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

S

o Brendan is full of sh!t, who'd have thought it eh?

fatbob30
Carroll accuses Rodgers

P

resumably, you wanted to keep the version of Downing that was never seen at Anfield. The one that another manager has managed to re-create. The one you passed over.

badwolf
Rodgers: I wanted to keep Downing

T

he uber commercialisation of the 90s has led to the point where this overly familar, try hard, jolly hockey sticks type fronts up a major football match on a weekly basis. Unlike the great presenters of yesteryear, I doubt he would even recognise the scent of Brut.

mufc phil
Football On TV: Jake Humphrey

Footer 365

Nemanja Matic says Chelsea happy to maintain their five-point Premier League lead

Midfielder Nemanja Matic was happy to take a point after Chelsea's 1-1 draw with Manchester City.

Roberto Martinez delighted with 'immense' Everton's 1-0 win at Crystal Palace

Roberto Martinez believes his side can now reach their true potential after ending their winless run at Crystal Palace.

Premier League: Chelsea maintain five-point lead after 1-1 draw with Manchester City

Chelsea remain five points clear at the top of the Premier League after a 1-1 draw with second-placed Manchester City.

Mail Box

'Costa Is A Bad Man. Suarez Is Not'

That's quite some claim. And yes, unfortunately we are still talking about this. We also have mails on Ronaldinho, possible replacements for Yaya Toure and more...

Red Mist Better Than Calculated Costa?

Hmmm. We're not sure about this argument - one Mailbox says Luis Suarez is easier to forgive because he is a little loco. We also have mails on Studge and more...

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