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Vega bid knocked back?

Vega bid knocked back?

According to 'reports' late on Monday in The Telegraph, and then The Times, an official approach for ownership of Pompey has been made by Ramon Vega, or at least his group, but this offer was rejected by Sacha Gaydamak.

It is said that the offer made was deemed as 'unaccepted' by the current Pompey owner with the Swiss front man of the group told that he has '7 days to come up with a new bid'...

Quite how much Sacha is holding out for is something that only he knows, some 'reports' have said that he wants around £40m-£50m - so basically his money back - whereas other 'reports' have suggested that his desire to hand over the reigns to someone that can take us to the next level would see us sold 'cheaply'. I am not so sure about that, even if he really has 'fallen in love with the club', as is the suggestion or the general belief, he is a businessman at the end of the day and will not take a massive loss will he!

Our debts and the day to day running costs of the club, which eat up so much of the clubs income, are also thought to be proving a stumbling block - again, quite how much these debts are is not known but it is said they are around the £40m mark, so if that were the case this group is looking at something around the £80m-£100m mark before any financial input into the club can be made, and this would be substantial to fund the proposed training ground and stadium - surely both projects that 'must' happen under new ownership? Without these areas happening there is never going to be a return on any investment - the training ground and stadium have become almost 'must haves' or we are highly unlikely to evolve as a club...

It is also said that Vega is refusing to make proof of his apparent finances that he has available actually available to Sacha, which must be something that is needed? With it also the belief that the former Spurs defender feels his group should be able to pay less for the club as they are taking on its debts, either way it is said that he 'remains confident' of gaining control of the club.

So, assuming that an official bid has actually been made for it to have been refused then by the end of this week/early in the next if the '7 days to improve an offer' stance is true, we will know if this deal is a 'deal or no deal' pretty soon!

I feel that the months ahead, not just on the pitch, are critical to Pompey's future. We cannot sell to just anyone, we must get this right and its almost a must that they can fund the training ground and stadium, but 'if' we cannot sell by the time pre-season is back in full swing then it is almost certain, dare I even say inevitable that further departures 'will' happen - even when, not if, we stay up - and I am not trying to be a doom monger or pessimist, just what I think is a realist...


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Date:Tuesday February 24 2009
Time: 8:46AM


Rug I think you watch too many early-evening box-based Channel 4 programmes. Seriously though, I just want to stay up, and I'd rather they wait until the summer for all this!!
24/02/2009 09:04:00
'early-evening box-based Channel 4 programmes?' i dont get it?
24/02/2009 09:19:00
The way forward is of course crucial but survival in the Premier League is paramount. I agree with Gino that these things are clouding the issue but Sacha needs to sell and I hope he is more worried about the right party rather than the right price.
24/02/2009 09:21:00
Rug... This seven days thing seems a bit arse about face to me. It's usually the buyer that dictates on an offer, especially in this present economic climate. I haven't heard of prospective buyers queuing up to buy the club. We as fans have to stand on the sidelines and watch, hope and guess, what hard nosed business men have planned for us. The dream scenario of local boy made good and wanting to take his team to the stars, rarely, if ever happens. We do need someone with vision who wants to come in and push the club forward, as well as cutting a good business deal. If this does come off and Vega pays off the club debts is there going to be any money to be able to do that. Maybe Sasha is unconvinced by that and truly does want what's best for PFC...
24/02/2009 09:22:00
Just a little joke about another 'Deal or No Deal' reference!
24/02/2009 09:29:00
I guess we just have to sit and wait as always. I am sure there is probably something else happening behind the scenes as well.
24/02/2009 09:36:00
Surely we have some billionaire genuine Pompey Fan out there somewhere. O.K. sorry is he like Santa Claus and doesn't really exist. Terry Vegetables bought the club for a pound, how inflation grips us all. How bloody lucky can Sasha be - he buys the club and wins the FA Cup straight away. What would Manadaric have given for that. The Russian oil barons are losing money hand over fist, this could possibly be a reason for Sasha to want to get some more pocket money again !!
24/02/2009 10:14:00
that 'deal or no deal' reference - its become a new phrase of mine, and ties in with my deal or no deal series i guess... i honestly do not watch the bearded ones tv show tho.
24/02/2009 10:22:00
sacha has been good for pompey, and of course pompey good for sacha, but if he does not move on then we will only go backwards - more players will be sold and 'when' we survive this season we will struggle again in the next...
we need someone to come in and be able to offer us the stadium and training ground and the like that we need to move on, if vega is the man to do this so be it. his history with football makes him a good candidate, but can he back up his proposal?
24/02/2009 10:26:00
I'm not sure of the best way to take the club forward but I can't see anyone coming in and wanting to throw money at the club in the current financial climate. Sacha will do well to get his money back and success for us would be to stay in the Premier(ship?) with a better bank balance
24/02/2009 14:25:00
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