The Pompey Supporters' Trust are edging closer to taking control of financially stricken Portsmouth by exchanging contracts with the club's administrators.

The fan group, who have been in the running to takeover the League One outfit since the club fell into administration in February last year, will complete the deal subject to a court hearing regarding the sale of Fratton Park.

Joint administrator and partner at PFK Trevor Birch said in a statement on the club's official website: "We can confirm that the administrators have now exchanged contracts with the PST for its purchase of Portsmouth Football Club.

"Completion is conditional only upon the Court sanctioning the sale of Fratton Park and the Football League transferring the membership share."

PST chairman Ashley Brown said: "We are on the verge of creating football history. Several thousand fans are already part of that and we urge others to now join us so that they to will own a part of their club."

The High Court hearing regarding the stadium is expected to be conducted on April 10 or 11.