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

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."

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

B

alotelli would've scored if the goals height was 3 times higher too...

footyfan52
Rodgers defends Balotelli

A

s if storey would ever get invited on a stag do

dooby
Does Wenger Know He's To Blame?

I

disagree. We sit here in our ivory towers looking down our noses at people we perceive tio be thick, but if Harry Redknapp and Tim Sherwood can do it, frankly, anyone can.........

HarryBoulton
Roy: Rooney can become manager

Footer 365

Champions League: Real Madrid's Gareth Bale ruled out of Liverpool clash

Gareth Bale has been left out of Real Madrid's squad to face Liverpool due to a muscle injury.

El Clasico: Gerard Pique insists Luis Suarez offers Barcelona something different

Gerard Pique says Luis Suarez is the "opposite" to his Barcelona team-mates - but insists that's what they need.

Van Gaal: 'Possible' for Manchester United to catch Chelsea

Manchester United boss Louis van Gaal says it is 'possible' to catch league leaders Chelsea despite a ten-point gap.

Mail Box

Is Van Gaal Just A Dutch Pardew?

A Mailbox of comparisons. Van Gaal is similar to Pardew, Wenger to Moyes, Van Persie to a spent force, and Pelle to a bloody gent. There's also plenty from last night...

Reimbursing Fans? How Patronising...

It's something of a return to form for the mailbox with mails on Southampton (Liverpool fans are cynical), the gorgeous Graziano Pelle, Arsenal, Spurs and more...

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