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HomeBreadcrumbCalendarsBreadcrumbJusticeBreadcrumbCourt Cases

Hearing over Portsmouth FC stadium held

Thursday 14 February 2013
London, United Kingdom

Published: 14 Dec 2012 | By Mohammed Sheriff and 4 others | Last updated: 7 Feb 2013
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Hearing over Portsmouth FC stadium held -
Fratton Park
flickr-bhhardinge
A court hearing into the sale of Portsmouth Football Club's stadium, Fratton Park, takes place after being postponed in December and January.


The ground is controlled by the club's former owner Balram Chairtai's Portpin company, the largest creditor in the administration process. 


Portsmouth FC, which has debts exceeding £60 million, owes Portpin around £20 million, with the company also holding Fratton Park as security.


Another party, P & A, has claimed that Portpin wanted it to control the club's finances until a buyer was found, rather than PKF. 


The court hearing will determine whether administrators PKF can sell the ground at the market rate. Previous offers of £2.75 million by the trust have been turned down.

Source
Portsmouth: High Court hearing adjourned for third time www.bbc.co.uk, 30/01/2013
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Created by Mohammed Sheriff
on Fri 14 Dec 2012
Modified by Eva HSLast modified by Eva HS
on Thu 7 Feb 2013
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Location: London, United Kingdom
Date: Thursday 14 February 2013
Duration: 1 day
Planning: confirmed
Ended: 97 days ago

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