners does Morecambe FC really need?  There’s a bit of a dog fight going on over the bones of the club at the moment. No one seems to know exactly who holds the majority of its shares.  Club Chairman (still), Peter McGuigan says he sold them to Brazilian Qatari resident, Diego Lemos who may or may not have paid for them via a holding company, G50, set up for him by Graham Burnard of County Durham.  Burnard claims Lemos has not paid for that service and has resigned as Director of the company, so in...

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Crystal Palace & Tony Pulis’s Payback Time

Another production at football’s theatre of the absurd. Tony Pulis, an ex-manager of about 47 clubs (for the purposes of this story, Crystal Palace), loses a huge legal battle because his chairman was seen at a hairdressers. And Pulis himself with little more than one hair for each club he’s managed. Not even Pulis could make it up, And he’s done a fair bit of that this year, according to rulings made against him by a Premier League managers’ arbitration tribunal in March. These were released on November 28th in a 32-page judgment by Sir Michael Burton (“sitting as...

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