PST secures council loan

The Pompey Supporters' Trust has secured a substantial loan from the council to aid its takeover bid of Portsmouth.

Last Updated: 27/02/13 at 21:07

Portsmouth: Boosted by council loan

Portsmouth: Boosted by council loan

More of the games that matter

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

A proposal to make a payment of £1.45million to the struggling npower League One club received unanimous backing from the local authority at a meeting on Wednesday.

The council was satisfied the situation at Pompey had significantly improved since they put the money aside in August 2012.

PST has pledged to pay back the full amount after five months in charge at Fratton Park.

The club's administrators PKF will on Thursday file papers to the High Court to explain how the Trust will fund its bid and the council's loan will form part of that plan.

"This is a victory for the fans and we don't want it to sound like there was any concern about this not being approved," Trust chairman Ashley Brown said, in quotes reported by The News.

"It was a rubber stamping and showed the council is still supportive of us.

"It's now about getting to the High Court and moving the club forward."

More of the games that matter

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

Related News

Most Commented

Readers' Comments

I

t's why Mourinho is so successful. He gives players a specific, limited set of functions to perform. They are but a cog in a machine. Do no more, do no less. I assume he learnt it from LvG :)

red_devil83
Fellaini Has Politely Become Undroppable

I

really hope that someone in the mainstream media spots that the Bayern manager played for and managed Barcelona quite well, and thinks to mention it in the build up. That would be really interesting.

megabrow (cufc)
Barcelona to face Bayern

Y

our gob says one thing, Brendan, the results say something else.

balls-to-monty
Rodgers bullish over Anfield future

Footer 365

Ilkay Gundogan close to Manchester United move

Manchester United are close to agreeing a £21.5m deal to sign Borussia Dortmund midfielder Ilkay Gundogan, according to Sky sources.

Eden Hazard will stay at Chelsea and not move to Real Madrid, says Jose Mourinho

Chelsea manager Jose Mourinho is not concerned about Real Madrid’s reported interest in Eden Hazard.

Barcelona to face old boss Pep Guardiola's Bayern, Juventus draw Real Madrid in Champions League semi-finals

Bayern Munich boss Pep Guardiola will return to the Nou Camp to face Barcelona in the Champions League semi-final.

Mail Box

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...

Brendan Rodgers Is David Cameron...

Rodgers is compared to the Prime Minister, insomuch as he has a right to peddle bulls**t, apparently. Plus why comparing Arsene Wenger to Diego Simeone is a mug's game...

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