Date: 13th January 2012 at 9:57am
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Joseph Cala continues to talk up his chances of completing a takeover at Pompey – with The News ‘claiming’ that he ‘hopes an agreement can be reached by Wednesday.’

They have no direct quotes attributed to the subject but say ‘Mr Cala said he was in lengthy discussions over buying the club yesterday but was unable to finalise a deal.’

Cala continues to talk up his ‘US stock exchange’ plan saying that £20m of his own ‘personal wealth’ would be invested into the club to make sure we return to the premier league, where all the money is…

And that is where he feels even more can be made and in doing this other investors can be found.

His master plan means that he will not lose his ‘wealth in the process’: ‘I will not be losing my wealth because I will make the company public. I will own a lot of stock but then you are in the Premier League.

‘The key is to be in the Premier League.

‘If you don’t have the drive and the plan to be in the Premier League you are just going to be another club.

‘In the Premier League you already have £70m in TV rights and we should be able to get some terrific players with that kind of money.’

Increasing revenue is the key to his plan, but how will he do this with PFC?

Well ‘revenue can continue to increase by remodelling Fratton Park with hotels and car parking, and through merchandising.

I do not know guys!

As I have said previously we have to give people a chance but Cala’s plans ‘seem’ deemed for failure and something, well several things, about him leave me concerned and worried that in another 6-12-months or so we will be in no better position than we are now, if not even worse…

Time will tell if Cala really is the ‘front runner’ to takeover at Fratton but I would say it is by no means a forgone conclusion that it will be him.

Some further thoughts over the past 24-hours have been that Cala is merely the ‘front man’ for someone else?

Although as was said to me ‘a more credible person’ could have been found even if, as someone else also said, he does have ‘wealth in his own right’…

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