Mystery Ukrainian consortium in running to seal deal for crisis club Portsmouth

11 June 2010 00:19
Pompey's pilot: Andrew Andronikou [LNB]A mystery Ukrainian consortium has emerged as the front-runner to buy cash-strapped Portsmouth but the group are not prepared to meet the club's asking price of £30 million pounds.[LNB]Administrator Andrew Andronikou has revealed he is attempting to re-open negotiations with the Eastern European group who are involved in iron and steel smelting.[LNB]Insolvency firm Griffins released their own CVA proposal earlier this week claiming the south coast club can afford to pay £65 million pounds to creditors rather than the £20 million Andronikou has offered.[LNB]Andronikou said: 'They are considerably wealthy individuals involved in new industry. I have been talking to three foreign parties and they were my preferred option.[LNB]'I am trying very hard to rectify the problem. I am talking to them and trying to bring them back to the table.'[LNB] We want James! England players back veteran to start against USACrisis point: Crushing blow for Portsmouth as taxman opposes CVAEngland 0 Germany 1: Premier League beaten by Bundesliga as profits slump[LNB] [LNB]  

Source: Daily_Mail