Date: 29th November 2011 at 4:07pm
Written by:

The Pompey Site has issued the following statement confirming that Vladimir Antonov has resigned as chairman and director and that CSI have indeed gone into admin

More below…

Portsmouth Football Club Statement

Portsmouth Football Club can today provide the following information regarding recent events as a result of issues relating to Vladimir Antonov and Snoras Bank:

The club’s parent company, Convers Sports Initiatives plc (CSI), has been placed into administration.

Vladimir Antonov has resigned as chairman and director of Portsmouth Football Club.

Portsmouth Football Club (2010) Limited – the company that operates PFC – is not in administration and continues to trade.

The club has funding in place for the short term, but will now be seeking alternative investment for its longer-term requirements.

Pompey chief executive David Lampitt said: “After the extraordinary amount of work put in by so many people over the last 18 months to get to this point, it is incredibly disappointing for the club to find itself in this position.

“I want to assure staff and fans that we will continue to do everything possible to safeguard the position of the club and its longer term future.”


Quite how much money has been ‘put aside’ and how long it will last remains to be seen, although given the operating costs of a football club, and payments that need to be repaid, you would not ‘think’ it would last that long so another new owner is being sought, again!

Maybe the ‘rumours’ that Balram Chainrai could reclaim ownership of the club once again may well be proven true?

Crook and villains need not apply, although the often do!

‘If’ we can find someone that genuinely wants to own a club and wants to save it they are going to be heavily grilled and will find, more than ever, that getting the fans to actually ‘believe’ their motives and vision will be harder than ever…

PLAY UP POMPEY!

Click here to make your prediction: Pompey v Coventry.

Join the Vital Pompey Debate

Vital Pompey on: facebook Vital Pompey on: twitter

Join the Vital Pompey Forum Debate

Frippy’s Virtual Bookies – here.