After raising £21,000 in nine months, Steve Pearse and Steve McLenaghan are making a tactical withdrawal.
The duo masterminded a syndicate which has united Pompey fans across message boards and social media in a bid to help the Pompey Supporters’ Trust.
At its height, it attracted contributions from Australia, New Zealand, Canada, South Africa, Spain, Japan, France and Switzerland.
Now, after collecting enough to buy 21 fan shares in the Blues, the pair have decided to bring the curtain down on their endeavours.
A resounding success for Pearse and McLenaghan, who started the scheme on Truebluearmy.com back in August with the aim of raising £1,000.
The result exceded even their expectations – but now the time has come to stop.
Pearse said: ‘We are finishing it now at £21,000.
‘It is just ridiculous how much money has been raised, it still amazes me.
‘What wonderful fans we’ve got.
‘One day it may open up again but we think we have squeezed as much money as we can out of people at the moment and don’t want to outstay our welcome.
‘I was speaking with Tom Dearie, who runs Pompey’s 12th Man, and it was pretty much decided we are trying to get the same people to contribute all the time. So we decided to knock it on the head.
‘We have had some brilliant publicity from it, which is fantastic, but everyone who has put in should feel proud of what they have done.
‘We have cajoled and pushed people and those who have put the money in are the real stars. It can only happen with a club like this.’
While it was McLenaghan’s idea to form a syndicate, it was Pearse who provided the PayPal account for fans to utilise.
They then publicised the syndicate via Truebluearmy, Pompey online.com, the Fratton Faithful (portsmouth-mad.co.uk) and on several Pompey Facebook pages.
McLenaghan added: ‘I’m really proud of how the fans have taken over our club.
‘It’s fantastic to see it moving forward like it is and everyone has pulled together to achieve that.
‘The syndicate has slowed down in the last couple of weeks, what with people buying season tickets and donating to other causes.
‘We didn’t want to become an irritant, beating them over the head with the same thing, so we decided to finish it. It just seemed the right time.
‘We are now looking at other ways to raise funds.
‘Just freshening things up trying to get money to keep coming in, there are different ways.
‘The syndicate was nothing without the people supporting it, they have really been superb.’