Will Andronikou Fix Pompey's Money Problems? - Page 2

Andronikou has since cut 85 jobs and put Peter Storrie - the chief executive - on a salary of  "under £500,000" until the club has sold. So the guy really does do what he says,. which is more than can be said of Portsmouth's ex-owners, of which there were four this year alone.

Since the Premier League has deducted nine points, it seems more likely now that it will allow Portsmouth to bring forward TV revenues and parachute payments to help see them through to the end of the season. The Premier League had earlier denied Portsmouth's pleas for an advance of  £5m it is owed in TV payments between now and the end of the season, and the £16m it will be due in parachute payments.

Also Portsmouth's current owner, Balram Chainrai, has offered a £15m overdraft to help the club. With a business consortium headed by Cheshire businessman Rob Lloyd interested in buying, it seems the six to eight week time frame for getting the club out of administration is achievable.

Hopefully, Andronikou will be Portsmouth's knight in shinning armor and will be able to find appropriate buyers for the crisis-torn club. If you happen to have upwards of £30m lying around, why not buy yourself a soccer club?