New Zealand businessman Victor Cattermole has revealed that he is still interested in buying Portsmouth even after the club confirmed last Friday that it would have to move into administration.
Cattermole's Endeavor Plan consortium was one of the four groups that were reportedly interested in taking over Pompey last week only to fail to complete a deal in time.
He told Sky Sports News:"We're still interested in buying Portsmouth. We still have to carry out due diligence and see what's owed, what's expected to be paid for it and what the value's going to be once the whole issue of relegation and the nine-point issue is sorted out.
"We provided evidence of an offer for a bank facility of 200million euros last Tuesday to (chief executive) Peter Storrie.
"That was obviously not disclosed to any of the media. We also wrote to them advising that we were strongly opposed to administration but they had a path they were and it didn't matter what we said, that wasn't going to change.
"We wouldn't have bought it – administration was unfortunately inevitable because we couldn't have carried out due diligence and negotiated prior to the liquidation hearing.
"Sadly administration was the only option and the revenue department, as late as Friday morning, were adamant that there was nothing that could be negotiated with anyone that would stop them taking their action.
"So unfortunately, because of that, administration was really the only option to save the club."
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