Date:Friday February 12 2010
The Mail is today picking up where The Mirror left off yesterday, they had said that we had requested an advancement on parachute payments - The Mail today now says that Richard Scudamore is prepared to let the premier league do this in order to pay off the Taxman, so long as the other premier league sides agree to this...
Clearly I do NOT want us to go out of business but I have to say that this does not sit that comfortably with me - it just seems that we are further delaying the inevitable, as what happens next time money is wanted? That time we might not have it coming in from outside sources, so, as I say it seems like we are delaying the inevitable?
It is plain to see that the ONLY chance we have of survival is someone coming in and saving us, but will they?
We 'claim' that we have 2 serious bids on the table, what I cannot quite understand is 'if' this is the case why are we looking for an advancement on this money from the premier league? Granted a takeover would not happen soon enough for us to be saved, but if a genuine offer, with a promise of this and that - and funds PROVEN to exit can be seen - then could this not be enough to satisfy the courts/HMRC?
Assuming these offers for the club will come - then perhaps this advancement is not a bad thing at all, although why will Balram Chainrai not advance this himself and then have this 'short-term' loan refunded to him when 'a takeover' goes through, better still could this 'potential owner' not loan the money to the club up front...
So, as you can see, my concerns are that this is a further delaying exercise with my biggest fear being that even after a further stay of execution, one that allows us to see out the season, the end product will be the same - there will be an end to it all! That said if it buys us a little more time, this is a little more time for that interested party to complete, or be found.
But again, will this saviour come?
This premier league 'lifeline', should it come, in many ways would not surprise me, but lets make it clear they ARE NOT doing this to save Pompey, they are doing this to save the premier league 'brand'...
Should we go to the wall the carnage it would cause would be catastrophic for the premier league, well for the whole of English football really! This is already teetering on the brink of collapse at some point in the not to distant future for me, unless things change, but our demise could bring this house of cards crashing down!
From a premier league viewpoint only, clubs 'could' be denied the title or survival as a result of us going, others 'could' then slip in an win the league or survive as a result - champions league places, and the money that goes with it, could be affected, uefa cup places might be altered. All signs, ultimately, point to 'money loss' for people, which is the main name of the game these days.
You would see clubs taking their fights through the courts for loss of revenue etc. I would imagine you would then see sides beaten by us in cup competitions seeking some form of compensation due to 'loss of revenue' as they will argue it 'should have been them' in this or that round...
This option is the premier leagues best option really, would it be ours?
Well, time would tell. As far as a club in existence goes, of course this means we limp on until May at least.
What I do know is they, the premier league, would be even more desperate for us to slip out of the 'top-flight' because then it is no longer their worry! Their worry is the immediate here and now, so with the thought that we are literally days from folding fast approaching I suspect that their pantaloons are filling faster than a child's nappy that has a heavy case of Montezuma's revenge...
PLAY UP POMPEY!
Date:Friday February 12 2010
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