Chainrai stands firm on Pompey

Balram Chainrai is refusing to give up hope of becoming Portsmouth owner again despite the club's administrators agreeing a sale with the Pompey Supporters' Trust.

Last Updated: 15/11/12 at 23:04 Post Comment

Balram Chainrai: Determined to fight on in his takeover bid for Portsmouth

Balram Chainrai: Determined to fight on in his takeover bid for Portsmouth

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The deal is conditional on the purchase of Fratton Park, over which Chainrai's investment firm Portpin still has legal control of after it was used as security for a £6m loan to the club.

Portkin has rejected an offer from PST to purchase the stadium, with Chainrai claiming the fans' group's plans to sell the stadium would place further financial pressure on the club in the future.

Trevor Birch, PFK partner and joint administrator of the club, confirmed that an agreement had been reached with PST and that an application has been submitted to the court for permission to sell Fratton Park.

However, Chainrai said in a statement: "We still believe our bid remains the best offer for the future of Portsmouth Football Club.

"We remain ready to complete the deal in a matter of days, should the Trust be unsuccessful. That is our intention, and despite ill-informed gossip to the contrary, the Football League have not rejected our application.

"We have satisfied the Football League regarding our business plan and cash requirements and we have answered all other questions regarding the Owners and Directors' test.

"The Trust's bid is conditional on securing a deal to flip Fratton Park and sell it to property developers.

"The money raised from that sale is vital to fund their bid and yet the rental agreement will ratchet up costs and put the club under more pressure every year that goes by.

"We believe that keeping Fratton Park under the ownership of the club - which our bid guarantees - is of paramount importance to the future of Portsmouth Football Club if it is to remain at the heart of the community."

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ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

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thought exactly this when the Match of the Day pundits were peddling this line. Is it really not okay for fans of a club to have some ambition these days then?

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ow magnanimous off him - to leave if he's asked to by the owners? What's the alternative, bunker down in his office claiming squatter's rights if FSG want rid?

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