Portsmouth teetering on brink of administration
Chainrai said it was now unlikely that a takeover deal would be done before the end of the week and administration will prevent the club from being wound up in the High Court on Monday.
But it will also mean certain relegation for Pompey – there is an automatic nine-point penalty for any Premier League club going into administration and that would leave the side on just seven points, 16 behind their nearest rivals.
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