The League Two side have confirmed negotiations are underway with both parties hopeful of agreeing a deal
Fairytale success might be about to return to Fratton Park, as Portsmouth enter talks with Disney's former chief executive over the sale of the club.
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It is less than 10 years since Portsmouth won the FA Cup and then took on Ronaldinho and AC Milan in the UEFA Cup, but the club have since fallen on hard times, tumbling through the divisions to find themselves in League Two.