Portsmouth FC

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Pompey predict more changes

07 Feb 2010 - 12:04:51

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Portsmouth's executive director Mark Jacob expects the crisis-torn Premier League club to be under new ownership for the fifth time this season in the coming weeks.

Balram Chainrai became the fourth new owner of a turbulent campaign when he seized control at Fratton Park last week.

Chainrai acquired a 90 per cent stake in the club after former owner Ali Al Faraj defaulted on loan payments owed to him.

The Hong Kong-based businessman immediately confirmed that he had no long-term interest in the financially stricken club and Jacob has now revealed that "two or three groups" have expressed an interest in taking over.

Jacob has also dismissed suggestions that Portsmouth could become the first ever Premier League club to slide into administration.

He told BBC Radio Five Live: "There are potentially two or three groups who have approached the board and Mr Chainrai with regard to the possibility of taking over.

"They are from different parts of the globe and some even more locally.

"It's got to the stage where the board will have to take every due care and consideration into the people who do come to the table with regard to proof of funds. We can't have any more short-termism at the club.

"There has been a lot of turmoil and everything has come to a head over the last week or so.

"It's quite delicate at the moment but we are confident a group will be in place very soon to move things forward to allow Mr Chainrai to step aside."