PKF ADMINISTRATORS have nominated Portsmouth FC’s supporters as the preferred bidder for the collapsed club.
The club entered administration for the second time in two years on 17 February, with PKF partners Trevor Birch, Ian Gould and Bryan Jackson appointed.
Balam Chainrai was previously announced as the preferred bidder. However, it is understood that the Football League raised concerns over his ownership.
Birch (pictured) said: “After extensive discussions over the past few weeks, we have today nominated Portsmouth Supporters Trust as the preferred bidder for Portsmouth Football Club.
“We will be working with the Trust, the Football League and the Professional Footballers Association to conclude the sale of the club as soon as possible.”
A spokesman for the Portsmouth Supporters Trust told Accountancy Age: “We are delighted at the news. We were always confident that our bid was the best for creditors and the club going forward.
“Although we have some way to go until a deal is finalised, the hard work starts here and we are all looking forward to the challenge.”
BHS auditor PwC questioned over why it described the embattled retailer as a 'going concern' days before it was sold for £1
KPMG raised concerns over Retail Acquisition's ability to continue to trade and fund both BHS
Duff & Phelps’ Irish business now boasts over 70 staff
FRC looks into events at BHS following pressure from MPs to scrutinise directors and advisers involved in sale of department store prior to its collapse