Portpin - the company owned by former Portsmouth FC owner Balram Chainrai - have responded to news that they are not preferred bidders for the club. Earlier today administrators named the Pompey Supporters' Trust as its preferred bidder. A spokesman for Portpin said:
“We continue to work with the Football League to ensure we are ready to complete the acquisition of Portsmouth Football Club. Our discussions remain productive and we have been given no reason to believe that there are any remaining obstacles to our bid. Whilst we note PKF’s decision, we recognise that preferred bidder status has no basis in law. And we are confident that our bid offers both the best deal for creditors and is the only fully funded offer to provide Portsmouth FC with a financially sound and sustainable future.”
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