Here are some of the vital questions about Pompey’s future.
Q Who is in pole position to take over?
A Final negotiations are taking place with Pompey administrators PKF and Balram Chainrai’s company Portpin. The deal to take over at Fratton Park could be finalised within 24 hours.
Q What about the Pompey Supporters’ Trust?
A Councillors agreeing to the loan request handed the trust’s takeover efforts a huge boost.
But if Mr Chainrai takes control of the club for a third time, the trust will have to negotiate with him if they are to take the reins.
Q What happens if Portpin pulls out?
A PKF says the trust would be in pole position and sees its bid as a ‘credible’ option.
Q Does the supporters’ trust have a chance in negotiating with Mr Chainrai?
AMr Chainrai is owed around £18m due to his charge over Fratton Park. The trust is offering £2.75m for the ‘uncumbered freehold’ of the ground.
However, Mr Chainrai told The News he would be happy to negotiate with the trust if they have the appropriate funds.
Q Has the trust got enough cash?
A The trust claims it has raised £3m in pledges from fans and £1m in deposits. It says there are ‘high net worth’ individuals willing to invest six-figure sums into the bid.