Soccer:Portsmouth administrator Andrew Andronikou has revealed he has heard from 12 parties interested in buying the debt-ridden club.
Pompey went into administration last Friday with estimated debts of €86million, including an outstanding tax bill of €13million.
The south-coast club lie bottom of the Premier League, but Andronikou claims there has been no shortage of interest.
“We have received a about dozen expressions of interest,” Andronikou, who said he now had to assess “the quality of the interest”.
“We need to sit down first and look at funding,” he added.
The administrator revealed he had already met with two parties who had shown him proof of funds and he had sent them away and asked them to bring him even more “transparent proof”.
“There is no timescale,” Andronikou added. “We are not rushing. We want to do it properly. We need a measured approach.
“It’s about putting the club in the hands of someone who is going to look after it and make sure it’s in a good position in three, six, nine months’ time.”
Andronikou said he could not put a figure on what the club was worth.
There has been some interest from New Zealand businessman Victor Cattermole, while the Intermarket Group who were close to a takeover at West Ham have also emerged as possible investors.
Andronikou, an insolvency practitioner from UHY Hacker Young, maintains Tuesday’s High Court appearance, at which a judge ordered another hearing in a fortnight’s time to ascertain whether his appointment by Balram Chainrai was valid, will have no bearing on the plans to find a new buyer.
Andronikou was scheduled to meet with the Premier League this afternoon, a meeting two days’ ago having been postponed following the High Court appearance.
He retains hope that the automatic nine-point deduction levied for any club going into administration will be waived.
It is understood the Premier League will not make any decision on possible penalties until the second High Court hearing.
Should a nine-point deduction be imposed, it would effectively seal the Portsmouth’s relegation to the Coca-Cola Championship.
Pompey are currently on 19 points, five adrift of 17th-placed Wolves.
With Portsmouth due for a second High Court appearance in two weeks’ time to ascertain whether the administrator was validly appointed, West Ham co-owner David Gold claimed any possible penalty would have to wait until the club’s situation became clearer.
Gold said: “First of all we’re unclear of the situation. They are not in administration as we speak.
“They called them in but that’s being challenged. As we speak that is unclear and until they enter administration really that is not an issue for the Premier League.
“He (Andronikou) might be called an administrator, but that isn’t actually the case.
“All I can tell you is as we speak Portsmouth are not in administration.”
Burnley chief executive Paul Fletcher was more convinced Pompey would indeed be deducted nine points.
He added: “They’ve over-stretched themselves and there is a very, very good chance they will be deducted nine points, that’s the way it appears it’s going to go.
“It’s quite complicated but all I can say is the Premier League board have handled it very, very well.”
Burnley are second bottom of the Premier League, currently four points ahead of Portsmouth.