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

I

really enjoyed this. Thanks F365 for another year of work avoidance - happy Christmas.

megabrow (cufc)
Our Person Of The Year: Alan Pardew

I

m no Sam Fan and this article sums him up beautifully. I always like to imagine that when he watches anything on TV and hears clapping, he stands up and aknowledges the applause, thinking its for him!

cozens
Football Managers On TV: Sam Allardyce

N

ah, Fergie is just having another pop at Rooney. He just wants to put him down whenever he gets a chance. Rooney is by far the best English player. Carrick is not far behind, mind. However, by elevating Carrick like that, Sir is having a dig at Wayne. Fergie is well-known for mind games like that. Good to see he's still feisty.

timbo
Van Gaal will thrive - Ferguson

Footer 365

Arsene Wenger admits Olivier Giroud deserved his red card for headbutting Nedum Onuoha

Arsene Wenger admits Olivier Giroud deserved his red card for headbutting Nedum Onuoha in Arsenal's 2-1 win over QPR.

Premier League: Alexis Sanchez and Tomas Rosicky give 10-man Arsenal 2-1 win over QPR

Alexis Sanchez and Tomas Rosicky gave Arsenal a 2-1 win over QPR despite Olivier Giroud's second-half sending off.

Premier League: Manchester City respond to Chelsea's victory by winning at West Brom

Manchester City won 3-1 at West Brom to reduce the gap on Chelsea at the top of the Premier League back to three points.

Mail Box

Van Gaal's Half-Term Report Card...

One Man United fan isn't happy with the rate the team is progressing under Louis van Gaal, while the mailbox also wishes Liverpool fans a Merry Mid-Table Christmas...

Hang On, Rafa's Success Is No Fluke...

The afternoon mailbox kicks the morning mailbox's arse after claims that Rafa Benitez has fluked his success. Plus, big talk about Liverpool's progress and lots more...

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