UK time is: 22:29:44
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Light at the end of the tunnel

News has started to filter through over the past few days that there is 'light at the end of the tunnel' for Pompey with an end to administration 'hoped' to come by the end of the week.

David Lampitt said: 'we've submitted everything we need to and, hopefully, we'll get the decision we need.'

'Reports' today are saying that 3.5m each year, for the next 4-years, will be repaid to creditors with Balram Chainrai agreeing to 'cover any shortfall in the payments Pompey must meet to avoid a further points reduction' to the sum of 7m.

I wonder what rate of interest Chainrai would be charging for the repayment of that money to him though?

Unless, which 'could', yet I find unlikely - especially in this day and age of 'money lending' in football - be something that does not need to be repaid to him...

The most important thing for us now though is an end to admin is within sight, all being well!

'Word on the street' has it that this will be announced by 9am on Friday.

When this is confirmed the next phase in the rebuilding of this club can begin, ensuring that we do things the right way is a MUST...

PLAY UP POMPEY!

  • Click here to make your prediction: Pompey v Watford.

    Join the Vital Pompey Debate

    Trust

  • Frippy's Virtual Bookies - latest update and place your bets!




    Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



    Click here to join in the debate on the club forum.

  • The Journalist

    Writer: pompeyrug Mail feedback, articles or suggestions

    Date:Sunday October 10 2010

    Time: 6:55PM

    Your Comments

    Sounds like good news, but why speculate on the interest rate Rug? At least BC is still covering our backsides - a 'thank you' wouldn't go amiss imho.
    PFCblue
    because - and it is GOOD news to be coming out of admin when it happen - lets face it you do not get something for nothing, especially in football these days so anything chainrai puts in its almost certain that he would be getting something back on this investment...
    to be fair chainrai is not along in this tho, virtually all owners are the same with this as football is 'a business'.
    whilst i have had reservations about chainrai, and i am still concious of letting guard down to much i do want to make it clear that i AM going to give him a chance to prove himself.
    pompeyrug
    Just being out of admin is a step up though, at least then we won't have to go cap in hand to the league every five minutes when we want to do something
    paultsmouth
    Rug, interesting ( scude the pun) question so we are in the atill and west and I asked someone with an enourmous smartness frontal cavity and he said QUOTE "well it has to be at court approved commercial rates ; your round miller- go on disturb some moths" - cheeky fuqir- im not that fat! Anyway any money related to an Administration has to be at or below commercial rates. I do think we are finally at the end game now and it all depends what the man Chan wants to do next.
    russellm
    Pleased to hear that Russell, I seem to recall that Gaydamak was charging Pompey 17%.
    Gandor1
    PFCblue - a little early to be calling BC God I think... :P
    jim4pompey
    I hope that this is finally the light at the end of your tremendously long tinnel. It would be nice for us to start talking football and returning to the normal banter. We are better than you, oh no you ain't remember 4-1, etc etc.
    SFC Forever
    interesting that mandaric says anyone prepared to buy pompey right now is suffering financial suicide... which would explain the lack of bids from any other interested parties. so for that I admire BC for at least trying to protect his investment and the club... I suspect he is hoping to add value to the club and sell at a later date. im sceptical about the immediate future of the club... but I wait to see what BC has planned.
    pompey--pessimist
    I hope we do exit admin, but we seem to have these deadlines come and go so many times. As for the Chan man, I can't see any better options at the moment, so fingers crossed for the best. I wonder if we'll exit admin as Liverpool go into it?
    tracyc
     

    Have Your Say

    Log in...
    with your social network     OR     with your Vital account

    Recent Portsmouth Articles

    #PompeyPredictionsLeague - Update no.7 (Tuesday September 16 2014)

    A chance to put it right (Tuesday September 16 2014)

    On this day in history...16th September (Tuesday September 16 2014)

    Awford's assessment: Southend 1-0 Pompey (Monday September 15 2014)

    On this day in history...15th September (Monday September 15 2014)

    On this day in history...14th September (Sunday September 14 2014)

    Stats: Southend v Pompey (Saturday September 13 2014)

    VP live - Southend v Pompey (Saturday September 13 2014)

    Sarfend v Pompey (Saturday September 13 2014)

    Archived Portsmouth Articles

    List All Vital Pompey Articles
    Have your say
    Click here to suggest an article
    Click here to suggest a poll

    Vital Members League (view all)

    1. pompeyrug 126
    2. eastneydave 48
    3. mslorna48 30
    4. patwells123 30
    5. cornypomp 25
    6. storagematt 18
    7. Emsworthianblue 14
    8. Lemmi 13
    9. Jimsmithswig 11
    10. PFCblue 8

    League Results (view all)

    League Table (view table)

    Team P W D L GD Pts
    6. Shrewsbury 8 4 2 2 5 14
    7. Southend 8 4 2 2 3 14
    8. Cheltenham 8 4 2 2 2 14
    9. Portsmouth 8 4 1 3 2 13
    10. Mansfield 8 4 0 4 -1 12
    11. Wimbledon 8 3 2 3 2 11
    12. Cambridge 7 3 1 3 4 10

    Breaking League News

    Wycombe : 16/09/2014 21:53:00
    Wait goes on
    York : 16/09/2014 21:49:00
    York : 16/09/2014 21:42:00
    York v Luton - Team Sheets
    Luton : 16/09/2014 19:26:00
    Oxford v Accrington
    Oxford : 16/09/2014 18:02:00

    Current Site Poll (view all polls)

    MOTM v Dagenham?
    Suggested By:  pompeyrug
    Jones 0%
    Whatmough 0%
    Devera 0%
    Robinson 0%
    Wallace 0%
    Wynter 0%
    Hollands 0%
    Butler 0%
    Dunne (86) 0%
    Westcarr (91) 0%
    Agyemang (73) 0%
    Sub - Storey (73) 0%
    Sub - Close (86) 0%
    Sub - Barcham (91) 0%