Supporters' Trust keen to salvage Portsmouth
Wednesday 15 August 2012
Pompey Supporters' Trust - Portsmouth's sole hope for survival - have reacted to the news of Portpin's withdrawal to buy the financially-stricken club by declaring "this is the moment we have been waiting for".
Balram Chainrai's company Portpin this morning announced they had pulled the plug on their bid for the troubled npower League One club.
Chainrai listed a number of reasons behind his decision, most notably a lack of support and co-operation from administrator PKF and other involved parties, but went on to state "we welcome and will assist anyone, including the Supporters' Trust, to try and save the club in the coming days".
Portsmouth administrator Trevor Birch has since stated he is keen to set up a meeting with the Pompey Supporters' Trust - the only remaining route to avoid liquidation - and Portpin to help try and save the cash-strapped club's future.
The Trust are ready to step up in the hour of need and now need to come up with the necessary funds to turn the south-coast outfit into a community-owned club.
"This is the moment we have been waiting for," spokesperson Colin Farmery told http://www.pompeytrust.com.
"Fans need to be ready to come up with the money they have pledged. It is a pivotal moment in the club's history.
"We welcome the fact Portpin have stated they want to want to help save the club. It is in no-one's interests Pompey are liquidated.
"I am certain Pompey fans, the city of Portsmouth and the wider football family will be able to do what is needed to make Pompey the biggest community club of its type in the UK."
The Trust insist fans have already pledged almost £2million and a combination of associate directors and individual investors another £1m.
Portsmouth City Council last Thursday agreed a £1.45m temporary bridging loan to the Trust, in the event of a 'commercial' solution not emerging.
News of Chainrai's withdrawal broke this morning, leading to immediate questions over the future of Portsmouth.
But Birch was quick to issue a response and the Trust seem ready and willing to answer the call, although whether they are able remains to be seen.
Birch said: "We note Portpin's statement that it has withdrawn its bid for Portsmouth Football Club.
"In reviewing the options available to the club, we also note Portpin's offer to support any efforts to save Portsmouth in the forthcoming days.
"We are therefore urgently seeking a meeting with Portpin and the Pompey Supporters' Trust to determine if the Trust's bid can be brought to a successful conclusion.
"We are working behind the scenes with Michael Appleton (manager) to enable the club to field as strong a team as possible for its first league match on Saturday."
Appleton was last night forced to field nine teenagers in his starting XI as Portsmouth crashed out of the Capital One Cup with a 3-0 first-round defeat at Plymouth.
Actors star in Woody Allen's 'Magic in the Moonlight'
It scooped up an unprecedented 11 Academy Awards when it was first remade in 1959
Olympic diver has made his modelling debut for Adidas
...and the perfect time to visit them
Newcastle winger reveals he has testicular cancer - and is losing his trademark long hair as a result
Latest in Sport
Manchester United official team photo: Antonio Valencia and Anderson pull the funniest faces
Borussia Dortmund vs Arsenal: Five things we learnt, including Danny Welbeck must be more clinical and Hector Bellerin debut
Borussia Dortmund vs Arsenal player ratings: How did Ozil and Welbeck do in Germany?
Colombian women's cycling team kit that makes wearer appear naked is branded 'unacceptable' by UCI president
Liverpool 2 Ludogorets 1 player ratings
- 1 iPhone 6 review: bigger, thinner, faster, brighter - Apple proves you can make the best better
- 2 Sports Direct security guard allegedly banned Jewish schoolboys and told them: 'No Jews, no Jews'
- 3 Watch a man race the Circle line - and win
- 4 Pakistani passenger power forces two politicians off plane
- 5 Kanye West halts concert after two fans don't stand up - doesn't realise one is in wheelchair and the other disabled
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
Portuguese academic says British are 'filthy, violent and drunk'