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

M

aybe Hull charged the Liverpool fans more because their massive sense of entitlement takes up more room? Badum tish.

sailingmagpie
Everton team subsidise awayday

T

he John Carver Experiment sounds like the worst jazz fusion band of all time. Which is saying something.

sailingmagpie
The John Carver Experiment: The Next Episode

T

ime to play Liverpool players in their natural positions? I agree, but surely the subs' bench isn't big enough for all of them?

balls-to-monty
The John Carver Experiment: The Next Episode

Footer 365

Serie A round-up: Roma up to second, Milan receive fastest red card

Roma moved up to second in the table after Lazio were held by Atalanta, while AC Milan played 89 minutes with 10 men.

Ligue 1 round-up: Monaco hammer Toulouse, PSG go top, Lens relegated

Monaco hammered Toulouse to stay third, while PSG regained top spot and Lens' relegation was confirmed.

La Liga round-up: Valencia tighten grip on fourth, Malaga's poor run continues

Valencia eased their way to a 3-1 win at home to Eibar to tighten their grip on the fourth Champions League spot.

Mail Box

Shouldn't We Give Players Time?

Do we really want to throw out the baby with the bathwater every single summer? We also have a Man United fan who wants massive investment. And more...

Liverpool: No Greater Than Aston Villa

It's fair to say that Raúl H. Garcia from the morning mailbox has got something of a kicking on Thursday afternoon. Oh and the Neviller is wrong for once...

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