Date: 8th February 2010 at 11:21pm
Written by:

A number of ‘reports’ are beginning to surface that say Pompey ‘might’ have managed a stay of execution from the immediate threat of being ‘wound-up’ this week, with this threat starting to ease a little, as are the possibilities of Pompey becoming the first premier league club forced into administration?

The BBC – which is the source for many of these quotes that will follow – which to be fair is one of those that are ‘usually’ more accurate says: ‘Portsmouth say they are close to reaching an agreement to avoid being wound up in the High Court.

‘The club’s lawyers have been in talks with Her Majesty’s Revenue & Customs over a deal which they hope will lead to Wednesday’s action being dropped.’

Should the winding up hearing go ahead as scheduled God only knows what would happen but ‘apparently’ this deal has been arranged that would see a large amount paid off now with agreements already reached with creditors.

It was also said: ‘An agreement has already been reached with the creditors other than HMRC who have been named in the case, which relates to a reported £7.5m VAT bill.

‘If a compromise is reached, it is likely that a substantial part of the money due to HMRC will be paid, with the rest of the debt re-scheduled, thereby avoiding Pompey becoming the first top-flight club going into administration.’

As said The BBC is one of the more ‘reliable’ media sources out there, although until something more ‘official’ comes along we will have to continue to keep hoping for the best and keep our fingers crossed…

Lets hope that Tuesday can bring us some decent news before the evening does with the 3pts that we WILL collect from Sunderland!

PLAY UP POMPEY!


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