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Fighting back!

The gloves have come off and The PST come out fighting!

A response to Balram Chainrai's recent statements about what his own Portpin bid can 'bring to the club' that The PST's cannot, with his totally dismissive of the bid, has been launched.

This statement, below, was issued on The PST website (here) on Wednesday afternoon...

Pompey Supporters' Trust can confirm its bid to buy Portsmouth FC is still live and on the table.

Despite recent speculation that administrators PKF has selected Portpin as preferred bidders for Portsmouth Football Club, the Trust has not been informed of any decision to this effect officially.

Moreover, to be successful, Portpin's bid would need to be approved by the Football League.
PST has written to the league to question whether Portpin's bid is eligible under the Football League's own rule book and Owners And Directors' Test guidelines.

PST Chairman Ashley Brown commented: "Pompey fans have experienced a huge amount of uncertainty in the last ten months. This has been heightened by more speculation in the last 48 hours. We want to update our members and supporters on our position. We want to assure our supporters that we are still ready, willing and able to proceed with the purchase of the club if we are chosen to do so.

"Our bid is sensible, financially sustainable and viable. We firmly believe our bid is the best for the future of the football club, and offers a fair return to all creditors including the small creditors who have still not been paid from the previous period of administration. We believe Portpin is the wrong choice for PFC.

"Let's not forget the actions of Portpin have led to Portsmouth FC suffering two relegations, lose 19 points, with another ten on the cards, and go into administration twice. Local businesses and charities have suffered the consequences of their actions, as well as the players and staff, not to mention the fans.

"Portpin's comments in the media about our bid not being financially viable are simply untrue. Our bid is fully funded and the business plan is robust, both of which have been accepted by the league and PKF. Our forecasts, as they involve new money, are significantly better than Portpin's, which will introduce significant debt from day one. Our proposals also result in the re-uniting of the club and the ground on a debt-free basis.

"We have a united, professional bid team, the support of our local MP and council, and of Pompey fans who have funded our bid. We have a very good bid on the table, and it will stay there until we receive formal notification that another bidder has been selected and approved by the football governing bodies.
"

Well said, and good to see a few body blows given back in response to Chainrai's own punches recently!

I particularly like this bit, which I think is maybe being all too easily forgotten by some: 'let's not forget the actions of Portpin have led to Portsmouth FC suffering two relegations, lose 19 points, with another ten on the cards, and go into administration twice. Local businesses and charities have suffered the consequences of their actions, as well as the players and staff, not to mention the fans.'

That is some way to respond, we now await the next move but who will deliver the knockout blow - or is that what the footballing authorities will be doing...

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Thursday September 27 2012

Time: 12:58PM

Your Comments

Gloves off - this site has become like a boxing site recently!!! No well said Ash!! Why do we have to be kept waiting so long?
eastneydave
The bit you like Rug is very emotive but can't be all laid at BC's door. Using that basis you could say that the relegations and loss of points were down to Mandaric selling to a con-man and then .........
PFCblue
Lets not forget the actions of Portpin have prevented Pompey being liquidated - I'm sure that's what you meant to add in the tradition if editorial balance. My point of view is I am only likely to get 10% of the money I'm truly owed had Chan not done his thing I'd be getting nothing- your previous noble concern for the creditors seems to have disappeared Rug? The trust like Chan has never been honest about its bid thee has always been the drip feed of true facts and their bid is STILL not published.
russellm
Hi Russs, Im not sure a bidished can be published-can it? and did GET your money from BC, or a Promice, because that last tieI tried to spend a Promice the shop owner promiced to give the goods when i turned up with the cash.Something BC seems to have failed to doin the past
plymouth graham
Hi Russs, Im not sure a bidished can be published-can it? and did GET your money from BC, or a Promice, because that last tieI tried to spend a Promice the shop owner promiced to give the goods when i turned up with the cash.Something BC seems to have failed to doin the past
plymouth graham
but if chainrai had HONOURED his PROMISE last time Russ (not sure if you are a small creditor or above that 2,500) then you would have already had you money back - he failed to, as i say like he promised, to pay off these creditors. what makes you think he will honour his agreement this time? i would wager he will do all he can to shift us as quickly as he can with the agreements he puts in place then shifted to these new owners, and if they do not honour them you get screwed even more...
is there any proof (granted none for either) that The PST are not going to be able to honour their payment to creditors, which i thought was on a par with (if not better) than Chainrai's offer anyway!
pompeyrug
 

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