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
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