Portsmouth FC fails to block winding-up order
The Premier League club could go into administration after losing winding-up hearing that revolved around its VAT liability
Portsmouth FC could be the first Premier League football club to enter
administration after failing to stop a winding-up petition from the taxman.
HM Revenue & Customs applied for the petition against last month, but the
club argued that the VAT part of its tax bill was too high. However, a High
Court judge dismissed the case, the BBC reported today.
A spokesperson for the Judicial Communications Office said: “At the High
Court today Mr Justice Newey dismissed an application from Portsmouth City (sic)
Football Club Limited for a winding-up petition to be struck out. A further
hearing to consider HMRC’s winding-up petition will take place in due course.”
Currently bottom of the Premier League, Portsmouth would face a nine-point
deduction if they enter administration.