Sunday 14 February 2010

Pompey's week of destiny

In a campaign that has seen the club teeter on the brink of collapse on more than one occasion, the fat lady may yet have chance to exercise her vocal chords should a High Court hearing go against Portsmouth this week.

With reported debts of up to £60 million the south coast club go to the High Court on Wednesday to try to prevent HM Revenue and Customs winding them up in pursuit of £7 million in unpaid taxes.

Pompey are only operating thanks to other 'soft' creditors refusing to call in their loans immediately, with former owner Alexandre Gaydamak being one of them. But HMRC are tired of debt ridden football clubs being slack with their tax bills and are unwilling to give the club more time.

Read the rest of this entry.

No comments:

Post a Comment