Cattermole revealed today that his Endeavor Plan consortium remain interested in buying Portsmouth despite the stricken club entering administration on Friday.

The group were one of four interested parties who failed with a last-ditch attempt to complete a deal for the Barclays Premier League's bottom-placed club.

A nine-point deduction is imminent but Cattermole is confident he will still want to invest once administrator Andrew Andronikou has finished his investigation of the accounts.

"We're still interested in buying Portsmouth," Cattermole told Sky Sports News

"We still have to carry out due diligence and see what is owed, what is 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.

"My solicitor in London has been in discussions with Andrew as recently as (this morning).

"Once Andrew's got his head around all the administration issues and can put a pack together of what is really the situation, I'll be heading up to London. We'll be sitting round the table to see if we can put a deal together.

"I think (the chance of a deal) is quite good because I really don't think the situation is as bad as people would think."

Cattermole was hoping to come to Portsmouth's rescue last week but insisted there was insufficient time to complete the necessary paperwork.

The reason given for the lack of a sale was none of the parties involved in the talks had provided chief executive Peter Storrie and current owner Balram Chainrai with proof that funds were in place.

That ruled out the prospect of a deal being completed before a winding-up hearing scheduled for today.

Cattermole claimed administration was ultimately the only viable option.

"We provided evidence of an offer for a bank facility of 200million euros last Tuesday to Peter Storrie, That was obviously not disclosed to any of the media," he said.

"We also wrote to them advising that we were strongly opposed to administration but they had a path they were following 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."

Portsmouth, four points adrift at the foot of the table, are already precariously placed before factoring in the nine-point deduction.

Cattermole insists relegation, which appears unavoidable, would have a significant impact on the value of the club.

"Obviously if the club gets relegated then a lot of the income in the next seasons is compromised. The club has to be cheaper because it's been devalued," he said.

Cattermole's reported criminal record could affect his chances of passing the Premier League's fit and proper persons test.

And, though he is planning legal action over certain allegations in the press in his homeland, he did acknowledge that the New Zealand Securities Commission have been moved to investigate some of his investment schemes.