Source: Daily_Mail
Storrie ends Portsmouth chapter: Chief executive to resign from crisis club
Portsmouth chief executive Peter Storrie has said he will tender his resignation when the administrators sell the club. [LNB]End of a chapter: Storrie has tendered his resignation [LNB]The cash-strapped club, whose debts total more than £70million, officially went into administration on Friday morning and with it a nine-point deduction and almost certain relegation from the Barclays Premier League.[LNB]And Storrie revealed he will end his eight-year association with Portsmouth - a decision he said was taken following the abuse he and his family have received.[LNB]'My decision to stand down has not been taken lightly,' Storrie said. 'But I have hadto take into account the views of my family who have witnessedfirst-hand the effect that the last 15 months has had on our lives. [LNB]'Whilst accepting as Chief Executive of Portsmouth Football Club that it was inevitable that criticism would come my way, the overall funding of the business was the responsibility of the owner. [LNB]'What I am not prepared to accept is the very personal level of abuse on websites, emails and local radio which I have received over the last couple of days.'[LNB]Last week Storrie revealed he and his family were subjected to 'very serious threats' after Pompey's home defeat by Stoke on Saturday but vowed to fight on and save the club from oblivion.[LNB] Down and out: Pompey would need to win 11 of their remaining 12 matches to reach the 40-point mark[LNB]'I find it somewhat ironic that a couple of months ago my name was being chanted by the fans at a time when I seriously considered my position at the club,' Storrie added in a statement. [LNB]'Yet now, because I appear to be the last one left, they are calling for my head.'[LNB]Meanwhile, a spokesman for club owner Balram Chainrai defended the owner's part in proceedings. [LNB]Spokesman Phil Hall said: 'He hasn't made a penny out of the club. He was asked in October to put in £17million as a loan, for six weeks, and he agreed to do that. [LNB]'At the end of the six weeks he expected his money to be returned and that didn't happen. He gave them a bit of a grace period but the loan wasn't repaid so in January he took over the shares of the club. [LNB]'He put another £2million in this week to make sure the staff were paid.' [LNB] Portsmouth docked nine points as administration plunges cash-strapped Premier League towards relegationPortsmouth's administration means cut-backs and nine-point penaltyBlack Friday: Pompey to become first top-flight club to go into administrationPORTSMOUTH FC
