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.’