Vital Football

Light at the end of the tunnel

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!

  • Writer:pompeyrug
    Date:Sunday October 10 2010
    Time: 6:55PM

    Comments

    0
    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
    10/10/2010 19:35:00
    0
    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
    10/10/2010 20:32:00
    0
    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
    10/10/2010 20:56:00
    0
    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
    10/10/2010 23:06:00
    0
    Pleased to hear that Russell, I seem to recall that Gaydamak was charging Pompey 17%.
    Gandor1
    10/10/2010 23:33:00
    0
    PFCblue - a little early to be calling BC God I think... :P
    jim4pompey
    11/10/2010 10:45:00
    0
    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
    11/10/2010 11:26:00
    0
    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
    11/10/2010 13:54:00
    0
    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
    11/10/2010 18:49:00
    Page 1/1
    1. 1

    Login to post a comment

    Recent Portsmouth Articles

    Davies' desperation

    Pompey could come up against Ben Davies on Saturday given he's a Grimsby player. However, our arrival from Sheffield United in 2015 has been sidelined since October.

    On this day in history...8th December

    A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 8th December.

    Match Day Officials v Grimsby (10/12/16)

    The Football League have now announced the Match Day officials that will take charge of the game against Grimsby Town this weekend.

    Dominic who? Defender returns to Reading

    Dominic Hyam, signed on loan when Adam Barton left for Partick Thistle on deadline day, has returned to Reading having failed to make a 1st team appearance - he made only one squad.

    Archived Vital Pompey Articles

    Vital Pompey articles from

    Site Journalists

    pompeyrug
    Editor email
    Profile
    eastneydave
    Editor email
    Profile
    paultsmouth
    no email
    Profile

    Current Poll (see more polls)

    Change at right back? If so where would this leave Evans?
    Suggested By: pompeyrug
    Keep Evans at RB13%
    Drop Evans. Talbot or Buxton at RB37%
    Drop Baker. Evans at RM3%
    Keep Barker in RM. Leave out Evans completely3%
    Cookie knows best (?) In him we trust44%
    ScoopDragon Publishing Entire League Network of Sites

    League Table

    # Team P W D L Pts. GD
    1 Doncaster 19 12 3 4 39 14
    2 Carlisle 19 10 8 1 38 14
    3 Plymouth 19 12 2 5 38 8
    4 Portsmouth 19 9 4 6 31 12
    5 Luton 19 8 7 4 31 10
    6 Yeovil 19 8 4 7 28 1
    7 Wycombe 19 8 4 7 28 1
    8 Blackpool 19 7 6 6 27 11
    9 Stevenage 19 8 3 8 27 1
    10 Barnet 19 6 9 4 27 0
    11 Grimsby 19 7 5 7 26 2
    12 Crewe 19 6 8 5 26 -3
    13 Cambridge 19 7 4 8 25 -2
    14 Mansfield 19 6 7 6 25 -4
    15 Colchester 19 6 5 8 23 1
    16 Crawley 19 6 5 8 23 -11
    17 Morecambe 19 7 2 10 23 -13
    18 Hartlepool 19 5 7 7 22 -4
    19 Notts County 19 6 4 9 22 -8
    20 Accrington 19 5 6 8 21 -5
    21 Exeter 19 6 2 11 20 -5
    22 Leyton Orient 19 5 3 11 18 -5
    23 Cheltenham 19 3 9 7 18 -8
    24 Newport 19 4 5 10 17 -7
    The Vital Football Members League
    Latest F1 News
    Latest Vital Boxing News
    Vital Football Comment

    Recent Portsmouth Results (view all)

    Portsmouth Fixtures (view all)

    Dec 10 2016 3:00PM : Grimsby Town (a)
    Sky Bet League Two
    Dec 17 2016 3:00PM : Hartlepool United (H)
    Sky Bet League Two
    Dec 26 2016 3:00PM : Newport County (a)
    Sky Bet League Two
    Dec 30 2016 7:45PM : Yeovil Town (a)
    Sky Bet League Two
    Jan 2 2017 3:00PM : Luton Town (H)
    Sky Bet League Two
    Jan 5 2017 7:45PM : Doncaster Rovers (a)
    Sky Bet League Two

    Vital Members League Table

    RankNamePoints
    1.Copnor438
    2.storagematt7
    3.eastneydave5
    4.pompeyrug2
    5.uspompeyfan2
    6.PompeyFrippy2
    7.steaming1
    8.blueexile1
    9.Dorking Pompey1
    Write for Vital Football