Pompey trying to push through sale

  • Last Updated: August 10 2012, 14:19 BST

Portsmouth have avoided the threat of liquidation and their administrators are now trying to push through the sale of the club.

Lawrence: Compromise negotiated over Pompey exit

Trevor Birch of administrators PKF had said all the club's senior players had to be off the payroll by Friday or he would have no option but to close Pompey down.

But Friday morning's announcement that midfielder Liam Lawrence had come to an agreement to leave Fratton Park, 24 hours after defender Tal Ben Haim did the same, means the club is safe.

However, there is still plenty of uncertainty with manager Michael Appleton currently working with a squad made up of trialists and youngsters and as yet unable to recruit players - while their first competitive match of the season is against Plymouth in the Capital One Cup on Tuesday.

Players such as Jon Harley, Brian Howard and Izale McLeod, who have been training with Pompey, are all understood to be keen to join.

Former owner Balram Chainrai's company Portpin are in pole position to take over at Fratton Park although fans' group the Pompey Supporters' Trust are also in the running after securing a £1.45million loan from the local council.

Birch said: "We have now successfully completed agreements with all of the first-team squad and met the major condition of the offer from Portpin, which formed the basis for the CVA proposal.

"We will now aim to finalise our discussions with Portpin with a view to completing the sale of the club as soon as possible.

"The intention is to push this through early next week in order to ensure that player recruitment can begin as quickly as possible for the start of the new season.

"The offer from the Pompey Supporters' Trust remains a fall-back position and we are pleased to note that the council has agreed to provide a loan facility to support the Trust bid."

Portsmouth timeline:

May 2008: Portsmouth win FA Cup for first time in 69 years after 1-0 victory over Cardiff.

October 2008: Manager Harry Redknapp leaves club, for second time, to join Tottenham. Assistant Tony Adams takes over.

February 2009: Adams sacked after two Premier League wins in 16 matches. Paul Hart takes over and steers club away from relegation.

May 2009: Sulaiman Al Fahim buys club from owner Alexandre Gaydamak.

October 2009: Ali Al Faraj becomes new owner after buying 90% of Al Fahim's shares. Avram Grant appointed director of football. Hit with transfer embargo over debts owed to other clubs. Receive loan of around £17million from Portpin, a company which is owned by Balram Chainrai.

November 2009: Hart sacked after poor start to season. Grant takes over.

December 2009: Club late paying players' wages for third time since season began. Her Majesty's Revenue and Customs issue winding-up petition against club.

February 2010: Chainrai becomes fourth different owner in less than a year, buying Al Faraj's stake. Club go into administration three weeks later.

March 2010: Deducted nine points for going into administration.

April 2010: Relegated from Premier League.

May 2010: Beaten 1-0 by Chelsea in FA Cup final. Grant resigns after season finishes.

June 2010: Steve Cotterill becomes new manager.

August 2010: HMRC lose appeal against Company Voluntary Agreement in High Court, meaning Portsmouth can start Championship season.

October 2010: Football League agree Portsmouth's exit from administration. Chainrai becomes chairman.

June 2011: Portsmouth bought by Convers Sports Initiatives, controlled by London-based Russian businessman Vladimir Antonov.

October 2011: Cotterill leaves to join Nottingham Forest.

November 2011: Michael Appleton takes over as manager. Two weeks later arrest warrant is issued in Lithuania for Antonov for alleged forgery. CSI go into administration following Antonov's arrest.

January 2012: HMRC issue another winding-up petition over unpaid tax bill.

February 2012: Portsmouth apply to go into administration for the second time in two years. Deducted 10 points.

May 2012: Club complete Championship season but are relegated to League One.

June 2012: Chainrai, who is still owed money by Portsmouth, offers to buy back club. Fans' group the Portsmouth Supporters' Trust also want to take over.

July 2012: Club told they must start next season on minus 10 points, as well being hit by a number of financial restrictions. Administrator Trevor Birch sets deadline of August 10 to reach an agreement over wages of senior players or club will go out of business.

August 3 2012: Dave Kitson, one of three remaining senior players on club's books, agrees to terminate contract.

August 9 2012: Tal Ben Haim reaches compromise agreement and leaves.

August 10 2012: Administrator Birch confirms a compromise agreement has been reached with the only remaining senior player Liam Lawrence, paving the way for a sale of the club to Portpin.