Portsmouth hearing adjourned

A High Court case which could determine the future of Portsmouth has been adjourned until Friday.

Last Updated: 13/12/12 at 16:11 Post Comment

Fratton Park: High Court asked to rule on stadium's value

Fratton Park: High Court asked to rule on stadium's value

The League One club remains in administration while prospective new owners Portsmouth Supporters' Trust attempt to buy Fratton Park from former owners Portpin, who hold the stadium as security.

Portpin have refused a £2.75m offer, and administrators PKF hope the High Court will force through the sale by agreeing with their preferred bidders' valuation.

But PKF, who fear Portsmouth will be liquidated if the sale of Fratton Park does not go through, have now asked for a delay of 28 days while they "take stock and assess options."

And the presiding judge agreed to consider the request at 2pm on Friday, following an overnight adjournment.

Another administrator, Brendan Guilfoyle of P&A Partnership, says Portpin have promised to keep the club afloat until the end of the season if he is appointed to oversee a new bidding process.

Guilfoyle said: "Portpin don't feel the club has been fully marketed and they don't want it liquidated if it can't be sold to PST.

"They will fund the continuation of the club until the end of the season as long as the court involve me and I can be given an opportunity to find a new buyer.

"My involvement if there is any, will be a matter for the court, to give the court another option as Portpin feel the options presented, either a sale to PST or closure, need broadening."

Don't miss any live and exclusive football coverage this festive season. Click here to visit Sky Sports' Festive Calendar

Related News

Most Commented

Readers' Comments

I

m only commenting on this (I don't care about Liverpool) because F365's twitter said I had call Matt Stanger a tw*t (which I don't agree with anyway) but I just wanted to be the first. Am I the first?

tk421
Trial And Error Rather Than Transition

S

unday, Sunday. Will there be a fan of either team, who if they are winning after 80 mins, won't still be nervous? This could be anything from 0-0 to 5-5, and no one would bat an eye.

megabrow (cufc)
A Season Of Continuous False Dawns

T

his year I am getting F365 a whack-a-mole game but with Brendan instead of the mole (Like the one with JD on Scrubs) and every time he pops up he says something. Outstanding Whack!, Character Whack!, Magnificent Whack!, Wonderful Composure Whack, Whack f**king Whack. Hours of fun.

hump3.
Trial And Error Rather Than Transition

Footer 365

Premier League: Joe Hart agrees long-term contract with Manchester City

Joe Hart has signed a new long-term contract which keeps him at Manchester City until the end of the 2018-19 season.

Premier League: Aston Villa boss Paul Lambert says Manchester United can still win title

Aston Villa boss Paul Lambert believes Saturday's opponents Manchester United can still win the Barclays Premier League.

Premier League: Manuel Pellegrini confident James Milner will sign new deal at Manchester City

Manchester City manager Manuel Pellegrini is confident James Milner will soon sign a new contract with the club.

Mail Box

More Players In The Wrong Bloody Shirt

Plus Cristiano Ronaldo, who looks 'heart-breakingly well-suited to a Real Madrid shirt' according to one United fan. Plus, words from the good doctor and plenty more...

Players Plainly Wearing The Wrong Strip...

There are some players who just look plain daft in whatever shirt they're wearing. Like Cesc and Robin. It's a cracking mailbox with a load of different themes...

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