1. ITV Report

Fan ownership draws closer to reality at Pompey

Supporters at Fratton Park Photo:

The long saga at Portsmouth Football Club has today taken a turn in favour of fan ownership. Eager to end years of financial troubles, the Pompey Supporters' Trust is now named as the preferred bidder. Earlier today administrator Trevor Birch made the announcement which could create an historic victory for supporters.

“After extensive discussions over the past few weeks, we have today nominated Portsmouth Supporters Trust as the preferred bidder for Portsmouth Football Club. We will be working with the Trust, the Football League and the Professional Footballers Association to conclude the sale of the Club as soon as possible.”

– Trevor Birch, PKF and joint administrator of Portsmouth FC

Although according to the only other party involved in this bidding process - the game is far from over. A spokesperson for Portpin, the company belonging to former owner Balram Chainrai, responded to say they are still in the running.

“We continue to work with the Football League to ensure we are ready to complete the acquisition of Portsmouth Football Club. Our discussions remain productive and we have been given no reason to believe that there are any remaining obstacles to our bid.

"Whilst we note PKF’s decision, we recognise that preferred bidder status has no basis in law. And we are confident that our bid offers both the best deal for creditors and is the only fully funded offer to provide Portsmouth FC with a financially sound and sustainable future.”

– Portpin spokesperson

And so this long-running battle to own the League One club may not be over yet - but it certainly looks like we've entered extra time.