It got me thinking about how much money has been spent over the seasons and how much has gone out of the club. This can be explained by totalling the known expenditure via Transfermarket.co.uk (these do exclude loan fees and undisclosed fees, as these are unknown). So without beating around the bush too much lets knuckle down to the expenditure.
ALL THE STATS ARE APPROXIMATES!
Here is a line graph tallying the expenditure since Harry Redknapp took charge of his first full season in 2002/03 title winning season right up to the current season.
As we can see there is a steady increase for 3 years and then a large spike. In the early days Redknapp signed a lot of free transfers, astute signings, such as Merson, Festa, Hislop, Sheringham etc.
Then as Gaydamak starting influencing the club with his part ownership the money started to be splashed, with a whopping £51m being spent in the 2007/08 season, the year we won the FA Cup. In that season was such large signings such as David Nugent (£8m), Jermain Defoe (£8.84) and Sulley Muntari (£8m). Large signings for a club with a stadia of 21,000! Alarm bells should've been ringing around this time, but the FA Cup glory and the prospect of playing in the then UEFA Cup was quelled by this.
The gradual change towards the end of the Premier League glory days is noticeable, in 2008/9 this high £23m transfer spend would've been smaller if Crouch hadn't cost a highly inflated £12m! The best season for signings is 2010/11 with Cotterill and Lampitt's good transfer savvy bringing in free's and loans that helped get the club through the season. Then this season it's spike through the investment of Convers Sports Initiative which helped strengthen the squad but without getting rid of the high-earning deadwood that it inherited causing problems after the companies collapse in November 2011.
I will come onto signings later in another blog, that might take some more time to research.
So now moving onto the sales over the past 10 years! This is a lot more different to the first graph, a lot of players were released on free's rather than sold, maybe due to the nature of their contracts back then.
As you can see the outgoing sales starts of very small, there are a lot of releases in the earlier part of the graph and starts spiking around the FA Cup winning season and after it. The 2008-2010 period saw a lot of the huge talent in the Pompey squad leave, Diarra leaving for Real Madrid for £19m, Glen Johnson to Liverpool for £18m, Defoe for £15m etc. These helped ease huge loans taking out against the club by Gaydamak in the run up to the FA Cup triumph, it also helped 'manage' debt after the Russian's sudden lack of financial input after the 2008 financial crisis. After relegation from the Premier League the club shaved it's high earners and talent to the highest bidders, some players did well after leaving, some not.
Now lets look at the two graphs together, they make for an interesting comparison;
That shows how the club gradually peaked in the 2007/8 season with the FA Cup winning side, one of the best Portsmouth sides to grace Fratton Park since the Double First Divison winners in 1948-50! But this quickly fell apart since 2008. From buying £51m worth of talent in 2007/08 we then almost sold the same amount of money in the next season! The huge amount of money going out is mind-boggling, it shows how much of a financial black hole the club was in, if £105m worth of player sales still create a £80m debt hanging over the club it does raise issues of where the money went, or how bad our debt levels were to begin with!
It does show the sad decline of the club over the past few years, seeing the names that we bought and the players we had playing for us over the years make me wish we could do it all over again sometimes. I will always take the FA Cup win over being relegated allways, the way it made the whole city proud of the club, it was pure estatic pride when Sol Campbell lifted the FA Cup to the sound of 'Play Up Pompey' ringing in the background, the sight and sound of that will stay with me forever!
When Sol went up to lift the FA Cup! We were there! We were there! |
and the reply!
If anyone is wondering who I compiled into these graphs here is the list and their approximate transfer price;
Transfers In
2002-03
Richard Hughes- £70k
Matthew Taylor- £530k
Vincent Pericard- £530k
Deon Burton- £330k
Total £1.45m
2003-04
Eyal Berkovic- £660k
Ivica Mornar- £530k
Richard Duffy- £400k
Dejan Stefanovic £2.2m
Amdy Faye £1.95m
Sebastien Olszar- £176k
Petri Pasanen- £260k
Total £6.2m
2004-05
Valery Mezague £440k
Aliou Cisse- £396k
Ricardo Fuller- £2.2m
Lomana LuaLua- £1.98m
Total- £5.1m
2005-06
Brian Priske- £660k
Benjani- £5.3m
Emmanuel Olisadebe- £440k
Franck Songo'o- £330k
Andrew O'Brien £2.64m
Dean Kiely £220k
Jhon Viafara- £2.11m
Total £14.498m
2006-07
Andrew Cole- £660k
Lauren- £484k
Niko Kranjcar- £3.96m
David James- £1.5m
Djimi Traore- £1.2m
Total £8.08m
2007-08
Jermaine Defoe- £8.14m
David Nugent- £8m
Lassana Diarra- £6.2m
Glen Johnson- £4.8m
Papa Bouba Diop- £4.4m
Danijel Subotic- £350k
Adda Djeziri- £27k
Arnold Mvuemba- £1.7m
Sulley Muntari- £8.8m
John Utaka- £8.8m
Total £51m
2008-09
Younes Kaboul- £5.5m
Nadir Belhadj- £3.9m
Hayden Mullins- £2.1m
Peter Crouch- £12m
Total- £23.5m
2009/10
Kevin Prince Boateng- £3.9m
Kevin Prince Boateng- £3.9m
Mike Williamson £2.1m
Tommy Smith- £1.76m
Total- £7.76m
2010-11
All free transfers
2011-12
Luke Varney- £750k
Jason Pearce- £400k
Erik Huseklepp- £2.2m
Greg Halford- £880k
Total- £4.2m
Transfers Out
2002/3
Shaun Derry- £530k
2003/4
Boris Zivkovic £176k
2004/5
Kevin Harper £66k
Rowan Vine £330k
Nigel Quashie- £2.77m
Amdy Faye- £2.65m
Total sales- £5.82m
2005/06
Yakubu 8.58m
Ricardo Fuller 132k
Total sales- £8.71m
2006/7
John Viafara £220k
Brian Priske £880k
Total sales- £1.1m
2007/8
Gary O'Neil £6.60m
Benjani £4.57m
Matty Taylor- £4.2m
Lomano Lua Lua £3.6m
Collins Mbesuma £330k
Dejan Stefanovic £1.3m
Total sales- £20.6m
2008/09
Pedro Mendes- £3.3m
Lassana Diarra- £17.6m
Jermain Defoe- £14.43m
Sulley Muntari- £13.2m
Total sales- £48.53m
2009/10
Sylvain Distin- £5.72m
Younes Kaboul- £5.2m
Asmir Begovic- £3.3m
Niko Kranjcar £2.46m
Glen Johnson £18.04m
Mike Williamson £968k
Peter Crouch £9.24m
Martin Cranie £880k
Total sales- £45.81m
2010/11
Kevin Prince Boateng £5.02m
John Utaka £440k
Nadir Belhadj £3.7m
Marc Wilson £3.2m
Papa Bouba Diop £270k
Matt Ritchie £265k
Tommy Smith £1.65m
Total sales- £14.55m
2011/12
Nadir Ciftci £160k