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The Pompey Supporters Trust says it needs 1,000 more pledges to have any real chance of taking over - each fan's being asked to put up £100.
The Pompey Supporters Trust has started the final stages of the community buy-out bid for Portsmouth Football Club.
Initial interest in the Pre-Share offer has been strong, but more pledges are needed in the coming 14 days in order to submit a formal bid.
If 1,000 more pledges from fans are received by the 15th May then that will confirm the bid is achievable.
The Pre-Share offer, launched on 30th March, was designed to see if sufficient funds could be raised from fans and local businesses to mount a sustainable and viable bid for Pompey.
12 Pompey players have already supported the plans with investment pledges.
Pompey administrator Trevor Birch has made it clear that the club will run out of money in June.
PST Chairman Ashley Brown commented; "We have had great support from players and fans alike, but need more support if we are to mount a viable bid for the club. The next 14 days will be crucial.
"If enough money comes in to make a bid viable, we will present our plans to investors and members for their approval before we go forth and submit a bid. Our precise targets are confidential - and we are sure fans will understand that as we go into a bidding process.
"We will share as much information as we can, and will not proceed without the approval of our investors and members. It is now or never for the PST bid - and we urge fans who are considering joining us to contact us, talk to us, and pledge. Time is running out for Pompey, and we are doing everything we can to save our beloved football club"
For further info go to www.communitypompey.co.uk