Fans sign conditional agreement to buy Pompey (From Daily Echo)
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Fans sign conditional agreement to buy Pompey
9:27am Thursday 15th November 2012 in Sport
Fratton Park
Portsmouth's administrators have signed a conditional agreement to sell the League One club to the Pompey Supporters' Trust.
Trevor Birch, of administrators PKF, confirmed today they have signed an agreement with the PST which is subject to receiving permission to sell Fratton Park.
The move comes after the administrators withdrew preferred bidder status from Portpin, the largest creditor in the Portsmouth Football Club (2010) administration, more than three weeks ago and named PST as the preferred bidders.
''We can confirm that we have signed a sale agreement with the PST to acquire the business of Portsmouth Football Club,'' Birch said in a statement.
''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 with me in wishing to see a speedy resolution of 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.''
Comments(35)
mack chinnon
says...
9:48am Thu 15 Nov 12
Come on Donny.
mack chinnon
says...
9:51am Thu 15 Nov 12
Your not kidding.
HA HA HA HA HA HA HA HA.
Come on Donny.
costa gaz
says...
9:58am Thu 15 Nov 12
The tiger (Chanrai) is wounded but now at his most dangerous.
Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered.
This will go on for a lot longer than the blue few think.
Sussex Saint
says...
10:00am Thu 15 Nov 12
randre
says...
10:28am Thu 15 Nov 12
Seedhouse the Unrepentant
says...
10:39am Thu 15 Nov 12
I hope this drags on and on. I hope Chainrai stiffs it out until the end with some brilliant delaying tactics. I hope Birch continues to run up massive administration bills. I hope the Few continue to in fight. And last but most certainly not least I hope they go out of business for good.
Sir Alan Knight
says...
10:50am Thu 15 Nov 12
randre
says...
11:04am Thu 15 Nov 12
Sir Alan Knight wrote:Yep, still in the Premiership, thats where we will be on Saturday, regardless of the result. So I congratulate you, you are correct, the Premiership IS where we belong, as you rightly say.
Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.
However you will be one league above where you rightly belong... But it won't last!!
Costa Baz
says...
11:12am Thu 15 Nov 12
Well, I hope the best bid the trust have received, for the ground, has been made by a company that has it's roots in Portpin.
Chanrai paying himself to go away, but actually tightening his grip on the scabby little club???
Now that WOULD make me laugh.
GX Saint
says...
11:12am Thu 15 Nov 12
Main light at the end of the tunnel for me is the -10. Apart from that I couldn't give a t0ss what happens down there.
GX Saint
says...
11:15am Thu 15 Nov 12
GX Saint wrote:almost
So alost 2 hours after this story goes up I'm the 10th comment. Speaks volumes for the level on interest. Main light at the end of the tunnel for me is the -10. Apart from that I couldn't give a t0ss what happens down there.
saint63
says...
11:26am Thu 15 Nov 12
saint63
says...
11:34am Thu 15 Nov 12
Sir Alan Knight wrote:We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR
Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.
saint63
says...
11:34am Thu 15 Nov 12
Sir Alan Knight wrote:We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR
Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.
City Saint
says...
12:18pm Thu 15 Nov 12
So if no deal on the shed by August 2013, p*mpey goes pop.
on the ball city never mind the danger
says...
12:42pm Thu 15 Nov 12
saint63 wrote:will be visiting little india ( st marys ) on the 28th november 2012 for norwich game hope the southampton defence is still sleeping that night
Sir Alan Knight wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR
on this subject about portsmouth & southampton the biggest club is the one who has won more league titles more fa cups more noisy fans from a norwich fans point of view portsmouth will always be the NO1
super grant holt is better than lambert proven
SO50 Saint
says...
12:54pm Thu 15 Nov 12
Saintcosser
says...
12:57pm Thu 15 Nov 12
.again.
Saintcosser
says...
12:59pm Thu 15 Nov 12
Little Hitler
says...
1:14pm Thu 15 Nov 12
on the ball city never mind the danger wrote:Oh yes the fish fiddlers are known across the land for being the bestist supports in the land. What with the 7,000 or so who turn up at Farton Krap and the 100 or so who went to Bury recently and left at half time.
saint63 wrote:will be visiting little india ( st marys ) on the 28th november 2012 for norwich game hope the southampton defence is still sleeping that night on this subject about portsmouth & southampton the biggest club is the one who has won more league titles more fa cups more noisy fans from a norwich fans point of view portsmouth will always be the NO1 super grant holt is better than lambert provenSir Alan Knight wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR
I believe they HAVE won more trophies but if you did some investigation you'll find that the 2 league titles were mainly due to the fact that they reaped the benefits of players from around the country being based in Fishville during the war. The most recent FA Cup win was purchased using daddy's credit card but then they couldn't be bothered paying the bill!
Anyway, the here and now should be the measure of the biggest club (whatever that is). If we use your logic then we could argue that Greece is the best country in the world and Liverpool the best football club. Now that's OBVIOUSLY right!
Holt better than Lambert = LOL
on the ball city never mind the danger
says...
