Gaydamak ready to make Pompey exit

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Gaydamak revealed he has already rejected two offers as he seeks to ensure he finds the right buyer for his club. To satisfy Gaydamak's conditions of sale, any prospective new owner will need to commit to building a new stadium and training ground.

"I have come to realise over a period of time that I can no longer invest the time required to oversee the running of the club," Gaydamak told the Sunday Mirror.

"I think it's only right to consider the sale of the club to a group or individual who can come in and invest the time and money to ensure the club reaches its true potential."

Pompey have long been linked with a move away from Fratton Park, and Gaydamak added: "First and foremost, it is far more important for me to find the right buyer - with the club's best interests at heart - rather than sell out at the first opportunity."

Potential investment from South Africa has been among several sources of interest previously reported should any sale go through for last season's FA Cup winners.

"Making money from the sale of the club does not interest me," Gaydamak insists.

He added: "We are not in financial meltdown, and it is nonsense to suggest we have to start selling key players."

That statement should assure manager Tony Adams ahead of the January transfer window, and Gaydamak has stressed he will not rush through any sale of Portsmouth.

He said: "As regards the stadium and new training ground it is sensible to re-evaluate things in the current market, but I stress that it is imperative that they go ahead. Until I find a buyer who will give me cast iron assurances that this will be the case, I will remain at the club."