Administrator upbeat over Pompey survival

23 October 2010 11:09
Portsmouth administrator Andrew Andronikou remains confident that the club will escape the threat of liquidation, despite dire reports suggesting that the end could be near. A disagreement with former owner Alexandre Gaydamak has threatened the future of the crisis-torn South Coast outfit, but Andronikou is trying to remain upbeat. He told BBC Radio 5 live: "I think common sense will prevail and all parties will come to the table this weekend - but it has to be this weekend. "Yesterday evening's activities were really a wake-up call for everybody to say 'look, we just can't sit here whilst everybody else finesses their position. It is about coming to the table and cutting a deal'. "I'm waiting to hear from Gaydamak or his representatives and I've made it publicly known I'm available 24/7 to get this done. "I'm sure that once we do get round the table, this matter will be resolved rather quickly and rather than talking about liquidation we'll be talking about exiting administration. "All other parties are satisfied. We have documents ready to go. We are as close to coming out of administration as to liquidation. It's a very unusual situation. "We've been taken to the brink. We've got the assistance of all parties but one. "We've put together proposals that will mitigate the situation for lots of creditors. We need his support. "We're not in a situation where the club has recovered. there's still a process to go through."

Source: ESA

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