Pompey pledge to pay 2012 small creditors every penny

The directors box at Fratton Park during the match against Cesterfield on August 31, 2013

The directors box at Fratton Park during the match against Cesterfield on August 31, 2013

Jez Bedford scored for Pompey Academy. Picture: Ian Hargreaves

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THE new owners of Portsmouth Football Club have said they will pay creditors from the 2012 administration, who are owed £2,500 or less, every penny of their debt.

It is the second time such a promise has been made. The first was by ex-owner Balram Chainrai, through Pompey’s 2010 administrator Andrew Andronikou, but the money has never materialised.

The new-look Pompey board, made up of businessmen based in and around the city, said the offer was made after consulting with the club’s part-owners, the fans-owned Pompey Supporters’ Trust, which saw it as a way to regain the respect of Pompey supporters.

Blues chairman Iain McInnes said: ‘The club’s decision to pay in full creditors, including charities, with claims of under £2,500 from the 2012 administration was taken because it was important to show our community that from now on we are a business which can be trusted.

‘We were not obliged to do this under the terms of the CVA negotiated by (administrators) BDO and the payments are a significant gesture of goodwill to demonstrate things have changed for the better at Fratton Park.’

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