BusinessBusiness RecoveryHMRC drops Portsmouth administrator challenge

HMRC drops Portsmouth administrator challenge

Taxman paves the way for Andrew Andronikou to continue with Portsmouth's administration

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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