21 Nov 2008Storrie defends stadium move

Football Technology and Stadia

Portsmouth chairman Peter Storrie explained on Wednesday (November 19th) that the club's alterations to its plans for a new stadium will not put the whole project at risk.

The club are looking to develop their new ground at the Horsea Island business site, with rumours circulating that the move is largely designed to lure possible takeover bids from investors.

Now Storrie has come out to address suggestions that the project has reached a stumbling block after it emerged that Pompey will be adding a retail element to their proposals.

He said: "Clearly with residential prices dropping, we can't sustain the income of the stadium just on that.

"The new plans have a mixture of retail and residential. The timeframe and the ambition are exactly the same."

Storrie also added that while the credit crunch has undoubtedly played its part, the overall plans are set to be "very exciting" for the Port Solent region.

According to reports, the club were forced to add the retail element in order to fund costs of £100 million.

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