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Pompey out of Administration

Pompey out of Administration

Pompey have just issued the following statement

'The Administrators of Portsmouth City Football Club Ltd are pleased to announce that negotiations between the various parties concerning the sale of the club have now been satisfactorily concluded.

Accordingly, the club has now been formally sold by the Joint Administrators, Messrs UHY Hacker Young, and will continue to trade outside of Administration.

The Administrators would like to thank Mr Gaydamak for his cooperation and assistance in securing the future of the club and acknowledges that he has played an integral part in delivering its survival.'

And so so all of us!!

Happy days after what we have been dragged through in the last thirty hours!!


Click here to join in the debate on the club forum.

Date:Sunday October 24 2010
Time: 12:21AM


now we know why Al Fahim was at Millwall...he has bought the club from Balu.....sorry... HOORAY...steve gets a budget in January
plymouth graham
24/10/2010 00:31:00
What a sense of relief. It's almost difficult to contemplate that the nightmare is over. It doesn't say who we've been sold to, but assuming it's BC let's now give him total support (unless of course he does an AF!).
24/10/2010 01:16:00
This great news, great news. And like him or not it's a well done to AA, hard work sometimes - well most of the time actually- but every one had to win he did that thing. Now with all due respect, take some plaudits then s0d 0rf into the back ground. So it's BC, well for at least a day, being Pompey who knows on Monday, I don't think BC will hand the club over to any old monkey after the aggro ge has had to get it. I think the man will ensure the creditors get there money and the CVA is honoured. He has recommited to pay the charities and small creditors in full, none of which are his liability so I hope those who were giving the man grief will think about it now. Now we can get back to moaning about the things that really count like the Ref's eye sight and the state of the pies. I'm happy with the stadium not to moan about it- well not until next season anyway.
24/10/2010 01:27:00
Wow, can't believe it, so happy for you all! Can't wait to see you back in the Prem soon!
The Horses Mouth
24/10/2010 01:46:00
Some people are on the p1$$ ........ THEY THINK IT IS ALL OVER........ IT IS NOW!
24/10/2010 02:09:00
Its the best news we have had for a while (save for the teams actual work on the pitch which has been awesome). Hopefully the club can start to move forward now,maybe get into a more positive frame of mind!
24/10/2010 02:27:00
What a difference a day makes! I'll think i'll hold off on the celebrating for now, serious investment is needed but at least we've moved forward.
Steve C
24/10/2010 05:24:00
I must agree with Russellm..BC has kept EVERY promice so far, has paid creditors under£2k in full, provided £7M reserve..and now takes out of Administration... I cant find the SSN article where there is mention of him having a consortium joining him, or of the promice of surprises...but i will take him at his work...maybe its Peter lim after his disapointment at being denied Liverpool ownership...offering to us a FP refurb...Hmm not sure about that for loads ofd reasons
plymouth graham
24/10/2010 06:26:00
Im so happy right now! I was sure we was gone, but I was wrong and how happy that I was PLAY UP POMPEY
24/10/2010 07:16:00
DIC group still floating round after Liverpool disapointment - id take that one guys!
24/10/2010 07:48:00
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