Fratton Park

Next Game

Portsmouth v Bournemth

Tuesday, 29 July 2014, 19:30

Friendly Match

Last Game

Ebbsfleet 3 - 0 Portsmouth

Saturday, 26 July 2014, 15:00

Friendly Match

Chainrai stands firm on Pompey

Balram Chainrai is refusing to give up hope of becoming Portsmouth owner again despite the club's administrators agreeing a sale with the Pompey Supporters' Trust.

Last Updated: 15/11/12 at 23:04 Post Comment

Balram Chainrai: Determined to fight on in his takeover bid for Portsmouth

Balram Chainrai: Determined to fight on in his takeover bid for Portsmouth

The deal is conditional on the purchase of Fratton Park, over which Chainrai's investment firm Portpin still has legal control of after it was used as security for a £6m loan to the club.

Portkin has rejected an offer from PST to purchase the stadium, with Chainrai claiming the fans' group's plans to sell the stadium would place further financial pressure on the club in the future.

Trevor Birch, PFK partner and joint administrator of the club, confirmed that an agreement had been reached with PST and that an application has been submitted to the court for permission to sell Fratton Park.

However, Chainrai said in a statement: "We still believe our bid remains the best offer for the future of Portsmouth Football Club.

"We remain ready to complete the deal in a matter of days, should the Trust be unsuccessful. That is our intention, and despite ill-informed gossip to the contrary, the Football League have not rejected our application.

"We have satisfied the Football League regarding our business plan and cash requirements and we have answered all other questions regarding the Owners and Directors' test.

"The Trust's bid is conditional on securing a deal to flip Fratton Park and sell it to property developers.

"The money raised from that sale is vital to fund their bid and yet the rental agreement will ratchet up costs and put the club under more pressure every year that goes by.

"We believe that keeping Fratton Park under the ownership of the club - which our bid guarantees - is of paramount importance to the future of Portsmouth Football Club if it is to remain at the heart of the community."

Related News

Most Commented

Readers' Comments

H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

Footer 365

Premier League: Manchester United's Juan Mata backs Louis van Gaal's winning mentality

Juan Mata has hailed Louis van Gaal and believes that the Dutchman will bring a winning mentality to Manchester United.

Transfer news: Arsenal boss Arsene Wenger prepared to take gamble on Calum Chambers

Arsene Wenger admits signing Calum Chambers from Southampton is somewhat of a gamble, but one he believes will pay off.

Friendly: Raheem Sterling earns Liverpool 1-0 pre-season win over Olympiakos in Chicago

Raheem Sterling scored a lone early goal as Liverpool beat Olympiakos 1-0 in Chicago in the International Champions Cup.

Mail Box

Reasons To Believe That Van Gaal Will Be The Best

Some supporters sound oh so confident on Louis Van Gaal's excellence. Plus thoughts on shirt sales, best signings, football sevens and a good deal more besides...

Are Pre-Season Tours Really A Problem?

Are pre-season tours really a problem? Liverpool went to Australia last summer and it didn't prevent them from having a good season. Plus, thoughts on LvG and keepers...

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