What next for Portsmouth?

Portsmouth entered administration for the second time in February 2012 however last week Portsmouth's administrators, PKF, confirmed that they have "nominated Portsmouth Supporters' Trust as the preferred bidder for Portsmouth Football Club" after the club's other bidder and also secured creditor, Portpin Limited, appeared unable to meet the requirement laid down within The Football League's Owners and Directors' test which prohibits an owner or director being involved with a football club that has suffered an insolvency event twice. Balram Chainrai, who owns and controls Portpin, was in control of Portsmouth when they entered administration in 2010 and appears to have been involved as a shadow director when the club entered administration again in February 2012 hence Portpin's inability to satisfy The Football League's requirements.