It looks as if one of South Africa’s largest Gold Mining Company, Central Rand Gold might be on the verge of purchasing Premiership side Portsmouth in a 70 Million Pound bid.

Chief Executive Greg James has held a series of meetings with Portsmouth owner Alexandre Gaydamak over the purchase of the club from Devondale Investments, the holding company in charge of Pompey that would see the 32 Million Pound debt would be wiped clean.

image via TheCapitalGoldGroup