League underline threat to Pompey

Portsmouth will lose their Football League membership if the Pompey Supporters Trust's bid to buy the club fails.

Last Updated: 07/02/13 at 18:52 Post Comment

New bids for Portsmouth will not be considered

New bids for Portsmouth will not be considered

The Football League tonight confirmed Portsmouth will lose their membership if the Pompey Supporters Trust's bid to buy the club fails.

On Thursday afternoon Portsmouth's administrators, PKF, said they had received a new offer to buy the troubled club from former Football League chairman Keith Harris, which would rival the PST's bid.

Despite the football financier wanting the fans' group to be involved in the proposed takeover, the Football League has released a statement stating it will not consider any new bids for the struggling south coast outfit.

The statement read: "At its meeting in London earlier today, the board of the Football League was appraised of the current situation regarding the administration of Portsmouth Football Club in light of media reports that the administrator, PKF, is considering a new offer for the Club.

"The League had previously been informed by PKF that its preferred bid for the club was from the Pompey Supporters Trust (PST) and all parties have been focused on a successful transfer of share to that consortium.

"Given that the Football League's Insolvency Policy prohibits a club from beginning two consecutive seasons in administration, the board took the view that any change of preferred bidder at such a late stage would only create further uncertainty and was not in the wider interests of the League and its member clubs.

"Therefore, the League has informed the administrator that it will not currently consider transferring the club's share in The Football League to a new bidder.

"This means that in the event that the PST bid does not succeed and Portsmouth do not exit administration before the end of the current playing season, the club will lose its membership of The Football League."

The PST are the preferred bidder of PKF but their proposal hinges on buying the club's Fratton Park ground, which is still controlled by former Portsmouth owner Balram Chainrai.

PKF are seeking permission to sell the ground and are due in court with Chainrai's company Portpin next Thursday.

Pompey have been in administration since February last year and will be deducted 10 points if and when they exit. They are currently second from bottom in npower League One, two points above Hartlepool, having lost their last eight matches.


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


Related News

Most Commented

Readers' Comments

H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

Footer 365

Premier League: Brendan Rodgers insists Liverpool will move on without Luis Suarez

Liverpool manager Brendan Rodgers insists there is no bad blood between the club and the outgoing Luis Suarez.

Transfer news: Liverpool appear to be close to completing a deal for Loic Remy

Liverpool are closing in on the signing of Loic Remy with the French forward reportedly having his medical in Boston.

Manchester United still global giant and prepared to spend big insists Ed Woodward

Manchester United executive vice chairman Ed Woodward insists the club are still the biggest in the world.

Mail Box

Anyone But Rooney. Or Baines. Or Hart.

There isn't a great deal of excitement in the Mailbox regarding England's potential new captain, but we have good stuff on Gerrard's development and a one club man team...

Goodbye Patrice And Farewell Steven...

Man United fans say a fond farewell to Patrice Evra in the mailbox while there are also thoughts on Steven Gerrard's retirement from England duty. Plus, some rare cricket bantz...

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