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Portsmouth chief executive upbeat over future

Portsmouth chief executive Peter Storrie is confident that their financial crisis will soon be resolved. Portsmouth successfully argued to get an extension for a week when they will provide, in conjunction with accountancy firm Vantis, a statement of their financial affairs.

Storrie also confirmed that the court were informed that two interested parties were in advanced talks with new owner Balram Chainrai about purchasing the South Coast club.

"It is still a very serious situation and we have a lot of work to do and prove to the court we are viable, we can go forward and we have potential buyers and we will work very closely with Vantis and get the courts the information they want but it is all there and we should be able to get that to them fairly quickly," Storrie told Sky Sports News.

"You can never be confident, but there are two parties and they allowed us to tell the court and they would not do that if they were not serous but for the moment we want to keep matters confidential and not have their names bandied about the newspapers.

"We are hopeful we will complete the season and stay up.

"It is a serious position but we put a strong case up to the court and we will put another strong one up when we get all the figures together, we believe the club is looking in a much better position than it was a few months ago, debts are reduced dramatically and we obviously welcome the chance to talk things though with Vantis and then put the case forward in a few days time, but we are still here, we are still working at it and I am sure we are going to get through.

"I had to do a lot of negotiations throughout the night to even let the courts know about it. They don't like to be in the media until it is finalised. One of them I have been in discussions with for a few weeks.

"We have had problems for over a year and we are still here, we have battled through but we are still going - we have a fantastic support and it is our duty to keep this club going.

"It is difficult for everyone here, they have all worked hard and get no praise, yet they suffer as much as anyone."

Storrie welcomed the fact the club made it through Wednesday's court hearing.

"We could have been wound-up so whatever we have got is a bonus.

"For PAYE we have offered them money that would bring it up to date as much as any club in the country. So that is why we are disputing the claim with Customs and Excise.

"VAT is an issue, but that is a dispute and our advisors tell us this could go on for six months or even up to a year.

"You have to look at what is happening in the world of football, there are a lot of clubs in considerably larger debt than what we have.

"Our debt has come down substantially, this is a fantastic club with a fantastic atmosphere and there is something unique about it.

"There are generally people who have sums of money, who do not want to be visible, but as long as they save the football club and pay off the debts - that is the most important thing.

"All we can say is that we are all working as hard as we can to save the football club and that has always been my goal and I certainly hope to be standing here in 12 months with it still going."

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