Date: 26th January 2012 at 9:17am
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Well, he is back!

Last week Joseph Cala ‘officially’ withdrew his bid for Portsmouth Football Club.

He cited a failure to ‘agree terms with the club’s major creditor Portpin, controlled by Pompey’s former owner Balram Chainrai‘ as his reason for withdrawing his bid and said he was ‘sad’ and would take a ‘sabbatical’…

This has been short-lived with him now telling BBC Radio Solent ‘he is back in the running to buy Portsmouth FC.’

The report says that ‘Cala says his banker will now deal directly with Portpin’s owners.’

Has much changed for him in a week, or however long it has been since he withdrew his interest?

Only he can answer that I guess but can he now ‘provide £12m as proof of funds, and assurances they could meet another £20m in repayments to former creditors, Chainrai and Alexandre Gaydamak‘ though…

Finally the BBC report said ‘The Portsmouth Supporters’ Trust are meeting with local businesses on Thursday in an attempt to form a consortium to help save the Championship club.’

Time is of the essence, and time is not something we have much of…

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