Date:Tuesday March 6 2012
First and foremost, and from the off, I think I have to say that whatever is decided no one should be viewed as 'any more' or 'any less' of a fan for whatever they do decide to do next - being viewed as one or the other is incredibly unfair for me...
Granted, if a decision NOT to go next season - assuming there is a next season, which there would be if what is meant to happen does happen! - is based upon Portsmouth Football Club being s***e and playing in league one, as we probably will be, so the clubs is not 'glamorous enough for you' is the decision then I am in total agreement that your loyalty and support levels suck, and should be questioned!
So, it looks like Balram Chainrai is going to become a 'reluctant owner' again then?
What a dilemma this will leave, probably, many people with!
Lets make it clear this guy is not to blame entirely for our problems is he, well he did not start our decline lets put it that way. He has 'put money into the club' but has also not always done things to help us, far from it. Remember this same guy has put us into administration once, and had a hand on putting us into it a second time.
Although lets also make it clear that he returns for one reason, and one reason only - MONEY!
Ok, fair enough he put money into the club - conspiracy theories about his motives and/or him actually doing this or not need to be put on hold for the purposes of what I write - so you cannot blame him for wanting this back. What sits incredibly uncomfortably with me is the fact that having played his part in our most recent history, and the troubles that have come about as a result, is that he would be allowed to come back in by the football league to 'potentially' just take what he can before again 'potentially' leaving us for dead again!
More disturbing is that some would 'welcome him back with open arms'...
He would 'reluctantly' clearly be coming back in clearly to see that the club stays afloat merely long enough for him to ensure that his parachute payments, via the agreed CVA, are made to him with any player of any value sold to enable him to claw back more of that money, as much as he can before accepting a more 'minimal' loss on his 'investment'.
Like I say you cannot blame him for wanting his money back - the conspiracy theories about how much actually has gone in, and to whom remain though and some answers still need giving - but can you blame people for deciding 'enough is enough' and being against renewing season tickets, or buying matchday tickets for games at Fratton Park?
Doing so out of fear that they believe they know exactly what is going on with the 'possible', maybe even 'probable' outcome being that we end up in the same position as we are now some 18-24-months down the line anyway, with quite literally no way whatsoever out this time?
For me going to Fratton Park at the moment is not even something you need to question - the club quite literally needs every penny to survive, so to stay away is totally wrong. Assuming Chainrai does return then that need for payment is not so great, with the more we put in the more he takes out before, quite possibly if not probably leaving us for dead. Then again every penny he takes is also penny less that we 'owe' him!
On the other hand could a 'reluctant owner' be what PFC needs to once and for all sort us out?
Put it this way we can quite safely say that he will put very little money in, and whatever he did would likely be in form of a 'loan' to further build up debt, so that would be pointless for him to build up too much of this as he would actually end up being no better off.
He will quite safely sell whatever, and whoever, he can and players coming in will be free agents, cheap as chips or loans all with minimal outlay in terms of fees and wages - as they should been anyway for the past 12-24-months. We were lead to believe this was the case, with the football league paying particular attention to this?
Quite clearly, with a £12m annual wage bill, no due care and attention was being paid with the monies dished out, with the football league not monitoring this at all, since our last brush with administration!
So it is actually feasible that we will, for the first time in a long time, see this club run within its means...
The likelihood is that, even if relegation does not come this season, relegation from the championship will come next season? If we are already in league one, as it looks like we very well will be, we could have a struggle to stay in that division.
As Chix pointed out in a year or two, if we can last that long, all the high earners will be completely gone, as they will be out of contract - so yep it would be a major struggle for a while, and chances are we slip further down the football league pyramid but 'if' we do this within our means, depending on the level of debt left behind when Chainrai finally does leave having recouped as much as he feels he can, we may well have an outside chance of coming out of it with some life once he finally rides off into the sunset.
That is exactly what we need, for Chainrai and Sacha Gaydamak to finally ride off into the sunset once and for all...
I do not like, nor do I trust, Chainrai - the man is a proven liar!
He promised to personally pay-off all the small creditors below £2,500, including some charities, after out last administration but did he do this? Did he b******s! He saddled this upon the club. Now that is as low as it gets, promising to pay these small unsecured creditors that were in desperate need of the money, as said some charities, but then not do this.
His return, should this happen, stinks and it is not something that I 'hope for' or something that I 'want' in the slightest but if it is that or liquidation what would I prefer?
Liquidation, and Pompey going out of business - even if starting a fresh seems the most realistic option of riding ourselves of these parasites, and seems to me almost 100% certainly the only way we can prosper - when all is said and done is not something that I want, not something I want at all!
Whilst I fear we may well face this anyway after another period of limping along, if it were possible that 'minimal investment' with a downward spiral that followed, eventually allowed us to have a sustainable future as PFC as we know it then in a perverse way is Chainrai the best option for this?
Well, as it stands he is the only option between us being liquidated and living on anyway, good or bad!
It might be only a shell of PFC left over but is a shell better than nothing. By that I mean you cannot really prefer, as much as you might dislike and distrust Chainrai, us going bust over carrying on, even if it is only limping along?
I absolutely hate the thought of us doing this, limping along, for another year or so and then going pop anyway, but as much as I keep stressing it 'seems' it is out only way out I do not willingly want us to go bust...
Whilst I fully appreciate the gravity of our position, and understand the nature of the process of administration, if Chainrai is genuinely coming back in - even if it is as a 'reluctant owner' surely a stipulation of this is that the loaning out of players, within reason, is put on hold for a couple of weeks at least?
As I understand it the loan window is open until the end of March, lets at least get nearer to this before the 'fire sale' really kicks in, or continues depending on which was you view it! Reluctant owner or not surely it must be preferential to remain in this division, even if it is only for one more season?
Continued player departures, especially the 'better players' yet 'lesser paid' will do little to help our relegation fight and relegation will do little to help even a reluctant owner offload the club, well this depends on the nature of the would be owner to follow, and I would hazard a guess that you can get what I am getting at with my 'nature' of owners thoughts...
Like I say if we get to Coventry and that result goes against us, and if others have, and we are pushing on for 10pts, or more, adrift then fair enough loan out more players but the way I see it surely - deferred payments or not - PFC will have to pay the wages for March anyway, right?
Without any shadow of a doubt any player that could be offloaded in the summer will, but lets just have one last fighting chance of avoiding relegation - this is in every bodies best interests Chainrai!
One thing that we can quite safely say is a return to Portsmouth Football Club of Balram Chainrai, the rights or wrongs of this, will without a doubt divide the fans massively and that is the last thing that is needed for this club.
Like I said at the very, very beginning of this waffle it is essential that people view whatever decision is made as a personal one and everyone has the right to do this with no one labelled any more or any less of a fan whatever they decide, nor should anyone presume to speak for others...
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Date:Tuesday March 6 2012
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|Portsmouth||3||-||0||Dag & Red|
|1. Leyton Orient||5||5||0||0||10||15|
|7. Bristol Rovers||5||3||0||2||1||9|
|Loan Exit And Waddock Uncertainty
» Barnet : 31/08/2015 20:23:01
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» Yeovil : 31/08/2015 19:28:01
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» Portsmouth : 31/08/2015 19:23:00
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» Stevenage : 31/08/2015 19:09:01
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» Portsmouth : 31/08/2015 19:07:00