Portsmouth - 'I'm not reluctant anymore. I've changed my mind'
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'I'm not reluctant anymore. I've changed my mind'

These words 'I'm not reluctant anymore. I've changed my mind' pretty much, for me, sum up exactly why Balram Chainrai SHOULD NOT be the next owner of Pompey...

I find it hard to believe these are genuine thoughts and are anything other than just thoughts he gives to give a view he feels people want to hear and will fall for!

Among other things Chainrai, on Tuesday, told The BBC: 'the club has no value in League One. Everybody knows that.

'So I'm going to put money in to return them to their glories and then sell the club. But who knows? I might enjoy it so much I won't sell it.

'I'm not reluctant anymore. I've changed my mind.'

So, Chainrai you have suddenly gone from a self-confessed 'reluctant owner' who just wanted back in to 'protect your investment' into someone who 'cares' and wants to 'put more money in' to build us up again!

Ok Chainrai, whatever you say...

He also said that the 'in-fighting' and 'lack of actual money' meant that The PST's bid had 'no substance' and would fail: 'PKF weren't able to confirm PST as preferred bidders because its offer has no substance.

'(PKF) realised that once you start the due diligence on the trust's offer, there is no actual money in place and there are about 30 of them all trying to run it. You can't run a business like that.

'We have the money and experience needed to take the club back where it belongs.'

Yep, previous certainly shows what you are capable of!

In the interests of fairness, when a takeover is based largely on 'pledges' I once more have to say that it is indeed difficult to know exactly what funding is in place but what I know, well believe is, that a fans run club continues to give us the best chances of a long-term future as a club, and probably the creditors too...

Colin Farmery hit back, saying: 'I am a bit bemused by Mr Chainrai's statements. The last time we heard from the administrators there were no issues in terms of our bid stacking up financially - and the Football League has made it clear they have no issues either.

'As for 'in-fighting', nothing could be further from the truth. PST has been consistent throughout in our belief that we offer the best deal for creditors and the club. We are completely united in our goal.'

I am glad to see that, eventually, more voted in favour of The PST than Chainrai in our most recent poll, details below...

What the poll asked - Who do you want to takeover?

How you voted - PST 40%
Chainrai 36%
Anyone that can give us a future! 10%
Portco 9%
Mystery sixth bidder? 3%
SAF 2%
Bassini 0%

My views on Chainrai are pretty clear, but for a while I really feared that more on Vital genuinely wanted him back than not!

He, Chainrai, does concede that he might not pass the fit and proper persons tests though, which he would not do so if it is proven that he - and/or Portpin's - actions have twice resulted in us going into administration.

Without a shadow of a doubt they once put us into admin, if they indeed played enough of a part in us going into admin again when CSI owned us then they would be 'disqualified' from being our owners under fit and proper test rules!

The football authorities have let us, and others, down - us more than most! - so I do not hold my breathe about them getting it right this time mind!

There is, whatever happens (and whoever takes over) still a long old battle ahead methinks and regardless as to which one, The PST or Balram Chainrai, gets the nod a probable court battle will follow...


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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Wednesday September 26 2012

Time: 5:59PM

Your Comments (oldest first)

Change to most recent first
I still feel Chan is a financially more viable option - your banner also takes the comment out of context and you still can't produce a balanced article. How does the trust have the money for a court battle Mr Rug? I also see that you choose not to highlight that it could be interpreted that 60% of your contributors didn't vote for the trust . Even if you split the 10% as per the base figure so be generous and say 5.5 - 4.5 on favour of the trust you still don't get a pro trust result - but hey that's just your own statistics. I also don't think i voted so add me to the pro Chan vote - tell me the total amount of voters and re- issue the count. I'm a creditor ( not a small one either) and if you get your way I fully expect to get nothing and another administration soon. I also think you suspicions are correct the majority of regular contributors would accept Chanrai back in the short term. Tbh it's all irrelevant as it seems to me the FL is taking the lead not TB or TB is biding his time for one of the outsiders.
Report Abuse
26/09/2012 18:24:00

so, chainrai takes us on in 'the short-term' then russ do you think he will pay-off the creditors (like he did last time!) or just them palm it off onto someone else, which i what i reckon he will do when (and probably not if) he sells us onto another shyster so this never ending ride ends and we (probably) end us back in admin anyway...
i am sick and tired of the whole thing but if there is enough money in the pledges pot, with The PST genuinely think that enough will still be there despite the obvious dropout then a fan run club surely has to be the only option to give us a long-term future, and give the creditors the best opportunity of not being screwed over again? altho i think that you and i have 'agreed to disagree' on this issue, so i respect your thoughts even if i do not agree as you do not with mine :-)
Report Abuse
26/09/2012 18:43:00

My opinion is coloured by the fact that I am in a group of substantial creditors and I am not a real Pompey fan again according to Peter Storrie's best chum Colin Farmery. Funny enough it was Storrie backed by Farmery who questioned our loyalty last time cos we dared ask where the money was.
Report Abuse
26/09/2012 18:43:00

but russ is chainrai not the very same man who PROMISED to pay off all unsecured businesses and charities in full last time personally - but did not!
like i say i still feel that the club, and the creditors, have the best chance of a better deal under a fans owned club that would (if fans liked it or not!) lived within our means exclusively without looking to push these in search of a 'holly grail' that might never be...
Report Abuse
26/09/2012 18:50:00

If my failing memory serves me correct then you're wrong Rug. I think he said he would pay off the small creditors (under 3000??) in full. Have to agree with Russell on this.
Report Abuse
26/09/2012 21:59:00

that is what i meant when i said unsecured businesses and charities blue, and i think it was 2500 and under... either way he DID NOT pay them having PROMISED to personally do this!
Report Abuse
27/09/2012 08:40:00

Its funny how different people see things - Russ says he is a creditor and for reasons that still elude me believes that is the best way to get a return - 1p inb the pound Russ? That is mainly down to BC. Then there is a guy who is also says he is a creditor who wrote to the FL imploring them to promote the Trust as he saw things as BC would not honour creditors/CVA again. Funny old game - I can not imagine as much as 45% would want BC back above all else. In fact I would be surprised if its 10% based on most fan sites and opinions of friends of mine. Even the stripy ones lament the possibility of BC coming back in for us.
Report Abuse
27/09/2012 09:06:00


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