The Pompey Supporters Trust today told a judge that its bid to buy the club is fully funded and ready to proceed.
Trust officials made the pledge in the High Court as the date for the valuation hearing on Fratton Park was set for April 19.
After the hearing, Ashley Brown, chairman of trust, said: ‘We are pleased our bid is proceeding. As presented in court today our bid is fully funded and ready to go and we hope a date can be found in the near future to resolved this matter so the Trust can start the job of rebuilding the club.
‘The Football League has also cleared up any confusion by making it clear for a third time that it will only consider a bid from PST.
‘Our bid has widespread support, including from Portsmouth City Council, our property partner Stuart Robinson, local and national politicians, Supporters Direct and, most importantly thousands of loyal Pompey fans who have backed the club financially when it needed it most.
‘They have done this by either buying shares, attending matches or, most importantly in the case of our high net worth investors, by underwriting the club’s losses in the autumn. Without them the club may have already disappeared.’