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
Heathrow Airport has revealed some of the most popular goods flying through the airport this Christmas.
A man has been arrested on suspicion of murder after a 25 year-old woman died in Thatcham this morning.
A number of schools remain closed in Oxfordshire on Tuesday due to icy conditions. The Met Office has issued a weather warning for ice.