Pompey statement on CSI Administration
By Official Pompey
Tuesday 29 Nov 2011 15:05:00
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Portsmouth Football Club can today provide the following information regarding recent events as a result of issues relating to Vladimir Antonov and Snoras Bank:

The club's parent company, Convers Sports Initiatives plc (CSI), has been placed into administration.

Vladimir Antonov has resigned as chairman and director of Portsmouth Football Club.

Portsmouth Football Club (2010) Limited – the company that operates PFC – is not in administration and continues to trade.

The club has funding in place for the short term, but will now be seeking alternative investment for its longer-term requirements.

Pompey chief executive David Lampitt said: "After the extraordinary amount of work put in by so many people over the last 18 months to get to this point, it is incredibly disappointing for the club to find itself in this position.

"I want to assure staff and fans that we will continue to do everything possible to safeguard the position of the club and its longer term future."

This is an official statement from Portsmouth Football Club.



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