- 2 updates
Balu Chainrai of Portpin says: "Our discussions with the Football League have been positive and are progressing. As far as we are aware we have satisfied the majority of the criteria and we expect now to work through the last remaining points with the Football League in the coming days.
"We are very confident that we are in a position to complete the acquisition of Portsmouth Football club in the near future."
The Football League has failed to approve a bid for Portsmouth Football Club made by former owner Balram Chainrai's firm 'Portpin'.
The way could now be clear for the Pompey Supporters' Trust to take over the side - which is currently in administration.