Portsmouth owner Balram Chainrai has been told at a meeting with Premier League chiefs that they cannot bail out the financially-stricken club.

Portsmouth have received a timely boost with the news that goalkeeper David James is set to waive his right to a new contract in a bid to help the financially-stricken club survive.

Leicester chairman Milan Mandaric was charged today with two counts of cheating the public revenue, Britain's Crown Prosecution Service (CPS) said.

Portsmouth remain confident they will soon be back on an even financial keel, despite the Premier League being ready to withhold their latest chunk of television money to cover unpaid transfer fees.

Sulaiman Al Fahim today issued a statement announcing his investment group have completed their takeover of Portsmouth.

Portsmouth have confirmed the signing of goalkeeper Antti Niemi with the 37-year-old coming out of retirement to join the Premier League club.

Portsmouth continue to wait for Suliaman Al Fahim’s takeover to be formally completed before attacking the transfer market – but South Africa’s Kagisho Dikgacoi would appear not to be on their shopping list.

Portsmouth executive chairman Peter Storrie maintains there will be no other major players leaving Fratton Park during the January transfer window.

Portsmouth executive chairman Peter Storrie has promised to back manager Tony Adams in the transfer window and warned anyone interested in Jermain Defoe, it will take an exceptional offer to secure him.

Portsmouth insist their dream of moving to a new waterfront stadium by 2011 is still alive despite new plans for the project looking certain to face a full public inquiry.

Portsmouth manager Harry Redknapp has confirmed he still hopes to sign Trinidad and Tobago midfielder Khaleem Hyland.

Portsmouth manager Harry Redknapp has denied that Joey Barton was a target on transfer-deadline day.

Glen Little has urged Nicky Shorey to follow him to Portsmouth from Reading.

Portsmouth are refusing to comment on speculation linking them to a £4m bid for Inter Milan’s former Arsenal and Juventus star Patrick Vieira.

Portsmouth chief executive Peter Storrie claims manager Harry Redknapp is furious at suggestions he will walk out on the club after Saturday’s FA Cup final against Cardiff and labelled reports he is set to quit as “an unbelievable load of rubbish”.

Portsmouth boss Harry Redknapp has admitted his interest in bringing former Liverpool and Aston Villa striker Milan Baros to Fratton Park.

NEWCASTLE were yesterday closing in on their man as they stepped up efforts to lure Harry Redknapp to St James’ Park.

Unsettled Matt Taylor has been told he can leave Portsmouth – but only for “the right price.”

Portsmouth boss Harry Redknapp plans to bolster his attack this summer and is monitoring West Ham striker Marlon Harewood.

Portsmouth’s bid to break their transfer record with a £7m swoop for Ghana star Sulley Muntari has stalled over “minor details” in his contract.

Hampshire Police have decided against taking extra security measures for Charlton’s Premiership visit to Portsmouth on Saturday when Ben Thatcher is likely to be included in Alan Pardew’s relegation-threatened side.

PORTSMOUTH captain Dejan Stefanovic and assistant manager Tony Adams are on a collision course over criticism of the Serbian’s defending.

Midfielder Gary O’Neil has become Portsmouth’s latest injury victim after the 3-0 defeat at Manchester United and is a major doubt for Saturday’s home clash with Fulham.

Portsmouth have signed Manuel Fernandes on loan from Benfica and the midfielder could eventually become the club’s record signing at £7m (€10.39m) if he proves his fitness at Fratton Park.

Portsmouth chairman Milan Mandaric has predicted the Football Association will drop their probe into allegations of a betting scam surrounding manager Harry Redknapp’s move back to Fratton Park from Southampton last December.

Portsmouth are still trying to push through a deal to sign Kanu and avoid starting the season with just one fit striker.

David James is set to undergo a medical and discuss personal terms at Portsmouth after the south coast club agreed a transfer fee of around £1.2m (€1.8m) with Manchester City.

Harry Redknapp has reassured Portsmouth fans Sol Campbell’s signing is no more than a formality.

Portsmouth are closing in on the first of three major signings with Sol Campbell undergoing a medical ahead of a proposed move to Fratton Park.

Portsmouth manager Harry Redknapp has confirmed he would be interested in signing coveted West Brom defender Curtis Davies.

Wigan’s Senegal striker Henri Camara is dreaming of a move to Portsmouth - according to his agent.

Portsmouth are on the brink of offering manager Harry Redknapp a new contract - whether they stay up or are relegated.

Portsmouth striker Svetoslav Todorov is hoping to be considered for a place in the squad to face Chelsea at Stamford Bridge on Saturday – despite walking out on the team before the last match.

Portsmouth chairman Milan Mandaric has sent Southampton counterpart Rupert Lowe a fresh duck for Christmas – and claims it is his first move towards ending the feud between the pair.

Portsmouth defender Andy O’Brien is losing his fight to return for the vital Fratton Park clash with Wigan amid fears his knee injury could be more long-term than first anticipated.

A Briton and his American girlfriend are among the dozens of dead in the Sharm el Sheikh terror massacre, it emerged tonight.

Portsmouth boss Alain Perrin continued his preparations for the new season with the completion of midfielder John Viafara’s transfer from Once Caldas.

Polish striker Sebastian Olszar is hoping manager Harry Redknapp gives him the chance to fulfil his dream of scoring the winning goal at Anfield.

Paolo di Canio’s agent has confirmed the Italian would be happy to play for Portsmought if manager Harry Redknapp were to make a move.

The mother of a nine-year-old girl who died during a school boating trip says she was sent a bill for badges and photographs weeks after her daughter's death.