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

2 years free Sky Broadband Unlimited for Sky Sports customers

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

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

H

ere's an idea to motivate a bunch of overpaid and under performing millionaires - chips only on the menu after a win.

avspitfire
Rio: Moyes' tactics 'embarrassing'

I

think what Wenger meant to say was: Ozil's a f*****g great player. Youse are all f*****g idiots

ildiavolorosso
Wenger jumps to Ozil's defence

W

eak points? Play like Villa should work easily enough.

plughead80
Ludogorets target 'weaknesses'

Footer 365

Daley Blind backs Louis van Gaal's brutally honest approach at Manchester United

Daley Blind says Manchester United boss Louis van Gaal's brutally honest manner is good for team-building.

Premier League: West Ham come from behind twice at Hull City to earn 2-2 draw

West Ham twice came from behind to earn a battling 2-2 draw with Hull City in an entertaining clash at the KC Stadium.

Champions League: 'Arsenal have made some good signings', says Dortmund coach Jurgen Klopp

Jurgen Klopp believes Arsenal made a number of strong summer signings and expects them to be tough opponents on Tuesday.

Mail Box

Woke Up This Morning Feeling Fine...

Man United fans are a more than a tad excited, Liverpool fans are a little depressed and we have mails on Mesut Ozil, Newcastle, Aston Villa and lots more...

Fixing The Mess At Old Trafford

Plenty of conclusions on United's win over QPR and their missing link(s), more Ozil frustration, how Liverpool are like lasagne, as well as a word on Diego Costa's temperament...

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