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SBD Global/September 11, 2012/International Football
Middle East Investors Make $20M Bid For Portsmouth FC
Published September 11, 2012
DEADLINE SET: REUTERS reported that The Portsmouth Supporters Trust and former club Owner Balram Chainrai's Portpin vehicle were "already working on rival bids for the club." The administrators have set a Friday deadline to "finalize offers." Administrators PKF, who have been running the club for more than six months, said through a spokesperson, "We have received an initial offer from a Middle East-based group and are currently awaiting clarification of financial issues" (REUTERS, 9/10).