Portsmouth manager Steve Cotterill could soon be in a position to strengthen his threadbare squad as Balram Chainrai’s takeover bid moves a step closer.

Balram Chainrai will be able take over Portsmouth for nothing if he guarantees to pay £16m-20m to creditors over the next five years, the club’s administrator has revealed.

Portsmouth's creditors have voted overwhelmingly in favour of a deal which should see the club exit administration.

Portsmouth’s administrator has revealed David James has offered himself as a candidate for a management role at the club following Avram Grant’s departure.

Republic of Ireland defender Steve Finnan has been released by his club Portsmouth.

Avram Grant has emerged as the leading candidate for the West Ham manager’s job as new owners David Gold and David Sullivan look to take the club forwards.

Republic of Ireland defender Steve Finnan accepts it will be something of a step into the unknown this summer as Portsmouth set about rebuilding the club.

Avram Grant is crossing his fingers another battling Portsmouth performance in yesterday's FA Cup final can unearth a buyer willing to take on the cash-strapped club.

Portsmouth's debt crisis is not as deep as previously thought, a report in today's Guardian has revealed.

PORTSMOUTH will have more than two-thirds of their debts written off after a deal with creditors was thrashed out yesterday but have been hit with a further £17million (€19.9m) claim from the taxman.

Portsmouth will have more than two-thirds of their debts written off after a deal with creditors was thrashed out today but have been hit with a further £17m claim from the taxman.

Portsmouth’s debts have increased to £138m, it has emerged.

PORTSMOUTH’S administrator Andrew Andronikou has condemned the FA and Premier League decision to block the club’s entry into next season’s Europa League as “a shambles”.

Aruna Dindane looks set to be able to play for Portsmouth in the FA Cup final after an agreement was reached with French club Lens over the on-loan striker.

Portsmouth are set to ask the Football Association whether they can play in the Europa League next season following their famous win over Tottenham at Wembley.

Portsmouth administrator Andrew Andronikou insists the club will not rush into selling players despite today being given permission to do so by the Premier League.

Portsmouth received a much-needed boost today with the news the Premier League will allow the club to sell players immediately.

Portsmouth boss Avram Grant has paid tribute to his players after they saved four of the club's training ground staff from redundancy.

AVRAM GRANT reflected on a “sad day for football” after confirmation of Portsmouth’s nine-point deduction for going into administration all but relegated the club from the Premier League – and revealed he would meet the players today before deciding how best to tackle the remainder of the season.

Portsmouth’s administrator Andrew Andronikou admits he is still some way from securing a deal that would see the Barclays Premier League club taken over by new owners.

PORTSMOUTH’s administrator Andrew Andronikou claims former chief executive Peter Storrie must bear part of the blame for the crisis that has engulfed the club.

The Premier League has confirmed a nine-point deduction for Portsmouth to take place “with immediate effect”.

THE Premier League are set to confirm a nine-point deduction for Portsmouth later today as the club’s administrator yesterday revealed that talks with a takeover consortium have yet to lead to any proof of funds being produced.

The Premier League are set to confirm a nine-point deduction for Portsmouth tomorrow as the club’s administrator today revealed that talks with a takeover consortium have yet to lead to any proof of funds being produced.

Portsmouth will return to the high court tomorrow where Her Majesty’s Revenue and Customs will officially accept their move into administration.

Portsmouth midfielder Jamie O’Hara admits players’ wages often match their spending and says a possible pay cut could hurt some members of the Fratton Park dressing room.

JAMIE O’HARA has confirmed he will make a decision about his international future after this summer’s World Cup finals in South Africa.

Hong Kong businessman Balram Chainrai, who took control of Portsmouth after the club defaulted on loans from him, insists he will get his money back.

Portsmouth expect to be told today that Her Majesty’s Revenue and Customs accept the club have entered administration legitimately.

PORTSMOUTH have announced 85 redundancies but chief executive Peter Storrie will remain in his job while the club attempt to find a buyer.

Birmingham manager Alex McLeish paid tribute to Christian Benitez after he inspired his side to a 2-1 triumph at Portsmouth last night.

Portsmouth administrator Andrew Andronikou has revealed he has heard from 12 parties interested in buying the debt-ridden club.

PORTSMOUTH administrator Andrew Andronikou insists it is business as usual at the club despite another legal hurdle being placed in their path.

The Premier League will await the outcome of Portsmouth’s High Court appearance later today before considering the stricken club’s future.

Portsmouth must return to the High Court tomorrow after Her Majesty’s Revenue and Customs challenged their voluntary administration.

Aaron Ramsey will miss the rest of the season after suffering fractures to the tibia and fibula of his right leg in Arsenal’s 3-1 victory over Stoke.

IT WILL no doubt be another seven days of madness at Fratton Park and even though they managed to pick up three points against relegation rivals, despite their administrator’s protests, they will find themselves docked nine this week.

THE administrator in charge of Portsmouth says he is going to go through every transfer “one by one” to get to the bottom of the club’s financial mess. Andrew Andronikou said yesterday: “I will probably need another week to get to see the exact figures.”

The administrator in charge of Portsmouth expects the club’s debt to total £78m.

PORTSMOUTH administrator Andrew Andronikou is set to ask the Premier League for special dispensation on three separate fronts.

Portsmouth administrator Andrew Andronikou insists every aspect of the ailing club's finances will be "reviewed and scrutinised" - but has promised supporters he will save the south coast side.

Portsmouth have this morning confirmed they have gone into administration.

PORTSMOUTH will officially go into administration this morning with the automatic nine-point penalty virtually ensuring relegation from the Premier League.

Portsmouth have begun the process of going into administration and this will be completed in the High Court tomorrow, a spokesman for owner Balram Chainrai has confirmed.