UK investors make move for Portsmouth

The administrators for League One Portsmouth have received a fifth formal bid for the stricken South Coast club.

The offer is from a firm called Portco Ltd, a group of UK investors fronted by Scottish businessman Harry Kerr.

The group claims to have shown Portsmouth's administrators PKF bank statements totalling £6.47m as proof of funds for its proposed purchase.

However, PKF has said ex-owner Balram Chainrai's firm Portpin and the Pompey Supporters' Trust remain front-runners.

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