Trust brings in finance expert to aid takeover

Dion Donohue Picture: Jason Chadwick

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INSOLVENCY expert Antony Fanshawe is the man the Pompey Supporters’ Trust hope can help seal a fans’ takeover deal.

Mr Fanshawe, of Begbies Traynor, will use his 30 years’ experience as an insolvency practitioner to help the trust put together its bid and aid in its discussions with Pompey administrator Trevor Birch.

The trust says Mr Fanshawe’s role will include pulling together the strands to form a successful bid, including the continued stream of fans pledging towards its share scheme, and on-going discussions with ‘high net worth individuals’.

Talks with five potential investors – all lifelong Pompey fans – are continuing, according to the trust. In his first rallying call, Mr Fanshawe has appealed to fans and businesses in the city to get behind the trust’s bid.

The 57-year-old said: ‘I’m delighted to be involved with it and I am keen to be helping the trust to see what we can do. We are dealing with very political and difficult issues surrounding the whole situation. It’s not an easy situation but we will do the best we possibly can. I think it would be wonderful for the fans to own Pompey.

‘The events of the next few weeks will tell if that’s possible at the end of the day. We need as much financial support as we can get to make a serious bid and pressurise the administrator to deal with us seriously. Time is of the essence.’

Mr Fanshawe qualified as a chartered accountant with PricewaterhouseCoopers in 1980 and is the holder of a Masters of Business Administration from the University of Bath. He set up Fanshawe Lofts in 1990 – a corporate finance and recovery practice on the south coast, which merged with Begbies Traynor in 2008. Although he has never previously been involved with a football club, he says he cannot wait to get his ‘teeth into’ the task at hand.

Meanwhile CVA proposals put forward by Pompey’s former owner, Balram Chainrai could be revealed in the next couple of days.

Pompey exiting administration through this method would mean the club would avoid a points penalty next season.

To find out more about the Pompey Supporters’ Trust bid and sign up to the cause, visit communitypompey.co.uk