Portsmouth City Football Club Ltd.

In 1996 Terry Venables became chairman after buying the club for £1, but by 1998 he had sold his shareholding Martin Gregory. In December 1998 Portsmouth went into financial administration and Milan Mandaric saved the club with a takeover deal in May 1999. In July 2004 the club was given the go-ahead for a £125m redevelopment of its Fratton Park stadium, a first phase seeing capacity lifted to 28,000 (from 20,000) and the second phase up to 35,000. In July 2006, Mandaric transferred full ownership of the club over to Alexandre Gaydamak, who in turn sold to Sulaman al-Fahim in 2009.

In 1996 Terry Venables became chairman after buying the club for £1, but by 1998 he had sold his shareholding Martin Gregory. In December 1998 Portsmouth went into financial administration and Milan Mandaric saved the club with a takeover deal in May 1999. In July 2004 the club was given the go-ahead for a £125m redevelopment of its Fratton Park stadium, a first phase seeing capacity lifted to 28,000 (from 20,000) and the second phase up to 35,000. In July 2006, Mandaric transferred full ownership of the club over to Alexandre Gaydamak, who in turn sold to Sulaman al-Fahim in 2009.

Turnover and pre-tax profit figures are in millions.

Financial Overview

Year
Turnover
Pre-tax profit
Wages / Turnover ratio (%)
Employees

2007/08

70.476

-16.882

77.6

635

2006/07

40.245

-23.452

91.7

703

2005/06

36.068

-0.912

68.8

495

2004/05

36.043

3.503

69.5

356

2003/04

39.813

3.356

64.2

281

2002/03

12.667

-9.270

 

144

2001/02

9.945

-5.571

97.3

 

2000/01

6.776

-6.404

 

144

– – –

– – –

– – –

– – –

– – –

1997/98

4.877

-1.508

102.7

99

1996/97

4.351

-2.145

76.0

98

1995/96

2.835

-2.793

 

91

1994/95

3.124

-1.821

 

85

1993/94

4.240

-0.143

 

94

1992/93

3.936

2.214