Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

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

Portsmouth complete legacy debt payments

Mon 29th Sep 2014 | Money & Finance

Portsmouth have announced that all legacy debts taken on by the club as part of its exit from administration in April 2013 have now been fully settled. 

The Portsmouth Supporter's Trust have been in charge at Fratton Park since striking a deal with former owner Balram Chainrai April 2013.

A club statement said: "Everybody at the club has worked hard in reorganising our operations during the past 18 months and the legacy debts were a significant liability hanging over this ongoing process.

"We would like to thank all staff, supporters, directors and the PFA for their assistance in enabling this to be achieved well ahead of schedule.

"PCFC can now fully focus its efforts on looking forwards instead of backwards, while still recognising that the rebuilding process will continue to be a difficult task in the years ahead. 

"Our imminent move to a new training ground is a fundamental part of this work in putting in place foundations to enable the sustainable growth of all aspects of the club."

Image: Action Images / Jed Leicester 

Posted by: Kev Howland 

Icondia (Icondia-C-468x60.gif)
 
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  

Tweet

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

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

Related Articles

Manchester United & City Donate £1m To Emergency Fund

Thu 25th May 2017 | Money & Finance

Manchester’s two Premier League clubs combine to support the city’s fundraising efforts with a £1m donation pledged to the We Love Manchester Emergency Fund set up in the wake of...

Biggest Prize In Football Gets Bigger For Royals and Terriers

Thu 25th May 2017 | Money & Finance

Huddersfield Town and Reading will battle it out for what is considered the most valuable match in world football at Wembley on Monday 29 th May. Promotion to the Premier League for either club will...

3 Observations From Clubs’ Online Merchandise Stores

Wed 24th May 2017 | Money & Finance

Football clubs and their online merchandise stores have been on DiscountIF ’s radar for some time now. After a few sit downs and calls with clubs in the Premier League, Championship and the two...

The DiscountIF Football Merchandise League

Wed 17th May 2017 | Money & Finance

Manchester United. Real Madrid. Arsenal. These are football clubs first and foremost, but they are also some of the most recognised brands around the world. Football clubs are following others...