Vital Football

Storm passed?

Storm passed?

If the news is all true, the exit from administration should be sanctioned next week, a disasterous period in our history can then be put to bed and we can look onwards and upwards.

SkySports quotes Gaydamak's man as saying
Tim Stocks of Gaydamak's lawyers Taylor Wessing believes the situation could be resolved by the end of Saturday.

Stocks says there were merely some technical details to be agreed - which he did with Portsmouth's administrator Andrew Andronikou on Friday night - and that there was never any threat to the club.

'I will be talking to Sacha tonight and recommending the documents are signed,' he said.

Baffled
'There was never any demand of £2.5million being paid in cash - there were five or six highly technical points on some of the contracts which I had agreed with the administrator.

'I was baffled and saddened therefore to see announcements saying the club was at the brink, it has caused anxiety for no good reason.

'My instructions are to work towards trying to get an agreement tonight and I hope to do so.'

Under the deal, Portsmouth will pay Gaydamak £2.2million in instalments over the next five years.

Stocks added: 'This is a transaction that works for all creditors as well as Sacha so I'm hopeful we will get the paperwork signed. I would like to reassure Portsmouth fans that the club is not on the brink.'



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

Writer:paultsmouth
Date:Saturday October 23 2010
Time: 4:04PM

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Comments

0
And the boy's go 2 up!!
paultsmouth
23/10/2010 16:09:00
0
I always said Gaydamak was a good bloke ;-) Now 1-2
PFCblue
23/10/2010 16:26:00
0
good old Sasha...Pompey fans are not fickle are we PFC blue...Lol
plymouth graham
23/10/2010 16:33:00
0
3 points 12th place and it looks like Sasha will sign the deal. I might get some sleep tonight.
race
23/10/2010 17:08:00
0
1-2 + a goal scorer, RussM Storms up the prediction league. By the way Pompey now in 12th
russellm
23/10/2010 17:12:00
0
We are going up!
Pompey Malta
23/10/2010 17:18:00
0
Let's hope so, we don't have any more false dawns. Sahsa signs, we move on.
storagematt
23/10/2010 19:54:00
0
we are now 13th Sasha you sicken me; we have to thank him even though he threatened to derail the deal- hope your corrupt , child killing dad goes down forever!
russellm
25/10/2010 19:50:00
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