Source: Daily_Mail
As Pompey collapse and Chester kicked out, Stoke announce: We're debt free
Stoke City have announced that they are externally debt-free on the day that Portsmouth went into administration.[LNB]Free from debt: Tony Pulis has praised the Stoke City owners[LNB]Figures announced for the year 2008-09, the club's first season in the Premier League, show the Potters made a net profit of £503,000 at the end of the last trading year, after transfers, and had an increased turnover of £54m - up from £11m in their last season in the Championship.[LNB]Boss Tony Pulis, a former Portsmouth boss, said: 'This is a great testament to the Coates family, who have put so much into the club.[LNB]'The chairman, Peter Coates, has been a fan since his boyhood and he knows this club inside out. He and his family have put so much into the club.[LNB]'This is a family club, run for the fans, and by local people. There should been an inquiry into how Portsmouth has been run.'[LNB]The Coates family have already invested £17m, interest free, and plan to inject another £24m. Pulis said: 'It must be unique for a club like us to be free of external debt, and that underlines how indebted we are to the Coates family.[LNB]'The most important thing about this club is that it stays in existence, we have had success on the pitch to match the investment.'[LNB] STOKE v Arsenal: Abdoulaye Faye and Andy Wilkinson both return from suspensionAdebayor adds to Man City woes as striker lands four-match suspensionPortsmouth docked nine points as administration plunges cash-strapped Premier League towards relegationChester City dumped out of Conference but League Two Bournemouth could be safeStorrie ends Portsmouth chapter: Chief executive to resign from crisis clubSTOKE CITY FC
