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Do not panic - it will happen!

It is easy to worry, to start shuffling a little uneasily with the amount of time that Dr SAF's proposed takeover of Pompey seems to be taking - but these things do take time, they do not happen overnight, granted ours seems to be taking forever but a date in July was always the date - from the time the deal was made public - that was targeted to be the completion date of those involved in the deal and for information that has been said to me by a couple of people, and nothing has changed ...

I think that The Guardian's title of the article they ran that mentions the time it will take to go through was misleading in many ways, but not in others.

Misleading as the deal is not in as much jeopardy as it might be made to look or in as much 'limbo' as it might seem but not misleading in some ways as far as the 'limbo' thoughts go - we are facing the prospect of being left in limbo as we cannot appoint a manager not to mention several players' contracts I would guess end at the end of this month, so what do we do? We cannot offer new deals as the new manager might not want them to stay, nor can we send them away as they might! The possibility of going onto rolling weekly deals could happen, but is that likely?

Now that is the limbo we face, and not so much a limbo stat for plenty that I expected to be released, but limbo for some that I hope we can keep...

Dr SAF's spokesman Ivo Ilic Gabara had this to say, admitting that the deal 'could' still fail to go through, but not saying it would not, to be fair they are just being honest: 'what I can tell you is that from the beginning the timescale hoped to complete due diligence (will be) in the course of July. Any due diligence process is open to any outcome. The due diligence process is a very serious process after which the two parties decide whether to complete the understanding that was reached (under) the memorandum of understanding.

'But then you have accountants, lawyers, the other party - how can you control whether the other party (the current owner, Alexandre Gaydamak) at the end of due diligence is still going to be interested in selling? What I can say is that Al Fahim very much wants to complete the process and the acquisition and sees a great future for the club.'

His people will 'meet the full requirements of the Premier League' to ensure that the fit and proper tests are past with it also said that 'if there are investors that fall within the criteria for disclosure under league rules we'll disclose them.'

This is a very complex process, that takes time and to be honest I really do not think that details of this from such an early stage were meant to be leaked when they were, the British media had no idea of this on-going deal so would they have, had it not been for arabianbusiness.com, who broke this - maybe with some 'hint' from those involved?

But any suggestion of this being a 'publicity stunt' were shot down though: 'certainly not. Whoever spoke about a publicity stunt?

'He was engaged to broker the deal (with City) which he did very successfully. This is a very serious (transaction) that also has social implications for the club and its fans for which Al Fahim has given very serious and very thorough consideration.'

Like I say this is a time consuming and complex matter, and I would imagine even more so with the new 'fit and proper persons act'.

Not to mention we are talking an 80m deal, or probably thereabouts - this is not small change and is bigger than anything that this club has ever seen, with the potential to offer us things that we have always needed but never seriously thought would be possible. Anyone buying into this needs to make sure they know what they are getting into and they also need to make sure they can prove to the premier league that they know who they are letting into our club!

As put to me in a conversation I had 'the man is spending tens of thousands of pounds just to proceed with the due diligence, he is serious but there is a process that needs to be followed.'

With another point we need to think about, and take into account highlighted 'we might remember all the mud that came our way when we didn't in the past and were regarded as somewhat of a dodgy cowboy outfit.'

I share the frustrations of everyone, I want the deal done but once again cannot but stress the need for 'patience'. We have July, and quite possibly mid July as a target date then 'schedules' will be met I am sure.

Of course, this is Pompey we are talking about so nothing is ever easy, so given past histories and false dawns that we have seen there will be a 'cautious' nature taken by many, and that is not a bad thing, but lets just keep it at cautious and not pessimistic - the deal will go through, but needs to go through right.

I do not really know much, if anything, about other deals going on so I am just making assumptions which could be well off but Sunderland might have seen their deal go smoothly, but, and like I say I do not know much about the deal they have done but I think the guy that had bought into them was already involved in some way with the club? Was he not already on the board with a certain percentage stake already? The West Ham deal appears to be a different type of deal and with Newcastle no longer in the premier league, if a deal goes through the 'fit and proper' rules might not be as stringent outside of the premier league, which marches to its own beat...

Like I have said before, the deal will go through, but as I keep stressing here, and have done in the past, it will take time.

If we could at least bring in a manager that would be a start, and hopefully all being well within the next few weeks - as the deal nears its completion we can at least do that to bring in another level of stability. Players being left in limbo is a worry and missing out on players, albeit free agents, is another concern as we could be missing a trick with some of these but what can you do...

I know that I would rather it took time and we got this done than be faced with the future we looked to be being faced with, wouldn't you?

PLAY UP POMPEY!

