REPRESENTATIVES of former Pompey Balram Chainrai have said the businessman will not see the football club liquidated.
Chainrai would stand to lose the £17m he is owed as a secured creditor from his previous spell as Blues owner if the worst were to happen.
But his team have told fellow creditors at a meeting at Fratton Park the Hone Kong based businessman will not allow Pompey to be liquidated.
Administrator Trevor Birch said that liquidation would see the ground become asset of liquidators and they will sell it as they see fit.
In March Chainrai told Sky Sports: ‘I will definitely make efforts to become a reluctant owner, again, until a proper owner can be found.
‘I will do my best not to allow him (Birch) to liquidate the club.’