Source: Daily_Mail
Portsmouth told they must pay £7m by the end of the month in High Court showdown
Portsmouth have been told they must pay the Inland Revenue £7m by the end of the month as the dark clouds continue to hang over the cash-strapped club.[LNB]In their latest visit to the High Court, Pompey - who are currently in administration - were warned they must cough up £14m by the end of April to stave off the threat of going bust.[LNB]And the Her Majesty's Revenue and Customs insisted that the everything going on at the south coast club was currently 'shrouded in mystery'.[LNB] Under pressure: Portsmouth's David James walks out at Burnley on Saturday[LNB] [LNB]Meanwhile, the Premier League will await the outcome of Portsmouth's High Court appearance later today before considering the stricken club's future. [LNB]Administrator Andrew Andronikou was due to meet Premier League officials this morning to discuss a number of issues, including the possibility of waiving the nine-point deduction imposed on sides going into administration.[LNB]In charge: Portsmouth's administrator Andrew Andronikou[LNB] However, Portsmouth were summoned to attend the High Court today to answer questions from HMRC over their voluntary administration and so that meeting has been postponed. [LNB]The club went into administration on Friday with estimated debts of £78million, including an outstanding tax bill of £12.1m. [LNB]It is understood the club will be given time to consider their response before being asked to attend a second hearing, where a decision on the validity of the administration will be made. [LNB]Andronikou does not expect this latest development to threaten the administration process at this stage. [LNB]'We're not unduly worried,' he said. 'It's not standard procedure but I'd imagine that HMRC are basically crossing their t's and dotting their i's. We're expecting the administration to proceed as it was.'[LNB] Portsmouth face new court threat as HMRC challenge club's administrationPompey buy-out boost as New Zealand businessman says: I'm still interestedPORTSMOUTH FC
