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

still can't see the Phil Jones thing that some people go on about. Whenever I watch him play it's a repeat of headless chicken meets a gurning Bambi on ice for 90 minutes.

diabolicaldiaby
F365's Top Ten Defenders Of The Season

P

robably the first list I've come across in a long time where I agree with a large majority of what was written. Can't agree with everything though, Zaba has had an awful season by his standards, I'd put Monreal (a player who I've never rated) up there, gotta give credit where it's due, he's really stepped up his game.

scroteymcbooger
F365's Top Ten Defenders Of The Season

S

ome top analysis here..... UNITED WOULD BE TOP IF IT WEREN'T FOR ALL THEM GAMES THEY LOST

benvo81
United Progress Stifled By Bottom-Half Record

Footer 365

Barcelona 3-0 Bayern Munich: Lionel Messi double puts Barca in control

Two goals from Lionel Messi helped Barcelona beat Bayern Munich 3-0 in the first leg of the Champions League semi-final.

Graham Taylor rejects claims he was asked to cap number of black players in England side

Graham Taylor has denied claims that the Football Association tried to cap the number of black players when he was in charge of the England team.

Spanish football could be shut down from May 16 over TV rights argument

La Liga faces being shut down from May 16 over an argument between Spain's football federation and the Government.

Mail Box

Coutinho Better Than Cazorla And Cesc...

Philippe Coutinho has outperformed Santi Cazorla AND Cesc Fabregas, while Arsenal need no new signings. We also have mails on Olivier Giroud and shopping lists...

Giroud Is More Than Good Enough...

Olivier Giroud and Theo Walcott are integral to Arsenal's title hopes next season. There's also more on handballs, Juventus, and Ronaldo holding Bale back...

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