Portsmouth are attracting fresh takeover interest from South Africa.

The Times says the consortium is involved in gold-mining and is understood to have approached Portsmouth with a view to buying out Alexandre Gaydamak, the owner.

Keith Harris, an investment banker and chairman of Seymour Pierce, was attempting to find a buyer on behalf of Gaydamak, but had been unsuccessful even at a knockdown price of £18 million, the loans taken out by the club to fund player purchases being the likely sticking point. The new offer, however, is not one that Harris has brokered.