The creditors of Portsmouth Football Club will meet with administrator Trevor Birch today to discuss who will take over the club. There are two bids on the table - one from former owner Balram Chanrai, the other from the Pompey Supporters Trust.
Creditors have voted to accept Balram Chainrai's offer to re-take the reins at Portsmouth Football Club. The former owner offered to pay 2p for every pound owed to creditors - although he did promise to refund small creditors in full, such as charities.
But the door was left open for the Pompey Supporters Trust who also tabled a bid for the club. Fans of the League One club have been given more time to raise a more substantial bid. Two years ago Pompey collapsed with debts of £138m and again called in the receivers this year owing £40m.
Pompey fans will try to persuade the football club's administrator that they should become the new owner of the financially troubled club. The bid by the Pompey Supporters Trust is one of two on the table. The other is by former owner Balram Chainrai. The meeting will be held at Fratton Park today.