Portsmouth supporters make takeover bid

The Pompey Supporters Trust has submitted a rival offer to take control of financially-troubled Portsmouth to administrator Trevor Birch, reports BBC Sport

Former owner Balram Chainrai is also looking to buy the League One club as part of a Company Voluntary Agreement.

Pompey are currently £58m in debt after previous owners Convers Sports Initiatives went into administration.

Supporters have been pledging a minimum of £1000 to help support the bid while the Trust recently revealed they had attracted five 'high net worth' individuals who had offered over £1m.

Portsmouth City Council leader Gerald Vernon Jackson said he welcomed the news of a second bid, although confirmed it was not done in conjunction with the local authority.

"I'm glad a deal has been done even though we won't be able to help the PST because of the discrepancy over the valuation of the ground," Jackson told BBC South.

 
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