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.
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Streets around a Dorset cul-de-sac have been cordoned off by police investigating the shooting dead of a householder by armed intruders.