Fresh bidder for Portsmouth

A consortium featuring former Football League chairman Keith Harris has submitted an offer to buy Portsmouth.

Last Updated: 07/02/13 at 18:58 Post Comment

Portsmouth: Battle for club due to arrive back in High Court on 14 February

Portsmouth: Battle for club due to arrive back in High Court on 14 February

Administrators PFK confirmed the new development a week before a High Court hearing due to determine whether the League One club can be sold to the Portsmouth Supporters' Trust.

The new consortium, fronted by Harris, investment banker Pascal Najadi and professional investor Alan Hitchins, says it is willing to offer the PST "a stakeholding and participation" if its bid is successful.

And Harris told Sky Sports News the "cash offer" - yet to be presented to the Football League - would leave the club debt-free and include the option to purchase Fratton Park from previous owners Portpin.

He said: "There would be neither legacy debt nor debt in our financing to acquire the club. It does not require a court hearing or anything else - it's straightforward, cash on the nail to buy the club.

"There will be no ongoing involvement by any previous owners. The transaction involves, initially, the leasing of Fratton Park but we've also entered into an agreement to acquire Fratton Park.

"That is our option, and the likelihood is it would be exercised at a very early stage."

The sale of Fratton Park, held as security by Portpin, has long been the major obstacle to the PST's proposed takeover.

Named as preferred bidder last year, the PST has been unable to agree a deal for the stadium and hopes the High Court hearing - three times adjourned already and now set for 14 February - will force Portpin to lower its asking price.

But the new offer has already been deemed "worthy of consideration" by PFK, and partner Trevor Birch said: "This offer could be completed without the need for a court case.

"We will need to discuss the terms of the deal with the PFA and the Football League and also plan to consult the creditors' committee as a matter of urgency. We will provide an update as soon as we have further news."

To find out more about live football on Sky Sports, Click here

Related News

Most Commented

Readers' Comments

S

terling needs to be told though that upon entering the Arsenal squad he will re-enact the final scene from Highlander where he will be thrown around a warehouse by cartoon dragons and then be a mere mortal that will only ever spend three to four weeks a season playing football and the rest on the physio's bed. There can be only one.....player available at The Emirates.

rodger's gusset
Arsenal interest in Sterling

T

he game changed in our favour when Carrick came on. We were able to play further up the pitch due to having a player who can give and go with the ball and keep possession. Yet barkley made some runs and Townsend scored a good goal but carrick's inclusion and chiellini's withdrawal made the biggest difference to the flow of the game

ricky villa
Hodgson: Barkley was brilliant

N

o, you've not silenced anyone Andros, i'm afraid. We know you can score a great goal, and it's really handy to have your direct running and willingness to shoot on the bench. But until you can do the other things expected of a winger (beat the man, put a decent cross in, stay wide etc) then you can't expect more than a regular cameo. Wonderful goal though, what a hit! No wonder Buffon wanted the shirt.

badwolf
Townsend: I've silenced critics

Footer 365

Raheem Sterling will not resume Liverpool contract talks until the summer

Raheem Sterling has confirmed that he will not resume talks over a new contract with Liverpool until the summer.

Tottenham striker Harry Kane wants to play for England U21s at European Championship says Roy Hodgson

Harry Kane wants to "finish the job" and go to the European U21 Championship this summer, according to Roy Hodgson.

Celtic manager Ronny Deila keen on new loan for Jason Denayer

Celtic manager Ronny Deila will try to persuade Jason Denayer and Manchester City to extend the centre-back's loan.

Mail Box

Is This The End Of Ex-Players As Managers?

Do massive wages and cushty TV numbers signal the end of the ex-high-profile player turned manager? Plus Liverpool fans don't actually say the 'next year' thing...

A Solution For The Premier League's 39th Game...

One morning Mailboxer solves the 39th game conundrum. Plus England were actually alright, Harry Kane is rubbish again and do Arsenal have the most embarrassing fans?

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