Date:Tuesday November 29 2011
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...
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Date:Tuesday November 29 2011
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