HM Revenue and Customs drop challenge over Portsmouth

Published: 16 Mar 2010 - 12:04:24

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It means Portsmouth, who owe £65 million, will not face a winding up petition. Gregory Mitchell QC, representing HMRC, told High Court judge Mr Justice Lewison that there would now be a meeting of creditors, including HMRC, who took action because the club owed more than £12 million in unpaid VAT and PAYE. Newcastle target Middlesbrough derby as key to Premier League survivalHe said Portsmouth had now supplied details about their financial affairs and after a meeting with the administrators, HMRC had been reassured about their independence. "We take the view that the continuation of the administration offers the best chance of the club surviving and of a return to the creditors, including HMRC."

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