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Club in talks with 'several parties' - Chainrai
Portsmouth, 12:20, March 11, 2010 ,
Balram Chainrai believes Portsmouth's administrators are "very near" to finding a new buyer for the club.
The Hong Kong businessman, who took control of Portsmouth after the club defaulted on loans from him, insists disaffected Pompey fans will not have to wait long for a resolution.
Chainrai only took up the offer of equity in the club because the alternative was to lose the money Portsmouth had borrowed from him.
He told Bloomberg Television: "I don't feel I've lost the money. I feel the money is there, I can see it. If the club is alive my money is alive.
"The main objective is to sell off the club to some consortium or institution or person, who would be able to be responsible enough to stabilise it and run it properly.
"I've heard through my lawyers that they are in conversations with several parties. They are deep into talks that could finalise in the very near future."