HMRC Drops Challenge Over Portsmouth

HM Revenue and Customs officially dropped its challenge over Portsmouth's move into administration and said it "offers the best chance of the club surviving''.

It means that the crisis-ridden football club, which owes £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, which took action because the club owed more than £12 million in unpaid VAT and PAYE.

He said Portsmouth had now supplied details about its 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.''

Recently Played Tracks

On Radio: JK and Lucy

6am - 10am

Email the show

JK and Lucy

On TV: Heart Xmas Is Here!

4am - 10am

Watch heart TV

  • Mel And Kim Rockin' Around The Christmas Tree

    Now

    iTunes

  • Michael Buble Baby It's Cold Outside

    06:57

    iTunes

  • John Lennon , Yoko Ono Happy Christmas (War Is Over)

    06:54

    iTunes

  • Kylie Minogue It's The Most Wonderful Time Of The Year

    06:51

    iTunes

More On Heart