Source: FOOTYMAD
Friday Might Be Decision Day For Portsmouth
Might be Friday for decision now According to Sky Sports News, Justice Mann has set aside Friday for appeals in the High Court case involving Portsmouth FC.In a complex High Court case, the South Coast based club are appealing about the amount of money that the HM Revenue & Customs are claiming is owed with HMRC's figures being reported as £13m more than Portsmouth's £24m.HMRC is also disputing as to why other clubs and players owed money should get 100% of monies owed when other non-football creditors are likely to get a lot smaller cut and is objecting them coming out of administration via a Company Voluntary Agreement (CVA).However, if HMRC win the case and Portsmouth are liquidated, they will lose the £6m offered under the terms of the CVA or if HMRC win and Portsmouth exit administration without agreeing a CVA, they could be docked 15-20 points by the Football League.If Portsmouth are liquidated, they will lose their place in the Football League and Saturday's match against Coventry City will not go ahead.A decision is expected this afternoon and appeals if required will be heard tomorrow.
