Next Game

Hartlepool v Portsmouth

Saturday, 27 September 2014, 15:00

Sky Bet League 2

Fratton Park

Last Game

Portsmouth 1 - 1 Wycombe

Saturday, 20 September 2014, 15:00

Sky Bet League 2

Fresh bidder for Portsmouth

A consortium featuring former Football League chairman Keith Harris has submitted an offer to buy Portsmouth.

Last Updated: 07/02/13 at 18:58 Post Comment

Portsmouth: Battle for club due to arrive back in High Court on 14 February

Portsmouth: Battle for club due to arrive back in High Court on 14 February

Administrators PFK confirmed the new development a week before a High Court hearing due to determine whether the League One club can be sold to the Portsmouth Supporters' Trust.

The new consortium, fronted by Harris, investment banker Pascal Najadi and professional investor Alan Hitchins, says it is willing to offer the PST "a stakeholding and participation" if its bid is successful.

And Harris told Sky Sports News the "cash offer" - yet to be presented to the Football League - would leave the club debt-free and include the option to purchase Fratton Park from previous owners Portpin.

He said: "There would be neither legacy debt nor debt in our financing to acquire the club. It does not require a court hearing or anything else - it's straightforward, cash on the nail to buy the club.

"There will be no ongoing involvement by any previous owners. The transaction involves, initially, the leasing of Fratton Park but we've also entered into an agreement to acquire Fratton Park.

"That is our option, and the likelihood is it would be exercised at a very early stage."

The sale of Fratton Park, held as security by Portpin, has long been the major obstacle to the PST's proposed takeover.

Named as preferred bidder last year, the PST has been unable to agree a deal for the stadium and hopes the High Court hearing - three times adjourned already and now set for 14 February - will force Portpin to lower its asking price.

But the new offer has already been deemed "worthy of consideration" by PFK, and partner Trevor Birch said: "This offer could be completed without the need for a court case.

"We will need to discuss the terms of the deal with the PFA and the Football League and also plan to consult the creditors' committee as a matter of urgency. We will provide an update as soon as we have further news."

To find out more about live football on Sky Sports, Click here

Related News

Most Commented

Readers' Comments

H

e deserved respect for forging a successful football career despite being, clearly, made from balsa wood.

Nutboy
Wenger: Diaby deserves respect

L

iverpool should put in a bid for Barkley. As cheeky as it may sound, only he looks capable enough to replace Gerrard.

paulay8
Gerrard's Decay Becoming Sadly Apparent

M

y emotions were not mixed. Super professional that he is. I will never look at you the same way Frank. Love affair over.

gittoplo
Lampard: Mixed emotions

Footer 365

Capital One Cup: Liverpool edge out Middlesbrough on penalties in round three

Liverpool held their nerve to see off Middlesbrough 14-13 on penalties in the third round of the Capital One Cup.

Capital One Cup: Arsenal beaten 2-1 by Southampton in third round

Arsenal were sent crashing out of the Capital One Cup in the third round after 2-1 home defeat to Southampton.

La Liga: Cristiano Ronaldo scores second straight hat-trick in Real Madrid rout

Cristiano Ronaldo scored his 25th hat-trick for Real Madrid as he grabbed four goals in a huge 5-1 home win over Elche.

Mail Box

Is Moyes The Big Winner This Season?

Man United and Everton are making David Moyes look good enough for Newcastle. We have lots of mails on Steven Gerrard but mostly Man United and Van Gaal...

Should Gerrard Play Further Forward?

That's one shout in a mailbox that recalls Rafa Benitez saying the Liverpool man would one day end up as a striker. Plus, thoughts on Rooney and 500 words on Ipswich...

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