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Libertine Dream

Portsmouth Owner served with Arrest Warant

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Posted

Antonov Arrest Warant

It would seem Pompey could be heading for more trouble if something comes of this. Their fans seem to have given up and accept that they seem to be a place for troublemakers, some even want to just start again with AFC Portsmouth. Really do feel sorry for them, never done anything wrong.

Hope we inflict some extra misery on Saturday though.

Posted

When the fcuk are the FA actually going to attempt to stop so many iffy people coming here to get rid of dirty money?

Posted

When the fcuk are the FA actually going to attempt to stop so many iffy people coming here to get rid of dirty money?

Greg Clarke the FL supremo has admitted that the way the financial world is set up it's impossible for then to do an indepth fool proof audit of owners firstly because of the complexities and secondly because it's so expensive.

Even our owners are still clouded in mystery you don't need to be a financial Einstein to know that there is more money behind them than they care to admit to.

THE PL set the course when they split from the FA the bed has been laid and we have to lie in it.

It's really no different to the rest of the business world where it's difficult to know who actually owns what and where the money disappears to.

We're oft reminded that football is now a business above all else so we're going to have to live with it and hope that LCFC continues to survive.

Posted

Surely the FL can check prospective owners to the degree that they can seeAnkoniv is worth something around the money missing from his banks accounts. Slightly suspicous

I doubt they even know how much money he has, surely you don't believe the financial backing we've had so far is based on a their publicised wealth.

Have you not heard of tax havens, Swiss bank accounts, unknown, shadow companies etc.

Posted

I think we should send in a crack team of accountants on Satdeh to take over their office admin and sort 'em out. Anyone with a calculator up for it?

Posted

Looks like a points deduction. They really don't have much luck/judgement.

its a tough one to call... although this was an identical situation to Southampton, surely?

Administrator Andrew Andronikou does not believe Portsmouth will be hit by a points deduction.

Pompey's owners Convers Sport Initiatives entered administration on Tuesday leading to the club's owner Vladimir Antonov stepping down.

Andronikou acted as an administrator at Pompey last year and has now been appointed to a similar role with CSI.

"I can't see how the club can be deducted points. There's no football debts," he told BBC Radio Solent.

"What the club need now is someone to come in with the necessary resources to take the club forward."

Last week, Antonov and his business partner Raimondas Baranauskas appeared in court in connection with the alleged asset stripping of a bank in Lithuania.

Prosecutors in Lithuania want to question Antonov and Baranauskas as part of an investigation into claims involving Snoras Bank.

There were concerns that Pompey could be given a points deduction following the precedent set by south coast rivals Southampton in 2009.

PORTSMOUTH'S PLIGHT

Continue reading the main story

Pompey are in 19th position in the Championship with 20 points from 18 games. A 10 point deduction would leave them at the foot of the table, 10 points off safety.

Then, the Saints' parent company, Southampton Leisure Holdings (SLH), went into administration and an independent investigation by the Football League found the club and SLH were "inextricably linked as one economic entity".

Southampton were subsequently deducted 10 points.

Despite downplaying the chances of the club being dealt a points penalty, Andronikou acknowledged that it is now important for the club to find new investment.

"We need to find a purchaser to put funds into the club around the new year," he added.

"Our remit really is to find a new owner. Historically in every club's cash-flow profile the end of the season is the most gruelling so it's important to get something sorted for then."

The Fratton Park side became the first Premier League club to enter administration in 2010 and were consequently deducted nine points on their way to relegation from the top flight.

http://news.bbc.co.uk/sport2/hi/football/15963854.stm

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