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Portsmouth chief executive hoping for stay of execution from winding-up order
Pompey hopeful club can find new owners...
8 Feb 2010 21:14:00
By Steve Alexander
Portsmouth chief-executive Peter Storrie admits the club hope to be granted a stay of execution when they go to court to face a winding-up order on Wednesday.
Storrie says the club are facing the most important three days in their history after the HMRC issued a petition over unpaid debts at the end of last year.
The club failed in their attempts to block the order in the High Court on January 16.
In the past week a company owned by Balram Chainrai seized control of the troubled club, becoming the fourth owner at Fratton Park this season after Sacha Gaydamak, Sulaiman al-Fahim and Al-Faraj.
Storrie remains optimistic the club can avoid the winding-up order on Wednesday, allowing Chainrai to repay the estimated £7million the club owe HMRC.
"Our priority is Wednesday's court date with the Revenue," Storrie told the Times Online. "Our objective is to seek from the courts a stay of the winding-up order. We need time for a new buyer to come in and then we will be in a position to pay the Revenue.
"If the Revenue wind this club up, they will get nothing and that cannot be the right answer. We're in talks with potential new owners.
"I've heard the joke about how we have had more owners than wins this season but the media have been putting the knife in all season and no one is going to stop now."
Storrie says the club are facing the most important three days in their history after the HMRC issued a petition over unpaid debts at the end of last year.
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The club failed in their attempts to block the order in the High Court on January 16.
In the past week a company owned by Balram Chainrai seized control of the troubled club, becoming the fourth owner at Fratton Park this season after Sacha Gaydamak, Sulaiman al-Fahim and Al-Faraj.
Storrie remains optimistic the club can avoid the winding-up order on Wednesday, allowing Chainrai to repay the estimated £7million the club owe HMRC.
"Our priority is Wednesday's court date with the Revenue," Storrie told the Times Online. "Our objective is to seek from the courts a stay of the winding-up order. We need time for a new buyer to come in and then we will be in a position to pay the Revenue.
"If the Revenue wind this club up, they will get nothing and that cannot be the right answer. We're in talks with potential new owners.
"I've heard the joke about how we have had more owners than wins this season but the media have been putting the knife in all season and no one is going to stop now."
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| Open an account with Sportingbet today and get up to £50 in free bets! |
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| Sign up with William Hill for a free bet up to £25 |
|
| Sign up with bet365 for a free bet up to £200 |
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