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

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

I

may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Mike_Christie
Please Stop Telling Us What To Think

H

ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

TheWhiz
Wenger hails important win

I

s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

redbornandbred
De Gea's Europa League target

Footer 365

Premier League: John Terry close to agreeing new Chelsea deal

John Terry will hopefully agree terms on a new contract in the next two weeks, says Chelsea coach Steve Holland.

Cardiff City: Ole Gunnar Solskjaer defends Aron Gunnarsson over leak

Ole Gunnar Solskjaer has defended Aron Gunnarsson over allegations he leaked details of the Cardiff starting XI.

Liverpool dominate PFA shortlists

Liverpool's Luis Suarez, Steven Gerrard and Daniel Sturridge have all been nominated for the PFA's Player of the Year award.

Mail Box

Kieran's Not The Only One Keeping Notes

Another chap in the mailbox has been keeping notes on comments made by optimistic Man United fans. Plus, Garey Vance is offering a double-or-quits on his new tattoo...

Mignolet Is The Reason For Liverpool Flying

Mignolet's bad kicking is the reason for Liverpool's success, whilst one man keep notes on F365 mails. Plus England excitement, Arteta and a bad Walsall experience...

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