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Déjà vu... Here we go again!

Déjà vu... Here we go again!

The realisation that Pompey are going to go through ANOTHER change of ownership is becoming a more likely reality.

With this comes that same old feeling of déjà vu...

Talks about a deal being done 'in weeks' are starting to surface - this time by what, when talking to The South China Post, Balram Chainrai has said.

He has said that talks with CSI are 'progressing' and that these are 'positive'.

Chainrai also said that 'other parties are interested' but the talks with CSI are the best ones so far and he 'hopes' a deal can be agreed within 2-weeks: 'talks are going well with CSI and negotiations are progressing.

'Other parties are interested and we are still listening to all offers.

'It's too early to confirm anything, but the talks we're having with CSI are very positive.

'I hope for a decision to be made in the next two weeks.'

The reality is that whatever Chainrai says, and however quick he might want this deal to go through with CSI, or whoever it might be, it WILL take much longer!

And to be honest it SHOULD take longer as we NEED to make sure it is the right move this time as some long-term ownership, in the right way, is what we need to stabilise things!

I do not think that we can use previous takeovers as a marker as to how long it will take, because these were quite frankly farcical, unprofessional, unorganised, uninterested and above all NOT in Portsmouth Football Clubs best interests, in the main.

To be fair to Chainrai, whilst he is no angel, far from it, and the manor of his takeover seems so wrong in many ways, without that we would have no PFC as we know it, right.

Quite what CSI will bring PFC 'should' they complete a takeover remains to be seen...

Chainrai though feels that he is doing what is best for the club: 'I want to let Portsmouth fans know we are doing our best to find the right buyer who will inject the needed capital into the club.

'It's encouraging news for everyone and I hope it shows fans that we're doing our best for Portsmouth.'

Something that I 'think' will happen, should this go through, would be that David Lampitt would move on - those that want him out will be happy then!

I say this because the CSI group have a CEO involved, with previous of being a CEO at a football club - I maintain my thoughts that Lampitt has been a good thing for PFC and would be sad to see him move on.

Of course I could, and hopefully will, be wrong...

All manor of stories about CSI, and those involved in the group, are surfacing - what is fact and fiction I do not know?

A lot of this seems very unsavoury, and plenty are questioning them - to be fair understandably after what we have been through.

Surely though given all the ownership issues with clubs, especially our club, in recent times the checks that these people will have to undergo from the football league will be with the finest of fine toothcombs?

Surely every person involved will be scrutinised to the fullest and no stone left unturned.

Once again my main thoughts on any takeover, should this happen, are that we get someone in that WILL run the club in the right way - that way is not investing millions after millions that is only done in loan format with ludicrously high interests rates with the clubs future mortgaged against this.

I also, once again, say that whilst it might not look like it on the surface, the way we are being run at the moment is in effect the way we need to be run in many ways as until the higher earners, which CANNOT be replaced by other high earners, come off the wage bill then living with a modest squad is the only way we can even operate as a club.

At the moment, as it feels far to much like déjà vu at this stage, I think the best that I, or anyone really, can do is keep and open mind, right?

In all honesty I cannot bring myself to 'dig up' info on these people, I am tired of doing this, that is NOT to say that I do not care, I care about this club more than most other things in life.

I also cannot bring myself to be too optimistic or pessimistic either way about any of this at the moment as I cannot bring myself to set myself up for a rise or fall either way, we have had enough of this over the past 24-months or so, more than most will in a lifetime...

