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

Free £50 bet

Daily Offers and Promotions, sign up for a free £50 matched bet

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."

Free £50 bet

Daily Offers and Promotions, sign up for a free £50 matched bet

Related News

Most Commented

Readers' Comments

H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

Footer 365

Premier League: Chelsea goalkeeper Petr Cech doesn't want to be on the bench

Petr Cech has warned Jose Mourinho he does not want to be second-choice goalkeeper at Chelsea next season.

Transfer News: Sunderland striker Danny Graham expected to move on

Gus Poyet has confirmed that it is going to be 'very difficult' for Danny Graham to be part of his Sunderland squad.

Premier League: Ryan Giggs compares Louis van Gaal to Sir Alex Ferguson

Ryan Giggs has hailed Louis van Gaal's early impact and has acknowledged the similarities with Sir Alex Ferguson.

Mail Box

It Isn't Easy Supporting Spurs, You Know

We have a long mail about the travails of supporting Spurs, plus Friday thoughts on Marko Marin, marketing, victory v beauty, travelling and vanishing sprays...

Pre-Season Obviously Isn't Meaningless

The debate over the importance of pre-season continues, including a league table from last season for stats fans. Plus travelling to watch your team and Blackpool...

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