PORTSMOUTH City councillors have unanimously agreed to provide a £1.45m loan to the Pompey Supporters Trust.
In a vote, the city’s elected members agreed to the trust’s bid for the cash which will allow them to move forward with their proposal to buy the club.
In the chamber the councillors stood to vote and there was a huge cheer when everyone voted in favour of providing the loan to the supporters’ trust.
Mick Williams, board member of the Pompey Supoporters’ Trust said he was absolutely over the moon.
He said: ‘I really thought it was going to be a tight vote and I’m so happy it was unanimous.
‘This was real community support for a community club.
‘Now Portpin know that we’ve got what it takes and they can’t ignore us.
‘The ball is in their court now. We’ve made an offer and we just have to wait and see.’
Summing up the debate, council leader Gerald Vernon-Jackson said he was glad all three parties had united behind the trust.
He said: ‘There is no blank cheque but there is a lifeline we are prepared to offer to the club.
‘This has not been an easy decision and I make no apologies for asking some difficult questions but this is the right decision to safe guard the club.’