Vital Football

Here we go again?

Here we go again?

Just when it seemed we could finally start to seriously look to put the past goings on with PFC behind us, and look forward to what promised to be a brighter future, and still could be of course, something rears its ugly head again.

There may be nothing in it, there possibly could be, as it stands literally no one knows the score...

You may well have seen the 'reports' starting to filter through, and grow, about the Lithuanian government taking over Bankas Snoras AB, over fears it could become insolvent?

You may also have seen that 1 billion litai ($392 million) of assets from the lender are 'unaccounted for'...

What does any of this have to do with Pompey you might ask?

Well, Snoras is '68.1% owned' by one of our co-owners Vladimir Antonov!

Has the means to one of his main sources of finance gone, in which case how does this impact on PFC as a club?

Only time will tell in this I guess...

A Bloomberg article I notice also said this about Antonov: 'Antonov was barred from investing in Sweden's Saab Automobile AB in July by the European Investment Bank, which didn't give a reason for its decision.

'The U.K's Financial Services Authority denied Snoras permission to operate in Britain because the bank's executives withheld information, calling the tactic "an ongoing pattern of behaviour by institutions controlled by Mr. Antonov" in a February 2009 statement.'

There is always something with Pompey, and our owners, isn't there...

Like I say quite what happens next, and quite if there is anything to worry about or if anything has been done wrong, is not known?

It is easy to jump on the bandwagon and 'fear the worse' but this is not always something you have to do, although burying your head in the sand and 'ignoring' such stories will do little will it.

Of course PFC have done nothing wrong here, it is just a shame we cannot just have a club that runs smoothly and is not brought in the public eye for any other reason than what we do as a club on, or indeed off, the pitch as an entity.

Lets just hope that a drama can, for once, pass Pompey by...

PLAY UP POMPEY!

Click here to make your prediction: Watford v Pompey.

Join the Vital Pompey Debate

Vital Pompey on: facebook Vital Pompey on: twitter

Join the Vital Pompey Forum Debate

Frippy's Virtual Bookies - here.



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

Writer:pompeyrug
Date:Thursday November 17 2011
Time: 3:20PM

Best of Vital Network

Comments

0
PFC one of Mr Antonov's assets? Could be a worry!
bluedr
17/11/2011 15:28:00
0
$392m dollars secretly transferred to the Pompey account ;-)
PFCblue
17/11/2011 15:30:00
0
Don't even want to think about it.... :-(
Gandor1
17/11/2011 15:35:00
0
Tomorrow Ronaldo will arrive, that accounts for 80 million of the assets
stooH
17/11/2011 15:35:00
0
I feel for you guys.... You deserve alot better... I hope you guys can sort out your club & get back where you belong... Good luck..
watford1881
17/11/2011 15:52:00
0
If the bank was a limited company which I am sure it is then where is the risk to Pompey? limited company owners and directors means the owners have limited liability. It is unlikely that a foreign asset can be attacked for recovery also FL/PL rules prevent English clubs being affected by foreign ownership liabilities - other than player contracts- and it seems Pompey is owned by CSI uk not Snoras AB. Three things spring to mind, 1 could the club be put up for sale again- its possible but I still think the owners are looking at a long term strategy including property development, the second point is how will this news affect the players; third and perhapse most important is the fact that once again the club is linked with negative financial news, to be carried on in Jan 11 when Harry, Milan and presumably Storrie shortly after unless of course the growing thought he's turned QE turns out to be true.
Russellm
17/11/2011 15:59:00
0
Unbelieveable!!!! :-(
frattonbex
17/11/2011 16:32:00
0
Perception is more powerful than reality. That's what makes it a worry
uktony
17/11/2011 16:40:00
0
Hopefully a statement will come out from Convers to assure us, if Antonov was prosecuted in anyway that would really stuff us, makes the fit and proper system seem laughable once though!
paultsmouth
17/11/2011 16:56:00
0
Does anyone know how much of Antonov's cash is tied up here? No. Does anybody know if the bank is in danger of losing money, if so, how much? No. If the bank goes bust does it have an impact on the funding of CSI? Who knows? Is it something we can do anything about? No. Was this article worthwhile? No. RussM what will the players think? Lol. Calm down and get back to reality please.
Liquor&Poker
17/11/2011 18:55:00
Page 1/2
  1. 1
  2. 2

Login to post a comment

Recent Portsmouth Articles

Third time lucky? Nope as O'Shea interest ends

O'Shea saw a couple of bids for him put in; these were turned down by Chesterfield. A third bid hasn't come from Pompey and it isn't going to either.

Topping last seasons tally the aim

78pts was only enough for a play-off place last season so you suspect we'll have to better that for a top 3 finish this coming season, which begins with Carlisle at Fratton.

On this day in history...26th June

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 26th June.

Done Deal - Smith in permanently from Swindon

The interest Pompey retained in Smith, with him 'in our sights' has resulted in him returning to the Blues on a permanent basis after signing for an 'undisclosed fee' from Swindon.

Archived Vital Pompey Articles

Vital Pompey articles from

Site Journalists

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

Current Poll (see more polls)

Cookie has signed five player now. How many more until you are happy?
Suggested By: eastneydave
Just a keeper10%
Two 70%
Three 10%
Four10%
More0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Northampton 46 29 12 5 99 36
P Oxford 46 24 14 8 86 43
P Bristol Rovers 46 26 7 13 85 31
4 Accrington 46 24 13 9 85 26
5 Plymouth 46 24 9 13 81 26
6 Portsmouth 46 21 15 10 78 31
7 Wimbledon 46 21 12 13 75 14
8 Leyton Orient 46 19 12 15 69 -1
9 Cambridge 46 18 14 14 68 11
10 Carlisle 46 17 16 13 67 5
11 Luton 46 19 9 18 66 2
12 Mansfield 46 17 13 16 64 8
13 Wycombe 46 17 13 16 64 1
14 Exeter 46 17 13 16 64 -2
15 Barnet 46 17 11 18 62 -1
16 Hartlepool 46 15 6 25 51 -23
17 Notts County 46 14 9 23 51 -29
18 Stevenage 46 11 15 20 48 -15
19 Yeovil 46 11 15 20 48 -16
20 Crawley 46 13 8 25 47 -33
21 Morecambe 46 12 10 24 46 -22
22 Newport 46 10 13 23 43 -21
R Dag & Red 46 8 10 28 34 -35
R York 46 7 13 26 34 -36
Latest F1 News
Latest Vital Boxing News

Recent Portsmouth Results (view all)

Portsmouth Fixtures (view all)

Vital Members League Table

RankNamePoints
1.eastneydave14
2.pompeyrug13
3.Copnor4311
4.FrattonBlue8
5.Pompeyboosie6
6.mslorna485
7.Ronald Wilson4
8.Jimsmithswig3
9.storagematt2
10.Lemmi1