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Feb 7, 2013

New consortium makes bid for Portsmouth

The administrators of Portsmouth have received an offer to buy the club from a consortium which includes former Football League chairman Keith Harris.

The League One club's administrators, PFK, confirmed they had received the bid in the week before a postponed High Court hearing to determine whether club can be sold to the Portsmouth Supporters' Trust will finally take place.

The consortium - featuring Harris, investment banker Pascal Najadi and professional investor Alan Hitchins - says it is willing to offer "a stakeholding and participation" to the trust if the bid is successful.

"We believe this offer is worthy of consideration and could be completed without the need for a court case," PFK partner Trevor Birch said in a statement on the club's official website.

"As officers of the court, the administrators are charged with securing the best return for all creditors and therefore have to consider the offer.

"We will need to discuss the terms of the deal with the PFA and the Football League and also plan to consult the creditors' committee as a matter of urgency. We will provide an update as soon as we have further news."

The High Court hearing next Thursday could force Portsmouth's former owners, Portpin, to lower their asking price for the club's Fratton Park ground, finally paving the way for a takeover.

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