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  • Writer:pompeyrug
    Date:Thursday February 10 2011
    Time: 9:43AM

    Comments

    0
    Chainrai's time scales could be realistic for two reasons. 1. All the dealings regarding the land surrounding Fratton Park could have already been completed in Russia. 2. The administration process would have cut down the paperwork exercise dramatically.
    007
    10/02/2011 09:57:00
    0
    perhaps that is true, altho the football league do have to approve the takeover and i for one would hope that they go through everything with the finest of fine toothcombs to make sure ALL is in the best interest of PFC, and football.
    pompeyrug
    10/02/2011 10:13:00
    0
    Palace went over to new ownership in 15 days. You could be right about Lampitt I hope not, those who want him out tend to be deluded and don't have any backup for their stance, they hark back to Milan ignoring the realities of that time- tax evasion, stupid statements etc; however Akers the ex Leeds CEO has three other businesses and is one of the few dot com types to have any money left which he seems to be spreading around, so may not have the required time to spend at Pompey.
    russellm
    10/02/2011 11:22:00
    0
    Rug, these people will know about the FPPT from Bournemouth, there is also now a defined debt, which was the main thing that caught out the Saudi's and Emirate's. They never understood the spiralling debt they got into until it was too late.
    russellm
    10/02/2011 11:26:00
    0
    russell - unless of course they helped to create it?! Im with rug on the fine-tooth-comb but cant say im overly positive with this - why didnt Bournemouth want them involved? Im sceptical in the extreme after the last 2 years, why would they want Pompey, im sure its not to engratiate themselves with the supporters and an overwhelming desire to integrate into the local community..... and if we believe BC - there is no money in it...... although im sure the apathetic amongst us will be prepared to give them a couple of years as long as the spin is vaguely believeable!
    pompeyweller
    10/02/2011 11:57:00
    0
    didnt these guys try and buy Rangers as well ? i want the best for our club but 2 failed takeovers, make you wonder doesnt it ? ....
    southportpompey
    10/02/2011 13:13:00
    0
    they probably already passed the Fit and Proper tests when applting to buy Bournemouth. Ive heard bournemouths failed as the owner of the club also owns the ground and wanted to rent it back to the club for 25 years. CSi wanted to buy it, as it seemed a better option tan renting it off the buy who sold the club, but the owner wasnt interested so they pulled out. If true, it means they pulled out, as opposed to being rejected? and also makes you wonder if the owner was another Gaydamac, so would hold club to ransom over rent etc....
    Midge
    10/02/2011 14:53:00
    0
    Russell is right that the debt is now known and any Due Diligence would not take quite the time that SAF's did!! With the club's old company due to be 'investigated thoroughly' in the forthcoming weeks it would be useful to break the ties with all the previous owners.

    Russians owners would that make us Pomski?
    eastneydave
    10/02/2011 16:48:00
    0
    Pompeyweller thats an odd statement to make; why do you assume people always want to sell their club??? There is absolutely no mystery as to why Bournemouth "didn't want them involved" believe it or not sone people who buy clubs aren't just traders. Adam Murray and his company Structuredene have spent a lot of time and no little amount of money to turn AFC Bournemouth & Biscombe around. The board are all local, and by doing strict business management structures they have rid their club of debt and have turned it into an asset. They were offered an assessed value but they see their project as unfinished. Offer and non acceptance it happens in the real world every day; especially when I'm doing the offering :-p Helped to create what? Are you seriously thinking this mob who have looked at 3 clubs with a view to expanding a sports empire were linked to the financial downfall of Gaydamak by the UN and Republic of France??????? Must VE he'll in your place if someone nicks the Milk.
    russellm
    11/02/2011 00:27:00
    0
    Pompeyweller thats an odd statement to make; why do you assume people always want to sell their club??? There is absolutely no mystery as to why Bournemouth "didn't want them involved" believe it or not sone people who buy clubs aren't just traders. Adam Murray and his company Structuredene have spent a lot of time and no little amount of money to turn AFC Bournemouth & Biscombe around. The board are all local, and by doing strict business management structures they have rid their club of debt and have turned it into an asset. They were offered an assessed value but they see their project as unfinished. Offer and non acceptance it happens in the real world every day; especially when I'm doing the offering :-p Helped to create what ? Blimey weller are you seriously thinking this mob who have looked at 3 clubs with a view to expanding a sports empire were linked to the financial downfall of Gaydamak by the UN and Republic of France??????? Must be hell in your gaf if someone nicks the Milk!
    russellm
    11/02/2011 00:28:00
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