Date:Friday October 2 2009
Just when we thought things might be turning around for the club the closing part of this week has been another nightmare with the 'chaos' at Fratton seemingly spiralling out of control - clearly the media have put that extra spin on things, but lets face it things are not looking good...
There is all sorts of talk about this and that, as we have all seen, and talk about the premier league taking control of the club as they assert their authority with new rules recently brought in, PFA talking about the payment of players and how they have been assured that this will be met in the next 24-hours etc.
Among all this SAF is being 'reported' as telling The Guardian - again though SAF why not be saying these things on the official website, even if you might have touched on them at the recent meeting - that the £50m loan he is chasing as investment into the club will be his 'personal responsibility' and not another debt to the club: 'I am feeling sorry for this big club with its heritage to be in this situation. I am finalising the £50m finance to save it.
'It's from the USA and [is] secured by myself and comes as an investment from me to the club. I am taking the loan on my security and my liability, not the club.
'It's not a loan to the club but a loan to me. Which means the club will have an investment from me and I am personally responsible for the debt.
'And it's from an international financial institution. But I am working with their USA office.'
Do not feel sorry for the club SAF just do what is needed to sort it out.
Although, whatever his status is, money or not, he clearly seems to have bitten off more than he can chew and I suspect he bit off a few things that he did not know about, things that have been passed on from owner to owner that have only gotten worse over the years...
I am always wary of people saying they are 'offering a gift' kind of thing, as we all know you do not get something for nothing, do you!
Further 'reports' coming out the past 24-hours or so 'say' that the Faraj brothers helped 'bail the club out' with the wages situation? Quite how true this is remains to be seen...
What does seem to be getting clearer is there is an increasing likelihood that the Saudi brothers will add investment to the club with SAF 'reported' to be keen on further talks with them about investment, again something he discussed last week: 'I was always open for any investors if they will add value, no matter who they are.
'I need people who want to stay with me and the club for the long term.'
We all want stability for the long-term, and if the Faraj's can help him to bring this then we have to hope and pray that something can be arranged, as if it cannot it might not be the long-term that we need to be worrying about...
PLAY UP POMPEY!
Date:Friday October 2 2009
On this day in history...17th April (Thursday April 17 2014)
Toast Special - The run in (Wednesday April 16 2014)
On this day in history...16th April (Wednesday April 16 2014)
Ferry out for the season? (Tuesday April 15 2014)
On this day in history...15th April (Tuesday April 15 2014)
Confidence matters (Monday April 14 2014)
On this day in history...14th April (Monday April 14 2014)
On this day in history...13th April (Sunday April 13 2014)
Toast 7#36 - Daggers put to the sword (Sunday April 13 2014)
Stats: Dagenham v Pompey (Saturday April 12 2014)
|Dag & Red||1||-||4||Portsmouth|
|On this day in history...17th April
» Portsmouth : 17/04/2014 07:00:00
|Better Squad And Better Belief
» Northampton : 16/04/2014 21:22:00
|Striker Fancies Himself For Goals
» Northampton : 16/04/2014 21:20:00
|More Of The Same
» Morecambe : 16/04/2014 21:19:00
|Left-Back Out For The Season
» Burton : 16/04/2014 21:16:00
|Coker Delighted With New Deal
» Southend : 16/04/2014 20:36:00
|Turn Up Numerically And Vocally
» Hartlepool : 16/04/2014 18:50:00