Property tycoon Lloyd on brink of Portsmouth takeover

Property tycoon Rob Lloyd is being linked with a takeover of Portsmouth.

The Sunday Telegraph says Lloyd is fronting a consortium intending to buy the crisis-ridden club.

Lloyd hopes to enter into a confidential and exclusive arrangements with the club’s administrator, Andrew Andronikou, on Monday ahead of a potential £30 million buy-out before attending Portsmouth’s Premier League fixture with Liverpool at Anfield.

The 46 year-old, who appeared on Channel 4’s Secret Millionaire programme in November 2008, will meet supporters’ groups at Fratton Park on Sunday to gauge their feelings about a potential takeover.

Should his group be successful, Lloyd will be installed as chairman.