Portsmouth have announced they are on the brink of being closed down.

The club released a statement saying that the club faces going out of business unless a deal with former owner and creditor Alexandre Gaydamak and prospective buyer Balram Chainrai can be struck - described as "impossible" in a statement from Pompey.

Portsmouth were relegated from the Barclays Premier League amid financial strife last season, during which they were docked nine points for falling into administration.

The club remains in administration.

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#Portsmouth
#Championship
#Premier League
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