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Pompey dismiss Sacha selling talk

Pompey have moved to dismiss talk that is 'claiming' Sacha Gaydamak is looking to sell up by releasing the following statement on the Pompey Site, which reads:

'Portsmouth Football Club today denied newspaper speculation that the club is up for sale.
Alexandre Gaydamak and the board remain totally committed to the future of the club.

They remain excited by the club's plans for a new 36,000 state-of-the-art stadium at Horsea Island, which has met with a positive response from Portsmouth City Council and the Royal Navy.

Pompey supporters have voted overwhelmingly in favour of the plan and the architects are actively putting together a planning application for the summer of 2008.

The club has moved from the threat of almost certain relegation to become a permanent fixture in the top 10 in the Premier League over a period of just two years - and now also has Academy status.

During this time there has been substantial investment by the club in its facilities, infrastructure and top players such as the recent acquisition of French international Lassana Diarra.

This continued investment will inevitably lead to interest in the acquisition of the club, which is flattering.

However, neither Mr Gaydamak, or any members of the board, have met with a potential buyer or have any plans to do so'.

Pompey's director of communications Gary Double had also previous told The News that there was no truth in the reports coming out: 'there is absolutely no truth in this whatsoever.

'The owner remains committed to this club and that is why he is continuing to invest in the squad in this transfer window'.

So there we have it, that settles things... if only we could have acted so quick to quash the talk when Harry Redknapp was linked with Newcastle eh!

PLAY UP POMPEY!

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Thursday January 31 2008

Time: 10:59AM

Your Comments

Absolute garbage. The story has been deliberately leaked to see if there are any more buyers out there and to up the price. The club has quietly been for sale for months. The Times is not known to print a story without being able to back it up.
frattonaussie
Agree, a new chapter awaits.
storagematt
I dont for one minute put anymore faith in the Times as i do the Sun. Sorry, they all print too soon and check facts later. This is the same times that 2 weeks ago, had Harry in the Newcastle Post with Diarra his first signing. got that right didnt they!
Midge
tbh i dont know what to believe - i always feel that if the official site says something it must be the truth - or near to it... i dont really want sacha to go - unless he cannot take us to a level we want to be at - but i could maybe see it happening, lets just wait and see eh...
pompeyrug
agreed 110% Pompeyrug :-)
Midge
I never know what to believe either. Sometimes these things are garbage, sometimes not. I wish I had faith in official statements from the club, unfortunately I don't. Frattonaussie, you seem to be very sure of your ground - do you mind me asking where your information comes from?
tracyc
only the bbc tells the truth thats what i have come to learn...
pompeycarpet
O'Neil is one of my boy's; Taylor isn't going anywhere, Benji is a true hero for Pompey and can stay as long as he wants;the trainng facilities will be started very soon;everything is well under way for the stadium to commence. All statements posted on the official PFC website so they must me true.Sorry Rug - not even close to the truth.
frattonaussie
Tracyc. I am retired now but over the years I have had sporting and financial dealing and therefore contacts with many many people who investigate and arrange finance and PR for sporting clubs and sporting ventures. Most of my dealings have been with what were then termed "emerging powers" from Eygpt to Japan. These emerging powers are now very wealthy areas who are looking for a high profile foothold in the UK and Europe.Eastern Europe is now also looking to establish itself in the same way. Sasha was ahead of the pack in realising this and sensing a profit was to be made. His timing has been planned so he looks good but really has a realatively small investment in Pompey. To most people $40 million is one hell of a lot of money but in terms of an EPL club it is not much. Keep in mind that during his 2 years at Pompey he has also pocketed probably 60 million plus in payouts from the EPL for TV rights etc. and is soon due for another estimated 50 million payout from them. It is a certainty that this 50 million won't be part of any sale contract. So if he sells for even 60 million, his actual return will have to have the 50 million added to it. A tidy profit in anyones terms. Large consortiums don't waste money on expensive and secret investigations of any proposed sporting purchase without first knowing they have a chance of actually buying that venture.Why then would PFC have been investigated by American and Irish interests (these investigations were leaked and were reported at the time) and Arab, Chinese and Korean interests if they hadn't been advised the club could be bought. I won't say was for sale as officially it never has been for sale.
frattonaussie
 

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