Portsmouth clear all debts

Portsmouth FC have now cleared all their debts following their exit from administration in April 2013.   The legacy debts amounted to £7m. The club is majority owned by the Portsmouth Supporters’ Trust with thirteen presidents holding the balance of the shares.

The presidents have contributed £500,000 for ground improvements.   A supermarket is to be built on adjacent land which means that the whole site will have a neater appearance.   A new training ground is scheduled to open later in the year.

Portsmouth FC have now cleared all their debts following their exit from administration in April 2013.   The legacy debts amounted to £7m. The club is majority owned by the Portsmouth Supporters’ Trust with thirteen presidents holding the balance of the shares.

The presidents have contributed £500,000 for ground improvements.   A supermarket is to be built on adjacent land which means that the whole site will have a neater appearance.   A new training ground is scheduled to open later in the year.