Pompey creditors accept Balram Chainrai's offer
In the two-hour meeting held at Fratton Park this morning, Portpin - which is owed around £18m - waived exclusivity, paving the way for bidders to come forward.
This means the Pompey Supporters’ Trust can pursue their bid for the club.
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Hide AdHowever, an agreement must first be made with Portpin and former Pompey owner Balram Chainrai, which will involve either settling the debt in full, reaching a compromise or going through the courts.
Mick Williams of the Trust said he was pleased and that it was ‘a step in the right direction.’