Portsmouth are set to exit administration.

The Daily Mail says Portsmouth's creditors have voted overwhelmingly in favour of a deal which should see the club exit administration.

A total of 81.3per cent of the creditors voted in favour of the Company Voluntary Arrangement (CVA) which will see them receive only 20p for every pound they are owed over the next five years.

That would allow the club to come out of administration and avoid any points deduction in the Championship next season.