Pompey Supporters' Trust have said Portpin's withdrawal to buy the financially-stricken club is 'the moment we have been waiting for'.
The League One club have already pledged almost £2million
Pompey Supporters' Trust - Portsmouth's sole hope for survival - have reacted to the news of Portpin's withdrawal to buy the financially-stricken club by declaring 'this is the moment we have been waiting for'.
Balu Chainrai's company Portpin on Wednesday morning announced they had pulled the plug on their bid for the troubled League One club.
Chainrai listed a number of reasons behind his decision, most notably a lack of support and co-operation from administrator PKF and other involved parties, but went on to state "we welcome and will assist anyone, including the Supporters' Trust, to try and save the club in the coming days".
Portsmouth administrator Trevor Birch revealed he
is keen to set up a meeting with the Supporters' Trust and Chainrai's company to save the club.
The Trust are ready to step up in the hour of need and now need to come up with the necessary funds to turn the South Coast outfit into a community-owned club.
"This is the moment we have been waiting for," spokesperson Colin Farmery told
www.pompeytrust.com.
Pivotal
"Fans need to be ready to come up with the money they have pledged. It is a pivotal moment in the club's history.
"We welcome the fact Portpin have stated they want to want to help save the club. It is in no-one's interests Pompey are liquidated.
"I am certain Pompey fans, the city of Portsmouth and the wider football family will be able to do what is needed to make Pompey the biggest community club of its type in the UK."
The Trust insist fans have already pledged almost £2million and a combination of associate directors and individual investors another £1m.
