Chainrai: No takeover problems

Balram Chainrai has denied there are problems with Portpin's takeover at Portsmouth.

Last Updated: 13/10/12 at 12:06 Post Comment

Latest Articles

Louis van Gaal says he is content with Manchester United squad

Post comment

Louis van Gaal may not sign any more new players after being impressed with Manchester United’s pre-season form.

Transfer news: Reading eye move for Leyton Orient defender Elliot Omozusi

Post comment

Reading are keeping tabs on Leyton Orient defender Elliot Omozusi, Sky Sports understands.

All Articles

Balram Chainrai: Talks with Football Lea

Balram Chainrai: Talks with Football Lea

Pompey have been in administration since February and the npower League One outfit will go bust if a takeover is not completed.

It is the second time the club has been in administration in two years and Chainrai was at the helm the first time in February 2010, before selling to Vladimir Antonov.

Portsmouth went back into administration this year during which time Portpin retained a charge over the club's assets and Fratton Park.

Chainrai is now looking to take over the club but reports on Saturday questioned whether he will pass the fit and proper person test as Football League rules do not allow a person to own a football club or be a director if he has previously twice been a director or owner of a club when it has fallen into administration.

Following those reports on Saturday, the Hong Kong-based business released a statement that said: "Our discussions with the Football League have been positive and are progressing.

"As far as we are aware we have satisfied the majority of the criteria and we expect now to work through the last remaining points with the Football League in the coming days.

"We are very confident that we are in a position to complete the acquisition of Portsmouth Football club in the near future."

The reports also suggested administrators PKF are set to resume discussions with the Pompey Supporters Trust (PST) next week over its takeover proposal.

The trust, which could be presented to the Football League as preferred bidder, is expecting to hear from administrator Trevor Birch soon and remains resolute in its attempts to buy Portsmouth.

"The PST position has always been clear that we have got what we believe is a credible bid," PST spokesman Colin Farmery told Press Association Sport on Saturday.

"It has been on the table since June and we've always said that we're ready, willing and able to buy the club.

"Obviously we've seen these interesting stories overnight that have come out in the media.

"As far as we're concerned, we're in an on-going dialogue with PKF and we're expecting to get further clarification next week.

"We wrote to the Football League about a fortnight ago outlining our concerns as to why we thought that Portpin should not actually pass their owners and directors test.

"The Football League met on Thursday and nothing official has come out of that meeting at the moment."


Click here for a completely free £10 bet with Sky Bet


Football365 Facebook Fan Page

The Football365 fan page is a great place to meet like minded people, have football related discussions and make new friends.

Footer 365

Frank Lampard may be set for loan spell at Manchester City and he can expect a warm welcome

Kaveh Solhekol reports from the States as Manchester City close in on a dramatic loan signing.

Louis van Gaal says he is content with Manchester United squad

Louis van Gaal may not sign any more new players after being impressed with Manchester United’s pre-season form.

Transfer News: Manchester City in talks with Frank Lampard over loan move

Frank Lampard's representatives are in talks with Manchester City over a loan move, according to Sky sources.

Mail Box

Are Villa Fans The Lowest Of Them All?

With the possible exception of Blackpool, are any club's fans feeling any more depressed about the start of the season than Villa? We also have a bizarre suggestion and...

How Can Tim Sherwood Be Out Of Work?

Don't peple know his PPG was THE BEST EVER FOR A SPURS MANAGER? We also have mails on Luis Suarez, the new fashion for 3-5-2 and more...

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