The Portsmouth Supporters' Trust is receiving a loan of £1.45m from the City Council. The Trust will pay the money back in full after five months in charge.
The council agreed to provide the money because administrators must file papers to the High Court today. The council heard that Pompey's financial situation had shown a great improvement.
More top news
Wednesday morning's weather for the west of the region
Wednesday morning's weather for the east of the region
Tuesday night's weather for the west of the region