Ashley Brown, Chairman of the PST, said: “This is a historic day for Portsmouth Football Club and for Pompey fans everywhere.
"Pompey fans are now days away from owning and running our club and becoming the biggest community owned football club in the country.
"We have a lot of people to thank, and much more to say, but will do that once the details of today’s settlement are finalised.
"For now, we would like to offer heartfelt thanks to Pompey fans all over the world who have pledged money and have saved our club from liquidation.
"Now the next chapter of hard work begins to transform our club into something the community of Portsmouth can be proud of, both on and off the field.
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After a dry start, sunshine will become increasingly hazy as cloud thickens, bringing patchy light rain to some parts.
After a dry and bright start across the region, sunshine will become increasingly hazy as cloud thickens.
Showers soon dying out this evening to give a dry night with some long clear spells and light winds.