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Moves for new owner moving forwards

Moves for new owner moving forwards

The process of finding Pompey a new owner, or returning to a previous one, is moving forward with meetings taking place with the latest group, a French-Moroccan party today. There had been something doing the rounds at the weekend of a friend, or something, of the Moroccan King being interested in Pompey?

Quite how true this was is anybodies guess, although The Guardian today 'reports' that Admin Andy has, as mentioned above, met with 'French-Moroccan's' so you never know...

The administrator is 'keen' to get the club sold sooner, rather than later, and the agreement of the CVA proposal; subject to the 28-day 'cooling period' was a major step in the right direction. So, for ALL the stick that the guy has taken, and I am also guilty of this, we MUST again - or perhaps for the first time, as I am not sure if I have? - hold our hands up and say 'nice one!'

Admin Andy, talking to The Guardian, said: 'as the administrator we have to sell Portsmouth now — not in three months or six months but now, so Portsmouth can move forward.'

He met with Balram Chainrai last week, in Hong Kong, although to be honest I am not now sure at all that Chainrai actually does want to take control so the thoughts of this agreement being 'pre-arranged' may well, perhaps, be wide of the mark? And 'perhaps' he will only now step in as a 'last resort', as had been claimed anyway...

A 'formal proposal' has also been made to Admin Andy by Rob Lloyd, who continues to represent an 'unknown' client. Lloyd said: 'we made the proposal to Andrew on Monday and the next step is now to arrange a meeting to move the process forward. That should happen by the end of the week.'

Of course we also have to give this group a chance, and we cannot go off half cocked or anything but I must say this group does 'worry' me - it seems to have been a long time in the background but 'appears' to be still looking around for money to make up this bid?

That for me is a concern, as whilst I am not looking for an owner with bottomless pockets, one that has funds to hand right away is something that we need more as we cannot afford to run the risk of following the trend from last season at all - the non-payment of wages on time etc.

All of this is, of course, without any mention to that 'mysterious' Ukrainian group...

I am pleased with the way things seem to be developing now, and 'hope' that we can have some positive news about an owner by the time the world cup ends - with an England win of course as well, which I guess would be around, roughly, the time that the 28-day right to appeal process expires?

Steps, for me, are gradually being made in the right direction - we just need to hope that we can start doing some work on the playing side of things soon as well as we do not want to be faced with a scenario like last season where players were basically playing 'pre-season' during the opening weeks of the season...


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  • Writer:pompeyrug
    Date:Wednesday June 23 2010
    Time: 7:00PM


    Seems that AA went to HK to see BC to what as the charge holder he is willing to OK. I'm a bit worried about the Lloyd group as links with Storrie persist and as you say it's not a stable consortia.
    23/06/2010 19:46:00
    Although beggars can't be choosers and if it is Chan or someone else with a plan I won't complain. But I don't want Storrie involved
    23/06/2010 20:34:00
    Hm..I hope something concrete comes out of something, but at the moment it's still all 'might do's' and 'by this date'.
    23/06/2010 20:37:00
    I would just like to know who these people are, we have had Arabian Princes and despot's sons and mysterious hedge fund betters, Ukrainians Moroccans, americans Irishmen, race horse owner/ who else..ah yes Kiwi pyramid scammers..and...Balraim Chanderai....who are these 3 three people
    plymouth graham
    24/06/2010 17:50:00
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