Pompey face crucial week ahead, warns Andronikou

1008898-10_ANDRONIKOU_SR_12/1/10'The administrator of Portsmouth Football Club Andrew Andronikou.''Picture:Steve Reid
1008898-10_ANDRONIKOU_SR_12/1/10'The administrator of Portsmouth Football Club Andrew Andronikou.''Picture:Steve Reid
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POMPEY’S future lays in the days, not weeks ahead, according to administrator Andrew Andronikou.

His warning comes as he revealed last Tuesday’s transfer activity had left him ‘bitterly disappointed’.

Midfielder Ryan Williams was the only player to leave Fratton Park.

Mr Andronikou, the joint-administrator of the club’s parent company Convers Sports Initiatives (CSI), said there were offers for two players, and hoped to bring in between £1m to £2m from the deals.

He said: ‘I don’t know what happened. There were a couple of offers for two players which would have secured the club’s immediate future.

‘For some reason those offers didn’t happen and I am investigating why they didn’t. I am not happy at all. It gave the club an opportunity to bring in capital and could have got rid of the winding-up petition but it never happened.’

Pompey’s bank accounts were frozen after HMRC issued a winding-up petition over unpaid tax and face a High Court hearing on February 20.

Mr Andronikou said he is working hard to obtain a validation order to unfreeze the club’s bank accounts, which were frozen after the petition was presented.

‘It’s the same old story, we need to get a buyer’, said Mr Andronikou.

‘There’s interest but the frustrating thing is we have always had interest but it has been difficult to get them to commit.

‘We cannot continue in this fashion. We are doing everything we can to avoid administration. We have got days rather than weeks.

‘The situation doesn’t seem to be getting better – I cannot emphasise enough how serious it is.

‘It’s an important week because we need these parties to come to the table. We are not going to wait until February 20.

‘Liquidation is not an option.

‘Players and staff haven’t been paid but have been very supportive.’

Meawnhile the club’s fight for survival – which has sparked the fans’ 12th Man campaign – was given a boost after Portsmouth North MP Penny Mordaunt said she is confident HMRC will agree to meet with Pompey officials. Prime Minister David Cameron said ‘we must do all we can’ to keep Pompey in business after the MP urged him to arrange a meeting.

She said: ‘HMRC now recognise it’s probably worth sitting down and talking things through and I am fairly confident we are going to get a meeting.’