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Nothing changes?

With the high court today asking for proof that a 'shadow of doubt' cast on the validity of our administration be removed it would 'seem' that nothing changes at Portsmouth Football, and this will remain the case UNTIL this proof is given, or it is proven that this shadow cannot be removed...

Another 'eventful day' sees us basic 'none the wiser' as to what happens next, or where we are going - that feeling of 'limbo' remains, although it has cast doubts over some peoples involvement with the club, and just how active they should be, and how active others are entitled to be.

Although, if I am understanding correctly, if the 'validity' of the appointment of Admin Andy is being questioned between now and March 15th, or whenever this documentation needed is provided - before March 12th, does he actually have the power to do anything? For that matter does anyone, including the premier league, have power to make decisions or sanction things?

I assume this means that NO points penalty can be 'confirmed' in this time?

No staff, on-the-field or off-the-field, can be made redundant?

Players CANNOT be sold, as permission cannot be granted for them to be sold?

Loanees, if they were going to anyway CANNOT be returned?

If the validity of his appointment is being challenged then surely he is not, within this time period, able to make any decision that impact - positively or negatively - on the club?

So a decision on 'selling Fratton' to Balram Chainrai to then loan it back to us, which seems a different story to that the other week, is also one that cannot be taken yet?

As much as I do want to see the back of the premier league in many ways - financially we DO know this would bring us a lifeline - in this case we then have 2 league games to try and further claw back our current deficit, which stands at 5pts...

Birmingham (h) and Liverpool (a), with the FA cup game sandwiched in-between of course, are tough but if by some 'miracle' we could win both we 'could' possibly be 2pts above relegation - at least in theory, I guess that makes the Stoke defeat all the more important in terms of league survival as we 'could' have 'theoretically' been 5pts clear could we pull off these next 2 wins and had beaten Stoke.

Either way we will be points down once the penalty kicks in - assuming, as is likely it does.

All the time we are within touching distance and not losing these 9pts it gives the players hope, right? If we limp on another couple of weeks before anything is confirmed, even when it is if we are left in with a 'chance' albeit it an 'unlikely chance' to pull-off something they have 'something to play for?' It 'could' be 'as little' as 7pts, which looks better than the 17pts we had been faced with.

All the time this question mark over validity remains I cannot see how anything can be done as 'secured creditors' in many ways are not actually secured creditors, or might not be, so actions taken in order to bring in funds for them become more and more detrimental to the club so they CANNOT be allowed to take place, surely...

Then again I guess the door is left open, should loanees not have to return for example, for other clubs to question if they should be, or should have been, allowed to feature during this time?

Certainly many more questions, besides the ones here, about SO MANY things have been left unopened! In actual fact, indeed new cans have been opened with regards to questions over various other things!

Ultimately though, morally nothing should be allowed to happen until the courts have been satisfied that people making decisions actually DID have the power to make these calls that then resulted in others making calls on their behalf...

PLAY UP POMPEY!


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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Tuesday March 2 2010

Time: 4:25PM

Your Comments

I guess the stadium sell and lease back is a good thing in principal, i think it is a fund raising ploy and it will be sold back to any new owner for the 10 million rate; and lets be honest, it is at a current commercial bank lease rate, and the principal should diminish in cap ex given that property will rise in value again - one day - please god. I can also tell you that most companies work on a 2-3 percent annual rate on index this is commercially standard. I dont understand that last comment Rug, "morally" the Adminstrator should carry on as normal, lets be quite clear here, the administrator is having his reputation impuned by HMRC and so that they can wind us up; surely morally he is entitled to the presumption of innocence? In all honesty any court approved person would be there under HMRC pressure and more likely to wind the club up so AKYH if are a little bit biased towards pompey surviving then idgaf.
russellm
I agree that it has become even more of a mess than it already was, but I cannot believe that the judge (or even HMRC) intended to put everything on hold as that would mean delaying the very measures that are urgently needed to reduce the debt (whoever ends up being in charge). So I assume that AA will carry on with his cost reduction programme while his status is resolved. Presumably, if the Court eventually finds that the Administration is invalid, they might have somehow to unravel some of the action already taken. This could be a reason for the Court not to intervene. What the PL might do is another matter. They might conclude that - one way or another, whatever the Court decides about the validity of the Administration - there is "an event of insolvency", so they should go ahead and make their decision on points deduction. BTW on the point about the "independence" of AA, I did think it was strange that Chainrai should have rejected the Insolvency Practitioner appointed by the Court and appointed someone else with whom it now appears he may have some relationship. Perhaps he is regretting that decision now.
erithacus rubecula
earache rubik; I dont care if he's chanrai's love puppy as long as pompey survive
russellm
ok then, perhaps morally was the wrong selection of words - so lets say legally then? 'if' it is legally proven that chainrai might not have the ownership that he thought he did then legally admin andy should not have been appointed - granted it is innocent until proven guilty but how can he legally agree to 'selling fratton to chainrai' and 'terminating the contracts of player' or even 'selling players' if it could turn out to be that this is not a call he could/should have made?
if i were admin andy i would be a little careful, people often want a fall guy, his 'cocky i am the man' approach looked quite fragile this afternoon so if i were him i would be wary what i got myself into - this is a 'career maker or breaker' for him too...
pompeyrug
Oh my head hurts! It seems Pompey can't even get administration right! I can't get my head round all the ifs and buts and who's and whys and wherefores. But I have had a stressful day, thinking that we might get wound up today, and now the club's life has been extended another couple of weeks. Thank heaven for small mercies anyway.
tracyc
You can bet your boots though Tracy, we'll wait another couple of weeks and then something else will jump out of the cupboard. I'm just gonna shoot myself with a tranquilliser dart....
cornypomp
Shoot one this way Corny ;-)
PFCblue
This is giving us more time to find a new owner and if Cattermole's 30 day due diligence had/has started he could of been well down the road to owning us?
frattonbex
The more i read the more i cant get away from the the idea that money laundering is at the root of all this and our club has been done by it..i cant see it surviving in its curent form. I do think it will go bust and have to be reformed.. a new Portmouth Football club..maybe in the conferance. i dont think any onewill really want tobuy us in the condition the club is in. If we are relagated and have already spent the parachute money what do we have left to sell....I would not buy a club that had a reletively small (premier standard) fan base, no ground, no training facilities, no real youth set up, no decent players( they will go very soon what we have left) massive debts, ossible points deduction on the championship...and a sullied reputation...All that is left is THE FANS, everyone in football recognises that. I support the idea of an AFC Portsmouth in principle, but what would be best would be a brand new buisness maybe in the league 2 run by the fans, and enjoy our club in that level.
plymouth graham
From the BBC site: "Andronikou is continuing to press on with his work as administrator, however, despite the High Court hearings. "Everything is going according to plan and falling into place," said Andronikou. "The most important thing is now is to sell the club.
PFCblue
 

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