Pompey ownership deal reaches the Football League

Vladimir Antonov
Vladimir Antonov
Share this article
Josh Yorwerth in action for Crawley. Picture: Steve Robards

Pompey target is ‘too good for League Two’

Have your say

A DEAL to buy Pompey could be signed, sealed and delivered by the end of the month.

It is understood that Roman Dubov, Vladimir Antonov and Chris Akers, who are behind the Convers Sports Initiatives bid to buy the Blues, have undertaken the Football League’s Fit and Proper Persons test.

It is the first time since Pompey went into administration that a group interested in buying the club has gone this far down the line.

A spokesman for the Football League, which finds out whether any new owner has the business wherewithal to take a football club on, said: ‘We have had some information submitted relating to the ownership of Portsmouth, and we can confirm that the process to buy the club is ongoing.’

The Football League only deals with buyers’ paperwork during the Fit and Proper Persons Test, or when a deal is being finalised.

Current owner Balram Chainrai has made no secret of the fact he wants to sell the club since he took it over in February last year.

The News revealed last week that Convers had undertaken due diligence, the process by which any new owner scrutinises the club’s accounts to ensure they know what they are paying for.

Getting through the Fit and Proper Persons test is seen as the first hurdle for any serious buyer.

The club will now wait for Convers to give proof that it has the funds available to buy and run the club, and ensure it can continue to operate on a secure and stable footing.

Then a deal will be struck which meets the approval of current owners Balram Chainrai, Levi Kushnir and Deepak Chainrai and the Football League.

Pompey chief executive David Lampitt said he and the club would not comment on any latest developments to do with a change of ownership until the deal was done.

He told The News: ‘There have been a number of interested parties throughout the process and for us it is business as usual.

‘We are absolutely trying to find the right investors for the club.

‘That process has been ongoing and still is ongoing and until there is something concrete to report on we won’t we making any official comment.

‘Until there is something meaningful to report I just don’t think it helps the club or any interested parties to fuel speculation.’