Pompey land may be sold as part of the football club

SALE Land including this car park, owned by Sacha Gaydamak, inset, could be sold as part of any deal for Pompey
SALE Land including this car park, owned by Sacha Gaydamak, inset, could be sold as part of any deal for Pompey
Peterborough United manager Grant McCann. Picture: Joe Dent/JMP

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LAND owned by former Pompey owner Sacha Gaydamak could be sold as part of the football club, The News can exclusively reveal.

Mr Gaydamak’s land, which surrounds Fratton Park, is being sold after he and the other directors put his firm Miland Development 2004 Ltd into administration.

OWNER Sacha Gaydamak

OWNER Sacha Gaydamak

The company owns land including the stadium car park, the former Pompey offices in Anson Road, and other areas dotted around the ground.

Administrator Glyn Middleton, of David Rubin and Partners, said he would be approaching Pompey’s administrator, Trevor Birch of PKF, to see whether a deal could be done to include the land in the sale of the football club.

If the land is added to the sale of Portsmouth Football Club, it could attract more bids for the club from potential owners eager to develop the area.

Mr Middleton said: ‘We’re in the process of instructing agents to assess the value of the land around the football club.

‘Our intention would be to have a meeting with the administrators of the football club to potentially combine any sale of the land with the sale of the club, if that’s what the club’s purchasers want to do.’

Mr Birch confirmed he had been approached about the issue, but said it was still very early on in the process.

He added: ‘We will be meeting with the administrator of Miland Development to discuss the situation.

‘A potential purchaser may benefit from owning all of the site.’

The Pompey car park alone was bought for £3.5m in 2005, and the offices in Anson Road are prime development land.

The sale together would open the way for long-mooted plans to redevelop Fratton Park and build shops and restaurants on the site.

But there is a fly in the ointment – the firm in charge of liquidating the old Pompey company, which went into administration in 2010, says Mr Gaydamak is not the legal owner of the land, and it should belong to Portsmouth Football Club.

Baker Tilly has begun proceedings against both Miland Developments and Sacha Gaydamak personally in order to seize the land and to sell it off in order to benefit Pompey’s creditors from 2010.

Geoff Carton-Kelly, who is handling the liquidation, confirmed the legal action was taking place but could not comment futher.

But Mike Dyer, of Portsmouth’s Verisona solicitors, said: ‘The land could still be sold with the permission of the liquidators, so a deal could be done.’

Mr Gaydamak was not available to comment yesterday.