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Stay of execution is Storrie's goal
Published: 08 Feb 2010 - 14:17:51
Portsmouth chief executive Peter Storrie admits the club's best hope for Wednesday's court date with HM Revenue & Customs is to delay the winding-up order.HMRC issued the petition over unpaid debts at the end of last year and the club failed in their bid to have it struck out by a High Court judge in a hearing on January 16.Since then, Hong Kong businessman Balram Chainrai has become Pompey's fourth owner of the season after last week acquiring Ali Al Faraj's 90% stake in the club.Storrie, who was been charged with running the club on a day-to-day basis, is optimistic they will avoid going into administration."Our priority is Wednesday's court date with the Revenue," he told ESPN Soccernet. "Our objective, now the new owner is in place, is to seek from the courts a stay of the winding-up order. We need time for a new buyer to come in and then we will be in a position to pay the Revenue."If the Revenue wind this club up, then they will get nothing, and that cannot be the right answer. We're in talks with potential new owners, which would be our fifth owner already this season."
