Last updated on .From the section Football

The Pompey Supporters' Trust have revealed full details of the settlement reached with former owners Portpin.

A deal was struck on Wednesday 10 April between Portpin and administrators BDO to release their charge on the club.

It meant the PST could take control of the club's Fratton Park stadium and complete their takeover.

From bust to Trust February: Portsmouth enter administration and are docked 10 points. Thirty staff including chief executive David Lampitt are made redundant.

March: The administrators of Portsmouth and Rangers hold talks about a friendly match to raise funds for the two financially troubled clubs. Administrator Trevor Birch reveals that the next four Premier League parachute payments will go to former owner Sacha Gaydamak.

April: Administrators of the club reveal debts of £58m and make several more staff redundant. Pompey are relegated from Championship. Trevor Birch says the club have a "50/50" chance of survival.

May: Former Portsmouth owner Balram Chainrai makes an offer to buy the club.

June: The Pompey Supporters' Trust opens talks with administrators of the club as manager Michael Appleton starts fire-sale of all senior players.

July: Appleton takes a youth team and unsigned players on pre-season tour of Gibraltar. Football League announces a further 10-point deduction.

August: Liam Lawrence becomes the last senior player to leave Pompey.

September: Pompey earn their first win in League One. Former Watford owner Laurence Bassini submits formal offer for the club. Former owner Sulaiman Al Fahim also confirms interest.

October: The PST is named 'preferred bidder' for the club. Appleton is linked to jobs at Burnley and Bolton.

November: Appleton leaves Portsmouth for Blackpool shortly before his one-year anniversary.

December: A High Court hearing to determine the future of Pompey and force the sale of Fratton Park is adjourned.

January: Staff at the club are forced to take a further pay cut while the Football League confirms the club will face a 10-point penalty when they exit administration. The latest court case is adjourned.

February: Keith Harris makes a late bid for the club but his offer for Pompey is rejected by the Football League.

March: A court date is announced to force the sale of Fratton Park.

April: Administrators of the club reach an out-of-court settlement with Portpin

The PST paid £3m for the 'property' (fixed charge on Fratton Park) and £450,000 for other assets (floating charge) plus two 'add-ons' to Portpin.

Those adds-ons were £125,000 to be paid to Portpin at the end of each of the 2016/17 and 2017/18 seasons as well as a £2m payment if Portsmouth reach the Premier League in the next 10 years.

The club exited administration on Friday after 14 months.

The PST are backed by several High Net Worth investors, including Iain McInnes, who is also the club's new chairman.

As well as the HNWs, ordinary fans have been pledging £1,000 each to help Pompey become the largest supporter owned club in the country.

Earlier this month Pompey were relegated for the second-successive season but their settlement means Portpin's charge against Fratton Park has been removed and they no longer have a hold or guarantees over Portsmouth Football Club.

And chairman of the PST Ashley Brown said the deal, which was settled out of court, heralded a new era for the club.

"This was a very sensible and prudent financial settlement which we are confident the business can afford," he said,

"The club can now look forward to a bright, stable and financially sustainable future. Under the Trust's ownership, the club will have more working capital than at any point in the last few years.

"We have received tremendous support from fans in the last few days and have received hundreds more pledges and conversions - all of which means more income for the football club. The opportunity for fans to buy shares is going to remain open for the foreseeable future.

"Once again, we'd like to offer our thanks to Pompey fans everywhere who have backed their football club to the hilt to create a true community club."