Well said sir. The only reason the club are in (relatively) good health today is because the money owed to taxpayers, businesses, etc was traded for preservation of their league status. The only outcome that would have warranted anyone's praise for Pompey fans would have been liquidation of the club and the ground + land sold off with the proceeds given to the creditors, along with the remaining parachute payments at the time, and then a new non-league club started up.
The club is only where it is today because they chose self preservation over maximising payments to creditors. Self preservation over paying back more to the tax payer so that more hospital operations could be performed (for example). Hardly worthy of any praise.