Verisona Solicitors and DLA Piper have advised Pompey Supporters' Trust (PST) and Portsmouth City Council respectively on the purchase of Portsmouth Football Club rescuing it from administration and creating the largest community owned football club in the country.
Portsmouth City Council and South Point Finance Limited have provided PST with the extra funds required in order for the purchase of Portsmouth Football Club to go ahead.
The purchase has completed after a settlement was agreed last week between administrators BDO and creditors Portpin allowing the club to be purchased by its fans in advance of the final game of the season.
The DLA Piper team comprised partner Amy Jacks, legal director Chris Parker and solicitor John Milliken.
Amy Jacks commented: "We are delighted to have advised Portsmouth City Council on its bid to help secure the future of the local football club. Portsmouth FC will now be the biggest fan-owned club in the country and the investment made by the Council secured an excellent outcome for Portsmouth and football fans generally."
Mike Dyer at Verisona Solicitors said: “Completion of this transaction represents the culmination of over a year of hard work by the bid team. All of us at Verisona are delighted to have been given the opportunity to successfully conclude one of the most complex takeover deals that football in this country has ever seen”.
