20 Apr 2013

Portsmouth move out of administration

2:01 pm on 20 April 2013

The southern English football club Portsmouth has come out of administration and is now officially owned by the Pompey Supporters' Trust.

The League One, or third division club's joint administrator Trevor Birch says they have cleared the final hurdle, as all of the paperwork has now been signed and the sale concluded.

The PST's purchase of the club ends 14 months of administration for Portsmouth, who earlier this week were relegated to the Football League's fourth and lowest division, League Two, having been in the Premier League in 2010.

The Football League must now decide when to deduct 10 points from Portsmouth, the 2008 FA Cup winners, for officially coming out of administration.