Birch: ‘I am please to announce that we have reached an agreement with Portpin and the PST, which paves the way for the PST to complete its purchase of Portsmouth Football Club.
‘We were appointed to secure the best deal forcreditors, and today’s developments enable us to fulfil that obligation.
‘It is gratifying that both the PST and Portpin have worked hard to reach an agreement that safeguards the club’s future without the need for a court decision.
‘This is the best possible solution for everyone involved.
‘We will now work with the PST, Portpin and the Football League to conclude the deal as quickly as possible in order to enable the new owners to begin the urgent task of rebuilding the club.
‘The past year has been incredibly challenging for everyone involved in the club - fans, staff and players - and I would like to thank them for their support.
‘They deserve credit for keeping Portsmouth Football Club alive despite what, at times, seemed like insurmountable obstacles and I’m sure that their actions will inspire supporters’ groups at other clubs in the future.’
Don’t miss The News tomorrow for comprehensive coverage of today’s momentous events