Pompey allowed to sell players outside transfer window
Portsmouth have been given special permission by the Premier League to sell players outside of the transfer window to ease their financial crisis.
Pompey, who had nine points deducted for going into administration, can sell stars on condition they cannot play for another Premier League club this term.
They have debts of about £60m and have laid off 81 staff to cut their costs.
Administrator Andrew Andronikou said: "This decision gives us another option. I'm not expecting an exodus."
Pompey are bottom of the Premier League and virtually certain to be relegated, but Andronikou said there was no immediate need for cash given the income generated by their run to the FA Cup semi-finals.
He added: "The club is now stable and we have control of the cash flow and we are looking at all aspects of its overheads and stripping out unnecessary costs to make it a viable business.
"But the club still needs to play football, it still has a fixture list to fulfil and an FA Cup semi-final to play and hopefully a final to get into. I don't want to interfere with [manager] Avram Grant's plans.
"If there was an opportunity I wouldn't sell more than one or two players.
"This decision is a good one in that it effectively gives us a head start into what we could realise in terms of transfers from our squad of players."
The Premier League's decision is a turnaround after it rejected Pompey's initial plea in February.
But in a statement on Wednesday, the Premier League said it had reconsidered after a board meeting last week.
A Premier League statement read: "The Premier League board meeting that convened last week 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.
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.