Adams Park

Next Game

Wycombe v Portsmth

Saturday, 31 January 2015, 15:00

Sky Bet League 2

Fratton Park

Last Game

Portsmth 1 - 2 Southend

Saturday, 24 January 2015, 15:00

Sky Bet League 2

PST secures council loan

The Pompey Supporters' Trust has secured a substantial loan from the council to aid its takeover bid of Portsmouth.

Last Updated: 27/02/13 at 21:07

Portsmouth: Boosted by council loan

Portsmouth: Boosted by council loan

A proposal to make a payment of £1.45million to the struggling npower League One club received unanimous backing from the local authority at a meeting on Wednesday.

The council was satisfied the situation at Pompey had significantly improved since they put the money aside in August 2012.

PST has pledged to pay back the full amount after five months in charge at Fratton Park.

The club's administrators PKF will on Thursday file papers to the High Court to explain how the Trust will fund its bid and the council's loan will form part of that plan.

"This is a victory for the fans and we don't want it to sound like there was any concern about this not being approved," Trust chairman Ashley Brown said, in quotes reported by The News.

"It was a rubber stamping and showed the council is still supportive of us.

"It's now about getting to the High Court and moving the club forward."

Related News

Most Commented

Readers' Comments

F

irst Townsend, now Chiles. What next ITV? Comedy that you can actually watch without vomiting up your own spleen? I'll be sad to see Matt Smith go though. I actually quite like him. Plus, he was good in Doctor Who.

sailingmagpie
Adrian Chiles to leave ITV

H

e's like Jay from Inbetweeners. Could've had him, had him, didn't want him, turned him down.

lee
Wenger criticises work permits

A

wful, awful pundit. He was crap on BBC, and offered a little more analysis than Robbie Savage - apart from the delivery of banality in a sexy accent. Also, as I'm Irish he'll never be more then a slimy, hand-balling f**ker in my eyes.

batdog
Football People On TV: Thierry Henry

Footer 365

Sepp Blatter shrugs-off UEFA's challenge to his leadership as 'lacking courage'

Sepp Blatter tells UEFA “they do not have the courage” to sufficiently challenge his leadership at this year's election.

Transfer news: Sam Allardyce unsure whether Darren Fletcher will join West Ham

Manager Sam Allardyce admits he is unsure whether Darren Fletcher will choose to join West Ham or another club.

Transfer news: Wigan close to signings of Chris Herd from Aston Villa and Jason Pearce from Leeds

Wigan are close to signing Aston Villa's Chris Herd on loan and Leeds' Jason Pearce permanently, Sky sources understand.

Mail Box

Appalling, Slow, Pathetic, Embarrassing

It's a bonus Saturday Mailbox, with plenty of reaction to the most alarming 0-0 draw in Manchester United's recent history. At what point do we worry about Louis van Gaal?

Why Do Man United Look So Impotent?

It's all very well talking about formations and United's defensive problems, but shouldn't their expensive attacking options be doing better? And we talk psychology...

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