Previous
VfB Stuttgart
Hertha Berlin
0
0
FT
Game Details
Toulouse
Marseille
1
6
FT
Game Details
Levante
Eibar
2
1
FT
Game Details
Braga
FC Porto
0
0
LIVE 61'
Game Details
Queretaro
Guadalajara
1:30 AM GMT Mar 7, 2015
Game Details
Los Angeles Galaxy
Chicago Fire
3:00 AM GMT Mar 7, 2015
Game Details
Next

Barca dealing with Copa drama

Barcelona
Read
By ESPN Staff

Portsmouth confirm rejection of Vega bid

Portsmouth have revealed they rejected a buy-out approach from former Tottenham Hotspur defender Ramon Vega because of fears it could impact on the club's long-term future.

Vega made a move for the Premier League club earlier this month but Portsmouth claim he failed to prove he could fund the takeover.

The 37-year-old former Switzerland international has moved into property management since retiring in 2003.

In a statement, Portsmouth said: ''As Mr Vega was consistently unable to demonstrate an ability to secure financing for his proposal - as had previously been agreed between both parties and which is fundamental to the long-term prospects of the club - the board, which includes the owner, decided to reject the proposal unless Mr Vega could satisfy them that the club's future would not be compromised.

''This was not forthcoming.''

Portsmouth, whose owner Alexandre Gaydamak has confirmed he is looking to sell the club, also today stressed their financial position is under control.

Like many Premier League clubs they are carrying debt, but the club insist they have no pressing financial worries.

Their statement added: ''The club wishes to re-confirm that it enjoys excellent relations with all its banking partners.

''All financial commitments are fully serviced by the club and there is no truth to suggest that any facilities will be withdrawn.''

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.