1 Mar 2010Cattermole 'still interested' in Portsmouth deal

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Victor Cattermole has said that he remains hopeful of completing a takeover at Portsmouth.

The south coast club became the first English Premier League outfit to go into administration last week and have estimated debts of £70 million.

Cattermole's company Endeavour Plan was unable to reach an agreement before the administration deadline on Friday (February 26th), but the New Zealand businessman has insisted that a deal remains on the cards at Fratton Park.

"We're still interested in buying Portsmouth," Cattermole told reporters today.

He added: "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 is sorted out."

Meanwhile, administrator Andrew Andronikou has revealed that Portsmouth intend to formally challenge the nine-point penalty facing the club.

Speaking to BBC Radio Five Live, he said that legal advisers have indicated that there is a "slight opportunity" of avoiding the deduction, which is applicable under English Premier League rules.

If Portsmouth are docked nine points, they will face almost certain relegation despite Saturday's 2-1 win at Burnley.

Written by Tom Jenkins

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