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Potential Ukrainian owners back out?

I am no financial expert, far from it, but I remain unconvinced by Griffins, the 'rival insolvency firm', proposal - and really cannot see this as a serious and available alternative to that put forward by our administrators.

A best deal for the creditors is the administrators priority, whilst Griffins proposal certainly gives this I cannot see how this is a viable option and cannot give us a long-term future to repay this...

The concerns were always going to be that these 'claims' would put doubt among creditors minds, let alone anyone else's and according to 'the media hog' that is Admin Andy this has frightened off 'potential owners'.

A group of Ukrainian businessmen, who he says were 'front runners' and wanted to develop the club, have had second thoughts in the wake of this news: 'I've been on the phone to these people late into the night and at weekends for six weeks. I'm very angry that they have been so alarmed as to pull out on the back of this spurious proposal by Griffins.

'They are considerably wealthy individuals involved in new industry. I have been talking to three foreign parties and they were my preferred option.

'They were looking to buy the club and develop it.

'They were the front-runners. Now they say they may look elsewhere in England.'

If these guys, well any of these supposed 3 interested foreign parties, even exist and/or are/were serious then they can be talked round, if the CVA proposal is accepted then why would they not remain interested?

Will these 'others' not be miffed by Admin Andy's comments about the 'so-called Ukrainian's' being his 'preferred option'.

Can it not be next week already, this CVA meeting cannot come soon enough for me as we can then at least have a better idea of roughly where we stand...

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Thursday June 10 2010

Time: 1:58PM

Your Comments

Perhaps it's just a ploy by AA to get his proposals accepted. These administration firms seem to be as, or even more, devious that our own shady characters.
PFCblue
AA on the ropes and now looking to stir up trouble amongst fans and creditors. We need rid of this guy and quick otherwise his ego is going to be Pompey's downfall.
bluedr
AA becomes less professional and more suspect by the day.
007
This must be that open-ness and transparency.......just clouded in the usual AA fog! Sod the Ukranians, the Portsmouth faithful are the ones that will be failing to invest if this carries on!! I wonder if AA has the balls to admit how many season tickets have been sold yet, or is that expecting too much of transparency ?
BarneyArmy
Re Season tickets Barney Army, surely David Lampitt must gave something to say; about something. So far the man is as rare as an Arab sheikh. No idea if there was a Ukranian bid but AA is right the spurious Griifin bid does not help. As the chap said on the BBC, if there was 99p in the to be had Portsmouth Football Club would not be in administration.
russellm
Well done whoever's behind the Griffin proposal! I hope they're pleased with themselves. They probably are.
tracyc
 

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