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Fans' Trust ready for takeover

The Pompey Supporters' Trust remain confident they will become the new owners of Portsmouth despite the court case delay.

Last Updated: 18/12/12 at 14:05   

Fratton Park: Home of Pompey

Fratton Park: Home of Pompey

Last week's High Court hearing, between club administrators PKF and former owner Balram Chainrai's company Portpin, was postponed to allow further discussions to take place.

A judge adjourned the case until January 15 but gave all sides the option of making an earlier court application on 48 hours' notice.

The PST's bid hinges on the outcome of the case, at which PKF want to secure the sale of the club's Fratton Park stadium from Portpin to the fans' group.

PST chairman Ashley Brown said in a statement: "Whilst it was very frustrating to be subject to a last-minute problem which was outside our control, we have used the last 48 hours to ensure our plans are flexible enough to accommodate different outcomes if we need to, in what the judge has described as a 'fluid' situation.

"We will update you further as soon as circumstances permit, but, for now, we can assure you of three things.

"We have the funding to succeed, providing we continue to convert pledges. Our individual 'high-net worth' investors have lodged a seven-figure sum in escrow, and pledges are coming in ahead of target.

"And, of course, your money less the small administration fee will be returned if our bid is unsuccessful. Our bid has the confidence of the administrators and the Football League. That has not changed.

"We fully expect to be the next owners of Portsmouth FC, and believe we will proceed with the purchase of the club in the next few weeks."

Portsmouth were placed in administration in February and there are fears the club will be liquidated if the PST do not complete their takeover.

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may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Mike_Christie
Please Stop Telling Us What To Think

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ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

TheWhiz
Wenger hails important win

I

s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

redbornandbred
De Gea's Europa League target

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