POMPEY’S proposed new chairman Iain McInnes yesterday defiantly declared: We’re all set to take control of Fratton Park.
Members of the Pompey Supporters’ Trust gathered at Fratton Park yesterday for a press conference confirming they’ve signed exclusivity documents with administrators PKF – paving the way for a successful fans’ takeover.
But one major hurdle still remains and that’s an impending court battle with Balram Chainrai’s firm Portpin over the valuation of the ground.
Mr McInnes admitted there is still a possibility Pompey could be liquidated if the trust lose the case, but remained confident of victory.
The trust value the ground at £2.75m but The News understands Portpin want around £11m for it.
Mr McInnes said he felt ‘elated’ at how far the trust has come, but said there was still a lot of work to be done.
‘I haven’t seen the Portpin valuation so I can’t comment but our evaluations have been done by local people with local knowledge and at the end of the day we are prepared to back that judgement in court,’ he said.
‘I have to accept their opinion and it makes sense to me.
‘I am excited for the fans and I am excited that, to a certain extent, it has taken a fair percentage of doubt away.
‘We’ve got here, we’re going to move from here, we’re going to win the bid – that’s the most important thing.’
In the press conference, Mr McInnes confirmed a sales agreement for the land surrounding Fratton Park, which was owned by administration-stricken Miland Developments 2004 Ltd, has been reached between administrators David Rubin and Partners and property developer Stuart Robinson.
Mr Robinson is one of the trust’s backers, dubbed a ‘high net worth individual’, and will buy the land and the ground in a package deal, Mr McInnes confirmed.
The trust’s share prospectus will also be issued to fans on Monday, it was confirmed.
Ashley Brown, chairman of the trust, said: ‘Right now if we don’t take over this football club the club will probably disappear.
‘We’ve all been fans for a long time and there will be an immense sense of pride bringing the club back to the community.’
Trust achievement highlights ‘Power to the People’
POMPEY fans wore t-shirts bearing the slogan ‘Power to the People’ as the trust signalled their intent to reclaim the club.
Passionate supporters Bob Beech and Mike Hall were among those wearing the t-shirts at yesterday’s press conference.
Mr Beech, of SOS Pompey said: ‘It’s a momentous day.
‘We are going to come together as one and take this club forward to where it should be.
‘I’ve been in this stadium on some great occasions and this one tops the lot. We have a fit and proper board with people who really care about this club.’