Date: 23rd October 2010 at 4:05pm
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If the news is all true, the exit from administration should be sanctioned next week, a disasterous period in our history can then be put to bed and we can look onwards and upwards.

SkySports quotes Gaydamak’s man as saying
Tim Stocks of Gaydamak’s lawyers Taylor Wessing believes the situation could be resolved by the end of Saturday.

Stocks says there were merely some technical details to be agreed – which he did with Portsmouth’s administrator Andrew Andronikou on Friday night – and that there was never any threat to the club.

‘I will be talking to Sacha tonight and recommending the documents are signed,’ he said.

Baffled
‘There was never any demand of £2.5million being paid in cash – there were five or six highly technical points on some of the contracts which I had agreed with the administrator.

‘I was baffled and saddened therefore to see announcements saying the club was at the brink, it has caused anxiety for no good reason.

‘My instructions are to work towards trying to get an agreement tonight and I hope to do so.’

Under the deal, Portsmouth will pay Gaydamak £2.2million in instalments over the next five years.

Stocks added: ‘This is a transaction that works for all creditors as well as Sacha so I’m hopeful we will get the paperwork signed. I would like to reassure Portsmouth fans that the club is not on the brink.’