'Cautious optimism' at Pompey

Portsmouth are "cautiously optimistic" they will avoid going into liquidation as Friday's deadline to save the club looms.

Last Updated: 09/08/12 at 16:11

Portsmouth: Friday deadline looming large

Portsmouth: Friday deadline looming large

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Administrator Trevor Birch said last month that Pompey's high earners must be off the wage bill by August 10 or there would be no chance of rescuing the stricken club.

And today he revealed Israeli defender Tal Ben Haim - reportedly on £36,000 per week - had left Fratton Park after reaching a compromise agreement.

Birch also expects to make an announcement on the future of midfielder Liam Lawrence, the last remaining senior player on Pompey's books, within the next 24 hours while talks are ongoing with former striker Kanu after he left with a year remaining on his contract.

Therefore, negotiations with former owner Balram Chainrai's company Portpin over their takeover should take place over the next few days.

In a statement, Birch said: "I am pleased to announce we have reached a compromise agreement with Tal Ben Haim, who will now leave the club.

"We expect to make an announcement on Liam Lawrence's future later and, whilst the situation with Kanu has not yet been resolved, we are cautiously optimistic about our prospects.

"The progress we have made over the past 24 hours means there is now a much better prospect of meeting the conditions of the CVA (company voluntary agreement), completing the sale of the club and avoiding liquidation.

"As a result, we will now push on with our negotiations with Portpin, with a view to finalising a deal in the next few days.

"There is still more to do, and the club's future is not yet guaranteed, but we're in a stronger position and will now take some additional time to try to conclude matters."

It also emerged on Thursday that Portsmouth Council have agreed to loan rival bidders, the Pompey Supporters' Trust, £1.45million towards their proposal to buy the club.

Fratton Park staff had been told to be prepared to clear their desks if the deadline was not met.

However manager Michael Appleton, who is working with a squad made up of trialists and youngsters, told The News: "I haven't cleared my desk but there isn't much in there, to be fair.

"My gut instinct is that the club will be fine.

"If we get to a situation where I am able to do work and bring players in, I would like that as quickly as possible.

"That would give me a few days before the season starts. But, obviously, it's so important that the club survives and that we are competitive for next season."

Portsmouth will begin the npower League One campaign next weekend on minus 10 points and are due to start their season with a Capital One Cup clash against Plymouth on Tuesday.

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

really enjoyed this. Thanks F365 for another year of work avoidance - happy Christmas.

megabrow (cufc)
Our Person Of The Year: Alan Pardew

I

m no Sam Fan and this article sums him up beautifully. I always like to imagine that when he watches anything on TV and hears clapping, he stands up and aknowledges the applause, thinking its for him!

cozens
Football Managers On TV: Sam Allardyce

N

ah, Fergie is just having another pop at Rooney. He just wants to put him down whenever he gets a chance. Rooney is by far the best English player. Carrick is not far behind, mind. However, by elevating Carrick like that, Sir is having a dig at Wayne. Fergie is well-known for mind games like that. Good to see he's still feisty.

timbo
Van Gaal will thrive - Ferguson

Footer 365

Premier League: Nemanja Matic says Chelsea can win quadruple

Chelsea midfielder Nemanja Matic insists the Blues can win the quadruple this season.

Ronald Koeman facing selection crisis ahead of Southampton's match against Everton

Harrison Reed's impressive display against Everton has given Ronald Koeman a selection dilemma.

Scottish Championship: SFA has reject Rangers' request to increase Mike Ashley's shareholding in club

The SFA has turned down a request from Rangers to allow Mike Ashley to increase his shareholding in the club to 29.9 per cent.

Mail Box

Van Gaal's Half-Term Report Card...

One Man United fan isn't happy with the rate the team is progressing under Louis van Gaal, while the mailbox also wishes Liverpool fans a Merry Mid-Table Christmas...

Hang On, Rafa's Success Is No Fluke...

The afternoon mailbox kicks the morning mailbox's arse after claims that Rafa Benitez has fluked his success. Plus, big talk about Liverpool's progress and lots more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property