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Portsmouth receive formal takeover offer

Portsmouth have received a takeover offer from Rob Lloyd.

The Guardian says Lloyd, the property tycoon who represents an unknown client, has made a formal proposal to buy Portsmouth with Andrew Andronikou, the club's administrator, having flown out to Hong Kong last week to meet Balram Chainrai, the club's largest secured creditor to discuss a possible deal.

Lloyd told the Guardian: "We made the proposal to Andrew on Monday and the next step is now to arrange a meeting to move the process forward. That should happen by the end of the week."

Andronikou is today meeting the French-Moroccan party who are also interested in buying the club, after the prospective new owners flew into England to hold meetings with the administrator in London.

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Tribal Football Staff

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