Next Game

Shrewsbury v Portsmth

Saturday, 25 October 2014, 15:00

Sky Bet League 2

Fratton Park

Last Game

Portsmth 3 - 2 Stevenage

Tuesday, 21 October 2014, 19:45

Sky Bet League 2

Chainrai suspends Pompey offer

Balu Chainrai has criticised Portsmouth administrator Trevor Birch after suspending his offer to repurchase the club.

Last Updated: 09/11/12 at 13:27 Post Comment

Balu Chainrai: Warning over Portsmouth Supporters' Trust

Balu Chainrai: Warning over Portsmouth Supporters' Trust

Chainrai's Portpin company has been left looking on from the sidelines since Birch, of administrators PKF, named the Portsmouth Supporters' Trust as the club's preferred bidder in mid-October.

The PST, though, is yet to be approved as a suitable owner by the Football League, and Chainrai claims there is "a very real risk Portsmouth Football Club will end up being liquidated."

Portpin's bid - "ready to complete within a matter of days" - is now suspended pending a Football league decision, and the former owner claims the only people benefiting from the delay in agreeing a sale are Birch and PKF.

A statement from Portpin, initially named as preferred bidder, said the company's relationship with Birch broke down "immediately after it became clear (we) would challenge the unreasonably high fees of the administration.

"PKF's initial promise of running a relatively inexpensive operation has proved false, as this is now the most expensive administration in the history of English football, with little or no benefit to either Pompey fans or creditors."

Chainrai has also warned Portsmouth fans the PST's offer may be hijacked by property developers out to get their hands on Fratton Park - the stadium Portpin currently holds as security on unpaid debts.

He said: "Pompey fans should be in no doubt that in my opinion they are being manipulated here. Behind the PST bid are a number of property developers who now appear to be becoming the majority stakeholders.

"I believe their interest in buying the club is to secure the land. The illusion of the Trust owning Fratton Park is just that: an illusion."

Birch, and PKF, have yet to comment on Portpin's statement.

Related News

Most Commented

Readers' Comments

Y

ou are wrong Per, thats the right way the play. Its everyone elses' fault that it doesnt work.

delboy
Mertesacker urges style change

A

s it's panto season coming soon, let me be the first Oh yes you do

munchie
Rodgers: No defence coach

T

hat's it for me, that's ego talking and nothing more. Three seasons in and he still hasn't resolved the issues in defence. This won't end well, he doesn't have the skills needed to sort out the back four and isn't prepared to bring in those who do. This is the worst team I've seen since the late days of Houllier. Brendan...you're fired.

rodger's gusset
Rodgers: No defence coach

Footer 365

Premier League: Ex-England and Manchester United captain Rio Ferdinand plans to retire

QPR defender Rio Ferdinand has stated his intention to retire from professional football at the end of the season.

Transfer news: Football League clubs chasing Aldershot Town's Jordan Roberts

Several Football League clubs are tracking Aldershot Town and England C international Jordan Roberts.

Contract news: France midfielder Paul Pogba signs new improved deal at Juventus

Paul Pogba has signed a new contract with Juventus until 2019 which will reportedly triple his wages.

Mail Box

Does David De Gea Need Competition?

It would certainly be a good idea to give Victor Valdes a contract, while we have more mails on Brendan Rodgers, Arsene Wenger, the rabona and mailbox gripes...

Dropping Jack And Pity For Poor Alexis...

We have lots more mails about Liverpool (is Brendan the naked emperor?) and Arsenal. One reader feels sorry for Alexis Sanchez while one wants Wilshere dropped...

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