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Chainrai ready to takeover again?

Chainrai ready to takeover again?

Well I am 'shocked' and 'surprised' at the latest news, from The Guardian, that Balram Chainrai is 'set' or 'prepared' to become our owner again - through Portpin...of course I am being sarcastic as this does not surprise me at all.

Admin Andy, who I though had been a bit too quite recently, said: 'Portpin are the expedient route to move out of the embargo. Portpin finally came back to me and said they would be willing to buy Portsmouth, whether or not there is a challenge from HMRC.'

'We are working on a contract to sell the club which is quite easily adapted for any purchaser.

'There is still interest from other potential buyers so I have to keep our options open in order that we might get a better deal.'

So, it appears that with or without a challenge from HMRC on the CVA approval, Chainrai will be taking over again.

This will, inevitably divide opinion, and 'potentially' could cause some frictions again as it is well known that the Hong Kong businessman regaining control of the club is not something that has been liked by many - yep, myself included in the past but I have recently starting adding a 'but'...

Thoughts, and to be fair some proven, on this and that in his past are a concern and the fact that he previously made it perfectly clear that he 'did not want to own the club' are a concern as this is what he would now be doing - although we DO need an owner, and the thoughts that I am hearing are that, in spite of talks to the contrary, there are not that many 'serious' and 'sustainable' offers on the table at this point in time? There could well be in the not too distant future but at the moment, at least in the short-term 'word on the street' is that this is the best, and only realistic offer we have to hand.

Obviously we ALL wanted a 'clean break' with a new owner, without previous connections to the disastrous events of last season - or connections to previous owners that brought us to our knees but it 'seems' this is not going to happen, not just yet anyway, although moving aside quickly should a suitable owner come forward is something that is 'thought' Chainrai would do.

I am tired of the whole issue, I just want us to know the outcome of this CVA appeal process once and for all, sell the players that need to be sold, take stock of where we are and then look to have a relatively stress free season where the football can take centre stage!

We of course need this transfer embargo lifted, and to be honest I think, and suspect it will be - as it should be - limited to non-monetary signings, loans and free transfers. So long as Chainrai is paying the monthly wage, and on time, without lining his own pockets so be it, carry on.

The thing that I would remind people about - should it, Chainrai returning, happen - is to remember that David Lampitt is now in place. With him overlooking events we really 'should' be ok, right?

Lets just get this appeal process done and dusted, all being well without and appeal, something that Admin Andy thinks is not in the best interests of HMRC to do, then get the club sold before then look to rebuild it, even if it is with an owner that is not giving us a 'fresh start' so to speak, maybe, just maybe he will? Then again I could be naïve...

I just want the football back. I want to be able to talk about how good, or bad, we are ON-THE-PITCH and not OFF-THE-PITCH again!


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Date:Friday July 9 2010
Time: 8:46AM


If Chanrai is saying that his company will take over regardless of an appeal from HMRC, then why hasn't he taken over yet? Is it possible for him to buy the club before the cooling off period ends, or are we just waiting for a better offer?
09/07/2010 09:04:00
I have NEVER seen anything PROVEN to suggest Chainrai is a 'bad apple' and as I said in the forum I realy don't see the problem - He may be linked with 'the past' in as much as he took control of the club he didn't want in order to protect his investment and why not .. wouldn't you do the same ?? .. Also had he had not done so there may well have not been a club to support at this stage. I'll challenge anybody to give me a decent argument to say why he shouldn't buy the club.... and if he does why would it automaically be a bad thing.. I bet nobody can offer anything other than unsubstantaited facts and fiction generated from some fan fractions (they know who they are) who think they know best
09/07/2010 09:07:00
I dont see Chanrai as a Villain to be honest. OK he never said i really really want to buy Pompey, but he has kept us afloat, he pushed us into Admin and wiped out £80m debt in the process, he WILL keep us going till we are viable again, and i would prefer this to staying in admin, having another embargo and failing once again in the transfer market. So call me stupid, dumb, whatever, but for me the main thing was keeping Pompey alive, and he achieved that, and now it is to get us out of admin and i suspect he will achieve that too. I hope people will give him a chance. We dont want another protest against another owner, i only see this sending out negativity and doom and gloom. Leave the boardroom stuff to Lampit to worry about and lets enjoy our season.
09/07/2010 09:07:00
And I agree with Chix, he was protecting his investment, and anyone who says they would not do the same is a bloody lier!
09/07/2010 09:11:00
And I agree with you too Midge.. :)
09/07/2010 09:13:00
the aricle Chan is trying to buy the club in the short term to get us out of embargo. Moley2 if it's a transferable contract in my business, I am a DM & CM on a major development -and I assume footie is the same, the principal is the contract can be assigned to include another party, be that new owner or another investor /partner investor. Seems like a good idea and assuming HMRC aren't just vindictive should mean we comply with the FA requirement
09/07/2010 09:17:00
what a surprise as soon as the first bit of money starts comming through the door ie belhadj 3.8million... chanrai wants to be owner i wonder why !! he just wants to take back the 15m we owe him and buy conisidence we need to make 15m in player sales ... as soon as we have made that then he takes it and *****s off leaving us with no players no money.... sound familiar
09/07/2010 09:19:00
dont agree Pompeyhussler. Not saying you are wrong and we are right, as time will tell, but i do think we need to draw a line in the sand, and move on. If that is with Chanrai, then great if its not with him then also great, as either scenario is probably the best scenario at the moment, and it DOES mean we are moving on at last
09/07/2010 09:24:00
as i said in the forum: dream is right that the papers HAVE picked up on some of the things that have been said - and have run articles on things, problem is they, as far as i know, did not have enough concrete proof of this and that. so, as much as i had not been keen on chainrai until something is 100% officially proven that he is, as chixy called him, 'a bad apple' lets face it he is not...
i do not get the point you are trying to make about The News being sued by chainrai? 'if' what is claimed is not true then surely he had every right to sue them, or anyone else - it is then down to them to PROVE that they are right.
from the face of it, and from what i am hearing from 'media sources' - i hate saying that - it is chainrai or nothing - so long as he pays the bills he has to and is not 'ripping us off' then i feel i have to give him the benefit of the doubt that his previous links were actually long in the past? previous links do not mean that they are current do they? i have [Edited by pompeyrug]
09/07/2010 09:28:00
cant read all that rug i got to go to work at 4!!
09/07/2010 09:32:00
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