New offer for Pompey

PKF, the administrators of Portsmouth FC, have confirmed that they have received a new offer for the club. If the offer succeeds, it will mean the end of the attempt by Pompey Supporters’ Trust (PST) to secure control of the club.    Portsmouth would have been the first former Premier League club to be run by a fans’ trust.

Pompey hearing adjourned again

The High Court hearing on the terms on which Fratton Park should be sold has been adjourned again until 31 January.   Acquiring the ground from Balram Chainrai’s company on reasonable terms is key to the plans of Portsmouth Supporters’ Trust to take over the club.

The adjournment, however, is encouraging news as it follows talks between the involved parties last week.   It suggests that an out of court settlement might be possible.

Pompey points deduction confirmed

The Football League has given a cautious welcome to the acquistion of Portsmouth by the club’s Supporters’ Trust.   However, if and when the transfer of ownership does occur, the already announced ten point deduction for entering administration will then apply.

Pompey fans would like to settle out of court

Portsmouth Supporters’ Trust (PST) would like to settle their dispute with Balram Chainrai’s Portpin group over the control of Fratton Park out of court.   The PST need to secure control of the ground to complete their takeover of the club.

However, with the court hearing due next week, there has been no contact between the two teams of lawyers and this does not bode well in terms of an out-of-court settlement.

Port Vale out of administration

Port Vale have exited administration after the £1.25m takeover by Paul Wildes and his business partner was completed.   The historic club entered administration in March with debts of £2.69m and required help from Stoke City Council to survive.

This article reviews the saga that followed.   As is often the case with football clubs in administration, there were many twists and turns, but probably even more so with Port Vale.

Pompey look forward to their day in court

Portsmouth caretaker boss Guy Whittingham hopes that the ownership of the club can be sorted out by the January transfer window.   Pompey are currently one point away from the relegation places in League 1.

Portsmouth Supporters’ Trust (PST) need to force Portpin, the investment vehicle for former owner Balram Chainrai, to sell Fratton Park which he is holding as security against the £18m he is owed by the club.  

Supporters closer to taking over at Pompey

Portsmouth Supporters’ Trust  (PST) are one step closer to taking control at Pompey.   They have signed a conditional agreement with the administrators.

The agreement has to be conditional because Portpin Ltd. own Fratton Park and have rejected the offer made by PST for it.    Hence, the administrator has to apply to the court for permission to buy the ground.