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.

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Portsmouth FC: Fans or Chanrai?

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.