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Another reprieve for Truro City

It may seem  a bit like the condemned man who has become a fixture on death row being given another short stay of execution, but the latest news about Truro City does offer a slim hope that they might escape extinction.

Truro City given deadline

Truro City FC have been given until 5 p.m. on Thursday to satisfy the Conference that they can see out the season or they will be removed from the Blue Square South.   The club has asked that the criteria be kept confidential for reasons of commercial sensitivity.   City's players have not been paid for several weeks.

Port Vale sale in October?

The administrator of Port Vale, Bob Young of Begbies Traynor, is hopeful that a deal that can take the club out of administration will be agreed in October.   Three contenders have emerged to buy the club with others in the wings.

In March Lancashire businessman Keith Ryder was named as preferred bidder with a proposed £1.3m deal.  When it collapsed last month, the administrator said that he had never known this to happen at such an advanced and late stage.

Fifth bid made for Portsmouth

A fifth formal bid has been made for Portsmouth by Portco Ltd., a group of UK investors fronted by Scottish businessman Harry Kerr.    Kerr is the director of a successful financial services company called Avalon and is a fan of Hibernian and Arsenal.

The group has produced proof of funds.  It is believed that they are interested in the 'sleeping giant' potential of the club and the possibility of redeveloping Fratton Park.   That is, however, linked with 10 acres of car park and office space to the north and west of the stadium.

New bid for Portsmouth

A new bid to acquire Portsmouth FC has been submitted by former Watford owner Laurence Bassini.   However, it has come late in the day and is not seen as a 'game changer'.

Truro's troubles continue

Truro City has put out a desperate appeal to fans to come to the game on Saturday so it can continue to operate.  The administrators in charge of the club said the gate receipts were its only income.

Middle East bid for Pompey

Rumours of a bid by a Middle East consortium for Pompey have been confirmed.   They will need to put a credible bid together quickly, as the other two bidders, former owner Balram Chainrai and Portsmouth Supporters' Trust, have been given until this Friday to finalise their bids.

Truro City in administration

Truro City have been placed into administration, but the move may have come too late and the club could disappear.   They face a winding up order in the High Court tomorrow from Revenue and Customs for £15,000 before costs and the patience of the tax authorities is running out.

Meanwhile, the club's players are turning out for free to aid its battle for survival.   However, they said they would not turn out for yesterday's match against Boreham Wood (which they won 2-0) unless steps were taken to place the club in administration.

Chainrai back in at Pompey

After storming off in a huff last week, Balram Chainrai has once again lodged a bid for Portsmouth. Given his financial entanglement with the club this was always likely.  He is owed £17m and holds Fratton Park as security.

Pompey on brink again as Chainrai pulls out

Portsmouth FC face liquidation once again after Balram Chainrai's Portpin vehicle withdrew its bid for the club. Portpin blamed the administrators for spending £12m of parachute payments on their fees and payments to players.  They also complained about negative criticism and lack of support from the fans of the club.