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

think Liverpool should start trying alternative therapy now, given that Sturridge's hips and knees are apparently unfathomable to modern medicine. Voodoo, acupuncture, healing oils, rolling in the snow after a hot bath, its all got to be worth a go now.

slideways
Sturridge doubt for run-in

W

ell thats the most one sided, Mourinho ass kissing, Terry loving conlcusions I have ever read. Does Daniel Storey have a tattoo of the Chelsea crest on his calf too? What a plonker.

goonergo
16 Conclusions: Arsenal 0-0 Chelsea

F

or the laugh we should finish the season with a front three of Borini & Balotelli, spearheaded by one R Lambert. What's the actual worst thing that could happen?

batdog
Liverpool 'can finish fourth'

Footer 365

Chelsea captain John Terry: We are definitely not boring

Chelsea captain John Terry claims that nobody will remember their defensive performances in the title run-in.

Javier Hernandez is hard to drop on current form, says Real Madrid boss Carlo Ancelotti

Real Madrid coach Carlo Ancelotti admits Javier Hernandez's starting position is non-negotiable given his current form.

Oscar available for Chelsea's trip to Leicester after head knock

Oscar has recovered from a blow to the head and will be available for Chelsea's trip to Leicester, says Jose Mourinho.

Mail Box

Is This What Arsenal Fans Feel Like?

'It's all well with the short and pretty passes, but we did absolute f*** all up front,' writes one Man United fan. We have mails on Chelsea, Brendan Rodgers and...

Chelsea Millions Should Buy Better...

For the money they have spent, Chelsea should be playing like the Harlem Globetrotters rather than Atletico. We have mails on Cesc, Brendan Rodgers and...

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