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The following has been released as an official Pompey statement on the club website

Portsmouth Football Club can confirm that agreement in principle has now been reached between the Administrators, prospective new owners and The Football League over the four further requirements that were notified yesterday, and that need to be satisfied before the transfer of The Football League share to the club can be approved.

The necessary additional documentation is now being worked on so that the transfer of The Football League share can take place once these conditions have been fulfilled.

This will then allow the sale of the club by the Administrators to the new owners, at which point Pompey will exit administration.

Portsmouth Football Club would like to thank supporters for their patience, steadfastness and loyalty as the club look to complete this complex process over the coming days.

Click here to join in the debate on the club forum.

Date:Friday October 15 2010
Time: 8:43PM


Paul is this the news we have been waiting for? I do really hope so after the rumours that have been circulating about possible closure next week. Skin of the teeth seems the only possible statement!!
16/10/2010 00:18:00
Thats all very nice, but in this new age of transparency, why have we not been informed as to what the four requirements are? What "necessary additional documentation"? When was it asked for? Surely not on Thursday, the actual day of the meeting? Why are we now faced with this complex process when Lampitt told us just a few days ago, it was in the bag - at the second attempt no less. WOT IS GOING ON??????
16/10/2010 00:25:00
Gandor,WOT IS GOING ON?????. A lot, with a complete lack of communication between parties concerned.
16/10/2010 09:55:00
According to the sun it is a done deal and that means we can start dreaming again of our next meeting. When soever that may be. Good news and now Chainrai just has to provide SC with some funds for January.
SFC Forever
16/10/2010 10:00:00
Let's hope they get it right this time. Do we then have to wait a month for the next FL meeting?
16/10/2010 10:27:00
AA faced down the FL over the £15M, annoying as that man is he wins the one 's that count. Onwards and upwards! PUP
16/10/2010 11:14:00
We can all dream and if I ever win a huge amont of money, I will buy the club and give it back to the fans. Afterall they seem to know more about Pompey, have the passion, and support through thick and thin. The moral fibre of this club has never been in the boardroom but lies out there in the old terraces...
16/10/2010 13:17:00
I agree things are not ideal, but just for once, lets not put all the blame at the feet of the Pompey board. Lets not make the mistaker of thinking that the football league are anything other than inept when it comes to financial matters. The FA and Football League are equally clueless which is why, even when they try to apply their "fit and proper persons" criteria to prospective owners, they get it totally wrong on so many occasions. I personally wouldn't trust the Football League (or the FA) to run a bath, let alone football!
17/10/2010 11:24:00
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