Forgot Password

 

Register

 

Create your Connect ID

This will allow you to login to all DStv websites & applications




or
Login using
x

Email Reset

 




Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Football | English Championship

Portsmouth fans © Action Images

Fans aim for Portsmouth takeover



A group representing thousands of Portsmouth fans hopes to be in charge of the former English Premier League club by the end of the year after agreeing to buy it out of administration.

Portsmouth, an estimated £61 million in debt, went into administration in February and were subsequently relegated to the third tier of English soccer.

The sale of the club to the Pompey Supporters' Trust (PST) remains conditional on it winning legal clearance to buy the club's Fratton Park home after opposition from rival bidder Portpin, the vehicle of Hong Kong businessman and former owner Balram Chainrai.

"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," said Trevor Birch of PKF, who is the club's joint administrator.

Portpin are owed £17 million by the club, secured against the stadium. The PST is believed to have offered around £2.75 million for the ground.

If the deal goes through, it will be an interesting experiment in fan ownership of a well-supported English club.

Supporters' groups across Britain have been pushing for greater involvement in the running of clubs but few have managed to raise the money to match their ambitions.

"We hope to finalise the sale by Christmas and go into 2013 with a fresh start for our great club," said PST Chairman Ashley Brown.

"We thank everyone for their support so far and look forward to many more Pompey fans joining us and being part of history as we create the biggest community-owned club in this country," added Brown.

Some 2 000 Portsmouth fans had pledged two million pounds to help fund the takeover, PST spokesman Colin Farmery said, adding that the Trust would now start to collect the funds and look to other fans to back the deal.

Portpin said it was still interested in buying the club should the PST bid fail for any reason.

"We still believe our bid remains the best offer for the future of Portsmouth Football Club," Portpin said in a statement. "We remain ready to complete the deal in a matter of days, should the Trust be unsuccessful."

Portsmouth were in the Premier League as recently as 2010. They are now 18th in their 24-team division and have a 10-point penalty hanging over them for being in administration.

Shop

Gerrard: My Autobiography
Steven Gerrard is a hero to millions, not only as the inspirational captain of Liverpool FC, but as a key member of the England team.
R152.00
Rafa: My Story
Revelatory memoir from the greatest sportsman in the world today.
R182.00
FIFA 14
Xbox 360
R549.00
Mitre Ultimatch Soccer Ball - White
A high quality football, offering high performance at both training and during football matches.
R252.00


Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Live Video Streaming

FA Cup Bloopers And Blunders - Show
Athletics - Day 3 - Session 1
Shooting - Clay - Trap Men's Final
Cycling - Mountain Bike: Men's Cross Country

Sports Talk



Dr Errol Sweeney
World Cup refs return home ‘bruised’
The World Cup is over for another four years and already the post mortem has started into some...

Sunday Oliseh
What Germany did to become champs
The 2002 Japan and South Korea World Cup saw the Germans lose in the Finals to Brazil, thanks to...

Collins Okinyo
Amrouche is his own worst enemy
Thunder has struck twice with news of Harambee Stars coach Adel Amrouche being slapped with a...

Claudia Ekai
Save our Stars
First and foremost, it is not all over for Harambee Stars in the 2015 Africa Cup of Nations...

Carol Radull
The Harambee Stars' secrets
A week ago Kenya’s Harambee Stars hosted Burundi in our first international friendly this year. I...

Emeka Enyadike
Joachim Loew: German lessons for Africa
How do you win the World Cup? How do you prepare a team for the greatest show on earth? How do you...