PST can assure its supporters that its bid to buy Portsmouth Football Club is fully funded, ready to go and offers the best option for the creditors and for the long-term security of the club.
In addition PST can reveal it has increased its bid for Fratton Park earlier this week to make our package even more attractive.
Our bid has the backing of several thousand Pompey fans, who have supported us by pledging to buy community shares, either individually or in syndicates.
In addition our partner high net worth investors have kept the club alive by underwriting any trading losses of the club through the autumn.
We have also been finalising negotiations with our property partner over access and parking to the stadium, once we takeover.
We have the backing of our local MPs increasesnd Portsmouth City Council. At a national level, the Department of Culture Media and Sport has recognised the merit of our bid and we have also been supported in the House of Commons by a Government Minister.
Supporters Direct are also fully behind our attempt to once and for all draw a line under the past problems at the club.
We have been made aware of a rival bid, but at the moment there is precious little detail about it.
It is imperative that there is full disclosure about the funding and terms of any other bid for the club.
As a trust we have been transparent about how our bid has been funded and structured. Fans and the wider football family and our community stakeholders can be assured we have the best interests of Portsmouth FC at heart.
We look forward to taking our bid forward in the very near future.