Trust completes club takeover

A banner in support of the Pompey Supporters trust takeover. Picture: Ian Hargreaves  (131047-5)
A banner in support of the Pompey Supporters trust takeover. Picture: Ian Hargreaves (131047-5)

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POMPEY Supporters Trust has confirmed tonight that it has completed its takeover of the football club.

The move means that Portsmouth Football Club will now leave administration, and the trust will be fully installed as owners in time for tomorrow’s home game.

The paperwork between the new buyers and administrators BDO was completed earlier this evening.

Although last week’s victory at the High Court meant that the trust effecitvely ran the club, the deal was not done until the paperwork was signed off.

Trevor Birch, joint administrator of Portsmouth Football Club (2010) Ltd and partner at BDO LLP, said: ‘We have cleared the final hurdle: all of the paperwork has now been signed and the sale concluded.

‘It has taken more than 14 months of hard work from all concerned to get here and there were many times over that period when I didn’t think we would make it; but we have, and Portsmouth Football Club can once again look forward to the future with optimism.

‘The PST has shown what can be achieved when fans unite together for the good of their community.

‘The club has been through considerable turmoil over the last few years, and I hope it can now enjoy a period of stability and the chance to build solid foundations for a sustainable future based on hard work and honest endeavour.’

Ashley Brown, chairman of the Pompey Supporters’ Trust, said: ‘What a momentous day! Once again Pompey fans have shown why they are some of the best in the land, we now have a club owned by people who truly love it, its fans. That’s how football is supposed to be.’

Iain McInnes, chairman of Portsmouth Community Football Club, said: ‘It has been a very difficult journey to get to this point but in the end we have achieved the right result.

‘Now is the time for Pompey fans to get behind the club and we are looking forward to celebrating becoming a community club at Fratton Park this Saturday afternoon.’