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Portsmouth administrators to sell club to Pompey Supporters' Trust

Portsmouth administrators announce that a deal to sell the club to the Pompey Supporters' Trust is in motion.

By Danielle Joynson, Staff Reporter

Published: November 15 2012 | 09:20

Last updated: November 16 2012 | 11:08

Portsmouth agree sale with Supporters' Trust

Portsmouth administrators have confirmed that they have reached a conditional agreement with the Pompey Supporters' Trust over the sale of the financially stricken club.

PFK partner and joint administrator Trevor Birch claimed in October that the administrators intended to sell to PST and the 54-year-old is hopeful that the deal will be completed swiftly.

A statement on the club's official website said: "We can confirm that we have signed a sale agreement with the Pompey Supporters' Trust (PST) to acquire the business of Portsmouth Football Club.

"Portpin has rejected the Trust's offer for Fratton Park, so the sale has to be conditional on receiving the Court's permission to sell the ground. We are therefore in the process of submitting an application to the Court.

"I'm sure every member of staff, every player and every supporter will join me in wishing to see a speedy resolution to what has been a protracted administration."

Portsmouth fell into administration in February.

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