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9 September 2010  
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Storrie: Portsmouth “good value” 
 08/02/2010
 
 
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Portsmouth chief executive Peter Storrie believes the club represents “good value” for a prospective new owner.

Balram Chainrai, who took over 90 per cent of Portsmouth’s shares from Ali al-Faraj last week, has made it clear he has no interest in owning the club and wants to find a buyer as soon as possible.

Portsmouth is facing a winding-up order on Wednesday (Feb 10) at the High Court and is likely to enter administration unless a new source of finance can be found before then.

Storrie, who has been assured that his position is safe for now, told ESPN Soccernet: "There's interest already. We are working on it, talking to interested parties. I have been talking to someone for some time and now there is another party interested. I would expect a new owner in place shortly.

"It's certainly good value. The club will go for nothing. The new owner would, though, have to take on the debt, and excluding the money owed to [former owner] Sacha Gaydamak, the debts are down to £25m, and most of those are normal footballing debts."
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