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Investment is needed.
Well, after forgetting to put this in the first time around, it is finally here.
Current owner Balram Chanrai has been getting a lot of grief. Does he deserve it? Depends how you look at it. If you believe he should be investing in the club and do not think he has done anything to improve the team, then yes, he does. However, he did not take over Portsmouth for that reason. I'm not too knowledgeable on the situation, as it is only recently I have taken notice of the club.
Chanrai placed the club into administration in 2009/10, which more or less put the nail in the coffin of Portsmouth's run in the Premier League. Close to liquidation, Chanrai decided to take full control of the club and saved them. He didn't do this because he wanted to; not once have i seen recently that he has stated he will turn the clubs fortunes around. He kept the club afloat and helped balance their finances through a difficult period of time. Some fans I have spoken to are annoyed that he hasn't sold already, but the priority was to keep them going.
Now that the season is over, a new owner must be found. Chanrai will make money off this, there's no doubt, and I for one can't blame him. But it must be done soon before the first game of the season. I've talked about free transfers, but there is only so much you can do from that. Money needs to be invested into the club, so they can make some serious signings and make a statement.
Aside from this there must be some caution, though; a repeat of what caused the downfall of Portsmouth must not come around. There needs to be a new owner, but they also need to be the right owner.