Monday 6 February 2012

Reason why it might not be doom and gloom after all!

A lot of scare-mongering is going on in Portsmouth fan circles. With 2 weeks until the HMRC wind-up petition is taken to court many fear the worse. Some are pushing for a new club to be formed already as they've 'lost faith in the club' etc.
Now personally I'm open to all opinions and will listen to everyone's feelings on the matter, but I think we will get out of this. When you think about who we owe money to i.e. Chanrai and Gaydamak (plus the other CVA creditors) they are not going to take pennies from their debts if the club get liquidated.

Chanrai will probably step in to keep the club going, if it costs him more to get his money back he will. He's not a idiot, it does not mean he'll takeover the club, more a benefactor I suppose? I'd imagine this could be because a snag might of come up in the takeover process at the moment, or he's getting worried himself over his investment into the club from the supposed Al-Faraj takeover in early 2010.
Savior once more?

If he does step in I hope he puts enough money into the club to get it to the end of the season, promising the fans to keep tickets prices the same etc. As the last thing we want is Chanrai to be chairman again, he's a businessman with no football knowledge, he's said many times before he has no interest in being a football club owner. He made this clear when he went over fans heads and upped season ticket prices and on the day prices, this caused a lot of uproar, but hardly unexpected to be honest!


Some mis-management going on down Fratton Park at the moment with another attempt to pay players wages goes wrong, which is a mess and our club are looking an utter joke. If it's that 'simple' to get a validation order why hasn't it happened already?! I hope after this financial mess is all sorted they re-shuffle the club from top to bottom, starting with a CEO, I'm losing patience with David Lampitt! But I'm not a believer in utter transparency at the club, well only on important issues which has a knock on effect, i.e. financial problems. But for some that's not enough, they'd want Fratton Park and the offices made of glass until they are completely satisfied, probably even then they'll complain!

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