Fans of Portsmouth FC have continued their celebrations after the club's Supporters' Trust learnt it can take over the club.
The Trust announced today that it will appoint Mark Caitlin as Chief Executive under the new regime. The 47-year-old has been working with Trust members at Fratton Park for the last few months. He will fill the role previously taken by David Lampitt.
The Portsmouth Supporters' Trust is receiving a loan of £1.45m from the City Council. The Trust will pay the money back in full after five months in charge.
The council agreed to provide the money because administrators must file papers to the High Court today. The council heard that Pompey's financial situation had shown a great improvement.
Colin Farmery from the Pompey Supporters' Trust has responded to a revised bid for Portsmouth Football Club from the financier Keith Harris. In Harris' revised offer, Portsmouth Football Club fans would be given 15% of the shares in the club for free.
However Farmery said the announcement made today came under curious timing, when the Football League had already made clear that it wanted the Pompey Supporters' Trust to own the club. Farmery said that fans were already on the way to owning the side completely.
The future of Portsmouth football club remains unclear tonight after a court hearing relating to a takeover bid was adjourned yet again.
The club - which is struggling near the bottom of League One - was placed into administration earlier this year. Richard Slee sends this from the High Court in London.
In a statement this evening, Portpin - the company run by former owner Balran Chanrai - has called for the administrators to be replaced as they say their case is fundamentaly flawed. The firm has offered to take over the running of the club and fund the administration costs themselves.
The hearing to determine the proposed sale of Fratton Park, scheduled for December 13 and 14 at the High Court in London, has been adjourned for a second time. More as we get it.
Kate Bunkall has our report on the latest in the sage of Fratton Park.
A court hearing on the future of Portsmouth Football Club's Fratton Park ground has been postponed until tomorrow.