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

W

inners: All of us watching the latest installment of The Daley Blind Hour. This weeks episode was called Sun Kissed In Merseyside, and although it was a bit of a downer, he was splendid to look at.

tk421
Has Di Maria's Spell In England Turned Sour?

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

Footer 365

Bournemouth all but secure promotion to the Premier League with a 3-0 win over Bolton

Bournemouth all but secured promotion to the Premier League with a 3-0 win over Bolton on Monday night.

Jose Mourinho: Cesc Fabregas not in PFA team 'strange'

Chelsea manager Jose Mourinho says it is 'strange' that the PFA Team of the Year has no place for Cesc Fabregas.

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.

Mail Box

Mail From Fan Who Craves Relegation...

In this case it's a Sunderland fan who just wants to see a clear-out. We also have mails about Arsenal, Chelsea, Liverpool and Everton. It's long and it's sexy...

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...

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