Administrators say criticism by club is unfair

RESPONSE Peter Kubik
RESPONSE Peter Kubik

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THE administrators of Pompey’s parent company CSI have defended themselves against criticisms from the club.

Yesterday Portsmouth Football Club said in a statement that it was given assurances by UHY Hacker Young and Portpin Ltd that the club would be funded until a new owner was found.

‘This has not happened,’ it added.

But a partner in the accountancy firm and joint CSI administrator, Peter Kubik, said the firm had not withheld any information from the club at any point since they were appointed.

He said: ‘We believed that we could put money into Portsmouth to keep it going while an owner was found.

‘The jewel in the crown of CSI’s assets was North One Sports which held the rights to the World Rally Championship.

‘We were not able to sell it because the FIA cancelled the licence.

‘Before that happened we had a very seriously interested party talking to us before Christmas. They pulled out at the last minute and we still do not know why.’

He added that the administrators were still in contact with ‘two or three’ parties interested in buying the club.