Portsmouth City Council will sit for an emergency meeting later to decide whether the authority should lend the Pompey Supporters Trust almost one and half million pounds.
The trust would use the short-term loan to increase their bid for Portsmouth Football Club. The team faces liquidation if a deal with some senior players cannot be reached by tomorrow.
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A group of divers have commemorated one century since the end of World War One by hanging a plaque on the bow of a shipwreck off Shoreham.