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Portpin response comes

The response to The PST moving that step closer to completing the takeover of Portsmouth Football Club was always going to bring a response from Balram Chainrai.

And a Portpin statement has duly arrived...

Portpin insist that they remain 'the best offer for the future' of this club and 'remain ready to complete' a deal in days should The PST be unsuccessful.

It is also claimed that the football league have not rejected their application: 'we still believe our bid remains the best offer for the future of Portsmouth Football Club.

'We remain ready to complete the deal in a matter of days, should the Trust be unsuccessful. That is our intention, and despite ill-informed gossip to the contrary, the Football League have not rejected our application.

'The Trust's bid is conditional on securing a deal to flip Fratton Park and sell it to property developers. The money raised from that sale is vital to fund their bid and yet the rental agreement will ratchet up costs and put the Club under more pressure every year that goes by.

'We believe that keeping Fratton Park under the ownership of the Club-which our bid guarantees-is of paramount importance to the future of Portsmouth Football Club if it is to remain at the heart of the community.'

So looking for 1m, or more, per season in rent for PFC to play at Fratton Park under you Chainrai would not 'ratchet up costs' then would it Balu!

I wish that the football league would officially confirm once and for all if they do have objections to the takeover from Portpin or not, if they do then that blows them, and their thoughts, well and truly out of the water...

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Thursday November 15 2012

Time: 1:28PM

Your Comments (oldest first)

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I second your final paragraph, Rug. All we seem to get from the PST and BC is 'point scoring'. Let's have some truth from Birch and the FL.
PFCblue
Report Abuse
15/11/2012 14:11:00

i just worry we will end paying rent to somebody who does not care about the club..
plymouth graham
Report Abuse
15/11/2012 17:54:00

The FL deffo sent a six page letter to Portpin last explaining that they would not pass the Owners and directors test, so they shouldn't bother applying. This was because Chinny's lawyers kept bothering them. The PST have a watertight deal to pay Stuart Robinson about 10% of the rent Chinny wanted (1.2 million a year was Portpin's offer!). Chinny has had his time. He can never own Pompey again. It's Trust or bust for sure now. You want a football club? Back the trust by pledging, or getting down FP on match days!
Nagoyablue
Report Abuse
16/11/2012 07:28:00

I meant last week....
Nagoyablue
Report Abuse
16/11/2012 07:29:00

 

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