Pompey: "cautiously optimistic"

Portsmouth City Council are holding an emergency meeting to decide whether to lend the football club money.

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Pompey could be saved from liquidation

Portsmouth are "cautiously optimistic" they will avoid going into liquidation

as tomorrow's deadline to save the club looms.

Administrator Trevor Birch said that Pompey's high earners must be

off the wage bill by August 10 or there would be no chance of rescuing the

stricken club.

He said Israeli defender Tal Ben Haim - reportedly on £36k per

week - had left Fratton Park after reaching an agreement.

Birch also expects to make an announcement on midfielder Liam

Lawrence, while talks are ongoing with former striker Kanu.

Negotiations with former owner Balram Chainrai's company Portpin

over their takeover should take place over the next few days.

It also emerged today that Portsmouth Council have agreed to loan rival

bidders, the Pompey Supporters' Trust, £1.45million towards their proposal to

buy the club.

Portsmouth will begin the npower League One campaign next weekend on minus 10

points and are due to start their season with a Capital One Cup clash against

Plymouth on Tuesday.

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