Date:Friday February 19 2010
It was my understanding that The Guardian was the paper to 'watch' for a potential 'good news Friday' article, although it 'seems' they have been beaten to the punch by The News who was carrying their own 'possible' good news late Thursday article...
The News 'understands' that a South African consortium 'has emerged as the potential saviours of Portsmouth Football Club.'
Consortium close to Pompey takeover - here.
It is 'said' that they 'see investment as a long-term commitment and have already factored in the possibility of playing Championship football next season' and 'the consortium - which is chiefly South African but also made up of other nationalities - are eager to complete before the prospect of administration.'
Not only that it is also 'said' that 'it is believed negotiations are well down the road towards finalising a takeover before the weekend is over.'
I would suggest that if you have anything that you can cross you do JUST THAT and cross it...
And now The Guardian HAS come out with their article.
Portsmouth pin survival hopes on fifth owner of the season - here
This is some quotes from it: 'Portsmouth could have a fifth owner this season after the Guardian learned that Endeavor Plan, a Hong Kong-based investment company, has viewed documents relating to the club's financial position and has informed Pompey's chief executive, Peter Storrie, of its interest in buying out the current owner, Balram Chainrai. It has suggested that 30 days' due diligence may be required before being able to complete.
'Endeavor Plan, said to have interestsin New Zealand, Hong Kong and the United States, received the documentation from Storrie, who has been conducting negotiations to seek a new buyer or fresh investment alone. He spoke to Endeavor's owner, the New Zealand businessman Victor Cattermole, earlier this week and Cattermole confirmed his interest in writing.
'It is understood that Endeavor has said that, should any buy-out be successful, the company is confident of clearing all debts to Portsmouth's creditors within a year. It is also thought that Endeavor's interest in buying was included in the statement of affairs lodged with the high court on Wednesday, before Her Majesty's Revenue and Custom's winding-up petition, which will be heard on 1 March. The hearing is for £12.1m in VAT, PAYE and National Insurance, though the club are disputing a sum of £7.1m in VAT.'
PLAY UP POMPEY!
Date:Friday February 19 2010
Does AA deserve the job? (Wednesday April 23 2014)
On this day in history...23rd April (Wednesday April 23 2014)
Toast 7#37 - six of the best (Tuesday April 22 2014)
On this day in history...22nd April (Tuesday April 22 2014)
Stats: Northampton v Pompey (Monday April 21 2014)
On this day in history...21st April (Monday April 21 2014)
Pompey predictions league update #43 (Sunday April 20 2014)
Stats: Pompey v Bristol Rovers (Sunday April 20 2014)
On this day in history...20th April (Sunday April 20 2014)
4 in a row almost seals safety! (Saturday April 19 2014)
|Dag & Red||1||-||4||Portsmouth|
|11. Dag & Red||44||14||15||15||-4||57|
|Smith Out For The Season
» Bristol Rovers : 23/04/2014 18:21:00
|Walton Appeal Rejected
» Hartlepool : 23/04/2014 17:50:00
|Moore Keen To Commit
» Wimbledon : 23/04/2014 14:34:00
|Bentley Gutted By Defeat
» Morecambe : 23/04/2014 14:27:00
|Does AA deserve the job?
» Portsmouth : 23/04/2014 12:58:00
|Jordan Back And Feeling Good
» Fleetwood : 23/04/2014 11:59:00
|Ref For Argyle v Hartlepool
» Plymouth : 23/04/2014 09:50:00