Pompey retain points hope
Portsmouth remain hopeful they will avoid a nine-point penalty after going into administration.
By Rob Parrish
Last Updated: 01/03/10 5:17pm
Portsmouth remain hopeful they will avoid the nine-point penalty they are expected to receive after going into administration.
The Premier League board are set to meet this week after Pompey became the first member of England's elite division to slide into administration amid reported debts of £70million.
Owner Balu Chainrai's spokesman Phil Hall confirmed that administrator Andrew Andronikou, the man appointed to oversee the club's sale and ensure the Fratton Park outfit can fulfil their remaining fixtures for the season, would meet with the governing body to plead their case.
The South Coast side are also hoping to be given the green light to sell members of their squad outside the transfer window, with the players then being loaned back for manager Avram Grant to use in their fight against relegation.
The Premier League have previously turned down an appeal from Pompey to be allowed to part company with their more marketable assets amid unrest from rival managers, but Hall remains hopeful over this scheme and the points penalty.
Hall told Sky Sports News: "I think he (Andronikou) has got a hope. The arguments should be made in front of the Premier League and not in the media and we have to respect that.
"He is perfectly within his rights to pursue every opportunity to get the current situation looked at again. I believe he has got a chance because I know the background to it.
"He is going to make a presentation to the chairman at the meeting and explain the situation at Portsmouth and appeal for help from other members of the Premier League.
"One of the aspects he is going to be looking at is to see if we could potentially sell one or two players at the moment to improve cash-flow and then have those players loaned back to Portsmouth until the end of the season.
"That's one of the areas he is going to address, but he will be talking about the general picture and looking for any ways other Premier League members can help Portsmouth Football Club."
Chainrai is the fourth man to take the helm of the stricken club this season and Hall confirmed he will step down immediately once a new buyer has been found.
New Zealand businessman Victor Cattermole insists he is still keen to take control at Fratton Park, but Hall cast serious doubts over his ability to satisfy the administrators he has the necessary funds.
Hall added: "I don't know enough about Mr Cattermole. He says he is a bona fide bidder for the club and we certainly hope he is.
"The fact is last week, when he mentioned he showed proof of funds, unfortunately they were on a letter from an unrecognised financial institution. We didn't know who they were.
"When we asked for him to produce that proof of funds on a well-known bank headed notepaper, that wasn't forthcoming.
"When we asked to meet Mr Cattermole we were dealing with a 22 or 23-year-old representative, and when we suggested a meeting at his office he said 'I don't have an office, you'll have to come to my dad's home'.
"Forgive us, but it was one which was hard for us to take further at that time.
"I'm not saying that there was an air of unprofessionalism, but because of the mistakes made in the past, Balu is very safe in the knowledge that this time it has to be done properly with a proper bona fide major bank guaranteeing the funds of the individual and then we can take the talks further."