The spokesman for Balram Chainrai says no agreement over the sale of Portsmouth will be agreed until their is a proof of funds.

A South African consortium are in talks to buyout Pompey today.

Chainrai's spokesman, Phil Hall, said: "There has got be an end to all this speculation. Balram is a very experienced businessman and nothing will be done until the funds are in place. He met the South Africans on Friday but until we see proof of funds there will be no move forwards."

Hall also revealed that Chainrai had used his own money to pay off an Inland Revenue bill last month.

"Balram has put £17million of his own money in and as recently as January he paid a £4million Inland Revenue bill. He has stayed strong and put the money in. We hope the South African group will come forward but we are not pinning our hopes on this," he added.

"He absolutely pledges that he will not do business unless people have the funds and if he can't find investment he will find a way of saving the club himself.

"He will bring his business contacts into play and he says categorically the club well not close and it's history will continue into the future."