Former Watford owner Laurence Bassini has submitted a bid to buy Portsmouth, it has been reported.

Bassini left Watford this summer and The News in Portsmouth has today reported that the Stanmore businessman submitted an offer for the financially-stricken club yesterday.

The newspaper does add, however, that Balram Chainrai’s Portpin and the Pompey Supporters’ Trust offers are ahead of Bassini's.

Both Chainrai and the Trust have been given an extension until Friday to complete their bids by administrators PKF.