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
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
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.
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