The Premier League has issued a statement regarding Portsmouth FC.
The Premier League Board meeting that convened 4 March 2010 to consider the administration of Portsmouth FC dealt with a number of matters beyond just the application of the sporting sanction (deduction of nine points).
In accordance with Premier League rules, postponement of the suspension of Portsmouth FC as a member Club was conditional on a number of undertakings being given by the administrators.
These have now been received to the satisfaction of the Board and therefore it has decided to allow Portsmouth FC to make player sales under the following circumstances:
- Players may be sold to other Premier League Clubs but may not play first team football for the new Club before the end of the season.
- Players may be sold to a Football League or foreign club, subject to FIFA's approval.
- Portsmouth FC may enter into an agreement with another Premier League, Football League or foreign club that a player will be transferred to that other club in the summer.
