Live updates

Advertisement

Advertisement

Portsmouth Football Club clings on

Portsmouth football club looks set to survive as a League One side - this season - after administrators managed to clear the books of remaining highly-paid players.

The most likely outcome will see the club back in the hands of former owner Balran Chan-ri - and not the fans' preferred option - the Portsmouth Supporters Trust.

But what next for those who are still owed money by the club?

  1. ITV Report

Pompey rises again

Fans still in the running to take over Pompey

Prince William and Balram Chainrai at the FA Cup in 2008 Credit: ITV Meridian

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.

Load more updates