Pompey Supporters Trust appointed as preferred bidders for Portsmouth FC

Daily Echo: Fratton Park Fratton Park

Pompey's administrators have nominated Portsmouth Supporters Trust as their preferred bidder to take over the beleaguered League One club.

PKF have been seeking a new buyer for the club since it was placed under its control in February with debts of £61million.

Trevor Birch, PKF partner and joint administrator of Portsmouth, said in a statement: ''After extensive discussions over the past few weeks, we have today nominated Portsmouth Supporters Trust as the preferred bidder for Portsmouth Football Club.

''We will be working with the Trust, the Football League and the Professional Footballers' Association to conclude the sale of the club as soon as possible.''

PST's emergence as the favoured bidder appears to rule out Balram Chainrai's claims that his company, Portpin, will be the club's new owners.

The Hong Kong-based businessman spoke out last week to deny claims that the Football League had expressed concerns over his suitability.

He said in a statement: ''Our discussions with the Football League have been positive and are progressing.

''As far as we are aware we have satisfied the majority of the criteria and we expect now to work through the last remaining points with the Football League in the coming days.

''We are very confident that we are in a position to complete the acquisition of Portsmouth Football club in the near future.''

Chainrai was at the helm when Pompey went into administration in 2010 and it is thought he could have been involved when they were placed back in administration eight months ago.

The rules of the Owners and Directors test stipulates that a person who has twice been involved with a club going into administration cannot become an owner or director.

Despite the PST's new position as the administrators' preferred bidder, it is likely Chainrai will contest any takeover as he is owed £18million by the south coast club and holds Fratton Park as security.

Comments (20)

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4:36pm Thu 18 Oct 12

mbetts says...

They're Conference bound! The new Luton Town! LMFAO!!!!!!!!!!!!!!!
!!!!!!!!
They're Conference bound! The new Luton Town! LMFAO!!!!!!!!!!!!!!! !!!!!!!! mbetts

4:37pm Thu 18 Oct 12

St Retford says...

This is going to be AMAZING.
This is going to be AMAZING. St Retford

4:47pm Thu 18 Oct 12

Licky_Rambert says...

this is fantastic news!!!
this is fantastic news!!! Licky_Rambert

4:49pm Thu 18 Oct 12

JKE says...

The lady in the picture is on her way to make a donation with a basket full of coppers. What a sh1thole
The lady in the picture is on her way to make a donation with a basket full of coppers. What a sh1thole JKE

4:57pm Thu 18 Oct 12

SaintAsh1964 says...

Great news about the Blue few, no money, no hope and no future!
Great news about the Blue few, no money, no hope and no future! SaintAsh1964

5:30pm Thu 18 Oct 12

insane saint says...

you just got to love that pic of the granny, she always brings good news......
you just got to love that pic of the granny, she always brings good news...... insane saint

7:20pm Thu 18 Oct 12

costa gaz says...

I wonder what seedhouse has to say about this?

Oh wait, here it is from the pompey news!!!!!!!!!!


Congratulations. It's been hard fought and long coming but right has won over wrong and that is a triumph for football in general.


Call your self a saints fan.... plastic 2hat! hang your head in shame seed.
R.Sole
I wonder what seedhouse has to say about this? Oh wait, here it is from the pompey news!!!!!!!!!! Congratulations. It's been hard fought and long coming but right has won over wrong and that is a triumph for football in general. Call your self a saints fan.... plastic 2hat! hang your head in shame seed. R.Sole costa gaz

7:25pm Thu 18 Oct 12

Brusher Mills says...

Do you think Chainrai will kick them out, sell the ground for redevelopment, to spite them?
Do you think Chainrai will kick them out, sell the ground for redevelopment, to spite them? Brusher Mills

7:32pm Thu 18 Oct 12

costa gaz says...

Brusher Mills wrote:
Do you think Chainrai will kick them out, sell the ground for redevelopment, to spite them?
Either that or charge them rent that they cannot possibly afford.
He will not take this lying down.
[quote][p][bold]Brusher Mills[/bold] wrote: Do you think Chainrai will kick them out, sell the ground for redevelopment, to spite them?[/p][/quote]Either that or charge them rent that they cannot possibly afford. He will not take this lying down. costa gaz

8:25pm Thu 18 Oct 12

puppy saint says...

costa gaz wrote:
I wonder what seedhouse has to say about this?

Oh wait, here it is from the pompey news!!!!!!!!!!


Congratulations. It's been hard fought and long coming but right has won over wrong and that is a triumph for football in general.


Call your self a saints fan.... plastic 2hat! hang your head in shame seed.
R.Sole
Exactly!
[quote][p][bold]costa gaz[/bold] wrote: I wonder what seedhouse has to say about this? Oh wait, here it is from the pompey news!!!!!!!!!! Congratulations. It's been hard fought and long coming but right has won over wrong and that is a triumph for football in general. Call your self a saints fan.... plastic 2hat! hang your head in shame seed. R.Sole[/p][/quote]Exactly! puppy saint

8:30pm Thu 18 Oct 12

Costa Baz says...

