Chainrai confident over Pompey bid

Balram Chainrai has denied there are problems with Portpin's takeover at League One outfit Portsmouth.

Last Updated: 13/10/12 at 12:16

Chainrai: Denied there are problems with takeover

Chainrai: Denied there are problems with takeover

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Pompey have been in administration since February and the club will go bust if a takeover is not completed.

It is the second time the club has been in administration in two years and Chainrai was at the helm the first time in February 2010, before selling to Vladimir Antonov.

Portsmouth went back into administration this year during which time Portpin retained a charge over the club's assets and Fratton Park.

Chainrai is now looking to take over the club but reports on Saturday questioned whether he will pass the fit and proper person test as Football League rules do not allow a person to own a football club or be a director if he has previously twice been a director or owner of a club when it has fallen into administration.

Following those reports on Saturday, the Hong Kong-based businessman released a statement that said: "Our discussions with the Football League have been positive and are progressing.

"As far as we are aware we have satisfied the majority of the criteria and we expect now to work through the last remaining points with the Football League in the coming days.

"We are very confident that we are in a position to complete the acquisition of Portsmouth Football club in the near future."

The reports also suggested administrators PKF are set to resume discussions with the Pompey Supporters Trust (PST) next week over its takeover proposal.

The trust, which could be presented to the Football League as preferred bidder, is expecting to hear from administrator Trevor Birch soon and remains resolute in its attempts to buy Portsmouth.

"The PST position has always been clear that we have got what we believe is a credible bid," said PST spokesman Colin Farmery.

"It has been on the table since June and we've always said that we're ready, willing and able to buy the club.

"Obviously we've seen these interesting stories overnight that have come out in the media.

"As far as we're concerned, we're in an on-going dialogue with PKF and we're expecting to get further clarification next week.

"We wrote to the Football League about a fortnight ago outlining our concerns as to why we thought that Portpin should not actually pass their owners and directors test.

"The Football League met on Thursday and nothing official has come out of that meeting at the moment."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

m only commenting on this (I don't care about Liverpool) because F365's twitter said I had call Matt Stanger a tw*t (which I don't agree with anyway) but I just wanted to be the first. Am I the first?

tk421
Trial And Error Rather Than Transition

S

unday, Sunday. Will there be a fan of either team, who if they are winning after 80 mins, won't still be nervous? This could be anything from 0-0 to 5-5, and no one would bat an eye.

megabrow (cufc)
A Season Of Continuous False Dawns

T

his year I am getting F365 a whack-a-mole game but with Brendan instead of the mole (Like the one with JD on Scrubs) and every time he pops up he says something. Outstanding Whack!, Character Whack!, Magnificent Whack!, Wonderful Composure Whack, Whack f**king Whack. Hours of fun.

hump3.
Trial And Error Rather Than Transition

Footer 365

Premier League: Martin Skrtel's stoppage-time header earns Liverpool a point in 2-2 draw with Arsenal

A 97th-minute bullet header from defender Martin Skrtel earned Liverpool a 2-2 draw with Arsenal at Anfield.

Transfer news: Labour MP Iain Wright warns Hartlepool against signing Ched Evans

Labour MP Iain Wright has told Hartlepool to "think again" over their interest in signing convicted rapist Ched Evans.

Premier League: Neil Warnock blasts officials after Crystal Palace's 3-0 defeat at Man City

Neil Warnock said the decision to disallow a Crystal Palace goal in the 3-0 defeat to Manchester City was "disgraceful".

Mail Box

More Players In The Wrong Bloody Shirt

Plus Cristiano Ronaldo, who looks 'heart-breakingly well-suited to a Real Madrid shirt' according to one United fan. Plus, words from the good doctor and plenty more...

Players Plainly Wearing The Wrong Strip...

There are some players who just look plain daft in whatever shirt they're wearing. Like Cesc and Robin. It's a cracking mailbox with a load of different themes...

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