Pompey Supporters' Trust puts forward bid for club
Fans have pledged £3 million to help rescue the troubled club.
Portsmouth Supporters Trust have want to create a community based football club with a small executive board.
The PST have received pledges of £3 million from fans to buy the troubled club.
They're looking to gain a 12 month loan from the city council too.
They want to buy the ground from Balram Chanrai for £2.75 million in exchange for writing off his debt.
Local businessman and lifelong Pompey fan, Iain McInnes (on the extreme right in the photo), is 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, said: "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!”
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