Portsmouth's major creditors have denied taking any money out of the stricken Championship outfit and accused the club's administrators of not doing enough to avoid the possibility of liquidation.
Pompey's financial position has been the stuff of nightmares since 2009, with present administrator Trevor Birch stating that the club have insufficient funds to get through the season. They face a very real possibility of becoming the first professional club in England to go out of business in the middle of a season since Aldershot in 1992.
Much of the blame has been placed with Portpin Ltd shareholders Balu Chainrai and Levi Kushnir, whom are alleged not to have the club's interests at heart. However, the pair said in a statement: "Portsmouth FC has reached a critical juncture. It is with an increasing sense of real frustration that we feel the process of finding an equitable solution is being derailed."
Copyright (c) PA Sport 2012, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: https://www.givemesport.com/writeforgms