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Administrators 'seeking clarification' over new bids for Pompey (From Daily Echo)
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Administrators 'seeking clarification' over new bids for Portsmouth FC
1:27pm Thursday 21st February 2013 in News
Administrators 'seeking clarification' over new bids for Pompey
Accountants managing the affairs of troubled football club Portsmouth are expected to ask league bosses today about future ownership possibilities.
Portsmouth's administrators said they would be ''seeking clarification'' about the Football League's position on bids for the club - which is struggling at the foot of League One - as a ''matter of urgency''.
Earlier this month, league bosses said they would only consider an existing bid from a group called the Pompey Supporters Trust.
But accountancy firm PKF, which is acting as Portsmouth's administrator, said there may be indications of a change in the league's stance.
A PKF spokesman said today that the firm had been aware of correspondence which seemed to lead to ''some ambiguity'' about the league's view.
He added: ''We will be seeking clarification from the league as a matter of urgency.''
A league spokesman was not available for comment.
A High Court judge placed Portsmouth into administration in February last year after being told the club had an unpaid tax bill of around £2 million and owed other creditors about the same.
In recent weeks administrators have given the High Court detail of a problem concerning the ownership of the club's Fratton Park stadium.
The PKF spokesman said it was hoped that the ground problem would be solved before the end of the current season in May.
League officials suggested later that their position had not changed.
''The board of the Football League is not considering alternative applications for the transfer of Portsmouth's share in the Football League,'' said a spokesman.
''Instead, it remains focused on a successful transfer of share to the preferred bidder, the Pompey Supporters Trust.''
Earlier this month, league officials said they had been told by administrators that the ''preferred bidder'' was the Pompey Supporters Trust.
They said any late change of ''preferred bidder'' would create uncertainty and was not in the wider interests of the league.
Officials said, therefore, if the trust bid failed and Portsmouth did not ''exit administration'' by the end of the season then the club would lose its membership of the league.
Comments(11)
gladbachsaint
says...
1:43pm Thu 21 Feb 13
red/whitearmy
says...
2:07pm Thu 21 Feb 13
OSPREYSAINT
says...
2:22pm Thu 21 Feb 13
Ozmosis
says...
3:06pm Thu 21 Feb 13
apm1954
says...
6:00pm Thu 21 Feb 13
Stroppy_gramps
says...
7:27pm Thu 21 Feb 13
Sir Ad E Noid
says...
8:04pm Thu 21 Feb 13
Baddesley Bill
says...
8:41pm Thu 21 Feb 13
Shut em down. Be done with it.
Stroppy_gramps
says...
8:18am Fri 22 Feb 13
by law the administrator is bound to take the bid that offers the best deal for the creditors. If Harris comes in with another bid that satisfies this criteria, theres essentially nothing the trust can do about it. Or the administrator.
Then you will have a position where the FL will be forced to carry out its threat to not issue the Golden Share. Or the FL will have to cave in since Harris' bid will have returned the club to sound financial footing - which is what the FL wants.
interesting game of brinkmanship there.
Mind you - if I were a betting man I would put money on Portpin appealing on a point of Law if the Judge reaches a decision that is not favorable to them.
skin2000
says...
10:34am Sun 24 Feb 13
Sir Ad E Noid wrote:Yes, it is good to see her back.
It's her again!!
ToastyTea says...
1:37pm Thu 21 Feb 13