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More Middle East interest

More Middle East interest

When I was at Crawley yesterday afternoon the first 'mutterings' of a 'reported $20m Middle East interest in Pompey' reared its head...

At fulltime, and with us celebrating our first win of the season, 'unconfirmed reports' were beginning to grow more steadily!

By the time I was on my well on my way back to Devon on the train there were even some quotes attributed to Pompey administrators PKF, as quoted by The News, that a 'preliminary offer' had come in with a '£12.5m bid lodged': 'we can confirm we have had a preliminary offer from a Middle East group and we are currently seeking clarification of funding before we can take it any further.'

Apparently documentation had been seen that saw this consortium had deposed AED75.058m (Emirati Dirham), so roughly £12.5m, into an escrow account at the end of August.

So, here we go again eh! You always hope for the best but I just cannot see what Pompey really has to offer anyone?

'Anonymous Arab bidders' does not leave me sitting comfortably I must say but I am certain that a portly fella with previous at Fratton is in someway involved...

That portly fella would be a certain SAF!

Al Fahim must in some shape, way or form be involved in this as SAF has always retained some sort of interest in Pompey and 'possibly' feels he has unfinished business with Pompey?

Other 'rumours' are saying that this consortium is the one that recently wanted to takeover at Leeds but pulled the plug having grown tired of dealing with Ken Bates?

Whoever it is lets just be wary, and people should not get 'wrapped up' in 'Emirati Dirham billions riding to Pompey's recue' that will make us the greatest force in English, European and World football with anyone thinking that 'all our problems' are solved...

To be fair to SAF I do not feel that he ever intended to inflict pain on Pompey, he was just naïve enough to be drawn in - and did not realise how much s**t we were sinking in! - and this fantasy world that he often lives in did not pan own as he expected in reality.

'A dreamer' is how some have described him, and I would agree with that to be honest.

With the means to invest (sensibly) in this club I often felt that he, and his backers, 'probably' did have Pompey's best interests at heart and could have achieved something but our murky past is constantly troubling us, although lets not kid ourselves into thinking we would have got 'something for nothing!'

This would not have been the case then and will not be the case now either, something would be wanted back but quite what Pompey can offer remains questionable...

We await the next instalment in the Portsmouth Football Club drama!

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Writer:pompeyrug
Date:Monday September 10 2012
Time: 3:19PM

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Comments

0
Every day is a learning day at Pompey!
RussellM
10/09/2012 15:46:00
0
I've heard a lot of people really opposed to SAF returning but i actually quite liked the bloke and if he actually has the money this time round from some other backers then i'd happily seem him come back.
pompeym@
10/09/2012 16:04:00
0
I met SAF on more than one occasion and I know he still attends the odd game. Is he involved? Yes. Will it happen ? Ask TB.
eastneydave
10/09/2012 16:31:00
0
BC or SAF, I suppose it has to be SAF. Anybody but BC actually. SAF or PST, that's more difficult. If PST have the funds then PST. Liquidation or SAF, then SAF if he clears our debts. Come TB, lets get it sorted.
Ihatemidweektvgames
10/09/2012 16:53:00
0
I to quite like SAF and i believe he has pompey's best interest at heart i would't be opposed to him coming back to the club, but im not sure if i would like him to be in full control as i think he has caught the bug and would let his heart rule his head not good business sense to be honest.
nobby1954
10/09/2012 17:38:00
0
Hmm..I liked Al fatty, as he was once called, I liked it that he went to Millwall away sat there unannounced, until recognised then received pelters. I liked tat he tried to help the trust out and offer his shares, and like it that he -if him- is still trying to get investment, However my issue is the same as i had with GAYDAMAK, my question now is as it was then, WHY US? The answer i came to then was PROPERTY DEVELOPMENT and it is now, I think the land around FP is so important, and will be what these GAMBLERS/INVESTORS will be looking at to gain on their outlay. I think it is so important that the trust get some hold and say on the running of the club. A partnership could work, PST have spoken to PD's already, although renting FP fills me with fear, just look at Coventry's situation. CAUTION would be my word to TB, my next would be give it to the trust
plymouth graham
10/09/2012 18:06:00
0
Agreed, I always liked the guy, SAF always seemed genuine and clearly likes our club so I have no qualms about him becoming involved again. After all, if it's Channers vs SAF it's no contest.
Et_tu_Pompeii
10/09/2012 18:09:00
0
Graham if the money and bid are real the trust is in nI position to demand partnerships - the inconvenient truth is the trust has the least amount of finance and the most debt leverage of both the options. . Also I'm not sure what papers you read but a 5 min but of googling high lights it is now almost de-riguer to own a football club for any self respecting Arab to own a football club if he wants to get invited to the rulers parties. And quite frankly what's wrong if someone develops the waste land adjacent the ground, you probably cant see it from Plymouth but its an eye sore, some of my family live in Frensham Rd and they have to look at it every day- they want it developed- so why shouldn't Pompey benefit from that?
RussellM
11/09/2012 02:58:00
0
I know I have been away a while but reading these comments I think I have been living in a parallel universe. Saf was subject to immense criticsm on this forum in all the previous takeover fiasco's, now all of a sudden he is a good guy. The guy is nuts, remember the web searches and the bogus credentials he concocted. Everyone knows we are in terrible trouble and we need a secure future if we can find a way forward. But this way is so wrong.
Mike1954
11/09/2012 14:14:00
0
I agree this would be almost certainly as bad as cala from atlantis. Stability instead of bull5hit is needed
Super Bock 1898
11/09/2012 14:50:00
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