Portsmouth - Pompey out of Administration
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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.

The Journalist

Writer: eastneydave Mail feedback, articles or suggestions

Date:Sunday October 24 2010

Time: 12:21AM

Your Comments (oldest first)

Change to most recent first
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
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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!).
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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.
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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
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24/10/2010 01:46:00

Some people are on the p1$$ ........ THEY THINK IT IS ALL OVER........ IT IS NOW!
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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!
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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
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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
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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
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24/10/2010 07:16:00

DIC group still floating round after Liverpool disapointment - id take that one guys!
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24/10/2010 07:48:00

This is the perfect time to celebrate (apart from it being Sunday morning), this is the biggest single most important thing for the club. I am so relieved because it seemed it was never going to happen. Does that mean next weekend we won't get an announcement that the club is about to go under? The nightmare is over! Now will someone please put the clock right in the Fratton End?
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24/10/2010 08:11:00

Can't do a lot more than echo the comments above. I am very relieved, I really did think we were gonners. Going to enjoy the relief given for a bit and then see what unfolds. Must say though that I'm well pleased by our form at the moment....sensational turn around.
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24/10/2010 08:37:00

Hallelujah!! At last. Please, no more shoes to drop!!
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24/10/2010 09:33:00

In the words of Winston Churchill, 'I went to bed and slept the sleep of the saved and thankful.' Things are looking great on the pitch as well as off it and with a couple of shrewd additions to the squad we should have a good season. Perhaps now the lazy journos will come up with something other than 'cash-strapped Pompey'. Happy days, I can reduce the blood pressure medication now.
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24/10/2010 09:39:00

YAY =)
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24/10/2010 09:52:00

Wossat mean, Rugsmum?
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24/10/2010 11:08:00

The future of Pompey now depends on the land surrounding Fratton Park.
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24/10/2010 11:52:00

yep, good point 007 and gay dalek is not likely to be letting that goo cheaply, or without a battle, right?
lets just hope we CAN regroup and rebuild as a club and do this in the right way, PLEASE let it be onwards and upwards now...
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24/10/2010 13:52:00

007/rug suchagaydalek has to have either agreed to sell the land, or bought in as a silent investor. Cant wait for the forest game although i am worried that the motivation will get replaced by relief; not so worried that i without hesitation put my tenner on a 2-1 pompey win a agin. After predicting the score in the Hull game chaps im actually breaking even!
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24/10/2010 23:15:00


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