Date:Wednesday March 17 2010
Admin Andy is working on striking 'an unprecedented deal with the Premier League to guarantee the survival of the club,' according to an interview that he gave ESPN.
Portsmouth in talks to guarantee club's survival - here.
Quite what this 'deal' is remains unknown as he said he was: 'not at liberty to go into details just yet, but all I can tell you is that the Premier League has been extremely supportive of the club and the measures being put into place will have huge benefits.
'It will secure the future of Portsmouth, together with the other measures we have now put into place regarding cash flow. It means we are not being rushed into a sale of the club, so the process of selling the club will continue for a while.
'It is not even a question of proof of funds - we are looking for the people with the right credentials. The issue has been resolved, as we don't need a buyer in the short-term.'
Advanced payments of parachute money and players being sold, yet 'loaned' back to Pompey, have long since been mentioned and 'if' things are going as well as he says they are 'perhaps' these are the areas that agreements could have been, or could be, struck on?
Clearly, whilst the advancement of parachute money etc. will be a good thing to reduce some pressure on us, as would be the ability to sell players now, but we do also have to have an eye on the longer-term as well!
What happens when future payments etc. are needed, yet without money to come in what happens then?
It is essential that any planning is not just a 'short-term' fix that could in many ways just delay future problems? Also, as far as selling players now goes we have to keep the club as 'attractive' to a prospective buyer as we can and they will need to have some assets left...
All in all though, lets see what is going down - but at the end of the day Admin Andy has a job to do so he is doing it, part of the administration process is making calls that not everyone will like, but calls that are basically needed to be made.
If whatever deal he is doing can 'guarantee the survival' of Portsmouth Football Club that cannot be a bad thing can it!
PLAY UP POMPEY!
Date:Wednesday March 17 2010
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