Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Portsmouth's Future Near To Conclusion

Thu 21st Feb 2013 | Clubs Ownership

Portsmouth’s long running ownership saga could be decided soon after the Court confirmed the case would be heard on the 19th April.

A spokesman for PKF, the club’s administrator, said: “We are pressing ahead with the case that is seeking the court’s consent for the disposal of Fratton Park to the Pompey Supporters Trust (PST).

"The court has this morning confirmed that the case will be heard by 19 April at the latest, which will enable us to meet the Football League's deadline for the sale of the club, subject to a favourable ruling.

“We hope that, in the next few days, the court will be able to set a specific date for this hearing.”

PST had hoped to secure ownership of the club but a wrangle over the ownership of Fratton Park has held things up whilst a rival bid from Keith Harris was put forward earlier this week.

"The court was also made aware that correspondence has been exchanged between the Football League and Portpin which seems to lead to some ambiguity with the League's previous public statements that no other bid would be considered at this late stage. We will be seeking clarification from the League as a matter of urgency."

At the hearing today, Ashley Brown, chairman of PST, said: “We are pleased our bid is proceeding. As presented in court today our bid is fully funded and ready to go and we hope a date can be found in the near future to resolved this matter so the Trust can start the job of rebuilding the club.

“The Football League has also cleared up any confusion by making it clear for a third time that it will only consider a bid from PST.

“Our bid has widespread support, including from Portsmouth City Council, our property partner Stuart Robinson, local and national politicians, Supporters Direct and, most importantly thousands of loyal Pompey fans who have backed the club financially when it needed it most.

'They have done this by either buying shares, attending matches or, most importantly in the case of our high net worth investors, by underwriting the club's losses in the autumn. Without them the club may have already disappeared.”

Posted by: Aaron Gourley

Subscribe to our newsletter

 

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Mike Ashley Puts Newcastle United Up For Sale

Tue 17th Oct 2017 | Clubs Ownership

Mike Ashley has formally announced his intention to sell Newcastle United. In a statement released on Monday evening, it was announced that owner Mike Ashley was looking to sell the club by Christmas...

EFL To Consider US Style Interventions At Troubled Clubs

Thu 21st Sep 2017 | Clubs Ownership

Giving the EFL unprecedented American-style powers to take over the running of clubs in crisis will be on the agenda when clubs meet today to discuss how the situation which ravaged Leyton Orient can...

Ossett Albion Takeover Brings Readymade Academy

Wed 13th Sep 2017 | Clubs Ownership

The founders and directors of Unita, a local based facilities management company, have taken the reigns at Ossett Albion in a move which sees the EVO-Stik North club inherit a ready-made football...

Southampton Secures Chinese Investment Partners

Mon 14th Aug 2017 | Clubs Ownership

Southampton Football Club has announced the formal conclusion of talks which will see Chinese businessman Mr Jisheng Gao take a stake in the Premier League club. In a letter to fans issued on Monday...