Portsmouth's administrators have nominated Portsmouth Supporters Trust (PST) as their preferred bidder to take over the npower League One club.
Administrators PKF have been seeking a new buyer for the club since it was placed under its control in February with debts of £61million.
Trevor Birch, PKF partner and joint administrator of Portsmouth, said in a statement released to Press Association Sport: "After extensive discussions over the past few weeks, we have today nominated Portsmouth Supporters Trust as the preferred bidder for Portsmouth football club. We will be working with the Trust, the Football League and the Professional Footballers' Association to conclude the sale of the club as soon as possible."
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