Brunton Park

Next Game

Carlisle v Portsmth

Friday, 03 April 2015, 15:00

Sky Bet League 2

Fratton Park

Last Game

Portsmth 0 - 2 Shrewsbury

Saturday, 28 March 2015, 15:00

Sky Bet League 2

Pompey buy-out moves closer

The Pompey Supporters' Trust are closing in on the purchase of Portsmouth, after exchanging contracts with the League One club's administrators PKF.

Last Updated: 08/03/13 at 18:14 Post Comment

Fratton Park: Takeover hinges on the sale of Pompey's ground

Fratton Park: Takeover hinges on the sale of Pompey's ground

The deal now hinges on a court case next month at which PKF will attempt to gain permission to sell Fratton Park, which is controlled by former owner Balram Chainrai, to the fans' group.

Trust chairman Ashley Brown said: 'We are delighted to announce that, on Thursday afternoon, we exchanged contracts with PKF for the acquisition of PFC.

"We must now focus on securing the release of the charge on Fratton Park, which in turn will trigger the completion of the deal.

"We are on the verge of creating football history. Several thousand fans are already part of that and we urge others to now join us, so that they too will own a part of their club.

"We are confident of success in the court but we would still welcome the opportunity to settle quickly and allow us to start the job of rebuilding the club, with the community and supporters at its heart."

One of the individual investors, Iain McInnes, will become chairman if the deal goes through, and he said: "If you believe it, you can achieve it.

"I'm proud to be part of a group of people who have collectively pulled together to get us this far. Finally the fans can see the end of what's been a very long and challenging haul.

"We will not be counting any chickens just yet, particularly as there's due process to go through. However, I believe that, if a bid is to be judged on its merits, then there can be only one outcome. So let's get on and get this done."

The Trust have raised around £2m through a share issue and are confident that more fans will now join their share scheme.

Pompey have been in administration for over a year and will be deducted 10 points when they emerge. The club are currently bottom of League One but won their first match in 24 attempts against Crewe last week.

A rival consortium had made a formal offer to buy Fratton Park last week. The £6.3m bid from Keith Harris's group was double the offer from the PST.

Related News

Most Commented

Readers' Comments

S

hould have stayed because we carried him for 6.5 years. And then he has a breakthrough season, and was gone soon after. MU fans, you would be as disgusted had C Ronaldo left in 2007 and not 2009.

godof86
Is Van Persie Slipping Sadly Into The Night?

G

ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

RogerRedHat
Hodgson hits out at Kane leak

H

e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

hump3.
Skrtel denies violent conduct

Footer 365

Italy 1-1 England: Andros Townsend equaliser keeps Roy Hodgson's side unbeaten this season

Substitute Andros Townsend rescued England's unbeaten post-World Cup record as his late goal in Turin earned a 1-1 draw.

Jack Wilshere, Mikel Arteta and Mathieu Debuchy step up Arsenal comebacks

Jack Wilshere scored as he stepped up his comeback from injury against a Brentford XI at Arsenal's training ground on Tuesday.

Wayne Rooney cannot wait to link up with Harry Kane for England

Wayne Rooney has been gripped by the excitement surrounding Harry Kane and can't wait to link up with him against Italy.

Mail Box

Why Do Arsenal Have So Many 'Internet Warriors'?

The Mailbox has an open letter from Liverpool's Raheem Sterling, questions Phil Jones' bulldog spirit and asks: "Why do Arsenal have so many "internet warriors?"

It's All Just A Ruse By The 'Southern Press'...

A varied Tuesday morning Mailbox, with thoughts on the England U21s, a Sterling ruse, Kane realism, Wenger coaching youth and enjoying the charity match...

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