League's Portsmouth pledge

The Football League has pledged to help Portsmouth towards "a better future" after rubber-stamping the club's takeover.

Last Updated: 20/04/13 at 13:55 Post Comment

Portsmouth will play in league two next season

Portsmouth will play in league two next season

Pompey Supporters' Trust won their long battle to take the club out of a 14-month administration and avoid the threat of liquidation earlier this week.

The legacy of that administration is another 10-point penalty, to apply this season, but relegation to League Two was already a certainty and the focus now is on securing the club's finances in the long-term.

Football League chairman Greg Clarke said: "I would like to welcome the Pompey Supporters' Trust to The Football League and pay tribute to their efforts to save their club.

"They have galvanised the club's fans and the city of Portsmouth behind their cause and ensured that it continues to have a professional football club.

"However, the hard work is only just beginning and we will continue working with the new owners to help them establish a sustainable future for Portsmouth Football Club, so that it can put its long running financial troubles behind it for good.

"This has been an extremely challenging situation for The Football League, given the level of debt, the length of the administration and the issues surrounding the ownership of Fratton Park.

"I take my hat off to everyone involved, as it has taken significant amounts of hard work, clear thinking and resolve to achieve this outcome.

"Finally, I would like to pay tribute to Portsmouth supporters for giving their financial backing to the Trust's rescue plan and for turning out in force throughout the administration as it has kept the club in business.

"Hopefully, this marks the start of a better future."

Related News

Most Commented

Readers' Comments

N

ice work John.. have to agree with everything. Never measure your wealth in money.

wexford_blue
We're Not All Jealous Guys...

I

s it the same people that complain about Chelsea that complain about Mayweather? You should by now know what to expect from both, if you can't appreciate how good they are at nullifying their opponents then don't watch them.

Noz2k
Chelsea: This Ending Always Justifies The Means

I

do concede though, that getting rid of Luiz has made them less entertaining. In the same way that driving with both eyes open is less exciting, but probably a good idea.

megabrow (cufc)
Chelsea: This Ending Always Justifies The Means

Footer 365

Stephen McManus says Motherwell are full of confidence

Stephen McManus says Motherwell are full of confidence despite being adrift in the Scottish Premiership playoff place.

Arsene Wenger only wants to bring 'world-class' players to Arsenal

Arsene Wenger has revealed he is only looking to add “top, world-class players” to his Arsenal squad this summer.

Hull 1-3 Arsenal: Alexis Sanchez nets twice to move Arsenal level on points with Man City

Alexis Sanchez scored twice in the first half to help Arsenal coast past Hull with a 3-1 win at the KC Stadium.

Mail Box

Blaming Van Gaal For United Slump...

Wayne Rooney in midfield, the same balls aimed at Marouane Fellaini...Louis van Gaal has to find a solution. And a Burnley fan embraces relegation...

Shouldn't We Give Players Time?

Do we really want to throw out the baby with the bathwater every single summer? We also have a Man United fan who wants massive investment. And more...

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