Former Portsmouth owner Balu Chainrai has said that he is prepared to take up ownership of the club again if it prevents liquidation.

Pompey are in danger of extinction but Chainrai, who sold the South Coast club to Convers Sports Initiatives (CSI) last year, is ready to meet administrator Trevor Birch for crisis talks.

"I will definitely make efforts to become a reluctant owner, again, until a proper owner can be found," the Hong Kong-based businessman told Sky Sports News. "I will do my best not to allow him (Birch) to liquidate the club."

"I have to sit down and see if the administrator is going to contact me and tell me how much money is required for me to make my calculations to see whether I would be prepared to put in what is required," he added.

Birch, in response to Chainrai's comments, said that he would be "more than happy" to meet the 52-year-old and he was "working day and night" to save Portsmouth.