PST confident despite 'ambiguity'
The Pompey Supporters Trust remain confident they will complete their rescue of Portsmouth despite today's latest twist in the ongoing saga of the stricken club.
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Following a brief High Court hearing this morning, Portsmouth's administrators PKF revealed there was "some ambiguity" over the Football League's stance that it will only consider the PST's takeover bid, following a recent rival offer from football financier Keith Harris.
That uncertainty stemmed from correspondence between the League and former Portsmouth owner Balram Chainrai's company Portpin, who control the club's Fratton Park ground.
But League officials later insisted their position had not changed.
"The board of the Football League is not considering alternative applications for the transfer of Portsmouth's share in the Football League," said a spokesman.
"Instead, it remains focused on a successful transfer of share to the preferred bidder, the Pompey Supporters Trust."
The PST's bid to buy Portsmouth, who have been in administration for just over a year, hinges on PKF gaining permission from the court to sell them Fratton Park.
Portsmouth will be thrown out of the league if they are still in administration by the start of next season, and this morning the High Court deemed the case must be heard by April 19 at the latest with a date expected to be confirmed in the next few days.
Ashley Brown, chairman of the PST, said: "We are pleased our bid is proceeding. As presented in court today our bid is fully funded and ready to go and we hope a date can be found in the near future to resolve this matter so the Trust can start the job of rebuilding the club.
"The Football League has also cleared up any confusion by making it clear for a third time that it will only consider a bid from the PST.
"Our bid has widespread support, including from Portsmouth City Council, our property partner Stuart Robinson, local and national politicians, Supporters Direct and, most importantly, thousands of loyal Pompey fans who have backed the club financially when it needed it most.
"They have done this by either buying shares, attending matches or, most importantly in the case of our high net-worth investors, by underwriting the club's losses in the autumn. Without them the club may have already disappeared."
Portsmouth, who won the FA Cup in 2008, are currently 10 points from safety at the bottom of League One and will be deducted a further 10 points if and when they exit administration.