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
Saturday's weather for the east with Philippa
Saturday's weather for the west with Philippa
Saturday morning's weather for the east of the region