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Pompey fans hit out at Balram Chainrai
Published in the News on Wednesday 26 September 2012 19:44
POMPEY fans have hit out at Balram Chainrai for suggesting their bid to take over the club was in difficulty – and say it is alive and kicking.
There are two serious bids in the running for Portsmouth Football Club – one put forward by the Pompey Supporters’ Trust and the other by the club’s former owner Mr Chainrai’s company Portpin.
Last week Portpin questioned whether the trust had enough money to take over the club - but its chairman Ashley Brown says the
trust is still ‘ready, willing and able’ to proceed with the purchase.
He said: ‘We want to update our members and supporters on our position.
‘Our bid is sensible, financially sustainable and viable.
‘We firmly believe our bid is the best for the future of the football club, and offers a fair return to all creditors including the small creditors who have still not been paid from the previous period of administration.
‘We believe Portpin is the wrong choice for PFC.
‘Let’s not forget the actions of Portpin have led to Portsmouth FC suffering two relegations, lose 19 points, with another ten on the cards, and go into administration twice.
‘Local businesses and charities have suffered the consequences of their actions, as well as the players and staff, not to mention the fans.
‘Portpin’s comments in the media about our bid not being financially viable are simply untrue.
‘Our bid is fully funded and the business plan is robust, both of which have been accepted by the league and PKF.’
The trust has already written to the league to question whether Portpin’s bid is eligible under the Football League’s rule book and Owners And Directors’ Test guidelines.
Mr Brown added: ‘Pompey fans have experienced a huge amount of uncertainty in the last ten months.
‘Our forecasts, as they involve new money, are significantly better than Portpin’s, which will introduce significant debt from day one. Our proposals also result in the re-uniting of the club and the ground on a debt-free basis.
‘We have a united, professional bid team, the support of our local MP and council, and of Pompey fans who have funded our bid.
‘We have a very good bid on the table, and it will stay there until we receive formal notification that another bidder has been selected and approved by the football governing bodies.’