Fans’ bid ready as deadline for Pompey arrives

MESSAGE Pompey's administrator Trevor Birch
MESSAGE Pompey's administrator Trevor Birch

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FANS working to save Pompey from the brink have told administrator Trevor Birch – We’re ready to take over.

The Pompey Supporters’ Trust says it is ready to put its final offer for the club submitted by late afternoon – the deadline set by Mr Birch for interested parties to have deals in place.

Former owner Balram Chainrai’s company Portpin has also lodged its bid to buy the club.

From today, Mr Birch will have to decide which bid is the most credible to take Pompey forward and for the creditors still owed cash following administration.

Only the trust and Portpin appear to be the frontrunners to take over.

A group of Middle East investors emerged earlier this week with a bid but administrators PKF were last night still waiting for further clarification over £12.5m funding in an overseas account.

Former Watford owner Laurence Bassini also registered interest in Pompey last month.

Colin Farmery, spokesman for the trust, said the group is confident its bid is on track to meet the deadline.

He said: ‘We are very much ready.

‘We believe the bid we have on the table is one which will serve the best interests of Portsmouth Football Club.

‘We are hopeful that we can come out of this with the opportunity to promote Pompey as Britain’s biggest community club.

‘The bid team of individual investors has been working hard with this for many weeks and months.

‘We were aware a fortnight ago that Trevor Birch wanted our deal to be ready by Friday and ready it will be. We are good to go.’

Mr Farmery said the trust’s main priority is turning fans’ pledges into cash – if Mr Birch gives their offer the green light.

He added: ‘There will be an opportunity for fans who have been waiting and watching for them to get involved with the project.

‘Our view is that our bid is in the best interests of all creditors, and that includes Portpin.

‘If Trevor Birch considers our bid to be the preferred option it’s in Portpin’s interests to work with us to ensure that it works.’

The trust is offering £2.65m to buy Fratton Park, and will need Mr Chainrai, who has a charge of around £18m over it, to reach a compromise over its value.

The trust confirmed on its Twitter account this morning that it is expected to have its bid lodged with Mr Birch by late afternoon today.

PKF says it is expected to provide an update announcement later today.