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Mar 20, 2012

Birch: Portsmouth will be safe

Trevor Birch has revealed to ESPNsoccernet, on the eve of Portsmouth's match with Birmingham, that the stricken club will be saved and that they are now in position to announce that they can fulfil their fixtures for the rest of the season.

The club's administrator publicly expressed his fears the club was in such a bad financial state that they might not survive the season, but now he is far more optimistic and said there was no need to worry anymore.

"The Football League were holding onto some cash, but we have persuaded them to release it to club based on how we are dealing with the football creditors," Birch told ESPNsoccernet.

"The sum is around £200,000 a month, and together with moving a couple of players on loan we have eased the cash flow considerably.

"This is a special club, a great club and you have to experience the atmosphere with the crowd to appreciate it. This club is worth saving and I am talking to three or four prospective new buyers.

"Someone will take it on free of debt so its bargain basement, someone will come in to ensure it survives while we work on ensuring a reduction in trading costs for next years. Any concerns about the club's future are now over."

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