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

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.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

A

t the start of the season, after the RVP transfer, I confidently claimed that Arsenal would finish above United. I now regret it immensely.

Fuzzy_Dunlop
Reflecting On The F365 Pre-Season Predictions

D

aniel Storey generally did very well, going against the City won it last year so they're bound to win it this time grain. As for John Nicholson, I wouldn't trust him to predict correctly what day of the week it will be tomorrow.

Griff
Reflecting On The F365 Pre-Season Predictions

J

ose will have (and will always have) the total support of every Chelsea fan. Cant wait for that swagger to walk through the doors at Stamford Bridge and announce I'm back . It may not last for ever but hey it'll be exciting and worth the pain

cmh1966
The Pros And Cons Of Mourinho's Return...

Footer 365

Malaga say Real Madrid are interested in signing attacking midfielder Isco

Real Madrid are interested in signing Malaga attacking midfielder Isco, according to director Francisco Aguilar.

Pardew to focus on summer plans

Alan Pardew is contemplating his preparations for the new season after holding talks with Newcastle owner Mike Ashley.

Thibaut Courtois has faith that Chelsea's youth policy will be good for him

Thibaut Courtois believes that Chelsea's youth policy will give him a chance of a successful future at Stamford Bridge.

Mail Box

An Ode To Rafa And Loads More Mails...

We have one Chelsea fan who recognises the job done by Rafa Benitez while there's maths from Liverpool, Newcastle and Manchester. And Shawcross to Arsenal? Nah...

Mails: Jol Out And Other Demands...

You might notice that we haven't included a single mail about teams in pubs, because most of them were terrible. Instead we have a disgruntled Fulham fan and Scouse maths...

© 2013 British Sky Broadcasting Ltd. All Rights Reserved