Next Game

Exeter v Portsmouth

Saturday, 09 August 2014, 15:00

Sky Bet League 2

Trust eye Portsmouth buy-out

The Pompey Supporters' Trust are set to meet up with Portsmouth's administrators as they look to finalise their takeover of the struggling club.

Last Updated: 08/02/13 at 10:50 Post Comment

Fratton Park: PST's bid reliant on purchase of ground

Fratton Park: PST's bid reliant on purchase of ground

On Thursday, the Football League announced that the club would be thrown out of the League if the Trust - PKF's preferred bidder - is not successful in its attempts to purchase the club.

This followed news that PKF were considering a bid fronted by football financier Keith Harris.

PST chairman Ashley Brown said in a statement: "The Football League has come to a sensible decision. Our bid is ready to go and we will be meeting with the administrator PKF shortly to prepare the timetable to complete our takeover.

"We have always been clear we are the best solution for the creditors and the best solution for the club and this has now been recognised across the board. Our bid will put capital into Portsmouth FC and will make a clean break from the past.

"Any fans who have been unsure about backing our bid financially can now do so in the confidence their money will go towards the rebuilding of the club. There is no knight, white or otherwise, who is going to do it for them."

The PST's bid is reliant on them being able to purchase the club's Fratton Park ground, which is controlled by former Pompey owner Balram Chainrai.

PKF are seeking permission to sell the ground and are due in court with Chainrai's company Portpin next Thursday.

Brown added: "Mr Chainrai has always made it clear he does not want to see Pompey liquidated. We are sure he is genuine in his sentiment and I would urge him to work with us to ensure the club will stand the best chance of success in the future."

Administrator Trevor Birch said on Thursday that PKF are "considering the implications" of the League's statement.

Related News

Most Commented

Readers' Comments

I

am jealous but i do wonder why he's never done anything for barca and why they seemingly don't give two hoots that he's leaving. they clearly rate suarez more than him, that much is inarguable

bobsy
Sanchez Is A Game-Changer For Arsenal...

L

uis Suarez: on his way to Barcelona. Liverpool : on their way to the Conference.

wotyomamased
Liverpool agree sale of Suarez

D

aryl Janmaat, a cheaper alternative to Micah Richards? World Cup semifinalist versus Man City's backup, England's... what, fifth choice right back? That really hammers home the English premium.

harry hotspur
The Blank Gossip

Footer 365

Transfer news: Manchester City in talks with Porto over Eliaquim Mangala

Manchester City are in talks with Porto over the signing of defender Eliaquim Mangala, according to Sky sources.

Louis van Gaal to link up with Manchester United on Wednesday

Louis van Gaal has confirmed he will start working with the Manchester United squad at Carrington on Wednesday.

David Beckham likens Luis Suarez to Old Trafford team-mate Eric Cantona

David Beckham feels Luis Suarez shows a lot of the same qualities as former Manchester United team-mate Eric Cantona.

Mail Box

Alexis Sanchez: Really Not THAT Good

The backlash has begun: Why are Barca letting him go if he's any good? We have mails on Alexis Sanchez, Luis Suarez, the World Cup and the wonder of F365...

Stop Your Sobbing And Man Up...

Oh and honey, put the kettle on. We have more World Cup mails but it's mostly an orgasmic explosion at the signing of Alexis Sanchez. Could this be Arsenal's year?

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