Vital Football

CSI statement - business as usual

CSI statement - business as usual

CSI this evening released a statement (here) via their facebook page in a bid to reassure all that all is ok, despite the problems with Snoras Bank.

The statement is on that link above or quite simply below...

CSI Statement on Snoras Bank Announcement

In the light of the recent events at Snoras Bank, Convers Sports Initiatives (CSI) would like to reassure its companies, staff, and the fans of its teams and events, that it remains very much business as usual. We are operationally unaffected by the Snoras Bank entering temporary administration.

CSI has been solely financed through the private wealth of its owners. Snoras Bank has never provided funding for the purchase of a CSI organisation, nor has it lent any money to these businesses after they have been acquired.

We continue to look at expanding the CSI business and hope to announce a number of further acquisitions in the near future as well as continuing to support our existing businesses.


What else can you say?

I guess we have to take CSI at their words and hope that they do not, like so many before them, end up letting us down...

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: 11:23PM

Comments

0
So what I said yesterday about there being separate limited liabilities - as in pretty much every other business - seems at this time to be correct.
Russellm
18/11/2011 07:49:00
0
The worry is players like Rocha and Herman who were put through the grief of admin previously (not to mention PFA that made the situation far worse) get a bit unsettled; the negative financial associations are disheartening since we know come Jan11 tax trials of Harry and Milan there will likely be more. As I said the finance side is unlikely be an issue it's just the associated negative publicity.
Russellm
18/11/2011 08:02:00
0
As far as CSI are concerned it sounds like positive news. I only hope the boss isn't implicated in the millions missing from the bank.
PFCblue
18/11/2011 08:25:00
0
that is a major worry isnt it blue...
pompeyrug
18/11/2011 08:33:00
Page 1/1
  1. 1

Login to post a comment

Recent Portsmouth Articles

Vital View - League 2, 22nd April 2017

Doncaster, Plymouth & Portsmouth could be involved in a three-way battle to be crowned champions? Leyton Orient are down with Hartlepool favourites to join them.

Video - Pompey 2-1 Cambridge

That outside chance of Pompey winning the championship is still ON after a win over Cambridge and defeats for Doncaster and Plymouth's draw.

On this day in history...23rd April

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 23rd April.

Sunday Chimes #114 - Pompey 'into something good'

Herman's Hermits hit is the backdrop to another win, seven is the number, and a reflection on promotion....

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)

Cambridge MotM
Suggested By:
Forde2%
Evans0%
Whatmough22%
Clarke0%
Stevens3%
Opoku Aborah58%
Doyle3%
Baker0%
Naismith3%
Bennett6%
Kabamba0%
Sub-Chaplin0%
Sub-Lowe0%
Sub-Roberts3%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
P Doncaster 44 25 10 9 85 33
P Plymouth 44 25 8 11 83 24
P Portsmouth 44 24 9 11 81 33
4 Luton 44 18 17 9 71 22
5 Exeter 44 20 8 16 68 18
6 Blackpool 44 17 16 11 67 22
7 Stevenage 44 20 6 18 66 7
8 Mansfield 44 17 14 13 65 5
9 Wycombe 44 18 11 15 65 4
10 Carlisle 44 16 17 11 65 -1
11 Cambridge 44 18 9 17 63 7
12 Colchester 44 17 12 15 63 6
13 Accrington 44 16 14 14 62 3
14 Grimsby 44 17 10 17 61 -2
15 Barnet 44 13 15 16 54 -6
16 Notts County 44 15 8 21 53 -22
17 Crewe 44 13 13 18 52 -11
18 Morecambe 44 14 9 21 51 -18
19 Crawley 44 13 11 20 50 -16
20 Yeovil 44 11 16 17 49 -13
21 Cheltenham 44 11 14 19 47 -16
22 Newport 44 11 12 21 45 -22
23 Hartlepool 44 10 13 21 43 -21
R Leyton Orient 44 10 6 28 36 -36
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Portsmouth Results (view all)

Portsmouth Fixtures (view all)

Apr 29 2017 3:00PM : Mansfield Town (a)
Sky Bet League Two
May 6 2017 5:30PM : Cheltenham Town (H)
Sky Bet League Two

Vital Members League Table

RankNamePoints
1.pompeyrug78
2.PompeyFrippy36
3.storagematt28
4.eastneydave26
5.Copnor4319
6.uspompeyfan16
7.FrattonBlue14
8.stubbsy00713
9.Jimsmithswig10
10.pompeyweller9
Write for Vital Football