Pompey trust edging closer

The Pompey Supporters' Trust believe they are closer to saving Portsmouth after receiving the backing of the Football League.

Last Updated: 10/12/12 at 17:40

Brown (r): Staying upbeat

Brown (r): Staying upbeat

The League are now awaiting the outcome of this week's make-or-break High Court hearing over the sale of Fratton Park, and for the PST to raise the remaining funds as set out in their business plan, before fully considering their application.

PST chairman Ashley Brown said: "We are very pleased the Football League has shown confidence in our bid by endorsing our proposed membership. This is a highly significant moment for the club.

"We have always argued that Pompey needs a community-led solution and we are very pleased the League shares our confidence in our ability to turn the club around.

"Thanks to the backing of our fans and our individual investors we have a robust business plan, which the League has endorsed.

"We now need fans to back us financially to ensure our club survives. This is a landmark moment on the road to rehabilitating the club and we now need everyone who can to buy a share or convert their pledge as soon as possible. This will ensure we are in a strong financial position prior to the court case."

The Trust's bid, and Portsmouth's future, hinges on administrators PKF gaining permission to sell Fratton Park, which is controlled by the club's former owner Balram Chainrai, at the High Court hearing which starts on Thursday.

The League have also confirmed Pompey still face a 10-point penalty if and when they finally come out of administration, which is likely to leave them in the relegation zone.

Brown added: "Of course we are disappointed that the League has confirmed the points deduction, although the reasons for it are the fault of those who have mismanaged the club so badly in its recent past."

Related News

Most Commented

Readers' Comments

I

still can't see the Phil Jones thing that some people go on about. Whenever I watch him play it's a repeat of headless chicken meets a gurning Bambi on ice for 90 minutes.

diabolicaldiaby
F365's Top Ten Defenders Of The Season

P

robably the first list I've come across in a long time where I agree with a large majority of what was written. Can't agree with everything though, Zaba has had an awful season by his standards, I'd put Monreal (a player who I've never rated) up there, gotta give credit where it's due, he's really stepped up his game.

scroteymcbooger
F365's Top Ten Defenders Of The Season

S

ome top analysis here..... UNITED WOULD BE TOP IF IT WEREN'T FOR ALL THEM GAMES THEY LOST

benvo81
United Progress Stifled By Bottom-Half Record

Footer 365

Brendan Rodgers says he will be a better manager at Liverpool next season

Brendan Rodgers believes he "will be a better manager" next season, and has criticised the "short-termism" that has threatened to dislodge him at Liverpool.

Jose Mourinho agrees new Chelsea deal, claim reports

Chelsea manager Jose Mourinho has verbally agreed a two-year extension to his contract, according to reports.

Swansea's Bafetimbi Gomis could return from injury against Arsenal

Swansea striker Bafetimbi Gomis could return to action against Arsenal after nearly a month on the sidelines.

Mail Box

Giroud Is More Than Good Enough...

Olivier Giroud and Theo Walcott are integral to Arsenal's title hopes next season. There's also more on handballs, Juventus, and Ronaldo holding Bale back...

How Is Coutinho Rated Above Cazorla?

We have a mailbox packed full of views on Santi Cazorla, what Arsenal and United need this summer, the idiocy of St Totteringham's Day and rather a lot more...

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