Chainrai back in for Portsmouth

Former Portsmouth owner Balram Chainrai hopes to clinch a takeover of the club within the next fortnight.

Last Updated: 23/08/12 at 11:07 Post Comment

Portsmouth's future could become clearer on Friday after former owner Balraim Chainrai re-entered the running to buy back the club.

Just eight days ago Chainrai's company Portpin announced their interest in Pompey, who remain in administration and in danger of liquidation, was at an end.

Their decision appeared to pave the way for fans' group the Pompey Supporters' Trust, backed by a loan from the local council, to complete their rescue of the club.

Yet Hong Kong businessman Chainrai remains Portsmouth's biggest creditor and, having expressed doubts about the viability of the PST's bid, he has now submitted a fresh offer to administrator Trevor Birch.

And according to Birch, the PST will submit their latest bid tomorrow.

Birch said: "Portpin has submitted a new offer and we are now reviewing it.

"We have been working with the Trust since Portpin's original offer was withdrawn and understand that the Trust is on track to submit a business plan and revised offer tomorrow.

"We will assess its bid once it has been submitted and will then determine which offer provides the best deal for creditors, as is our duty as court appointed administrators."

Related News

Most Commented

Readers' Comments

H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

Footer 365

Premier League: Liverpool have signed Dejan Lovren from Southampton

Liverpool have completed the signing of Croatian centre-back Dejan Lovren from Southampton

Premier League: Belgium defender Jan Vertonghen set to remain at Tottenham

Jan Vertonghen says he wants to remain at Spurs and has confirmed he has been offered a new contract to stay at the club

Daniel Agger backs Liverpool to cope without Luis Suarez next season

Liverpool defender Daniel Agger is confident that the departure of Luis Suarez will not affect their title ambitions.

Mail Box

Are Pre-Season Tours Really A Problem?

Are pre-season tours really a problem? Liverpool went to Australia last summer and it didn't prevent them from having a good season. Plus, thoughts on LvG and keepers...

It Isn't Easy Supporting Spurs, You Know

We have a long mail about the travails of supporting Spurs, plus Friday thoughts on Marko Marin, marketing, victory v beauty, travelling and vanishing sprays...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property