Pompey look set to be dealt a big blow after The Football League confirmed this afternoon that they will allow Pompey into League One for the 2012-13 season – but they will start on minus 10 points.
In addition, the Football League also confirmed that the club cannot carry all their secured debt forward, and must pay all football creditors in full and submit to a number of strict financial controls. Whoever takes control of the club, whether it be Balram Chainrai or the Pompey Supporter’s Trust, they will need to accept the above conditions.
You can read the full statement from the Football League here which confirms that the following conditions must be accepted:
1. Accept a deduction of 10 points in the 2012/13 season;
2. Agree that only a limited proportion of the secured debt from the previous club can be carried forward into the new company as secured debt.
3. Pay all football creditors in full, unless mutually acceptable compromise agreements are put in place.
4. Agree to a range of other restrictions on playing budgets, future borrowing and loan repayments for the next 5 seasons.
It is now up to administrator Trevor Birch to seek to finalise arrangements for the sale of the club with the Pompey Supporter’s Trust and Balram Chainrai. The Board will consider the application for transfer of membership once the administrator has selected the final purchaser.
It seems the Football League are treating us like a club that have actually gone in to liquidation, but giving us no choice but to be kept on a tight lead, and if we decline it then we can’t play in the Football League. The club will now be hit with their third points deduction in four seasons as they kick the club whilst they are down.
There is no doubting that the Football League are trying to make an example of Portsmouth Football Club and once again they are punishing the wrong people. The ones who caused our beloved football club to find itself in this situation and have long gone – all that remain now are the passionate dedicated fans and a few of the staff.
It looks like ‘Minus Ten, Who Gives A Fuck, We’re Super Pompey, And We’re Staying Up’ will be sung at Fratton Park for another season….