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4:36pm Thursday 4th February 2010 in
POMPEY are requesting that the court date about their winding-up order be delayed.
The Premier League club, which was today taken over for the third time this season, outlined the intention in a statement.
The statement read: "Balram Chainrai has exercised a clause in the security arrangement with Falcondrone Ltd to take a controlling interest in Portsmouth Football Club.
"Mr Chainrai wishes to stabilise the club’s situation until new owners for the club are found.
"The security arrangement with Falcondrone Ltd is based on documents drawn up by Fuglers law firm as part of the original draw down of the loan, depositing with Mr Chainrai the original share certificate and a signed but undated share transfer in favour of Mr Chainrai, which could be dated and exercised in the event of default on the terms of the loan agreement.
"Peter Storrie continues as the chief executive officer of the club and continues to run the club. Meanwhile new owners are being found for the long-term future of the club.
"The club will now apply to HMRC to adjourn next week's winding-up hearing to allow time for the club to be stabilised and new owners found.
"New directors will be appointed to the board and Daniel Azougy will no longer be involved with any part of the club.
"The importance and priority is to stabilise the business and give the players, staff and fans of Portsmouth FC confidence that the club will go forward."
Comments(25)
fred the red
says...
4:51pm Thu 4 Feb 10
Totton Ric
says...
5:14pm Thu 4 Feb 10
Lone Ranger
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5:26pm Thu 4 Feb 10
UTS
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5:34pm Thu 4 Feb 10
My View from the Hill
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5:39pm Thu 4 Feb 10
saint Compo
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6:01pm Thu 4 Feb 10
Ozmosis
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6:33pm Thu 4 Feb 10
normsted
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6:35pm Thu 4 Feb 10
Miltonroadend
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8:59pm Thu 4 Feb 10
St Retford wrote:Too right!
This is exactly what I said would happen in the other thread. Regardless of how the shares are jiggled around, it's still the same company and it still owes the same money to HMRC so Pompey should face them in court. I'm guessing Chainrai has the resources to at least keep Pompey going in the short term but for how much longer will he pour good money after bad? No one is going to buy that club.
slugger
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9:16pm Thu 4 Feb 10
St. Curious Chimp
says...
9:19pm Thu 4 Feb 10
Bunman
says...
9:31pm Thu 4 Feb 10
St. Curious Chimp wrote:and how does going down the pan help anyone? Bad for football (hopefully the lessons from this will help change the game (rules, role of the PL etc), bad for us and probably bad for you too! Been looking on this site since the draw to see what's going on at your end and the comments are quite readable! Just can't see why so called 'football fans' are so keen to see a football club go bust!
..... absolutely ......... incredibly annoying and sooooo frustrating that this joke of a club will most probably get the hearing delayed and then get sorted, why oh why if the HMRC are called in and there is a hearing - then surely this pathetic club should go down the pan !!!! if this does'nt happen then whats the point of having the winding up petition on the 10th Feb 2010, i bet they get the adjournment because they are a so called premiership outfit ................... curiously disgusted with the whole situation, why should they be allowed more time, i thought the whole point of the HMRC when called in is to be unsympathetic to any situation !!!!
H0ckeyd
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9:51pm Thu 4 Feb 10
St. Curious Chimp
says...
10:01pm Thu 4 Feb 10
Bunman wrote:bunman, i have no sympathy or respect for the team you support, i, like so many have no feelings or sentiment toward your so called team, it has been run like a joke from the start if i have read right, so sorry if your a genuine football fan, i would not speak bad about the supporters but the club you support i would like to see no more of ...... the chimp
St. Curious Chimp wrote: ..... absolutely ......... incredibly annoying and sooooo frustrating that this joke of a club will most probably get the hearing delayed and then get sorted, why oh why if the HMRC are called in and there is a hearing - then surely this pathetic club should go down the pan !!!! if this does'nt happen then whats the point of having the winding up petition on the 10th Feb 2010, i bet they get the adjournment because they are a so called premiership outfit ................... curiously disgusted with the whole situation, why should they be allowed more time, i thought the whole point of the HMRC when called in is to be unsympathetic to any situation !!!!and how does going down the pan help anyone? Bad for football (hopefully the lessons from this will help change the game (rules, role of the PL etc), bad for us and probably bad for you too! Been looking on this site since the draw to see what's going on at your end and the comments are quite readable! Just can't see why so called 'football fans' are so keen to see a football club go bust!
Costa Baz
says...
10:20pm Thu 4 Feb 10
Bunman wrote:Most of those wishing that your club will go bust are reacting to the bile and spite visited upon us, by Pompey supporters, when we were similarly placed last summer.
