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Pulis lauds financially astute Stoke owners

Tony Pulis has hailed club owner Peter Coates for an encouraging set of financial figures on the day that Portsmouth became the first Premier League club to go into administration. Figures announced for the year 2008/09, the club's first season back in the top flight since 1985, show that the Potters made a net profit of £503,000 at the end of the last trading year, after transfers.

They also show that Stoke's turnover rose to £54m - up from £11m in their last season in the Championship.

The Coates family has already loaned £17m to the club, interest free, and they are set to invest a further £24m.

"They should erect a statue to Peter in this city for all he has done for the club," he said.

"This is a great testament to the Coates family, who have put so much into the club. We are indebted - the community and the club - to them.

"We are very fortunate that we have a local family whose interests are their local football club, and we are not being run by outsiders or people who have no association with the community.

"It is run by a family who have had connections with this club for a long, long time.

"We have a chairman who knows more about our history than anyone. He has been a fan since his boyhood and he knows this club inside out.

"The fact the Coates family run the club properly has filtered through to everyone.

"They understand where we are as a club, and we have had almost three remarkable seasons.

"It is fantastic that so much is now in place at Stoke," added Pulis, a former Portsmouth boss.

"This is a family club, run for the fans, and by local people. There should be an inquiry into how Portsmouth has been run.

"The most important thing about this club is that it stays in existence, we have had success on the pitch to match the investment."

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