Bootham Crescent

Next Game

York City v Portsmouth

Saturday, 04 October 2014, 15:00

Sky Bet League 2

Last Game

Hartlepool 0 - 0 Portsmouth

Saturday, 27 September 2014, 15:00

Sky Bet League 2

Portsmouth deal completed

Portsmouth have come out of administration and are now officially owned by the Pompey Supporters' Trust, it has been confirmed.

Last Updated: 20/04/13 at 13:53 Post Comment

Fratton Park: Deal completed as Portsmouth come out of administration

Fratton Park: Deal completed as Portsmouth come out of administration

An out-of-court settlement between the former owners and administrators for ownership of Fratton Park meant the takeover was completed on Friday.

The 2008 FA Cup winners, who saw their relegation to League Two confirmed on Tuesday, have been close to liquidation over the past 14 months, having been in administration since February 2012.

While potential buyers included former owner Sulaiman Al Fahim, as well as former Watford owner Laurence Bassini, the bid from the supporter-led consortium - backed by wealthy investors - was maintained.

A total of nearly £3m was raised, with fans pledging £1,000 to be part of the Trust, which was added to by a £1.45m bridging loan, as well as investment from their property partner Stuart Robinson.

Trevor Birch, joint administrator of Portsmouth, said: "We have cleared the final hurdle: all of the paperwork has now been signed and the sale concluded.

"It has taken more than 14 months of hard work from all concerned to get here and there were many times over that period when I didn't think we would make it; but we have, and Portsmouth Football Club can once again look forward to the future with optimism.

"The PST has shown what can be achieved when fans unite together for the good of their community. The club has been through considerable turmoil over the last few years, and I hope it can now enjoy a period of stability and the chance to build solid foundations for a sustainable future based on hard work and honest endeavour."

Ashley Brown, Chairman of the Pompey Supporters' Trust, said: "What a momentous day! Once again Pompey fans have shown why they are some of the best in the land, we now have a club owned by people who truly love it, its fans. That's how football is supposed to be."

Iain McInnes, Chairman of Portsmouth Community Football Club, said: "It has been a very difficult journey to get to this point but in the end we have achieved the right result.

"Now is the time for Pompey fans to get behind the club and we are looking forward to celebrating becoming a community club at Fratton Park this Saturday afternoon."

Related News

Most Commented

Readers' Comments

I

put Ince in my fantasy football team, so it's no surprise at all really. I do that to players. Also responsible for De Jong and Upson being injured. Think I'll transfer in Di Maria just to ruin United....

megabrow (cufc)
F365's Top Ten Surprise Strugglers

L

ovren? £20m always seemed a touch on the expensive side, but I wasn't expecting him to be quite such a waste of money

stevenjameshyde
F365's Top Ten Surprise Strugglers

H

alf of our players have the physical presence of a 14 year old girl. I don't know why people are always shocked that they're injured.

TheWhiz
Wenger baffled by injuries

Footer 365

Championship: Fulham owner Shahid Khan names five-man search party for new manager

Danny Murphy, Brian McBride, and Sky Sports pundit Niall Quinn will help Fulham's search for their new manager.

Manchester United confirm Ander Herrera has suffered a broken rib

Manchester United have confirmed that Ander Herrera suffered a fractured rib against West Ham on Saturday.

Premier League: Arsene Wenger says Olivier Giroud's new contract is 'done deal'

Arsenal manager Arsene Wenger says a new contract for French striker Olivier Giroud is a 'done deal'.

Mail Box

#Usingfootballersnamesineverydaylife

We have the last of these as well as mails on Liverpool, Wayne Rooney, QPR, Arsenal's injuries and more. It's a mailbox that's Alonso rather than Rafael, if you will...

How Much In 'Pounds Raheem Sterling'?

A whole lot of you use footballers' names in everyday life. And you hate yourselves for it. As you should. We also have mails on Newcastle, Rooney and more...

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