Portsmouth’s fight for survival will go to the wire but a takeover by fans is feasible, the club’s administrator said today.

Portsmouth have confirmed the appointment of Balram Chainrai as the club’s new chairman.

Portsmouth have confirmed the sale of the club to businessmen Balram Chainrai, Levi Kushnir and Deepak Chainrai has been completed.

Portsmouth’s administrators have thanked former owner Alexandre Gaydamak after a deal was finally agreed last night to safeguard the club’s future.

Portsmouth administrator Andrew Andronikou remains hopeful creditor Alexandre Gaydamak will back down from his demands and prevent the club going into liquidation.

Portsmouth FC have tonight announced they are on the brink of being closed down.

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.

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 are celebrating a significant court victory over the taxman that should see the club back in the hands of Hong Kong businessman Balram Chainrai by the end of this month.

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 administrators have revealed in intricate detail how the club’s debts plunged to an incredible €137million.

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

Portsmouth’s hopes of survival were today given a major boost when Her Majesty’s Revenue and Customs accepted the club’s move into administration.

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 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.

A British High Court judge today ordered a hearing into whether the administration keeping Portsmouth afloat as a Premier League team was validly appointed.

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

Former Portsmouth manager Paul Hart believes the club can emerge stronger from 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.

Balram Chainrai, the owner of Portsmouth, today served notice that the club will go into administration unless new owners can be found by tomorrow, a statement on the club’s website has confirmed.

PORTSMOUTH chief executive Peter Storrie has admitted he has already begun talks with an administrator ahead of tomorrow’s deadline.

Portsmouth chief executive Peter Storrie has admitted he has already begun talks with an administrator ahead of Friday’s deadline.

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

PORTSMOUTH are set to become the first Premier League club to go into administration after owner Balram Chainrai served notice of his intention to put the club into the hands of insolvency experts on Friday.

Portsmouth will go into administration on Friday unless a buyer comes forward before then, the club’s owner today announced.

Portsmouth today expressed surprise following claims that Sulaiman al Fahim intends to quit the club and pass on his shareholding to the supporters’ trust.

PORTSMOUTH chief executive Peter Storrie is hopeful that a South African consortium will complete a deal to buy the cash-strapped south-coast club today.

PORTSMOUTH claimed to have received two “serious” offers to buy the club during a hearing at the High Court when they were granted extra time to fight a winding-up petition from Her Majesty’s Revenue and Customs yesterday.

Portsmouth chief executive Peter Storrie remained locked in talks with representatives from Her Majesty’s Revenue and Customs this afternoon over a bid to halt a winding-up order against the club.

AVRAM GRANT has challenged his Portsmouth players to believe in themselves and give everything for the cause as the Barclays Premier League’s bottom club look to pull of a shock at title-chasing Manchester United today.

THE wife of beleaguered Portsmouth coach Avram Grant has launched an astonishing defence of his behaviour after he was outed as the Premier League boss who visited a brothel last December.

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.

Portsmouth have a fourth owner within six months after a takeover by Hong Kong businessman Balram Chainrai was confirmed today – and the club could have a fifth before the season is out.

Portsmouth have a fourth owner of the season after a takeover by Hong Kong businessman Balram Chainrai was confirmed today – and the club could have a fifth before the year is out.

Portsmouth’s turbulent season continued to unravel after the Premier League confirmed today that a transfer embargo has been imposed on the beleaguered club.

Portsmouth have confirmed they have been hit with a transfer embargo from the Premier League for failing to pay money owed to other clubs.

The Premier League have confirmed they have placed a transfer embargo on Portsmouth.

Portsmouth boss Paul Hart is keen to meet with the club’s new owner Ali Al-Faraj soon, but admits he is not concerned about how the Arab businessman finances the club.