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Page last updated at 16:21 GMT, Saturday, 3 April 2010 17:21 UK

Mystery investor eyes Portsmouth bid

Fratton Park
Portsmouth could be poised for their fifth change of ownership this season

Lawyers acting for the anonymous investor linked with the purchase of Portsmouth will start sifting through the club's financial records this week.

But mystery continues to surround the identity of the UK-based investor.

"All will be revealed, but I can't make my investor come out if he doesn't want to," Rob Lloyd, the tycoon fronting the bid, told BBC Radio Solent.

"People keep asking me the question, but it's far too early. Let's see what we're trying to buy first of all."

Destabilised by crippling debts of over £60m and four changes of ownership this season, Portsmouth recently became the first Premier League club to enter administration.

A heavyweight team of lawyers and accountants will convene at Fratton Park on Tuesday to begin their data trawl, though Pompey's would-be buyer has failed to agree an exclusivity period, thereby running the risk of being gazumped by a rival consortium.

"In all fairness to Andrew, at the end of the day he's got to do the right thing for the club," added property tycoon Lloyd, referring to administrator Andrew Andronikou, who is responsible for finding a buyer for Portsmouth.

"He's got to sound out other potential buyers, and he's already said that there are other people in the frame.

606: DEBATE
PlayUpPompeyFanJake - Que Sera Sera

"He's mentioned a number of parties that have come forward, and I think it shows that the best thing is being done for the club at the end of the day."

By falling into administration Portsmouth incurred a nine-point penalty for going into administration in late February, effectively sealing relegation to the Championship.

Andronikou was appointed on 26 February with the aim of cutting costs and finding a buyer for the Hampshire team, currently owned by Hong Kong businessman Balram Chainrai, who took control in early February.



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see also
Portsmouth 0-0 Blackburn
03 Apr 10 |  Premier League
UK investor weighs up Pompey bid
21 Mar 10 |  Portsmouth
Pompey drop Dindane over 4m fee
21 Mar 10 |  Portsmouth
Pompey cool takeover bid reports
14 Mar 10 |  Portsmouth
Storrie quits role at Portsmouth
12 Mar 10 |  Portsmouth
HMRC ready to back Pompey set-up
11 Mar 10 |  Business
Storrie refuses to quit at Pompey
29 Jan 10 |  Portsmouth
Storrie in court over tax charge
20 Jan 10 |  Hampshire
Premiership clubs 'owe most cash'
24 Feb 10 |  Business
Pompey labelled 'dysfunctional'
26 Feb 10 |  Portsmouth


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