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Point deduction reaffirmed

Point deduction reaffirmed

A statement, as I am sure many of you would have already seen on The Pompey Site, has been issued by the football league today.

So long as the court case this week goes in our favour, and if that is the case further funding comes from for The PST from the fans, the takeover will go through - although with the takeover will come the deduction of the 10pts previously threatened.

This statement read as follows...

'The Football League has received details of a proposal by Pompey Supporters' Trust and its partner investors to acquire the assets and certain liabilities of Portsmouth Football Club.

'Having considered the proposal in detail, the board concluded that it had significant merit.

'However, two outstanding points will have to be resolved before the board can fully consider PST's application to become the new owner of Portsmouth Football Club. They are the outcome of the current High Court proceedings relating to the ownership of Fratton Park and PST raising the remaining funding from supporters that is anticipated in its business plan.

'The board also confirmed that ongoing membership of The League would be subject to a number of conditions that seek to ensure the sporting integrity of league football and the financial viability of the club going forward.

'It therefore reaffirmed its earlier decision that these conditions would include a deduction of 10 points (applicable at the point of transfer of share) and a range of other restrictions on playing budgets and future borrowing for the next four seasons.
'

There had been a few rumblings that the 10pts deduction 'might not' happen, but lets face it I think we had all pretty much accepted - even if it might have been deemed harsh - accepted this was going to happen when we finally do exit admin again, which we seem to have been in for an age!

So, come Saturday we could possibly be second from bottom on 10pts leaving us some 9pts from safety...

The importance of the upcoming chaotic Christmas period grows once this is confirmed as we desperately need to be putting ourselves within touching distance of those outside the bottom 4 come the New Year, positively our goal difference is pretty good though.

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Writer:pompeyrug
Date:Monday December 10 2012
Time: 3:39PM

Comments

0
almost certainly down now, 'if' we ended the years with 4 wins we have a chance...
pompeyrug
10/12/2012 15:46:00
0
There a long way to go and if we can attract a few more decent signings and keep our better players who knows!!
eastneydave
10/12/2012 19:22:00
0
I don't know why this is news; at what point did people think there would be no points deduction ? And why? Totally stupid to think league rules shouldn't be applied to us.
russellm
10/12/2012 20:34:00
0
Although I think players like Izale will leave and it will be tough; there is a reason no other club wants these players. to be honest i think the decline has a with Eddie How's return to Bournemouth. All that said, I agree with EadtneyDave ( who's origins remain a mystery- but thought to be somewhere. Fareh way) but it needs home wins and away draws - Redknappesque effort.
russellm
11/12/2012 07:24:00
0
It's a big ask to make up 10 pts which I still find quite unjust but sometimes you think they would rather we be in he non-league & out of their hair. Bigger picture is the survival of the club.
storagematt
12/12/2012 10:30:00
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