Balu Chainrai of Portpin says: "Our discussions with the Football League have been positive and are progressing. As far as we are aware we have satisfied the majority of the criteria and we expect now to work through the last remaining points with the Football League in the coming days.
"We are very confident that we are in a position to complete the acquisition of Portsmouth Football club in the near future."
More top news
A court has heard how 13 year old Alexander Worth was killed when a high-performance Ferrari F50 crashed on a farm track in Hampshire.
Monday evening's weather for the west of the region
Monday evening's weather for the east of the region