A group of football supporters have been given the go-ahead to take over the running of Portsmouth Football Club after a High Court hearing.
The Pompey Supporters’ Trust’s will take ownership of the League One club.
An agreement has been reached between Portpin, which holds a financial charge over Fratton Park, and the club’s administrators BDO (formerly PKF).
Portsmouth have been in administration since February 2012.
Ashley Brown, chairman of the Pompey Supporters’ Trust, said: “This is an historic day for Portsmouth Football Club and for Pompey fans everywhere.
“At last, the tough work done over the last year is over and we can start to rebuild our club.
“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 detail of today’s (April 10) 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. Play up Pompey.”