Portsmouth News 24/7Writer: pompeyrug 
Date:Wednesday November 17 2010
Time: 1:31PM
UK time is: 08:20:05
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Minimal spending? That is right, right?
The majority of these thoughts from Levi Kushnir, in The News, 'should' be words we, on the whole, want to be hearing, right?
Kushnir said: 'we were on the verge of losing everything. What was before in Portsmouth will not be in the future as long as we are owners.
'There will not be a shopping spree of expensive players, taking commitments on a company knowing it will not be able to be settled.'
Quite clearly we need 'some' investment in the squad but 'massive investment' is not something that we should have been expecting, or indeed wanting, because, well come on, we all know where this left us last time...
It was 'unsustainable' - ensuring that we are a sustainable entity is the thing we now need more than anything else.
Balram Chainrai, maybe slightly less fortunate with what he has said, said: 'both of us got stuck in this situation and the both of us became accidental owners.
'If we get out of this without getting hurt, we'll consider ourselves lucky.'
This makes it sound very much as though they got the club 'by accident' and had 'no option'...
Although lets face it though, that is exactly what happened. It was them or nothing, and I we have to be thankfully really that it was them, as we live on as a result!
It always has been, and always will be, their intention to get back what they put in and they will remain keen to do that - as long as this is done without further harm to the club, so be it...
I know I have said it before, as have others, but if they can do what is needed to stabilise us, yet still get out with what is 'owed' to them, and carry out what is needed to be carried out from month-to-month, this will more than do.
Of course we could do with a player or two, but worse case scenario is we can work something out to get another loanee in, or ideally a 'cheapy' or 'freebie' that can come in on a 'reasonable wage'.
These are things that 'should' be possible without stretching resources too far...
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Your Comments
The Administrator and Chainrai appeared to have a deal set up from the beginning of the administration process. Other interested parties existed, were they given a fair crack of the whip?
007
People say this is the right way and good news. People also say that going up this year would be 'too soon', but if we don't go up we can expect more cuts (wages & player sales) next year as reported that we have already dipped into next years parachute payment money. The bleak financial future is still on the horizon, and as a club we probably deserve it, and I dont want suicidal gamble spending, but if we could somehow get out of this division (upwards route) it really would help stabilise us (just about) even if only for a season.
Super Bock 1898
otherwise the future, albeit grateful we have a future, is very uncertain.
Super Bock 1898
I totally agree with what is being said that stability, spending within means etc etc - but I dont agree that it was purely overspending on players that caused a debt of £130m - it didnt help but we all know the smoke that has surrounded certain individuals at the club and I still want a full investigation into the liquidated club and hopefully the individuals responsible brought to task somehow, or at the very least exposed. Lets not lose sight of this with an easy 'overspent on players' comment when there is a lot more to our situation than that.
pompeyweller
Agreed weller.
007
It's ok to ask for an investigation but you pay for it. As I've said many times before a forensic investigation of over seas money is a seriously expensive exercise. It's not complicated, Pompey don't have sufficient gate capacity to break even in the PL, and don't even get maximum gate capacity for most games. They paid more than they could afford and it didn't matter, it didn't matter; not until the UN caught Gaydamak Snr in Africa with crates full of weapons. That's when it mattered. I can never understand the naivety of people who can't get what happened. Storrie was taking mortgages on mortgages and Pompey were taking loans at 40% interest; without Arkady Gaymak pompey's gate wouldn't even pay the interest. Venture capitalism at its worst.
The only chance there is of an investigation will be that carried out by HMRC in relation to up coming cases against PS & MM. Given government cut backs I wouldn't hold my breath on that being carried out either. Chan won't pay an investigation he just wants stability hopefully promotion, some 14 million quid and then a ticket back to Hong Kong- who us going to carry out this investigation and who is going to pay?
russellm
007 I think BC was always a 'long-stop' and others would have been given a chance as he always wanted out. I agree SB1898.
PFCblue
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