Portsmouth's winding-up order suspended as administration deemed valid in High Court

Pompey face nine-point deduction...

16 Mar 2010 13:42:00

By Alan Dawson

More On :  Portsmouth
Fratton Park - Portsmouth (PA)

Portsmouth's plunge into administration was deemed valid by a High Court judge on Tuesday, meaning the winding-up order that HM Revenue & Customs imposed on the club has been suspended.

Pompey now face a nine-point penalty for voluntarily entering administration, and administrator Andrew Andronikou will now be ordered to arrange a creditor's meeting within the next ten days. 

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Gregory Mitchell QC, who was representing HMRC, is reported to have said to Press Association Sport: ''At a meeting held between administrators and HMRC on March 9 we confirmed that we had received documents which satisfy us at HMRC that the administration is valid and we also received reassurance of the administrator's independence.

"We take the view that this administration offers the best chance of the club's survival and the best possibility of a return of cash for insecure creditors which include the HMRC.''

Peter Kubik, join administrator, offered his response to Portsmouth News: "We are very happy about what has been agreed at court today [Tuesday].

"It means we can now progress with positive meetings with the Premier League which are due to take place tomorrow.''

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