|
|
10 Feb 2010
Officials from Portsmouth are reported to have been involved in last minutes talks with the taxman to avoid a winding-up order due to hit the courts today.
According to the Independent the club will today contest the sum owed to HM Revenue & Customs, said to be £7.5m. Hearings have already been postponed once.
Commentators suggest the likely outcome is for the club to go into administration, though it remains unknown which firm would receive the appointment.
Portsmouth would become the first Premiership side to go into administration and, under Football Association rules, would be docked nine points.
The FA is described in some reports as sanguine over Portsmoth's plight having already concluded some time ago that the club's finances were unstable.
Read more:
Clear as Crystal: Crystal Palace's administrator profile
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment