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The meeting was highly productive and the Premier League announced a number of specific measures it intends to take to ensure the effective regulation of Portsmouth Football Club in future, including the right to intervene and administer the club should it prove necessary.
We spoke very frankly about the issues including what we saw as past failings in the Fit and Proper Persons Test. We were very encouraged by the response and the obvious willingness to learn lessons going forward.
Mr Chainrai will face a detailed investigation into his ownership of Portsmouth FC including a face to face interview with the Premier League.
In addition, the Premier League will consider our suggestion of the possibility of a day to day onsite observer scrutinising the club's operations.
We are reassured that the situation at Portsmouth Football Club will continue to be a matter of the highest priority. Mr Chainrai will face an unprecedented level of scrutiny before his ownership is ratified and any further failures to fulfil the ordinary obligations of a Premier League club will bring swift and immediate action.