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Portsmouth statement

8 February 2013

Football League membership under threat

The statement from the Football League read: "

The Football League has issued a statement to say that if the Pompey Supporters' Trust fails in its bid to take control of the club, Portsmouth will lose its membership of the Football League.

Portsmouth visit Boundary Park in a fortnight for what could be the last time. At its meeting in London, the board of the Football League was appraised of the current situation regarding the administration of Portsmouth Football Club in light of media reports that the administrator, PKF, is considering a new offer for the club.

 

"The League had previously been informed by PKF that its preferred bid for the club was from the Pompey Supporters Trust (PST) and all parties have been focused on a successful transfer of share to that consortium.

 

"Given that the Football League’s Insolvency policy prohibits a club from beginning two consecutive seasons in administration, the board took the view that any change of preferred bidder at such a late stage would only create further uncertainty and was not in the wider interests of the League and its member clubs.

 

"Therefore, the League has informed the administrator that it will not currently consider transferring the club’s share in the Football League to a new bidder. This means that in the event that the PST bid does not succeed and Portsmouth do not exit administration before the end of the current playing season, the club will lose its membership of the Football League."


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