An extradition hearing for the former Portsmouth Football Club chairman Vladimir Antonov has been adjourned for six months.
Pompey fans have been given a massive boost today having been named as preferred bidders to buy their club.
Portsmouth Football Club could face liquidation after the former owner withdrew an offer to buy the side. A fans' consortium bid remains.
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.
Click video: Sarah Gomme reported on the Pompey victory at the High Court, and Andrew Pate reported live from Fratton Park.
Click video: ' Play up Pompey' echoes around the High Court building as the Portsmouth Supporters' Trust and fans celebrate today's decision.
Click video: All the emotion of the day is captured in this interview with Portsmouth Supporters' Trust board member Pam Wilkins.
Pompey fans are delighted that supporters will run the club. We have interviews around Fratton Park.
Ashley Brown, Chairman of the PST, said: “This is a historic day for Portsmouth Football Club and for Pompey fans everywhere.
"Pompey fans are now days away from owning and running our club and becoming the biggest community owned football club in the country.
"We have a lot of people to thank, and much more to say, but will do that once the details of today’s settlement are finalised.
"For now, we would like to offer heartfelt thanks to Pompey fans all over the world who have pledged money and have saved our club from liquidation.
"Now the next chapter of hard work begins to transform our club into something the community of Portsmouth can be proud of, both on and off the field.
Portsmouth Supporters Trust celebrate the news that the fans will take over the club.
Portsmouth administrator Trevor Birch talks to reporters outside the High Court, moments after the news that fans would be allowed to take over the club.
A takeover bid by fans of Portsmouth Football Club is set to go-ahead.
A deal has now been struck with the club's former owner, Balram Chainrai over the value of the Fratton Park ground which will allow the stadium's sale.
The decision at the High Court means that the Pompey Supporters Trust, which is made up of a fans co-operative, can proceed with their takeover bid.