Portsmouth expect to cut up to 80 jobs

10 March 2010 17:03
Andrew Andronikou is likely to confirm the job losses at a press conference at Fratton Park and is also understood to be in advanced negotiations with Her Majesty's Revenue and Customs over unpaid tax of £12 million.[LNB]HMRC has sought a winding-up order against the club, and is also challenging the terms of the administration. A High Court hearing to settle the matter is scheduled for Monday.[LNB] Related ArticlesAvram Grant: threat of relegation taking tollPortsmouth owner locks horns with HMRCPortsmouth not eligible for European footballPortsmouth 1 Birmingham 2Portsmouth want Cup cashGarside: Fifa Luddites winIt remains unclear whether discussions between the administrator and HMRC are focused on the status of the administration or the wider question of Portsmouth's debts.[LNB]The club owes £84 million to various creditors with Balram Chanrai, the owner who pushed the club into administration, understood to be at the front of the queue.[LNB]

Source: Telegraph