Legal teams for Fabric and Islington town council are at an advanced stage of discussions to re-open the nightclub, claimed the Islington Tribune this morning.
Apparently a deal could be struck as early as next week if everybody involved is able to get a judge from Highbury Corner Magistrates’ Court to approve what has been laid out.
Both sides have refused to comment but neither have denied that the talks are taking place.
Although Fabric co-owner Cameron Leslie has revealed that a “non-disclosure agreement” does exist, stating: “I’m not at liberty to say whether [discussions] are being had or not.”
When questioned on whether he was hopeful the club could reopen, Mr Leslie said: “I hope so. We wouldn’t have appealed otherwise.
Saving Fabric would be good publicity for the council, which suffered a backlash over its decision from clubbers, DJs and politicians, including Islington South MP Emily Thornberry.
Almost £320,000 has been raised by Fabric supporters to fund the legal battle.
The nightspot has secured the services of leading licensing barrister Philip Kolvin QC.
A council spokesman said: “We don’t have any other comment ahead of the appeal, beyond our statement from September.”