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

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.


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

O

ne of the conclusions from this list is that Man City should never buy a striker in January - good luck Wilfried Bony....

Savinator
F365's Top Ten Worst January Panic Buys

I

was there, it was embarrassing - the team looked totally unbalanced from the off, the defence was woeful and when Mikel came off injured it got even worse with nobody in front of them. Up front on several occasions we had opportunities and nobody would shoot - it was a complete farse! On the back of Salah's performance I'm glad there is talk of getting shot...

Fly1ngh1gh
Cup defeat shames Mourinho

G

reat to see Tommy Rosicky getting some love. A wonderful player. Such a pity we lost so long to injury. I was so excited when we signed him, this resurgence only makes the absences seem more of a lost opportunity.

cheshire-gooner
16 Conclusions: FA Cup Fourth Round Weekend

Footer 365

Capital One Cup: Nigel Clough praises battling Sheffield United after Tottenham reach final

Nigel Clough was left to ponder what might have been after Spurs dashed Sheffield United's Capital One Cup final dreams.

Capital One Cup: FA charges Chelsea striker Diego Costa over 'stamp' on Liverpool's Emre Can

The FA have charged Chelsea striker Diego Costa with violent conduct over his clash with Liverpool's Emre Can on Tuesday.

Transfer news: Arsenal complete the signing of Villarreal defender Gabriel Paulista

Arsenal have completed the signing of Villarreal defender Gabriel on a long-term deal, for an undisclosed fee.

Mail Box

Erm... Balotelli To QPR..?

It's an afternoon Mailbox that offers the reaction to the reaction, with a defence for Diego Costa offered, and Balotelli mooted to move to QPR. Plus a silly idea about the Mails...

'Diego Costa Is A Thug.' Sore Losers..?

There is plenty of fallout from Diego Costa's stamps of authority on Tuesday's League Cup semi-final. Plus Blatter, Rodgers' substitutions and stretching the transfer truth...

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