Pompey administrators 'taking stock'

Portsmouth's accountants are assessing options after a High Court hearing relating to a planned takeover was postponed.

Last Updated: 13/12/12 at 15:29 Post Comment    Bet with SkyBet  Sky Bet League 1. Click here to bet.

Portsmouth: Future uncertain

Portsmouth: Future uncertain

Accountants managing the affairs of troubled Portsmouth have said they are assessing options after a High Court hearing relating to a planned takeover by a group of supporters was postponed.

Portsmouth - struggling near the foot of League One - were placed into administration in February and a High Court judge on Thursday was expected to hear details of a problem concerning the club's Fratton Park stadium.

But the hearing was adjourned after lawyers representing the firm of accountants acting as Portsmouth's administrators said discussions were taking place with representatives of the club's former owner, Balram Chainrai.

Katharine Holland QC, for administrators PKF, told Mr Justice Sales at the hearing in London: "This is not a straightforward matter."

Outside court, a PKF spokesman added: "We are taking stock and assessing options."

Lawyers are expected to update Mr Justice Sales at a hearing on Friday.

A group called the Pompey Supporters' Trust has put forward a takeover proposal which Football League bosses say has "merit".

But league bosses say outstanding issues - including a problem about the ownership of Fratton Park being considered by the High Court - have to be resolved before the trust's bid can be fully considered.

A High Court judge placed Portsmouth into administration 10 months ago after being told that the club had an unpaid tax bill of around £2million and owed other creditors about the same.


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