Portsmouth could yet face liquidation after former owner Balram Chainrai withdrew his bid to buy the troubled npower League One club.
Trevor Birch, the administrator charged with looking to find new owners for the crisis club, had managed to offload a number of high-earning players such as Tal Ben Haim, Liam Lawrence and Dave Kitson to push through a sale.
However, Chainrai has revealed this morning that he is now no longer interested in striking a takeover deal.
He released a statement to Sky Sports News which read: “Portpin Ltd regrets to announce that it is withdrawing its bid for Portsmouth Football Club.
“Unfortunately, our efforts to save the club once more from extinction have hit a wall of rejection and lacking co-operation from the administrator and other interested parties.
“We are not the ones who have caused the club to collapse and we are not the ones to choose PKF as administrators.”