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

Sat, 19 Apr @ 05:00
Fri, 18 Apr @ 05:00
Sat, 19 Apr @ 07:50
Sat, 19 Apr @ 09:00

Sports Talk



Iwedi Ojinmah
For Nigeria the noise will come
One just has to look at a map of Africa and South America to understand the special relationship...

Neil Tovey
Climbing the pyramid of success
The fact that an Al Ahly official said the club “have started negotiations with Oupa Manyisa”...

Segun Odegbami
Nigeria to win the 2014 World Cup!
If you were a betting man, who would you put your money on to win the 2014 World Cup? Or better...

Carol Radull
Respect your coaches please
I’m a little sick in the pit of my stomach over how Kenyan Premier Clubs are treating their coaches.

Calvin Emeka Onwuka
Liverpool staying the course
In an incredible atmosphere at Anfield, Liverpool kept up their relentless pursuit of Liverpool’s...

Chima Emmanuel Aguma
Give David Moyes a chance, would you?
All season long the name David Moyes has been on the lips of every football spectator and...