Fans strike Portsmouth deal

Pompey Supporters' Trust has agreed a deal with Balram Chainrai over the purchase of Fratton Park.

Last Updated: 11/04/13 at 06:46 Post Comment

Fratton Park: Portsmouth fans have reached a deal to buy the ground

Fratton Park: Portsmouth fans have reached a deal to buy the ground

More of the games that matter

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

The deal was completed following a hearing at the High Court in London on Wednesday afternoon and means the PST have been given the go-ahead to take control of troubled League One club.

Portsmouth chairman Ian McInnes praised Chainrai and Trevor Birch of administrator PKF International for their hard work in helping the deal go through.

McInnes said: "I've always actually believed we would do it. I felt we were the right bid for the football club. And today is for the fans.

"We came to what we call a compromise. And I'd like to say, and go on record and say, that we were actually helped very much by quite a bit of give from the other side

"It was always going to be a difficult agreement this because basically it was a group of people trying to save a football club and a group of people who felt they were entitled to get their money back.

"And it's been a long drawn out process. I think we're all glad that it's over and without the help of the opposition, if you want to call them that, and the administrators and Trevor Birch in particular this wouldn't have been a historic day at all."

The development ends 14 months of stagnation after Portsmouth entered administration for the second time in three years in February 2012.

Next chapter

A High Court judge had been due to analyse issues relating to the sale of the ground at a hearing in London.

But lawyers told judge Mr Justice Peter Smith that an agreement had been reached between BDO - the firm acting as administrators - and the club's former owner.

The judge said he was pleased that an agreement had been reached and that Portsmouth would be preserved.

Fans who had travelled to the High Court from the south coast applauded and cheered when the hearing ended.

PST chairman Ashley Brown welcomed the agreement, saying in a statement: "This is a historic day for Portsmouth Football Club and for Pompey fans everywhere.

"At last, the tough work done over the last year is over and we can start to rebuild our club. Pompey fans are now days away from owning and running our club and becoming the biggest community owned football club in the country.

"We have a lot of people to thank, and much more to say, but will do that once the details of today's settlement are finalised.

"For now, we would like to offer heartfelt thanks to Pompey fans all over the world who have pledged money and have saved our club from liquidation.

"Now the next chapter of hard work begins to transform our club into something the community of Portsmouth can be proud of, both on and off the field."

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

G

ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

RogerRedHat
Hodgson hits out at Kane leak

H

e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

hump3.
Skrtel denies violent conduct

G

ive him 10 crosses and he'll head 8 of them over the bar.

tk421
Where Does Giroud Rank In Premier League?

Footer 365

Chelsea defender John Terry signs new one-year contract

Chelsea defender John Terry has signed a new one-year contract to stay at the club until summer 2016.

Roy Hodgson confirms Harry Kane will make England debut

Harry Kane's "incredible season" will reach a new high with an England debut in the next week, Roy Hodgson has confirmed.

Roy Hodgson urges English goalkeepers to grab chance to shine

England boss Roy Hodgson has urged goalkeepers across the land to grab their chance to shine to fill his injury gaps.

Mail Box

Cry Me A River, Diego Costa...

There's little sympathy for Diego Costa, while one mailboxer has had enough of football by numbers. There's also an invitation to visit Colombia and an ode to Woan...

England Handicapped By Natural Pessimism

The England team will never achieve anything unless we all lighten up. Also, last season was simply Joe Hart's 'Frog Chorus', and 80 per cent was a conservative estimate of turds in the Liverpool punchbowl...

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