Good News: Portpin Threaten Football League Over Pompey Deal

At first glance it seemed like bad news. Another spanner in the Pompey Trust bid for ownership of the club. Balram Chainrai’s Portpin are not happy at the Football League’s rejection of the Keith Harris bid for Pompey. On Friday 22 Februaury the BBC website reported: Portpin claims the Harris bid would mean it received £6.3m for the stadium, as opposed to the £3m currently being offered by the PST. It claims ruling out consideration of other offers “unlawfully limits the ability of the administrator to fulfil its role in securing the best terms for creditors”. And Portpin has warned that if alternative bids are not considered, the League “will leave itself exposed to legal action for damages from creditors which could amount to millions of pounds”. A spokesperson from Portpin added: “We have made clear that we are agnostic as to the source of the solution for Portsmouth Football Club and welcome whichever bid offers both the best deal for the creditors of the club and provides the highest degree of certainty for the supporters in bringing Portsmouth out of administration. “There are now at least two offers for the club, one from the Supporters Trust and one from a consortium which includes Keith Harris, and legally they must both be considered on their merit. “After more than a year of uncertainty, this process must be brought to a...

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