Middle East consortium offer Portsmouth a lifeline
Portsmouth's administrators have confirmed that a Middle East consortium has submitted a bid for the financially-stricken League One club, reports BBC News. Pompey are currently in administration and around £61m in debt, and are searching for new owners.
The Portsmouth Supporters' Trust and former owner Balram Chainrai are both vying for control of the club.
Administrators PKF say a Middle East consortium is now interested and is "waiting for clarification on funding".