Portsmouth are confident that the transfer ban imposed on the club by the Premier League will be lifted within the next few days.
The club, currently bottom of the league after a turbulent start to the season, were banned from making new signings until they settled transfer debts owed to other English clubs.
The ban related to outstanding debts that Pompey owed to Arsenal and Chelsea for the signings of Lassana Diarra and Glen Johnson respectively.
However Portsmouth’s minority owner Suleiman al-Fahim believes the transfer ban will be lifted early this week.
‘The club has made the revenue payments and the embargo will be cleared by Tuesday or Wednesday. The club will start to become stable by the end of this week. The threat of petition is no longer there.’
Al Fahim, who sold 90% of the club last month, added that the new board would have their first meeting on 1st December and said he would return property rights to the club so that they could ‘upgrade the current stadium’.
The club was sold to Saudi businessman Ali Al Faraj last month after Al Fahim had struggled to refinance the club’s debt.