Portsmouth have denied reports the club has been put up for sale.

The Barclays Premier League club have been owned by Alexandre Gaydamak since 2006.

Reports have suggested Portsmouth may be the next top-flight club to be taken over by investors.

However the club have indicated they will consider any bids but not actively seek new owners.

A statement from Portsmouth said: "The club's owner has already stated that the club is not for sale but, as with all businesses, should the right offer be forthcoming serious consideration would be given to the proposal.

"The financial position of the club is fully audited and is consistent with its peers in the football industry.

"The club's growth and performance over the last two-and-a-half years is evidence of how well the club is managed."