Pompey want proof of funds

His request follows reports that businessman Rob Lloyd, who

appeared on TV’s Secret Millionaire, is tabling a bid to rescue the

cash-strapped club. Lloyd is said to be heading a multi-national

consortium keen on taking over the Fratton Park outfit. He is

believed to have offered an initial £10million lump sum, with

funds from a New York hedge fund to cover the club’s debts which

are believed to be in the region of £80million. Pompey’s

administrator has said that any prospective buyer must have proof

of funds totalling at least £30million for him to consider a

deal. “They only came to the table on Friday but they are making

all the running,” he said of the consortium headed by the Cheshire

property developer. “I’ve seen documentary evidence that they have

the funds available and I have asked for a non-refundable

£3million-per-month deposit.” The consortium is thought to

include businessmen from South Africa and Liechtenstein who would

be guaranteed 14-days exclusivity should they agree to the initial

payments. Speaking of his takeover intentions, Lloyd said he needs

the fans on-board for his bid to be successful. “I can’t do this

unless I know I have the fans onside,” he told The News of the

World. “It cannot be a hostile bid.” He added: “I’ve been asked to

get involved with this and I know for sure that the money is there.

“This is a huge representation. We’re talking billions of pounds.

“We want to completely rebuild and get to understand the soul of

the club. “It will take time but I am a fighter and I love a

challenge.”