Portsmouth deduction to remain

Portsmouth still face a 10-point deduction should the Pompey Supporters' Trust (PST) win their battle to save the club.

Last Updated: 10/12/12 at 17:09

Fratton Park: Ownership battle in progress

Fratton Park: Ownership battle in progress

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

On Monday, the Football League confirmed the sanction, to be imposed once the club comes out of administration, after receiving details of the PST's proposed takeover.

PST's bid hinges on administrators PKF gaining permission to sell Fratton Park, which is controlled by the club's former owner Balram Chainrai, at a High Court hearing which starts on Thursday.

The League is awaiting the outcome of that hearing, and for the trust to raise the remaining funds as set out in their business plan, before fully considering their application.

A statement from the League read: "The Football League Board has received details of a proposal by Pompey Supporters' Trust and its partner investors to acquire the assets and certain liabilities of Portsmouth Football Club.

"Having considered the proposal in detail, the Board concluded that it had significant merit. However, two outstanding points will have to be resolved before the Board can fully consider PST's application to become the new owner of Portsmouth Football Club.

"They are the outcome of the current High Court proceedings relating to the ownership of Fratton Park and PST raising the remaining funding from supporters that is anticipated in its business plan.

"The Board also confirmed that ongoing membership of the League would be subject to a number of conditions that seek to ensure the sporting integrity of league football and the financial viability of the club going forward.

"It therefore reaffirmed its earlier decision that these conditions would include a deduction of 10 points (applicable at the point of transfer of share) and a range of other restrictions on playing budgets and future borrowing for the next four seasons."

Pompey, who have been in administration since February, are currently one place and one point outside the League One relegation zone.

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

G

ood lord that's got me unnecessarily excited. Damn you Storey. Cut to Liverpool being crushed under the wheels of Sparky's Stoke Machine and Firmino brought off the bench to no effect. It's the hope that kills you.

suarez_blind
Roberto Firmino: Steel To Complement The Silk

N

o Schweini? Have to admit that I did a little sex wee when we signed him and I can't wait to see him in action!!!

spence
F365's Top Ten Players We Can't Wait To Watch

I

think he'll do quite well. My only reservation would be Kagawa, who had similar stats to Firmino in the bundesliga before he came, but time will tell.

GVMUFC
Roberto Firmino: Steel To Complement The Silk

Footer 365

United plummet below City in rankings

Manchester United have fallen four places behind Manchester City and dropped to 20th overall in UEFA's club coefficient rankings.

Sky Sports awarded La Liga for another three seasons

Sky Sports will remain the home of La Liga for another three seasons thanks to a new broadcast agreement announced today.

Jose won't get involved in Stones pursuit

Jose Mourinho has admitted he would rather the transfer window be closed during the season despite Chelsea's continued pursuit of John Stones.

Mail Box

Chelsea Are Stronger Than Last Season

One Chelsea fan points out that they won the league last year and have improved, so... Plus thoughts on United worries, pre-season predictions, Valdes and Chuba...

Louis Van Gaal Only Wants Football Robots

Louis van Gaal only wants players who are human robots, apparently. It's a great Mailbox, with thoughts on Chelsea, Audi Cup, Fabregas, Lingard and Joe Gomez...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company