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Rival Bid For Pompey On The Table

06 Feb 2013 23:09:20

Rival Bid For Pompey On The Table

Portpin won't quit as another stooge attempts to buy the club.

Financier Keith Harris has launched a bid to take over Portsmouth Football Club, although Portpin seem to be behind the deal.

Harris has brokered deals in football before, namely Carson Yeung's deal for Birmingham City and he was also part of the Red Knights group that failed to buy Manchester United.

More importantly, he was the man that introduced CSI to Portpin as a group that could take the club over despite the ridiculous demands Balram Chainrai and co. were making at the time.

However, given that his own company (Seymour Pierce) is on the brink of financial collapse and that this bid is reportedly reliant on Harris (and whoever else he might be with) leasing Fratton Park from Portpin, it's clear to see that Harris is nothing but a stooge for Chainrai.

The fact that ex-Portsmouth financial director John Redgate is in on the act means you can see the links to the past regime are attempting to gain control of the club once again.

Hopefully PKF will treat this "bidf" with contempt it deserves and even if they don't thenthe Football League should be able to link Harris and his cronies back to Portpin and will not allow this bid to be given any credibility whatsoever.

The bad news is that this latest move from Portpin could well delay a takeover from the Trust. The longer it takes, the longer the "High Net Worth" individuals have to keep financing the club and the more likely the points deduction will carry over to next season with the March 28th deadline getting closer.

Hopefully this latest hitch is resolved quickly and the club will be taken over before it is too late.

Source: Fratton Faithful


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