Adams Park

Next Game

Wycombe v Portsmth

Saturday, 31 January 2015, 15:00

Sky Bet League 2

Fratton Park

Last Game

Portsmth 1 - 2 Southend

Saturday, 24 January 2015, 15:00

Sky Bet League 2

Pompey buy-out moves closer

The Pompey Supporters' Trust are closing in on the purchase of Portsmouth, after exchanging contracts with the League One club's administrators PKF.

Last Updated: 08/03/13 at 18:14 Post Comment

Fratton Park: Takeover hinges on the sale of Pompey's ground

Fratton Park: Takeover hinges on the sale of Pompey's ground

The deal now hinges on a court case next month at which PKF will attempt to gain permission to sell Fratton Park, which is controlled by former owner Balram Chainrai, to the fans' group.

Trust chairman Ashley Brown said: 'We are delighted to announce that, on Thursday afternoon, we exchanged contracts with PKF for the acquisition of PFC.

"We must now focus on securing the release of the charge on Fratton Park, which in turn will trigger the completion of the deal.

"We are on the verge of creating football history. Several thousand fans are already part of that and we urge others to now join us, so that they too will own a part of their club.

"We are confident of success in the court but we would still welcome the opportunity to settle quickly and allow us to start the job of rebuilding the club, with the community and supporters at its heart."

One of the individual investors, Iain McInnes, will become chairman if the deal goes through, and he said: "If you believe it, you can achieve it.

"I'm proud to be part of a group of people who have collectively pulled together to get us this far. Finally the fans can see the end of what's been a very long and challenging haul.

"We will not be counting any chickens just yet, particularly as there's due process to go through. However, I believe that, if a bid is to be judged on its merits, then there can be only one outcome. So let's get on and get this done."

The Trust have raised around £2m through a share issue and are confident that more fans will now join their share scheme.

Pompey have been in administration for over a year and will be deducted 10 points when they emerge. The club are currently bottom of League One but won their first match in 24 attempts against Crewe last week.

A rival consortium had made a formal offer to buy Fratton Park last week. The £6.3m bid from Keith Harris's group was double the offer from the PST.

Related News

Most Commented

Readers' Comments

F

irst Townsend, now Chiles. What next ITV? Comedy that you can actually watch without vomiting up your own spleen? I'll be sad to see Matt Smith go though. I actually quite like him. Plus, he was good in Doctor Who.

sailingmagpie
Adrian Chiles to leave ITV

H

e's like Jay from Inbetweeners. Could've had him, had him, didn't want him, turned him down.

lee
Wenger criticises work permits

A

wful, awful pundit. He was crap on BBC, and offered a little more analysis than Robbie Savage - apart from the delivery of banality in a sexy accent. Also, as I'm Irish he'll never be more then a slimy, hand-balling f**ker in my eyes.

batdog
Football People On TV: Thierry Henry

Footer 365

Sepp Blatter shrugs-off UEFA's challenge to his leadership as 'lacking courage'

Sepp Blatter tells UEFA “they do not have the courage” to sufficiently challenge his leadership at this year's election.

Transfer news: Sam Allardyce unsure whether Darren Fletcher will join West Ham

Manager Sam Allardyce admits he is unsure whether Darren Fletcher will choose to join West Ham or another club.

Transfer news: Wigan close to signings of Chris Herd from Aston Villa and Jason Pearce from Leeds

Wigan are close to signing Aston Villa's Chris Herd on loan and Leeds' Jason Pearce permanently, Sky sources understand.

Mail Box

Appalling, Slow, Pathetic, Embarrassing

It's a bonus Saturday Mailbox, with plenty of reaction to the most alarming 0-0 draw in Manchester United's recent history. At what point do we worry about Louis van Gaal?

Why Do Man United Look So Impotent?

It's all very well talking about formations and United's defensive problems, but shouldn't their expensive attacking options be doing better? And we talk psychology...

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