Yesterday Pompey were in the High Court pleading for an extension of their winding up order. There were only two possible outcomes from this, first they could be granted an extension, and secondly they could be liquidated. For those of you that were thinking about administration, Pompey had already gone past the point where that would have been possible. So there is no chance of a 10 point deduction and every thing being sold. Liquidation is exactly like it sounds, without an extension Pompey would cease to exist. There would be no FA Cup match against the Scummers, there would be no more Premier League matches, and the Premier League would finish the year with 19 teams. In such a situation it is likely that results against Pompey wouldn't count.
Luckily for every Pompey fan, a 7 day extension was granted. So there will be an FA Cup clash with our greatest rivals. Unfortunately if things do not improve financially that could be the final match for the club. I think it is highly unlikely that Pompey would be able to secure a second extension. So there is one week for Pompey to prove that it can pay its debts, and for Mr. Chainrai to find a new owner or owners.
The Portsmouth Supporters Trust are poised to make some sort of move, but it will likely be tomorrow in England when we hear what that will be.
Sulaiman Al Fahim still has 10% of the club, perhaps he has finally found his wallet and could inject some cash. Speaking of which if Mr. Chainrai can't find a buyer in the next week he could inject some cash too, just to insure that he has a club to sell.
It is not going to be a fun week, unless Pompey are able to get some money together, but it is a lot better than waking up and finding out that the club you support no longer exists.