Source: Team_Talk
Gaydamak to sign new Pompey deal
Portsmouth's future looks to be safe after former owner Sacha Gaydamak said he will sign a new agreement with the Fratton Park club.[LNB] But Gaydamak also expressed his frustration with the club for scaremongering about the club being on the brink.[LNB]Under the deal, Portsmouth will pay Gaydamak £2.2million in instalments over the next five years.[LNB]Gaydamak said: "The news this week surrounding football and this club shows that the current preoccupation with money and finance isn't helping the game and its reputation.[LNB]"Portsmouth Football Club, its fans, employees, players and the community that surrounds it deserve better than being subjected to rumour resulting from some parties using the press to create uncertainty as a negotiating tactic.[LNB]"I fully intended to sign the deal on Friday and had it not been changed at the last minute I would have.[LNB]"Everyone understood on Friday that further negotiations were now required.[LNB]"A new agreement was reached late this evening and as soon as I receive the papers I will sign them.[LNB]"I hope this draws to an end this unfortunate uncertainty surrounding the club. I wish everyone involved in the club well for the future."[LNB]The club had claimed they were on the brink of ceasing trading because Gaydamak had refused to sign the deal.[LNB]Tim Stocks of Gaydamak's lawyers Taylor Wessing said there were merely some technical details to be agreed and that there was never any threat to the club.[LNB]Stocks said: "There was never any demand of £2.5million being paid in cash - there were five or six highly-technical points on some of the contracts which I had agreed with the administrator.[LNB]"I was baffled and saddened therefore to see announcements saying the club was at the brink, it has caused anxiety for no good reason. I would like to reassure Portsmouth fans that the club is not on the brink."[LNB]Portsmouth administrator Andrew Andronikou said a deal had to be done this weekend.[LNB]Andronikou said: "I think common sense will prevail and all parties will come to the table this weekend - but it has to be this weekend.[LNB]"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'."
