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.