Date:Monday June 25 2012
Déjà vu number lord only knows what is with us, as the title says '(yet another) day of reckoning' is upon us...
As I would imagine you know the creditors meet today to vote on the CVA proposal put forward by Balram Chainrai recently.
His measly 2p in the £ offer is one that, and I could well be proven wrong, I reckon is going to be rejected out of hand by the creditors, but we will see?
Although there is another offer around the table now with The PST putting forward their proposal to buy the club late on Friday, but what will the CVA proposal from them be?
Whatever your views are on The Trust I once again must say that they should be applauded for their efforts.
The time and effort put into this cannot be underestimated and they have sought very professional help from people that know what they are doing - all too often, and usually unfairly, they have been 'slagged off' and/or 'accused' of almost trying to play God with a football club, although it has never been the intention of those involved, as far as I can make out, to be the ones to try and 'run the club' themselves.
Portsmouth Football Clubs future may or, perhaps more likely, may not become a little clearer today.
What The PST proposes could make all the difference?
If the 2p in the £ offer is the only one on the table then I cannot see us having a CVA approved today, so exiting administration without a CVA would seem the only option - other than liquidation - but time will tell...
PLAY UP POMPEY!
Vital Pompey on: Vital Pompey on:
Date:Monday June 25 2012
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