Portsmouth fans finally set to take over at Fratton Park
Wednesday 10 April 2013
The Pompey Supporters Trust are finally set to take over the club after they cleared a crucial hurdle when they were granted permission to take control of Fratton Park, following an agreement in the High Court.
The club's administrators, BDO, agreed a settlement with Portpin, a holding company run by former club owner Balram Chainrai, Levi Kushnir and Deepak Chainrai, which controlled Fratton Park.
Portpin had placed a value of £10 million on the stadium, while the Trust had bid £3m. Without a compromise agreement the fans' attempts to take over the club would be impossible and can now go ahead. Trust chairman Ashley Brown said: "This is a historic day for Portsmouth Football Club and for Pompey fans everywhere. At last, we can start to rebuild our club."
Latest in Sport
- 1 Planes go hybrid-electric in important step to greener flight
- 3 Antonio Martin shooting: Mayor says there should be 'no comparison' to Ferguson
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever