Fans close to Portsmouth deal

Pompey Supporters' Trust has moved a step closer to buying Portsmouth after agreeing a sale with the club's administrators.

Last Updated: 15/11/12 at 13:18 Post Comment

Fratton Park: Stumbling block in fans' purchase

Fratton Park: Stumbling block in fans' purchase

Free £50 bet

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

The only stumbling block to the sale appears to be over the purchase of Fratton Park after owners Portpin rejected an offer for the ground.

Trevor Birch, PFK partner and joint administrator of the club, has confirmed an application has been submitted to the court for permission to sell Fratton Park.

Portpin, the investment firm owned by former Pompey owners Balram Chainrai and Levi Kushner, has a legal charge over the ground after it was used as security for a £6m loan to the club.

Portsmouth Supporters' Trust chairman Ashley Brown told their website: "We are thrilled and proud to have signed a sale agreement with the administrator to buy and run Portsmouth Football Club.

"We hope to finalise the sale by Christmas, and go into 2013 with a fresh start for our great club. This is a special day for the thousands of Pompey fans who have stood by their club and stood up to be counted."

A statement from Birch on the official Pompey website read: "We can confirm that we have signed a sale agreement with the Pompey Supporters' Trust (PST) to acquire the business of Portsmouth Football Club.

"Portpin has rejected the Trust's offer for Fratton Park, so the sale has to be conditional on receiving the Court's permission to sell the ground. We are therefore in the process of submitting an application to the Court.

"I'm sure every member of staff, every player and every supporter will join me in wishing to see a speedy resolution to what has been a protracted administration."

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

Transfer News: Hibernian capture young midfielder Scott Allan from West Brom

Hibernian have signed former Scotland Under-21 international Scott Allan from West Brom.

Transfer news: Frank Lampard signs for New York City FC

England midfielder Frank Lampard has confirmed he will join the MLS team New York City FC on a two-year contract.

Transfer news: Adem Ljajic wants to stay at Roma

Serbia international Adem Ljajic has reiterated his desire to stay at Roma and fight for a regular starting berth.

Mail Box

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...

Definitely Not Getting Giddy Over A Friendly Win

We have some conclusions from Louis van Gaal's perfect start, plus a dismissal of fantasy football, worries about La Liga's greediness and thoughts on Real with Ham-ez...

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