Ford Ends Champions League Sponsorship League One Side Waits On Stadium Serie A Side Lazio Fans Boycott Match ManU Set To Announce $1B Nike Deal Carson Yeung Hit With 6-Year Sentence Green: Worth Double What Rangers Paid Documentary Looks At Concussions McLaren F1 Team Without Title Sponsor Liga MX Queretaro Under Investigation Univ. De Chile Extends Adidas Kit Deal
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/August 16, 2012/Franchises
Hong Kong Businessman Withdraws Bid For Portsmouth FC, Leaving Future In Doubt
Published August 16, 2012
LAST CHANCE: The London GUARDIAN reported that the club's "last chance of survival appears to be an alternative bid" by the fans group Pompey Supporters Trust. The trust, which has the backing of a £1.45M ($2.3M) loan from the council, reacted positively to the news of Chainrai's withdrawal, calling it potentially "the light at the end of the tunnel." A trust statement read: "We call on Mr. Chainrai to do the decent thing and accept the PST offer to purchase his charge on the club, and therefore walk away from Pompey, regaining some of the money he has lost, and leaving the club in the hands of the people who will truly cherish it and ensure that it continues as both a business and a legacy for the future" (GUARDIAN, 8/15).