Portpin has suspended its bid to buy Portsmouth and has warned there is a "very real risk" of the npower League One club being liquidated unless there is a resolution soon.
The largest creditor in the Portsmouth Football Club (2010) administration have held discussions over a sale and purchase agreement with administrators PKF which it claims is "ready to complete within a matter of days".
Trevor Birch, of administrators PKF, withdrew preferred bidder status from Portpin three weeks ago and named the Portsmouth Supporters' Trust (PST) as the preferred bidders.
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