PKF must make Portpin decision, but it hasn't been made yet...
By Site reporter
Thursday 11 Oct 2012 21:17:00
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The Football League has confirmed administrator PKF must make a decision on whether Portpin will be a suitable owner of Portsmouth FC.

But a meeting of the Football League has yet to decide on the matter yet despite a meeting of the league Board on Thursday afternoon.

Portpin are currently in negotiations to take the club out of administration, but the pompey Supporters' Trust, a rival bidder for the club, has raised questions over Portpin's suitability.

The Trust wrote to the league in September arguing that Portpin put pompey into administration twice - directly in 2010 and indirectly in 2012 - which would mean they are ruled out of the running by the league's own rule book.

In addition, an article by freelance journalist Mike Hall published last week argues Portpin's claimed debenture over the assets of the club, valued at £17m, isn't valid.

Portpin have responded saying unspecified allegations in Hall's articles are 'unfounded, unsubstantiated and defamatory'.

However, the league don't feel it is their job to decide on Portpin's suitability.

'It is for the Administrator to select his preferred bidder for the club. The Administrator is aware that any such bidder must meet The Football League’s requirements including the terms of the Owners’ and Directors’ Test,' said a league spokesperson.

'Once the preferred bidder has been selected the matter will be considered formally by the League Board.'

The Football League board met on Thursday, but although the situation at Fratton Park was on the agenda, its is understood no decision was made or ratified about the owenership of the club.

Pompey have been in administration since February 2012. PKF were appointed administrators by the High Court.

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