POMPEY’S former owner Sacha Gaydamak has been given 18 months to pay £330,000 to Gosport Borough Council after it won a court action against his company.
The council has now released details of the agreement it signed with Miland Development 2004 following a secret court hearing in Portsmouth last week.
The money comes from a deal made in 2008 over Pompey’s plans to build a multi-million pound training ground at Cherque Farm, Lee-on-the-Solent.
Mr Gaydamak’s company must now pay the council £330,000 in the next 18 months.
It must also pay the council’s £10,399 legal bill and £13,937 in interest.
Residents are calling on the council to put the money back into developing the Alver Valley.
Leader of the council, Cllr Mark Hook, said: ‘We didn’t leave the court until we actually had a signed affidavit from Gaydamak.
‘It was signed and sent over to the court.
‘They have to pay the whole amount within 18 months.
‘Mr Gaydamak has given a personal assurance that he will pay the money if Miland Development 2004 is unable to.
‘The money will go back into the council coffers for use for leisure facilities because that’s what it was there for but we have no plans at this stage.’
Three years ago the council gave the green light for Pompey to build a new training ground at Lee-on-the-Solent.
But the deal meant the council had to pay back £330,000 in cash to Cherque Farm builders, Persimmon Homes.
The housing developer had given the cash as part of a legal agreement to pay for new leisure facilities in the area.
An indemnity agreement was then signed with Miland Development 2004 to make sure the money could be recovered.
And with the training ground proposals abandoned, the council was forced to take legal action earlier this year.
Richard Mackay, chairman of the Lee-on-the-Solent Residents’ Association, wants to see the money put back into developing the Alver Valley.
He said: ‘The council’s success at court is good news for the people of Gosport.
‘We now hope to see the money spent on improving the Alver Valley community.
‘There are some genuine improvements needed for the Alver Valley.
‘The main thing we need is sports facilities there, like football or cricket pitches.
‘We need more things for young people to do in the area. There is now a fund to do something with.’
Meanwhile, Portsmouth Football Club has temporarily abandoned its search for a new training ground.
The club says its players will stay at the Wellington Sports Club in Eastleigh but insists they still have a long-term goal of having new facilities.