For "preferred bid" substitute "only bid".

I feel sorry for the administrator previously having to choose between Portpin and the PST.

It's like being asked "How would you like to die? Bubonic Plague or Lassa fever?"
For "preferred bid" substitute "only bid". I feel sorry for the administrator previously having to choose between Portpin and the PST. It's like being asked "How would you like to die? Bubonic Plague or Lassa fever?" Costa Baz

8:58pm Thu 18 Oct 12

bluewhiteandred says...

Saints fans you pay between £38- £50 a game and just paid out 12 million for ramirez on probably £40 000 a week you had many fans on radio solent saying they have been priced out of attending games. you should form a supporters trust to keep your future safe !

pompey supporters trust offers people who love pompey all profits back in to the club no more greedy owners
pompey charge £20 a game
Saints fans you pay between £38- £50 a game and just paid out 12 million for ramirez on probably £40 000 a week you had many fans on radio solent saying they have been priced out of attending games. you should form a supporters trust to keep your future safe ! pompey supporters trust offers people who love pompey all profits back in to the club no more greedy owners pompey charge £20 a game bluewhiteandred

8:58pm Thu 18 Oct 12

bluewhiteandred says...

Saints fans you pay between £38- £50 a game and just paid out 12 million for ramirez on probably £40 000 a week you had many fans on radio solent saying they have been priced out of attending games. you should form a supporters trust to keep your future safe !

pompey supporters trust offers people who love pompey all profits back in to the club no more greedy owners
pompey charge £20 a game
Saints fans you pay between £38- £50 a game and just paid out 12 million for ramirez on probably £40 000 a week you had many fans on radio solent saying they have been priced out of attending games. you should form a supporters trust to keep your future safe ! pompey supporters trust offers people who love pompey all profits back in to the club no more greedy owners pompey charge £20 a game bluewhiteandred

9:10pm Thu 18 Oct 12

costa gaz says...

bluewhiteandred wrote:
Saints fans you pay between £38- £50 a game and just paid out 12 million for ramirez on probably £40 000 a week you had many fans on radio solent saying they have been priced out of attending games. you should form a supporters trust to keep your future safe !

pompey supporters trust offers people who love pompey all profits back in to the club no more greedy owners
pompey charge £20 a game
I am sure seedhouse will see your point, but you are comparing caviar to cod roe my friend.
Agreed some fans have been priced out and there are couple of thousand empty seats. (this is happening at most EPL clubs)
Pompey fans have been priced IN and half the ground is empty.
As I say no real comparison, we are miles apart now and under the PST the gap will continue to get bigger.
[quote][p][bold]bluewhiteandred[/bold] wrote: Saints fans you pay between £38- £50 a game and just paid out 12 million for ramirez on probably £40 000 a week you had many fans on radio solent saying they have been priced out of attending games. you should form a supporters trust to keep your future safe ! pompey supporters trust offers people who love pompey all profits back in to the club no more greedy owners pompey charge £20 a game[/p][/quote]I am sure seedhouse will see your point, but you are comparing caviar to cod roe my friend. Agreed some fans have been priced out and there are couple of thousand empty seats. (this is happening at most EPL clubs) Pompey fans have been priced IN and half the ground is empty. As I say no real comparison, we are miles apart now and under the PST the gap will continue to get bigger. costa gaz

9:47pm Thu 18 Oct 12

Rocket 1 says...

costa gaz wrote:
bluewhiteandred wrote:
Saints fans you pay between £38- £50 a game and just paid out 12 million for ramirez on probably £40 000 a week you had many fans on radio solent saying they have been priced out of attending games. you should form a supporters trust to keep your future safe !

pompey supporters trust offers people who love pompey all profits back in to the club no more greedy owners
pompey charge £20 a game
I am sure seedhouse will see your point, but you are comparing caviar to cod roe my friend.
Agreed some fans have been priced out and there are couple of thousand empty seats. (this is happening at most EPL clubs)
Pompey fans have been priced IN and half the ground is empty.
As I say no real comparison, we are miles apart now and under the PST the gap will continue to get bigger.
would not pay 20p to watch "POOPEE" or when you team up with Havant&Waterloovile, and you are called Porterloo-ville you will only have to spend a Penny, how cheap is that???
[quote][p][bold]costa gaz[/bold] wrote: [quote][p][bold]bluewhiteandred[/bold] wrote: Saints fans you pay between £38- £50 a game and just paid out 12 million for ramirez on probably £40 000 a week you had many fans on radio solent saying they have been priced out of attending games. you should form a supporters trust to keep your future safe ! pompey supporters trust offers people who love pompey all profits back in to the club no more greedy owners pompey charge £20 a game[/p][/quote]I am sure seedhouse will see your point, but you are comparing caviar to cod roe my friend. Agreed some fans have been priced out and there are couple of thousand empty seats. (this is happening at most EPL clubs) Pompey fans have been priced IN and half the ground is empty. As I say no real comparison, we are miles apart now and under the PST the gap will continue to get bigger.[/p][/quote]would not pay 20p to watch "POOPEE" or when you team up with Havant&Waterloovile, and you are called Porterloo-ville you will only have to spend a Penny, how cheap is that??? Rocket 1

