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

More of the games that matter

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

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."

More of the games that matter

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

Related News

Most Commented

Readers' Comments

I

cant help but feel he has his face on inside out. I'm not a violent man but I don't think I would ever tire of punching it.

dryice
Chelsea reject blames fee

E

verytime I go into KFC I boooooooooooo Norman. Judas. It was the lure of the fresh hand wipes apparently.

cheshire-gooner
Cole explains Arsenal 'snub'

Y

ou probably find he was physically ill when he found out they werent paying him to come to the celebrations.

sodoff
Cole explains Arsenal 'snub'

Footer 365

Liverpool lose to Besiktas 5-4 on penalties after Turkish side win round-of-32 second leg 1-0

Liverpool crashed out of the Europa League as Dejan Lovren missed the decisive penalty in a 5-4 shoot-out defeat by Besiktas.

Oldham 'would welcome Scholes'

Stand-in boss Dean Holden insists he would not be surprised if Oldham managed to lure Paul Scholes into management.

Chelsea announce huge shirt sponsorship deal with Yokohama Rubber

Chelsea have announced a new shirt sponsorship with Yokohama Rubber, reportedly worth £40m-a- year.

Mail Box

Greatest Spaniards And Arsenal Laughs

There's more debate on the greatest Spaniards in the afternoon mailbox, plus plenty more reaction to Arsenal's Champions League defeat.

Arsenal Mess It Up, As Inevitable As Ever

Unsurprisingly, there's a great deal of fall out after Arsenal's latest shambles against Monaco. Plus how Football365 went too early with the phrase 'peak Arsenal'...

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