St. Curious Chimp wrote: ..... absolutely ......... incredibly annoying and sooooo frustrating that this joke of a club will most probably get the hearing delayed and then get sorted, why oh why if the HMRC are called in and there is a hearing - then surely this pathetic club should go down the pan !!!! if this does'nt happen then whats the point of having the winding up petition on the 10th Feb 2010, i bet they get the adjournment because they are a so called premiership outfit ................... curiously disgusted with the whole situation, why should they be allowed more time, i thought the whole point of the HMRC when called in is to be unsympathetic to any situation !!!!and how does going down the pan help anyone? Bad for football (hopefully the lessons from this will help change the game (rules, role of the PL etc), bad for us and probably bad for you too! Been looking on this site since the draw to see what's going on at your end and the comments are quite readable! Just can't see why so called 'football fans' are so keen to see a football club go bust!
Ajvsaint
says...
10:29pm Thu 4 Feb 10
Costa Baz wrote:Totally agree, it wasnt long ago that we were in danger of dissapearing and whilst there was some sympathy shown to us from down the road, there was also alot of real contempt shown by as you call them"so called football fans" mate what goes around comes around to us all. That having been said, local competition is healthy and I for one wish you guys the best and hope you still have a club next year.
Bunman wrote:Most of those wishing that your club will go bust are reacting to the bile and spite visited upon us, by Pompey supporters, when we were similarly placed last summer. You may have been one of them? Whether you were or not I don't care, but try asking the same question of your fellow supporters. Also ask yourself why you have conveniently chosen to ignore the comments made by those Saints fans hoping you survive and have focussed on those wanting your club to end.St. Curious Chimp wrote: ..... absolutely ......... incredibly annoying and sooooo frustrating that this joke of a club will most probably get the hearing delayed and then get sorted, why oh why if the HMRC are called in and there is a hearing - then surely this pathetic club should go down the pan !!!! if this does'nt happen then whats the point of having the winding up petition on the 10th Feb 2010, i bet they get the adjournment because they are a so called premiership outfit ................... curiously disgusted with the whole situation, why should they be allowed more time, i thought the whole point of the HMRC when called in is to be unsympathetic to any situation !!!!and how does going down the pan help anyone? Bad for football (hopefully the lessons from this will help change the game (rules, role of the PL etc), bad for us and probably bad for you too! Been looking on this site since the draw to see what's going on at your end and the comments are quite readable! Just can't see why so called 'football fans' are so keen to see a football club go bust!
saint elvis
says...
10:02am Fri 5 Feb 10
Bunman wrote:wrong site Bunman! this is a football and pie forum!
St. Curious Chimp wrote:and how does going down the pan help anyone? Bad for football (hopefully the lessons from this will help change the game (rules, role of the PL etc), bad for us and probably bad for you too! Been looking on this site since the draw to see what's going on at your end and the comments are quite readable! Just can't see why so called 'football fans' are so keen to see a football club go bust!
..... absolutely ......... incredibly annoying and sooooo frustrating that this joke of a club will most probably get the hearing delayed and then get sorted, why oh why if the HMRC are called in and there is a hearing - then surely this pathetic club should go down the pan !!!! if this does'nt happen then whats the point of having the winding up petition on the 10th Feb 2010, i bet they get the adjournment because they are a so called premiership outfit ................... curiously disgusted with the whole situation, why should they be allowed more time, i thought the whole point of the HMRC when called in is to be unsympathetic to any situation !!!!
costa gaz
says...
10:17am Fri 5 Feb 10
E-M27
says...
10:43am Fri 5 Feb 10
News Fanatic
says...
10:52am Fri 5 Feb 10
Papa_Lazarou
says...
11:56am Fri 5 Feb 10
News Fanatic wrote:To be fair to ol' Avram, its probably the closes he will get to a happy ending all season..
Did anyone see this?
Avram Grant’s wife Tzofit was apparently relaxed about the incident when talking to reporters yesterday.
She told the Daily Telegraph’s Gordon Rayner: "He’s the manager of Portsmouth. Do you know how tough that is? He’s a great manager stuck in a crappy team. He works hard, he needs two massages a day."
Bunman
says...
1:08pm Fri 5 Feb 10
St. Curious Chimp
says...
6:52pm Fri 5 Feb 10
voyager069
says...
9:59am Thu 11 Feb 10
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St Retford says...
4:50pm Thu 4 Feb 10
I'm guessing Chainrai has the resources to at least keep Pompey going in the short term but for how much longer will he pour good money after bad? No one is going to buy that club.