Pompey Supporters Trust bid for club ‘ongoing’

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The Pompey Supporters Trust, which is one of two bidders to buy Portsmouth Football Club, says it welcomes the news the club could be sold along with prime development land.

As The News exclusively revealed on Wednesday, former club owner Sacha Gaydamak, who still owns land dotted around the Pompey stadium, is having to sell it after he put his company into administration.

The combination of stadium and land could mean a brighter future for the club, with a potential for the whole area to be redeveloped to include restaurants, accommodation and shops.

In a statement, the Pompey Supporters Trust said: ‘We would also like to assure Pompey fans that we are also keeping an eye on the Miland Development 2004 Ltd situation and the land around Fratton Park that was in the possession of Mr Gaydamak.

‘As you would expect the PST have been involved in discussions with various parties over the last 10 months and also recognise the importance of re-uniting the land with Fratton Park to provide the re-development of the Park that the club has needed for decades.

‘Past regimes have come and gone, proposing to build stadiums away from the Fratton area, but the PST believe that Fratton Park should be the home of Portsmouth Football Club for decades to come and we will continue to work towards that aim.’

The PST said its bid was ‘ongoing’, and was locked in talks with Pompey administrator Trevor Birch.

It said it could not go into details of its bid, due to its commercially sensitive nature, but repeated the need for the club’s wage bill to be slashed.

The PST said: ‘We are not encouraged by the current situation - a number of the squad are on unsustainable wages, and they need to move on quickly.

‘If they do not move on quickly, then we will be unable to submit a viable bid for Portsmouth Football Club.’