Supporters’ trust’s community share scheme edges towards million mark

PLEASED PST chairman Ashley Brown

PLEASED PST chairman Ashley Brown

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POMPEY fans have pledged almost £1m to a scheme which hopes to secure the survival of the club.

Scores of wealthy supporters and local businesses have helped to boost the Pompey Supporters’ Trust’s community share scheme.

Supporters have been asked to pledge a deposit of £100 into an escrow account – a separate account held by an independent third party – held by Portsmouth law firm Verisona. If enough fans pledge £100 they will have the chance to buy a full share for £1,000.

The scheme was launched by the trust two weeks ago.

Trust chairman Ashley Brown said: ‘The PST board has been overwhelmed with the deposits and pledges already received.

‘Forms have arrived from around the world, many with pledges way in excess of the standard £1,000, with a significant number into five figures.

‘I truly believe that we have an opportunity to do something quite special, not just for PFC but to actually be pioneers in the way football clubs should be run. The game is not sustainable in its present form, it is likely that many more administrations will follow over the next few years. With each one there will be a sense of realisation that football clubs cannot continue to live beyond their means.’

The trust is considering setting up a fund where people can donate smaller sums of money once the club comes under its control.

Scott Mclachlan, spokesman for The Pompey Supporters’ Trust, said: ‘We want every Pompey fan – young or old, rich or poor – to be able to play a part in saving their club. Examples of the finance packages will hopefully be released next week.’

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