Pompey: An Unavoidable Calamity?

Its getting to the point where Pompey fans are wondering if there is some kind of Karmic force coming to a head in the City. Something to do with all those Crusaders who set sail from there back in the middle ages perhaps? Because the tally of owners of ill-repute the club has had over the last 20 years is growing to epic proportions. One favourite game on messageboards at the moment, among the black humour and straw-clutching aphorisms, is ‘spot the last honest owner we had.’ There is currently a European Union Arrest Warrant out for the Chairman of PFC, Vladimir Antonov. He is wanted for interview in regard to the insolvency of his Snoras Bank in Lithuania and its subsidiary in Latvia, Latvijas Krabjanka. It seems that there is a serious shortfall of funds in both banks, believed to be between £300m and £800m. The Latvians describe an ‘unexpected outflow of funds’ over two days this week after the Lithuanian Snoras bank was put into involuntary administration and wisely suspended all financial operations. Funnily enough it was ‘significant outflow’ of cash from the Lithuanian Snoras that triggered the investigation that led to administration. The arrest warrant lists Antonov and his business partner, Raimundas Baranauskas, as suspects in regard to alleged ‘fraudulent accounting, forgery of documents, abuse of authority, misappropriation of property, money laundering and other criminal offences committed by the...

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