Vital Football

(Conditional) Sale of Pompey to PST confirmed

(Conditional) Sale of Pompey to PST confirmed

As I am sure most are aware of now PKF have confirmed that the sale of Portsmouth Football Club to the PST has been agreed.

A sale agreement has been signed, although this is merely conditional at the moment.

The following statement was officially released on The Pompey Site this morning...

PKF Sign Conditional Agreement With PST

Trevor Birch, PKF partner and joint administrator of Portsmouth Football Club, has released the following statement:

"We can confirm that we have signed a sale agreement with the Pompey Supporters' Trust (PST) to acquire the business of Portsmouth Football Club.

"Portpin has rejected the Trust's offer for Fratton Park, so the sale has to be conditional on receiving the Court's permission to sell the ground. We are therefore in the process of submitting an application to the Court.

"I'm sure every member of staff, every player and every supporter will join me in wishing to see a speedy resolution to what has been a protracted administration.

"Everyone involved in the transaction has worked incredibly hard to get the deal to this stage and, although there is still much that needs to be done, today's announcement marks what is hopefully the beginning of the end of the process.
"

Obviously it is not quite as easy as 'Balram Chainrai its over to you' but the next move that Balram Chainrai does or does not make will make a fair amount of difference...

The official launch of the PST prospectus will also come later today.

PLAY UP POMPEY!

Click here to make your prediction: Pompey v Doncaster.
Click here to make your prediction: Pompey v Orient.

Join the Vital Pompey Debate

Vital Pompey on: facebook Vital Pompey on: twitter

Join the Vital Pompey Forum Debate



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

Writer:pompeyrug
Date:Thursday November 15 2012
Time: 8:53AM

Best of Vital Network

Vital Boxing - Tyson Fury Will Be Back!

Login to post a comment

Recent Portsmouth Articles

Away day Blues

We can be brilliant one game and then woeful the next...usually after we've won (usually pretty well) at home but then we lose away, as we did at Blackpool.

Vital View - League 2, 27th September

A lead at was extended by Plymouth with Blackpool recording a surprising win, talking of which Wycombe's five-one win against Crewe was certainly a 'surprising' win.

Match highlights - Blackpool 3-1 Pompey

The mystery that is Pompey and our dodgy away form continued with another defeat suffered at Blackpool, who hadn't won at home since the first game of the season before this 3-1 win.

On this day in history...29th September

A look back at this day in history, and what was happening with Pompey courtesy of our sister site PompeyRama, 29th September.

Archived Vital Pompey Articles

Vital Pompey articles from

Site Journalists

pompeyrug
Editor email
Profile
eastneydave
Editor email
Profile
paultsmouth
no email
Profile
Chix
no email
Profile

Current Poll (see more polls)

Blackpool MotM
Suggested By: Site Staff
Forde0%
Evans0%
Davies0%
Burgess0%
Stevens20%
Baker0%
Rose0%
Doyle0%
Naismith0%
Roberts20%
Chaplin40%
Sub - Bennett20%
Sub - Smith0%
Sub - Main0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Plymouth 10 7 1 2 22 6
2 Luton 10 5 2 3 17 8
3 Doncaster 10 5 2 3 17 7
4 Portsmouth 10 5 2 3 17 7
5 Notts County 10 5 2 3 17 3
6 Grimsby 10 5 1 4 16 3
7 Carlisle 10 3 7 0 16 3
8 Crewe 10 4 4 2 16 0
9 Morecambe 10 5 1 4 16 -2
10 Colchester 10 4 3 3 15 2
11 Accrington 10 4 3 3 15 1
12 Crawley 10 4 3 3 15 -1
13 Blackpool 10 3 4 3 13 4
14 Mansfield 10 3 4 3 13 -1
15 Hartlepool 10 2 6 2 12 -4
16 Leyton Orient 10 3 2 5 11 -2
17 Barnet 9 2 5 2 11 -2
18 Stevenage 10 3 2 5 11 -3
19 Wycombe 10 3 2 5 11 -3
20 Yeovil 10 3 1 6 10 -5
21 Cambridge 10 2 3 5 9 -6
22 Exeter 10 3 0 7 9 -7
23 Cheltenham 10 1 5 4 8 -3
24 Newport 9 1 3 5 6 -5
Latest F1 News
Latest Vital Boxing News

Recent Portsmouth Results (view all)

Portsmouth Fixtures (view all)

Oct 1 2016 3:00PM : Doncaster Rovers (H)
Sky Bet League Two
Oct 8 2016 3:00PM : Leyton Orient (a)
Sky Bet League Two
Oct 15 2016 3:00PM : Plymouth Argyle (a)
Sky Bet League Two
Oct 22 2016 3:00PM : Notts County (H)
Sky Bet League Two
Oct 29 2016 3:00PM : Cambridge United (a)
Sky Bet League Two
Nov 12 2016 3:00PM : Mansfield Town (H)
Sky Bet League Two

Vital Members League Table

RankNamePoints
1.pompeyrug64
2.storagematt31
3.Copnor4328
4.PompeyFrippy28
5.FrattonBlue26
6.eastneydave21
7.mslorna4817
8.uspompeyfan15
9.pompeyweller14
10.stubbsy0077