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
That Was The Month That Was...
The family of a mother and son killed in a crash on the Sheppey Crossing say the road is dangerous - and warned that more people will die.
If you spotted a rather threatening looking tornado looming over your head today don't be alarmed.