Balu Chainrai has confirmed he is withdrawing his bid to buy Portsmouth to leave the troubled League One club in danger of liquidation.
PFA chief Gordon Taylor has warned that all those involved with Portsmouth will need to "take a hit" on the money they are owed if the club is to survive.
Aaron Mokoena is desperate to see Portsmouth survive administration - for the sake of their long suffering fans.
The Football Creditors Rule could 'destroy' Portsmouth FC, it has been claimed by tax authorities.
Portsmouth's administrator Trevor Birch remains hopeful that the Championship outfit will not have to go into liquidation.
Portsmouth administrator Trevor Birch admits the club's financial troubles are likely to get 'scary' once the 2011/12 campaign comes to a close.
Michael Appleton is dreaming of a day when he can manage Portsmouth without having to worry about off-field problems.
Pini Zahavi claims to be 'a victim' of the financial turmoil at Portsmouth and accepts no responsibility for the club's current plight.
Reading have signed midfielder Hayden Mullins on loan for the remainder of the season as the financial crisis continues to bite at Portsmouth.
Jason Pearce talks financial troubles and hopes for a brighter future at Portsmouth with Chris Burton.
Portsmouth keeper Stephen Henderson is set to join West Ham on loan, while midfielder Hayden Mullins is also poised to leave Fratton Park.
Brighton manager Gus Poyet believes clubs that go into administration should be dealt with more severely and be automatically relegated.
Sky Sports understands Watford and Ipswich are battling it out to sign Portsmouth defender Joel Ward.
Portsmouth have been granted a lifeline by the Football League which should allow the stricken Championship outfit to complete the season.
Rob Parrish looks at the sorry state of affairs which has seen Portsmouth pushed to the precipice.
Portsmouth's administrator Trevor Birch has held talks with former owner Balram Chainrai about saving the stricken Championship club.
Portsmouth midfielder Luke Varney remains confident that the Fratton Park club can be saved from financial oblivion.
Portsmouth goalkeeper Jamie Ashdown has revealed how administrator Trevor Birch explained the dire situation at the club to the players.
Balu Chainrai would be prepared to write off some of the money he is owed by Portsmouth to ensure their survival.
Balu Chainrai has told Sky Sports News HD that he would be prepared to take control of Portsmouth again - if it prevents liquidation.
©2017 Sky UK