Vital Football

Saviour!!!

Saviour!!!

Hallelujah, Pompey have salvation!

The statement issued by Balram Chainrai, and Portpin, on Thursday certainly paints a picture of them as 'heroes'...

This statement, starting about the amended bid, said: 'this was submitted as soon as possible to show our intention that we are serious about becoming the club's new owners again.

'Our plan is not based on the financial support of any property developers. Like the PST we have been approached by many of the same property developers but we have refused to deal with them.

'In our opinion we want to ensure that the club benefits in both the near and long term from any development at Fratton Park to the benefit of the club.

'It is our view that the ground stays under common ownership, as we have seen the damage this has caused with the land around the stadium not being owned by the club.'

How patronising is that!

It gets better though: 'our number one priority is to bring the club its stability and security of ownership and this will allow us to support Michael Appleton as he looks to build a young and talented team to take the club forward and excite the fans. It will probably be the first time in the last decade that the club will live on the financial resources that the club generates.

'We want to make it clear that 100% of the income of the Club including the remaining parachute payments will be used to pay the football creditors and run the club on solid grounds on a day to day basis, with any surplus funds being given to Michael Appleton for the first team playing squad.'

He will pay off the creditors etc., just like he did last time then eh!

In case it was not picked up there was more than a tinge of sarcasm in my opening thoughts, although I would guess that was apparent by the last line above...

If everything is as the statement makes it sound then Trevor Birch, you would think, will have little option but to accept as it would appear that this represents the best option to the creditors?

That is even if it is not the best thing for the long-term future of PFC!

What a picture this paints, but I find this very condescending - then again what I think is not what matters, what Birch and his administrative friends is...

PLAY UP POMPEY!

Click here to make your prediction: Pompey v Walsall.
Click here to make your prediction: Pompey v Swindon.

Join the Vital Pompey Debate

Vital Pompey on: facebook Vital Pompey on: twitter

Join the Vital Pompey Forum Debate



Click here to join in the debate on the club forum.

Writer:pompeyrug
Date:Friday September 14 2012
Time: 8:51AM

Comments

0
The day of reckoning has arrived - that is until the next one - and we expect a statement from TB.
eastneydave
14/09/2012 09:56:00
0
I want to trust the guy, but does he see himself as a football creditor. Please let it end soon.
Ihatemidweektvgames
14/09/2012 10:35:00
0
I don't get all the Chainrai bashing. Who wouldn't want to protect their investments? Also, he has the option and has done for a couple of years, to stop putting working capital into the club and strip whatever he can from asset sales etc, but he's not THAT much of a cold hearted business man... and he realises that he has a better chance of getting his money back by selling the club as a going concern to a credible buyer. As a point of note, now in capitals: NOBODY KNEW THAT THE PREVIOUS BUYERS (CSI RUSSIANS) WOULD LATER BE INVESTIGATED FOR £200M FRAUD. THE BANKING AUTHORITIES WHOSE JOB IT IS TO DO SUCH THINGS DID NOT KNOW. SO HOW SHOULD CHAINRAI (or the football league) HAVE KNOWN THAT? Actually I do know why the extra Chainrai bashing has come about recently... It is because of PST bid. Members and supporters of this have been pounding their propaganda on the NewsNow-linked articles and it is embarassingly tedious and transparent.
Liquor&Poker
14/09/2012 12:44:00
0
Liquor & poker you are right I think and Chan statements are no worse and frequently more accurate than the Trust's. The simple lack of balance and fiction that is reported as fact - such as Chan plans to get rid of the clubs assets ( WHAT ASSETS ARE THEIR THAT ARE DISPOSABLE FOR GOD'S SAKE) starts to grate.
RussellM
14/09/2012 16:12:00
0
no the chanrai bashing is because there is no proof that he ever put his money in Pompey via a owner that was never proven existed.
Super Bock 1898
14/09/2012 20:32:00
Page 1/1
  1. 1

Login to post a comment

Recent Portsmouth Articles

Vital Pre-Match - League 2, 27th September

The 2016-17 season continues with the latest round of matches this midweek, which will see us among those having a match in this upcoming schedule with three-points the aim of course.

Tranmere loan for Tollitt

Ahead of the weekend win over Barnet, which probably wouldn't have been a game he was involved in anyway, Ben Tollitt was sent out on loan to Tranmere.

All deserve the plaudits for that performance

I think that's a fair assessment from Cook, some played a little better than others but Barnet was a very good team performance from Pompey even if it wasn't 'really' a 5-1 scoreline.

On this day in history...26th September

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 26th September.

Archived Vital Pompey Articles

Vital Pompey articles from

Site Journalists

pompeyrug
Editor email
Profile
eastneydave
Editor email
Profile
paultsmouth
no email
Profile
Chix
no email
Profile

Current Poll (see more polls)

Blackpool v Pompey
Suggested By: pompeyrug
Pompey win67%
Draw33%
Blackpool win0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Plymouth 9 6 1 2 19 4
2 Portsmouth 9 5 2 2 17 9
3 Luton 9 5 1 3 16 8
4 Doncaster 9 5 1 3 16 7
5 Crewe 9 4 4 1 16 4
6 Carlisle 9 3 6 0 15 3
7 Morecambe 9 5 0 4 15 -2
8 Colchester 9 4 2 3 14 2
9 Notts County 9 4 2 3 14 1
10 Accrington 9 4 2 3 14 1
11 Crawley 9 4 2 3 14 -1
12 Grimsby 9 4 1 4 13 2
13 Mansfield 9 3 3 3 12 -1
14 Leyton Orient 9 3 2 4 11 0
15 Hartlepool 9 2 5 2 11 -4
16 Blackpool 9 2 4 3 10 2
17 Barnet 8 2 4 2 10 -2
18 Stevenage 9 3 1 5 10 -3
19 Yeovil 9 3 1 5 10 -4
20 Exeter 9 3 0 6 9 -5
21 Wycombe 9 2 2 5 8 -7
22 Cheltenham 9 1 4 4 7 -3
23 Newport 8 1 3 4 6 -4
24 Cambridge 9 1 3 5 6 -7
Latest F1 News
Latest Vital Boxing News

Recent Portsmouth Results (view all)

Portsmouth Fixtures (view all)

Sep 27 2016 7:45PM : Blackpool (a)
Sky Bet League Two
Oct 1 2016 3:00PM : Doncaster Rovers (H)
Sky Bet League Two
Oct 8 2016 3:00PM : Leyton Orient (a)
Sky Bet League Two
Oct 15 2016 3:00PM : Plymouth Argyle (a)
Sky Bet League Two
Oct 22 2016 3:00PM : Notts County (H)
Sky Bet League Two
Oct 29 2016 3:00PM : Cambridge United (a)
Sky Bet League Two

Vital Members League Table

RankNamePoints
1.pompeyrug57
2.storagematt26
3.Copnor4325
4.PompeyFrippy24
5.FrattonBlue22
6.eastneydave21
7.mslorna4816
8.pompeyweller14
9.uspompeyfan9
10.Dentoblue7