By Steven Fisher
Portsmouth football club today revealed that they have reduced losses by £6.79M for the year ending 2007/08 - from £23.45M to £16.66M.
The club anticipates a further substantial reduction for 2008/09 and is on course to break by the time Fratton Park is redeveloped 30,000 fans by the season 20011/12.
The first phase of the redevelopment will see Fratton Park capacity to increase by 5,000 to around 25,000 by the start of the 2010/11 season.
That is part of the official statement on the clubs website, now all that matters is for them to stay in The Premiership and hopefully find a buyer as well, because by the look of things, the chairman wants out and the fans want someone who wants the club to succeed and not someone who wants to line his pockets by making a quick buck.
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