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PST: Harris bid does not exist

Keith Harris' olive branch to Portsmouth supporters has been flatly refused by the group in pole position to buy the club.

Last Updated: 18/02/13 at 19:08 Post Comment

Portsmouth Fratton Park home: Court will rule on valuation

Portsmouth Fratton Park home: Court will rule on valuation

The former Football League chairman is fronting a group of investors who last month approached Portsmouth's administrators with an offer.

Harris' chances of a deal appeared dead in the water when the Football League immediately ruled that a proposed takeover by the Pompey Supporters' Trust must go ahead as planned.

But that did not stop Harris going public with a new bid which includes a proposal to hand fans a free 15% stake in the club.

That offer changes nothing for the PST, whose spokesman Colin Farmery said: "Why would we be interested in 15% when we are just about to take a 100% stake in the club?

"It is curious timing to say the least from Mr Harris with the Football League having made it quite clear that our bid is the only one that can be considered.

"Mr Harris seems to think he has still got a bid, but he hasn't. Our bid is literally about dotting the 'i's and crossing the 't's."

The Football League subsequently confirmed: "As stated after its most recent meeting, the Board of The Football League is not considering alternative applications for the transfer of Portsmouth's share in The Football League.

"Instead, it remains focussed on a successful transfer of share to the preferred bidder, the Pompey Supporters Trust."

The next step for the PST is a court visit on Thursday, when a date will be set for a further hearing on the sale of Fratton Park.

Former owners Portpin hold the stadium as security, and the court will set a valuation after the PST was unable to agree a price.

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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...

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

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