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Wednesday June 10 2009

Time: 11:44PM

Your Comments

You are making me feel better Rug. But July is a long long way off.
Gandor1
more a bit of an over tired ramble perhaps, and some is a bit hard to follow but i hope that the basic point of the message comes across and key points i try to make are picked up...
pompeyrug
Actually Rug, I do remember reading somewhere at the beginning of all this that Dr Saf's representatives said he would have the deal done in time for the beginning of the season. I thought it was a mistake at the time and just ignored it. I'm feeling better and better!
Gandor1
C'mon how long does it take to buy a 100.000 house..weeks and weeks...July is reasonable...lets hope man city has'nt bought all the players and Glenno not left for champoins lg footie
plymouth graham
It would take me many years of student scrounging to buy a 100k house. I suppose the same would happen were I to buy a Premier League football club.
Lysimachus
Obviously something that does take a long time but time is also of the essence for firstly bringing in the new manager, letting him assess the squad, offer new contracts and try to get in the players he thinks he needs when most of the good ones currently available will be training with their new clubs by then. Could still be a tough season even with the new riches available.
TeddyLyon
Your speaking sense Rug! I personally think it will be done before July, as you can pretty much garauntee they have quoted worst case scenarios. But as yu say, its been July from the beginning, even when Strorrie was nattering on the Quay & couldn't name the interested parties!!
CharlieChimes
I know its true, but I still get visions of Michael Knighton juggling a ball on the Old Trafford pitsch!
paultsmouth
Its just typical of NotGreat Britain i'm affraid. Doom and Gloom. Read the book called the secret, and it makes real good sense, who bad gloom atracts gloom, and god, is the British Press good at that, brought on by people only buying papers with bad news. So as the book says gloom breads more gloom, so read into it what you want, ignor most of it, look in the mirror, smile and have a good day. It wont change anything going on at the club, in the world, or with your family... But you'll have a happier day, an can then pick the bones out of what rubbish the tabloids write, what rbbish the Radio decide to broadcast, and sit back and have the last laugh as MOST of their stories and rumours fall by the way, one by one. Happy Day people, enjoy and ignor the ramblings.
Midge
Sorry for mispellings abouve Who bad gllom, should have read, How bad gloom....
Midge
Let's not forget that a lot of Sashas money is warrantied and bonded by banks in notoriously difficult places to deal financially like Israel, South Africa and even worse the society anonomy's of France. I think Rug is right we should keep cool whenever it happens we will be in a better position than end of the last season. It's possible it may not happen but I think it will Dr SAF would lose all credibility if it fell through now.
russellm
i shalln't be happy till it's signed sealed and delivered, as a Pompey fan i've had the rug pulled from under my feet too often. so i'm afraid i shall continue to panic until the deal is done. one story recently said that both Newcastle ands West Ham tried to hijack the deal and yet West Hams deal went through earlier this week, either the story was a lie or maybe they can move a bit faster than Pompey can.
Steve C
For some reason I was under the impression that the DD would take a couple of weeks. I was unaware that July was the original time scale. Of coarse in the void, the media will try and pick this story apart with horror stories but what else can we do other than try to remain optimistic. There are obviously things going on behind the scenes that will remain out of the public eye. For all we know, a manager may have already been given the nod along with the players we want to keep. Who knows!!! only time will tell.
cornypomp
We will all feel wonderful once it's all signed & delivered. The media pigs will dig up the dirt as bad news is their thing.
storagematt
It's just thumb twiddling time really. Patience will see us through.
sneakay
Fingers crossed, thumbs twiddling whatever it is a nervous time but I think it will go through in time.
eastneydave
hurry hurry hurry DON'T PANIC!!!
pompeycarpet
A source close to the Doctor has said the Doctor told fans not to worry & to be patient, Could this be you Rug ha! ha!
pompeyyong
We're doomed, Carpet! Doomed!
Lysimachus
can I just direct your attention here please guys? click here...
pompeyrug
I read that too Rug, It made me feel a lot better about the situation, & the fact that the Doctor's source said today that nothing wrong with the DD to date.
pompeyyong
I'm a natural worrier, its not my fault, I got it from my Mum, she's much worse than me! I will be so much happier when its all gone through. The thing is, Dr SAF, rich arab owner, buying our club, listening to fans, redeveloping FP, then a new stadium, UN ambassador - too good to be true! That worries me. So I'll be so happy when it all comes off! I was suprised by West Ham's takeover that just went straight through (Icelandic Banks?!?) I have to say I think they should be more worried than we are - I hope for their sake it'll all be OK. Its a bit like buying a house and doing a proper survey, because you want to do the place up and build an extension. If you don't bother with a survey, it suggests you're planning to knock it all down and build flats.
tracyc
I see PFC have put out a statement denying Shinowatra and some other dodgy characters are not involved with the buy out. Another SUN EXCLUSIVE... I'll just be so glad when this is all done and dusted...
cornypomp
the west ham ones are just there for the short-term tho arent they from the look of it, that deal prevented administration happening i think?
had we not got word of a takeover, we would have been worrying about it not happening, but at the same time would have been none the wiser about the DD taking place - takeover, on the whole, are not made public until this is done, that is why they usually go through so quickly.
pompeyrug
 

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