Portsmouth's fight for survival will go to the wire but a takeover by fans is feasible, the club's administrator has said.
However, Trevor Birch, head of PKF insolvency practice, warned that liquidation remained a real threat. A takeover by a Portsmouth Supporters' Trust (PST) share scheme may be possible if two or three "high net worth" individuals or the city council back the plan, Birch said.
The Trust could also mount a rescue bid if Pompey do go into liquidation and form a new club playing lower down the league pyramid. Former owner Balram Chainrai may also contemplate another takeover to try to recoup the £17million he is owed, while two other interested parties - one English, one from overseas - have yet to provide any proof of funds.
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