Chainrai's big week/Lever losing credit rapidly

I think that we all know that, what was it, 15th September was the date when Balram Chainrai's return as the new owner of Pompey would be confirmed, with a meeting with the football league taking place a week prior.

Well, The Guardian does not tell us anything different really, although it does 'seem' to confirm though thoughts: 'Balram Chainrai's proposed takeover of Portsmouth could take a decisive step next week when a meeting of the Football League board will decide next Thursday whether to ratify the Hong Kong businessman again taking control of the club.'

So, this fits in with what we have been told was 'meant' to be the case anyway...

The chances of Tom Lever, who many have had doubts about from the off, managing to takeover appear to be fading though - which, speaking for myself, are not a bad thing if this continues to fade as I do not want this!

Doubts over finances, and the 'possible' involvement of his father, who was declared bankrupt earlier this year with debts of £3m - including, according to The Telegraph, £120,000 to a spread betting firm! - have also surfaced.

He, Tom Lever, insisted that was not the case although putting 'any of his own money' in is not something he would do, he would finance the deal on a 'competitive rate' loan financing it by 'who and what he knows': 'the financing deal will be in the best interest of the club. It will be a loan at a very competitive rate that the club can afford.

'I am not going to talk about my personal wealth or what I might put in, but I have been able to put this financing together because of who I know and what I know.'

Thanks but no thanks Tom!

Whilst it is highly unlikely that many, if any, owners - with us or otherwise - are actually 'putting their own money in' these days, the last thing we can afford to do is to allow debts to rack up, and it seems that this is exactly what would happen here, money spent - and I guess a decent amount would be, with talks of 'a new ground' again spoken off - would just build up debt once again.

The more I read, and hear about Tom Lever, the less I like the idea of this takeover and have to say I do not really want to 'give him the chance' that it has been asked we should - as soon as I heard the words 'bridging loan' from the off this turned me off completely. Further reports since have done little to change my mind.

If we want a complete and utter déjà vu of recent events at Fratton then Tom Lever is exactly the man we would need I reckon, so again I say thanks but no thanks...

PLAY UP POMPEY!

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