Vital Football

Looking like survival, for now anyway

Looking like survival, for now anyway

It looks as though Pompey will make it through the season, this season anyway.

The following statement was issued on The Pompey Site this evening...

Football League Agrees To Release Funds

Trevor Birch, PKF partner and joint administrator at Portsmouth Football Club, released the following statement over discussions with The Football League.

"I am pleased to confirm that there have been some positive developments at Portsmouth Football Club over the last few days. I have held constructive talks with The Football League, who have been incredibly supportive.

"The League will now resume payment of the club's 'Basic Award' monies, which are normally paid on a monthly basis to all Football League clubs. For clubs in the Championship, they amount to around £200,000 a month.

'The League has confirmed that we will receive the four outstanding payments for the current season as and when they fall due, subject to any outstanding balances owed to other clubs. This money will go a long way towards plugging the club`s financial gap and allowing us to complete the season.

'This is clearly a very positive step but I wish to emphasise that we are not out of the woods yet. The additional money buys us more time but it does not solve the club's problems and it does not guarantee the club's survival.

'But thanks to this and other initiatives currently being considered by the joint administrators, which may include further player loans, we should be able to get to the end of the season. PKF's overarching objective is to find a buyer before the money runs out.

"Portsmouth Football Club needs the continued support of the local community if it is to remain in business for the long term. From what I`ve seen over the past few weeks, I know that the fans, staff and players will give it their all.

"I am grateful to The Football League for their efforts in what has undoubtedly been a difficult situation for them. I would also like to thank the PFA, who have been playing an important role behind the scenes throughout the administration process.

"There is still much to do but I am working hard to achieve a successful conclusion for the club."

A Football League spokesman said: "As in all insolvency situations, The Football League is focused on the ultimate survival of the club for its supporters and the wider community. We will now continue working with the administrator to achieve a successful re-structuring of the club."

Nick Cusack, PFA senior executive, said: "The PFA has been working constructively with the joint administrators and has been liaising with The Football League and the Premier League to try to ensure that Portsmouth gets through this very difficult period and emerges as a stronger and more viable football club.

'The players have played their part in accepting deferrals on their wages and have recently gone eight weeks without receiving any pay at all. In that time, the players have shown great commitment to the club and the supporters, and will continue to give their all in order to get Portsmouth back on its feet and stable once more.


This is of course, hopefully, good news as we look 'likely' to at least see the season out.

Of course the football league are helping us as it prevents them having to mop up the chaos left behind if we fail to finish the season but it also buys us 'a little' more time to try and get ownership issues sorted out...

PLAY UP POMPEY!

Click here to make your prediction: Brighton 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:Wednesday March 7 2012
Time: 10:41PM

Comments

0
At least we get to go to scum! Sod the result, we'll just show hem how to support a club
paultsmouth
07/03/2012 22:59:00
0
Saves the league getting sued by clubs who go up / down because all our results were made void. Cheaper than all those court cases
MickTait
07/03/2012 23:53:00
0
Mick, after witnessing the vultures circling over our club from the so-called lower league footballing family, I couldn't have given a toss how many clubs sued the Football League (or each other for that matter). I am only interested in our survival As for going to the scum Paultsmouth, I have a recurring nightmare which I hope never becomes a reality that the way the results pan out between now and the season's end, we have the Tony Christie number well and trully shoved down our throats. I hope we are well armed with witty banter, we may need it!!!!
Emsworthianblue
08/03/2012 07:36:00
0
As Monty Python would say/sing "Always look on the bright side of life"
Ihatemidweektvgames
08/03/2012 08:22:00
0
Whatever happens, it would have been such a nightmare for our grand old club to meet its demise before the end of a season! I couldn't have taken that! And I had this nightmare scenario in my head that the club would fold just after the trip to St Fairies, which I think we all fear may not go terribly well . . . If we at least complete the season, I can deal with whatever happens next, relegation or not.
tracyc
11/03/2012 09:48:00
Page 1/1
  1. 1

Login to post a comment

Recent Portsmouth Articles

Will Irish eyes be smiling?

Pompey will hope Irish eyes can indeed be smiling for former Aston Villa left back Enda Stevens with a call up to the Republic of Ireland squad coming as a Blues player.

On this day in history...25th April

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 25th April.

More Reliable Than A League 2 Octopus? (24/4/17)

Time for the new special computer that crunches the numbers to determine the final League Two positions for 2016/17.

2016-17 Pompey Player of the Year?

I think we've seen some very good performances from Pompey players this season with the consistency of them, unlike the Blues' form at times, unwavering.

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:
Forde6%
Evans0%
Whatmough17%
Clarke1%
Stevens5%
Opoku Aborah63%
Doyle1%
Baker0%
Naismith2%
Bennett4%
Kabamba0%
Sub-Chaplin0%
Sub-Lowe0%
Sub-Roberts1%
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
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

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.pompeyrug89
2.PompeyFrippy37
3.storagematt33
4.eastneydave30
5.Copnor4322
6.stubbsy00718
7.FrattonBlue17
8.uspompeyfan16
9.pompeyweller11
10.Jimsmithswig10
The Vital Football Members League