11:32pm Thu 18 Oct 12

CEH393 says...

bluewhiteandred wrote:
Saints fans you pay between £38- £50 a game and just paid out 12 million for ramirez on probably £40 000 a week you had many fans on radio solent saying they have been priced out of attending games. you should form a supporters trust to keep your future safe !

pompey supporters trust offers people who love pompey all profits back in to the club no more greedy owners
pompey charge £20 a game
Pompey charge £20 a game! Yes that's about right for watching Division 3 football, if I was you I would be very worried, charging that sort of price will not buy any decent players for you, all you will get is end of life crap and teenagers, also you will have to pay inflated rent to stay at Fratton Park and that's if it does not become a tesco superstore, the supporters trust will be ground sharing with Havant & Waterloovile, and by then will be in the same league with no funds..... Happy thoughts :-D
[quote][p][bold]bluewhiteandred[/bold] wrote: Saints fans you pay between £38- £50 a game and just paid out 12 million for ramirez on probably £40 000 a week you had many fans on radio solent saying they have been priced out of attending games. you should form a supporters trust to keep your future safe ! pompey supporters trust offers people who love pompey all profits back in to the club no more greedy owners pompey charge £20 a game[/p][/quote]Pompey charge £20 a game! Yes that's about right for watching Division 3 football, if I was you I would be very worried, charging that sort of price will not buy any decent players for you, all you will get is end of life crap and teenagers, also you will have to pay inflated rent to stay at Fratton Park and that's if it does not become a tesco superstore, the supporters trust will be ground sharing with Havant & Waterloovile, and by then will be in the same league with no funds..... Happy thoughts :-D CEH393

12:41am Fri 19 Oct 12

bluewhiteandred says...

In your previous administration your fans did not have the will or desire to save your club by forming a supporters bid your fans could of lost your club if the gentleman who died did not come in and save your club sadly he died and you have cortesse and le tissier having a battle of words now !
In your previous administration your fans did not have the will or desire to save your club by forming a supporters bid your fans could of lost your club if the gentleman who died did not come in and save your club sadly he died and you have cortesse and le tissier having a battle of words now ! bluewhiteandred

10:45am Fri 19 Oct 12

Mr_Forest says...

Saints had a better set up for a buyer to walk into and add to because Lowe for all his faults tried to get the back up structure in place (ground & academy).

Unfortunately Pompey owners decided to gamble on geting revenue streams in without having the infrastructure in place.

As a Pompey fan I hope the trust takes its time and builds the right infrastructure so we can grow and meet Saints in the Prem on a stable footing.

I love derby days, banter is amazing!
Saints had a better set up for a buyer to walk into and add to because Lowe for all his faults tried to get the back up structure in place (ground & academy). Unfortunately Pompey owners decided to gamble on geting revenue streams in without having the infrastructure in place. As a Pompey fan I hope the trust takes its time and builds the right infrastructure so we can grow and meet Saints in the Prem on a stable footing. I love derby days, banter is amazing! Mr_Forest

1:33pm Fri 19 Oct 12

StPete says...

bluewhiteandred wrote:
In your previous administration your fans did not have the will or desire to save your club by forming a supporters bid your fans could of lost your club if the gentleman who died did not come in and save your club sadly he died and you have cortesse and le tissier having a battle of words now !
Probably the longest sentence I've ever seen
[quote][p][bold]bluewhiteandred[/bold] wrote: In your previous administration your fans did not have the will or desire to save your club by forming a supporters bid your fans could of lost your club if the gentleman who died did not come in and save your club sadly he died and you have cortesse and le tissier having a battle of words now ![/p][/quote]Probably the longest sentence I've ever seen StPete

3:53pm Fri 19 Oct 12

Rising_Son says...

bluewhiteandred wrote:
In your previous administration your fans did not have the will or desire to save your club by forming a supporters bid your fans could of lost your club if the gentleman who died did not come in and save your club sadly he died and you have cortesse and le tissier having a battle of words now !
There were at least two viable bidders, so there wasn't an urgent need for a supporters` trust.
[quote][p][bold]bluewhiteandred[/bold] wrote: In your previous administration your fans did not have the will or desire to save your club by forming a supporters bid your fans could of lost your club if the gentleman who died did not come in and save your club sadly he died and you have cortesse and le tissier having a battle of words now ![/p][/quote]There were at least two viable bidders, so there wasn't an urgent need for a supporters` trust. Rising_Son

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