1:22pm Thu 15 Nov 12
Saintcosser wrote:the lifeboat crew
Ipswich are bigger than Norwich. However, Norwich fans have more fingers and toes than Ipswich fans.
because its fullof women & kids
on the ball city never mind the danger
says...
1:49pm Thu 15 Nov 12
SO50 Saint
says...
1:50pm Thu 15 Nov 12
costa gaz
says...
2:12pm Thu 15 Nov 12
on the ball city never mind the danger wrote:On the ball city, glad you are looking foward to your visit to St Mary's.
saint63 wrote:will be visiting little india ( st marys ) on the 28th november 2012 for norwich game hope the southampton defence is still sleeping that night
Sir Alan Knight wrote: Pompey onwards and upwards more than I can say for you boys so once QPR beat you on Saturday your be where you belong.We may go down but parachute and payments hmmmmm look at WBA , nicely run making money what about you , 2 years too quick to get to the promised land but we are here where are you my little fish fiddler ,already we are in profit and reaping the rewards **** on donny in Adkins we trust COYR
on this subject about portsmouth & southampton the biggest club is the one who has won more league titles more fa cups more noisy fans from a norwich fans point of view portsmouth will always be the NO1
super grant holt is better than lambert proven
Will uncle mum and auntie dad be comming with you?
No wonder you are on the side of the two toed mutants from east Hampshire.
Birds of a feather ....
High six!!!!!!!
on the ball city never mind the danger
says...
2:17pm Thu 15 Nov 12
fills the scumhampton air
SO50 Saint
says...
2:22pm Thu 15 Nov 12
Stroppy_gramps
says...
3:52pm Thu 15 Nov 12
ignore the troll and it fades away.
all that matter is getting behind the Saints and cheering them all the way. Leave History to the historians and the bitter who wish to try and live upon past glories.
One point above relegation will do me nicely and the best way I can help Southampton achieve that is by singing and cheering them on as loud as I can.
Sir Alan Knight
says...
4:07pm Thu 15 Nov 12
Normandy
says...
5:05pm Thu 15 Nov 12
wants the dump, they must all be pretty depresed and have to follow
Saints fans comments
I give it one season before they go under max.
PTID1898
says...
7:48pm Thu 15 Nov 12
costa gaz wrote:The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP
How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA.
The tiger (Chanrai) is wounded but now at his most dangerous.
Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered.
This will go on for a lot longer than the blue few think.
Reality-man
says...
9:08pm Thu 15 Nov 12
PTID1898 wrote:Have you paid back the money you stole from the cancer charity yet?
costa gaz wrote:The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP
How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA.
The tiger (Chanrai) is wounded but now at his most dangerous.
Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered.
This will go on for a lot longer than the blue few think.
Stroppy_gramps
says...
11:07pm Thu 15 Nov 12
PTID1898 wrote:tip: dots not comma's.
costa gaz wrote:The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP
How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA.
The tiger (Chanrai) is wounded but now at his most dangerous.
Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered.
This will go on for a lot longer than the blue few think.
£61m is what's being reported.
does that include PKF's pound of flesh?
It's been reported as £61m for a long time - is there no interest being charged?
Is the club making enough money to at least break even each month? (with those gate numbers I doubt it)
remember - media reports are always spun to make things look more positive than they are. (or negative if you are the DE talking about Saints)
All joking and slating aside - until your club is on a proper sound financial footing with a decent ground and an owner who has the financial grounding to make it work I would be really nervous.
PKF have no interest in resolving this quickly.
BC has voiced some really serious concerns that should not be ignored regarding the PST - ok he might be biased, but what he is saying should be ringing alarm bells
The PST are doing this on a wing and a prayer - you lot are in for a bumpy ride IF it works.
costa gaz
says...
7:02am Fri 16 Nov 12
PTID1898 wrote:I know that the debt for the current administration is £61m, add this with the 2010 admin (£138m) and it comes out at a whopping £199m.
costa gaz wrote:The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP
How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA.
The tiger (Chanrai) is wounded but now at his most dangerous.
Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered.
This will go on for a lot longer than the blue few think.
What is there to show for it?
A cup win, a couple of trips to Wembley and a game against AC Milan.
Stroppy_gramps
says...
8:27am Fri 16 Nov 12
costa gaz wrote:clearly this is the success they keep on bleating about
PTID1898 wrote:I know that the debt for the current administration is £61m, add this with the 2010 admin (£138m) and it comes out at a whopping £199m. What is there to show for it? A cup win, a couple of trips to Wembley and a game against AC Milan.costa gaz wrote: How can a business that has almost £200m of un-paid debt be bought for a couple of £m's, with only a few pounds for various people, companies,the taxman and charities via a CVA. The tiger (Chanrai) is wounded but now at his most dangerous. Some silly skates think that all that needs to be done now is go to court, where a judge will order Chanrai to sell the ground at the price the PST have offered. This will go on for a lot longer than the blue few think.The debt is only £61m,,,my god scummers are stupid and you obviously can't read other wise you would have known this,,,PUP
Little Hitler says...
9:48am Thu 15 Nov 12