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"We have been working with the Trust since Portpin's original offer was withdrawn and understand that the Trust is on track to submit a business plan and revised offer tomorrow.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

L

oved the article. i remember at school, after failing an exam, I would become obscenely secretly happy if I discover that others failed as well. Misery loves company...Now here is to hoping Chelsea joins the party and Stoke city wins the league...Cheers!

gabu
The Premier League: As Crazy As A Bag Of Snakes

C

haos reached its ultimate reckoning last weekend with Tony Hibbert looking assured at left back and Osman looking like a cultured ball playing midfielder before busting a gut to get to the back post for a Samuel Eto'o ball. Different chaos but chaos. If Kone scores the winner tonight I fear the world will end.

jelasfirsttouch
The Premier League: As Crazy As A Bag Of Snakes

A

beautiful demonstration of why stats mean diddly-squat in football.

cheshire-gooner
WhoScored's PL Team Of 2014 So Far...

Footer 365

Brandao jailed over headbutt on Motta

Brazilian striker Brandao jailed and fined 20,000 euros (£15,850) for headbutting Paris Saint-Germain's Thiago Motta.

Jack Wilshere has had ankle surgery and the Arsenal man will be out for around three months

Arsenal will be without Jack Wilshere for around three months after the midfielder underwent ankle surgery.

International football: England up seven places in latest FIFA rankings

England have jumped seven places to 13th place in the latest FIFA rankings following a six-match winning run.

Mail Box

Arsenal Fans Are Full Of Hope Again...

Arsenal fans have been sucked back into believing Wenger can bring the glory years back after beating Borussia Dortmund. Plus, more on Liverpool's worrying decline...

Makes Sense To Make Gerrard Liverpool Manager

That's the thoughts of one Mailboxer, who wants Jamie Carragher as defensive coach. Plus views on Arsenal, Malmo v Juventus, Alexis Sanchez & tremendous improvement...

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