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What the hell is happening at Portsmouth FC

John Williams - Friday 02.10.09, 13:06pm

portsmouth fc

portsmouth fc

Portsmouth owner Sulaiman Al Fahim is reported to be in a hospital in Dubai about to undergo an operation, not to remove his wallet as most Pompey fans would like, but to remove kidney stones.

A brief statement from the south coast club to the BBC suggests that the situation will not have a bearing on either the refinancing or management of Portsmouth Football Club.

The loyal fans of Portsmouth must be gutted by the take over, as a football fan I am stunned at how things have developed for the worse at the club, particularly after seeing their rivals in Southampton going into administration earlier this year.

The big question is does Al Fahim have the backing that he says he has or are we about to witness another Michael Knighton situation where the ‘backers’ disappeared as soon as he had announced his takeover of Manchester United in 1989.

There are serious questions to be answered by Al Fahim and Portsmouth FC can no longer accept his empty promises, a situation that the board are only too aware of having issued a strongly worded statement yesterday insisting that he finds a ‘permanent financing solution’ for the club.

The board have also stated that they are in the final stages of securing funding to pay the players wages this week and are working closely with Al Fahim’s advisors regarding the owners ‘promise’ of  a £50million cash injection.

Having kept the club afloat during some particularly dreadful times financially last season when Portsmouth came close to going into administration, Chief Executive Peter Storrie is now losing patience with Al Fahim and has threatened to leave the club unless the situation is resolved very soon.

Having seen the big money takeovers and cash injections at other clubs, most recently Manchester City, Portsmouth fans must find these developments a bit of a bitter pill to swallow.

Not only did the protracted negotiations between the club and Al Fahim extend through the summer transfer window, leaving very little time to secure new players for the club, but also during that period they had to sell some of their best players to keep the business afloat.

Already Pompey are in a precarious position at the foot of the table with no points from seven games and no matter what happens in the next few weeks they look set for a long battle in the relegation zone for the rest of the season. Digg Technorati Blinklist Furl Reddit
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