Rival bidder for Portsmouth Football Club, Portpin, has issued this statement:
“We still believe our bid remains the best offer for the future of Portsmouth Football Club. We remain ready to complete the deal in a matter of days, should the Trust be unsuccessful. That is our intention,
and despite ill-informed gossip to the contrary, the Football League have not rejected our application. The Trust’s bid is conditional on securing a deal to flip Fratton Park and sell it to property developers. The money raised from that sale is vital to fund their bid and yet the rental agreement
will ratchet up costs and put the Club under more pressure every year that goes by. We believe that keeping Fratton Park under the ownership of the Club–which our bid guarantees–is of paramount importance to the future of Portsmouth Football Club if it is to remain at the heart of the community.”
Portsmouth's prospective new chairman Iain McInnes hopes to be in charge in time for the January transfer window, following today's deal.
Portsmouth fans are celebrating this morning after an announcement that a sale to the Pompey Supporters Trust has been agreed.