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Portsmouth administrator won't tolerate time wasters

Portsmouth administrator Andrew Andronikou says he will not "waste a cup of coffee" on any prospective buyer without them proving they have the funds to take the club forward. Andronikou has pledged to "cut costs to the bone" but is determined to bring some stability to Fratton Park.

He therefore has no intention of selling Pompey to anyone who cannot prove they have the cash to develop the club.

He said: "Given the recent history of the club, I would like to make it clear before any interested party approaches us that we will require up-front and unequivocal proof of funds.

"They will also need references that will satisfy the Premier League or the Football League's profile for a fit and proper person.

"I would not waste a cup of coffee on anybody unless they can show me proof of funds from a AAA-star bank.

"I don't care if they're a prince or king of any country in the world, they must prove they have the funds to do the deal."

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