Pompey Supporters’ Trust Announce New Bid

The Pompey Supporters’ Trust have submitted details of their proposed bid and details of new backers in their attempts to save Portsmouth Football Club.

Portsmouth were relegated from the Premier League in 2009/10 after financial difficulties, surviving two turbulent years in the Championship – but will now begin the 2012/13 season in League One after entering administration again.

The bid, which has been made available online at www.pompeytrust.com, outlines details of the financial structure of the club should the bid be successful. 

Facts regarding key personnel are included, as well as plans to keep Portsmouth FC in existence as a club being run by the fans, for the fans, bringing the club back to the community – according to the official press release.

Local businessman and Portsmouth FC fan, Iain McInnes – one of four significant investors – would become chairman of the club should a bid be successful. 

In order for this to happen, the PST has an investment strategy consisting of four key elements:

1.    Share Scheme – The opportunity for fans to purchase shares which has already been made public

2.    Associate Directors – Fans who are willing to pay five figure sums will become an Associate Director of Portsmouth FC

3.    Investors – A group of people, including Mr McInnes, are set to invest six figure sums into Portsmouth FC

4.    Stadium – Portsmouth City Council has been approached to loan a sum to enable PST to purchase Fratton Park

Proposed chairman of Portsmouth FC, Iain McInnes, said: ‘The community of Portsmouth needs this football club to survive. It’s as simple as that. 2012 is a year built on legacy and we need to act to ensure that this football club is secure for our children, grandchildren and generations to come. I am fully confident in what we are proposing and we are standing together in what we feel is the only viable option to save our beloved club.’

Colin Farmery, PST Spokesman, added: ‘The club is now in a situation or do or die. We have worked tirelessly over recent months and the bid is now public, therefore we are urging a final call for anyone who has yet to show their support to get behind us and save the club!’