Portsmouth administrator welcome fans buy-out proposal

Administrator Trevor Birch has welcomed the Portsmouth Supporters' Trust Share Scheme.

Administrator Trevor Birch has welcomed the Portsmouth Supporters' Trust Share Scheme.

The scheme, which will launch on Saturday, invites supporters to deposit a refundable minimum of £100 into a protected account.

If sufficient numbers respond, the PST will undertake due diligence and develop an offer to buy the club.

"It may well be viable but it depends on how many people get involved," Birch told BBC Radio Solent.

"There's a bit of work to do but in terms of principles and objectives it has to be applauded."

Trust chairman Ashley Brown said: "To enable us to negotiate effectively we need to understand whether our passion is shared by many others.

"If it is present, we will be in a position to make a formal and viable investment proposal to our members and supporters, and purchase Pompey as a going concern.

"As things stand, there do not appear to be many or any other options for Pompey - it may need to be our club or no club."

The PST scheme is supported by Portsmouth North MP Penny Mordaunt, who said: "I'd urge people to examine the offer - I wouldn't back this if I didn't have the confidence in what they are doing."

 
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