Pompey buy-out moves closer

Pompey Supporters' Trust are closing in on the purchase of Portsmouth, after exchanging contracts with administrators.

Last Updated: 08/03/13 at 16:26 Post Comment

Latest Articles

Luis Suarez rules out joining any English club but Liverpool

Post comment

Luis Suarez refused to rule out a return to Liverpool and insists he will never play for another Premier League club.

Manchester United's Radamel Falcao plays down talk of Juventus move

Post comment

Radamel Falcao has played down talk of a summer move to Juventus and says he is fully focused on Manchester United.

All Articles

Fratton Park: Takeover hinges on the sal

Fratton Park: Takeover hinges on the sal

The Pompey Supporters' Trust are closing in on the purchase of Portsmouth, after exchanging contracts with the League One club's administrators PKF.

The deal now hinges on a court case next month at which PKF will attempt to gain permission to sell Fratton Park, which is controlled by former owner Balram Chainrai, to the fans' group.

Trust chairman Ashley Brown said: 'We are delighted to announce that, on Thursday afternoon, we exchanged contracts with PKF for the acquisition of PFC.

"We must now focus on securing the release of the charge on Fratton Park, which in turn will trigger the completion of the deal.

"We are on the verge of creating football history. Several thousand fans are already part of that and we urge others to now join us, so that they too will own a part of their club.

"We are confident of success in the court but we would still welcome the opportunity to settle quickly and allow us to start the job of rebuilding the club, with the community and supporters at its heart."

One of the individual investors, Iain McInnes, will become chairman if the deal goes through, and he said: "If you believe it, you can achieve it.

"I'm proud to be part of a group of people who have collectively pulled together to get us this far. Finally the fans can see the end of what's been a very long and challenging haul.

"We will not be counting any chickens just yet, particularly as there's due process to go through. However, I believe that, if a bid is to be judged on its merits, then there can be only one outcome. So let's get on and get this done."

The Trust have raised around £2m through a share issue and are confident that more fans will now join their share scheme.

Pompey have been in administration for over a year and will be deducted 10 points when they emerge. The club are currently bottom of League One but won their first match in 24 attempts against Crewe last week.


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


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

European Qualifiers round-up: Wins for Germany, Portugal and Romania

Goals from Marco Reus and Thomas Muller gave Germany victory over Georgia while Portugal beat Serbia to go top of Group I.

Luis Suarez rules out joining any English club but Liverpool

Luis Suarez refused to rule out a return to Liverpool and insists he will never play for another Premier League club.

Scotland 6-1 Gibraltar: Steven Fletcher scores hat-trick in European Qualifier

Gibraltar scored their first competitive goal, but Steven Fletcher's hat-trick helped Scotland win 6-1 at Hampden Park.

Mail Box

FA Refusing To Learn From Germany

We have a postcard from Germany in the Mailbox highlighting how Greg Dyke's quick-fix approach is all wrong. Also, the clamour for Kane, and size matters, apparently...

Where's The Love For Walcott?

Theo Walcott is wanted by neither Arsenal or Liverpool fans in the afternoon Mailbox. Also, some good points on the FA skewed priorities, and glorious geekery...

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