Fresh bidder for Portsmouth
A consortium featuring former Football League chairman Keith
Harris has submitted an offer to buy Portsmouth.
Administrators PFK confirmed the new development a week before a
High Court hearing due to determine whether the League One club can
be sold to the Portsmouth Supporters’ Trust.
The new consortium, comprising Harris, investment banker Pascal
Najadi and professional investor Alan Hitchins, says it is willing
to offer the PST “a stakeholding and participation” if its bid is
PFK partner Trevor Birch said: “We believe this offer is worthy
of consideration and could be completed without the need for a
“As officers of the court, the administrators are charged with
securing the best return for all creditors and therefore have to
consider the offer.
“We will need to discuss the terms of the deal with the PFA and
the Football League and also plan to consult the creditors’
committee as a matter of urgency. We will provide an update as soon
as we have further news.”
The PST had an offer provisionally accepted by PFK last year but
have been unable to agree a price with former owners Portpin for
the club’s Fratton Park home.
The PST hopes the High Court hearing – three times adjourned
already and now set for 14 February – will force Portpin to lower
their fixed asking price and pave the way for a takeover.
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