Today's Telegraph article detailing the missing millions at Pompey has begun to shine some light into the darkness at Pompey.

Pompey-Fans.Com has consistently argued that you have to look at Pompeys slow-motion car crash into administration as a two stage process.

Before October 2009 the groundwork was laid by a period of heavy spending on wages and transfer fees which were underpinned by some incredibly risky assumptions. The continuing availability of a £40m overdraft facility was one. The continuing provision of large-scale funding from a small scale businessman like Alexandre Gaydamak was another. Peter Storrie told us that the funds dried up at the same time as Arkadi Gaydamaks funds began to be frozen. If the working assumption had been that Arkadi would secretly fund the club while on the run from the law and facing a plethora of legal actions, (and borrowing money from a mob loan shark as we have argued), then that would be madness.

Clearly contingency plans needed to be in place and the brakes applied long before they were. For this reason, as Mr Andronikou has said, Peter Storries position is untenable. If the owners were really making decisions with which Storrie disagreed because they posed an enormous danger to the company he should have resigned forthwith. He should now do the decent thing.

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