Trust tells shareholders not to worry over credit union firm

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SHAREHOLDERS in Pompey Supporters Trust are being told not to worry after a credit union went into administration.

The PST moved to reassure people yesterday after it said Enterprise The Business Credit Union Limited was now with administrators.

The trust put out a statement yesterday.

It said: ‘The PST board has been advised that Enterprise The Business Credit Union Limited has entered administration.

‘We understand that each supporter who purchased a share using this method will be contacted individually by the administrators Cork Gully.’

No response from Gork Cully was received after a request for comment from The News.

The PST did not disclose how many people bought shares through the credit union.

Trust member Tom Dearie said anyone who bought shares through the firm would still be a shareholder.

Mr Dearie said: ‘They’re still shareholders in PST because we got the money up front.

‘The money was forwarded to us early on.’

Mr Dearie added: ‘We’ve had the money so that’s why the statement is so short.

‘It’s purely so our members know we know about it.’

The trust won control of Pompey back in 2013 when it removed the last stumbling block to buy Fratton Park.

Back in 2012 the trust asked Pompey fans to make a £1,000 pledge to help fund the bid to buy the club.

In March this year the club 
celebrated after making an operating profit of £118,976 after exiting administration.