I'll find buyer for Pompey - Andronikou

15 June 2010 05:41
Portsmouth administrator Andrew Andronikou remains confident of selling the club once a Company Voluntary Arrangement is agreed.

Andronikou is hoping an offer of 20p in the pound to Pompey's creditors will be voted through at a meeting on Thursday despite HM Revenue and Customs last week indicating they would oppose it.

The club need 75% of creditors to vote in favour of the deal, which would pave the way for the FA Cup finalists to come out of administration.

Andronikou told Sky Sports News: "Once the CVA is approved we can move on to the next focus, which is a new owner.

"There are various interested parties. One or two people were frustrated with the events of last week but the club is very much for sale and, once the CVA is approved, we are confident the interested parties will take on their interest."

Andronikou refused to comment on speculation Steve Cotterill will be appointed manager but he said there had been "immense interest" in the post and that the club hoped to make an appointment by the end of the week.

He is also confident securing a CVA would mean Portsmouth avoiding a points deduction when they begin their Championship season in August.

"As long as the club exits (administration) via the CVA then I understand it will be free from any further punishment," he added.

Source: Team_Talk

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