Portsmouth administrator hopeful for future

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

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

The club released a statement last night revealing they were on the brink of ceasing trading after Gaydamak, a former owner of the club who is owed around £2.2m (€2.47m), refused, they claim, to sign a deal which could have seen them move out of administration.

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