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Another deadline...

It is getting very much like 'the boy who cried wolf' now it seems as the deadlines being set to save the club as 'time is running out' keep coming, and the latest (of sorts) has been set...

Obviously there does eventually need to be a deadline but I wonder when this really will be!

Trevor Birch, as he told Radio Solent, says that fans need to 'pledge their support to The PST's bid' by next Friday, 24th August.

Clearly this deadline that he is asking for next week is for pledges to come in and then The PST take stock of what they have: 'I would hope by the end of next week the Trust will say to me we are ready to go.'

I cannot see how this can be done in a week and this is, for me, an unrealistic target, surely?

Even when that hurdle is overcome it is not as 'cut and dried' as that is it!

A new 'player compromise arrangement' has to be agreed with the football creditors, or in other words the former players - they are owed a total in the region of 8m, The PST's offer was a pot of 2m to be shared among these...

He added: 'they will need to go back to the Football League with a business plan that is acceptable.

'The compromise agreements also need to be revisited and we need to look at the Trust plan and see what can now be paid to the Football Creditors.'

Would 2m to be shared among players dating back god only knows how far be enough?

People were 'worried' that the likes of Michael Brown and Richard Hughes were mentioned, I would be more worried that names such as Sol Campbell, Peter Crouch and Jermain Defoe may well be among those still owed money by this club and they left years ago!

That is of course forgetting a deal has to be agreed with Balram Chainrai for Fratton Park...

If you have agreed to put in your grand you want to do it, quite clearly some form of prospectus needs to be sent out to those pledging this money as The PST would not, I can categorically say, expect this money to be stumped up until they get through the business plan to us.

Clearly we have enough money for at least a month; otherwise month-long contracts would not be handed out! You would also 'think' we can get through the season or the football league surely would not have allowed us to start it?

'If' (as it has been claimed) we do indeed have 3m, or so, in the clubs bank account then that is a starting point, if not enough to get us through 2012/13 based on parachute payments coming through, 'earmarked' or not.

I honestly do not think that Birch's latest comments and deadline are helpful, that said - and I notice they have re-worded slightly! - perhaps the BBC's portrayal of these comments did not help either...

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Friday August 17 2012

Time: 12:31PM

Your Comments (oldest first)

Change to most recent first
I dont like Birch one bit. I think he has spent the 12m, I think the council are now unable to help the trust, and I think we need a new game plan, or a new interested party, be it SAF as his 50m is no longer small change, Howe and co. or another. I think Birch is once again throwing in another curve ball, so we have in house fighting and defuse the attention away from himself.
Midge
Report Abuse
17/08/2012 13:05:00

It is funny how your opinions on Administrators can change - and remember I have met them both face to face on many occasions. They are seen as saviours on day one but by day x they are the culprits. Time is running out BUT there is no need to set deadlines for the Trust on the radio when he is meeting them on a regular basis in private. The Trust (we) are serious and will get the money in BUT with a majority probably needing to sign finance agreements this will take time.

Come on TB we are credible now give us the chance we need.
eastneydave
Report Abuse
17/08/2012 13:34:00

Can somebody tell me when the 'ring fenced' season ticket money will be used and for what purpose, please.
Et_tu_Pompeii
Report Abuse
17/08/2012 15:52:00

 

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