Chainrai withdraws Pompey bid

Portsmouth could yet face liquidation after former owner Balram Chainrai withdrew his bid to buy the troubled npower League One club.

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.”

More in this section

Join us for a special evening of Cheltenham chat on Friday March 12 at 6.30pm with racing legend and Irish Examiner columnist Ruby Walsh, Irish Examiner racing correspondent Tommy Lyons, and former champion jockey and tv presenter Mick Fitzgerald, author of Better than Sex.

Sport
Newsletter

Latest news from the world of sport, along with the best in opinion from our outstanding team of sports writers

Sign up
Home Delivery
logo-ie

HOME DELIVERY SERVICE

Have the Irish Examiner delivered to your door. No delivery charge. Just pay the cover price.

IE_logo_newsletters

Select your favourite newsletters and get the best of Irish Examiner delivered to your inbox