UK time is: 01:33:29
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

And look who's back...

Well 'technically' not back at Portsmouth Football Club but Admin Andy is back on the scene as he is 'looking after the assets of the holding company' CIS after they went into admin today...

He, as he told sky sports, though is looking to 'find new owners' for us again: 'at the minute our role is to find new owners for the business.

'The circumstances are beyond the control of the club, unfortunately in this situation the shareholder, or the shareholder of CSI group has his own difficulties and we have had to come in to take control of all his assets including Portsmouth Football Club.

'Currently we are in discussions with the board. The short-term future is secure. They need to address the medium to long-term view and find a new owner for the club.'

Whilst he 'reiterates' that PFC are not in admin, something The Pompey Site also pointed out earlier, there is still a very likely possibility that a points penalty will again be imposed on the club but that is not his concern it would seem: 'I am hoping a points deduction is not a prospect but that is a Football League matter.

'We are different circumstances to the last time. I reiterate the club are not in administration. We are looking after the assets of the holding company.'

The problem is a 'precedent' was set when Scum went into admin, so it would seem unlikely that we will avoid a similar fate...

They were still a 'going concern', as are PFC, but when their parent company went into admin as they and Leisure Holding 'were inextricably linked as one economic entity' the football league docked them points.

On that basis can we really expect to avoid a similar fate?

Our argument, and a fairly valid one, surely would be that the football league classified Vladimir Antonov, and CSI, as 'fit and proper' under their fit and proper test - just some 6-months or so into their Fratton reign clearly they are not!

Those hoping that we had seen the last of Admin Andy might need to get used to seeing his face, and hearing his ramblings, again for a while...

PLAY UP POMPEY!

Click here to make your prediction: Pompey v Coventry.

Join the Vital Pompey Debate

Vital Pompey on: facebook Vital Pompey on: twitter

Join the Vital Pompey Forum Debate

Frippy's Virtual Bookies - here.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Tuesday November 29 2011

Time: 7:53PM

Your Comments

'maybe' a pts deduction isnt a formality? here.
pompeyrug
There's a way round this. If chanrai reverses the sale due to legal technicalities, I . E it wasn't Antonovs money, and the sale is annulled then the ownership would revert to Chanrai and we would have 0 points deducted and we would have no embargo. I think you will soon hear Chanrai has logged something with company house last week to enable this to happen. Therefore, all those screaming on Facebook and twitter about Chanrai may want to hold fire as he may actually do the best thing for us, by saving us a further deduction of 10 points, plus what ever sanctions would be placed on us having not fulfilled the last CVA yet?
Midge
I like Admin Andy.
Et_tu_Pompeii
I have met him a few times he is OK. You can trust him but not the Football League!!
eastneydave
Soton 'were inextricably linked as one economic entity' - and that's the difference with Pompey. CSI have their fingers in other pies as well.
PFCblue
Nothing bad happened to us under Chainrai's ownership. (Nothing good either, mind). I'm not bothered if he comes back.
Gandor1
It could be worse than having Chanrai back. Having Admin Andy back on the scene is certainly not anything I ever wanted to see again. I know none of the club's problems are his fault, but I have concerns that he is the man tasked to find the club's next owners. Didn't he find the last bunch of crooks?
tracyc
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Portsmouth Articles

As long as we win! (Sunday July 27 2014)

Pompey well beaten by Ebbsfleet (Saturday July 26 2014)

On this day in history...26th July (Saturday July 26 2014)

Awford knows his side...do you? (Thursday July 24 2014)

Progression pleases Awford (Thursday July 24 2014)

Another Pompey win (Wednesday July 23 2014)

AA not 'actively pursuing anyone' (Tuesday July 22 2014)

On this day in history...22nd July (Tuesday July 22 2014)

Archived Portsmouth Articles

List All Vital Pompey Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. pompeyrug 125
2. mslorna48 61
3. PFCblue 58
4. Lemmi 47
5. eastneydave 35
6. Emsworthianblue 22
7. pompeyloyal 14
8. NZ_Portsmuff 11
9. storagematt 10
10. Et_tu_Pompeii 10

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
14. Northampton 0 0 0 0 0 0
15. Oxford 0 0 0 0 0 0
16. Plymouth 0 0 0 0 0 0
17. Portsmouth 0 0 0 0 0 0
18. Shrewsbury 0 0 0 0 0 0
19. Southend 0 0 0 0 0 0
20. Stevenage 0 0 0 0 0 0

Breaking League News

Teenage Striker Arrives?
» Southend : 28/07/2014 23:23:00
Keeper joins Seagulls
» York : 28/07/2014 18:59:00
Woodards Signs Short Term Contract
» Tranmere : 28/07/2014 17:05:00
Hemmings Signs One Year Deal
» Dag & Red : 28/07/2014 16:55:00
Lay Off Frustrates Ridehalgh
» Tranmere : 28/07/2014 15:03:00

Current Site Poll (view all polls)

AA says we are done but are we still short in...
Suggested By:  pompeyrug
Defence 74%
Midfield 0%
Attack 4%
In AA we trust! 22%