New Zealand businessman Victor Cattermole is still interested in buying Portsmouth, despite the Premier League’s bottom club entering administration and facing the prospect of a nine-point deduction.
Pompey, who faced a winding-up petition issued by Her Majesty’s Revenue and Customs over a multi-million pound tax bill, went into administration on Friday to avoid going out of business.
But the club’s situation have not deterred Cattermole and his Endeavor Plan consortium, who were also interested in a takeover deal prior to the club going into administration.
“We are still interested in buying Portsmouth,” Cattermole told Sky Sports: “We still have to carry out due diligence and see what is owed, what is expected to be paid for it and what the value’s going to be once the whole issue of relegation and the nine-point issue is sorted out.”
The club’s chief executive Peter Storrie and current owner Balram Chainrai demanded proof that funds were in place for the purchase before agreeing to the sale.
But Cattermole said: “We provided evidence of an offer for a bank facility of €200 million last Tuesday to Peter Storrie. That was obviously not disclosed to any of the media.
“We also wrote to them advising that we were strongly opposed to administration but they had a path they were on and it didn’t matter what we said, that wasn’t going to change.”