Portsmouth - Birch confirms TBH agrees to leave!
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Birch confirms TBH agrees to leave!

The big one, getting Tal Ben-Haim off the wage bill, was the major 'stumbling block' to Pompey having a future...

Overnight/early morning reports that Ben-Haim was 'close to reaching deal' have been proven correct!

A statement from Trevor Birch, as printed in The News this morning, has confirmed a deal has been agreed with him to leave: 'I am pleased to announce that we have reached a compromise agreement with Tal Ben Haim, who will now leave the club.'

That leaves just Liam Lawrence as the only senior player that we have at the club now and the situation with Kanu needing to be resolved, but Birch said that 'an announcement' about Lawrence would come later today with him 'cautiously optimistic about our prospects', I assume with Kanu and the situation in general.

Avoiding liquidation is now a 'much better prospect' for Pompey: 'the progress that we have made over the past 24 hours means that there is now a much better prospect of meeting the conditions of the CVA, completing the sale of the club and avoiding liquidation.'

Our future is not secured yet but Birch believes that negotiations with Portpin can step up to get the club sold: 'as a result, we will now push on with our negotiations with Portpin, with a view to finalising a deal in the next few days.

'There is still more to do, and the club's future is not yet guaranteed, but we're in a stronger position and will now take some additional time to try to conclude matters.'

So, it looks like Pompey will live to fight another day but who will be the ones to gain control of the club Portpin or The PST?

With the loan stipulations set down by the council I would think it 'unlikely' that the council will loan The PST the money that they were after so it 'probably' gives Portpin the upper hand but what motivation is there for Balram Chainrai to return?

Conditions imposes by the football league make it far less likely that 'excessive amounts' could be taken out of the club by him, then again I would guess he has a better chance of making his losses more minimal if he took over!

The main thing at this point is that a deal has been agreed with TBH, this is something that was desperately needed to give us a chance of survival...

PLAY UP POMPEY!

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Thursday August 9 2012

Time: 9:49AM

Your Comments (oldest first)

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Unless BC invests and then sells, just as the PST would invest,. He might sell to the PST ..who knows, but one thing is certain, the PST will not win this battle unless BC or the council support/deal with them.
plymouth graham
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09/08/2012 10:59:00

 

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