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Chainrai 'could' be in place by the weekend?

Chainrai 'could' be in place by the weekend?

With the CVA now agreed, thanks to last weeks unsuccessful appeal by HMRC, exiting administrating and finding a 'new' owner are now the next steps - looking to build up the squad will be the aim after that of course...

Well, according to what Admin Andy has told The Guardian, an agreement with Balram Chainrai to become our owner, again, could be done and dusted by the weekend: 'hopefully this is now the final chapter. We have drawn up the final draft of the sale and purchase agreement. I hope this can be signed and exchanged with Mr Chainrai hopefully by this weekend, I've come back from my holiday to do so.

'Any deal would have to be ratified by the Football League, they won't lift the player registration embargo until they sign off the sale. But if contracts can be exchanged then at least the (prospective) new owner can at least initiate the process of allowing Steve Cotterill to sign new players.'

He also said that Chainrai has already been in contact with the football league about the fit and proper person test, with it also 'said' that these talks were 'productive.'

Lets face it, Chainrai returning as our owner is not going to surprise many is it - this has seemed the option, or the likely option, for sometime now.

I think that we can all understand WHY it would be so good to get a clean sweep and completely new owner, although you don't always get what you want do you, sometimes you only have one option, and perhaps this is the case here?

As I have said several times as long as Dave Lampitt is around I am, and will be, a lot more relaxed - and feel sure things are on a decent footing - about the goings on at Portsmouth Football Club...

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  • Writer:pompeyrug
    Date:Thursday August 12 2010
    Time: 2:31PM

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    Comments

    0
    Personally have NO issues with Chanrai, he will pass the test, which includes proof of funds now so i am happy he is taking over, he knows the history thats for sure. PLUS... Storrie is gone, Gaydamac is gone, Harry cant make anymore money from us (Happy Times) :-)
    Midge
    12/08/2010 14:57:00
    0
    I listened to his exlusive interview on tne radio Saturday and he emphasised the point that he wasn't part of the old regime, and that he didn't even know who Portsmouth were until he lent us the money. I can't understand why peope don't want him in, after all it was his £15m loan that kept us going. Of course he is a business man and he is getting paid intrest on that loan, but there weren't people banging at the door to help us at the time. If he comes in gives money for players and stays until we are stable and back in the Prem again then happy days.
    blarmy
    12/08/2010 15:28:00
    0
    I echo the 2 comments above. Let's give him our 100% support as he's been our saviour. If the FL act quickly we could have an interesting last 2 weeks of the transfer window.
    PFCblue
    12/08/2010 15:43:00
    0
    I'll support him if he supports us, sound fair enough?
    paultsmouth
    12/08/2010 15:52:00
    0
    Presumably that'll mean that things like AA's salary cap will all be sensibly reviewed?
    PFCblue
    12/08/2010 15:56:00
    0
    I guess this week will tell, and if Smith and Wilson both leave then you would guess that investment will not be forthcoming.

    I for one though will be happy to just see the whole lot finished with, which allows us to just get back to maoning about the football.

    sneakay
    12/08/2010 15:56:00
    0
    I second most of the above, as long as he does right by us and allows us to compete (and I don't mean plough in millions and millions) i'm more than happy if he sells us and makes a small profit in a couple of years. If he carries out what he promised in the radio interview and backs Cotterill fully to get back into the premier league (because he doesn't want to be in the championship) i'll be ecstatic - as long as it's done in a sensible manner and doesn't put us back in the same position.
    stooH
    12/08/2010 16:16:00
    0
    Midge,Chix and I have been in agreement on this for a while- a vocal minority and I'm glad others are coming to the same opinion. Can't disagree with any of the above postings really. There is also nothing wrong with a little suspicion or substantiated criticism, the same should be applied to the trust. I'm just glad some of the SOS Pompey types didn't get anywhere with their mad cap finance plans- just give us 50 squillion quid please and let us work with you; like hell.
    russellm
    12/08/2010 16:58:00
    0
    I am happy for Chainrai to become owner again. As said above he was the only ONE person that offered his help. The fact that he is also thinking of Premiership football again, this must be only GOOD news.
    Pompey Malta
    12/08/2010 17:00:00
    0
    I have no issue with Chanrai either. But David Lampitt is not guaranteed a job remember, the new owner could appoint someone else.
    eastneydave
    12/08/2010 17:01:00
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