Portsmouth takeover close say administrators

 

Pa
Wednesday 04 January 2012 11:30 GMT
Comments
(GETTY IMAGES)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Portsmouth are close to announcing new owners, according to administrator Andrew Andronikou.

Pompey owner Vladimir Antonov stepped down in November as the npower Championship club's parent company Convers Sport Initiatives entered administration.

But Andronikou, of UHY Hacker Young, has revealed a takeover deal is now close with a mystery consortium and told BBC Radio Solent: "We are in the final stages of agreeing terms with one particular party.

"I'm hoping that in the next seven to 10 days I will have some news for the outside world."

Andronikou added: "We've been actively looking for someone suitable to buy the club and we've had numerous interest as usual, some more suitable than others.

"They are coming in for the first time and we are checking their credentials to see if they fulfil all the criteria for the Football League.

"We are trying to scope out who they are and if they have the ambition and ability to take the club forward once and for all.

"We are looking to negotiate a contract and subject to that being okay we will put forward their application to the Football League who can conduct their own fit and proper person test and give us the thumbs up.

"Proof of funds has been done and we are fairly satisfied that they have the finances to take the club forward."

PA

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in