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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