Source: Telegraph
Identity of would-be Portsmouth investor remains under wraps
However, Lloyd and the unnamed investor have turned down the option of entering into an exclusivity period with the club, blaming a cost in excess of £1million. [LNB]A fee of £5,000 has been paid to gain access to Portsmouth's accounts. However, another investor could still mount a rival bid. [LNB]Newcastle subject of spoof takeover bid"We decided not to go down the exclusivity route as we would have had to put X million pounds down initially, which nobody in their right mind would do," said Lloyd, who described the bid as "very serious" on arriving at Fratton Park. [LNB]Lloyd has signed a non-disclosure agreement with Portsmouth administrator Andrew Andronikou. [LNB]He is also still refusing to name the investor who is interested in succeeding Balram Chainrai as the fifth owner at Portsmouth during a chaotic nine months. [LNB]"I'm going to remain private on that matter as I have been asked to," said Lloyd. "At the moment it's certainly a single investor who has asked me to front the position here. [LNB]"Once we've done the due diligence process it's up to that person, individual, investor to come out if he so wants to do. But let's get to a stage where we can actually make a formal bid."[LNB]If a buyer cannot be found, Andronikou regards Chainrai as a potential "safety net" via a solution that would see Portsmouth exit administration by way of a Company Voluntary Agreement and then reorganise their spending according to the realities of the Championship. [LNB]Chainrai would have little option but to take control of the club as a means of safeguarding the £15million he is owed, even though he has no interest in being owner in the longer term. [LNB]Portsmouth manager Avram Grant, meanwhile, has had a triple boost ahead of Sunday's FA Cup semi-final against Tottenham, with Hassan Yebda, Kevin Prince Boateng and Papa Bouba Diop all expected to return to training this week after injury. [LNB]
