Pompey's fans and staff praised as (another) new era begins
By Site reporter
Sunday 24 Oct 2010 20:51:00
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The part Pompey’s fans and staff played in keeping the club ticking over during the darkest days of administration has been highlighted by chief executive David Lampitt.

And Balram Chainrai marked the beginning of his second spell as owner of PFC by saying he would make no rash promises of what might be achieved – ahead of the job of making the club stable again after so many months of instability.


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The agreement to pass ownership to Chainrai went through on Saturday night, just 24 hours after the club warned it could go out of business because Sacha Gaydamak was making new financial demands before signing his part of the agreement.

Lampitt said on the Pompey website: ‘It is a huge relief to come out of Administration because the future of the club has been in jeopardy for a long time. It is a significant moment for everyone involved in the club, and we are now in a position where we can look to move forward on a more stable financial footing.

'This has been an extremely tough journey and the legacy of past events at the club means we still have a long way to travel and a number of battles to fight. However, throughout these difficult times one thing has remained constant - the incredible support of our fans, whose loyalty and patience has been tested to the limit.

'After the events of the last 48 hours, the support at Hull on Saturday typified the spirit of this great club. You have played a huge part in getting the club back on its feet and I would like to thank everyone who has stuck by us.

'I would also like to thank my staff whose commitment to the club has never wavered during an incredibly difficult period.

‘Finally, an important word of thanks goes to the Administrators - Andrew Andronikou, Peter Kubik, Michael Kiely and the other UHY staff - as well as their lawyers at Walker Morris. The work that has gone on behind the scenes to get us over the line should not be underestimated or forgotten about.'

Chainrai said: 'We are very pleased to have finally completed the sale process. We look forward to working with the senior executive team and the football manager, and to be part of the rebuilding process of this historic club.

'We're not going to make any rash promises - first of all, we need to stabilise and Levi and I will be taking time to get a closer understanding of the business so that we can ensure the club is taken forward in the right way.

'Having supported the club through the administration process, we pray that the team will continue its fantastic recent winning run, and we send our thanks and best wishes to Steve Cotterill and his players for the outstanding way they have performed despite the uncertain circumstances off the pitch.'

The first time Chainrai took over at Pompey, he admitted he had no long-term plan to stay involved.. What everyone wants to know now is whether that has changed…

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