Blues could face ‘legal wrangle’ over creditors’ cash

Pompey chief executive David Lampitt
Pompey chief executive David Lampitt
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Pompey could face a ‘legal wrangle’ with Balram Chainrai over monies owed to small creditors.

And David Lampitt has stated regaining the land owed by Sacha Gaydamak surrounding Fratton Park is a ‘priority’ to unlocking Pompey’s potential.

Lampitt insisted the money promised to small creditor’s by Chainrai last year is not Pompey’s liability.

Former Blues owner Chainrai said small creditors would receive 100 per cent of money owed to them by the club rather than the 20 per cent agreed in the Company Voluntary Agreement.

However, that pledge has yet to be honoured.

Lampitt said: ‘What was a positive gesture to pay 100 per cent of what they were owed rather than 20 per cent was a positive thing.

‘There was no deadline, but we are keen for it to happen as soon as possible.

‘I have to make it clear the debt and liability does not lie with the football club.

‘It frustrates me that we get some of the ill-will it creates.

‘We are part of the process, though. The nub of the problem is where the liability lies. That’s whether it’s the new owners who took over the company or the previous owners who made the gesture.

‘There is, I guess, a bit of legal wrangling to sort that situation out.

‘I’m trying to protect the position of the club and get the situation rectified.

‘There are legacy issues – this is one of them. We have to keep knocking them on the head. Creditors will be paid all their money, but we can’t guarantee when that will happen.’

Lampitt, speaking at a BBC Radio Solent forum at Fratton Park last night, also explained Gaydamak’s land would be key to Fratton Park’s future.

He said: ‘The car park no longer belongs with the club.

‘Since Mr Gaydamak left the ownership of the club, that – and the land behind the North Stand – has stayed with him.

‘It’s the intention of the owners to get that land back.

‘It’s on our priority list because the potential it unlocks with the club is very significant to how we can take it forward.’