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

Watch Manchester City v Manchester United live only on Sky Sports this Super Sunday. 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

Watch Manchester City v Manchester United live only on Sky Sports this Super Sunday. Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

H

e might be on a hiding to nothing, but I cannae feel any sympathy- You want to know why? Shakira. That's why.

hairpolice
Pique Taking Blame Burden Again...

A

nd this season must feel like one long sigh at the Emirates . Yep, exactly that. Except for Alexis Sanchez, he's ace.

cheshire-gooner
Is Mario Balotelli's Talent Even That 'Obvious'?

H

ey! At least put our first clean sheet in a gazillion years in the winners section. Curse you F365 *shakes fist*

fouloleron
Is Mario Balotelli's Talent Even That 'Obvious'?

Footer 365

Real Madrid and Spain legend Raul joins New York Cosmos

Real Madrid legend Raul has agreed a deal with North American Soccer League side New York Cosmos.

Transfer News: Hull's Tom Ince joins Nottingham Forest on loan until December 28

Nottingham Forest have signed Tom Ince on loan from Hull City on a deal until December 28.

Blackpool confirm appointment of Lee Clark as manager on rolling contract

Lee Clark has been confirmed as the new manager of Championship club Blackpool on a one-year rolling contract.

Mail Box

'Pride' Didn't Stop Wenger Signing Flamini

Arsene Wenger's 'pride' in signings is quite rightly pulled apart. We also have a stupidly long email on going back, and one Mailboxer whooping about the FA Cup first round...

Wenger Kept His Pride By Turning Down Cesc

What message would it have sent if Wenger had allowed those that walked out to stroll back in? Plus, why Pochettino needs to adapt and the folly of limiting yourself...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property