Portsmouth 'takeover' not all it seems?
Read the article on Mr Al-Fahim with some interest and indeed with a bit of concern (at first!!).
It appears that possibly the long period of time for the takeover may have been down to the fact that SAF simply hasn't got the money we thought he had. According to the report we were only 5 days away from going into administration (gulp scary). Sasha it would appear has possibly saved the day by agreeing to a settlement which although doesn't relieve him of all responsibility, it will though give him some cash back and also proceeds from the recent player sales and proposed Crouch sell as well as, will give him some of the pay back he wanted.
SAF will assume responsibility as Chairman and take on the ongoing running costs and any new player purchase. Perhaps looking at this from the other perspective, is this perhaps a ruthless piece of smart business on his part? He has now taken control of the Club and is now a high profile football club owner. He has taken this role on yet clearly hasn't had to fork out anywhere near what Sasha valued the club at and also left him with some of the debt!. He is left responsible for the new era and future spending with possibly a few million in his bank account more than originally thought, certainly by everybody …accept maybe by the man himself. Did he have in the famous quote of Baldric, 'a cunning plan'?
It will be interesting now to see what his 48 page document of proposals will bring, maybe nothing, a few million on players to keep us in the Premiership and offer some stability to the finances and that's just about it. Or maybe we will get the eagerly awaited training ground and the plans for either refurbishing Fratton or ideally the new ground put into action and push our great club onwards.
Clearly interesting times ahead for the club…never a dull moment being a Pompey fan!!!!. Always be there, wherever, whoever we play--PUP
Blarmy Written by Blarmy
.The views within this article are the views of the individual who wrote and submitted this piece, sometimes solely theirs. They are not necessarily shared by the Vital Pompey Site Journalists.