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Portsmouth administrator says takeover success now closer

Submitted by tribalfootball.com on Sun, 03/14/2010 - 10:37

Portsmouth administrator Andrew Andronikou says the prospect of a takeover is gathering pace.

The Mail on Sunday says Andronikou has started that one consortium interested in buying the club out of administration was considerably ahead of other parties, but he anticipated other firm offers.

It is believed the leading bid comes from a group led by three men, from Malaysia, India and Europe respectively, who have the backing of leading South African financial institution.

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