Portsmouth FC avoids liquidation after securing player agreements

Image: Portsmouth FC has now avoided liquidation

Portsmouth Football Club (PFC) has avoided liquidation after administrator Trevor Birch confirmed agreements with all first team squad players has been completed.

The departure of the first team players had been a major condition of an offer for the club from Portpin, which underpinned PFC's Company Voluntary Arrangement proposal.

Birch said: "We will now aim to finalise our discussions with Portpin with a view to completing the sale of the club as soon as possible."

• A proposed takeover of Leeds United Football Club (LUFC) by an unnamed group of investors has "collapsed", according to Leeds United Supporters' Trust.

The npower Championship club has released a statement confirming that it is no longer in an exclusivity period with a potential investor and is receptive to new approaches.

An LUFC spokesperson said: "The club remain happy to continue discussions, but not on an exclusive basis, so as not to prevent other options passing."

Click here to read more from Trevor Birch on the agreement that has now saved PFC from liquidation and click here for LUFC's statement.

Click here for Leeds United Supporters' Trust's announcement.

Image: Ben Hardinge/Flickr