PST secures council loan

The Pompey Supporters' Trust has secured a substantial loan from the council to aid its takeover bid of Portsmouth.

Last Updated: 27/02/13 at 21:07

Portsmouth: Boosted by council loan

Portsmouth: Boosted by council loan

More of the games that matter

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

A proposal to make a payment of £1.45million to the struggling npower League One club received unanimous backing from the local authority at a meeting on Wednesday.

The council was satisfied the situation at Pompey had significantly improved since they put the money aside in August 2012.

PST has pledged to pay back the full amount after five months in charge at Fratton Park.

The club's administrators PKF will on Thursday file papers to the High Court to explain how the Trust will fund its bid and the council's loan will form part of that plan.

"This is a victory for the fans and we don't want it to sound like there was any concern about this not being approved," Trust chairman Ashley Brown said, in quotes reported by The News.

"It was a rubber stamping and showed the council is still supportive of us.

"It's now about getting to the High Court and moving the club forward."

More of the games that matter

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

Related News

Most Commented

Readers' Comments

I

m not sure about this distance covered malarky, plus that stat comes with *since February attached to it, that's just 1 month. I mean I have 27 open cases I'm 'working on' at the moment but believe me others with 10 cases work harder than I do. I just got back from a pub lunch, scampi and chips (+4 pints) in case you were wondering.

hurler
Wenger defends Ozil

C

isse should have appealed and explained that it was just a retaliation, just like Matic did. Apparently the FA are ok with retaliation.

Triangler
Cisse accepts FA charge

L

ove this guy. He's one of the few surviving players that I remember so vividly from Football Italia and Gazetta on Saturday mornings and Sunday afternoons.

HarryBoulton
Francesco Totti - The King Of Rome

Footer 365

Ryan Giggs enjoys working with Louis van Gaal; plays down rift reports

Manchester United assistant manager Ryan Giggs has played down talk of a rift with Louis van Gaal and hailed their "great working relationship".

Mesut Ozil defended by Arsene Wenger after Paul Scholes criticism

Arsene Wenger claims Paul Scholes "would have loved to play with Mesut Ozil".

Football Association names Martin Glenn as its new chief executive

The Football Association has named Martin Glenn as its new chief executive.

Mail Box

Why All The Hate For Robin Van Persie?

One Mailboxer can't work out why everyone is having a pop at Robin van Persie. Plus FA Cup anticipation, changing relegation, a Friday song and more Totti love...

Is Sissoko's Neck Very Distinctive?

Moussa Sissoko features in a really quite bizarre Distinctive Physical Features XI while we have mails on sexism, Angel Di Maria and Francesco Totti. Ramdom.

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