The administrator of Portsmouth Football Club has given the two sides in the running to take over the financially strapped club, another two weeks to finalise their bids. Trevor Birch is concerned that neither bidder is in a position to complete a deal.
The Pompey Supporters' Trust; and the former Portsmouth Football Club owner Balram Chainrai who is bidding through his company 'Portpin', have both made offers to buy the football club and take the side out of administration.
"We have held detailed discussions with both Portpin and the Pompey Supporters' Trust over the past week. As neither party is currently in a position to complete a deal we have been unable to make an informed decision as to which offer is in the best interests of creditors.
"We have therefore decided to give both parties two weeks to finalise terms to acquire Portsmouth Football Club.
– Trevor Birch, PKF partner & joint administrator of Portsmouth Football Club (2010) Ltd
"We will now work with Portpin and the Trust as they finalise their plans and seek to satisfy the Football League and the Professional Footballers' Association of their respective abilities to sustain the club in the future.
"We will also use this opportunity to request a review of the points deduction that is being held in abeyance on the club by the Football League."