Administrators of League One Portsmouth - PKF - have named the Pompey Supporters' Trust as their new 'preferred bidder' to buy the financially-troubled club.
PKF will work with the PST and resume talks with the Football League to bring the club out of administration.
Balram Chainrai had previously been PKF's preferred bidder but it is understood the Football League has raised concerns over his suitability.
"After extensive discussions over the past few weeks, we have today nominated Portsmouth Supporters' Trust as the preferred bidder for Portsmouth Football Club," confirmed joint administrator Trevor Birch.
"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."