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
House prices in the south-east are expected to rise by 5% in 2015, fuelled by the recent change in Stamp Duty tax rules
Friday morning's forecast for the west of the region
Friday morning's forecast for the east of the region