Menu
Franchises

Portsmouth Takeover Struggles Continue As Football League Threatens Expulsion

The future of League One side Portsmouth FC "took two more twists as supporters became locked in a power struggle with a football deal-maker," according to Rick Broadbent of the LONDON TIMES. With the club approaching a year in administration, "a new bid was slapped on the table" by former Football League Chair Keith Harris. By close of play, the Football League had flexed its muscle and refused to ratify it on the basis that it would create "further uncertainty." That paves the way for the Pompey Supporters Trust "to take control, with all hingeing on the High Court hearing on Thursday to determine the value of Fratton Park." The PST, the administrator’s preferred bidder, "has been at odds" with former Owner Balram Chainrai over the sale of Fratton Park, his fixed security. However, Harris "had agreed a deal with Chainrai," who is seeking a return on £17M ($26.7M) in loans. That "sounded attractive to PKF, not least because Harris said that they would be paying in cash and the deal could be done without a court appearance." But the Football League then "waded in with a lifeline for the PST and a warning to boot." It said: "The League has informed the administrator that it will not consider transferring the club’s share in the Football League to a new bidder. This means that in the event that the PST bid does not succeed and Portsmouth do not exit administration before the end of the season, the club will lose its membership of the Football League." If the judge agrees that it has undervalued Portsmouth, "it will throw the future of the club into doubt" (LONDON TIMES, 2/8).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/02/11/Franchises/Portsmouth.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/02/11/Franchises/Portsmouth.aspx

CLOSE