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HMRC drops Portsmouth administrator challenge

17 Mar 2010, Kevin Reed, AccountancyAge

http://www.accountancyage.com/aa/news/1808468/hmrc-drops-portsmouth-administrator-challenge

Portsmouth's administrator has been cleared to push on with his efforts to sell the club.

UHY Hacker Young's Andrew Andronikou provided the taxman with more details of the club's financial situation, which persuaded HM Revenue & Customs to drop its challenge to the administration appointment, reported the BBC.

Andronikou also suggested that he would challenge the automatic nine-point deduction the Premier League would make against an insolvent club.

Further reading:

Pompey administrator investigate mystery payments

Cutting Pompey to the bone

HMRC calls for investigation into Portsmouth administrator

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