Defiant Lampitt encouraged by interest in club

HOPEFUL Pompey chief executive David Lampitt
HOPEFUL Pompey chief executive David Lampitt
Derry City winger Ronan Curtis

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POMPEY are in a better position now than when the club was in administration, according to defiant chief executive David Lampitt.

Speaking to fans on The News’ web chat yesterday, Mr Lampitt answered more than 20 questions from fans for over an hour.

More than 1,000 users were logged on to quiz Mr Lampitt at one stage.

His correspondence came on the day The News revealed the club is due to pay £1.2m to creditors by April 1, 2012.

This forms part of the Company Voluntary Agreement (CVA) to bring the club out of administration.

Mr Lampitt told fans he was encouraged by significant levels of interest in the club and said he was confident the Football League will not dock the club points following the administration of the club’s parent company Convers Sports Initiatives.

While he was encouraged by the interest shown in the club by potential investors, he could not comment on the groups or people who have been in touch.

Mr Lampitt faced questions over payments still owed to small creditors after the club’s administration in 2010.

PFC_Forever asked Mr Lampitt during the web chat: ‘Are we in as bad a bother as last time?’

Mr Lampitt replied: ‘The answer is no – we are in a better position in almost every area of the club and I think that is why we have had the strength of interest we have had over the last couple of weeks.’

Web user Chris Ford asked: ‘What about the points deduction? Are you confident of avoiding the sporting sanction?’

Mr Lampitt said: ‘I am confident about this although obviously it is not up to me and the league has a due process to go through in making their assessment.’

The News reported yesterday how Mr Lampitt disagreed with a letter sent to creditors by liquidators Baker Tilly stating the club is liable to pay all unsecured creditors owed less than £2,500.

Only creditors who are usually owed more than £2,5000 are usually paid under the terms of the CVA.

But in Pompey’s case, former owner Balram Chainrai pledged to pay creditors owed less than that amount in full through his company Portpin.

The letter from Baker Tilly says this obligation now rests with the club.

‘I understand the frustration for small creditors affected by this’, Mr said in yesterday’s web chat.

‘The concern for me is protecting the club as it was not our undertaking to pay 100 per cent of these debts and we shouldn’t be the target of these concerns.

‘We continue to work with the liquidators to resolve this as soon as possible.

‘It’s a difficult one for the club as it causes a lot of bad PR which we could do without but at the same time I have to ensure I protect the club both legally and financially.’

He confirmed the club will receive the Premier League’s parachute payments over the next two seasons.